4 ms·
They say employees could see even higher costs in their plans come open enrollment for 2011. I just got the notice this morning from my HR department. They say
by CWuestefeld 16y ago
They say employees could see even higher costs in their plans come open enrollment for 2011.
I just got the notice this morning from my HR department. They say that company contribution as a percentage of cost will remain constant (the company is subsidizing 90% for employee-only coverage). However, the actual rate is increasing 12%, so the employee contribution is also increasing 12%.
The notice explicitly stated that the increase in cost is due to expanded coverage as required by the Affordable Care Act.