Sentence examples for of total premium from inspiring English sources
Employees paid, on average, about 23 percent of total premium costs last year, and are expected to pay nearly a quarter in 2013, as companies take steps to control their costs.
The portion of total premium costs paid by employees for family coverage has held steady at 27percentt in recent years, but that doesn't include the higher deductibles and co-payments for prescription drugs and doctor visits that employers have established to offset rising costs.
Moreover, the introduction of the new Health Insurance Act induced strong price competition among health insurers, resulting in an overall loss of on average 1.5% of total premium revenues of basic insurance in the period 2006 2008 [ 6– 9].
Life insurance, which has been hardest hit by the financial crisis, still provides about 60% of total premiums.
While out-of-pocket costs are going up, the proportion of total premiums paid by workers out of their paychecks did not change in the last year, Kaiser said.
In 2003, employees will pay an average of 19percentt of total premiums for individual coverage, up from 17percentt in 2001, according to a survey of large employers released last week by Hewitt Associates, the benefits consulting firm.
One of the law's provisions is the small business health care tax credit, which allows businesses with fewer than 25 full-time employees that pay at least 50percentt of total premiums to qualify for a tax credit of up to 35percentt of their premium contributions.
That would be up from the current limit of 20 percent of the total premium.
According to Milliman's report, the total cost of $22,030 in 2013 is composed of a total premium for insurance coverage of $18,430, of which the employer is estimated to contribute $12,886 and the employee $5,544.
Among large employers (those with 500 employees or more), workers now pay an average of $342 a month for family coverage, or 32 percent of the total premium cost.
The combination of rewards and penalties, $2,600, is less than half of the total premium and is acceptable, if employees can avoid the surcharge by participating in a tobacco cessation program.
