The Affordable Care Act changed many of the regulations affecting small businesses and insurance, and continues to do so. (Photo: Shutterstock) Group Health Insurance for Small Businesses: What You Need to Know
There is a little-known aspect of the Affordable Care Act that makes group insurance very accessible for small businesses.
September 26, 2022 at 07:00 AM
5 minute read
Small Business Adviser
The original version of this story was published on Law.com
Insurance is one of the larger expenses for businesses and individuals alike. According to the Kaiser Family Foundation (KFF), the average annual premiums in 2021 were $7,739 for single coverage and $22,221 for family coverage. Over the last year, the average premium for both single and family coverage increased by 4%. Even more shocking: the average family premium has increased 47% since 2011 and 22% since 2016.
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