Search
 

Spousal coverage fading fast

A growing number of employers are levying a surcharge on the spouses of employees who sign up for health care coverage if they are eligible for them in their own workplace.

By Dan Berman | Updated on October 18, 2013
UPS is among the growing number of employers cutting spousal coverage.

In their ongoing bid to cut the cost of benefits, a growing number of employers are levying a surcharge on the spouses of employees who sign up for health care coverage if they are eligible for them in their own workplace.

A Towers Watson survey this year of more than 600 companies found that 20 percent charge an average of $100 a month for spouses in that situation to be added to health care benefits. A Mercer study in 2012 found a smaller cohort of companies with more than 500 employees (18 percent) reported similar figures.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.