FDX Hlth Plan
#4
Missed the introductions, but according to a union rep at the MEM hub meeting last night, whether or not the FedEx pilot health plan will be labeled as cadillac is still up in the air... especially since FedEx self insures. The rep then went on to say that if our plan is identified as cadillac, it would be the company that would be taxed. He added that it will then simply be a question of which piece of the pie will the company then try to extract it's increased cost. It's my personal belief based on the events of the past year or so that it won't be a 1 for 1 swap either. The company will come out ahead at the expense of the pilots some how regardless of what the final decision is on cadillac status.
#5
#9
Gets Weekends Off
Joined APC: Jul 2006
Position: A300 Captain
Posts: 257
Missed the introductions, but according to a union rep at the MEM hub meeting last night, whether or not the FedEx pilot health plan will be labeled as cadillac is still up in the air... especially since FedEx self insures. The rep then went on to say that if our plan is identified as cadillac, it would be the company that would be taxed. He added that it will then simply be a question of which piece of the pie will the company then try to extract it's increased cost. It's my personal belief based on the events of the past year or so that it won't be a 1 for 1 swap either. The company will come out ahead at the expense of the pilots some how regardless of what the final decision is on cadillac status.
First to the person who said we'll pay any way you look at it, I agree.
Second the current Cadillac tax proposed is supposedly for non-Union plans so I'm not sure where the said rep was getting his information. That being said it's still far from passage.
Third, FedEx is not self-insured as far as medical insurance is concerned just reference your Anthem Blue Cross information.
#10
Gets Weekends Off
Joined APC: Sep 2006
Position: MD11 FO
Posts: 1,108
I find it funny as usual the misinformation already spreading like herpes.
First to the person who said we'll pay any way you look at it, I agree.
Second the current Cadillac tax proposed is supposedly for non-Union plans so I'm not sure where the said rep was getting his information. That being said it's still far from passage.
Third, FedEx is not self-insured as far as medical insurance is concerned just reference your Anthem Blue Cross information.
First to the person who said we'll pay any way you look at it, I agree.
Second the current Cadillac tax proposed is supposedly for non-Union plans so I'm not sure where the said rep was getting his information. That being said it's still far from passage.
Third, FedEx is not self-insured as far as medical insurance is concerned just reference your Anthem Blue Cross information.
1. Fedex is self-insured - we use Anthem as a processor. Most big companies of our size are self insured. Reference the email from the union about this today where they use the term "self-insured"
2. The current plan does affect Union plans. Big Union guys are trying to get Unions exempt, but for now it does include them.
For the other posts - even if Fedex went to outside insurance we are nowhere near $23,000- we can ask our MEC Chair (former R&I chair) what the costing model was used for health benefits in CBA 2006 but I imagine it was under $10000 per pilot. Even the most expensive monthly premiums added to that put it way under $23000 but if it is not indexed then at some point our insurance could possibly fit the definition of a cadillac plan.
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