Jan. 17, 2005: ACCA Releases Study On Health Benefit Costs
ARLINGTON, Va. - Health insurance costs have continued to rise dramatically for HVACR contractors over the past two years, leading many to lower the benefits they offer to their employees, according to a new study released by the Air Conditioning Contractors of America (ACCA). Last fall the association conducted a survey of more than 200 contracting companies in an effort to update a previous analysis, released in 2002.
According to ACCA, 79 percent of respondents received premium increases of more than 10 percent in 2003, with 26 percent posting premium increases of more than 20 percent. In 2004, 69 percent of participants saw their premiums increase more than 10 percent, and 22 percent saw increases of more than 20 percent.