Merritt Engineering, Inc. - 2022 Healthcare Plan Annual Rates
DEDUCTIBLE (annual)
ONLY FAMILY $5,286.48
Notes on Columns:
- Assume annual wages are the total for annual income.
- County is Monroe.
- Assume no one uses tobacco, and no health insurance is available from a spouse.
- Assume all adults are age 25 years and all kids are age 5 years.
Look on the ACA exchange options and find the annual premium of the closest plan (in terms of deductibles and coinsurance).
Multiply column J with the income in column D. If they get no protection from the marketplace, they must pay the full premium listed in the ACA exchange options.
On neL, how much do they gain financially if Merritt drops health insurance and gives the workers the equivalent of premiums in wages? Look for an option that seems close to Merritt health plan on deductible and cost sharing.
Merritt Engineering, Inc. - 2022 Healthcare Plan Annual Rates
DEDUCTIBLE (annual)
Single: $1,500
Family: $4,500
COINSURANCE
20% paid by enrollee after deductible
MAX OUT OF POCKET (annual)
Single: $5,000
Family: $10,000
TOTAL ANNUAL PREMIUM - all paid by the employer
EMPLOYEE ONLY FAMILY $5,286.48
Notes on Columns:
- Assume annual wages are the total for annual income.
- County is Monroe.
- Assume no one uses tobacco, and no health insurance is available from a spouse.
- Assume all adults are age 25 years and all kids are age 5 years.
Look on the ACA exchange options and find the annual premium of the closest plan (in terms of deductibles and coinsurance).
Multiply column J with the income in column D. If they get no protection from the marketplace, they must pay the full premium listed in the ACA exchange options.
On neL, how much do they gain financially if Merritt drops health insurance and gives the workers the equivalent of premiums in wages? Look for an option that seems close to Merritt health plan on deductible and cost sharing.