Log In  |  Register          Free Newsletter Subscription
Magazine Subscription
Email
Learn RSS

The Bottom Line   



Link This | Email this | Blog This | Comments (0)


Why Should I Offer Health Insurance and How Much Can I Ask Employees to Pay?

March 26, 2008

There are many benefits to providing health insurance to employees, including:

1)      Reducing the amount of taxes you and your employees pay

2)      Attracting and retaining high quality employees

3)      Reducing business disruptions and the costs associated with employee absenteeism and turnover.

 

How much can I get my employees to pay?

On average, small businesses pay 75-100% of the total insurance cost for their employees and nothing for their dependents (some organizations such as the military pay 0-50% for dependents). I’ve read that you can ask employees to pay more than 25% but before you do you need to make sure you comply with the regulations in your state. Employees pay whatever part of the premium you don't pay through payroll deductions. Each state, of course, has different laws limiting the amount an employee pays for an employer-provided insurance plan. Before asking an employee to pay contact a local health insurance agent. 


Posted by Shanu Singh Guliani on March 26, 2008 | Comments (0)


Email
Learn RSS



POST A COMMENT
Display Name or Registered Users Login Here.
Please restrict submissions to less than 7,000 characters (including any HTML formatting).

Change Image
Before submitting this form, please type the characters displayed above.
Note the letters are NOT case sensitive.

Advertisement

Advertisements



SPONSORED LINKS


About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Free Subscriptions   |   Affiliate Links
©2010 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy