Alpa ltd plan
 

Nice increase in the rates. What are other guys using for LTD plans?

More than double.


Yikes.






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If you ever need it ... it counts as TAX FREE INCOME because you pay the premium.


:D

The plan used to be a much better than the ALPA plan, I wonder if that is still the case. Time to do some more insurance research.

I have no intention to debate the value of the product. As with any insurance, it was a great bet if you wound up needing it, and a waste of money if you didn't. I know that sounds facetious, but let's face it, any insurance is nothing more than a slightly sophisticated legalized gambling scheme.

My concern is the same committee that needs to raise premiums 131% were the same folks who told us our health care insurance cost increases would be reasonable, and The Company couldn't afford to improve our "A" Plan.


Just trust 'em. The Monthly Administration Fee that ALPA keeps didn't go up.

Oh, and would more people please participate, and fewer people use the benefit, so we can lower the rates in the future, please? ;)






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I think it is an extremely good plan, probably better than anything we could get on the open market. I understand that too many people are collecting on it, and that is why they prices are going up. However.....we have had a massive influx of newhires, many who have joined this plan. I'm assuming the vast majority of them are younger, and not collecting on the plan already, especially since they have to wait a year or two even if they went out immediately.

So, even with the high utilization rates, if you have large numbers of people joining and not using it, shouldn't rates actually be going down?

I am thinking of ditching the plan, sadly, even though I just went on it recently and endured a hassle getting onto it. If this plan costs me about $5600 a year, I can't even collect on it for a year, am very healthy and will probably retire in 5-6 years, I don't think it's worth it. What are the odds the premiums would ever go down? Premiums never seem to decrease.

You think it's a very good plan. You even used it recently but are in very good health. Now you don't think its worth it.

Do you think it is to expensive for what you get?

If you are in very good health why would you be on LTD?

Just wondering to help make a decision on continuing the plan.

I did not use it recently, I just signed up for it recently. I have never used it. I have over 20 years with the company, but I just signed up for the plan.

I think it's a good plan because it is tax free and pays out no matter what the company, or other employment income might be. But at over two times the cost I signed up for last year, I have to re-evaluate whether it's worth it. It's not a good deal at any price (unless you feel certain that you'll need it). In my case, it's likely that I'll never need it, but it's good to have just as a protection. I'm trying to figure out the price point at which it is still worth paying for.

One could always research how much LTD pay one would get, and keep one's budget below that.

Actually that's what I'm doing.

Yeah, I figure I'm covered and as of now, anything else is just extra. But it does seem like a very decent plan, and odds appear significant that a FedEx pilot might use it. But at what price?