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Article: Health care headaches: the cost of health insurance is reaching a crisis point for many retailers. (Savvy Staffing Solutions).(Brief Article)
- Article from:
- Gifts & Decorative Accessories
- Article date:
- March 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The cost of providing health insurance for myself, and my three full-time employees, is astronomical. I'm still in shock over the fact that our store's health insurance premiums went up 17 percent this year, on top of a staggering 30 percent increase last year. Should I ask them to pay their own premiums?
A: I wish I had an easy solution to this dilemma. The cost of health insurance is reaching a crisis point for many retailers. In fact, only 29 percent of gift retailers surveyed by Gifts & Dec provided any health insurance, even for managerial staff -- and 53 percent of those managers were family members. Full-time sales staff received health insurance from only ...