Navigation Links
Health Insurance Premium Costs High for Employers and Employees
Date:9/24/2008

The 2008 Compensation Data survey results found that 67.3 percent of organizations spend over $9,600 annually to cover an employee and their family.

Kansas City, Kan. (PRWEB) September 24, 2008 -- Despite lower premium increases, employers and employees continue to see high health insurance costs. The https://www.compdatasurveys.com/Products/?id=1 [2008 Compensation Data] survey results found that 67.3 percent of organizations spend over $9,600 annually to cover an employee and their family. At nearly half of the organizations surveyed, employees pay over $3,000 a year to do the same.

The cost of health insurance continues to be high for employers with most spending 10 percent of payroll on medical coverage. On employee only plans, the majority of employers pay between $201 and $400 per month. Those offering employee plus spouse or employee and children plans typically spend between $401 and $600 a month. Comparatively, nearly 70 percent spend over $800 monthly on employee plus family plans.

“Health insurance costs for employers continue to rise, particularly on employee plus family plans,” said Amy Kaminski, manager of marketing programs at Compdata Surveys. “In 2006, nearly 80 percent of employers paid over $450 per family. Now, 90.5 percent spend over $400 on family plans, and of those, 67.3 percent spend more than $800. ”

Premium costs remain high for employees, as well. For individuals who choose employee only coverage, over 40 percent pay $26 to $75 per month. However, nearly half of employees pay over $250 a month to provide health insurance coverage for their family. This means an employee earning $30,000 could spend 10 percent of his or her salary to provide family health insurance coverage.

About the Survey
Compensation Data 2008 contains data on 637 job titles ranging from entry-level to top executives. Information was collected from millions of employees across the country. The results provide a comprehensive summary of pay data, benefits information and pay practices with an effective date of March 1, 2008.

https://www.compdatasurveys.com/ [Compdata Surveys] is the nation’s leading compensation and benefits survey data provider. Data is collected annually from thousands of organizations across the country. Compdata Surveys has been providing accurate, reliable data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Lane Odle at (800) 300-9570.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.

For more information, contact:
Lane Odle
Product Marketing Manager
(800) 300-9570
lodle@compdatasurveys.com

###

Read the full story at http://www.prweb.com/releases/2008/09/prweb1376164.htm


'/>"/>
Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved

Related medicine news :

1. change:healthcare CEO Releases 'My Healthcare is Killing Me'
2. National Alliance for Healthy Communities Sponsors High Desert Health Summit on Friday, October 10th
3. ADA Asks Congress to Strengthen Medicaid Oral Health Programs
4. Kaiser Permanente and Veterans Affairs Preview Electronic Health Record Interoperability to Enable Better Health Care
5. Grubb & Ellis Healthcare REIT Acquires Oklahoma City Medical Portfolio
6. Improved healthfinder.gov Makes Health Information Quicker and Easier to Use
7. Satellite Healthcare Announces 2008 Norman S. Coplon Extramural Grants : Grants Foster Next-Generation Kidney Disease Researchers
8. John McCains Health Care Plan Based on Same Policies That Are Causing Wall Street Meltdown
9. Health Partners Uses Star Power to Reach Members
10. New Webcast Going for Gold to Educate on Importance of Healthy Diet In Persistent Chronic Pain Management
11. Blue Shield of California and NorthBay Healthcare Reach an Agreement
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... ... 08, 2016 , ... According to research by the National ... technicians to be certified or obtain continuing education. To increase patient awareness of ... Your Mouth?” campaign to inform dentists and patients about the possible lack of ...
(Date:2/7/2016)... ... February 07, 2016 , ... HealthSmart Holdings, Inc. announced today ... the tools and information to lower the costs, and increase the impact of ... providing employee healthcare benefits by as much as 22%:, + Price and ...
(Date:2/6/2016)... ... ... US Sports Camps is proud to sponsor the Bay Area Disc Association's ... leaders, ultimate organizations, and coaches from around the US. The theme for this year’s ... of Youth and Education, describes this year YUCC as “an important conversation we must ...
(Date:2/6/2016)... ... February 06, 2016 , ... ... eating disorder treatment helps to reduce the frequency and level of relapse. ... Phase: Re-Establishing Healthy Identity and Purpose,” will explore the critical tasks of the ...
(Date:2/5/2016)... ... 2016 , ... VeloReality President and co-founder Gary ... VR Indoor Trainer with multi-rider capability to an enthusiastic audience at the company's ... the weight of the unit, they also enhance the rider's experience with a ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... 2016 Vestagen Technical Textiles, Inc., a medical ... healthcare and other demanding applications, today announced it has ... replaces Dale Pfost , PhD, who was serving ... also joining Vestagen,s Board of Directors. ® ... barrier technologies that combines fluid repellent, antimicrobial and breathability ...
(Date:2/8/2016)... Ill. , Feb. 8, 2016  Astellas Pharma Inc. ... announced the promotion of James Robinson as president, ... company,s operations in North and South America ... Astellas Pharma US, representing the commercial organization in ... in 2013. Masao Yoshida , who is ...
(Date:2/8/2016)... , Feb. 8, 2016  CTI BioPharma Corp. ... Company received written communication from the U.S. Food and ... FDA has placed a partial clinical hold on the ... Drug ("IND") application for pacritinib. This clinical hold impacts ... the IND and will also affect planned clinical trials. ...
Breaking Medicine Technology: