Health Care Insurance Costs -- How Much?
#11
WOW! Health insurance costing us 200% of what it costs us now. How can I ever hope to pay that when I'm only getting a 10% raise? That's 20 times bigger than my raise! Will I have to write the company a check each month?
Oh...I see what you did. Used those scary percentages. Kind of like when a company brags about their business revenue increasing 1000% from the previous year (and not sharing that they earned $10 this year vs. $1 last year.) Nobody wants to pay more for insurance, but everybody does. I think I'll be able to afford the extra $270 a month with my extra $26K+ a year. Now it doesn't look so scary.
Oh...I see what you did. Used those scary percentages. Kind of like when a company brags about their business revenue increasing 1000% from the previous year (and not sharing that they earned $10 this year vs. $1 last year.) Nobody wants to pay more for insurance, but everybody does. I think I'll be able to afford the extra $270 a month with my extra $26K+ a year. Now it doesn't look so scary.
#12
Gets Weekends Off
Joined APC: Nov 2013
Posts: 2,756
WOW! Health insurance costing us 200% of what it costs us now. How can I ever hope to pay that when I'm only getting a 10% raise? That's 20 times bigger than my raise! Will I have to write the company a check each month?
Oh...I see what you did. Used those scary percentages. Kind of like when a company brags about their business revenue increasing 1000% from the previous year (and not sharing that they earned $10 this year vs. $1 last year.) Nobody wants to pay more for insurance, but everybody does. I think I'll be able to afford the extra $270 a month with my extra $26K+ a year. Now it doesn't look so scary.
Oh...I see what you did. Used those scary percentages. Kind of like when a company brags about their business revenue increasing 1000% from the previous year (and not sharing that they earned $10 this year vs. $1 last year.) Nobody wants to pay more for insurance, but everybody does. I think I'll be able to afford the extra $270 a month with my extra $26K+ a year. Now it doesn't look so scary.
For example, my 30K/yr raise ends up becoming about $16,410 after the government and the union takes their cut. Subtract that $3,240, and well, that's about one fifth of my raise. Not much of a raise after all.
#14
Organizational Learning
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Joined APC: Nov 2005
Position: Directly behind the combiner
Posts: 4,948
WOW! Health insurance costing us 200% of what it costs us now. How can I ever hope to pay that when I'm only getting a 10% raise? That's 20 times bigger than my raise! Will I have to write the company a check each month?
Oh...I see what you did. Used those scary percentages. Kind of like when a company brags about their business revenue increasing 1000% from the previous year (and not sharing that they earned $10 this year vs. $1 last year.) Nobody wants to pay more for insurance, but everybody does. I think I'll be able to afford the extra $270 a month with my extra $26K+ a year. Now it doesn't look so scary.
The last block of the Negotiating Committee's Healthcare cost "spreadsheet" analysis is a table showing a Narrow-Body First Officer's pay rate gains. (TA Compare of current to projected pilot contributions).
In 2017, for example, that pilot will make $8,380 more per year, or $698 more per month (average). What it doesn't show is that the same pilot will receive an additional contribution to his B Fund, as a result of both the pay rate increase and the 1% bump in Defined Contribution Plan contribution, of $108.38 per month.
His additional health care cost, if he's on the Buy Up plan for himself and his family, is $120.74.
He'll essentially be paying for his own B Plan bump. Even worse, the B Fund money was never going to be in his checking account, but the Healthcare cost will be deducted before it even gets to him.
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#15
Gets Weekends Off
Joined APC: Aug 2012
Posts: 711
Everyone is looking at premiums only. Your prescription costs essentially triple under this TA. Your out of pocket maximum which is very important if you want an out of network specialist under the buy-up plan, triples to over $9000.
If you haven't needed to see a specialist, or haven't had a family member on an expensive drug, it may not be on your radar. But, over the next 10 years I bet that will happen to a pretty significant number of pilot families.
Are you willing to play the Heath care lottery and only factor in simple premiums that are doubling? Rx or specialist costs can easily surpass monthly premium costs!
If you haven't needed to see a specialist, or haven't had a family member on an expensive drug, it may not be on your radar. But, over the next 10 years I bet that will happen to a pretty significant number of pilot families.
Are you willing to play the Heath care lottery and only factor in simple premiums that are doubling? Rx or specialist costs can easily surpass monthly premium costs!
#16
Let's try this without percentages.
The last block of the Negotiating Committee's Healthcare cost "spreadsheet" analysis is a table showing a Narrow-Body First Officer's pay rate gains. (TA Compare of current to projected pilot contributions).
In 2017, for example, that pilot will make $8,380 more per year, or $698 more per month (average). What it doesn't show is that the same pilot will receive an additional contribution to his B Fund, as a result of both the pay rate increase and the 1% bump in Defined Contribution Plan contribution, of $108.38 per month.
His additional health care cost, if he's on the Buy Up plan for himself and his family, is $120.74.
He'll essentially be paying for his own B Plan bump. Even worse, the B Fund money was never going to be in his checking account, but the Healthcare cost will be deducted before it even gets to him.
.
The last block of the Negotiating Committee's Healthcare cost "spreadsheet" analysis is a table showing a Narrow-Body First Officer's pay rate gains. (TA Compare of current to projected pilot contributions).
In 2017, for example, that pilot will make $8,380 more per year, or $698 more per month (average). What it doesn't show is that the same pilot will receive an additional contribution to his B Fund, as a result of both the pay rate increase and the 1% bump in Defined Contribution Plan contribution, of $108.38 per month.
His additional health care cost, if he's on the Buy Up plan for himself and his family, is $120.74.
He'll essentially be paying for his own B Plan bump. Even worse, the B Fund money was never going to be in his checking account, but the Healthcare cost will be deducted before it even gets to him.
.
The only legitimate argument you can make is that a new hire in 2021 will pay a higher percentage of his overall pay (9.2%) to cover his health care costs than a new hire in 2016 (7.2%) (or 17,18,19,or 2020) had to. But he'll still have considerably more dollars in his pocket thanks to the 26% pay raise over the life of the TA. Without the new TA, the same holds true. Our insurance rates will continue to increase up to 6% a year and we get no pay raise (less dollars in my pocket.)
#17
Organizational Learning
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Joined APC: Nov 2005
Position: Directly behind the combiner
Posts: 4,948
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#18
Line Holder
Joined APC: Feb 2007
Posts: 99
Baron Part Deux,
I am not trying to be confrontational but wanted to ask a question. I think the TA was oversold from the beginning of negotiations. I do not think that the NC delivered what they set out to. I do see only minor improvements in this TA. I understand the no voters being so strong in their opinions, I don't understand why you feel so strongly about this TA?
Again I am not trying to be confrontational. I have read everyones comments and have tried to see this from both sides.
I am not trying to be confrontational but wanted to ask a question. I think the TA was oversold from the beginning of negotiations. I do not think that the NC delivered what they set out to. I do see only minor improvements in this TA. I understand the no voters being so strong in their opinions, I don't understand why you feel so strongly about this TA?
Again I am not trying to be confrontational. I have read everyones comments and have tried to see this from both sides.
#19
So yes, worst case in 2021 I'll be paying 7276.08 a year for the buy-up plan instead of current book (for 2021) 4341.24...an extra 2934.84 a year. Ill also be making an additional $110K+ (NB 11 year Captain to WB 15 year Captain) yearly, not including my B-fund bump.
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