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One of the biggest contributors to pushing out the more experienced and well paid guys, is that they bring up the cost of HI tremendously for the company.
If you were 40, would you want HI at a company were the average age is 60, or where the average age is 35?
What the older employees cost them in salary is nothing to what they cost them on HI usually.
I was once under a "career" contract with LFG (LFG guys call it the "benefits contract", I was indy, had benefits, and a very low premium mark to hit to keep the contract in force; their average age was around 55; it cost $600 per month for a family plan with them.... and Im a single 27yo with one kid....
The sad part of it is that the 55yo often has no alternative to group coverage b/c of health, so its even worse when they are forced out... us young guys usually are healthy...
If you were 40, would you want HI at a company were the average age is 60, or where the average age is 35?
What the older employees cost them in salary is nothing to what they cost them on HI usually.
I was once under a "career" contract with LFG (LFG guys call it the "benefits contract", I was indy, had benefits, and a very low premium mark to hit to keep the contract in force; their average age was around 55; it cost $600 per month for a family plan with them.... and Im a single 27yo with one kid....
The sad part of it is that the 55yo often has no alternative to group coverage b/c of health, so its even worse when they are forced out... us young guys usually are healthy...