Insurance pack came....Profit?

Discussion in 'FedEx Discussions' started by DontThrowPackages, Oct 18, 2015.

  1. DontThrowPackages

    DontThrowPackages Well-Known Member

    I was wondering if anyone knew the profit amount the company makes off it's employees under their self-insured health plan? I doubt very much if it's non-profit.

    MAKAVELI Well-Known Member

    You really think they are going to release that information? Every year they make it sound like they are losing a ton of $ from our "generous" benefits. Which everyone knows is total bs.
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  3. Cactus

    Cactus Just telling it like it is


    If that was the case, insurance would have been taken away years ago.
  4. Operational needs

    Operational needs Well-Known Member

    I thought it was funny how they made the statement that because we saved so much money, that our rates wouldn't go up this year. Well, duh! Who could afford to use it unless you HAD to. I decided not to get a procedure done because I knew I couldn't afford to pay what our insurance didnt cover.
  5. barnyard

    barnyard KTM rider Staff Member

    By law, they have to.

    It is buried in an investor report somewhere.
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  6. Cactus

    Cactus Just telling it like it is

    Probably on a separate sheet of paper locked up in the SM's office.
  7. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    SEC filing
  8. barnyard

    barnyard KTM rider Staff Member

    Money managers ask the board those questions and will want to know what the company is doing to keep a lid on those costs. If you look at the annual report, it will be a part of the labor costs and it will show amount spent vs amount received and will also show a profit or loss and how much.
  9. overflowed

    overflowed Well-Known Member

    They have saved so much money because they have effectively taken away our insurance in the last many years. We really don't have insurance anymore. Not the way most people think of it.
  10. DontThrowPackages

    DontThrowPackages Well-Known Member

    If know of any cute single women working for UPS, marry her if you'd like to have serious health insurance.
  11. vantexan

    vantexan Well-Known Member

    You might have better luck with the ugly ones.
  12. Shifting Contents

    Shifting Contents Most Help Needed

    There aren't really any cute ones

    they all like girls too
  13. 59 Dano

    59 Dano Well-Known Member

    Without digging through the info, I don't think it's very much. The idea is that with the money FedEx spends + employee premiums, they can provide better insurance than they could acquire had they sought to spend that money on a plan offered by another company. Someone with the time and desire can find out.
  14. DontThrowPackages

    DontThrowPackages Well-Known Member

    Actually, my luck is pretty good. Hopefully the ugly ones will eventually find someone though.