Employee healthcare contributes to increase for Boeing employees
October 20, 2010, 04:33 pm
Employees that work for aviation giant Boeing may find their paycheck doesn't stretch quite as far as it once did. Reports say the company is the latest to shift rising healthcare costs onto its employees.
The Wall Street Journal reports that Boeing's 90,000 non-union workers can expect to see their coinsurance payments increase under certain plans as early as next year. Boeing says they would be making changes to their healthcare benefits regardless of reform.
The St. Louis Business Journal notes that while Boeing employees will see an increase in the amount they pay for health insurance, the company will still be paying the majority of costs. In fact, the paper reports Boeing currently completely covers all costs, whereas next year employees will be asked to contribute 10 percent.
There are things employees can do to help reduce their healthcare costs. Using a health savings account, a program where money can be used tax-free, can help cover expenses. Staying in good health can also help lower costs through fewer doctor's visits.
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