TerryinMD
Veteran Member
Our corporation postponed it's annual benefit enrollment last fall. The reason given was that there were significant cost increases and the company was trying to come up with the best plan for their employees.
We'll here is what they have done:
POS Medical plan - increased by 42%
Dental plan - increased by 146%
Vision plan - increased by 38%
Some more of the benefit package:
removal of free long distance benefit - $25 a month
suspension of stock option plan
no merit increases.
The terrible part about the last three mentioned was that the employees heard about it on the internet and news before the company send out employee notices. Talk about a slap in the face. /w3tcompact/icons/shocked.gif/w3tcompact/icons/mad.gif
I have heard of other companies postponing the annual enrollment period and that insurance costs have gone up.
Are other TBNers having the same thing happening to them?
Terry
We'll here is what they have done:
POS Medical plan - increased by 42%
Dental plan - increased by 146%
Vision plan - increased by 38%
Some more of the benefit package:
removal of free long distance benefit - $25 a month
suspension of stock option plan
no merit increases.
The terrible part about the last three mentioned was that the employees heard about it on the internet and news before the company send out employee notices. Talk about a slap in the face. /w3tcompact/icons/shocked.gif/w3tcompact/icons/mad.gif
I have heard of other companies postponing the annual enrollment period and that insurance costs have gone up.
Are other TBNers having the same thing happening to them?
Terry