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Small business owners / employers, how much does your company contribute toward each employee/dependent medical insurance? Just curious what the trend is (if there is one). E.g. Do you pay 50%, 75%, 100% of medical premium? Or, do you offer a flat dollar amount per month? Do you pay for dependent coverage (spouse and/or kids)? If so, what percentage of dependent coverage is paid?
I realize that this is highly variable with type of business, employee, insurance, employee's total compensation package, etc.
In our consulting business, we pay 100% of premiums (medical, dental, vision, ltc, etc). We have more contractors than employees, however.
In our preschools, we pay 75%. This is mandated by the franchiser (who also provides us with group plans). The employees have several different options to choose from.
In our consulting business, we pay 100% of premiums (medical, dental, vision, ltc, etc). We have more contractors than employees, however.
In our preschools, we pay 75%. This is mandated by the franchiser (who also provides us with group plans). The employees have several different options to choose from.
Thank you for the info. I am paying 100% of the premium for HMO (they pay addtnl for PPO upgrade). I also offer an additional (though small) flat dollar amt for dependent coverage. However, the employees (good and long-term employees) are starting to marry, have kids, and I'm getting requests for addntl. dependent spouse/child coverage. I want to keep/attract good employees while keeping costs down of course. Trying to figure out what is an acceptable contribution amt. in the market.
Our company isn;t a small business, but our insorance coverage is something we are now seeing other businesses starting to look at or do.
Our company pays 100% of the medical premiums for an employee. They pay nothing for dependent coverage. Dependent covergae is made available under the group plan, but the subsidy is $0. After several plans over the decades, this is the version that has been the most widely accepted by the employees and last year, they voted to continue it with no changes. They looked at various subsady levels and in the end, any subsidized coverage for dependents penalized single people and that was unacceptable so what we have now was the only fair way they could come up with short of paying the single people extra for not having more coverage.
Our company isn;t a small business, but our insorance coverage is something we are now seeing other businesses starting to look at or do.
Our company pays 100% of the medical premiums for an employee. They pay nothing for dependent coverage. Dependent covergae is made available under the group plan, but the subsidy is $0. After several plans over the decades, this is the version that has been the most widely accepted by the employees and last year, they voted to continue it with no changes. They looked at various subsady levels and in the end, any subsidized coverage for dependents penalized single people and that was unacceptable so what we have now was the only fair way they could come up with short of paying the single people extra for not having more coverage.
Thank you for your perspective... I do feel that offering more family/dependent care can be perceived as rather inequitable by the single employees. I am thinking of offering an additional flat dependent amount that would be returned to the single person as cash if unused. Maybe I will adjust the annual bonuses/raises to cover these addtnl benefit costs. Still trying to figure out how to handle this as well as how potential Obamacare may affect things. But that is a whole other topic...
We pay 50% of the employees health insurance (PPO)....and it's getting so high, I'm not sure how much longer we'll be able to do that. Small company with older employees....runs up the costs for everyone.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Our employer pays either 85 or 90% depending on whether we have fulfilled some health/fitness requirements. For 3 of us it runs me about $140/month, for medical, dental, vision and prescriptions.
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