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Majority of U.S. Workers Greatly Underestimate How Much Their Employer Contributes to Their Medical Insurance, According to MetLife Study.

Business Wire

| February 28, 2005 | COPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW YORK -- - Employers' Under-Communication Yields Under-Appreciation -

Despite the escalating cost of healthcare insurance, few employees understand the full and growing magnitude of their company's investment. More than one-quarter (28%) of full-time employees believe that their company spends less than $1,000 per employee annually on medical and nearly half (49%) believe their company spends less than $2,000, according to the recently released MetLife 2004 Employee Benefits Trend Study. Only 27% of full-time employees estimate correctly that their company spends $4,000 or more per year. Nationally, companies spend an average of $7,289 per employee annually for family coverage and $3,137 for single coverage, according to the Kaiser Family Foundation and Health Research and Education Trust. …

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Source: HighBeam Research, Majority of U.S. Workers Greatly Underestimate How Much Their...

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