Need some advice here - currently at a boutique shop (less than 40 employees). At first, my individual premiums were fairly reasonable. When I got married last year, they increased significantly - assuming they didn’t cover any portion of my spouses premium cost. Now, I had a child this year, and the costs increased again to the point that what I’m paying for benefits is unreasonably high. Anyone had similar issues before?

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Yes your premiums increased again because you’ve added a dependent.

You can ask your employer if there are other company health plan options which are cheaper.

Or your spouse and child can buy cheaper insurance elsewhere.

Thanks for your response. I know why the costs increased and fully understand how benefits programs work. I know I can look at other insurance options outside of my employer during the next renewal period (unfortunately my employer only has 1 plan).

My question was more focused on the competitiveness of their benefits program. Competitive employers cover a portion of cost for benefits, whereas my employer seems to be passing it all at cost to me.

I’m not talking a few dollars here, my premiums are going to cost 15%+ of my base salary which I’ve never experienced before at any other company I’ve worked at.

Hey! I work as an external benefits coordinator for businesses with less than 50 employees. I can help you and the owner find a better and/or more affordable health benefits package.

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