Wednesday, September 23, 2009

Health Tip of the Week: September 21, 2009

SUBJECT: Dependent care coverage under employer sponsored Group Medical Plans

Most employers contribute towards the cost of dependent coverage on behalf of their employees. When spouses are eligible for coverage under their employers plan, a decision must be made about which plan(s) to join. Usually the family elects to join the plan which provides the most comprehensive coverage with the least required employee contribution. This election rewards the employer with the lesser coverage and higher employee contribution requirement.

Employers providing the better coverage can protect themselves from the above by amending their plans to prohibit coverage for dependent spouses when they are eligible for coverage from their own employer. Estimated cost savings are the difference between single and family coverage which can be as much as $1,000 per month per employee!!

Visit the website to learn more about savings on dependent coverage.

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