All benefits are going up. The pandemic has created a surge in usage especially related to mental health. Our provider has sent us a 6 month update, due to the dramatic increase expected this year, showing spending to date compared to prior years full year spending. Currently we are tracking at having spent the same amount in 6 months that was spent the entirety of last year. We talked with our provider last year and unless staff want reduced services, which they do not, we are expecting a 23 – 25% rate increase this fall.
Going to “market” may save us a little the first year but the insurer will make it up in the following years.