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Employee contribution to Corporate Health plan

Last post February 3, 2012 05:18 AM by rammohan. 1 repiles.
February 3, 2012 05:17 AM 1
Total Posts: 9
Join Date: November 5, 2009
Rank: Beginner
Post Date: February 3, 2012
Posts: 9
Location: India

Employee contribution to Corporate Health plan

Our company has grown from 30 employees to 172 in a year. When we were at 30 employees we were more than comfortable with paying 100% of the Healthcare premiums for both our employees and their familys. It is time to change. We are moving toward requiring our employees to make a 25% contribution for families (employee only premiums will still be covered). Can anyone offer any suggestions around communication of this message. How should I expect the employees to respond?

Anyone have a memo that they've sent on this topic to their employees?

Nikhil

 
February 3, 2012 05:182
rammohan
Total Posts: 26
Join Date: November 5, 2009
Rank: Executive
Post Date: February 3, 2012
Points: 130
Location: India

Re: Employee contribution to Corporate Health plan

Dear Nikhil,

I think you should explain to employees that due to the rising healthcare / insurance costs, only employees and dependant spouse and children will be covered under insurance completely. However, it has become imperative that we require a contribution of 25% from employees towards the premium cost of parents as the insurance company has increased the overall premium considering our usage ratio (assuming this is what has happened). 

I think employees will understand this as they are aware of what individual insurance costs for parents outside of group mediclaim. They would be willing to pay up.
 
Ram
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