Thirty-four percent of employees contribute 11-20 percent of their healthcare insurance premium, and another 28 percent of workers pay 21-30 percent of the premium for employee only coverage. As healthcare costs continue to rise, large and small employers alike will ask their employees to shoulder more of the burden.
Olathe, KS (HRMarketer/PRWeb) October 18, 2005 -- Eighty-eight percent of American workers contribute to their healthcare premiums. This is according to recently released Benefits USA, a study by Compdata Surveys of more than 5,000 employer-sponsored benefits plans covering more than 5.5 million American workers. The survey collects data on the type of benefits offered by companies across all industries and reports the prevalence and costs of such plans.
Thirty-four percent of employees contribute 11-20 percent of the premium, and another 28 percent of workers pay 21-30 perccent of the premium for employee only coverage.
As healthcare costs continue to rise, large and small employers alike will ask their employees to shoulder more of the burden. Forty-three percent of employers reported increasing the employee portion of the healthcare premium in the last year, and 33 percent increased deductible levels.
The survey results indicate fewer and fewer companies are paying the full premium. Over the last several years, the number of organizations who offer healthcare at no cost has decreased to the current rate of 11.6 percent who pay 100 percent of costs for their employees.
"Everyday we hear from the smallest of companies up to some of our nation’s most prominent employers who are researching the effects on their bottom line," says Amy Kaminski, manager of marketing programs for Compdata Surveys. "Whether the issue is about doing the best for their employees or simply trying to compete for talent, employers cannot afford to avoid this topic."
About Compdata Surveys:
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Annually, data is collected from thousands of organizations across 37 states. 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 Amy Kaminski at (800) 300-9570.
CONTACT INFORMATION:
Amy Kaminski
Manager of Marketing Programs
(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.
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