Health Insurance

A raise erased by higher healthcare costs

A raise erased by higher healthcare costs

Question: After my husband receives his annual review and cost-of-living raise, he will be in a new pay bracket. When this happens, the cost of his health insurance will increase as well -- way beyond the raise he would receive -- so he will be bringing home significantly less in his paycheck. His coverage and benefits will not change. Getting a raise is actually going to cost us money! How is this legal?

Answer: As healthcare costs have risen in the last two decades, more employers have adopted a "the more you make, the more you pay" approach to healthcare coverage, says Gary Kushner, president of Michigan-based human resources consulting...

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