To drop employee health coverage and pay a penalty, or to not drop coverage: That’s the question. And the answer most employers are giving is …
“We’re going to keep offering healthcare benefits.”
The majority of employers (52.5%) strongly disagreed with the statement that it would be more beneficial for their organizations to stop offering healthcare benefits and pay the new healthcare reform law’s $2,000 per worker fine for not offering an affordable health plan, found a study of more than 3,700 executives by Crain Communications, Inc.
In addition, another 15.4% somewhat disagreed with the idea of dropping coverage.
Meanwhile, 32.1% of execs believed their organizations would be better off dropping their healthcare benefits and paying the fine.
Larger employers even more likely to keep coverage
Execs from largest organizations surveyed (those with 25,000-plus employees) were even more likely to keep healthcare benefits intact — 64.9% said they felt strongly their organizations would be better off keeping their existing benefits. Another 12.4% somewhat agreed with that notion.
Meanwhile, 14.2% somewhat disagreed and 8.5% strongly disagreed that their company would be better off continuing to offer healthcare benefits.
What do you think? Is your company better off keeping its healthcare benefits or dropping them and paying the fine? Let us know in the Comments Box below.
Reform's aftermath: How many employers are keeping, dropping health benefits?
1 minute read