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R1a Question
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<blockquote data-quote="Ricochet1a" data-source="post: 981377" data-attributes="member: 22880"><p>To expand...</p><p></p><p>For employees with families, the actuarial calculated cost of insuring a family is in the ball park of $10,000 today. If you tried to insure your family with insurance comparable to that offered by Express, you'd pay in the ball park of $10,000 to get that coverage. And if you never had any health issue in that year, you get no refund (like all insurance). </p><p></p><p>This is why there are all those part-time handlers working in the AM at the ramps (they usually waive minimums). They have "real jobs", but those jobs don't offer insurance. So these people come into to Express and work 2.5 to 3 hours in the early AM, and then leave for their other job. After the deductions for insurance, what they have taken out for 401k and FICA, they are usually lucky if they have enough left in their FedEx paycheck to pay for gas to get to and from their FedEx job.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 981377, member: 22880"] To expand... For employees with families, the actuarial calculated cost of insuring a family is in the ball park of $10,000 today. If you tried to insure your family with insurance comparable to that offered by Express, you'd pay in the ball park of $10,000 to get that coverage. And if you never had any health issue in that year, you get no refund (like all insurance). This is why there are all those part-time handlers working in the AM at the ramps (they usually waive minimums). They have "real jobs", but those jobs don't offer insurance. So these people come into to Express and work 2.5 to 3 hours in the early AM, and then leave for their other job. After the deductions for insurance, what they have taken out for 401k and FICA, they are usually lucky if they have enough left in their FedEx paycheck to pay for gas to get to and from their FedEx job. [/QUOTE]
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