General Electric Medical Insurance Contributions Based on Wage Ranges
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General Electric has 120,000 employees in the United States. It offered hourly and nonexempt employees three plan choices for 2011:
- GE Health Care Preferred, with an $800 deductible.
- GE Medical Benefits, with a $1,600 deductible.
- 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 |
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
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