0
The Inevitable End of
Small Business Health Insurance
WEBINARS
By 2025, “Less than 20%” of workers will receive
employer-s...
DISCLAIMER
The information provided herein by Zane Benefits is general in nature and should not be relied on for commercia...
Additional FREE Resources: Small Business Health Insurance & Defined Contribution
View all of our free eBooks, Whitepapers...
Agenda
1. Quick History of U.S. Employer-Provided Health Insurance
2. Individual Market Reform (aka Affordable Care Act)
3...
Quick History of U.S. Employer-Provided
Health Insurance
Quick History of U.S. Employer-Provided Health Insurance
1940s - Creation of Employer-based Health Insurance
● 2-for-1 tax...
Individual Market Reform
(aka Affordable Care Act)
Individual Market Reform (aka Affordable Care Act)
2010 - The Affordable Care Act (ACA) Signed Into Law
2014 - Major ACA P...
1. To Standardize Plans and Provide Consumer Protections
● Standard Plan Tiers
● Unlimited Essential Health Benefits (EHB)
2. To Provide Universal Access to Health Insurance
● Guaranteed-Issue
● Health Insurance Marketplaces
3. To Make Health Insurance More Affordable
● Premium Tax Credits
● Medicaid Expansion
● Individual Mandate
These Enhancements Make Individual Market MORE Attractive
“The Individual Market is expected to expand to
more than 150 mi...
The MASSIVE Shift to
Individual Health Insurance
The MASSIVE Shift to Individual Health Insurance
4 Reasons:
1. Employer health insurance costs are UNSUSTAINABLE
2. Indivi...
1. Employer Health Insurance Costs are UNSUSTAINABLE
By 2013, only 57% of
small- and medium-sized
employers
(< 200 employe...
2. Individual Health Insurance is BETTER
Individual health insurance policies provide greater
value to employees:
● Choice...
3. Individual Health Insurance Costs LESS
Individual health insurance costs are 20% to 60% lower
3. Individual Health Insurance Costs LESS (continued)
3. Individual Health Insurance Costs LESS (continued)
4. Defined Contribution Allows Employers to REIMBURSE
Two primary options:
● Taxable Healthcare Allowance, or
● Tax-free H...
Summary and Q&A
Summary
1. Employer-provided health insurance is not sustainable.
2. Affordable Care Act (ACA) is really Individual Health...
Additional FREE Resources: Small Business Health Insurance & Defined Contribution
View all of our free eBooks, Whitepapers...
DISCLAIMER
The information provided herein by Zane Benefits is general in nature and should not be relied on for commercia...
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Webinar - The Inevitable End of Small Business Health Insurance

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Zane Benefits Webinar (http://offers.zanebenefits.com/webinar-end-of-small-business-health-insurance)

The small business health insurance market is undergoing a dramatic transformation. It's estimated that 60% of small businesses will eliminate employer-sponsored health insurance in favor of individual health insurance and Defined Contribution by 2017.

During this webinar, Rick Lindquist, President of Zane Benefits, discussed the history and future of small business health insurance.

Topics include:
- Why businesses offer health insurance today
- The future of small business health insurance
- How to offer a Defined Contribution health plan now
- What these changes mean for industry professionals, employers, and employees

View recorded video at http://offers.zanebenefits.com/webinar-end-of-small-business-health-insurance

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Transcript of "Webinar - The Inevitable End of Small Business Health Insurance"

