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Moen retirees to lose health care insurance
Chronicle Telegram ^ | 3/26/13 | Steve Fogarty

Posted on 03/26/2013 5:27:46 AM PDT by EBH

Judy Starcovic was one of nearly 230 Moen Inc. retirees who opened letters last week informing them their company-provided health care insurance will end as of Jan. 1, 2014.

“I was there 35 years and they told me I had health care with them,” Starcovic, 71, said Monday.

The letter, which was signed by Moen President David Lingafelter, informed retirees that as of Jan. 1, Moen will no longer offer health care insurance to approximately 440 retirees in the U.S., including the almost 230 who live in Northeast Ohio and the rest of the state, according to Robyn Hill, Moen vice president of human resources.

Hill cited the cost of insurance, coupled with adapting the company’s health care to conform to changes mandated by the health care reform bill for its current workers as the reason for the change. Those moves include extending the coverage to age 26 for dependents and paying 100 percent coverage for birth control.

(Excerpt) Read more at chronicle.northcoastnow.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: healthcare; healthinsurance; obamacare
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1 posted on 03/26/2013 5:27:46 AM PDT by EBH
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To: EBH

Proved to be a “drain” on resources.....


2 posted on 03/26/2013 5:31:10 AM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: EBH

This only makes me despise my liberal in laws that much more.


3 posted on 03/26/2013 5:33:02 AM PDT by albie (re)
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To: EBH

Well, she will have to rely on Medicare plus an add on policy and come up with some co-pays like everybody else. What did she think was going to happen? Companies have been discontinuin private healthcare insurance for retirees for the last 30 years. This should be no surprise.

Only the teachers seem to be still on 100% reimbursement.


4 posted on 03/26/2013 5:33:25 AM PDT by afraidfortherepublic
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To: EBH
“I was there 35 years and they told me I had health care with them,” Starcovic, 71, said Monday.

Well, Judy, now you're getting Obamacare - isn't that nice? And with your 72nd birthday, here's a little blue pill to take...


5 posted on 03/26/2013 5:33:51 AM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: EBH
adapting the company’s health care to conform to changes mandated by the health care reform bill

er, company careful not to use the term "OBAMACARE"? which will absorb those now-uninsured retirees and limit their access to healthcare to make the "pain pill" is standard of care instead of hip replacements
6 posted on 03/26/2013 5:38:11 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: EBH

Thank you, Obamacare, for making the cost of medical services insurance so impossibly high as to drive it either out of the country or underground. The “Patient Protection and Affordable Care Act” is probably one of the most mis-named pieces of legislation ever passed in the history of the United States. Patients are not protected and no care is afforded at any price.

And these people have not even been subjected to a rendering of “Quality Adjusted Remaining Years” board review yet.

Time is coming when the only half-way adequate health will either be self-treatment, or contacting an underground or overseas operation.


7 posted on 03/26/2013 5:38:25 AM PDT by alloysteel (Every generation laughs at the old fashions, but follows religiously the new.)
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To: EBH

I can’t see why they can’t grandfather. Those who are retired are ok, but all future retirees will not receive those benefits. Although, from the sound of the woman in the story, she is 71 so she is on medicare and most likely the company medical plan was secondary so they were only paying 20 percent....UNLESS the company was the primary and they didn’t need medicare which is highly unlikely. With only 440 retirees affected, I don’t see why they can’t continue the coverage. What is their bottom line? That would be interesting to know. Of course in a poor me story, you never get all the facts.


8 posted on 03/26/2013 5:38:57 AM PDT by napscoordinator
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To: alloysteel
I don't know about unaffordably high. My Mom has Medicare for 99 dollars a month. 50 dollars for Medicare part D and supplemental insurance for 178 a month. It is a nuisance but not exactly outrageous.
9 posted on 03/26/2013 5:41:40 AM PDT by napscoordinator
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To: albie

Oh, but I bet they feel good about themselves for being “good people” for supporting policy that “helps people”.

They won’t even listen to any arguments or examples of how the policy actually hurts people, because when you present those facts, you’re “attacking” their “good personhood”.


10 posted on 03/26/2013 5:41:48 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

Oh, but I bet they feel good about themselves for being “good people” for supporting policy that “helps people”.

...that’s what being a low information voter is all about!


11 posted on 03/26/2013 5:49:58 AM PDT by albie (s)
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To: napscoordinator

Your post makes two astonishing assumptions.


12 posted on 03/26/2013 5:50:29 AM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: EBH

Just in time for Obamacare!

And to think- no one believed us (conservatives) when we said there was “death panels”... How confident are you now (at age 72)?

Stay healthy! Don’t want to have the government doing a cost-benefit analysis to see if you can ‘qualify’ to get the latest health care treatments~!


