10y
Thank you for reviewing Sixt. It’s great to hear that you enjoy your co-workers and appreciate the open door policy that our managers have. We appreciate your dedication over the years’ time that you have been with the company.
We understand your concern regarding health insurance. Medical premiums have gone up across the country due to the Affordable Care Act’s (ACA) minimum essential coverage mandate. Regrettably, this has placed us in this tough situation. It was not something we could have predicted well in advance. After comparing different plans across multiple carriers (United, Cigna, Florida Blue, etc) the plans we are offering are the cheapest and most comprehensive available for the company. Compared to other carriers, the rates we are offering are very low, even against those offered on The Marketplace.
Before the ACA, premiums rose from year to year and Sixt was able to cushion that blow for employees by absorbing the annual increase in premiums. Since 2011, employees have only seen one increase in premiums in 2015 when the deduction for our bronze plan increased from $0 to $10 per pay check (bi-weekly). Unfortunately this year, in effort to offer the same type of plans and coverage that our employees have become accustomed to, and is now mandated, we had to share the burden of cost with our employees. This is not and has never been our intent. Next year, during open enrollment, we hope to be able to more heavily subsidize the employer sponsored healthcare offerings, once again lowering the deductions for employees.
Please keep in mind, plans on “The Marketplace,” may at first appear to have a lower cost, however, those plans tend to have higher deductibles, higher out of pocket costs and a smaller network of coverage. Please remember that premium cost is not the only factor in what a person will pay for coverage. The plans we are offering are less expensive and provide better coverage than what an employee can find on their own.
Our goal is to continue to provide the best coverage at the most affordable price for our employees. Sixt is moving forward and growing strong. We appreciate your patience while we encounter some growing pains, typical of a start-up organization. If you have additional questions, comments or concerns, you are welcome to contact our VP of Human Resources, Gaddy Fernandez at 954-874-1793.
