Bailout Offers Some Relief to Unemployed, But Part-Time Staff Stand to Lose Insurance
Employers are cornered into making distressing decisions between providing health care benefits to workers and staying in business during a recession, say experts.
Employers are cornered into making distressing decisions between providing health care benefits to workers and staying in business during a recession, say experts.
“Employers are cutting benefits for part-time employees,” says John Beyer, owner of AMS Benefits Insurance Services, an insurance broker. “We are definitely seeing employers require increased employee participation in the monthly premiums.”
Though insurance lines have decreased in premium price, health care rates are rising, in turn causing reduction in staff for employers and loss of benefits for employees and their dependents.
He adds that health insurance premiums were a source of concern even before the downturn.
To help you find better cost solutions for your company:
http://www.amsinsure.com/ or 800-334-7875
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