Group medical rates continue their double-digit climb, a survey of the nation's largest insurance brokers shows, with most accounts seeing increases in the 11-to-15 percent range.
The Council of Insurance Agents & Brokers released its Spring 2006 Employee Benefits Market Survey of 105 insurance brokers, asking what accounts have experienced over the past six months in the areas of group medical and group life renewals.
The survey found that 45 percent of small accounts (50 or fewer employees) saw group medical rates increase 11-to-15 percent, while 46 percent of medium accounts (between 51 and 500 employees) and 30 percent of large accounts (501 or more employees), experienced the same increases.
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