August 25, 2009
Your already expensive health coverage is about to get even more costly.
Big insurers surveyed by Aon Consulting figure the cost of health coverage provided by employers will rise more than 10 percent between spring of this year and next.
Your boss might make you pay more to get coverage, reduce your benefits or dole out a smaller raise (if anybody even gets those anymore).
Costs are rising as workers and retirees still covered by employer plans get older. Higher medical costs and greater demand for services are also factors, says an Associated Press report on the findings.
Looking for some good news? Well, cost increases are slowing a tad.
In the spring of 2008, the expected annual increase was 10.6 percent for HMO coverage with a drug benefit, compared with 10.4 percent this year. Go back a little further, say 2006, and the expected increase for comparable coverage was 12.3 percent.
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