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Hewlett-Packard Company Message Board

  • unclefulbert unclefulbert Nov 9, 2010 3:00 PM Flag

    OT: tiered HC employee contributions

    It's about time:

    The concept of tiered plans is not new, with employers that typically offer generous benefits, like universities, being quicker to try it. General Electric, for example, has long divided its workforce into separate tiers to determine how much an employee has to contribute toward insurance coverage. “Employees who are higher paid can afford to pay more,” said a spokeswoman.

    This year, for example, employees at Bank of America who make $100,000 or more a year will pay at least 14 percent more for coverage for 2011. But workers who make less will actually see their contributions decrease, although their deductibles and co-payments will stay the same. Employees earning less than $50,000 could see as much as a 50 percent drop in the amount deducted from their paychecks, as compared to 2010. The bank says it is making up the difference.

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