Health care benefits

[79LilRedExpress]

I was wondering what other dealerships are offering in the way of Heath Care benefits for their employees.

Offer benefits
Yes or no...

If yes:

% of Cost paid.
Employee or family
Co-op / Deductible

If no...
Compensation and how much.
Do you have a waiver signed.
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Opinion of how Obama-care will effect our industry

Other comments or concerns?

[possum]

We still pay 100% of the premium for ALL employees, thay can add kids if they choose.

Our plan is a zero deductible, with meds paid. Office co-pay of $35.

[Txflyer]

We pay 100% of premium for ALL employess, family members added at their own expense.

Our plan has a $3000 ded, 80/20 until stoploss is met. $30 Office co-pay and includes an RX plan.

[lsx only]

100 preminum with a 5k ded

[CarguyCO]

They pay half....
costs me over 600 per month for myself/wife/2kids....
Insurance saved me 50k last year for wife's emergency appendectomy...cost me 2100 instead of 50k....

glad to have something.....

[XDCX]

Great thread - thanks 79LilRedExpress for starting it.

Concerning the Obama Health Care Plan, I think it's still anyone's guess how it will impact small business owners. As I recall, even the NADA didn't have an opinion on the legislation when it passed.

[CJDman]

We pay 100% for employees. Kids and spouse are extra. Three plans to choose from. HMO with zero deductible to IPO with $2700 ded.

[ohiobuckeyes]

My dealer owner pays 100% of the Employee and Family. Employee has to pay $30 (single) $60 (family), each paycheck. We have a $20.00 Co-Pay at the Docs office. (In 2009 the co-pay was $10.00) RX is $15, $30, $60.

When I first started at the dealership I did not elect the program had to sign waiver company paid my additional $50.00 a month which was the SEC 125 payment at the time for a Single Person.

I think our total payment for the plan is around $21,000.00 a month for the whole dealership. This is the ONLY benefit we offer (90 Days). No 401K, Demo, Dental or Eyes plans. I know that most of the employees would not be working for our dealership if we had to pay out of pocket for the plan.

[79LilRedExpress]

Thanks for the info... Hopefully this thread will continue for awhile and we can get an idea of our industry's standard.

The Obama-care, I must admit, has me a bit concerned.

[Kitfox]

We pay 50% of single, single & spouse or family, whichever applies. $3000 ded. Family runs about $1200 @ month right now. I'm no expert but my interpretation of the Obamacare is that it will cost us less at first until everyone is out of their private plans and then hang on!

[dafuzz1956]

We pay 50% plus co-pay, cost me about $700.00 mo for family plan w/dental and eye.

[79LilRedExpress]

Any good links out there that would some up Obama's pkg in relation to how it would affect us?
What would happen if we didn't offer any plans at all to our employees at the time of the Obama-care inception?

[XDCX]

Originally Posted by 79LilRedExpress

Any good links out there that would some up Obama's pkg in relation to how it would affect us?

I found some links that do a good job of simplifying the health care issues for small business owners. Here are the links:

• Health Care Reform Simplified for Business Owners - click here
• 10 Questions and Answers About how Health Care Reform Will Affect Your Business - click here
• Yearly Time-line for Heath Care Reform Changes - click here

Originally Posted by 79LilRedExpress

What would happen if we didn't offer any plans at all to our employees at the time of the Obama-care inception?

As I understand it, worse case scenario is a $2,000 fine per employee if you have more than 50 employees. The first 30 employees are exempt from the fine - so if you had 52 employees, you'd be assessed a fine of $2,000 x 22 employees = $44,000. The fines start in 2014.

Based on what I've read it appears the new laws will SAVE money for small business owners by allowing them to take advantage of tax credits.

My fear, however, is that this program will be like Social Security and the government will have to keep increasing taxes to pay for it. What Social Security started as and what it is today are two totally different programs.

[79LilRedExpress]

Thanks X.

[XDCX]

Originally Posted by 79LilRedExpress

Thanks X.

No problem.

In fact, I'm glad you asked the question because I feel like I'm much more informed after reading the three articles above.

I had to laugh when I read there were special rules for Fast Food and Tanning Salon owners as part of the Health Care legislation. Where would we be without the Federal Government looking out for us....?