13 posted on 03/26/2013 5:53:38 AM PDT by Mr. K (There are lies, damned lies, statistics, and democrat talking points.)
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To: napscoordinator

You forgot the Medicare Part B premium she pay’s. True it does not go to an Insurance company, but it’s an out of pocket expense. In 2013 it’s gone to $104.90. By Comparison it was $3.00 in 1965 when the “tax” was first legislated into existance.


14 posted on 03/26/2013 5:56:29 AM PDT by swamprebel (a Constitution once changed from Freedom, can never be restored.)
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To: EBH
Judy, Governor Kasich is letting Obama run your state's health insurance exchange, so you'll have plenty of opportunities to make friends waiting in line for health care! Enjoy!


15 posted on 03/26/2013 5:56:56 AM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: albie
Actually, the people who voted in ObamaKKKare are EVIL and must be rejected. Just put me on one of those death panels and I'll quickly figure out how to implement standards of care that shorten Democrat lifespans while extending Republican lifespans.

Bet the Democrats never thought about that prospect eh!

16 posted on 03/26/2013 5:57:52 AM PDT by muawiyah
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To: swamprebel

Oh, on closer inspection, perhaps you DID include this cost, just at the wrong rate.


17 posted on 03/26/2013 6:02:15 AM PDT by swamprebel (a Constitution once changed from Freedom, can never be restored.)
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To: EBH

This happened in the company I worked for many years ago, long before Obamacare.

In this case it was due to the declining fortunes of a 100 year old company being destroyed by NAFTA. A few years later the company went out of business and many thousands of American jobs just evaporated.

We found out that it is perfectly legal for a company to promise a retirement benefit your whole working life then end it the week before you retire.

There are also a myriad of cases where companies have altered retirement medical benefits long after retirement.


18 posted on 03/26/2013 6:09:55 AM PDT by Iron Munro (Welcome to Obama-Land - EVERYTHING NOT FORBIDDEN IS COMPULSORY)
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To: EBH

Near as I can tell, this give those retirees who did not vote for the Obamadork full rights to beat the smelly sh...er...Obamastuff out of those retirees who did.

And that right shall soon come to all of us.

Beware, libs, your time is indeed coming.


19 posted on 03/26/2013 6:13:00 AM PDT by Da Coyote
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To: Iron Munro
"We found out that it is perfectly legal for a company to promise a retirement benefit your whole working life then end it the week before you retire."

Which highlights the difference between legal and moral.

20 posted on 03/26/2013 6:13:51 AM PDT by BipolarBob (Happy Hunger Games! May the odds be ever in your favor.)
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To: EBH

Welcome to the Soviet Union.

Pray for America


21 posted on 03/26/2013 6:16:56 AM PDT by bray (Surviving to spite Obama)
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To: Iron Munro
We found out that it is perfectly legal for a company to promise a retirement benefit your whole working life then end it the week before you retire.

It's a crying shame though. I have known a fair amount of decent, hardworking family people who traded a better salary for good benefits. I think those people are fading as good benefits are going the way of the dinosaur. What you're seeing now among the younger versions of the benny chasers are folks who are not taking better jobs when the lower paying one they've got now is seeimingly more secure.

Yup, it's a depression out there.

22 posted on 03/26/2013 6:17:19 AM PDT by old and tired
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To: C. Edmund Wright

True, but the story does not provide any information on what percentage they pay for her medical treatments and various other things. They do mention the 26 year old insurance plans that they have to use now and birth control. As we heard during the Republican debate when the one lady wanted free birth control, the conservatives laughed at her because birth control is only 10 bucks a month.


23 posted on 03/26/2013 6:19:32 AM PDT by napscoordinator
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To: EBH

Well they passed the bill, and now we’re finding out what’s in it. Just like Nancy said.


24 posted on 03/26/2013 6:20:17 AM PDT by dfwgator
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To: BipolarBob
Which highlights the difference between legal and moral.

Yes, but... These retirees likely are better situated than most. They likely have pensions in addition to their social security. Most of them will be able to pay the Medicare and supplementals without too much discomfort. Meanwhile, Moen is still employing a lot of people who have families to feed. I could easily see where a CEO who takes away his retirees health benefits is taking the least harmful course of action.

25 posted on 03/26/2013 6:20:55 AM PDT by old and tired
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To: old and tired
Most of them will be able to pay the Medicare and supplementals without too much discomfort.

That's great for some but what about those who retired early and aren't eligible for Medicare? They worked their whole life until they couldn't go on and now are thrown under the bus?

26 posted on 03/26/2013 6:27:18 AM PDT by BipolarBob (Happy Hunger Games! May the odds be ever in your favor.)
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To: EBH

Just one more example of how easy we humans become dependent on something then squeal like a stuck pig when that something is taken away.

