Sub Specialty Contractor

Our company is small specialty contractor in the Atlanta, GA area.  We have only 25 employees.  We want to offer health insurance to our employees but the rising costs are making this a difficult benefit to keep.  Last year, we experienced an 80% increase in premiums.  I would love to hear if others are experiencing these same kinds of increases and what alternatives you may have come up with. 

Thanks.

Kathy Moore | CFO | glass|stream | 770.428.8599 x 203

We're a similar size company and have experienced substantial increases each year.  I'm very worried about our next renewal.  If the rates go up much this year, we may need to back off on the percentage of premiums we pay.  Adding fuel to our labor shortage.

I checked with our broker yesterday about a partial self-funded plan and he seems to think those rates would be similar to our plans with BCBS.  Any suggestions on what other companies are offering would be helpful.

Sincerely,                                                                           

Carolyn Brister

Finance Manager/Controller

Momentum Mechanical, Inc.

2504 Gravel Dr.,  Fort Worth, TX  76118

817-624-0024 Office     817-846-6476 Cell

cbrister@momentummechanical.com

Our company is small specialty contractor in the Atlanta, GA area.  We have only 25 employees.  We want to offer health insurance to our employees but the rising costs are making this a difficult benefit to keep.  Last year, we experienced an 80% increase in premiums.  I would love to hear if others are experiencing these same kinds of increases and what alternatives you may have come up with. 

Thanks.

Kathy Moore | CFO | glass|stream | 770.428.8599 x 203

Our company is small specialty contractor in the Atlanta, GA area.  We have only 25 employees.  We want to offer health insurance to our employees but the rising costs are making this a difficult benefit to keep.  Last year, we experienced an 80% increase in premiums.  I would love to hear if others are experiencing these same kinds of increases and what alternatives you may have come up with. 

Thanks.

Kathy Moore | CFO | glass|stream | 770.428.8599 x 203

Hi Kathy, we have roughly the same number of employees not covered under collective bargaining agreements and have been using an Aetna high deductible plan coupled with a product called the Difference Card from EB Employee Solutions, LLC. The Diff Card is a form of self-insurance where we reimburse employees for 50% of co-pays (POS doctor offices, pharmacies) and 75% of deductibles (direct deposit to employees bank accounts, no paperwork needed). You can tailor those reimbursement % to whatever you want.  This has worked well for our relatively healthy group of employees and kept our Aetna premium increases consistently under 10%. Hope that helps; good luck. John

John Bieber, CPA, CCIFP

Chief Financial Officer

 NATIONAL  Glass & Metal Co., Inc.

1424 Easton Road; Suite #400     Horsham, Pennsylvania 19044

D: 267-532-1780  ǀ  O: 215-938-8880  ǀ  C: 267-650-9271 

Our company is small specialty contractor in the Atlanta, GA area.  We have only 25 employees.  We want to offer health insurance to our employees but the rising costs are making this a difficult benefit to keep.  Last year, we experienced an 80% increase in premiums.  I would love to hear if others are experiencing these same kinds of increases and what alternatives you may have come up with. 

Thanks.

Kathy Moore | CFO | glass|stream | 770.428.8599 x 203

Hi Kathy, we have roughly the same number of employees not covered under collective bargaining agreements and have been using an Aetna high deductible plan coupled with a product called the Difference Card from EB Employee Solutions, LLC. The Diff Card is a form of self-insurance where we reimburse employees for 50% of co-pays (POS doctor offices, pharmacies) and 75% of deductibles (direct deposit to employees bank accounts, no paperwork needed). You can tailor those reimbursement % to whatever you want.  This has worked well for our relatively healthy group of employees and kept our Aetna premium increases consistently under 10%. Hope that helps; good luck. John

John Bieber, CPA, CCIFP

Chief Financial Officer

 NATIONAL  Glass & Metal Co., Inc.

1424 Easton Road; Suite #400     Horsham, Pennsylvania 19044

D: 267-532-1780  ǀ  O: 215-938-8880  ǀ  C: 267-650-9271 

Our company is small specialty contractor in the Atlanta, GA area.  We have only 25 employees.  We want to offer health insurance to our employees but the rising costs are making this a difficult benefit to keep.  Last year, we experienced an 80% increase in premiums.  I would love to hear if others are experiencing these same kinds of increases and what alternatives you may have come up with. 

Thanks.

Kathy Moore | CFO | glass|stream | 770.428.8599 x 203