Insurance

Discussion in 'XPO Logistics' started by anosyone, Oct 12, 2017.

  1. anosyone

    anosyone Member

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    Anyone heard anything?
     
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  2. ole man

    ole man Active Member

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    Haven’t heard a word but after the butcher of our plan last year to catastrophic insurance, I’d say we’re gonna be lucky to have insurance!
     
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  3. sucker666

    sucker666 Well-Known Member

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    My wife was hospitalized this year fortunately she's fine but we found out how lacking are insurance is. They wanted everyone to focus last year on your weekly premium while the real reduction was in you out of pocket expenses.
    I doubt they do anything this year but look out for next year!
    ""Results matter"
     
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  4. wltdo

    wltdo Active Member

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    This is only my feelings but,as much as this guy has cut I think insurance will be no different. Hope I am wrong
     
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  5. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    We all must not forget that the ACA/Obozocare screw up and made insurance costs and medical cost higher. I know my wife and I have insurance through her work before ACA it was in the mid $80 range every two weeks for a top of the line plan. After the ACA the next year the premiums doubled and now that say plan would cost us over $250 every two weeks. We now have a health spending account type of plan through her work and it still be the pants off of this place
    The one thing I believe is since I don't take the insurance for myself I should be paid the difference. My last job paid me $1,200 a year because it didn't take there insurance
     
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  6. guitarman1

    guitarman1 Active Member

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    Just glad I have a good insurance plan with my Wifes company...
     
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  7. Rollin

    Rollin Member

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    You would think he'd have to keep it somewhat competitive with other LTL companies, right? OD, FedX.
     
  8. sucker666

    sucker666 Well-Known Member

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    Hardly a high bar
     
  9. LTLIndentured

    LTLIndentured Well-Known Member

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    As long as people keep applying to drive his trucks he doesn't care how far behind other ltls xpo gets
     
  10. LTLIndentured

    LTLIndentured Well-Known Member

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    And kids will keep applying. Money here with no degree is far and away higher than most others
     
  11. smokin'joe

    smokin'joe Well-Known Member

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    What's the word, early birds?
     
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  12. vppforme

    vppforme Member

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    Weekly rate increase by a couple dollars on each plan

    New 401k match option for employees hired after 1/1/2010

    Roth contribution available through troweprice in 2018

    Xpo stock purchase plan avail through Morgan Stanley at 5% discount.

    New commuter savings account (CSA)for those using mass transit to assist with expenses

    That’s what stood out
    Seems like a lot of the coverage is the same. Copays went up a little on ppo
     
  13. sucker666

    sucker666 Well-Known Member

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    Sorry to hear that your insurance went up . I would have thought they wouldn’t have done that this year.
    Just concentrate on what changed with your insurance and not the shiny objects put out there to distract. The devil is usually in the detail.. weekly premiums are not everything. It’s what your coverage is when you need it
     
    Last edited: Oct 30, 2017
  14. smokin'joe

    smokin'joe Well-Known Member

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    Kinda like the copays increasing 30% on the PPO plan.
    So much for that group rate thing.
     
  15. sucker666

    sucker666 Well-Known Member

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    The copays are going up 30% on copays for ppo ? Well maybe you can offset that with mass transit savings program.
    I hope they did not go up that much that would suck .
     
    Last edited: Oct 30, 2017
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  16. joes bar and grill

    joes bar and grill Well-Known Member

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    That's pretty good, you have a workforce that predominately works late nights , but if they take the bus to work and don't get mugged, then you get money?
     
  17. sucker666

    sucker666 Well-Known Member

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    It is a Irs backed plan that was available to employers to offer for some time now. It allows employees to save pre tax money in a account to offer set public transit cost. It’s not a bad thing doesn’t cost the employer anything. Encourages use of public transit.
     
    Last edited: Oct 30, 2017
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  18. sucker666

    sucker666 Well-Known Member

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    Anyone know what the changes to the 401k are?
     
  19. vppforme

    vppforme Member

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    Employees hired after 1/1/2010 will get 100% match up to first 3% contributed and 50% match for the next 2% contributed.

    If you contributed 5%, you would get 4% (max) from company.

    No contribution changes for those hired before 1/1/2010


    Also all employees will have Roth IRA contribution option available.
     
  20. sucker666

    sucker666 Well-Known Member

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    Thanks
     

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