We just re-upped our health insurance for the employees of our small company. The price increase was breathtakingly astounding. The increase will be coming right out of the profit sharing. There isn’t really anything we can do.
Our policy is so good that we are forced to pay a one thousand dollar a month tax on it. Thanks.
It took Blue Cross a very long time to get us a quote because of the insane maze of new regulations. Due to this and time constraints, we basically had no choice besides sign up and take the increase, or cut everyone loose to the disastrous healthcare.gov site and give them a stipend of some sort – but we actually like our employees so no dice on that.
Besides, we have employees in two states – Illinois and Wisconsin. Wisconsin deferred to the federal plan, Illinois did a mixture. I am sure that will go very well. So that would create another issue we would need to address – how to stipend who so our employees are treated fairly.
All of our employees received a card from Blue Cross saying that their current plan will expire. And this is true. The new plan is similar, but not exact.
We have absolutely no idea what will happen next year, since our Blue Cross person said that the plan that we just signed up on will not be available when that rolls around.
Our employees are furious at the Obama administration for this debacle. Here’s hoping this will change some votes.