How much will my US employees’ healthcare cost my business?
The amount of money a US workers’ healthcare coverage will cost your business depends on a number of things. However, factor in an additional 20% on top of your workers’ salary to cover the cost of their healthcare, benefits and employment taxes.
The healthcare system in the USA is different to the system in the UK. And, it’s difficult to say with certainty how much your US workers’ healthcare coverage will cost your business, as it depends on a number of variables.
However, to allow you to draw up some provisional calculations, expect to factor in an additional 20% on top of your workers’ salaries.
This extra money will cover the cost of a worker’s healthcare coverage, but also the state, local and federal employment taxes you’ll need to pay, as well as the cost of other benefits. However, there’s no need to feel apprehensive about having workers on the ground in America. For a monthly fee, Foothold America can provide and manage all payroll, HR and other services, including benefits administration.
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