Dental Benefits
tpace
31 Posts
Hi Everyone,
Do you offer dental benefits, and if so, what percentage if any does your company pay for coverage.
My company has 25 employees.
Thank you, Tina
Do you offer dental benefits, and if so, what percentage if any does your company pay for coverage.
My company has 25 employees.
Thank you, Tina
Comments
For a small company, it is difficult to add additional benefits such as dental when we continuously have to reduce our group health benefits to maintain affordable premiums.
Otherwise, all optional benefits are paid by the EE. This includes STD, LTD, three or four AFLAC products, a 403(b) plan, and FSA.
Your company offer a great benefit package. If we paid on health what you are paying we would pay close to $125,000 a year for the group health alone. Do you offset your salaries because of the benefits. Not including the three top executives in my company, the average annual salary for the remaining 22 employees is over $36k. I personally feel that my company offers great benefits, we pay 80% of employees health coverage, we match 401k contributions 50% up to 6%, employees get 64 hours personal time a year, plus one week vacation after one year, two weeks after two, 3 weeks after five, and 4 weeks after 10. Additionally, employees are given company stock at no cost to them (one month avg salary per year for the first three years).
Thanks for the information.
Tina
Yes we do have excellent benefits. We are a fire dept. and the BOD feels it is important to take care of the ff's. Our estimated health cost for '05 is $300,000, dental is $35,000 and vision is 10,000. We also pay for 3 different life insurances. The District also pays 8% retirement for the ff's and 4% for us in Admin. We also get 2 1/2 weeks vac, 2 personal days, 2 1/2 wks sick leave.
Salaries are not adjusted due to the health costs. Although our salaries are lower than the average for the metro area. Salaries are projected to increase 6 - 10% a year for the next 3 years to bring us more in line with the average. Our avg salary (not including senior staff) is about $38,000
Mary
We will probably move to a straight percentage next year to keep it simple. I'm not sure yet what the percentage will be, but it will be the same for full time and part-time staff.
Cheryl C.