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Started By
Message
Update: Open Enrollment
Posted on 11/14/14 at 12:07 pm
Posted on 11/14/14 at 12:07 pm
A few week's back I posted that during open enrollment, my company informed us that they were no longer to offer 90/10 coverage. After several complaints, the CEO issued a response. I have removed the names to protect the innocent, but this was the reason for dropping 90/10 from our plan:
quote:
Response from CEO:
The decision to discontinue the Choice 90/10 Plan wasn’t an easy one, but we took into account the short- and long-term challenges it poses. As I mentioned in another response, the (company) is self-insured and covers employees’ health care costs itself. When we looked at the projections for 2015, it was apparent that continuing to offer the 90/10 plan would result in a 30 percent increase in employees’ premiums to offset the rising cost of health care claims.
That’s the short term. In the long term, continuing to offer plans like this could have resulted in the bank incurring a 40 percent “Cadillac tax,” which is an Affordable Care Act excise tax that penalizes companies that offer high-end health care plans to employees.
5
Posted on 11/14/14 at 12:12 pm to Crimson Mafia IIIX
Damn that sucks. The company my wife works for has horrible coverage options for 2015. I looked into the healthcare.gov plan this morning and it actually looks pretty good. Actually thinking about making the switch but seems to good to be true.
UnitedHealthcare · UnitedHealthcare Platinum Compass 250
Summary of Benefits
Provider directory
Platinum HMO
National Provider Network
Plan ID: 38499LA0030001
ESTIMATED MONTHLY PREMIUM
$299
ESTIMATED DEDUCTIBLE
$250
Estimated individual total
ESTIMATED OUT-OF-POCKET MAXIMUM
$1,500
Estimated individual total
UnitedHealthcare · UnitedHealthcare Platinum Compass 250
Summary of Benefits
Provider directory
Platinum HMO
National Provider Network
Plan ID: 38499LA0030001
ESTIMATED MONTHLY PREMIUM
$299
ESTIMATED DEDUCTIBLE
$250
Estimated individual total
ESTIMATED OUT-OF-POCKET MAXIMUM
$1,500
Estimated individual total
Posted on 11/14/14 at 12:21 pm to Tigerstudent08
key word........"estimated."
Posted on 11/14/14 at 12:23 pm to bamarep
quote:
key word........"estimated."
Oh yea I'm not getting my hopes up. However, if these "estimates" are pretty close to true I will be ecstatic.
Posted on 11/14/14 at 12:29 pm to Tigerstudent08
quote:
healthcare.gov plan
It's a trap.
Posted on 11/14/14 at 12:32 pm to Tigerstudent08
quote:
UnitedHealthcare · UnitedHealthcare Platinum Compass 250
Summary of Benefits
Provider directory
Platinum HMO
National Provider Network
Plan ID: 38499LA0030001
ESTIMATED MONTHLY PREMIUM
$299
ESTIMATED DEDUCTIBLE
$250
Estimated individual total
ESTIMATED OUT-OF-POCKET MAXIMUM
$1,500
Estimated individual total
You'll have a choice from all the Caribbean Med School Doctors who graduated in the bottom 1% of their respective classes.
Posted on 11/14/14 at 12:33 pm to Tigerstudent08
The estimates are nowhere near reality.
They designed the website to give you those numbers first, when you actually enroll it will be vastly different
They designed the website to give you those numbers first, when you actually enroll it will be vastly different
Posted on 11/14/14 at 1:10 pm to Tigerstudent08
My man if those cost are true, then someone else will be paying for the rest of it for ya.
That company would not stay in business long if that were the only payments. But hey, let us all know so that we can get in on that.
If something sounds to good to be true>>>>???
That company would not stay in business long if that were the only payments. But hey, let us all know so that we can get in on that.
If something sounds to good to be true>>>>???
This post was edited on 11/14/14 at 1:11 pm
Posted on 11/14/14 at 1:19 pm to Crimson Mafia IIIX
quote:
a 40 percent “Cadillac tax,” which is an Affordable Care Act excise tax that penalizes companies that offer high-end health care plans to employees.
Did the unions know about this? I bet they'll be pissed off if they have to drop their plans.
Posted on 11/14/14 at 1:21 pm to SSpaniel
quote:
Did the unions know about this? I bet they'll be pissed off if they have to drop their plans.
The unions have been trying to get waivers...
Posted on 11/14/14 at 1:25 pm to Crimson Mafia IIIX
quote:
. In the long term, continuing to offer plans like this could have resulted in the bank incurring a 40 percent “Cadillac tax,” which is an Affordable Care Act excise tax that penalizes companies that offer high-end health care plans to employees.
Good Things Ahead™
Haven't you made enough money already? No one deserves a plan as good as you have! Pay up sucka! You didn't build that!
Now jump in your private jet and go ride horses with Ann Romney!
This post was edited on 11/14/14 at 1:27 pm
Posted on 11/14/14 at 1:29 pm to wickowick
quote:
The unions have been trying to get waivers...
Well, I would certainly think that if a union could get a waiver, so could any other company. Right?
Posted on 11/14/14 at 1:34 pm to SSpaniel
quote:
Well, I would certainly think that if a union could get a waiver, so could any other company. Right?
Posted on 11/14/14 at 1:37 pm to Crimson Mafia IIIX
Yeah but now everyone can have insurance, because ya know....it's a right. So you should want to pay more. Why you so greedy??
Posted on 11/14/14 at 1:39 pm to Crimson Mafia IIIX
quote:Didn't you say in your earlier post that your company is only now switching to be self-insured? This sounds like it has been.
As I mentioned in another response, the (company) is self-insured
Posted on 11/14/14 at 1:51 pm to mmcgrath
I don't believe I said that, but it's written in the previous post if I did. I am just posting this to show that this is the trickle down effect, when corporations are hit with these stiff penalties it is passed down to the employees, so yes we are being affected, so that "everyone" can have health insurance. "sorry if this was a raciest or sexist comment".
Posted on 11/14/14 at 1:56 pm to Crimson Mafia IIIX
quote:I might have you confused with another poster who started a very similar thread. However your company indicated that it isn't offering the plan because of the rising costs of the claims. The "long term" dig at the ACA may or may not be valid, but it looks like it was going away regardless.
I don't believe I said that, but it's written in the previous post if I did. I am just posting this to show that this is the trickle down effect, when corporations are hit with these stiff penalties it is passed down to the employees, so yes we are being affected, so that "everyone" can have health insurance. "sorry if this was a raciest or sexist comment".
Posted on 11/14/14 at 2:00 pm to mmcgrath
quote:
The "long term" dig at the ACA may or may not be valid,
Posted on 11/14/14 at 2:16 pm to real
I found the costs very hard to believe too. My wife is a recruiter and I am a petroleum engineer so we are outside the subsidy by a good amount.
Posted on 11/14/14 at 2:19 pm to real
quote:
My man if those cost are true, then someone else will be paying for the rest of it for ya.
That company would not stay in business long if that were the only payments. But hey, let us all know so that we can get in on that.
If something sounds to good to be true>>>>???
I thought that the Government had guaranteed profits to the insurance companies for a couple of years to offer low rates. Let me see if I can find anything to back this memory up...
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