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 ...
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.
The whole country is swirling around the toilet bowl now. It won’t take much longer to go down the drain.
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.
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.
“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!
Guess they are getting showered with good news, eh?
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.
I think we will see private hospital ships cruising off the Atlantic and Pacific coasts offering major surgery, cancer treatment, joint replacement, etc. to patients with cash. If this market grows and becomes competitive it might actually bring down health care fees and prices back on the beach.
People voted for democrats after Pelosi said “We have to pass it to see what’s in it.” To me, that says a lot about democrat voters.
“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.”
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In ‘82 I left a job with a company I had worked for for just over ten years. I left because they were in receivership and they wanted me to relocate hundreds of miles from my current location. I refused and took a job with a division that the company had sold off a few months earlier and after a few more months I started my own little business. A year or so later they notified me that the retirement plan in which I was “fully vested” was being closed out and a new one started. Those who met some unstated arbitrary length of service under the plan were to keep their vested plan and file for retirement when they reached the qualifying age. Those who, like me, fell below the unstated length of service were to be given an immediate lump sum payout and would have no further benefits. With ten years I got just over $1200. dollars! That amounted to about five cents for every hour I had worked for the company. A coworker who had worked 26 years for the company got a letter telling him that he could draw his expected retirement benefit when he reached the age to qualify. He developed cancer in his fifties and contacted the company to tell them he was dying and asked if he could draw some kind of lump sum settlement. He was told that he could not do so and there would be ZERO benefits for his survivors! In other words my little lump sum for ten years was infinitely larger than his zero for 26 years.
Proved to be a “drain” on resources.....
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Yes, their accountants and actuaries told them it was time to pull the plug on their retirees’ healthcare.
Oh, that's a standard benefit .... that they contract out to Soylent Corporation .... where the blue pills come from, too, btw, since True Apothecary Pharmaceuticals is Soylent's wholly-owned sub.
I find govt workers the least sympathetic when it comes to others suffering...
just as long as you got yours, right?
another govt retiree.....save it...
“Which highlights the difference between legal and moral. “
Is it ‘moral’ to have socialized medicine in the form of medicare/medicaid shift the cost of insurance to private companies - forcing costs to skyrocket to some wildly unpredictable future level, and then expect a private business to simply ‘eat’ the cost, no matter what it is?
No kidding. I remember when the teachers here howled at having their annual BCBS deductibles doubled (from $25 to $50). You'd think they had been condemned to death.
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