With the passage of health-care reform, many self-storage operators are wondering how they will be affected.
According to the national Self Storage Association, 90 percent of all self-storage companies are single facilities run by owner/operators, which puts them in the small-business category. Many small-businesses owners do not have health care insurance through their businesses or offer it to employees.
The current health-care reform will require businesses with 50 employees or more provide health insurance to employees or pay a small fee. The reform also calls for more affordable health insurance policies for smaller businesses, which can include tax credits and federal subsidiaries.
In 2014, there will be the option to join Small Business Health Options Programs, which allows several businesses to band together to buy insurance at better rates.
Source: Extra Space Storage, How Will Health Care Reform Affect Self Storage Companies