Re:Company Update
by zamfi on Friday January 18, 2019 @12:52PM
(#18941173)
This depends heavily on the age and wage of the employee. For a typical 20-something developer making $100k, the monthly cost for a good HMO might be peanuts at ~$300/mo., a mere 4% overhead.
But for the 60-year-old hourly line worker making $40k, whose wife and two kids are also covered by the plan (thanks union!), a good HMO might cost upwards of $2000/mo., an almost 50% overhead. [0]
But for the 60-year-old hourly line worker making $40k, whose wife and two kids are also covered by the plan (thanks union!), a good HMO might cost upwards of $2000/mo., an almost 50% overhead. [0]
For a PPO, the numbers would be even higher.
[0]: https://www.calchoice.com/FormPdfStreamer.aspx?FormId=6601&E...