Corporation’s age factors into health benefits
National News-Small businesses are less likely to offer employee health benefits, especially if they’re the new kid on the block, according to a recent report from the Kaiser Family Foundation. Analysis finds that among firms with nine employees or fewer, those in business for 20 years or more are more likely to offer benefits.
National News-Small businesses are less likely to offer employee health benefits, especially if they’re the new kid on the block, according to a recent report from the Kaiser Family Foundation. Analysis finds that among firms with nine employees or fewer, those in business for 20 years or more are more likely to offer benefits.
Newer businesses might have limited access to resources and might be uncertain about their long-term sustainability, contributing to their reluctance to offer health benefits. Comparatively, 43% of small firms in business 20 years or more offer benefits while 32% of small firms in business five to nine years do, and 24% of those in business less than five years offer such benefits.
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