How does your company structure the amount employees pay towards their health benefits?
I'm the benefits coordinator for a small (less than 20) company, and I'm currently trying to work out a plan for how much we cover/how much the employee pays when it comes to health insurance preimums. When we started we were all young and single, and now with families in the mix...things are getting expensive. I'm looking at doing a straight employee pays 75%/employee pays 25% for all single/employee + spouse/family, which works pretty well...until you get to family, which is four times as much as single rates, and are a serious chunk of change. I also considered doing we cover the employee, everyone else additional is for you to pay for...but again, that just seemed too much to make our employees pay, but after looking at a previous question
, maybe $600 a month really is the going rate?
Possible other good info: We will also be offering dental, vision, and probably life/long/short disability. These are all pocket change in comparison, so I'm not too worried about those, but would probably keep the matrix the same for dental/vision
So, my questions:
-How does your company structure things? Is it a % across the board?
- As a family, what do you anticipate paying for insurance per month? I know it will also depend on what type of coverage you are getting- right now we are looking at doing an HRA and a PPO, the HRA ($2,000 deductible) we would cover some of the deductible, and the PPO is pretty fantastic.
- How do you feel about it? What would you consider a fair matrix?
-While family is the biggest question in my mind, I would love to hear from singles/ employee+ spouses too on their rates.
- Is there any general numbers out there for this kind of thing? My google-fu failed me earlier, but I might not have had the right keywords.