Earnings report

[falcon back]

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?

LOL. You must be drunk. Have a good night.

 

[falcon back]

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.

So paying too much for insurance because it comes out of your paycheck makes sense? Then the employee should contribute to a Flexible Spending Account with the difference between the 70 and 80 premiums. They never see the money.

 

[bacha29]

LOL. You must be drunk. Have a good night.

You're simply running away from the fact that a health insurance plan is only as good as the coverage it provides. In your case you only see it from how cheap the premiums are. The reason you won't disclose the deductible and max out of pocket is that you're so obsessed with premiums that you don't even know what they are. Which again comes down to what are the coverages and what charges are you the subscriber responsible for.

 

[falcon back]

You're simply running away from the fact that a health insurance plan is only as good as the coverage it provides. In your case you only see it from how cheap the premiums are. The reason you won't disclose the deductible and max out of pocket is that you're so obsessed with premiums that you don't even know what they are. Which again comes down to what are the coverages and what charges are you the subscriber responsible for.

Did you sober up and realize you were very confused?

 

[bacha29]

Did you sober up and realize you were very confused?

I'm completely sober. In fact I don't drink period. Problem is you don't know as much about health insurance as you think you do. In fact you don't even know enough about your own plan to offer even a brief outline of it's coverages, exclusions and coverage limitations. You're only able to see it from the standpoint of premiums. Well Bud, health insurance is like anything else..... You get what you pay for.

 

[falcon back]

I'm completely sober. In fact I don't drink period. Problem is you don't know as much about health insurance as you think you do. In fact you don't even know enough about your own plan to offer even a brief outline of it's coverages, exclusions and coverage limitations. You're only able to see it from the standpoint of premiums. Well Bud, health insurance is like anything else..... You get what you pay for.

The information you are requesting is there for everyone that has Fedex Insurance to see. The packet goes out every October. I can see every deductible, every max out of pocket amount, every limit and restriction in my packet. You too can see all that if you look in the packet. You must be high then because you asked me about Medicare coverage on one post. I am too young for Medicare. I know enough about our insurance to know the 70 narrow and 80 narrow are so close in coverage, the $2700 difference in premiums isn't worth paying for 80.

 

[fdxsux]

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

Not short sighted at all. Short sighted is paying a couple hundred dollars a month more for marginally better coverage the likelihood of me needing is very low. If my kid gets hit by a car I’ll pay the higher out of pocket max this year and be happy I saved thousands of dollars a year in premiums the previous years I didn’t need the insurance. To each his own. There are certainly those that are better off with the higher plan (chronic illness, etc). My family and I are better off with the lower plan. Besides, I would rather pay the doctor more when I’m sick than pay Fedex more when I’m not.

 

[59 Dano]

My wife works at a hospital. Her health insurance is restricted to that hospital network for everything. Not uncommon. They’re not going to pay insurance claims to competing hospitals. So I keep myself and my daughters on FedEx insurance to keep more in-network options open for them.

You're paying over $500/month and you're fought on every single claim - and that's better than the alternative.

 

[59 Dano]

Anybody not taking the best health care from their work is an idiot. You choose the best plan. Every time.

Anyone who thinks everyone should always take the best plan is the idiot.

Some people rarely even hit the deductible on the top plan. Why would they bother paying extra for coverage that they don't use?

 

[It will be fine]

Anyone who thinks everyone should always take the best plan is the idiot.

Some people rarely even hit the deductible on the top plan. Why would they bother paying extra for coverage that they don't use?

You’re talking to someone that is always saying how many higher paying jobs are available to CDL holders and refuses to leave Express for one of them. I think they are on the extreme end of risk aversion.

 

[bacha29]

Not short sighted at all. Short sighted is paying a couple hundred dollars a month more for marginally better coverage the likelihood of me needing is very low. If my kid gets hit by a car I’ll pay the higher out of pocket max this year and be happy I saved thousands of dollars a year in premiums the previous years I didn’t need the insurance. To each his own. There are certainly those that are better off with the higher plan (chronic illness, etc). My family and I are better off with the lower plan. Besides, I would rather pay the doctor more when I’m sick than pay Fedex more when I’m not.

As long as you have set aside the additional out of pocket dollars and are readily available to meet an unexpected and sometimes catastrophic medical expense that's just fine. At the same time even your out of pocket can run into many, many thousands especially if it involves a long hospital stay followed by many weeks of skilled nursing care and rehabilitation especially if your laying there in a coma.

It still comes down to the same old thing. You get what you pay for and in the case of healthcare services and treatment when you sign that authorization to treat form you are at that point 100% financially liable for every damn dime of billed charges making it imperative that you have a way to see to it that it gets paid.

Needless to say that if you choose the lower premiums/ lower coverage plan you are accepting more of the risks yourself. In fact in my case the hospital/healthcare network is also the Medicare licensed provider/manager When it came time to enroll and deciding between an Advantage and a supplement the licensed provider/manager representative said to me..."Look we have a Medicare Supplement plan but we won't sell it to you unless you demand it for the simple reason that the increased coverage of a supplemental is equal to the increased premium over the premium of the Medicare Advantage plan. So discipline yourself to take the savings premium from a Medicare Advantage plan and park it some place where it will never be used for anything except medical expense purposes".

So Old Falcon Fart is right about a lower premium plan provided that it's accompanied by a personal savings discipline and that's exactly what an HSA is designed for. Trouble is a good HSA seems to be getting harder to find. But, if you don't have that discipline then nobody can help you.

