Different premiums for employees on LTD
My wonderful mega has a new “feature” nestled in the annual enrollment material this year...a separate premium table for employees who have been on long term disability for 2+ years. The differences are staggering.
High deductible plan for a couple: regular annual premium about $1900; for those on LTD it’s over $10,000. For traditional (non-HD) plan, the premium for a couple is about $3700; for those on LTD it’s over $14,000. And that’s just the premiums-before doctor visits, prescriptions, etc., which I imagine a person on LTD would have alot of.
The coverage between the plans is identical, for deductibles, out of pocket max & co-insurance. But wow, those premiums. Anyone experience this at their mega??