We received notice in our office this week that our medical insurance premiums are going up over 48% next year!!! We have a very small group and, because of the health problems I've had in the past year (which simply turned out to be an allergic reaction to blood pressure medicine!) they are increasing our payments. That amount just seems outrageous to me. It's not like my medical bills amounted to even $20,000! They were far below that.
So, we are now forced to shop for a different company or take a high deductible policy. Our budget for next year is already set and we only alloted for a 10% increase since the research we did indicated that was the average amount that PPOs would go up. So much for planning ahead!