Insurance poll

hrbanker · June 2003

I'm putting together a directors report and need updated information on cost of health insurance premiums. Most of what I've found is for 2001-2002 and I'm hoping to find something more up to date.

Would you be willing to share the cost of single & family coverage and the percent increase you had at your last open enrollment? I know coverage varies, but I'm hoping to get an average to show that our plan is not overpriced.

We have a Blues PPO. Single is $245, Family is $730, and we had a 9.5% increase in April. Thanks for your help.

psrcello · June 2003

We have a PPO thru Mutual of Omaha for our hourly employees. Current rates are $250.04 single and $646.86 family. These were effective January 1, 2003, and repesent a 15% increase over the 2002 rates. We have about 240 employees covered under this plan.

gab · June 2003

We have Blue Cross Blue Shield in Florida. We have 2 different plans: HMO & PPO. We were very fortunate to only have of 5% increase.

HMO: Single $213.76; Family $654.13
PPO: Single $243.20; Family $878.19

ritamcguire · July 2003

We had BC/BS last year (Jul 2002 - Jun 2003) at the following rates:

Single Family
HMO 193 601
POS 211 655

BC/BS raised our rates ~25% in each catagory, causing us to switch to Aetna at the following rates for approximately the same HMO coverage, but slightly less benefits for POS coverage:

Single Family
HMO 199 581
POS 214 624

Hunter1 · June 2003

Self funded public sector employer; PPO (VERY small co-pays and deductibles) And, we're in the Milwaukee metro area which has about 50% higher costs than other midwest major metro areas.
S/$383.88, F/$919.12/mo
Approximate 11% increase this year

HRQ · June 2003

HMO Single 220.22, family 616.59
PPO Single 348.44, family 975.59

110 employees covered - lot of women with children - apparently we have high medical expenses, which is the explanation our broker gave when Humana presented us with their bid.

We experienced a 22% increase 1/1/03.

Whew. Wonder what's coming for '04?

LindaS · July 2003

We are self-funded and do not have a PPO, although we receive the wraparound benefits. This is the 3rd year in a row that we have not seen any increase in premiums.

Current premiums:

Single: 325.44/mo
Emp. + 1: 519.84/mo
Family: 718.56/mo

Whatever · July 2003

HMO (includes drug benefit)
Single $264.56
Ee+1 $483.07
Family $769.05
We had a 11% increase on 12/1/02

MrCreosote · July 2003

[font size="1" color="#FF0000"]LAST EDITED ON 07-01-03 AT 09:15AM (CST)[/font][p]BC/BS Illinois PPO 100%/80% with a $250 deductible, per month.
EE only = $378
EE + child(ren)= $738
EE + Spouse = $820
Family = $1,180
Our increse was about 10%, but it was different for each category. EE only increase was less than 5% and EE + Spouse and Family were about 15%.

ray a · July 2003

Single - $315.73 per month
Single w/dependents - $636.52 per month
EE and spouse - $717.75 per month
Married ee and dependents - $957.87 per month

About a 15% increase. We have a self-funded PPO.

scottorr · July 2003

We have an EPO and a PPO.

Our ees contribute 20% and we contribute 80%.

EPO
S - 242.20
S+1 - 484.40
F - 689.01

PPO
S - 266.19
S+1 - 532.39
F - 757.66

djacobs475 · July 2003

We have Humana HMO and PPO, here are our rates:

EE Only HMO $203.14 PPO $311.96
EE + Children 385.97 592.72
EE + Spouse 406.29 623.92
EE + family 650.05 998.27

We used to have Blue Cross/Blue Shield - which went up 18%, so we switched to Humana.

Our employees contribute $40. for EE Only per month on the HMO, and we pay the difference. But we give Long-Term Disability and Life Insurance (of $15,000.)
at no charge to each employee.

Hope this helps.

lnelson · July 2003

We carry Blue Cross Effective 12-1-02 our rates are as follows:
Medical w/ drug benefit
HMO ee - 184.66
HMO ee + spouse 406.27
HMO ee + child(ren) 332.39
HMO ee + Fam 572.46
PPO ee - 284.90
PPO ee + Spouse 626.79
PPO ee + child(ren) 512.82
PPO ee + Fam 883.20

Dental Plan
HMO ee 23.15
HMO ee + 1 dep 46.29
HMO ee + 2or more 68.28
Includes Ortho 50%
PPO ee 42.06
PPO ee + 1 dep 79.91
PPO ee + 2 or more 121.97

We also have life & Ad & D insurance for ee 30,000.00 each which company pays 100%. Med & Dental Ee pays 10% + dependant coverage company pays 90% of ee premium.

Lola815 · July 2003

We have a PPO through Blue Cross Blue Shield of Utah. We are at 260.95 for single and 654.70 for family. We have 80 employees. We had to change our plan quite a bit to bring down the increase from 12% to 7%. We now have a prescription drug deductible in addition to our general $250 deductible and our office visits went up in price, among a few other changes. Not looking forward to next years changes.

