retired benefits major hike

Discussion in 'FedEx Discussions' started by fedupforsure, Nov 20, 2015.

  1. fedupforsure

    fedupforsure Member

    I was just informed that health insurance rates for us retired goes up 50 bucks a month starting in January. Im not a happy camper
     
  2. Operational needs

    Operational needs Well-Known Member

    How much is it now?
     
  3. vin059

    vin059 New Member

    I hope not...I just retired...where did you hear that???
     
  4. vin059

    vin059 New Member

    50 bucks a year maybe???
     
  5. Artee

    Artee Active Member

    I am really surprised our premiums did not go up this year like the previous 10. Good old Obummer care kicking into full gear. I know of many people whose companies this year are dropping spouse coverage, or no more company paid premiums, or a large spike in premiums with decreased coverage. Many people not happy with the increase in the cost of health coverage this year.
     
  6. MAKAVELI

    MAKAVELI Well-Known Member

    That's because they already screwed us over with coverage and increase in premiums the past 5 years. They new they had to throw us a bone to try and keep turnover down.
     
  7. Operational needs

    Operational needs Well-Known Member

    Plus the fact that because our coverage is so crappy, people canceled procedures (myself included), thus saving FedEx money.
     
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  8. bacha29

    bacha29 Well-Known Member

    Consider yourself fortunate in one regard. We contractors over at Ground have to buy own own health insurance and pay the full premium. As a retired employee of a nonunion company you will continue to pay higher copayments and deductibles in the future because with no union contract to protect you there will be nothing you can do to stop it. Ted Kennedy was right. A single payer system to cover all Americans through an expansion of Medicare and while the hard line conservatives will be the first to condemn the program as always they will be the first people standing in line to enroll in the program. A program made possible in part by the 400 million dollars saved annually by not having to manage the many dozens of private insurers in the health care business now. Four hundred million dollars enough to provide 16 million Americans with free health insurance.
     
  9. dezguy

    dezguy Well-Known Member

    We don't even get post retirement benefits up here. We have the option of continuing our benefits 100% out of pocket once we retire.
     
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  10. vantexan

    vantexan Well-Known Member

    So $25 a year is enough to provide a person with free healthcare? That's amazing! No matter how much they run up, they only have to pay $25 a year! Oh wait, they don't even pay the $25, the taxpayer does. And we all know there's an endless amount of money available from taxpayers. It's this kind of fuzzy math that has us over $19 Trillion in debt and counting.
     
  11. bacha29

    bacha29 Well-Known Member

    vantexan. Yes, the federal deficit is something in the range of 19 trillion but you chose not to mention one equally important fact. The federal deficit as a percentage of the U.S. gross domestic product is the lowest it has been since World War II. In addition 27% of the population of Texas is on medical assistance. The highest of any state in the union.
     
  12. fedupforsure

    fedupforsure Member

    well i was express in midwest and thats what benefits told me when i called
     
  13. fedupforsure

    fedupforsure Member

    the price was 393.00 dollars in 2015(a month, health vision and dental)
     
  14. vin059

    vin059 New Member

    I just retired...fed up is right...that's for employee only, consumer choice...
     
  15. bacha29

    bacha29 Well-Known Member

    Clearly the long standing belief that Fedex will take care of it's loyal and dedicated work force is imploding. Over at Ground contractors are not retired, they're diposed of.
     
  16. vantexan

    vantexan Well-Known Member

    It's the Federal debt, not the deficit. The deficit is the difference between what we take in and what we spend. The servicing of our debt is taking a greater and greater percentage of our Federal spending. There will come a point where we can no longer afford various programs as there won't be any money for them. Or we'll keep going further into debt until the Dollar collapses. How does the situation in Texas justify continuing to increase the debt?
     
  17. bacha29

    bacha29 Well-Known Member

    Call it debt or deficit whichever you prefer. It all comes down to entitlement programs.If the debt/deficit is so important to you then tell me just what are you personally willing to sacrfice for the sake of the debt/deficit? Are you going to sign up for Social Security, Medicare and when you find yourself in a nursing home and your money is all gone and Medicaid has to pick up the tab because there is no one else are you going to refuse those benefits? Of course not?But these are entitlement programs the Republicans want to "reform" another word for eliminate. As for the Southern states all solidly unitied in their mind numbing conservative rhetoric but still the first people standing in line signing up for every federal entitlement program they can get their hands on. As for Texas, Rick Perry refused to create a state run exchange for the ACA (Obamacare) and milked that action for all the political benefit he could get out of it even though 27% of his states population was already on federal medical assistance more commonly known as Medicaid.
     
  18. vantexan

    vantexan Well-Known Member

    Why all the red herrings? Social Security is seperate from the other entitlement programs and isn't adding to the Federal debt. Here's the rub, your guy doubled the debt during his tenure and we will soon come to a reckoning. We will be forced into austerity whether we like it or not. The days of Uncle Sugar will be over and those who've made a lifestyle out of various programs will be in the streets rioting. What a wonderful country we live in.
     
  19. slowdriver

    slowdriver Member

    debt has replaced growth for decades, it can only accelerate from here. Austerity will cause a depression and declining tax revenue, since government spending is nearly 50 percent of gdp, not to mention political suicide. Should have stayed on the gold standard... sigh...
     
  20. bacha29

    bacha29 Well-Known Member

    Growth in entitlement programs is clearly fuels the deficit. Social Security surpluses have benn drawn off and used to offset the overall annual deficit starting with Nixon in 1969.Of the current 19 trillion dollar deficit 5 trillion is owed to Social Security.But the nation as a whole will not tolerate the wholesale termination of the Social Security and Medicare programs. They will be saved but it will require higher taxes as evidenced by the recent move to rescue the disability portion of Social Security. Doubled the debt?
    When Ronald Reagan entered the White House the total federal debt was 900 billion. When Bush Sr. left office in 1992 it was 4 trillion and what will drive the deficit even higher in the coming years? The cost of taking care of the thousands of veterans crippled and maimed fighting 2 gulf wars. Some estimates that the cost of caring for these young veterans for the rest of their lives will approach 40 trillion. It one of the main reasons Obama doesn't want to trapped in another unwinable Middle East war.