82% say it's harder to hire and retain good
workers today than it was three years ago
90% say offering group health benefits
helps them hire and retain quality employees
47% say a premium increase of 15% would
make offering coverage unaffordable
AUSTIN,
Texas, Feb. 7, 2024 /PRNewswire/ -- Smaller
employers say it's harder to find good workers today than it was
three years ago, but offering group health coverage can make a
difference. Modest cost increases could force many to abandon group
health coverage. While alternatives like ICHRA are promising,
relatively few know about them.
Those are among the insights uncovered from new original
research published today by eHealth, Inc. (Nasdaq: EHTH)
(eHealth.com), a leading online private health insurance
marketplace.
Based on a survey of more than 550 owners and manager of small
to mid-sized companies, eHealth found:
- It's a challenging labor market for smaller employers:
82% of respondents say it's harder to hire and keep good workers
today than it was three years ago.
- Health benefits help them hire good workers: 90% of
those offering health coverage say it helps them hire and retain
the best workers.
- Modest premium increases could make coverage
unaffordable: 47% say an increase of 15% in premium costs would
make offering coverage unaffordable.
- Those not offering coverage can't afford it: 82% of
those offering health coverage pay $200 or more per employee per month; only 14% of
those not offering health coverage can afford $200 per month.
- About half of respondents are unaware of group coverage
alternatives like ICHRA: 55% are uneducated about individual
health coverage reimbursement arrangements (ICHRAs), which allow
employers to provide a monthly stipend for employees to buy
coverage on their own.
Read the full report.
eHealth's original research is based on a general population
survey of more than 550 owners and managers of small to mid-sized
businesses. Refer to the methodology note at the end of the
report for more details.
About eHealth (NASDAQ: EHTH)
We're Matchmakers. For
over 25 years, eHealth has helped millions of Americans find the
healthcare coverage that fits their needs at a price they can
afford. Consumers can visit our health insurance marketplace at
ehealth.com, or call us to speak with a licensed insurance agent at
1-833-964-1202. As a leading independent licensed insurance agency
and advisor, eHealth offers access to over 180 health insurers,
including national and regional companies.
For more information, visit ehealth.com or follow us on
LinkedIn, Facebook, Instagram, and X. Open positions can be
found on our career page.
Media inquiries, please contact: pr@ehealth.com
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SOURCE eHealth, Inc.