Tuesday, October 18, 2011

FedEx Is A Self Insured Company

This means that they pay for their own medical claims. there are two kinds of self insured groups:
fully self insured and partially self insured.

Fully self insured groups pay for all their claims and processing. the only thing the insurance company does is the clerical work for the employer such as answering claims questions. partially self insured is the same as fully self insured groups but there are some things that insurance company takes over on the claims and processing. Fully self insured groups are more independent versus fully insured groups. Me being an employee at a health insurance company can tell you first hand that the self insured groups are more strict because they can implement their own restrictions/exclusions on what we pay on the plans. So if a member was to call me today and say she got a bill for something that she could have prevented, generally with fully insured groups we can say that we will make an exception and educate the member on what to do to prevent it from happening again. With self insured groups I would actually have to consult w/ the groups health benefits administrator to get the OK to adjust any claims because they are paying for the claims not the plan.... hope this helps.

10 comments:

Joe Nuno said...

If you were to form a Union, you would have a strong trusted fiduciary representive to collect and bargain for us members, this trusted fiduciary representive is voted by us, "if we were members"
Now do you trust a representive of FedEx corp to act as your fiduciary representive?
Does this fiduciary representive collect and bargain for the employees of FedEx? No!!!
Now that FedEx and Conway are heading in the right direction to form their unions, others will follow, It's time for all carriers to organize.
Everybody is tired of being bullshit, lied and kicked around.
Enough is Enough!!!
I want my union...

Mario said...

I have talked to a ABF driver and he said the company pays for all of his medical except his co pay!

This could not happen at FedEx unless we negotiated as a union a contract.

Joe Nuno said...

Analyze This...

Here is my analysis, FedEx employees are paying $69 a week for PPO and $89 for HMO (KAISER) per week. PLUS CO-PAYMENT $25 for PPO $35 HMO visitation and prescription payment, plus $30 lab work. Conway employees are paying $ 105 per week for PPO, Plus co-payment for visitation and prescription co-payment and also $30 for lab work. ABF, YRC, UPS PACKAGE, Pay nothing per week, they have choices of PPO'S, HMO'S. $10 visitation, $5 prescription. What do you want? To be At Will with no choice, and no fiduciary trusted person to represent the employees. Or to be a union member, and not be an At Will employee, and to be able to vote and select a trusted fiduciary member and to represent us employees.

TURK 182 said...

Uncle Fred footed this 7% increase to us for the medical for this year. Now, our cost of living raise was BARELY approx 3%, so the raise we got this year & the raise we (hopefully) get next year still will NOT cover the increase that Fred passed on to us. Now factor in that Fedex just raised their rates approx 6% a couple months back, and that gives uncle Fred & his cronies a profit of 13% on their O.R. for the year!!

How much longer are we gonna sit on our hands & do nothing about this CORPORATE GREED!! The fat cats get richer while the working man gets SCREWED!! Welcome to the funeral for the middle-class american.

BE WISE! ORGANIZE!!

Robertson said...

FedEX can talk about YRC and blame the union for it’s financial trouble. But at least YRC drivers don’t pay for their health insurance.

Jeff D said...

thats right. when i works at P.I.E. i had insurence for 6 mots after i were layed off.

Floyd said...

Correct Joe. We are all tired of being bullshit. Well said.

Blink 182 said...

Robertson, not a very bright comment, YRC wont need to pay for benefits when they go under because the Teamsters wrecked the company.

Anonymous said...

Thanks blink for your ignorant and misinformation comment.

One of the main reason yrc is still around,is because of the concession the members have given, have helped yrc stay around up to now.

Now get back to your bong!

Floyd said...

Jeff you don't know what you are talking about. when I worked for Stafford in Detroit we got a year of insurance after our layoff. You and Robertson are missing out and you will never get the sweet deal Sanders and I got.