Posted on 08/21/2013 7:20:27 AM PDT by massmike
United Parcel Service Inc. plans to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere. The Atlanta-based logistics company points to the Affordable Care Act, or Obamacare, as a big reason for the decision, reports Kaiser Health News.
The decision comes as many analysts are downplaying the Affordable Care Act’s effect on companies such as UPS, noting that the move reflects a long-term trend of shrinking corporate medical benefits, Kaiser Health News reports. But UPS repeatedly cites Obamacare to explain the decision, adding fuel to the debate over whether it erodes traditional employer coverage, Kaiser says.
(Excerpt) Read more at nationalreview.com ...
I also heard yesterday that the company “Forever 21” (sells teen clothing — know it well from being dragged there by my daughter) — said they will no longer hire full time employees, everyone will go on the 29.5 hours/week plan as of NOW.
Part time jobs: The New Normal.
Can people get better coverage with two policies to draw from?
No word and I could find nothing about Fed Ex taking any stand against BSA.
I’ve always wondered why married workers, or those with kids, (or those with a gay pal at home) should be compensated more than single workers.
That seems like an equal protection issue.
I’ve wondered the same about the taxes paid by a worker.
UPS should drop 1600 Pennsylvania Avenue as a delivery point.
.................In the long run, I think many of the benefits companies have traditionally offered to attract talent will be eliminated as the costs of those benefits increase................
I believe that my wife’s company, Reebok, now Addidas, had the benefit package figured out correctly.
Based on your wage and grade, each employee was given a set number of benefit dollars that they could spend per year. So each employee could choose for themselves out of large listing of $ benefit options those choices that made the most sense for them. So a single person would check off single medical coverage, maybe dental, maybe a certain level of life insurance, and if the $ choices were priced below the allowance, they received bi-weekly pay increases for the difference.
A married person could choose to cover only themselves, or the spouse, and/or the kids, and make all the other choices, and if their $ spending plan was above the $ allowance, then their bi-weekly paycheck was hit with the difference.
Simple, fair, individualized, and the benefit $ allowance started at a fairly high number for junior employees, then tailed off for the higher paid folks.
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