Medical Plans
 

Starting class soon and trying to get a little heads up on insurance plans (before the firehose of indoc)
-Healthy employee + 1 dependent
-Healthy family, 6 total (no little kids)
+ Vision/Dental. PPO preferred

Trying to gauge plans and costs. Previous employer had probably one of the BEST plans in the industry... others I've interviewed at were pretty lacking in coverage vs cost.

Thanks!

FedEx is self funded using CIGNA, Optix, and Davis Vision to administer the programs. Every year you will get information on the next year's costs and you can make your decisions then. FYI, the company will keep us out of the "Cadillac" plan so we are not taxed on our benefit, even though it may cause your yearly contributions to rise. I have a wife and no children and my cost are not cheap but affordable and a darn site better than letting the government taking it.

Fixed it for you.






.

Slightly off topic, but what kind of medical coverage is offered after retirement?

Sent from my A0001 using Tapatalk

This is one of the reasons that so many of our peers are sticking around until age 65. There are no retiree medical benefits ...

At 65 years old you're eligible for Medicare (and the Company wants you off he dole). Because I'm on LTD I've had Medicare for the past couple of years. My experience with them has been reasonable good. I've had no trouble finding very good doctors and hospitals that are happy to take Medicare (many providers take Medicare as "PAYMENT IN FULL."

I've got a neighbor that recently retire from United Airlines. He and his wife are both very happy with Medicare.

MM

:eek:

The company pays premiums of about 5k for you and 5k for your spouse between your age 60 and Medicare if you retire.

Good info, thanks guys.

PRE-65 Pilot Retiree MEDICAL PLAN OPTIONS
(Start Medicare at age 65)
FedEx Express offers several medical plan options, all of which provide comprehensive medical
and prescription drug benefits. The plan options vary in the amount you pay each month, your
out-of-pocket expenses (for example, annual deductible, copayments and coinsurance) and the
level of covered services.

Medical plan options:
• CDHP Purple and CDHP Orange with NO Company HSA/HRA contribution or Wellness Reward
• Buy Up
• High Deductible Plan
• Prescription Drug Benefits
• Hawaii Medical Service Association (HMSA)
• Health Plan Hawaii HMO
• Pre-Medicare Retiree HRA in lieu of electing a medical plan, the Company will contribute $4,813 annually to an individual HRA Account for the pilot and eligible spouse until reaching age 65.
• Employee Assistance Program (EAP)
• Mental Health/Substance Abuse Benefits
Vision Plan administered by Davis Vision
Dental Plan administered by Cigna
Children are eligible for dental and vision coverage up to age 23, and eligible for medical coverage up to the end of the month in which they turn age 26

CDHP Purple IN network example (pay approx $535/mo w spouse)
Deductible
Individual: $2,500
Individual plus dependents: $2,700 per
individual or $5,000 family

Max out of pocket
Individual: $4,250
Individual plus dependents: $4,250 per
individual or $8,500 family

Preventative Care
Covered at 100%

Specialists
You pay 10% after deductible
---------------------------------------

BUY UP IN network example (pay approx $1461/mo w spouse)
Deductible $0

Max out of pocket
Individual: $3,250
Family: $9,750

Preventative Care
Covered at 100%

Specialists
You pay $40 copay

--------------------------------
High Deductible IN network example (pay approx $525/mo w spouse)

Deductible
Individual: $500
Family: $1,500

Max out of pocket
Individual: $3,000
Family: $9,000

Preventative Care
Covered at 100%

Specialists
You pay $100 copay

Thanks for posting that. Mayday Mark was way off in saying there was no retiree health insurance. It isn't cheap, but it's a lot cheaper than finding insurance on the open market.

I did the "High Deductible" plan for myself and my dependent child. Worked out well for me.

Excellent. Thanks to both of you!