Earnings report

[bacha29]

Want to know the irony in all of this? While you guys agonize over your present and future healthcare and health insurance needs yet if I or anyone were to even mention the proposed plan to allow people to buy into in Medicare at age 55 if they chose to do so you would all be screaming SOCIALISM!!!. Yet, 10 years later you would all be overjoyed when you reach 65 and happily sign up for the one of the world's largest socialized healthcare programs.
At the same time however, there is simply no excuse for Fat Freddy's joke of a healthcare plan that provides present and retired employees with so little in the way of protection from healthcare bills bankruptcy.

Each and every one of you deserve a better outcome than the one you're currently facing.

 

[fdxsux]

Anybody not taking the best health care from their work is an idiot. You choose the best plan. Every time. Even the 80 broad isn’t very good.

I would be an idiot if I took the higher coverage/more expensive plan. My family rarely uses our insurance. I’d just be throwing money away in higher premiums.

 

[bacha29]

I would be an idiot if I took the higher coverage/more expensive plan. My family rarely uses our insurance. I’d just be throwing money away in higher premiums.

It all depends on whether or not you have sufficient resources readily available to cover the deductibles and maximum out of pocket charges for which you are fully liable. Especially if it's set up on a case by case basis rather than total yearly charges.

 

[falcon back]

It all depends on whether or not you have sufficient resources readily available to cover the deductibles and maximum out of pocket charges for which you are fully liable. Especially if it's set up on a case by case basis rather than total yearly charges.

You are saving $2700 a yr on premiums. There is your resources. If you paid 2 family members deductible and went to max out of pocket on those same 2 family members, you are still saving money. Basic math. Max out of pocket and deductible amounts between the plans is very small considering 1 plan is $2700 a year more

 

[Nolimitz]

I would be an idiot if I took the higher coverage/more expensive plan. My family rarely uses our insurance. I’d just be throwing money away in higher premiums.

until you really need it. S__t happens to even the healthy. pretty short sighted IMHO

Your kid on his bike just got hit by a car. driver has no ins. What then. cant bleed a rock. DAMHIK

 

[NC man]

Have me and two daughters, 125 month . 70 plan. If something bad happens you are gonna hit max and deductible anyway, might was well go cheaper on monthly. Wife has her own at work,

 

[falcon back]

until you really need it. S__t happens to even the healthy. pretty short sighted IMHO

Your kid on his bike just got hit by a car. driver has no ins. What then. cant bleed a rock. DAMHIK

Another poor soul that needs to do the math. Compare premiums to each other. Compare max out of pocket and deductibles and you will see there is basically zero difference between the two plans when you consider 1 plan cost $2700 more a yr than the other. Or, you can keep paying too much for medical insurance.

 

[bacha29]

until you really need it. S__t happens to even the healthy. pretty short sighted IMHO

Your kid on his bike just got hit by a car. driver has no ins. What then. cant bleed a rock. DAMHIK

Toss in a Medivac helicopter ride to a trauma center for emergency surgery along with months of rehab.

 

[falcon back]

Toss in a Medivac helicopter ride to a trauma center for emergency surgery along with months of rehab.

Apparently you aren't intelligent enough about medical insurance to know how "Max out of pocket" works. Get someone to explain it to you.

 

[bacha29]

You are saving $2700 a yr on premiums. There is your resources. If you paid 2 family members deductible and went to max out of pocket on those same 2 family members, you are still saving money. Basic math. Max out of pocket and deductible amounts between the plans is very small considering 1 plan is $2700 a year more

Now if the individual took that 2700 and put it in a HSA or a separate "no touch" bank account and had it on hand to use to cover the deductibles and max's and never had to use all of it they would have come out ahead. But who does that? Not many people, I feel quite confident of that. And what kind of deductibles and max's are you talking about? Most Medicare Advantage plans carry a $750 deductible and $7500 max out of pocket.

 

[Lates]

Employee and spouse requires family coverage. Employee and children does not. I have the same option on the Retiree plan. Family on the 70% plan was about $350 a month WITH the spouse surcharge before I left.

Maybe it is different since you left but adding anyone now makes it family coverage.

 

[McFeely]

Now if the individual took that 2700 and put it in a HSA or a separate "no touch" bank account and had it on hand to use to cover the deductibles and max's and never had to use all of it they would have come out ahead. But who does that?

Especially when the many FedEx employees consider themselves underpaid. Tough for many to save $2700 when you gotta pay rent or raise a kid as a single parent (or many other things).

 

[falcon back]

Now if the individual took that 2700 and put it in a HSA or a separate "no touch" bank account and had it on hand to use to cover the deductibles and max's and never had to use all of it they would have come out ahead. But who does that? Not many people, I feel quite confident of that. And what kind of deductibles and max's are you talking about? Most Medicare Advantage plans carry a $750 deductible and $7500 max out of pocket.

