by: Diane Benjamin
The name of the benefits provider isn’t important, but you should know this is a non-profit insurance provider. Stated in the Benefit Information notice is this:
It’s been more than 5 years since co-payments were last increased for prescription drug benefits, and even longer for most deductible and out-of-pocket maximums.
The notice states these changes are attributed to the Affordable Care Act (ObamaCare). The increase in contribution rates is below. Every participant just got a pay cut. When individuals have less money to spend, what happens to the economy?