Becker's Healthcare June 28, 2024
The average cost of health insurance for small-business owners is on the rise, according to a report from JPMorganChase.
The report, published June 26, examined the cost of healthcare premiums for small businesses from 2018 to 2023.
Most small businesses have no employees — but owners often purchase health coverage for themselves and their families and have seen higher premium costs in the past five years.
For small businesses with fewer than 50 employees, healthcare premiums also rose, but overall payroll expenses rose faster.
Five things to know:
- For small businesses without employees, health insurance premium costs rose 19% from 2018 to 2023. Premiums rose from 3% of average total operating expenses to 4%....
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