Businesses never should have been in the business of providing anything but X number of dollars for Y hours of work or production or commission.

We all know why it started but that does not change the fact that a business is not your mother or father.

Just like the government tells us not to feed the bears because they become dependent on food which they do not have to forage for, we humans all succumb, to one degree or another, to what on the surface appears to be free handouts.

In fact, the free handouts will always be more expensive because market forces are not in play.

Market forces will always try to push the price down while subsidized anything allows prices to rise.

Want health care to cost less or at minimum not rise faster than inflation? Offer only catastrophic coverage. Everyone should pay something otherwise we will always be in this hyperinflation spiral with health care and the communists will continue to push for One Payer (government) rationed health care.


27 posted on 03/26/2013 6:28:48 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: EBH

Wonder how many of these geezers voted for Obama. They have nothing to worry about. He’ll take care of them. They’ll be getting their government-issued little red pill when they exceed their allotted amount of “health care.”


28 posted on 03/26/2013 6:31:10 AM PDT by txrefugee
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To: BipolarBob
Which highlights the difference between legal and moral.

Nicely said.

“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”

-- John Adams; 2nd US President, 1797-1801


29 posted on 03/26/2013 6:32:43 AM PDT by Iron Munro (Welcome to Obama-Land - EVERYTHING NOT FORBIDDEN IS COMPULSORY)
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To: napscoordinator

The figures you quoted are what is the demanded amount for now. But this is almost certainly going to escalate, maybe not today, and maybe not tomorrow, but soon, and for the rest of your life. Along with the escalation, there will be continuing curtailment of the services supplied, or inappropriate treatments offered, neither effective, nor, eventually, even to provide palliative care. The old will die in pain and with paralyzing disabilities.

But all that is for later. Today, your mom is probably OK.


30 posted on 03/26/2013 6:38:27 AM PDT by alloysteel (Every generation laughs at the old fashions, but follows religiously the new.)
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To: afraidfortherepublic
Thank you for your response. I feel the need to repost it, since it seems lost on many:

Well, she will have to rely on Medicare plus an add on policy and come up with some co-pays like everybody else. What did she think was going to happen? Companies have been discontinuing private healthcare insurance for retirees for the last 30 years. This should be no surprise.

Unles your an executive or in the public sector, if you have private subsidized retiree health insurance, you are incredibly rare and incredibly lucky. Moen is being silly when they say "covering birth control" was the straw that broke the camel's back.
31 posted on 03/26/2013 6:40:45 AM PDT by whattajoke (Let's keep Conservatism real.)
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To: EBH
One thing I didn't see in the article was whether this benefit was covered by a contract, either individual or union. Was the company just providing it under some non-contractual "promise" or are they breaching a contract to make this cut? And was it a real contract or did it have the all too common statement "we can change these terms anyway we want to by giving a 12 hour notice"?

If it was a contract which couldn't be changed unilaterally, then bankruptcy should be the only way it can be breached. Or if it was a union contract the union could renegotiate it and screw the retirees.

32 posted on 03/26/2013 6:43:03 AM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: EBH

Kevin Moen of “the Play” (Cal/Stanford Big Game 1982) is completely innocent of all of this.


33 posted on 03/26/2013 7:12:59 AM PDT by Verginius Rufus
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To: EBH

The Goodyear Tire & Rubber Company did this last year, effective January 1, 2013...at least for salaried retirees.


34 posted on 03/26/2013 7:16:04 AM PDT by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders.)
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To: whattajoke

“covering birth control” was the straw that broke the camel’s back.

Maybe not. Its not just for their employees. Its for every person on their insurance company’s rolls. Not to mention the subsidy for those too poor to pay anything for anything.

I’m sorry: these people made a contract with Moen and Moen with them. Moen is breaking that contract with the blessing of the feds.
And that is just wrong.


35 posted on 03/26/2013 7:18:06 AM PDT by Adder (No, Mr. Franklin, we could NOT keep it.)
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To: EBH

Obama-care!


36 posted on 03/26/2013 7:26:38 AM PDT by sickoflibs (To GOP : Any path to US citizenship IS putting them ahead in line. Stop lying about your position.)
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To: G Larry

They shut off the money faucet.


37 posted on 03/26/2013 7:33:03 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: EBH

DuPont did the same thing to it’s retirees this year. After decades of explaining how they take care of their people, they tell their retirees they are not covered by the secondary insurance they had been getting[Medicare is primary and the secondary was retiree/DuPont paid].

Times they are a’changin’.


38 posted on 03/26/2013 7:34:38 AM PDT by Hartlyboy
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To: EBH

Big deal this happened to both my parents - after they retired the companies went out of business - they lost insurance and some money. They survived and redirected.


