or lower their salaries so the ins will be 9.5%
I hadn’t thought of that one :)
But it’s a real problem waiting to happen. I imagine they could buy a couple different types of policies, crummy ones, not so crummy ones, and good ones...then the more you make the better insurance you could afford.
Do I really believe the ACLU will sit quietly by and watch the $10 an hour employee get bad insurance when working at the same company of the higher paid employee who has a decent plan...that’s a lawsuit waiting to happen.
Like I said, we’ve always paid around $300 per month the company picks up the $900, the plan costs $1200 per month total. I think they do offer other options, but they all look to be around the same cost. The reason our cost has stayed pretty stable for the last few years, is each year deductibles edge up, certain benefits, physical therapy, for instance, is cut back, and out of pockets are more.
But an employee making $10 a hour makes approx. $21,000. 9.5% of that is $1995 per year, or around $166 per month, which would make the total cost of the policy $646 per month (if we’re working on the assumption that employee pays 1/4, company pays 3/4.) Wonder what kind of group insurance you get for $646 per month? I’m sure you can get a policy for that, I just imagine they’d have large deductibles and out of pocket expense.