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:10/13/2017)... Abilene, Texas (PRWEB) , ... October 13, 2017 , ... ... publication this week that explains one of the most popular and least understood books ... seems like cryptic and puzzling descriptions that have baffled scholars for centuries. Many have ...
(Date:10/13/2017)... ... 13, 2017 , ... “America On The Brink”: the Christian history of the ... is the creation of published author, William Nowers. Captain Nowers and his wife, ... he spent thirty years in the Navy. Following his career as a naval ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... to meet the demand of today’s consumer and regulatory authorities worldwide. From Children’s ... experts and tested to meet the highest standard. , These products are ...
(Date:10/12/2017)... ... 2017 , ... Information about the technology: , Otomagnetics has ... prevention of a major side effect of chemotherapy in children. Cisplatin and carboplatin ... cisplatin, hearing loss is FDA listed on-label as a dose limiting toxicity. Hearing ...
(Date:10/12/2017)... ... October 12, 2017 , ... On Saturday, October 21, the Health ... Miles by Moonlight to raise money for the American Heart Association Heart Walk. Teams ... Teams will work together to keep their treadmills moving for 5 hours. Treadmills will ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2, 2017 The Rebound mobile app is poised ... reverse the tide of prescription drug addiction. The app empowers ... intake and stepping down their dosage in a safe, controlled ... December 2017; the first 100,000 people to sign up will ... http://www.rebound-solution.com/ ...
(Date:9/27/2017)... and NEW YORK , Sept. 27, 2017 ... mobile health and big data solutions, today announced that its MyDario product ... check your local TV listings for when The Dr. Oz Show airs ... The ... this month. ...
(Date:9/22/2017)... 2017  As the latest Obamacare repeal effort moves ... (R-LA) and Lindsey Graham (R-SC) medical ... device industry is in an odd place.  The industry ... excise tax on medical device sales passed along with ... patients, increased visits and hospital customers with the funding ...
Breaking Medicine Technology: