Insurance Provisions - Percent of Firms Offering Benefits - 2005

 ü    Most employers that offer medical insurance share the cost of the premiums with their employees. 
       On average, employers pay for 76 percent of full time employees’ medical insurance premiums. 
       The employee is responsible for the remainder of the cost.
ü     Most employers that offer medical insurance also offer coverage to the employees’ families. 
       However, employers typically pay less of the premium for the dependent coverage.
ü     Most employers that offer life insurance pay for the entire premium for the life insurance.

Insurance Provisions
Percent of Firms Offering Benefits

Firms that Employ
Full-Time Workers

Firms that Employ
Part-Time Workers

Insurance

  Medical Insurance

58%

10%

    Portion of Single Premium Paid by Employer

      100% Employer Paid

37%

28%

      50-99% Employer Paid

54%

47%

      1-49% Employer Paid

5%

10%

      0% Employer Paid

4%

16%

        Average % Paid by Employer

76

66

  Family Medical Insurance

51%

8%

    Portion of Family Premium Paid by Employer

      100% Employer Paid

16%

11%

      50-99% Employer Paid

44%

39%

      1-49% Employer Paid

16%

12%

      0% Employer Paid

24%

38%

        Average % Paid by Employer

54

47

  Dental Insurance

29%

9%

    Portion of Single Premium Paid by Employer

      100% Employer Paid

36%

29%

      0% Employer Paid

24%

28%

      Jointly Paid

40%

43%

  Family Dental Insurance

26%

7%

    Portion of Family Premium Paid by Employer

      100% Employer Paid

16%

3%

      0% Employer Paid

36%

46%

      Jointly Paid

48%

52%

  Vision Insurance

13%

4%

    Portion of Premium Paid by Employer

      100% Employer Paid

30%

10%

      0% Employer Paid

31%

48%

      Jointly Paid

40%

42%

  Life Insurance

37%

5%

    Portion of Premium Paid by Employer

      100% Employer Paid

67%

76%

      0% Employer Paid

9%

6%

      Jointly Paid

24%

18%

  Short Term Disability Insurance

23%

4%

    Portion of Premium Paid by Employer

      100% Employer Paid

45%

33%

      0% Employer Paid

41%

35%

      Jointly Paid

14%

32%

  Long Term Disability Insurance

23%

3%

    Portion of Premium Paid by Employer

      100% Employer Paid

47%

30%

      0% Employer Paid

34%

31%

      Jointly Paid

19%

39%

Û Return to the Employee Benefits menu.

If you have questions or need more information, contact Laura Sichmeller of the Labor Market Information Center at (605) 626-2314 or e-mail her at laura.sichmeller@state.sd.us.