Quote:
Originally posted by johnkeegan
We basically figure out the yearly employee's share of the health insurance, divide it by 35 and take that amount out of the person's pay for 35 weeks, which is approximately the number of weeks worked.
...and a question for Matt. It sounds as if you pay for family health insurance and only ask for the employee's to kick in about $500/year (plus a portion when laid off). Around here a family plan would cost around $10K per year. That would be a budget buster for me. I'd have to drastically cut my pay rates to fit that in. Or is health insurance that much cheaper in PA.?
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No, actually health insurance in PA is extremely expensive. I may have not been clear in my earlier post. We cover the employee only for $15 per paycheck. The family portion is covered by the employee entirely at this point. I have weighed the option of helping with the family, however some of my team does not have families yet and I don't think its fair to cover some and not others.
I would love to cover everybody, because I feel it is very important in getting overall health cost down, it just is not feasible at this time.