Got my benefits package
- Thread starter !Retired!
- Start date
MAKAVELI
Well-Known Member
It's in the benefits package they sent us.
!Retired!
Well-Known Member
What page? I saw nothing about HCRA.
MAKAVELI
Well-Known Member
I don't have the booklet in front of me but it's in there. Employee only get $ 400, $650 for employee + child/ children, and $800 for employee + family.
MAKAVELI
Well-Known Member
Same difference.
CJinx
Well-Known Member
MAKAVELI
Well-Known Member
Again nothing in there says it's guaranteed to roll over and I'm sure that wording was put in there to discourage people from using it. If you have been with fedex for a while you'll know that they have changed things on a yearly basis.
CJinx
Well-Known Member
I'm not sure how the word "guarantee" would change anything, because the sentence "At this time, the HRA can continue to roll over indefinitely" opens the door for that not to be the case in the future. I don't think anyone is trying to discourage you from using your HRA money, I however would discourage someone from using it just for the sake of wasting it.
MAKAVELI
Well-Known Member
You have to read between the lines fedex always has an angle on everything. Its not wasting it when I pay fedex thousands of dollars in premiums. It's just getting my monies worth.
CJinx
Well-Known Member
Don't get me wrong; the plan is definitely written in favor of the company. I realize that.
I just meant that spending the money just to have a zero balance at the end of the year seems wasteful since the money is currently not lost if not spent.
To each his own, I guess.
I just meant that spending the money just to have a zero balance at the end of the year seems wasteful since the money is currently not lost if not spent.
To each his own, I guess.
MAKAVELI
Well-Known Member
Ok and next year when they eliminate it I'll tell you I told you so. And if they don't you can tell me. . Do you really think they want every employee to use all the money in their hra?
!Retired!
Well-Known Member
It says in plain English the money gets rolled over. But, the $400 for 1 year will come nowhere near the rise in deductible and out of pocket expenses, if you need it.
What exactly in the wording tells you this may not be true?
MAKAVELI
Well-Known Member
Do you believe everything they tell you? I'm sure the used the same type of wording for the old defined pension plan and the last raise system.
Route 66
Slapped Upside-da-Head Member
Nope, that train done sailed already
MAKAVELI
Well-Known Member
I could care less if it was approved by legal. If they are not making enough profit off this self insured scam they most certainly will eliminate it next year. If the the company doesn't hit it's numbers for profit, it most certainly will be eliminated. Just like every other incentive they have eliminated over the years. I'm just going to make sure it's used up by the end of next year to get something in return for the all the $ I pay them.
!Retired!
Well-Known Member
Not necessarily. You realize it's company funded, not any money you put in? So, by not using it or 'taking a chance' and letting it roll over, you have nothing to lose and everything to gain. You might need that money in 2015.
MAKAVELI
Well-Known Member
I'm sorry but $400 would not make that big of a difference in my life. And yes it is our money when you consider the premiums we have paid over the years. It's not about losing the $400, it's about making FedEx pay out that money. Anytime we can take money from Fred, I'm all in.
