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General Electric Medical Insurance Contributions Based on Wage Ranges
Vol. 57   No. 3
 

   3/1/2012
 
General Electric has 120,000 employees in the United States. It offered hourly and nonexempt employees three plan choices for 2011:
  1. GE Health Care Preferred, with an $800 deductible.
  2. GE Medical Benefits, with a $1,600 deductible.
  3. An alternative health maintenance organization plan, with a $2,000 deductible.

Options two and three come with a company-funded health reimbursement account: $600 for employee-only coverage, $900 to cover two people, and $1,200 to cover three or more.

The following table shows employees’ annual premium responsibility, based on annual compensation and coverage level.

General Electric Employee Contributions

Annual pay range

Annual payroll contribution

  Option 1 Option 2

Option 3

1 person

     
Up to $24,999 $631 $131 $0
$25,000 to $37,499 748 248 0
$37,500 to $49,999 818 468 0
$50,000 to $74,999 1,029 679 25
$75,000 to $99,999 1,286 936 136
$100,000 to $149,999 1,613 1,263 438
$150,000-plus 2,151 1,801 851
       
2 people      
Up to $24,999 $1,262 $262

$25

$25,000 to $37,499 1,496 496 25
$37,500 to $49,999 1,636 936 25
$50,000 to $74,999 2,057 1,357 50
$75,000 to $99,999 2,571 1,871 271
$100,000 to $149,999 3,226 2,526 876
$150,000-plus 4,301 3,601 1,701
       
3 and more people      
Up to $24,999 $1,575 $325 $50
$25,000 to $37,499 1,870 620 50
$37,500 to $49,999 2,048 1,173 50
$50,000 to $74,999 2,571 1,696 63
$75,000 to $99,999 3,216 2,341 341
$100,000 to $149,999 4,030 3,155

1,095

$150,000-plus 5,376 4,501 2,126

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