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Thread: Health care costs still going up

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    Default Health care costs still going up

    We just got the deal on our health care for the coming year. Up 9K to $ 91,000.00 for a handful of people. We have had to cut coverage to even keep it this low. There is only one option available to us cheaper than what we have and that one would bankrupt any of our employees who happened to get sick since it covers so little and has such a big copay. As bad as that increase sounds it is a much lower rate of increase than in past years when we were getting 25 & 35% increases.
    Ray Badger, Turbo Technologies, Inc.
    www.TurboTurf.com www.IceControlSprayers.com

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    I just looked into coverage for my two (just hired one this week). Apparently BCBS cut a platinum coverage on individuals a while back, but they do offer it for business. I currently have the gold for my wife and 10 month old and I pay $1500.00 out of pocket. For my family and one employee for platinum is $1600.00.

    As I understand it - if the employer pays either 50% or over 50% they get tax credits on their expense.

    How much do you have your employees pay? For example, if we go platinum and my employees pay half, they are looking at paying about $210 a month. I am not sure how comfortable they will be spending 10% of their pay for "the best" health care option. Do you know what percentage is common for employer/employee to pay?

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    We pay 75% of the cost. I think more exactly we pay 50% if they have been with us for less than a year and 75% if they have been with us more than a year. Until a year ago we covered families too but now we only cover families if someone has been with us for 10 years. It was just getting too expensive so that was one of the ways we tried to save a few bucks.
    Ray Badger, Turbo Technologies, Inc.
    www.TurboTurf.com www.IceControlSprayers.com

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    I am in my infancy of learning about healthcare for employees.

    It appears the three options are you can put everyone under the same group plan, you can give your employees money hoping they spend it on individual care and another version that is a reimbursement plan.

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