Insurance Changes for Small Business

By Tara Hettinger | 

Change may be on the horizon for the hundreds of thousands of Kentuckians working without insurance.

The new ICARE bill would use state money to subsidize the cost of health insurance.

"Probably put small businesses on a more even playing field with the larger employers," said vice-president of Insurance Speciality Group Brent Thomas.

Through the bill, business owners would receive 40 to 60 dollars per employee per month to help cover the cost of insurance that their larger counterparts offer.

The author of this new bill, Tom Thompson, says this may help them compete with those larger businesses and also to grow and retain employees.

The new bill passed the house this week and now is on to the Kentucky Senate. Thompson says he hopes it will be finalized in the next 2 to 3 weeks.