Health Insurance premiums for small businesses have continued to rise over the last decade
Small businesses have experienced historic rate increases over the last decade, making Traditional Affordable Health Care Act (ACA) policies unsustainable.
The Damage of the Affordable Healthcare Act
Since the conception of the Affordable Healthcare Act (ACA) in 2010 to the reversal of the ACA Mandate in 2019, premiums and renewal rates have continued to price themselves of the market for many small businesses and middle-class families.
Losses continue to mount within the Affordable Healthcare Act (ACA). For many years, no options were available outside of the ACA. All of that changed in January of 2019 when the IRS reversed the penalty of the ACA Mandate. Today the penalty is $0.
With the arrival of COVID-19, no longer can employees and families be exposed to the ongoing premium increases with ACA plans. A new standard of health insurance has evolved. It is no longer sustainable and there are options...
Steady Premium Increases
Rates increases are at historical levels and has become unsustainable for most small businesses and their employees.
Increasing Renewal Rates
The average price increase over the last 5 years exceeds 10% and continues to rise. Small business plans are having to change coverage each year in an attempt to side-step the increasing premiums.
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