Senior web developer salaries for the NFL could skyrocket by $1 million, according to a new report.
That could translate into millions of dollars in earnings if the salaries are properly adjusted for inflation.
The National Association of Insurance Commissioners recently released a report analyzing the cost of insurance for employees working for large organizations.
The agency determined that for a team of employees who worked full time and for less than 10 years, an average of $4,972 per month would cover their average health insurance premiums, according.
The average cost of coverage in 2017 was $9,000 per month.
The report says if the costs of insurance and benefits were not factored in, that number could be as high as $19,000 a month.
The study said the number could jump by $300,000 if a team had 10 employees and $3.8 million if 10 employees worked full-time for 10 years.
It would also jump by nearly $2 million if the company had 20 employees and had a yearly payroll of $17.3 million.
It was estimated that the average salary for a full-timer would be $35,000 to $50,000 in 2017, depending on the size of the company and the number of employees.
For the 10-year-old industry, it could reach as high of $78,000.
For large companies with more than 1,000 employees, the cost would be as much as $140,000 for 10-years of coverage.
The data comes from the National Association for Insurance Commissioners’ 2017 Cost of Coverage Study, which was released earlier this month.
That report found that the cost to insure employees on average would be about $4.4 million per year.
The report estimated that if costs were kept at current levels, the average cost for an employee to work full- or part-time in 2017 would be approximately $18,000, based on data from the Federal Insurance Contributions Act.
The cost to work in a full time job would be estimated at $8,000 or more.
The number is more significant because it includes costs related to health insurance, benefits, retirement and pension plans.
The cost of these would also rise, especially for retirees.
A company that hires 10 full-timers and pays them $3,000 annually to work for 10 or more years could save $100,000 each year in benefits and pensions.
The savings would be even greater if a company hires 20 full-time employees and pays each employee $10,000 yearly.
A $2,500 premium for health insurance for 10 employees could result in a $2.3 billion savings.
The average cost to purchase a health plan for a person working full-year would be at least $1.3 trillion.