39 posted on 03/26/2013 7:38:33 AM PDT by Pilated
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To: EBH

When I retired I was paying $88 a month for retiree health insurance. By the time I was eligible for Medicare, I was paying $440 a month.


40 posted on 03/26/2013 7:52:36 AM PDT by Retired Chemist
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To: Adder

Wisconsin voted for Obama. I live in Cailifornia and will be taxed to support millions of dependents, many who should be forcefully deported. Choices, or until we leave.

Enjoy.


41 posted on 03/26/2013 8:12:46 AM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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To: Adder
I’m sorry: these people made a contract with Moen and Moen with them. Moen is breaking that contract with the blessing of the feds. And that is just wrong

While you may very well be correct, I read nothing about a contract. When there are contracts, companies grandfather retiree plans. My company did that back around 2000.

We've gone from an world of pensions, anniversary gifts and retiree health insurance to a world of 401k's, certificates and booklets on Medicare.

I'd bet my house that Moen's biggest financial issue right now is the stupid-low interest rates and not health insurance costs.
42 posted on 03/26/2013 8:14:14 AM PDT by whattajoke (Let's keep Conservatism real.)
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To: G Larry

The whole country is swirling around the toilet bowl now. It won’t take much longer to go down the drain.


43 posted on 03/26/2013 8:59:28 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: EBH
Now seniors will clamor for single payer.
44 posted on 03/26/2013 9:09:12 AM PDT by 1010RD (First, Do No Harm)
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To: napscoordinator
With only 440 retirees affected, I don’t see why they can’t continue the coverage.

Well, I guess you have neverbeen charge to find health insurance for a company. Our tiny company say our group healthcare costs double and triple EACH year for the 10 years before we finaly discontinued the whole plan. Every year our co-pays went up and our coverage went down and the costs for all this skyrocketed. Finally, we turned everybody over to an independent broker. They each have their own policy which they pay for themselves. We reimbursed the employees for 50% of the cost of the new insurance via increased wages. Those who were uninsurable privately for one reason, or another, picked up a state policy (a Wisconsin benefit). We are totally out of it.

45 posted on 03/26/2013 9:27:41 AM PDT by afraidfortherepublic
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To: napscoordinator
With only 440 retirees affected, I don’t see why they can’t continue the coverage.

Well, I guess you have neverbeen charge to find health insurance for a company. Our tiny company say our group healthcare costs double and triple EACH year for the 10 years before we finaly discontinued the whole plan. Every year our co-pays went up and our coverage went down and the costs for all this skyrocketed. Finally, we turned everybody over to an independent broker. They each have their own policy which they pay for themselves. We reimbursed the employees for 50% of the cost of the new insurance via increased wages. Those who were uninsurable privately for one reason, or another, picked up a state policy (a Wisconsin benefit). We are totally out of it.

46 posted on 03/26/2013 9:27:42 AM PDT by afraidfortherepublic
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To: EBH

“I was there 35 years and they told me I had health care with them,” Starcovic, 71, said Monday.”

That’s the beauty of Obamacare. The morons won’t understand that the government caused this, instead they will blame the evil corporations and demand that the government take further action to protect them from the borgoise!


47 posted on 03/26/2013 9:53:34 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: afraidfortherepublic; napscoordinator
With only 440 retirees affected, I don’t see why they can’t continue the coverage.

The older you are, the more expensive your heatlh care and therefore health insurance is. When you have a concentrated pool of older folks, the claims experience and risk exposure never ever gets better. It gets worse every year.

Actuaries cringe at retiree plans. They are unsustainable in the private space. I have consulted with several very large, privately owned conservative firms that have done everything they can to weasel their ways out of retiree benefits. You can't even begin to imagine. Death panels in PPACA? Private firms wish that were true.

I've been privy to execs sitting around openly hoping for life support retirees to die. With a claims pool of 100 or so, that one person's $3,000,000 annual claims were driving everone's costs up to unheard of levels - and the company was paying for them.

No company will carry retiree health benefits in 20 years. None.
48 posted on 03/26/2013 9:57:26 AM PDT by whattajoke (Let's keep Conservatism real.)
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To: G Larry

Guess they are getting showered with good news, eh?


49 posted on 03/26/2013 9:58:47 AM PDT by sauropod (I will not comply)
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To: EBH
“I was there 35 years and they told me I had health care with them,” Judy Starcovic, 71, said Monday.

Did you vote for Obama, Judy? How many of your friends did? Of course, you'll still have Libs like my brother who thinks that companies are using Obamacare's costs as an "excuse" to get rid of health coverage to become even more profitable, and that they should be forced to keep everyone covered no matter what the cost.

50 posted on 03/26/2013 10:07:52 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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