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FedEx Discussions
Healthcare Increase - Calling IBT
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<blockquote data-quote="franknitty" data-source="post: 888151" data-attributes="member: 37004"><p>Okay I found it in that Enrollment Newspaper Fedex sent to us in the mail, in the section <strong>Basic Life Insurance Benefit</strong>, and paragraph 2 reads as follows: "Since Basic Life Insurance is Company-paid, coverage that exceeds $50,000 must be added to an employee's taxable earnings in the form of imputed income. This means that employees must pay taxes on the value of coverage <strong>over $50,000. </strong>Page 7, in the lower right hand corner. Oh yeah, Optional Life insurance is increasing as well. Surprised ?</p></blockquote><p></p>
[QUOTE="franknitty, post: 888151, member: 37004"] Okay I found it in that Enrollment Newspaper Fedex sent to us in the mail, in the section [B]Basic Life Insurance Benefit[/B], and paragraph 2 reads as follows: "Since Basic Life Insurance is Company-paid, coverage that exceeds $50,000 must be added to an employee's taxable earnings in the form of imputed income. This means that employees must pay taxes on the value of coverage [B]over $50,000. [/B]Page 7, in the lower right hand corner. Oh yeah, Optional Life insurance is increasing as well. Surprised ? [/QUOTE]
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