A specialty food retailer in New Jersey with 90 employees on their healthcare plan was facing a 16% increase in cost. This represented the third consecutive year of double digit increases.
The company was surprised at the increase given the fact that over the past few years they had raised the employee deductible significantly.
They requested information from their current carrier as well as their broker for the reasoning behind the increase.
Their request for information was denied due to the fact that they were in a fully insured plan and under 100 employees.