Cost of benefits (insurance, etc)

[James Bond]

I was offered a contract job that I am considering taking. They offered me slightly less than what I had hoped, and the employment would not include benefits.

I'm going to give a counteroffer, and was wondering how much benefits would cost for a 6 month period. Anyone know?

 

[Titan]

a damn lot.

 

[spidey07]

Depends on the benefits. What kind of benefits? Generally you can add 10% if you don't have insurance, retirement, short-term, long-term, etc.

 

[SunnyD]

Quite a bit. Individual non-group rate insurance is generally 3-4x more than a typical company's average group rate (that's total premium, not individual contribution).

Hence, if working for company A your out-of check premium was say $100/month, that means $200/month group rate * 4x individual rate, you're looking at probably $800/month if you were to pay the entire plan out of pocket yourself. Do you have $9,600 to spare?

Something more reasonable I would say count about $5,000-$6,000 for health insurance costs for an average plan. Individually, it will likely be somewhat worse coverage than a company health care plan, but you never know.

 

[ElFenix]

why don't you call... i don't know... an insurance agent?

don't forget you have to pay both halves of social security and medicare

 

[James Bond]

Thanks for the responses - just what I needed to know

 

[tw1164]

I pay $75/mth for health insurance (family of 4) and my employer pays $730/mth.