Higher Paid Employees Pay More Health Care Costs Than Lower Paid Workers
Posted Nov 10 2010 2:19pm
A ccording to the New York Times, in an effort to offer relief to lower paid employees, some companies are introducing a tiered system to pass the bulk of health care costs to higher salary employees.
The employee portion of premium payments, as well as deductibles, have increased for years. Now with heath care costs going even higher, many companies are passing on part, if not all, of the increases to employees even though their incomes have not risen as much.
Since 2005, wages have increased 18% but employee contributions to health care premiums have risen to 47% (almost twice as much as the overall cost of the policy.)
Currently, the average employee share of a family policy is $4,000.
Dr. Marc Tinsley is a health, fitness, and wellness expert who works with organizations who want to stop losing money and be more productive by taking better care of themselves and their members. He takes the fear, difficulty, mystery, and confusion out of health, wellness, and fitness with keynotes, breakouts, workshops, in-services, teleseminars, webinars, coaching, and consulting.