 

[falcon back]

As long as you have set aside the additional out of pocket dollars and are readily available to meet an unexpected and sometimes catastrophic medical expense that's just fine. At the same time even your out of pocket can run into many, many thousands especially if it involves a long hospital stay followed by many weeks of skilled nursing care and rehabilitation especially if your laying there in a coma.

It still comes down to the same old thing. You get what you pay for and in the case of healthcare services and treatment when you sign that authorization to treat form you are at that point 100% financially liable for every damn dime of billed charges making it imperative that you have a way to see to it that it gets paid.

Needless to say that if you choose the lower premiums/ lower coverage plan you are accepting more of the risks yourself. In fact in my case the hospital/healthcare network is also the Medicare licensed provider/manager When it came time to enroll and deciding between an Advantage and a supplement the licensed provider/manager representative said to me..."Look we have a Medicare Supplement plan but we won't sell it to you unless you demand it for the simple reason that the increased coverage of a supplemental is equal to the increased premium over the premium of the Medicare Advantage plan. So discipline yourself to take the savings premium from a Medicare Advantage plan and park it some place where it will never be used for anything except medical expense purposes".

So Old Falcon Fart is right about a lower premium plan provided that it's accompanied by a personal savings discipline and that's exactly what an HSA is designed for. Trouble is a good HSA seems to be getting harder to find. But, if you don't have that discipline then nobody can help you.

You are either drunk, high or retarded. Once again you are talking Medicare issues and the discussion was about Fedex Employee insurance. Nobody but the dip z said anything about Medicare.

 

[bacha29]

You are either drunk, high or retarded. Once again you are talking Medicare issues and the discussion was about Fedex Employee insurance. Nobody but the dip *z said anything about Medicare.

Wrong. What is being discussed here are the risks/benefits associated with cheaper vs. more expensive plans. And the common thread here is a person's advancing age their anticipated need for more healthcare going forward , the costs and risks involved and how to better manage them from the individual's perspective in today's managed care system.
And the common thread found in the comments of nearly contributor is the growing doubts about what kind of healthcare support (if any) they can expect to receive from the company going forward. And you're harboring those very same doubts and worries as you should very well should have and you're doing a very poor job of hiding it.

Looking at issues outside of your ignorant little world was never one of your strong points.

 

[falcon back]

Wrong. What is being discussed here are the risks/benefits associated with cheaper vs. more expensive plans. And the common thread here is a person's advancing age their anticipated need for more healthcare going forward , the costs and risks involved and how to better manage them from the individual's perspective in today's managed care system.
And the common thread found in the comments of nearly contributor is the growing doubts about what kind of healthcare support (if any) they can expect to receive from the company going forward. And you're harboring those very same doubts and worries as you should very well should have and you're doing a very poor job of hiding it.

Looking at issues outside of your ignorant little world was never one of your strong points.

WOW!!!

 

[Working4the1%]

WOW!!!

Isn’t your standard reply …don’t get sick or hurt. Cmon u r slipping

 

[Fred's Myth]

So paying too much for insurance because it comes out of your paycheck makes sense? Then the employee should contribute to a Flexible Spending Account with the difference between the 70 and 80 premiums. They never see the money.

Bad advice. Unused FSA money is forfeited to the government on an annual basis.

 

[falcon back]

Bad advice. Unused FSA money is forfeited to the government on an annual basis.

Unless the rules changed recently, you could rollover up to $500 plus you could file a claim up till May or so on LAST year's bills. Plus a FSA can be used for just about anything health,dental or vision related. Contact lens solution, most over the counter medicine, the filling or crown at the dentist office,any bills your insurance didn't cover plus you are getting reduced taxes on the amount you save.
Even if the rules have changed, an employee could still set up a HSA on their own or simply save the $2700 they are not paying for 80 narrow insurance. Or they can overpay for insurance that they can buy at a $2700 reduced rate. Your choice.

 

[Aquaman]

Exac

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.

Exactly lol. Money in the bank is money spent for most Americans. I’d rather pay the premium than have to think about potential disasters I have to set money aside for. It’s exactly why there are such harsh penalties for early 401k withdrawal. Because when the money is available, you’ll spend it. Life happens to everyone. You’ll be a normal happy family who never needs health insurance, and then boom one Friday your daughters starting chemo. I want that money out of my hands so I don’t use it for a new fridge when it breaks lol. If years go by and I never need it... so be it.

 

[59 Dano]

Even if the rules have changed, an employee could still set up a HSA on their own or simply save the $2700 they are not paying for 80 narrow insurance. Or they can overpay for insurance that they can buy at a $2700 reduced rate. Your choice.

You really have to love the culture of contradiction at this place. Managers are lazy people who get good money to do nothing, but no one wants to go into management because it's so demanding and unforgiving. The insurance plans are an embarrassment to employee benefits everywhere, but people prefer them to their spouses' plans. The insurance plans are ripoffs, but they insist on paying higher premiums for plans that don't offer commensurate increases in benefits or coverage.

It's crazy.

 

[Nolimitz]

Bad advice. Unused FSA money is forfeited to the government on an annual basis.

Incorrect funds go back to the employer

Unused funds go to your employer, who can split it among employees in the FSA plan or use it to offset the costs of administering benefits. Under no circumstances can your boss give the money back to you directly, according to IRS rules. Once the plan year is over, that money is gone.May 24, 2016

Employers may continue to use forfeited funds to apply to administrative costs incurred during the plan year, or they may credit those leftovers to employees' FSAs in the next year's plan, as long as the employer in no way bases the credit on employees' claims experience and does not violate the Internal Revenue Code ...Jan 7, 2021