Have any of you had your healthcare affected recently?
The company I work for recently had a meeting on healthcare. It’s a small business, and the costs have become prohibitive enough that we had to significantly reduce our network. At least the benefits are the same though.
We also work with a very large number of small to midsize companies. A lot of them are not able to keep up with the costs and have had to drop their employees’ coverage all together. Some of them, especially the ones with around a few hundred employees, are talking about retiring and selling the business, or just shutting down completely once the whole of the healthcare reform goes into effect.
Pretty much everyone is being extremely tentative about hiring anyone new until they know for sure what will happen and how much control they’ll have. The gentleman we work with for our healthcare has been to no small number of conferences on Obamacare and described it as “a complete mess”. They don’t even know all the regulations they’re going to pass yet. Except whatever they are, they’re already effective.
And the absolute worst part of it is I’m wondering if they’re going to remove FSA’s/HSA’s all together. The best part of my “healthcare” is a generous contribution from my ER into an FSA. As a young healthy man, this covers my healthcare costs completely. If FSA’s and HSA’s get tanked then my healthcare costs will technically have risen by like infinity.
Can someone remind me what the upside of this was?