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Estimate a new hire's benefits cost

Updated 12/19/2024 04:42:33 PM by annie.grubaugh@gusto.com
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Summary

If you offer benefits through Gusto, use this article to estimate the cost for a new hire to enroll in benefits.

Content

Full Access admins and admins with benefits permissions can find all of your company's current plan information in the Benefits section of your admin account.

How much will a new hire's benefits cost?

If we manage your benefits and you have a new employee joining your team, you can estimate their monthly benefits cost in your Gusto admin account.

To estimate a new employee’s benefits cost:

  1. Sign in to Gusto.
  2. Go to Benefits.
  3. Click Estimate new employee cost.
  4. Enter the employee’s personal information:
    • First name
    • Last name
    • Birthday
  5. Click Get Estimate.

We'll estimate the employee’s monthly premium cost based on their date of birth. The summary provides a range of monthly premium costs based on the benefits and plans you offer and if the employee has dependents.

If you’d like to see the premiums of each plan, click Download Cost Breakdown (PDF). The PDF includes the employee, spouse, and child costs for each plan that you offer.

Assumptions and methodology: Estimated costs are used for illustrative purposes only—actual costs will vary. The estimated cost assumes that any child dependent is younger than 18 and any spouse is the same age as the employee. For more detailed pricing, contact your insurance carrier.

Keywords: benefits administration estimate new hire benefits benefits enrollment table census

Related Solutions

  • View your Gusto billing invoice and details (for admins)
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  • HR Resources powered by Mineral
  • Renew your company's health benefits
  • Manage your company's Paycheck Estimate settings
Solution ID
133171217100000
Last Modified Date
12/19/2024 04:42:33 PM
Attributes
Gusto Attributes
  • Role: Employers; Accountants/Partners
  • Category: Benefits
  • Plan type: Core; Complete; Concierge
  • Who brokers my benefits?: Gusto
Taxonomy
  • Employers and admins > Benefits > Gusto's small-group health insurance > Benefits and cost dashboards
Collections
  • Admins
  • External
  • Support Agent

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