Of the AARP Health insurance costs go next year due to the rapidly rising medical costs that have been partially fueled by the review of the health, the AP is reporting.
Premiums for employees of the group will rise by 8% to 13% next year, says the story.The Association is the change of co-pays and own risks to prevent a 40% tax on high cost health plans that run in 2018, according to the AP. Approximately 4,500 people fall of group plans.
In an October 25, email, Jennifer Hodges, said of the AARP Director of compensation and benefits, “Plan value changes necessary not only from the point of view of cost control, but also to ensure that the AARP plans below the threshold for high cost group plans under health care reform fall.”
The approval of senior citizens lobby helped get the law passed back in March. According to the AP story, the Association by that move and says that the health law, therefore, a “small part” of the cost of the staff health go up.
“The impact on AARP workers is not a factor at all in our policy, which focuses on the implications for our membership and all older Americans,” told the Group Legislative Affairs Director, David Certner, the AP.
Other companies have already in the new law to make changes to their health supply, including Boeing and 3 m, which the WSJ wrote about here and here.