�Total Number of Views: 64

TotalHRAccess�

Copyright � 2010. All rights reserved. Made by Group Coverage, Inc.  Terms & Conditions  | Privacy Policy  | Directions

Group Coverage, Inc, 55 W Ames Ct, Ste 400, Plainview, NY 11803
Phone: (877)GROUP-11 or (516)576-0007


15

 The Future in Human Resources      

  877-GROUP-11 or  516-576-0007      

Some Services provided by:

and affiliates

COVERAGE, Inc

Benefit Planning

Group Coverage, Inc. Has been designing benefit plans for more than 10 years.  Servicing over 500 groups both regionally and nationally, our staff has the experience to handle just about any issue facing employers and employees alike.  Our services include, but not limited to:  


Group benefits are plans designed to protect or enrich a company's most important asset, it's employees.  Our representatives examine all the aspects of your client�s needs and then make recommendations for the plans that offer the greatest value to the group.  


Our goal is to provide a full HR package that is both affordable to the organization and offers the greatest impact to its members. Offering value is our top priority.  


We can help design executive bonus, retirement, and profit sharing plans around the needs of your organization through many of our national affiliates.  The pension administration can be linked to our system offering seamless integration of information sharing.  

Statistics about employee benefits according to the BLS, July 28, 2009

Who has Medical Coverage?

More facts >>

What about Retirement Plans?


Sixty-seven percent of private industry employees had access to retirement benefits, compared with 90 percent of State and local government employees. Eighty-six percent of State and local government employees participated in a retirement plan, a significantly greater percentage than for private industry workers, at 51 percent. (See table 1.) The NCS has broadened the definition of access to retirement benefits. For more detail on this change, see the article in Compensation and Working Conditions Online at http://www.bls.gov/opub/cwc/cm20081219ar 01p1.htm.


According to the Bureau of Labor Statistics:


URL: EMPLOYEE BENEFITS IN THE UNITED STATES, MARCH 2009


Who Pays the Premium?  


Employers paid 82 percent of the cost of premiums for single coverage and 71 percent of the cost for family coverage, for workers participating in employer sponsored medical plans. The employer share for single coverage was greater in State and local government (90 percent) than in private industry (80 percent). For family coverage, the employer share of premiums was similar for private industry and State and local government, 70 and 73 percent, respectively. (See tables 3 and 4.)


According to the Bureau of Labor Statistics:


URL: EMPLOYEE BENEFITS IN THE UNITED STATES, MARCH 2009



While about 70 percent of workers in private industry had access to employer provided medical care benefits in March 2009, only 25 percent of the lowest wage earners -- those with average hourly wages in the lowest 10 percent of all private industry wages -- had such access, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. By contrast, nearly all workers with hourly wages in the highest 10 percent of all private industry wages had access to medical care benefits. (See table 2.) A worker with access to medical care benefits is defined as having an employer-provided medical plan available for use, regardless of the worker�s decision to enroll or participate in the plan. These data are from the National Compensation Survey (NCS), which provides comprehensive measures of occupation earnings, compensation cost trends, and incidence and provisions of employee benefit plans. Farm and private household workers, the self-employed, and Federal government workers are excluded from the survey.


According to the Bureau of Labor Statistics:


URL: EMPLOYEE BENEFITS IN THE UNITED STATES, MARCH 2009