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TCP survey: Trucking preparing for changes in health care; 24% would opt out

The number who anticipate opting out of the program altogether by using independent contractors has grown from 13 percent two years ago to 24 percent this quarter.

The Trucker News Services

10/1/2013

Carriers are gradually coming to terms with the effects of the new health care law, and what they must do to comply, according to the Transport Capital Partners (TCP) third-quarter survey.

Open enrollment under the Affordable Care Act begins today, October 1, and deadlines for businesses are fast approaching. The trucking industry has gradually learned more about this major change through press coverage, health insurers, and new government-sponsored websites.

As implementation of the new health law draws near, the number of carriers reporting the law has made no difference to their business dropped from 36 percent a year ago to 8 percent this quarter. Carriers are taking various steps in order to comply, and strategies for dealing with the increased costs have shifted.

In November 2011, 43 percent of carriers indicated they were likely to have employees contribute more toward health costs. Today, carriers are more likely to implement wellness programs (44 percent) and health savings plans (30 percent).

The number who anticipate opting out of the program altogether by using independent contractors has grown from 13 percent two years ago to 24 percent this quarter.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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