Fewer Smaller Firms offer Health Care

Pretty good article in today’s USA Today – it appears that fewer smaller firms (under 200 employees) are offering their employees health care benefits.  The statistic is 61% down from 63% in 2006.  If you are interviewing with a small firm, make sure you ask detailed questions about benefits.  The cost of offering health benefits to employees has long been the number one challenge for small firms.  I researched the issue a bit more this morning and found that firms with under 10 employees offer health benefits in 48% of cases – so that small group is likely pulling the overall number down a bit.

This Kaiser study stated that premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007.  So costs to employers and employees continue to rise.

As a transitioning service member, or even someone who has been out in the business world already, this same Kaiser study states that, "…workers on average pay 16 percent of the overall premiums for single coverage and 28 percent for family coverage – shares that have remained relatively stable over the past years."  So you will pay more than 1/4 of the premium for your family – the study reports that "The average premium for family coverage in 2007 is $12,106, and workers on average now pay $3,281 out of their paychecks to cover their share of the cost of a family policy."

A lot to think about as you are interviewing and considering offers….let me know what your experience has been.

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