A full time employee with no family on Blue Cross will now have to pay $80/month for his/her health insurance.
A part time employee with no family on Blue Cross will now have to pay $153/mo of his/her insurance?
The question is WHY?
Two employees doing the exact same job with the exact same insurance yet the one making the least amount of money has to pay more?
Thats how it works, and consider it a perk since MANY, and I mean MANY companies, including State and local government do not offer insurance to Part Time Employees AT ALL! FT and PT employees might be doing the same job, but the same time put in differs significantly. Its the same thing here.
ReplyDeleteThe question is why is TM all the sudden doing this to you? Is management getting the same insurance at the same costs as you?
Many, MANY, companies offer nothing, no insurance, no retirement, no nothing!
ReplyDeleteThat is the direction of our culture, government workers are on the radar and the radar is set to destroy!
The reason why is very simple -- it's the same as why OT makes sense.
ReplyDeleteLet's say we have the following situation (just making up numbers here):
Pay: $25/hr
OT pay: $37.50/hr ($25 x 1.5)
Benefits: $1,500/mo
60 hours of bus service per week that need to be covered.
Part-timer works 20 hours/week.
If you do the math, you'll find the following options:
1) A single 60/hr overtime guy costs $109,000 ($34.93/service hour)
2) A 40hr guy + a 20hr part timer costs $114,000 ($36.54/service hour)
3) (3) 20hr part timers cost $132,000 ($42.31/service hour)
4) (3) 20hr part timers who each pay $150/mo for insurance costs $126,600 ($40.58/service hour)
To minimize the cost you essentially want as few employees as possible; because certain costs (health care) are per-employee rather than per-hour.
This example shows that part timers effectively cost the company more money per service hour covered.
I'm not suggesting that this is fair from a humanitarian point of view, just answering the question as to why a business might want to charge a part timer more than a full timer for health insurance.
We live in a corrupt, immoral world where a piece of paper guides the actions of all of humanity.
ReplyDeleteBarbaric, that's a culture that subscribes to this sort of life style.
Mankind is still living in the dark ages spiritually and there seems to be no light at the end of the tunnel.