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FedEx Freight | Don't blame Fedex

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citydog

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To slow growing costs and finance expanded coverage, the ACA imposes an excise tax on high-cost health plans to take effect in 2018.

What's The Issue?
As health coverage expands to tens of millions of Americans--through Medicaid expansion in states and the new state health insurance exchanges that will soon begin selling individual health coverage--some Americans with employer-sponsored health coverage are seeing their benefits decrease.

One of the most significant, and controversial, provisions of the Affordable Care Act is the new excise tax on high-cost health plans proposed to both slow the rate of growth of health costs and finance the expansion of health coverage. The provision is often called the "Cadillac" tax because it targets so-called Cadillac health plans that provide workers the most generous level of health benefits. These high-end health plans' premiums are paid for mostly by employers. They also have low, if any, deductibles and little cost sharing for employees.

http://www.healthaffairs.org/healthpolicybriefs/brief.php?brief_id=99
 
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Citydog, everything that you wrote was 100% accurate to a point. It was a great business idea to reduce the coverage as to not incur the 40% excise tax. My question is this, why does the company then just get to keep the difference as to what they were paying and what they are paying now? Seems to me that money could have been used to bolster other forms of compensation such as wages, 401k match or pension payments that would not have triggered an excise tax . The way I see it, we all just took a huge cut in overall compensation.
 
frtshaker said:
Citydog, everything that you wrote was 100% accurate to a point. It was a great business idea to reduce the coverage as to not incur the 40% excise tax. My question is this, why does the company then just get to keep the difference as to what they were paying and what they are paying now? Seems to me that money could have been used to bolster other forms of compensation such as wages, 401k match or pension payments that would not have triggered an excise tax . The way I see it, we all just took a huge cut in overall compensation.
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Nail. Hammer. Bang. Beautiful. Nice post.
 
SwampRatt said:
I think, as of right now, labor union plans are exempt from said tax.
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And I really think this is what is pushing drivers to seek out the union.

I understand medical insurance is changing.. for everyone, everywhere.. but not all big companies have gone to extent that FEDEX has to make sure they do not get taxed.
 
please show us now that our old healthcare plan even qualified as a "caddilac" plan because last i checked it did not qualify as one and AGAIN it was just a corprate excuse to bone us in the name of profits.
 
feded said:
please show us now that our old healthcare plan even qualified as a "caddilac" plan because last i checked it did not qualify as one and AGAIN it was just a corprate excuse to bone us in the name of profits.
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The really old plans from 9-10 years ago maybe...but the last 4-5 years..I dont think so either..
 
feded said:
please show us now that our old healthcare plan even qualified as a "caddilac" plan because last i checked it did not qualify as one and AGAIN it was just a corprate excuse to bone us in the name of profits.
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I had a 90-10 plan with a $250 deductable when I started in 2008. Might not be a Cadillac, but it was a nicer ride than the pinto they offer now.
 
Guardrail said:
I had a 90-10 plan with a $250 deductable when I started in 2008. Might not be a Cadillac, but it was a nicer ride than the pinto they offer now.[/Q

2005 plan
High cost option
$48 a week for family plan
$ 100 indv. ded/ $ 300 family
Co insurance 100%/0%
Co pay Pcp or specialist $15/$30
Out patient surgery $150 per procdeure no deductible
Outpatient hospital $50 fee
Mri $150 no deductible

Etc..etc..


How it went from this to what is offered now...even with the ACA is mind blowing...
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If I needed to take my kids to an ENT today it would be $175. That is outrageous, considering we have already has $2500.00+ taken out for insurance. What is it we are paying for exactly?
 
princess said:
If I needed to take my kids to an ENT today it would be $175. That is outrageous, considering we have already has $2500.00+ taken out for insurance. What is it we are paying for exactly?
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You're paying to keep the shareholders happy. To keep exorbitant stock and option bonuses in place. You're paying so they don't have to. My medical plan is on the path of significant improvement now at EPH. I hope you all can get the same type of coverage we are going after. Coverage whose sticker price doesn't send you to the ER.
 
SwampRatt said:
I think, as of right now, labor union plans are exempt from said tax.
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i wish someone in the know would post up the pervision that excludes unions from the ACA 40% excise tax.

this alone is a game changer.

If being a part of the union would at least give us some forum of job security that's better then the current "at will employee" language and exclude the company from being penalized for having a great healthcare package like we had 2 year ago it could be argued that going union will actually HELP the company offer us something better
 
citydog said:
To slow growing costs and finance expanded coverage, the ACA imposes an excise tax on high-cost health plans to take effect in 2018.

