Average Costs
Employers cost to pay for single coverage averages about $5800 per employee That means for an employee who is paid 52 times per year, the employer pays $112 per check towards their health care Employees pay only $18.55 per check towards this coverage Without being in an employer plan, the average cost is between $350-$450 per month
Health care means more money in your pocket (On average of $290-$340) Getting check-ups means they are keeping you healthy YOU are an investment Health costs are the number one reason for personal bankruptcies in the US
Employers cost to pay for family coverage averages about $16,000 per employee That means for an employee who is paid 52 times per year, the employer pays $308 per check towards their health care Employees pay only $83.60 per check towards this coverage Without being in an employer plan, the average cost is between $1200-$1400 per month
If you earn $40,000 per year ($32,400 after taxes), you weekly take home would be $623 $623 per week times 4 weeks in a month would be $2492 If you had a mortgage or rent payment of $800, utility bills of $150, cable/phone/internet of $100, cell phone of $60 that would total $1110, leaving you $1382.
$1382 then you may need to take out a car payment of about $352 leaving you with $1030 You will need to buy gas weekly, groceries and you may have other expenses. That may cost you about $100 or more, leaving you with $930 If you have student loans, expect to pay another $200-$300 or more, leaving you with about $730
$730 may sound great, but what about savings and retirement? Most of you will need to put about $230-$300 of that into retirement, leaving you with about $500 If you save 10% of your monthly income, that will cost you about $250, leaving you with about $250 That Heath Care benefit is looking better each minute, isn't it?
2 work related 2 personal Work related is based on your skills (Classroom, work, or anything where someone can discuss your work ethic) Personal letters are about your character (Honest, trustworthy or anything where a person can say you are someone they can honestly say they trust) NO family