Health Insurance: What is typical health insurance offered by employers in the USA

What is typical health insurance offered by employers in the USA?
The small company I work for will pay for only 70% of the cost of health insurance. If I were single, they would pay 80%, but because I am married they would pay only 70% of a family policy. Moreover,

I would have to go out and obtain the policy myself, pay the full premium every month, and then have the 70% added to my pay. Can anyone tell me if this is typical or is my employer providing less than is customary? Am I correct in thinking he's a cheap b*st*rd?
Insurance - 8 Answers
Random Answers, Critics, Comments, Opinions :
1 :
there is no typical. each does their own thing. your provider does not have to offer any insurance.
2 :
There is no typical health insurance benefit plan. The employer is under no obligation to provide any health insurance and smaller companies often don't offer health insurance benefits. Paying 70% of the cost to insure your family is actually quite generous. I would agree that it is not typical to have to get the insurance yourself and then have the reimbursement added to your salary. A group insurance arrangement would be much better. Your employer could surely lower the total premiums they pay and you would not have to add the taxable additional compensation to your salary.
3 :
If they choose to reimburse you for your medical costs that is better than nothing. The employer can choose to do that.
4 :
That is much more than customary. Many small companies (and some large ones) provide nothing. The employers that do provide anything customarily provide married employees only with 50-80% of what individual (single) coverage would cost, so the employees have to pay 20-50% of the cost of the coverage for the employee PLUS 100% of the cost of the coverage for the rest of the family. Almost no employers give the option to have the money added to your pay, and if they did add it to your pay, then you would be required to pay tax on it, so you would not have enough left after taxes to pay the full premium.
5 :
No, actually he's generous. You're selfish...and no, I'm not kidding. You should be thankful that they're contributing to your health plan at all. MANY small companies either don't provide it or provide it without contributing at all. Also, it's much cheaper to do individual plans over a group plan, so not only is he generous, but he's smart too. BUT, they should set it up as a reimbursement instead of including it in your pay. It costs him FICA and costs you FICA, state, and federal taxes. Many small companies will still deduct it as a health insurance expense. I have one client whose boss has them put the insurance on their expense reports.
6 :
If that is what they are offering take the money and run! Being an independent insurance agent I can tell you when I supply group plans to employers that it is a very lucky circumstance if the employer pays more than 50% for the employee and 0% for the dependents (spouse and children). That more and more seems to be the average. Very rarely would I seen any subsidy from an employer at that high of a rate.
7 :
health-quotes.isgreat.org - my family have this health insurance. It is affordable and has good coverage for dental issues.
8 :
Nothing it's 2010 companies are cutting corners like crazyWhat is typical health insurance offered by employers in the USA?
The small company I work for will pay for only 70% of the cost of health insurance. If I were single, they would pay 80%, but because I am married they would pay only 70% of a family policy. Moreover, I would have to go out and obtain the policy myself, pay the full premium every month, and then have the 70% added to my pay. Can anyone tell me if this is typical or is my employer providing less than is customary? Am I correct in thinking he's a cheap b*st*rd?
Insurance - 8 Answers
Random Answers, Critics, Comments, Opinions :
1 :
there is no typical. each does their own thing. your provider does not have to offer any insurance.
2 :
There is no typical health insurance benefit plan. The employer is under no obligation to provide any health insurance and smaller companies often don't offer health insurance benefits. Paying 70% of the cost to insure your family is actually quite generous. I would agree that it is not typical to have to get the insurance yourself and then have the reimbursement added to your salary. A group insurance arrangement would be much better. Your employer could surely lower the total premiums they pay and you would not have to add the taxable additional compensation to your salary.
3 :
If they choose to reimburse you for your medical costs that is better than nothing. The employer can choose to do that.
4 :
