$42,770 Annually Per Employee for Coverage in this California City?

[Brian Anderson]

So The City of Industry in California is apparently paying through the nose for health insurance coverage for its employees – to the tune of an average of $42,770 per its 33 covered employees in 2014. That’s about 3 times what the city of Los Angeles pays, and about $20,000 more per year per employee than Sonoma, the city with the second-highest cost for health coverage in California, pays.

The coverage is through Aetna, and even some low-level/part-time employees who make less than $9,000 per year from the city are covered. And 12 employees were at more than $57k annually or $4,800 per month. What gives here?

Insurance Forums | City of Industry paying average of $42,770 annually per employee for health coverage

 

[AllenChicago]

Only 209 people live in that small town. Probably some of the 209 are illegal aliens that pay $0 in taxes. Did one of you California agents write that group?

More Info: https://en.wikipedia.org/wiki/Industry,_California

A comedian could find a good joke in this.

 

[fostever]

So The City of Industry in California is apparently paying through the nose for health insurance coverage for its employees – to the tune of an average of $42,770 per its 33 covered employees in 2014. That’s about 3 times what the city of Los Angeles pays, and about $20,000 more per year per employee than Sonoma, the city with the second-highest cost for health coverage in California, pays.

The coverage is through Aetna, and even some low-level/part-time employees who make less than $9,000 per year from the city are covered. And 12 employees were at more than $57k annually or $4,800 per month. What gives here?

Insurance Forums | City of Industry paying average of $42,770 annually per employee for health coverage

Seems like what my individual coverage will be in a few years at the rate they are raising premiums!

 

[Brian Anderson]

Quick update on this via a Sunday article in San Gabriel Valley Tribune saying City of Industry now plans to switch its health insurance provider from Aetna to CalPERS in hopes of saving $1.5 million per year. About a third of the city's employees were receiving about $70,000 in benefits PER YEAR (or about $5,800 per month).

Industry employee’s health benefits ‘well above market,’ study finds