A Lancaster County company says its feeling the negative effects of the Affordable Care Act.
The President of Garden Spot Electric, Clayton Good, tells FOX43 that his employees will soon have to pay almost 5 times the out of pocket expense than their current policy.
Good is sending a letter home with his employees to warn them that their health care cost and what the plan covers will be change.
Good has worked at Garden Spot Electric for the past 30 years.
His company doesn’t have to offer health insurance to its employees because it employs less than 50, but it does to help them out.
Good says that could all change because of the Affordable Care Act.
“We’re paying 15 percent more as a company and they will pay a lot more to match the same coverage they would’ve had before — a substantial amount more,” says Garden Spot Electric President, Clayton Good.
The maximum out of pocket expense for family coverage is going from around $2,000 to $10,000.
“Definitely have to plan more for a catastrophic event,” says Project Foreman with Garden Spot Electric, Justus Moyer.
For Justus Moyer who has a wife and 6 children, he says it’s more than he can handle.
“2500 to 3000 dollars you could work around but you’re talking now, 10,000 that changes how you look at stuff,” says Moyer.
Adam Gentzler with Gentzler and Smith says premiums and deductibles are rising across the country because the Affordable Care Act requires certain benefits to be covered for everyone.
“What happens is the healthy individuals who we were able to sell a policy to for 98 dollars a month now their policy is 212 dollars a month because of the mandates they’ve put in place,” says Gentzler.
Starting January 1st immunizations for children will be completely covered and people up to age 26 will be able to stay on their parents health plan.
But Gentzler believes its the younger generation who will really feel the strain.
“You got people that have college loans, they have apartments that they’ve got to pay for they might have children they have to pay for the last thing on their mind is paying 200 dollars a month for health insurance,” says Gentzler.
Good says if premiums increase he may be forced to have his employees find health care somewhere else, but he says that’s a last resort.