Resurrection recently announced its 2012 benefits package and open enrollment period for employees. Many employees will be paying over 20 percent more for health insurance and Resurrection will eliminate the employer-paid short term disability insurance as of December 31, 2011. In addition, Resurrection has cut the amount of PTO time that employees may accrue.
Here is a breakdown of the changes:
Health Insurance Increases
Most employees covered under the CIGNA PPO will pay more than 20 percent higher premiums. Deductibles will increase 50 percent, from $400 to $600 for an individual and from $1200 to $1800 for a family. Over the past two years, Resurrection has raised the PPO deductible 71 percent, and increased premiums, depending on the plan, 32 to 52 percent.
Cuts in Short-Term Disability Insurance
Previously paid by Resurrection, employee now must pay the premiums themselves or opt-out of short-term disability coverage altogether.
Cuts in Maximum PTO Accrual
Resurrection has limited the maximum amount of PTO that employees can accrue from 1.5 percent of the yearly accrual to 1.25 percent.