September 26, 2005 |
Posted By Diane Pfadenhauer |
Stats for Benefits Planning
This is the time of year when employers are considering what to charge employees for health insurance. This article references a study recently released by the Bureau of Labor Statistics on the subject and provides an email where a summary of the study can be obtained. Some of the findings:
- Employee contributions averaged $68.96 a month for single coverage and $273.03 a month for family coverage.
- Employer contributions for single coverage averaged $252.22 a month, while employer contributions for family coverage averaged $575.77 a month.
- Twenty-one percent of employees participated in defined benefit retirement plans, and 42% participated in defined contribution plans.
- Paid leave was the most commonly provided employee benefit in the private sector. This includes paid holidays and vacations, which were available to 77% of employees nationwide. Paid jury leave also was common, available to 69% of workers. Forty-eight percent of private employers offered paid military leave benefits.