Just had the annual group health insurance renewal meeting with my agent. This is how the affordable care act is affecting me and my employees so far...
Since 1976 we have always paid 100% for our employees and we also cover spouses and children for a few of our key employees who have been with us for 20+ years. To keep the plan we have now, which is a really good plan, our rate increased 30% from last year. After December 31 we will be forced to drop the spouses and children of our key employees to avoid discriminating against our other employees in the government's eyes. I also expect another rate increase at that time.
December 31st there will be 4 employee's spouses and 5 children that will lose their coverage. The business can not afford another 30% increase for health insurance. Changes are coming!!!!
This post was edited on 9/30 1:49 PM by realflnative
Since 1976 we have always paid 100% for our employees and we also cover spouses and children for a few of our key employees who have been with us for 20+ years. To keep the plan we have now, which is a really good plan, our rate increased 30% from last year. After December 31 we will be forced to drop the spouses and children of our key employees to avoid discriminating against our other employees in the government's eyes. I also expect another rate increase at that time.
December 31st there will be 4 employee's spouses and 5 children that will lose their coverage. The business can not afford another 30% increase for health insurance. Changes are coming!!!!
This post was edited on 9/30 1:49 PM by realflnative