- 656
A Fortune article about employer-paid health insurance fading away points out that only 9% of employers are still paying 100% of employee health insurance costs, down from a peak of 34% in 2001.
From the article:
The share of Fortune’s best companies that still pay for 100% of employee’s healthcare has dropped to 9% this year from a peak of 34% in 2001. That big drop represents a broader workplace trend — employees are covering more of their health insurance premiums than in previous years. Workers with employer-sponsored health plans now contribute an average of 18% of the premium for single coverage and 29% of the premium for family coverage, according to a study by the Henry J. Kaiser Family Foundation…
The article goes on to say that ditching fully paid health insurance also allows employers to tailor overall benefits to each employee better. Companies are trying to individualize their benefits -instead of giving a benefit that’s really valuable to one person but not another, they’re really trying to “narrow it in.”
…Individualizing a worker’s pay package, including benefits, allows companies to link renumeration more closely to employee productivity, the article says.
The Number of Employers Offering Fully-Paid Health Care Is Plummeting - Fortune
From the article:
The share of Fortune’s best companies that still pay for 100% of employee’s healthcare has dropped to 9% this year from a peak of 34% in 2001. That big drop represents a broader workplace trend — employees are covering more of their health insurance premiums than in previous years. Workers with employer-sponsored health plans now contribute an average of 18% of the premium for single coverage and 29% of the premium for family coverage, according to a study by the Henry J. Kaiser Family Foundation…
The article goes on to say that ditching fully paid health insurance also allows employers to tailor overall benefits to each employee better. Companies are trying to individualize their benefits -instead of giving a benefit that’s really valuable to one person but not another, they’re really trying to “narrow it in.”
…Individualizing a worker’s pay package, including benefits, allows companies to link renumeration more closely to employee productivity, the article says.
The Number of Employers Offering Fully-Paid Health Care Is Plummeting - Fortune