Lotus of Siam Pioneers Employee Health Insurance Surcharge in Las Vegas
A Las Vegas restaurant is one of the first in Nevada to institute an optional surcharge to its bills that will go toward employees' health insurance, according to a report.
Lotus of Siam, a James Beard Foundation award-winning Thai restaurant chain, is adding the surcharge option as a way to help staff pay health insurance, Nevada Public Radio reported. A spokesman for the Lotus of Siam said the restaurant chain is the first in Nevada to institute the charge.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Manager Penny Chutima, whose mother, Saipin Chutima, is the chef and co-owner, told KNPR's "State of Nevada" the famed eatery pays 60 percent of its employees' insurance costs, while the workers have to cough up the rest.

The newly installed surcharge will go to the portion left to the employees to pay, she said, adding that she first got the idea after learning about some California restaurants' similar practices.
CLICK HERE TO READ MORE ON FOX BUSINESS
"If I added a 3 percent markup onto my menu, it's considered what? – income," she said, "So when the government sees… when you file at the end of the year – it's income tax. If I do a 3 percent, which is a 3 percent employee-only, it’s non-taxable."
A spokesperson for the restaurant did not immediately respond to FOX Business' request for comment.
"My whole 3 percent is actually to show that restaurants don't do what everyone assumes," she noted. "We're not billionaires. We're not millionaires."
Chutima admitted Lotus of Siam's prominence and history made it easier for it to spearhead the practice, according to the report.
"We've been in business for 20 years," she said. "All of our employees have actually been with us for a very long time."
insurance
- Launch Your Bartending Career in Las Vegas: A Comprehensive Guide
- Employer-Sponsored Health Insurance: Who Pays & Costs
- Understanding Insurance: Key Elements & Types
- Understanding HSA Distributions: How to Access Your Health Savings Account Funds
- Totaled Car? Understanding Auto Insurance Coverage & Payouts
- Treasury Department: Insurers Not Obligated to Pay Coronavirus Business Interruption Claims
- Pressure mounts on insurance companies to pay out for coronavirus
- Pay-Per-Mile Auto Insurance: Benefits & Drawbacks (2024)
- Life Insurance Claim Denial: 4 Reasons Benefits May Not Be Paid
-
Dealing with Car Insurance Deductibles: Options When You Can't Pay ImmediatelyRaising the insurance deductible to lower the premium is common when you're trying to save money. Unfortunately, coming up with a large lump sum can be tough, especially after an accident. Dependi...
-
Copays and Deductibles: Do Copays Count?Whether you're covered by a group health insurance plan provided by your employer or a policy you purchased on the open market, you probably will have copayments -- flat fees you pay out-of-pocket...
