Close Close

Life Health > Health Insurance > Health Insurance

NAIC: Employers Confused

Your article was successfully shared with the contacts you provided.

Owners of small businesses need more information about health insurance, according to officials at the National Association of Insurance Commissioners.

The NAIC, Kansas City, Mo., recently commissioned a survey of 500 small business decision makers

One-third of the participants said they cannot afford to provide health coverage for employees, and 64% said they are not confident about their ability to pick a health insurance policy that fits their budgets and their employees’ needs, officials say.

Only 27% said they understand all the factors that affect small group health premiums, and 60% said they are not confident that they understand the tax implications of paying for a portion of their employees’ health insurance premiums.