Scaled Back Benefits

All current employees will begin to see changes in their employer sponsored health insurance policy as early as January 1, 2011. The initial changes will be slow and steady to give the employee an opportunity to digest what is about to happen to their health insurance system.

What all employees will experience is the reduction in opportunities afforded to them through the health insurance industry and the medical health care community. All citizens are now mandated to pay for an affordable health insurance policy that will do nothing to provide the needed medical health care they need.

In essence, the reality is that this new health insurance provision is nothing more than a very high tax on all citizens to provide health care coverage for those who traditionally have had no health insurance coverage. Look what is happening to our senior citizens, our parents, aunts, uncles, and friends.

The government with one clean sweep removed half a trillion dollars from the Medicare system at a time when the baby boomers are beginning to enter. How well is this going to set with you when you are being denied more health care coverage than you are being afforded? Employers are also scrambling and trying to locate an affordable health insurance policy that will satisfy the needs of their employees, while employees ask:

1.      Will there be new health insurance benefits

2.      Will benefits be scaled back

3.      What happens to the average monthly cost for health insurance

4.      Employee enrollment in the Class Program for long-term care (new payroll deduction)

5.      Health insurance premiums will continue to increase

All employees will be allowed to keep their children on their health insurance policy until they reach the age of twenty-six, per federal law. The added cost will entice many current employers to alter the type of low cost health insurance they offer to their employees and may request a higher co-payment, which is deducted from the employee’s salary.

Other employers may have the coverage afforded to the employees reduced and only cover the bare minimum because of the rising costs. Regardless of what the employer tries to do, the annual health insurance premiums will continue to rise.

What is interesting is the new mandated Class Program that will cover long-term care. This is going to be a new payroll deduction for all employees that will begin January 1, 2011 but no one is aware of what the cost for this health insurance additive will be.