What's The Issue?
As health coverage expands to tens of millions of Americans--through Medicaid expansion in states and the new state health insurance exchanges that will soon begin selling individual health coverage--some Americans with employer-sponsored health coverage are seeing their benefits decrease.

One of the most significant, and controversial, provisions of the Affordable Care Act is the new excise tax on high-cost health plans proposed to both slow the rate of growth of health costs and finance the expansion of health coverage. The provision is often called the "Cadillac" tax because it targets so-called Cadillac health plans that provide workers the most generous level of health benefits. These high-end health plans' premiums are paid for mostly by employers. They also have low, if any, deductibles and little cost sharing for employees.

Health Policy Briefs
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sorry but I blame fedex the ACA has just started getting underway , At AF it was free, then comes fedex to deduct my pay 200 a month and make me pay for it for 12 years before the ACA was ever even heard about, so what was the problem between 2001 and when the ACA started which the employer mandate hasn't even started yet.
 
I can't find the actual text to quote for you, but there is plenty of info on the topic. The exemption (in current form) seems to go through 2016. Will it be extended? I'd bet yes.

Quick search? Easy reading, start here: https://www.google.com/webhp?source...8#q=affordable+care+act+labor+union+exemption

The actual Law, a tough read if you can stomach it. I can't.

http://www.gpo.gov/fdsys/pkg/PLAW-111publ148/pdf/PLAW-111publ148.pdf

http://www.gpo.gov/fdsys/pkg/PLAW-111publ152/pdf/PLAW-111publ152.pdf

Source: https://www.healthcare.gov/where-can-i-read-the-affordable-care-act/
 
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It's all BS in our health care meeting we were told that 2013 the company spent about 1 billion dollars and in 2014
the plan that we were told that the company had to give us do to Obama plan they spent 1.5 billion.
So tell me how this is better because we are spending more for less and fedex is spending more.
 
OK so they are spending more on insurance but profits are up. Bonuses are up.(just for management of course) We get little or no raise until the union threat. To my knowlege other non union companies hav'nt gutted thier insurance the way fedex has. They make their story very hard to believe. Billy says WE don't need a third party. He does'nt give us a reason why we don't need a third party. Is this a secret? Tell us why we don'nt need a third party. What are you going to do? Instead fedex talks about how bad the union is not acknowedging any problems with solutions.
 
I would like to invite those who read here on these boards but post at certain anti union boards to post here in this thread.
I keep reading that you women whose husbands are drivers or women who work for Fedex as staff do not have to pay for Dr. Appt 's. Ever, and you pay 2-3 $ for prescriptions.

I am wondering how? Do you all have Cigna or is it Anthem?

Do you have kids? Do they ever have to see specialists ever like ENT's or neurologists? Has your HRA been gobbled up by these kinds of doctor visits? If not, did you know that because there are no negotiated rates, these visits cost as much as $175.00 every other month?

Do you know if any divers whose kids with let's say Down syndrome or Autism who have been able to get speech language therapy, occupational therapy or ABA therapy? More than likely not..because Fedex has chose to not cover any of it. It is mandated in dozens of states but they use the excuse that they are exempt because they are self funded. Did you know this?

Did you know they sponser a racecar for Autism Speaks and give away a free kit but will not cover the only proven therapy for Autism, which is a medical condition .. a neurolocigal one.

Did you know that a board member from Fedex sat on the Autism speaks board, giving talks about how all children deserved to be covered and help pass this mandate but yet, Fedex still does not cover it?

You say that we should be grateful we are even offered insurance. That it could be worse, or cost even more. That the ACA makes it immpossible for anyone to have better insurance.That everyone will have these types of insurance policies. Drivers should get over it and take it or leave just leave Fedex.

I say that it is about time drivers stir the pot. Nobody listens to them. Safety, HR, hotline...its all pointless and worthless at this point. Drivers should not have to be walking on eggshells as much as they have had to the last 3-4 years. They should not have to wonder if this is the day someone gets a bug up their______ and makes their lives miserable on purpose. Which hapens, all the time. Everyday.

These drivers have 5-10-15+ yrs. Invested in this company. I read a statement on a board that they sure hope Fred Smith remembers just how much work and support they are giving to promoting anti union at their terminals. I think you will be given as much thought as the drivers who uprooted and followed freight only to be starved out.
 
princess said:
Did you know they sponser a racecar for Autism Speaks and give away a free kit but will not cover the only proven therapy for Autism, which is a medical condition .. a neurolocigal one.
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can you pleas share with us what treatments exactly you are referring to?

Did you know that a board member from Fedex sat on the Autism speaks board, giving talks about how all children deserved to be covered and help pass this mandate but yet, Fedex still does not cover it?
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If he is a board member then he is a public figure for fedex and we should all know his name... please do share.
 
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