Up 14%, yikes!

Up 14%, yikes! October 20, 2010

We haven’t seen our premiums or options for next year yet, but wondering if any of you have … and what do you foresee? From CNN.com:

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.


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