Dezi Bennett - Health Insurance Advisor
If you could have low premiums and ZERO deductibles and ZERO Co-pays because you were healthy, why wouldn't you?
09/25/2018
Are you overlooking the real value of your benefits when you think about your compensation? Probably. According to the Bureau of Labor Statistics, benefits accounted for about 32% of employer costs of compensation for U.S. workers in June 2018, with salary making up the other 68%.
When you look at those numbers, in essence, you’d have to earn nearly twice as much as the premium costs to pay for that insurance on your own after taxes.
Think of it this way: if you were self-employed, you’d have to earn more than 50% more per hour to pay your own benefits costs plus the employer’s share of F**A taxes (Social Security and Medicare). That’s assuming you could get similar pricing on insurance, which is unlikely.
How Much Are Your Benefits Really Worth? While you’re making decisions about your health insurance and other employee benefits for the upcoming year during this open enrollment season, I invite you to take some time to calculate and appreciate their value.
09/21/2018
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