Health Insurance

[EyePod]

Originally Posted by HemiEd

Health insurance costs have become prohibitive for the employers, and continue to get worse.

We (company less than 100 employees) received 35-45% increases annually, until we finally said no a few months ago.

We continued to raise the co-pay and increase the deductibles, until it just made no more sense, trying to keep the costs down.

Just for me and my spouse, it was costing $43,000 per year, with $6000 deductible, $50 copay in network etc.

The system is broke, unless you don't need it.

Why not just save 43,000 in cash instead?

[HemiEd]

Originally Posted by EyePod

Why not just save 43,000 in cash instead?

That is pretty much what we are doing as a company now, to an extent. But it is very risky, because a major medical event, like I had four years ago, can be 5 times that or more.