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:6/26/2016)... ... ... Quality metrics are proliferating in cancer care, and are derived from many ... the beholder, according to experts who offered insights and commentary in the current issue ... the full issue, click here . , For the American Society of Clinical ...
(Date:6/26/2016)... , ... June 26, 2016 , ... PawPaws brand ... new product that was developed to enhance the health of felines. The formula is ... The two main herbs in the PawPaws Cat Kidney Support Supplement Soft ...
(Date:6/25/2016)... ... June 25, 2016 , ... ... and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes ... important health care topics including advance care planning, healthcare costs and patient and ...
(Date:6/25/2016)... California (PRWEB) , ... June 25, 2016 , ... "With ... fit their specific project," said Christina Austin - CEO of Pixel Film Studios. ... customizable and all within Final Cut Pro X . Simply select a ProHand ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson has dedicated ... has implemented orthobiologic procedures as a method for treating his patients. The procedure ... doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons use to ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016 Research and Markets ... for Companion Diagnostic Tests" report to their offering. ... Companion Diagnostics The World Market for Companion ... medicine diagnostics. Market analysis in the report includes the following: ... (In Vitro Diagnostic Kits) by Region (N. America, EU, ROW), ...
(Date:6/24/2016)... , June 24, 2016  Arkis BioSciences, a ... invasive and more durable cerebrospinal fluid treatments, today ... The Series-A funding is led by Innova Memphis, ... and other private investors.  Arkis, new financing will ... and the market release of its in-licensed Endexo® ...
(Date:6/23/2016)... June 23, 2016 Research and ... Excipients Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), ... Topical, Coating, Parenteral) - Global Forecast to 2021" ... The global pharmaceutical excipients market is projected ... CAGR of 6.1% in the forecast period 2016 to ...
Breaking Medicine Technology: