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FedEx Freight | Those that have had the Health Care meeting with the reps. Update the rest of us.

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No F-bdy Bs

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Ours isnt until the 16th.

Could yall give us some details? Id like to have a heads up, maybe get some questions together before i get there, that they might not answer otherwise.
 
No F-bdy Bs said:
Ours isnt until the 16th.

Could yall give us some details? Id like to have a heads up, maybe get some questions together before i get there, that they might not answer otherwise.
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They are doing away with copays. They are putting money in an account to use towards paying your portion of your medical bills. Now you can choose either the plan where you are responsible for 20% of the bill or 30% of the bill. From what she showed us, if you take the standard plan, where you pay 30%, it costs you $12 a week. If you choose the preferred plan where you pay 20% it will cost you $62 a week. They added walk in clinics and ob/gyn to the list that doesn't count against the deductible. It's really not much different unless you are he type who loves to visit the doctor.
So when you go to the doctor, they send the bill to anthem and your portion will be deducted from your "account" until it is gone. Once it's gone you have to pay the 20 or 30%.
 
They said this type of insurance makes us more involved. Instead of paying a copay and not caring about the rest of the bill, since we are paying a percentage, it will make us want to double check the bills to make sure we are not overcharged. So if you are rushed to the hospital for a heart attack, you should ask if they are the cheapest or should you go across town to the other hospital to save some money.
Personally I think what they are asking for isn't really fair. If the doctor says you need a certain test or scan, you believe what they say is what you need. Now you are going to be questioning every test to see if it is absolutely needed. They said we can call Anthem and say this is the diagnosis, what tests are normal for this diagnosis. Because...........the insurance company ALWAYS has our best interest at heart!
 
CRAZYTRAIN said:
Its the shaft trust me the premier is going up a lot 30/70 is not worth the risk
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I have premier now and pay $58 a week The pricing we were shown for the new premier is $62 a week. Weekly contributions are supposed to be 7% higher than last year. We will see when the official pricing comes out.
 
Explain the deductible, for say, double bypass. (major procedure that could exceed $100k)


Dental? Vision?

Options for accidental death, dismemberment?


Right now, i am covering my wife and child. . Best of everything with every option included. Costs me about $80wk.
 
:-) dental vision scropts will be the same , if you had a surgery expect to pay 20% till u reach a family deductible of $3600 not sure on the exact number on the deductable. Ull be paying problem double. Family is now considered more then 1 on the plan and each person has their own deductible.... Not exact on this it was a quick presentation in 15 minutes
 
After all the layers to this onion called obama care is peeled back, I think everyone who has worked and saved their whole lives are going to be handing over all their assets to pay for major medical care. Those who haven't worked and have no intention of working will be getting the same health care as the ones who have tried to better themselves their whole lives. Hey, it's only fair !!!
 
No F-bdy Bs said:
Explain the deductible, for say, double bypass. (major procedure that could exceed $100k)


Dental? Vision?

Options for accidental death, dismemberment?


Right now, i am covering my wife and child. . Best of everything with every option included. Costs me about $80wk.
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The example they gave is an employees husband had lung cancer. His first claim was something like $25000. The family plan puts $800 in your account. So it used all of the $800 and then he hit the deductible and the maximum out of pocket for the year. So once he hit the maximum he is covered at 100%. The second claim was $250000 ish. The family had a few other doctors visits the same year. So they had to pay their 20-30% for those visits since the $800 was already used. In the end, with the 20% coinsurance their out of pocket was around $7000 with the 30% plan it was around $7500.
For the family plan it is around $650 a year for the 30% plan and around $3250 for the 20% plan. So unless you think you will spend $3500 in medical expenses for the year the 30% plan might be a good fit for you.
As for the deductibles. There is a deductible for the employee and one for the family. I don't get why it is set up this way, but it is what it is I guess. Dental, vision, and prescription benefits stay the same. They didn't mention anything about accidental death & dismemberment. The meeting is strictly for medical insurance.
It isn't much different from what we have now. The only difference is instead of paying a copay you pay 20 or 30% of the bill. But the first $800 is paid by the money FedEx puts in the account for you.
 
chitownpeddler said:
The example they gave is an employees husband had lung cancer. His first claim was something like $25000. The family plan puts $800 in your account. So it used all of the $800 and then he hit the deductible and the maximum out of pocket for the year. So once he hit the maximum he is covered at 100%. The second claim was $250000 ish. The family had a few other doctors visits the same year. So they had to pay their 20-30% for those visits since the $800 was already used. In the end, with the 20% coinsurance their out of pocket was around $7000 with the 30% plan it was around $7500.
For the family plan it is around $650 a year for the 30% plan and around $3250 for the 20% plan. So unless you think you will spend $3500 in medical expenses for the year the 30% plan might be a good fit for you.
As for the deductibles. There is a deductible for the employee and one for the family. I don't get why it is set up this way, but it is what it is I guess. Dental, vision, and prescription benefits stay the same. They didn't mention anything about accidental death & dismemberment. The meeting is strictly for medical insurance.
It isn't much different from what we have now. The only difference is instead of paying a copay you pay 20 or 30% of the bill. But the first $800 is paid by the money FedEx puts in the account for you.
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Big Dave said:
Can we add money to these HRA accounts from paycheck deductions?
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Con-way uses the HRA..They're great. If you don't use the money, then it rolls over to next year. No copays to worry about..just walk in and walk out.
 
Let it be asked again.....

Can we add money to these HRA accounts from paycheck deductions?
 
SMOKESTACK said:
Let it be asked again.....

Can we add money to these HRA accounts from paycheck deductions?
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Nope, you can't.

We have the HDHP plan, high deductible/ non-PPO plan, where I work. It has a health savings account associated with it (HSA). We are allowed to add money to it (per tax) up to the government limit. The HSA is employee owned as opposed to the HRA that is employer owned.

I chose the HIP plan because the premiums are half the cost and my company puts $1000 in the HSA plan every year.

Guardrail
 
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The HRA account is an employer owned account and is only funded when an expense is presented. They are only funded by the employer.

With a HRA, you have to make sure the procedure you want reimbursed for is on the approved list of covered procedures, or you will not get reimbursed.

Guardrail
 
So the FSA from wageworks will still be offered?

If yes, that is good to know. We do the max and it is available right at the start of the year. We usually blow through it by June. Kids always have some ridiculous medical or dental issue come up that insurance does not cover.If you have not used it in the past start now. It works just like a CC for covered services and worse case scenerio is you use it and get a email from wageworks that they need a more detailed bill or invoice for the service for it to be covered.
 
Yes, we will probably cap out the FSA too ($5000). Right now I do $2500 and that pretty much covered us in the past. The problem with FSA is its a use it or lose it for the year. The HSA rolls over to the next year if you don't use it all. With these deductibles and the 20 or 30 percent your responsible for, our out of pocket costs are going way up and I would like to get a better tax break on that money. I hope these consumer plans will qualify for HSA.
Thanks for the answers guys.
 
Big Dave said:
Yes, we will probably cap out the FSA too ($5000). Right now I do $2500 and that pretty much covered us in the past. The problem with FSA is its a use it or lose it for the year. The HSA rolls over to the next year if you don't use it all. With these deductibles and the 20 or 30 percent your responsible for, our out of pocket costs are going way up and I would like to get a better tax break on that money. I hope these consumer plans will qualify for HSA.
Thanks for the answers guys.
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I think the cap was reduced to $2500 starting in 2013.

The lose or use it rule does suck but It does roll over for a few months into the new year to still be able to use it.

The one thing that is good though is that say you put $2500 in it, and use it all and than lets say get laid off or no longer work for the company, you do not have to repay it to them. At least that is how it has been for years.
 
Big Dave said:
Yes, we will probably cap out the FSA too ($5000). Right now I do $2500 and that pretty much covered us in the past. The problem with FSA is its a use it or lose it for the year. The HSA rolls over to the next year if you don't use it all. With these deductibles and the 20 or 30 percent your responsible for, our out of pocket costs are going way up and I would like to get a better tax break on that money. I hope these consumer plans will qualify for HSA.
Thanks for the answers guys.
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Unless you are a frequent customer at the doctor's office your out of pocket shouldn't go up much if any. Let's say you have 3 kids and they all go for the annual checkup. Preventative appointments are free..$0 Ok you go to the dock for a severe case of the flu. Let's say a negotiated office visit is $150. You used to pay a $25 copay. Now it will cost you $30/$45 depending which coverage you choose. Since FXF put $800 in your family's account it cost you ...$0 Walk in clinics are now treated like a primary physician visit to reduce the number of emergency room visits.
People are trying to make this out to be way worse then what it is. If you live in your doctors waiting room then yes it will cost you more. If you only go when it is needed then it may actually cost you less.
 
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