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Health Care

Health Care. Average Costs. Single Plan Average. Employers cost to pay for single coverage averages about $5800 per employee That means for an employee who is paid 52 times per year, the employer pays $112 per check towards their health care

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Health Care

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  1. Health Care Average Costs

  2. Single Plan Average • Employers cost to pay for single coverage averages about $5800 per employee • That means for an employee who is paid 52 times per year, the employer pays $112 per check towards their health care • Employees pay only $18.55 per check towards this coverage • Without being in an employer plan, the average cost is between $350-$450 per month

  3. Benefit to employee • Health care means more money in your pocket (On average of $290-$340) • Getting check-ups means they are keeping you healthy • YOU are an investment • Health costs are the number one reason for personal bankruptcies in the US

  4. Family Plan coverage • Employers cost to pay for family coverage averages about $16,000 per employee • That means for an employee who is paid 52 times per year, the employer pays $308 per check towards their health care • Employees pay only $83.60 per check towards this coverage • Without being in an employer plan, the average cost is between $1200-$1400 per month

  5. What that means to your check • If you earn $40,000 per year ($32,400 after taxes), you weekly take home would be $623 • $623 per week times 4 weeks in a month would be $2492 • If you had a mortgage or rent payment of $800, utility bills of $150, cable/phone/internet of $100, cell phone of $60 that would total $1110, leaving you $1382.

  6. What Else? • $1382 then you may need to take out a car payment of about $352 leaving you with $1030 • You will need to buy gas weekly, groceries and you may have other expenses. That may cost you about $100 or more, leaving you with $930 • If you have student loans, expect to pay another $200-$300 or more, leaving you with about $730

  7. More? • $730 may sound great, but what about savings and retirement? Most of you will need to put about $230-$300 of that into retirement, leaving you with about $500 • If you save 10% of your monthly income, that will cost you about $250, leaving you with about $250 • That Heath Care benefit is looking better each minute, isn't it?

  8. Letters of Recomendation • 2 work related • 2 personal • Work related is based on your skills (Classroom, work, or anything where someone can discuss your work ethic) • Personal letters are about your character (Honest, trustworthy or anything where a person can say you are someone they can honestly say they trust) • NO family

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