That is much more than customary. Many small companies (and some large ones) provide nothing. The employers that do provide anything customarily provide married employees only with 50-80% of what individual (single) coverage would cost, so the employees have to pay 20-50% of the cost of the coverage for the employee PLUS 100% of the cost of the coverage for the rest of the family. Almost no employers give the option to have the money added to your pay, and if they did add it to your pay, then you would be required to pay tax on it, so you would not have enough left after taxes to pay the full premium.
5 :
No, actually he's generous. You're selfish...and no, I'm not kidding. You should be thankful that they're contributing to your health plan at all. MANY small companies either don't provide it or provide it without contributing at all. Also, it's much cheaper to do individual plans over a group plan, so not only is he generous, but he's smart too. BUT, they should set it up as a reimbursement instead of including it in your pay. It costs him FICA and costs you FICA, state, and federal taxes. Many small companies will still deduct it as a health insurance expense. I have one client whose boss has them put the insurance on their expense reports.
6 :
If that is what they are offering take the money and run! Being an independent insurance agent I can tell you when I supply group plans to employers that it is a very lucky circumstance if the employer pays more than 50% for the employee and 0% for the dependents (spouse and children). That more and more seems to be the average. Very rarely would I seen any subsidy from an employer at that high of a rate.
7 :
health-quotes.isgreat.org - my family have this health insurance. It is affordable and has good coverage for dental issues.
8 :
Nothing it's 2010 companies are cutting corners like crazyWhat is typical health insurance offered by employers in the USA?
The small company I work for will pay for only 70% of the cost of health insurance. If I were single, they would pay 80%, but because I am married they would pay only 70% of a family policy. Moreover, I would have to go out and obtain the policy myself, pay the full premium every month, and then have the 70% added to my pay. Can anyone tell me if this is typical or is my employer providing less than is customary? Am I correct in thinking he's a cheap b*st*rd?
Insurance - 8 Answers
Random Answers, Critics, Comments, Opinions :
1 :
there is no typical. each does their own thing. your provider does not have to offer any insurance.
2 :
There is no typical health insurance benefit plan. The employer is under no obligation to provide any health insurance and smaller companies often don't offer health insurance benefits. Paying 70% of the cost to insure your family is actually quite generous. I would agree that it is not typical to have to get the insurance yourself and then have the reimbursement added to your salary. A group insurance arrangement would be much better. Your employer could surely lower the total premiums they pay and you would not have to add the taxable additional compensation to your salary.
3 :
If they choose to reimburse you for your medical costs that is better than nothing. The employer can choose to do that.
4 :
That is much more than customary. Many small companies (and some large ones) provide nothing. The employers that do provide anything customarily provide married employees only with 50-80% of what individual (single) coverage would cost, so the employees have to pay 20-50% of the cost of the coverage for the employee PLUS 100% of the cost of the coverage for the rest of the family. Almost no employers give the option to have the money added to your pay, and if they did add it to your pay, then you would be required to pay tax on it, so you would not have enough left after taxes to pay the full premium.
5 :
No, actually he's generous. You're selfish...and no, I'm not kidding. You should be thankful that they're contributing to your health plan at all. MANY small companies either don't provide it or provide it without contributing at all. Also, it's much cheaper to do individual plans over a group plan, so not only is he generous, but he's smart too. BUT, they should set it up as a reimbursement instead of including it in your pay. It costs him FICA and costs you FICA, state, and federal taxes. Many small companies will still deduct it as a health insurance expense. I have one client whose boss has them put the insurance on their expense reports.
6 :
If that is what they are offering take the money and run! Being an independent insurance agent I can tell you when I supply group plans to employers that it is a very lucky circumstance if the employer pays more than 50% for the employee and 0% for the dependents (spouse and children). That more and more seems to be the average. Very rarely would I seen any subsidy from an employer at that high of a rate.
7 :
health-quotes.isgreat.org - my family have this health insurance. It is affordable and has good coverage for dental issues.
8 :
Nothing it's 2010 companies are cutting corners like crazy

Read more discussions :

Thursday, February 24, 2011

What is typical health insurance offered by employers in the USA