What Percentage of Health Insurance Coverage Does Your Construction Company Pay?

A question was recently posted on the Construction Financial Management Association (CFMA) message board requesting input as to the amount of health insurance coverage that other employers pay on behalf of their employees.

Given the impact that health insurance costs have on every employer, the question generated a significant amount of responses.  While the responses were concentrated in the construction industry, the amount of employer coverage varied somewhat significantly; so I was curious as to the average amount of health insurance coverage that’s funded by the employer in the construction industry, as well as other industries.  

Based upon information provided by a premier national health management firm, the following table may assist you in benchmarking the amount of health insurance coverage that your company provides.  Due to restrictions on the length of this article, and to simplify the analysis, the following chart only provides the 2017 averages for Preferred Provider Organization (PPO) plans.  

If you would like to discuss the impact of health insurance costs on your construction company, do not hesitate to contact a member of the Schneider Downs Construction Industry Group.   For more construction industry articles, please visit the Our Thoughts On...blog.  

our thoughts on

array(1) { [0]=> string(2) "22" }
Data: The 21st Century Building Material
Revenue Recognition Standard finally effective for nonpublic companies. Are you ready or still in denial?
Good News Regarding Excess Business Losses For Your Pass-Through Construction Business
The Future of Construction
Higher Education and Construction; Does Building Green Still Matter?
Is Your Construction Company Eligible for a Credit for Wages Paid under FMLA?

Register to receive our weekly newsletter with our most recent columns and insights.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

contact us

Map of Pittsburgh Office

One PPG Place, Suite 1700
Pittsburgh, PA 15222

p:412.261.3644     f:412.261.4876

Map of Columbus Office

65 East State Street, Suite 2000
Columbus, OH 43215

p:614.621.4060     f:614.621.4062