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Salaried-based insurance offers hope for some companies

Oklahoma City-based Buy For Less found relief from soaring health insurance costs by custom designing a program that, among other things, introduces salary-based premiums. Workers who earn less, pay less. And those paid $10 or less an hour are provided free health insurance.

BY PAULA BURKES Modified: December 8, 2012 at 12:34 am •  Published: December 9, 2012
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The management team of Oklahoma City-based Buy For Less grocers knew they couldn’t sit by idly and eat the skyrocketing costs of providing health insurance to employees of their 14 area stores.

Insurance costs were...

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The cost of health insurance

Average annual premiums this year are $5,615 for single coverage and $15,745 for family coverage.

SOURCE: The Kaiser Family Foundation

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