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.
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[ 3.3 ms ] story [ 17.1 ms ] threadI 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.