Thursday, July 7, 2011

Corporations Tell Smoking Employees To Pay More For Health Insurance

Corporations Tell Smoking Employees To Pay More For Health Insurance

If you smoke, you'll pay more. That's the message and policy coming out of some of the country's largest corporations.

As of July 1, employees at Macy's who admit to using tobacco will be charged an extra $420 a year for health coverage, reports Bloomberg Businessweek.

Macy's is joining the ranks of companies like PepsiCo, which requires its smoking employees pay an extra $600 year, and publisher Gannett, which charges an additional $720. Some companies like Humana, Union Pacific and Scotts Miracle-Gro flat out refuse to hire smokers.

According to the Center for Disease Control and Prevention, smoking costs the U.S. more than $193 billion a year, and a smoking employee is 18 percent more expensive for employers than a nonsmoker, reports the magazine.

Companies can either cut benefits or do what they can to reduce lifestyle choices that lead to higher medical costs

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