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#157380 - 10/25/05 03:47 PM Employee health coverage
Redsy Offline
Member

Registered: 03/28/01
Posts: 2138
Loc: Bucks County PA
For a healthy person or family, individual health coverage is about 75% the cost of group coverage.
If I were to hire an (healthy) employee, would an insurance company have any issue with me just paying his (individual) premium? How about on a company check?
I would rather pay it myself, as opposed to paying him the additional wages and having him pay it.

Thanks.

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#157381 - 10/26/05 06:26 PM Re: Employee health coverage
Electric Eagle Offline
Member

Registered: 04/20/02
Posts: 928
Loc: Alpharetta, GA
Redsy,
This shouldn't be a problem. You can just buy the policy for him, have the bill sent to you and pay it with pretax dollars. Just keep in mind when it comes insurance many states will force you to do the same for all employees.

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#157382 - 10/27/05 04:07 AM Re: Employee health coverage
Redsy Offline
Member

Registered: 03/28/01
Posts: 2138
Loc: Bucks County PA
Thanks for the input EE.

I am afraid they might look at it as a "back-door" approach to lower premiums.

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#157383 - 10/28/05 09:27 PM Re: Employee health coverage
Redsy Offline
Member

Registered: 03/28/01
Posts: 2138
Loc: Bucks County PA
Thanks, Les.

I'm more concerned about the reduced premium than the deduction. It is about $115.00 versus $275.00/ month. I'm only hiring one employee, but I wonder if the insurance company has a problem with the idea.

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