General Electric Medical Insurance Contributions Based on Wage Ranges

Mar 1, 2012
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March CoverGeneral 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 1Option 2Option 3
1 person
Up to $24,999$631$131$0
$25,000 to $37,4997482480
$37,500 to $49,9998184680
$50,000 to $74,9991,02967925
$75,000 to $99,9991,286936136
$100,000 to $149,9991,6131,263438
$150,000-plus2,1511,801851
2 people
Up to $24,999$1,262$262 $25
$25,000 to $37,4991,49649625
$37,500 to $49,9991,63693625
$50,000 to $74,9992,0571,35750
$75,000 to $99,9992,5711,871271
$100,000 to $149,9993,2262,526876
$150,000-plus4,3013,6011,701
​​​
3 and more people
Up to $24,999$1,575$325$50
$25,000 to $37,4991,87062050
$37,500 to $49,9992,0481,17350
$50,000 to $74,9992,5711,69663
$75,000 to $99,9993,2162,341341
$100,000 to $149,9994,0303,155 1,095​
$150,000-plus5,3764,501​2,126
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