A majority of small businesses experienced increased health insurance premiums in 2013, according to results of a new survey released today by the National Federation of Independent Business.
Sixty-four percent of the 921 business owners responding to the NFIB survey said their per-employee health insurance costs were higher this year than they were in 2012. The survey, conducted in June, found that total health insurance premium costs, including those borne by the employer and employees, averaged $6,721 monthly, or $80,652 per year.
Deductibles for beneficiaries of small-business health insurance products also rose in 2013. The survey is the first segment of a three-year longitudinal study by NFIB in which the same business owners will participate to measure the impact of federal health-care reform on small businesses.