  1. 1. The Inevitable End of Small Business Health Insurance WEBINARS By 2025, “Less than 20%” of workers will receive employer-sponsored health insurance. -Ezekiel Emanuel
  2. 2. DISCLAIMER The information provided herein by Zane Benefits is general in nature and should not be relied on for commercial decisions without conducting independent review and analysis and discussing alternatives with legal, accounting, and insurance advisors. Furthermore, health insurance regulations differ in each state; information provided does not apply to any specific U.S. state except where noted. See a licensed agent for detailed information on your state. www.ZaneBenefits.com Group health insurance is broken. We have the solution. Zane Benefits offers simple, affordable, and compliant health benefit solutions to small and medium-sized businesses. The ZaneHealth software helps businesses save 20% to 60% on healthcare costs by reimbursing employees for individual health insurance. Our online solutions allow businesses to create compliant healthcare reimbursement plans that create happier employees, reduce costs, and save time. Zane Benefits' Partner Program is an opportunity for insurance professionals to provide clients with custom Zane Benefits solutions. Request a Partner Evaluation.
  3. 3. Additional FREE Resources: Small Business Health Insurance & Defined Contribution View all of our free eBooks, Whitepapers and On-Demand Webinars at: ZaneBenefits.com/Resources Subscribe to our Blog at: ZaneBenefits.com/Blog
  4. 4. Agenda 1. Quick History of U.S. Employer-Provided Health Insurance 2. Individual Market Reform (aka Affordable Care Act) 3. The MASSIVE Shift to Individual Health Insurance 4. Summary and Q&A Speaker: Rick Lindquist, President of Zane Benefits @RickLindquist
  5. 5. Quick History of U.S. Employer-Provided Health Insurance
  6. 6. Quick History of U.S. Employer-Provided Health Insurance 1940s - Creation of Employer-based Health Insurance ● 2-for-1 tax advantage created ● Worked fine until costs began to rise & employees switched jobs 1980s / 1990s - Small Group Reform (“NAIC Act”) ● Guaranteed-issue Small Group Health Insurance ● Created minimum contribution / participation requirements ● Did not address cost 2000s - Rise of the Individual Market ● eHealthInsurance.com ● ExtendHealth, Inc. ● UnitedHealthOne ● Zane Benefits, Inc.
  7. 7. Individual Market Reform (aka Affordable Care Act)
  8. 8. Individual Market Reform (aka Affordable Care Act) 2010 - The Affordable Care Act (ACA) Signed Into Law 2014 - Major ACA Provisions Take Effect Three Core Objectives for Individual Market: 1. To standardize plans and provide consumer protections 2. To provide universal access to health insurance 3. To make health insurance more affordable
  9. 9. 1. To Standardize Plans and Provide Consumer Protections ● Standard Plan Tiers ● Unlimited Essential Health Benefits (EHB)
  10. 10. 2. To Provide Universal Access to Health Insurance ● Guaranteed-Issue ● Health Insurance Marketplaces
  11. 11. 3. To Make Health Insurance More Affordable ● Premium Tax Credits ● Medicaid Expansion ● Individual Mandate
  12. 12. These Enhancements Make Individual Market MORE Attractive “The Individual Market is expected to expand to more than 150 million insureds by 2025.”
  13. 13. The MASSIVE Shift to Individual Health Insurance
  14. 14. The MASSIVE Shift to Individual Health Insurance 4 Reasons: 1. Employer health insurance costs are UNSUSTAINABLE 2. Individual health insurance is BETTER 3. Individual health insurance COSTS LESS 4. Defined Contribution allows employers to REIMBURSE “60% of Small Businesses Will Transition to Individual Health Insurance by 2017”
  15. 15. 1. Employer Health Insurance Costs are UNSUSTAINABLE By 2013, only 57% of small- and medium-sized employers (< 200 employees) offered health insurance…. Compared with 99% of large employers (200+ employees).
  16. 16. 2. Individual Health Insurance is BETTER Individual health insurance policies provide greater value to employees: ● Choice ● Portability
  17. 17. 3. Individual Health Insurance Costs LESS Individual health insurance costs are 20% to 60% lower
  18. 18. 3. Individual Health Insurance Costs LESS (continued)
  19. 19. 3. Individual Health Insurance Costs LESS (continued)
  20. 20. 4. Defined Contribution Allows Employers to REIMBURSE Two primary options: ● Taxable Healthcare Allowance, or ● Tax-free Health Reimbursement Plan (HRP)* Defined Contribution arrangements allow employers to reimburse employees for individual health insurance costs. * Must be designed to comply with Market Reforms
  21. 21. Summary and Q&A
  22. 22. Summary 1. Employer-provided health insurance is not sustainable. 2. Affordable Care Act (ACA) is really Individual Health Insurance Reform. 3. Individual health insurance is now better for employees due to choice, portability, and cost. 4. Defined Contribution allows employers to reimburse employees for individual health insurance costs. 5. Over next three years, 60% of small businesses will transition to employer-funded individual health insurance.
  23. 23. Additional FREE Resources: Small Business Health Insurance & Defined Contribution View all of our free eBooks, Whitepapers and On-Demand Webinars at: ZaneBenefits.com/Resources Subscribe to our Blog at: ZaneBenefits.com/Blog
  24. 24. DISCLAIMER The information provided herein by Zane Benefits is general in nature and should not be relied on for commercial decisions without conducting independent review and analysis and discussing alternatives with legal, accounting, and insurance advisors. Furthermore, health insurance regulations differ in each state; information provided does not apply to any specific U.S. state except where noted. See a licensed agent for detailed information on your state. www.ZaneBenefits.com Group health insurance is broken. We have the solution. Zane Benefits offers simple, affordable, and compliant health benefit solutions to small businesses. The ZaneHealth software helps businesses save 20% to 60% on healthcare costs by reimbursing employees for individual health insurance. Our online solutions allow businesses to create compliant healthcare reimbursement plans that create happier employees, reduce costs, and save time. Zane Benefits' Partner Program is an opportunity for insurance professionals to provide clients with custom Zane Benefits solutions. Request a Partner Evaluation.
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