Is it very costly for small companies to provide insurance for their employees? we get no health insurance?

I work for a investment company but I work for one of their branches and we have no type of insurance of any type. why?

It's based on average age and health. If the average age is 40, and there are some health issues, it could EASILY be $500 per employee, per month.

If the employee wants to cover their whole family, that runs $1,000 a month per family, sometimes more.

yes ; for me with no dependents about 550.00 a month; you can get insurance with high deductible which is cheaper , maybe around 180.00/month so that if you are hospitalized you don't get saddled with outrageous bill; you can get 2500 deductible. This digs into corporate profit

Yes, sadly, it is costly. Insurance companies are the cause of the worst problems with Americans being uninsured. Their greed is unprecedented.

You and your co-workers might consider making a suggestion to your employer that you would be willing to pay for 1/2 of the insurance premium.

First research on line the cost of insurance. And forward the cost of the various insurances to your employer.

YOu will find that there is affordable insurance but you have to search for it. Try blue cross/blue shield. Also if you choose services you feel will be best that helps control costs.

Good luck.

First question is, if insurance is provided, dpending on the type of insurance, it could be ~ 20% or more of salary topay for the insurance and administer it. if that is "expensive" or not is a judgment call. some businesses do it, and some don't. some pay part while the employee pays part.

As to why no one at *your* company has it, I would asy it is because the company can apparently hire the workers it needs without providing the benefit. Only you and your coworkers can change that.

Good luck!

Health insurance is very costly. Could be nobody every asked about it, so ask the boss. If the company is fairly large they should be able to offer some type of plan for their employees. If they have multiple offices they must be a larger company. It is possible to buy health insurance for yourself and in some states it is even less expensive than going thru a company plan.

it is very very costly for small companies to provide health insurance to there employees. that's why

If your branch is owned independently from the parent company then yes this is probably the case. In order to get a lower price companies need more people/employees to buy into the plan.

If it is an independent branch, then that's fairly normal--it's up to the branch to provide group insurance if they choose. If it's not an independent branch, you could always ask if there is a possibility of being added to the parent company's plan-sometimes, it just takes asking.

Insurance is a huge expense for employers, and it only gets worse with each passing year. If your branch is an independent branch, and you have more than 5 employees, you might do some research into HSAs, which work in conjunction with high deductible health plans. That might be something that could be affordable for the employer. Depending on your state, you could look at MEWAs, which are a vehicle for smaller companies to offer a group plan for employees. Your employer may also offer to pay a portion of the premium for independent plans for each employee.

Good luck! I know how tough it is to be without insurance.

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The average premium for a family under a small group plan is just over $1,000 a month. That's why many small businesses do not offer employer-sponsored health plans. You can get an individual health insurance plan for much less than the small group rates, if you are healthy. Check with a local health insurance broker.

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