We got notice today from HR to expect 104-116% increase...
I have never understood the math on this. 100% is 1... If your premium is 1000, then 1000*1 is still 1000. If they mean it will double, why don’t they just say that, or 204% - 216%?
I get that they say it is increasing by that much, it just seems as though it would be more succinct to say that your premiums will be 2.04 to 2.16 times greater than they are now.
Maybe I’m looking at this the wrong way...