renegade169
NHS for Teamsters 776
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Wow...we just had our healthcare meeting. I'm not sure about any other situation but my own so here is what I got out of it and when I broke it down to the person putting on the presentation, they had no argument for what I am about to post. I pay $84/yr for the individual consumer choice (aka cheapskate) coverage. In order for me to keep the exact same deductables, co payments, and percentages, I would have to enroll in the premier coverage. Now I would have to pay $840/yr for the exact same coverage in the next few months. BUT...you get $400 as an individual plan holder for your HRA I was told when I started throwing numbers, that I'll get to, at them. (On a side note, they also told me that OBGYN and pediatricians are now included and not specialists...just what a 40 year old male with individual coverage wants to here as justification for f*'ing me out of even more money) Back on track...Let's do some math, shall we? Let's say I utilized all $400 of the HRA...My cost would be $440/yr(840/yr premium mins 400HRA) to get the benefit that I'm currently getting for $84/yr. That's over five times more for the exact same coverage. The justification I was given was this has come about due to the healthcare reform act/obamacare/whatever you decide to call it. They proceeded to say FedEx pays out 1.5 billion dollars a year in healthcare benefits for it's 400,000 persons covered (employees+family/dependents)...I was not given a straight answer as to whether this was the adjusted figure after all premiums paid were factored in .
Anywho, FedEx has been given a tariff of 56 million dollars to cover people who don't have healthcare benefits. Let's simplify these numbers by taking away six decimal spots and giving Fast Freddy the benefit of the doubt that the 1.5 billion dollar estimate is true. FedEx pays $15.00 in benefits and now has to pay 56cents in tax. It equates to a 3.7% tax. What I don't get is why do I have to pay 520% more in premiums for the exact same plan to make up for this 3.7% tax.
Someone posted about our cost of living raise as making up for the higher cost...seriously? Keep drinking the Kool-Aid. That 2.5% raise didn't even keep up with the rate of inflation.
I suppose I could just **** and moan to all my fellow coworkers about how it's a bunch of BS then keep the $84/yr plan and have double my original deductable, less coverage, a 10% higher cost on in and out of network providers. I mean, after all, I wouldn't be a true FedEx employee if I didn't cry about everything and then not do a damn thing about it.
Anywho, FedEx has been given a tariff of 56 million dollars to cover people who don't have healthcare benefits. Let's simplify these numbers by taking away six decimal spots and giving Fast Freddy the benefit of the doubt that the 1.5 billion dollar estimate is true. FedEx pays $15.00 in benefits and now has to pay 56cents in tax. It equates to a 3.7% tax. What I don't get is why do I have to pay 520% more in premiums for the exact same plan to make up for this 3.7% tax.
Someone posted about our cost of living raise as making up for the higher cost...seriously? Keep drinking the Kool-Aid. That 2.5% raise didn't even keep up with the rate of inflation.
I suppose I could just **** and moan to all my fellow coworkers about how it's a bunch of BS then keep the $84/yr plan and have double my original deductable, less coverage, a 10% higher cost on in and out of network providers. I mean, after all, I wouldn't be a true FedEx employee if I didn't cry about everything and then not do a damn thing about it.