Healthcare premiums going up?
Posted on 2011-02-25
I work at a small company, less than 150 people. We just got notification that as of April 1 our premiums are going up by 40%. That's about $200 out of my pocket a month, but even worse it's over $20,000 out of the bottom line for the company I work for every month, they pay a split 65-35. Add insult to injury, our benefits are actually going down. My co-pay will change from $20 to $35. At this point upper management is discussing either shifting a larger portion of the split on the employee or doing away with the benefit just to stay viable. At this point, I'm not sure what to do, maybe look for a different job? I've been here almost 15 years and never seen anything like this. Are we at the high end of the spectrum?