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.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.