Medicare Advantage? What are you talking about? I am talking about Employee Insurance. $2700 savings account is exactly what I did a number of years ago. We have a representative from the insurance come speak to our station years ago. She showed us the math and how saving the difference between the 2 premiums each week could reap big rewards. One of our managers had a kidney transplant and he explained to the entire station how the 70% plan was just as good as the 80% plan when you consider the premium difference. The max out of pocket difference was less than $1000.

 

[MAKAVELI]

Medicare Advantage? What are you talking about? I am talking about Employee Insurance. $2700 savings account is exactly what I did a number of years ago. We have a representative from the insurance come speak to our station years ago. She showed us the math and how saving the difference between the 2 premiums each week could reap big rewards. One of our managers had a kidney transplant and he explained to the entire station how the 70% plan was just as good as the 80% plan when you consider the premium difference. The max out of pocket difference was less than $1000.

They're both crap plans, especially with the new United Healthcare provider network. Some people would rather pay the extra premium to lessen the blow from major procedures.

 

[falcon back]

Especially when the many FedEx employees consider themselves underpaid. Tough for many to save $2700 when you gotta pay rent or raise a kid as a single parent (or many other things).

How is it difficult to save $2700 when you paying that exact $2700 in insurance premiums? When I left, 80 narrow was about $55 a week higher than 70 narrow. You can either pay 80 narrow premiums or you can you can pay 70 narrow premiums and put that $55 you are saving in the bank. Either way, the same amount of money is coming out of your check. With 80, your money goes to pay the higher premium. When you pay 70 premium and save the $55, you have just spent the same amount of money but that $55 adds up and when and if you have a max out of pocket claim, the money is there to pay the difference. If you don't have a large claim, the weekly deposit is still in the bank.

 

[bacha29]

Medicare Advantage? What are you talking about? I am talking about Employee Insurance. $2700 savings account is exactly what I did a number of years ago. We have a representative from the insurance come speak to our station years ago. She showed us the math and how saving the difference between the 2 premiums each week could reap big rewards. One of our managers had a kidney transplant and he explained to the entire station how the 70% plan was just as good as the 80% plan when you consider the premium difference. The max out of pocket difference was less than $1000.

You said the "difference" in max out of pocket was less than a $1000 . That doesn't say anything. So just exactly what is your plan's yearly (assuming that it's yearly) deductible and Max out of pocket expense? Moreover does it have a prescription plan and what does it say regarding out of network providers?

 

[falcon back]

Maybe it is different since you left but adding anyone now makes it family coverage.

Maybe your right but why did NC Man say he only covers himself and 2 kids. If adding his wife only involves paying the surcharge, why wouldn't he add her? I know when I was on Cobra and before I retired the employee plus children was cheaper than employee and spouse. Anytime you added a spouse, you paid family. When you only added children, it didn't make you go to family. Must have changed since I left.

 

[falcon back]

You said the "difference" in max out of pocket was less than a $1000 . That doesn't say anything. So just exactly what is your plan's yearly (assuming that it's yearly) deductible and Max out of pocket expense? Moreover does it have a prescription plan and what does it say regarding out of network providers?

You are confused. I am talking about Fedex employee insurance. The 70 narrow and 80 narrow have the exact same limitations, providers and rules. They both have prescription plans and both discourage out of network visits. One is just cheaper than the other and covers 10% less bills until you meet your max out of pocket, then everything is covered 100%. The differences in the 2 coverages is very minimal but the difference in premiums is pretty substantial.

 

[bacha29]

You are confused. I am talking about Fedex employee insurance. The 70 narrow and 80 narrow have the exact same limitations, providers and rules. They both have prescription plans and both discourage out of network visits. One is just cheaper than the other and covers 10% less bills until you meet your max out of pocket, then everything is covered 100%. The differences in the 2 coverages is very minimal but the difference in premiums is pretty substantial.

Right. That's how it works. But just exactly in terms of dollars is your plan's annual deductible and maximum out of pocket? And how does it's drug formulary work? What does it pay and not pay for Tier 1 through Tier 3 prescription drugs? What are it's coverages when the "donut hole" is reached. Who are it's preferred pharmacies? It might discourage the use of out of network providers but what is it's position if the individual requires emergency treatment and it just happens to occur when the patient is geographically out of the network's service area?

 

[McFeely]

How is it difficult to save $2700 when you paying that exact $2700 in insurance premiums?

You know as well as I do that if that $2700 is on a person's paycheck (especially those living paycheck to paycheck) they will spend it. If it's taken out before it hits their bank on payday, it will be saved. This is much like the psychology of saving for a 401k, etc. If it's gone before it hits your bank, you don't notice it as much.

I'm not saying this is my situation, but there are many people who want their net paycheck to be as big as possible. Especially those making $17.79/hour.