We need to find out what amount FedEx pays for each employee & family plan from any of these guys holding the meetings. I am trying to dig up info and will post what I have found below. Admittedly this stuff is quite complicated to digest/understand and making this a group effort could help straighten out all the facts. It looks like the "penalty" they talk about is an excise tax. So if I read it right FedEx will have to pay a tax if their part of our premiums exceed $10,200 & $27,500.
I found this from
here.
Excise tax
Beginning in 2018, employer plans will pay a 40 percent tax on the amount by which the cost of the plan per enrollee exceeds a cap, initially set at
$10,200 for single workers and $27,500 for families. (In theory, insurers or plan administrators pay the tax, which will presumably be passed through to the employer.) The initial cap may be higher if health costs rise faster than currently projected and the cap will be higher for plans covering retirees or workers in high risk occupations as well as for plans with a higher-than-average risk level (based on age and sex alone). The caps will increase annually,but only by the CPI-U plus 1 percentage point. Calculations of spending per enrollee will consider both employer and employee contributions to the plan, including employee contributions to flexible spending or health savings accounts.
Another company put together this
FAQ for it's employees and it seems to explain it clearer. It provides some example but looks like it may be based on their company. I will quote this below as I can't seem to find this form and maybe others have one handy to help fill in the blanks for the premium paid by FedEx.
Forbes states this:
Based on the plan size defined by the tax, in 2018, about 16% of employer-sponsored plans will be affected. However, if healthcare spending continues to exceed inflation, a greater percentage of plans will qualify as “Cadillac plans”—spending more than $10,200 per employee or $27,500 per family— each year. The tax is tied to the Consumer Price Index (CPI) +1% for the first 2 years of implementation but then just the CPI.