Your Health Ins. Coverage/Rates

jmcaa

Hi,
We are changing our Health Insurance Coverage. I would like to know what kind of coverage other companies provide and how much they contribute to the cost.

Our current plan is:

80/20 coverage, $200/$400 Deductible, $10/$20 Drug, Employee pays $25/$82 bi-weekly.

Our rates will go up drastically....employer is paying about 80% now, but want to change to 70%-66%.

Thanks!

Nat

>Hi,
>We are changing our Health Insurance Coverage. I would like to know
>what kind of coverage other companies provide and how much they
>contribute to the cost.
>
>Our current plan is:
>
>80/20 coverage, $200/$400 Deductible, $10/$20 Drug, Employee pays
>$25/$82 bi-weekly.
>
>Our rates will go up drastically....employer is paying about 80% now,
>but want to change to 70%-66%.
>
>Thanks!
We had to change carriers this year due to an increase of 31.9%. Our new plan (which ended up being an 11% increase) is:

$500/1000 deductible, $10,25,40 drug card, $25 primary/specialist office visit. Employees pay $20 bi-weekly for employee only coverage, $142 for employee/child(ren) bi-weekly, $183.98 employee/spouse bi-weekly, $306.97 Family bi-weekly. Employees pay the full cost of dependent coverage plus the $20 for employee only bi-weekly.

The only change we had, other than the carrier and the rates was a $5 increase in doctor office visits. Our renewal doubled employe/child(ren) bi-weekly and raised family $85 bi-weekly. We left the employee contribution unchanged at $20 because on top of these changes, we didn't get a raise this year and probably won't next year.

We are a long term care facility and have a hard time finding carriers to quote our industry. We're finding the same problem with our Worker's comp insurance. We are being dropped as of 06-30-03 and have yet to find a comp carrier that will quote our "industry".x:o