Spirit health insurance cost
10-22-2021 | 11:33 AM
#42
Gets Weekends Off
Joined: Jan 2018
Posts: 2,837
Likes: 278
Our max out of pocket on the HSA is only 5k for an individual. There's no excuse for someone making 6 figures to not have that kind of money liquid.
10-22-2021 | 12:32 PM
#43
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
I am on the Diamond right now, and have a bit stashed up... but if I ever left Spirit, all of that goes poof. - it's not mine to begin with.
With the HSA, i can take that with me if I ever left Spirit or if i medical out0000.
Do you do your own contribution in addition to what Spirit contributes? and is your contribution limited by Spirit's contribution?
in other words can you contribute $7300 to the HSA if Spirit contributes $2000 - or are you limited to $5300 + Spirit's $2000?
And then you play investment broker with the HSA balance above $2000?
With the HSA, i can take that with me if I ever left Spirit or if i medical out0000.
Do you do your own contribution in addition to what Spirit contributes? and is your contribution limited by Spirit's contribution?
in other words can you contribute $7300 to the HSA if Spirit contributes $2000 - or are you limited to $5300 + Spirit's $2000?
And then you play investment broker with the HSA balance above $2000?
10-22-2021 | 04:41 PM
#44
Line Holder
Joined: Jun 2006
Posts: 491
Likes: 0
Based on many airlines having health care options for retired pilots and/or LTD pilots, im willing to wager we will have the same when it comes to retirement for us and a few contracts to develop it. I honestly expect this on the next contract. Its pretty much industry standard. Because I have no interest in leaving here, im happy with the HRA Diamond and feel there is a good chance ill take my HRA balance into retirement to use on healthcare needs.
You can have 75,000 in the Diamond HRA. (25 years x 3000 year) when you retire and all of it goes back to spirit. You get nothing
whereas the HSA is 2000 free money from spirit every year and a 5300 FSA that you don’t have to use or lose
it’s not spirits call to allow pilots to change the HRA rules to allow us to take the HRA balance with us when we retire because the IRS makes the rules for HRAs. We’d have to get congress to change the rules.
10-23-2021 | 06:27 AM
#45
Gets Weekends Off
Joined: Mar 2017
Posts: 4,174
Likes: 157
i was under the impression that with the diamond HRA when you leave spirit either Retirement or going to another airline. You don’t take that with you.
You can have 75,000 in the Diamond HRA. (25 years x 3000 year) when you retire and all of it goes back to spirit. You get nothing
whereas the HSA is 2000 free money from spirit every year and a 5300 FSA that you don’t have to use or lose
it’s not spirits call to allow pilots to change the HRA rules to allow us to take the HRA balance with us when we retire because the IRS makes the rules for HRAs. We’d have to get congress to change the rules.
You can have 75,000 in the Diamond HRA. (25 years x 3000 year) when you retire and all of it goes back to spirit. You get nothing
whereas the HSA is 2000 free money from spirit every year and a 5300 FSA that you don’t have to use or lose
it’s not spirits call to allow pilots to change the HRA rules to allow us to take the HRA balance with us when we retire because the IRS makes the rules for HRAs. We’d have to get congress to change the rules.
10-23-2021 | 06:32 AM
#46
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
i was under the impression that with the diamond HRA when you leave spirit either Retirement or going to another airline. You don’t take that with you.
You can have 75,000 in the Diamond HRA. (25 years x 3000 year) when you retire and all of it goes back to spirit. You get nothing
whereas the HSA is 2000 free money from spirit every year and a 5300 FSA that you don’t have to use or lose
it’s not spirits call to allow pilots to change the HRA rules to allow us to take the HRA balance with us when we retire because the IRS makes the rules for HRAs. We’d have to get congress to change the rules.
You can have 75,000 in the Diamond HRA. (25 years x 3000 year) when you retire and all of it goes back to spirit. You get nothing
whereas the HSA is 2000 free money from spirit every year and a 5300 FSA that you don’t have to use or lose
it’s not spirits call to allow pilots to change the HRA rules to allow us to take the HRA balance with us when we retire because the IRS makes the rules for HRAs. We’d have to get congress to change the rules.
10-23-2021 | 08:32 AM
#47
Gets Weekends Off
Joined: Dec 2007
Posts: 171
Likes: 0
Do you know for a fact that the current HRA balance (what the company owns) can’t be rolled over to an employer funded Retirement Reimbursement Account? Im not a benefits specialist but I know there is an HRA and a Retiree HRA. The company should be able to fund the Retiree HRA with a lump sum at time of retirement.
Currently the full balance of HRA belongs to the company. Should you leave the company, retire, or change your current HRA health plan for another health plan, you lose the full balance of the HRA. If you want that changed get in touch with your rep and negotiating committee.
The current CBA also doesn’t allow retirees to purchase health plans offered by the company unlike contracts at other airlines.
10-23-2021 | 08:38 AM
#48
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
Currently the full balance of HRA belongs to the company. Should you leave the company, retire, or change your current HRA health plan for another health plan, you lose the full balance of the HRA. If you want that changed get in touch with your rep and negotiating committee.
The current CBA also doesn’t allow retirees to purchase health plans offered by the company unlike contracts at other airlines.
The current CBA also doesn’t allow retirees to purchase health plans offered by the company unlike contracts at other airlines.
And yes, my feels were made on the survey we took and will continue to be made on future surveys.
10-23-2021 | 08:54 AM
#49
Gets Weekends Off
Joined: Dec 2007
Posts: 171
Likes: 0
Ugh, yes. We all know that. We are not discussing what we have but what can be obtained through negotiations, and what is possible with Retirement HRA. We have many CBA cycles yet before we start seeing true retirements at Spirit. No reason to not start to improve how our insurance is handled in regards to LTD and retirees as we begin work on the next contract.
And yes, my feels were made on the survey we took and will continue to be made on future surveys.
And yes, my feels were made on the survey we took and will continue to be made on future surveys.
Understood. I think the one thing that catches a lot of people out is losing the HRA money by simply just changing your health plan. I think there’s a lot of folks that don’t know that.
R&I can certainly stand some real improvement. Especially to stay competitive.
10-23-2021 | 09:06 AM
#50
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
Would love to see more coming from the R&I committee as a whole. No reason to not have a little part of the biweekly email we get...Retirement and Insurance is only a HUGE part of our contract
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