bigpicture
TB Lurker
- Credits
- 0
Has anybody seen the new video out telling us about insurance increase, and the great things happening at conway??
no.............Has anybody seen the new video out telling us about insurance increase, and the great things happening at conway??
Has anybody seen the new video out telling us about insurance increase, and the great things happening at conway??
I gotta agree with papa on this one. This's the cheapest ins. I've had in the last 10 years. It sucks its going up but we still don't pay a whole lot compared to other company's. The days of the employer footing the bill are long gone.
P R E M I U M I N C R E A S E S
• The cost of health insurance rose 9.2% in 2005,
less than the 11.2% increase in 2004, but much
higher than the overall rate of inflation of 3.5%
and the increase in workers’ earnings of 2.7%
(EXHIBIT 1.1).
• Covered workers in small firms (3-199
workers) and large firms (200 or more workers)
experienced similar premium increases (9.8%
vs. 8.9%) (EXHIBIT 1.3).
• There is considerable variation in premium
increases across workers and firms: 7% of
covered workers work in firms that experienced
premium increases of greater than 20%, while
32% of covered workers work in firms that
experienced premium increases of less than or
equal to 5% (EXHIBIT 1.4).
M O N T H LY P R E M I U M C O S T S F O R S I N G L E
A N D F A M I LY C O V E R A G E
• The average cost of single coverage for covered
workers in 2005 is $335 per month or $4,024 per
year. This figure includes both the employer
and employee contribution. The average cost
of family coverage is $907 per month or $10,880
per year (EXHIBIT 1.13).
• Covered workers in PPO plans, the plan type
with the highest enrollment, face higher average
premiums for both single and family coverage
than covered workers in HMO plans. The
average annual premium for covered workers
in PPO plans is $4,150 for single coverage and
$11,090 for family coverage, while the average
annual premium for covered workers in HMO
plans is $3,767 for single coverage and $10,456
for family coverage (EXHIBIT 1.13).
I think 10% is way to high, it's probably all hear say but let's wait and see. 5 years ago when I was laid off, I could cobra my policy at $260.00 w/o dental and $325.00 with dental.
Where did you get this info ?
Can you please tell me who would be higher then us if the 10% is true?I think ins. increases are not good but if you shop around we still have super cheap coverage. Even @ 10% you would still pay less than most. Don't like paying more but still not going to complain!!!!!!