Thursday, June 12, 2014

Employer Preparedness for the ACA

According to the Transamerica Center for Health Studies, employers appear more informed about their companies' options for providing health insurance than employers interviewed last year. In a 2013 benchmark study, only 37 percent of employers reported being very informed about their companies' options for providing health insurance; in the 2014 study, 69 percent report being very informed.

Among small businesses, the survey revealed that only six in 10 (59 percent) of those with fewer than 50 full-time equivalent employees are aware of the new Small Business Health Options Program (SHOP), compared to eight of 10 businesses overall (79 percent).

28 percent of employers actually expect their number of employees to increase due to the ACA, compared to 15 percent that expect the number to decrease. Most employers (64 percent) plan on taking some action to comply with the ACA, with 19 percent planning to change plan options and 17 percent planning to change insurers.



Source: Transamerica Center for Health Studies

No comments:

Post a Comment