The annual single premium (i.e. employee-only) rate for health insurance coverage for small businesses (with fewer than 50 employees) in New England typically run higher than national average rates for similarly sized businesses. In comparison to national average rates, the smallest firms, with fewer than 10 employees, in Connecticut, Maine, New Hampshire and Rhode Island are subject to particularly high annual premium rates for employee-only health plan coverage. 2019 data from the most recent Medical Expenditure Panel Survey, a data survey conducted by the U.S. Department of Health and Human Services' Agency for Healthcare Research and Quality, reveals the following about small business employee-only health premium rates in New England and nationally:
All Businesses with | Businesses with | Businesses with | |
State | under 50 Employees | 10 to 24 Employees | under 10 Employees |
CT | $7,607 | $7,030 | $8,294 |
ME | $6,295 | $6,836 | $5,914 |
MA | $8,017 | $8,036 | $8,643 |
NH | $7,136 | $7,072 | $8,070 |
RI | $7,483 | $7,224 | $9,466 |
VT | $6,978 | $6,655 | $7,502 |
U.S. | $6,920 | $6,892 | $7,528 |
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