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Home Affordable Care Act Health Benefits Offer Rates: Fact And Figures

Health Benefits Offer Rates: Fact And Figures

2 minute read
by Robert Sheen
Health Benefits Offer Rates: Fact And Figures

The Kaiser Family Foundation released a report that detailed the rates of health benefits offered to individuals. In 1999, 66% of firms offered health benefits to their employees, and that figure remained somewhat consistent until 2004, at which point the percentage dropped to 60%. It rose the following year by 1%, though dropped 2% to a total of 59% in 2007. While the percentages over the years have seen some ups and downs, the greatest increased happened in 2010, the year the Affordable Care Act was signed, where 69% of firms offered health insurance. That number has since dropped considerably, and in 2015, only 57% of firms offered health insurance. These are just a few numbers presented by the KFF in their report. The following is a further breakdown of those statistics:

In 2015, 98% of large firms (in excess of 200 employees), offered health insurance to “some” employees. Comparatively, 56% of small firms with less than 200 employees but greater than three, offered health insurance.

In 2015, 97% of firms with over 100 employees offered health insurance to “some” employees, 89% of firms with 50-100 employees.

47% of firms with 3-9 employees are likely to offer health insurance, while 63% are likely to offer it within their firms of 10-24 employees. 82% of firms with 25-49 employees offer health care, and 92% of firms with 50-199 employees offer health care.

Age also affects the statistics. In firms where employees are 26 or younger, there is a 35% chance the firm is less likely to offer health insurance as opposed to firms where less than 35% of employees are under the age of 26.

19% of those firms offering health care, offered healthcare to their part-time employees. However, firms with over 200 employees are 35% likely to offer part-time employee benefits in contrast to those with under 200 employees, who are only 18% likely.

Only 3% of those firms offering health care, offered healthcare to temporary employees. Of that 3%, 11% of firms with over 200 employees are likely to offer benefits to temporary employees, compared to the 3% of firms with under 200 employees.

2015 statistics for health care among families were positive. 98% of small firms offered health care to employees’ spouses, while 100% of large firms offered it. 96% of small firms offered health care to dependents and children, while once again 100% of large firms offered health care.

To view the Kaiser Family Foundation’s Health Benefits Offer Rates reports, click .

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