Coonrod says he, too, would argue that it is a "fairer" approach. Besides, he asks, why should health care be treated differently from retirement, where employers have long based their contributions on the employees' wages and salaries?Dinkin also cites "fairness" as one of the advantages of basing health insurance premiums on salary and wages. A company's lower-paid individuals often favor the strategy, and its higher-paid employees "feel they are helping others out," he says.
Higher-paid workers get bigger bills for group health insurance
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.