Insurance

Aletha · August 2002

I would like to know from employers what they're asking salaried employees to pay or percentage for insurance benefits. Employee vs. Employer (cost sharing)

Our benefits include medical and dental insurance combined.

Here is our breakdown:

The full cost of insurance = 236.00 for individual, 609.00 for family
Our employees pay = 63.76 for individual, 350.12 for family

I appreciate all who responds.

Aletha Pickett
Corp Admin Mgr
[email]aletha@personnelstaffing.com[/email]

NaeNae55 · August 2002

Your costs are going to be closely associated with the size of your company and utilization history (if you have had several seriously ill people in the last year or two, especially if the costs are expected to continue, etc ). Without knowing the size of your organization, industry, etc, it will be hard to compare notes. However, just to do my part I'll tell you that we handle exempt and non-exempt the same when it comes to insurance benefits. For health and dental, the employee pays approximately 35% of the premium. We make no distinction for single/family coverage.

tpace · August 2002

We pay 80% of the employees cost for group health; employees are 100% responsible for dependent coverage. We are a small company w/ 24 employees and our rates have increased significantly every year. We currently pay approximately $90,000 a year in premiums and only have two employees who have any type of dependent coverage; therefore, the company is paying over $68,000 a year.

wire manufacturer · August 2002

We are a small company with 60 to 100 employees. We have just changed our insurance program because of costs. We used to pay 70% of the employees insurance and 65% of the dependents. Now we pay 65% of employees & 60% of dependents. We still have ee complaining about the cost until they see in black and white what it would cost if they had to pay it 100% on their own, this doesn't stop the complaining altogether but it does help minimize.

Lori B · August 2002

We have approx 500 ees. We pay roughly 80% of HMO health premium and 75% of PPO health premium. There is a sliding scale so that ee picks up slightly more of cost of family coverage is elected. Our health plan includes Rx and full vision. Dental is separate plan, 100% ee paid. We pick up first $50k in life and AD&D benefits for ees. Employees can buy up more at their cost. We also pick up LTD premium but ee purchases STD premium, if desired.

You may want to search this forum for more guidance. This topic has come up before.

Catherine · August 2002

All of our employees have a choice among plans. Depending on which of the five they choose, they may pay nothing at all. For all but the top plan, employee coverage only has no cost to the employee (the main difference between plans is the deductible; for the best it's $250, for the 2nd it's $300, and so forth).

The most an employee would ever pay is $145/month - that's for the very best plan and as many dependents as they want. If they choose the lowest plan, the employee can cover the employee and one dependant and still pay nothing.

There are no premiums for dental coverage for an employee, and dependent coverage is $17 (for all dependents).

Don D · August 2002

We have what I have found to be the most generous package in the area. For all salaried personnel, the entire family is covered with the health package at absolutely no cost. It's self-funded and includes health, dental and vision. Health deductible is only 250/750 max family with 1000 out of pocket cap, 80/20%. It's a ppo with basically every service provider in the area in the plan. No tricks or gimmicks, just a super benefit. This plus the dollar for dollar 6% 401k match might be part of the reason we have almost zero office turnover.

HR Beginner · October 2002

Wow, Don!
Sounds like a great insurance plan! Where can I get it for the ees at our agency?

sonny · October 2002

Our cost per employee is $275.50 per ee and we pay 100% for them and there is a choice of HMO or PPO. Employees can chose to add spouse only, children only or family. As you know the cost is going sky high and more and more low paid ee were struggling. We have just gone to a plan where the more you make, the more you pay for dependent coverage. WE pay 55% of lower pay grandes, 45% for middle and 35% for Director and up level.

Shari Turner · October 2002

We are a company with about 150 employees. Health insurance for employee
is $240.80 per month. Just this year our employee's started sharing
in the cost of their health insurance. It is offered through a cafeteria
plan(pre-tax)they pay $11.54 per pay perod(every two weeks). Employees
can add spouse, children or family at their expense. Our dental insurance
is also offered under the cafeteria plan. We also have STD, Life & ADD Insurance and a matching 401(k) plan. All employee's are offered the same
benefits with the exception of the Life & ADD our managers have a higher
dollar amount.

mrbill · October 2002

We offer 2 HMO plans, and we combine the 2 rates, and then the Company pays 70% of the blended cost of the 2 plans. Then we round up / down to a set dollar amount. The individual employee then pays the difference, which works out to be approx. 30% of the cost. In doing the allocation this way, we do not favor one plan over another.

Insurance

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