Insurance Increase Mid-Term

Crespogrl

Recently we increased our employee medical contribution by 10% across the plans.

We did this outside of our normal increase date in July.

Reason for the increase employer simply can not afford to pick up last years increase

Question- was it okay doing this? Did we violate any laws- I am not aware of?

Betty I_O

We routinely do this each year. Our medical and dental renewals occur on April 1, but that also is the date of our general salary increase for non-exempt employees. We delay the change in employee cost sharing until October 1 of each year. (We do, however, increase the cost for our COBRA participants on April 1.)