Originally Posted by
crj700
The 1% increase applies to the percentage of the premium cost that we pay, not the premium increase. If the total annual premium for an employee is $1000 then @ 34% our portion would be $340 with an increase to $350 with a 1% increase. But if the annual premium goes to $2000 annually, our payment would be $700 @ 35% (1% increase).
The devil is in the details (and the math)!