Nat · July 2003

We were looking at a 31% increase from BCBSNC so we switched to United Health Care which brought our increase down to 11%. We are in long term care and have a hard time finding anyone to quote us. Last year we were no quoted by everyone except one specifically because of our industry but felt encourgaged this year when we received quotes from 5 companies. These rates are effective July 1, 2003:

Employee Only $296.09
Employee/Spouse 651.39
Employee/Child(ren) 562.57
Family 917.87

Our employees pay $20 per pay period toward employee only and pay all of the dependent portion.$$$

Miriam George · July 2003

Self-funded private employer.
"Real" cost for single - $326.94, family - $883.14
However, our production employees pay a weekly premium that amounts to about 6% of the "real" cost of the insurance. Office/management group pays nothing for theirselves or their families.

This is for an excellent plan - No deductibles unless you go out of network. Plan includes prescription coverage, dental, Short-term disability, and term life insurance. You can buy this for you and your family for a mere $14.49 per week if you are a production employee!!! Office people get all of that for free!!!!

yakley · July 2003

health coverage through Cariten Healthcare
EE 246.14
family 626.21

had a 34% increase for 2003....
have 53 employees

public entity - fully insured

Sally · July 2003

We changed plans (from #2 plan to a much lesser plan) on November 1, 2002 so our premiums went down. We have an HMO with BCBS of Florida.
Employee: $252.07
Employee/Child(ren): $465.49
Employee/Spouse: $525.37
Empolyee/Family: $738.80
My rep told me to budget for a 15% to 20% increase.

bamahr · July 2003

We have BCBS - Alabama - and a four tier plan, paying at 100%, less co-pays and deductibles. The company pays 95% of the employee and 85% of all others.

Employee - $330
Employee + Children - $569
Employee + Spouse - $725
Family - $1006

maryfmurray · July 2003

We have BCBS - New Hampshire - and a four tier plan, paying at 100%, less co-pays and deductibles. The agency pays various portions of the employee costs and dependents pay the rest. We received a 20% increase effective 12/1/02.

Employee - $322.43 employee 15% Agency 95%
Employee + Children - $688.39 employee 50% Agency 50%
Employee + Spouse - $681.94 employee 49% Agency 51%
Family - $1047.90 employee 51% Agency 49%

Our POS service plan falls as a four tier plan: the agency portion remains the same and the rest is passed on to dependents.

Employee - $349.39
Employee + Children - $745.95
Employee + Spouse - $738.96
Family - $1135.52

hrbanker · July 2003

Thanks to all of you who responded. The data is eye-opening. At this point it looks like actual premiums are about 25% higher than the benefits survey data I've received. It's hard to explain to employees that they are only getting a 3% salary adjustment but their portion of the health care is going up 10% or more.

Nat, why are insurance companies reluctant to quote long term care providers? I would think your employees would have job-related injuries and illnesses that should be covered by workers comp. Is it the high stress of your job?

mwild31 · July 2003

Here's something I do to help explain the rising costs - I assemble a panel of 6 employees (usually the loudest ones x:-)) that represent each of the categories EE, E+C, E+S, and E+S+C and have them sit in on the spiel from the insurance brokers - this way they hear it first hand and they know what the company is up against. They help in getting the information out to the rest of the employee by way of the grapevine when a new plan is offered - or rates go up. I also do an RFP and send it out to many brokers/insurance firms - just so we stay on top of the rates and any changes in the industry.

Zanne · July 2003

We are a self funded plan with a PPO.

Our rates are: $265.00 single coverage
$617.00 family coverage

We request our employees pay $20 ppp (24 times a year) for single and $60 ppp for family.

We are having a BAD year this year and already I'm hearing that we are going to drastically change our health insurance. The option that keeps coming up in the executive offices is to cover ONLY the employee and let all the spouses cover themselves and the children. I'm thinking that we can't do that and am planning my line of reasoning. (i.e. I'm a single parent - who covers my child?)

Should we start a new thread to find out what people are doing to reduce their health insurance costs???? That could be interesting and helpful!

Zanne

lnelson · July 2003

Zanne,
Our company had this problem also and that is when we offered to cover ee @ 100%(this year first year ee pays 10% of ee cost) and then the ee would pay for their dependents. We also cancelled insurance that was not being utilized by our ee's such as chiropractic & vision care. We do have a vision program for the ee's it is a self funded plan were the ee pays for the eye exam & contacts or glasses and we reimburse them for those expenses with a cap. such as eye exam every year up to $45, eye glasses or contacts every 2 yrs up to $200.00. This seems to work I have had approx. 5 employees utilize this out of 110 ee's. We have had this program for 7 years now with no compliants (Knock wood)xpray

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