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Your employer is not reducing your salary in order to pay for your health insurance; and
Your employer is allowing you to decide who you want to be your health care provider.
Health care insurance is overhead to business, which means that it comes out of your billable rate, a.k.a. "weighted rate." Any non-cash benefit you receive as an employee from your employer comes out of what your true value is worth to your employer.
In my business I let each employee know exactly what their billable hourly rate is the minute they begin work. If they want as much as possible, then I collect $5/hour overhead and they get the rest when I get paid by my client. If they want a guaranteed paycheck, whether I get paid or not, I collect $7.50/hour overhead. If they want health insurance, regardless of how many hours they work, I can offer Blue Cross and Blue Shield to them for $450/month through the National Association for the Self-Employed (NASE), and I collect nothing in overhead. The billable hourly rates range from $75 to $120 per hour, depending upon experience and specialty.
They can work as little (within reason) or as long as they like, but I only pay them for billable hours worked. So I have no time sheets, or leave slips, and there is no overtime or "holiday" pay.
The large corporation I work is confusing in the way it calculates hours and pay. I've never gotten into the specifics because it is not worth my time. For what it is worth: 300 hours per year is the minimum, and 1300 hours per year is the maximum you can work per year without qualifying for medical benefits.
They have their own system of what equals part-time/fill-time. I'm lost just trying to explain myself.
The large corporation I work is confusing in the way it calculates hours and pay. I've never gotten into the specifics because it is not worth my time. For what it is worth: 300 hours per year is the minimum, and 1300 hours per year is the maximum you can work per year without qualifying for medical benefits.
They have their own system of what equals part-time/fill-time. I'm lost just trying to explain myself.
That is one of the reasons why I like Medical Savings Accounts. The employee tells me how much of their money they want deposited into their account, and it does not cost me anything. It gives the employee the benefit of choosing their own health care provider, and it is tax exempt. Since it is their personal MSA, they can leave my employ and still remain insured. The best part is that there is no government involvement.
How much money is being wasted on this yet again.
There have been what, 10-12 lawsuits already and they were shot down.
For the tax $$ involved, the damn thing could be entirely paid for.
The Rs did the same thing to Clinton (see Starr), at the cost of how much to the taxpayer?
Don't talk fiscal responsibility to me when you pull this garbage.
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