Friday, September 10, 2010

Health Insurance Costs Increasing?

I've read a couple of articles like this one and this one recently. They all suggest that health insurance costs will rise for individuals and small businesses as a result of the recently enacted health care reform.

Further evidence of this potential increase in costs was the 26% rate increase that our insurance provider quoted us to renew our insurance coverage this year. Additionally, they refused to negotiate any rate relief with us. To be fair, their reason for the increase was our unusually high loss ratio - not health care reform. Needless to say, whatever the reason, we're shopping for a new insurance provider again this year.

Thought I'd put this out there as a heads up for any churches or small businesses with less than 100 employees.

No comments: