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This might have already been asked before but if Obama is reelected, how will it effect our insurance?
1 thing that took affect immediately was the age limit of dependents on our insurance. It used to be 21 or 23, now it is 25.
Well hopefully it will AFFECT your spelling. Or your differentiation of words.
1 thing that took affect immediately was the age limit of dependents on our insurance. It used to be 21 or 23, now it is 25.
Its hard to say what will occur for the next contract regarding our insurance. My guess is the company is already experiencing huge increases in premiums due to the new requirements for insurance like allowing a child to remain on your policy till age 26, no lifetime limits on coverage, and the long list of required "free" preventative care measures. All these changes increase the overall expenses the insurance company will incurr requiring them to raise rates as a result. This contract we may see the company push for us to be required to pay a part of our monthly premiums, or they could push for lower overall coverage whereever the law allows, or they could just drop insurance altogether for part-timers. I don't see our insurance staying the way it is, even if the change is minor, for the upcoming contract. Although time will tell as the details have yet to be hammered out. If the changes are minor this time around expect them to be drastic on the next contract when the "cadiilac health plan tax" kicks in. UPS will be required to pay a tax for a healthcare plan exceeding a certain limit and our insurance plans will most likely be in that category. As a result UPS will have no choice, but to ask for serious concessions on insurance to avoid this or somehow move the extra cost onto us. Thinking our insurance will remain the way it is for the foreseeable future is a naive belief as long as Obamacare is still law.
brett636, I've got news for you, UPS would've asked for insurance concessions well before Obamacare passed. We are one of the few groups of employees that don't have to pay for insurance out of our pay. Obamacare or not, UPS will make their best effort to make us pay more for insurance. Management has to pay for insurance, so you can bet it drives them nuts that we don't. If Obamacare wouldn't have passed, UPS would still be gunning for us. That is indisputable.
The only thing that will change for us, is our W-2's will show the value of our health insurance. Despite what some conservatives have claimed, this is NOT added to our total pay and is not taxable. In 2018, an annual excise tax on premiums above $10,200 for individuals, and $27,500 for families (not including dental and vision benefits). Also, this tax isn't paid by the employee, but by the insurance company.
Is it up to 26, or through the age of 26?
Obamacare does not kick in until 2018---we should be fine this contract---the next one will be very interesting.
Also your child had to be a full time student. Now your child can be married, live out of your house, and have their own children and your child can still be on your insurance.
I would say that it is at least a Crown Victoria.As good as our insurance is, it does not fall under Cadillac Plan.