Federal workers in New York are more than angry as they enroll in plans slated to go into effect this January. While they were warned of a 10 percent increase in their insurance premiums, they have been shocked by the increase in Universal Healthcare’s premiums overall, which translates into nearly double what they were paying before. More are angry over a change in Blue Cross’s policies which instead of paying 25% for surgeries and procedures out of network, they will now have to pay 100%. Experts in the area say that workers across the board are angry and feel betrayed, as well as fearing an inability to pay for their health care. How will workers deal with these huge increases in premiums? Are companies proactive in looking for a solution to lower their health benefit costs? Has your company tried an employee wellness program to help prevent sickness within your employee group?
What is the best way for an employer to save money on health insurance premiums? I have a company with about 100 employees and my broker shops it every year. We have been seeing a 20% increase on a consistent basis. Is there a way to fix this?