Bracing for "Obamacare," Some Businesses Try PEO's



Bracing for "Obamacare," Some Businesses Try PEO's

ESCO Communications, an Indianapolis-based audio/visual equipment installer, has provided health insurance for its 100 employees for more than 40 years, but when CEO Chip Roth was faced with 40 percent price hike on the company's plan last year, he realized he needed to make a change. The cost increase--coupled with expected complexities of the Affordable Care Act, often referred to as Obamacare--led Roth to WorkSmart Systems, a local professional employer organization that pools health benefits for the employees of 200 small companies.

"Health insurance was the real driver," Roth says. "By joining a larger pool and spreading the risk around, we were able to keep our rates the same as they were."


Read more here: http://www.entrepreneur.com/article/226492