Small Business Premiums Costs and Deductible

According to a survey of 921 small-business owners and operators from around the country by the National Federation of Independent Business, 64 percent reported that they pay more for insurance premiums per employee in 2013 than they did in 2012. According the NFIB's study, Small Business's Introduction to the Affordable Care Act, the health insurance premium costs incurred by small businesses (employer and employee shares) average $6,721 a month ($80,652 a year). The median cost is about $3,500 every 30 days. Deductibles for beneficiaries of small-business health insurance products also rose in 2013. While two of three (67 percent) of plans maintained deductibles at the prior year's level, another 28 percent increased deductibles; only 4 percent lowered deductibles in their plans. Source: National Federation of Independent Business