J586

I was watching the video on healthcare and it seemed a little confusing. From what I understand initially we will be out of the pocket more for the first few years then somehow or another we have a credit of some sort that will defray the cost.

Here is my issue. Obamacare (and Obama) is a fiasco but, one that will be potentially go in the next few years. I already have heard of companies getting a waver or a delay. If Hillary gets elected my sense is that she will dismantle particularly aspects that affect big companies. And if we get a republican in there, hopefully they will delay, EO, change, or get rid of the act all together. My assertion is that FedEx is a huge company with lots of political power. Assuming they are planning on getting relief, something tells me that this is there way of having us pay now and when changed they get the benefit later.

kronan

First,
I haven't watched the video. As I understand it, one of the things it discusses is the new options we have for coverage. Whether we pass this TA or not, I would expect these to still be available in TA2.

Buy up plan is still an option, so don't have to change coverage unless you want to.

If you're moderately healthy, company will bribe you into a "cheaper" version by inputting money into an HSA that will go towards your annual deductible. EG-instead of the simple 20$ copay, you pay a percentage of the Dr's bill up to a certain value. If you never see the Dr, then HSA rolls over into the next year and it's yours forever. (Downside is that FedEx pays 4% on it vice rolling the dice, but upside is FedEx pays 4% so you know what to expect for future planning)

J586

So Does it rollover indefinitely or is there a max?

The Walrus

You both need to watch the video then read it and educate yourself.

MaydayMark

If you like your doctor, you can keep your doctor ... if you like your plan you can keep your plan ... PERIOD!

Hmmm ... Where have I heard that before?

kronan

Watched the video,

Buyup plan still an option, Anthem still the provider, so yes-if you like your doctor you can keep your doctor. And if you like your plan, you can keep your plan.

Buyup plan in TA-same old same old.

Consumer Directed Health Plans, consumer pays up to deductible, individual (max out of pocket for family) then fully covered. Thanks to the language MaydayMark loves, preventable coverage 100% covered at no out of pocket (think Physical)

HSA rolls over indefinitely. $2,000 autochipped in by FedEx (4k for family). Grownup participation in a Wellness plan gets you another $300. You can contribute pretax dollars, but don't know the company's $$ matches up with the IRS max of 3350 individual 6650 family.

Goal is to have some healthy years to accumulate $$ in your HSA to pay for the deductible.

Premiums are lower if you opt for the CDHP's

Raptor

Buyup plan stays mostly the same, but there are increased Rx copays. And, the elephant in the room is the new premiums that are 18% of some unknown number. Somewhat like signing the contract to buy a car and they you get to find out the purchase price afterwards.

J586

So the consumer plan is a choice? Or an addition.

What would be the incentive to have CDHP?

Raptor

CDHPs are additional choices. You have the Buy-Up we've always had, and you have CDHP Purple (90% payments to deductible) and CHDP Orange (80% payments to deductible)
as new choices.

Benefits of the CDHP in our TA: Lower premiums for starters. Maybe someone who has a spouse with health insurance or someone with Tricare from the military would like CDHP. And, with CDHP you get $2000 single or $4000 in an HSA/HRA to help pay ... and if you don't use the monies in your HSA/HRA, they rollover and grow at 4% a month. Last, you can get $300 back for yourself and another $300 back for your spouse if you participate in a wellness visit/program.

I like having the option as the Buy-Up as it exists now is completely preserved with two changes. 1) the co-pays for Rx drug coverage are increased and 2) there's that elephant in the room where the premiums are an unknown amount based on 18% of FedEx yearly cost as figured out October 1, 2017.

The Walrus

But the most it can go up is 10% year over year after the initial bump in 2017.