More cuts in health insurance, do you work for a small business?

May 28, 2009

Do you work or plan on working for a small business? If you do there is some urgent news for you.

According to the non-profit research group, the Kaiser Family Foundation, health insurance premiums for small businesses rose 74 percent from 2001 to 2008.

This is forcing small businesses to make a decision, cut health care or layoff employees. The National Small Business Association told Lita Epstein that 10 percent of small businesses are thinking about eliminating coverage over the next year. When a business drops a company plan, it is up to the employee to seek new insurance. It is vital to have insurance or you could end up spending multiple paychecks on medical bills.

Before you sign up for a plan, make sure you compare insurance prices! If you out of luck and your company is laying off or you have not started coverage from your new job check out short-term insurance. These types of insurance plans can keep the bills off your back!

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