Tuesday, September 24, 2013

Are health insurance premiums rising 20% to 50%?

I'm told employee premiums will jump 20% to 50% starting next year under the just-announced change to Gannett's medical plan for next year. This was from someone who attended one of the human resources web-based seminars that started yesterday.

Can anyone else confirms those figures? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot.com]; see Tipsters Anonymous Policy in the green rail, upper right.
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2 comments:

  1. Jim Hopkins9/24/2013 1:40 PM

    Here is what an employee told me after they attended an HR session about the new medical plan:

    I just attended one of the first Gannett webinars on healthcare changes. Here is a quick synopsis of the changes:

    Premium increases between 20-50%.

    The "deluxe" PPO is gone -- only one choice now, a high-deductible 80/20 coinsurance plan with an HSA option.

    No perscription or office visit coverage (other than one annual wellness exam) until deductible is met, and then of course it's only 80% coverage.

    They're going to offer an Allstate-managed "health catastrophe" insurance that will pay a lump sum (5k, 10k, or 15k) if you receive a critical illness diagnosis (stroke/heart attack/cancer).

    Dental, vision and Life are unchanged.

    Overall, it's a big premium increase and a big reduction in services.

    Oh, and it is Affordable Care Act compliant, so unless the premiums are more than 9.5% of your salary, you are not eligible for the new insurance exchanges.

    ReplyDelete
  2. oinsurance10/09/2013 8:22 AM

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