As a WF retiree the past 1.5 years, I am still on Wells healthcare. The HSA plan for spouse and dependents. I was shocked to see a 39% increase in my monthly premiums. No increase to dental. Are active team members seeing these type of increases as well?
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Reriree benefits are very slim. Free checking. Some long time employees receive medical subsidies but that was cut years ago.
Medical premium for myself, spouse and kids in $48K - $100K income group is up 8% over last year, deductible is the same - so high, it's like not having medical coverage
I'm a peon, where can I get me some of that prime rib?
Ah yes “cutting expenses” but having fully catered meals for us peons to show us “they care”. Skip the prime rib and let me have decent health care rates.
Post ID: @1rwi+1jAyKdba
I’m not the OP, but ACA plans are only cheap if you don’t make much money. Also varies from state to state. Once your income gets over a certain amount per year (earnings from your savings, social security if you take it early, part-time work etc) , ACA cost is comparable to cost of WFC retiree insurance depending on the ACA plan. The thought is that WFC retiree insurance is better insurance, but not sure that is the reality.
The US also subsidizes much of the world. Dr-g and medical research is overwhelmingly funded by the US. The rest of the world benefits from what the US does and then turns around and caps the costs to enter their markets. So Americans pick up the tab.
Europe pulls the same cr-p with NATO. Americans are picking up the tab there too.
European medical care is not as great as some in the US want you to think.
My oldest son developed a rare condition where his immune system was attacking his kidneys. His ur--e looked like Guinness poured from a tap. It wasn't a week between taking him to a pediatrician that we were being seen by the head of the pediatric nephrology department of a major US medical research university and treatment was started right away.
In discussions on a message board with people in Europe who had the same condition, they were waiting for months to see a specialist while their immune system was further damaging their kidneys.
OP, just curious, why are you on WF health plan as a retiree if they are not covering any part of the cost? Aren’t ACA plans cheaper?
yzz+1jAyKdba This is one of the few developed countries that does not set dr-g prices - for all citizens. Also healthcare is a for-profit business here so hospitals, pharma, medical equipment, you name it, are in for the money, they really couldn’t give a toss if they make you healthier or not.
Its up like 11-13% on active side. Its been around 10% a year every year.
We spend a fortune on healthcare and look at the pathetic results, we do worse than many 2nd and 3rd world countries
https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy
https://www.finder.com/healthcare-costs-by-country
American avg life expectancy 77.28, cost avg $11,072 PP for medical
Italian avg life expectancy 82.34, cost avg $3,647 PP for medical
Mine's not nearly as bad, ~8%
Yes. Not dragging you but, at this point, I’d be glad they were still giving retirees benefit options. My guess is that will be on the chopping block soon with the way they are cutting expenses.