Great news, as of February 1st, we reduced the fringe rate to 39%
. As we shared in December
, we made this decrease because of Springbrook's exceptional management of health insurance costs in 2020.
As a reminder, the items below make up the fringe rate:
- Payroll Taxes
- NYS Disability
- NYS Unemployment
- Worker Compensation
- Health Insurance
- Life Insurance
- Benefit Time
With your help, and Springbrook's continued commitment to the responsible management of Health Insurance costs, we can ensure the stability of our program.