Many self-employed think healthcare costs will rise under new law

Posted on: Thursday, June 14, 2012

While recent studies have indicated that there will be more insurance customers under the Patient Protection and Affordable Care Act, a separate survey indicates that many people believe the cost of coverage will increase because of the law.

According to a poll conducted by the National Association for the Self-Employed, one in four respondents indicated they believed the cost of health insurance would increase once the law goes into full effect in 2014. However, even if it does lower costs, many still said they weren't certain about whether they would pay for some of their workers' healthcare.

"Over 65 percent of the self-employed and micro-businesses are unlikely or unsure if they will provide and pay for a portion of health coverage for their employees in the future," said Kristie Arsian, NASE president.

She added that while health coverage is important to the self-employed, coverage must be flexible to their needs and still be affordable.

It may be a good idea for insurance agents to provide as much information as possible to their customers about the PPACA, as it has the potential to dramatically impact how they will be covered once it's fully implemented.

Posted In: Insurance News, Health Insurance

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