• The United States is the only wealthy, industrialized nation that does not have a universal health care system. Source: Institute of Medicine of the National Academy of Sciences
• According to the last census, the percentage of Americans without health insurance was 15.8%, or approximately 47 million uninsured people. Source: US Census Bureau
• Among the 84.2% with health insurance. coverage was provided through an employer 59.7%, purchased individually 9.1%, and 27.0% was government funded (Medicare, Medicaid, Military). (There is some overlap in coverage figures.) Source: US Census Bureau
• The primary reason given for lack of health insurance coverage was cost (more than 50%), lost job or a change in employment (24%), Medicaid benefits stopped (10%), ineligibility for family insurance coverage due to age or leaving school (8%). Source: National Center for Health Statistics
• More than 40 million adults stated that they needed but did not receive one or more of these health services (medical care, prescription medicines, mental health care, dental care, or eyeglasses) because they could not afford it. Source: National Center for Health Statistics

About half of the bankruptcy filings in the United States are due to medical expenses. Source: Health Affairs Journal Health Care Expenditures 

• According to the last census. personal health care expenditures were paid by private health insurance 36%, federal government 35%, state and local governments 11% , and out-of-pocket payments 15%. Source: National Center for Health Statistics
• 75% of all health care dollars are spent on patients with one or more chronic conditions, many of which can be prevented, including diabetes, obesity, heart disease, lung disease, high blood pressure, and cancer. Source: Health Affairs
• The average family health insurance premium, provided through an employer health benefit program, was $11,480. Employees paid an average of $2,973 towards the premium amount. Source: Kaiser Family Foundation

Are you paying too much for your group health insurance in Huntsville and the surrounding areas? You might be.

If so, is this the time to be doing that? What if you could offer your employees the same or better coverage for less money?

Or what if you didn’t offer health insurance to your employees at all? After all, there is no law exists that says you have to provide it.

However, if you paid your best employee the same as a competitor but the competitor offered health insurance, would your employee leave? Probably. If not right away, he or she would be looking which would be very disruptive for your business. As you know, many good workers take jobs just for the health insurance.

So, you do want to offer health insurance to your employees.

At What Cost?

With the way the economy is, it might be time to reassess your provider. Are you receiving the best for your employees and your business? The group health insurance professionals at Burkett & Associates Insurance in Huntsville will procure several plans for you. From deductibles to the physician network to coverages offered, we will help you sort out the programs that work best for your situation.

In these turbulent times and on this changing health insurance landscape, you need to review your group health policy every year. So, complete the Protection Savers Form below, today—before the next open enrollment period. We will then contact you to discuss your needs and provide you with a viable group health quote.