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Opting for Insurance vs. Receiving Benefit Pay

KathyAKathyA 29 Posts
in Benefits & Leave Vote Up0Vote Down
Our small (65 employees) non-profit Association has always given our employees the choice of using an allotment of $394 per month for pre-tax insurance programs or as an after-tax cash benefit. Our premiums have sky rocketed and we are being forced to only offer the money to those employees who take our insurance (thereby increasing our participating, and hopefully decreasing our rates). Naturally, a lot of people are upset about not receiving the after-tax cash benefit any longer (those that are able to get insurance through their spouse). Can anyone offer any suggestions or other options to help with this? Thank you.
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