Little has strained companies’ budgets over the past 10 years as much as healthcare costs … and it ain’t over yet.
Double-digit increases are in store for employers once again, according to the latest estimates.
These new benchmarks from Buck Consultants can let you know what type of hikes to budget for next year.
By plan type
Check out how much more your company should prepare to pay in the next year, based on the type of plans you offer:
- Preferred Provider Organization (PPO): an 11% increase (vs. 11.1% a year ago)
- Point-of-Service (POS): a 10.2% hike (compared with 10.8%
- Health Maintenance Organization (HMO): an 11% jump (vs. 11.1% in 2009), and
- High Deductible Consumer-Driven: a 10.4% increase (compared with 10.7% this year).
An expensive ‘extra’
Of course, the medical plans themselves aren’t the only bills you foot when it comes to employees’ health care.
You’ll want some aspirin for yourself after reading this: When it comes to prescription drugs, you can count on paying an additional 10.8%. That’s on top of the 11.4% more employers were expected to cough up last year.