It's that time of year when employers deliver bad news about next year's benefits.Chances are you'll learn that your 2011 health insurance tab will be sharply higher, as companies continue to shift the burden of rising costs onto their workers.
Employees' share of premiums for a family plan is up an average 14%, to $3,997, vs. just a 3% rise in the total bill, according to the Kaiser Family Foundation.
And it's not just premiums that are spiraling higher. You're also likely to be hit with higher deductibles and out-of-pocket maximums as well as bigger bills for doctor's visits and drugs.
"Increasingly, employees have to be thoughtful about not just the cost of the plan, but the cost of the services they use," says Michael Thompson, a principal with Pricewaterhouse-Coopers' human resources practice.
Wednesday, October 20, 2010
More failed promises for Obamacare
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I work for a very large company and am waiting to see if they roll this out before election day. 20 months ago the CEO seemed to be really sucking up to The One. Haven't noticed that so much for the last year, though.
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