any negative or adverse impact - any risks for it?
thoughts?
13 replies (most recent on top)
Who cares? I've paid for my own insurance for years. Seems like the Ford folks got fat on the farm with their wonderful benefits! Seems like they're joining the real world now!
How does a high deductible plan go from $ 0 to $ 430 a month? It's because Ford is contributing less to the benefit plan for 2020 They dropped There salaried retiree contribution from $17000 annually to $11858 and just past the cost on to the retirees
Shame on you FORD! The Salaried Retiree Health Care is a Sham, its discriminatory and significantly worse than active salaried employees and UAW plan. The costs have more than tripled with a significant increase in premium will burden folks on fixed income. My new monthly premium is greater than the cost of a new Ford Lease…hint hint…No Loyalty from employer, no loyalty on future purchases from my family.
Maybe this is Fords way of getting some of that severance pay back which explains why the working employees benefits weren't changed.
Do you all think you may have had it pretty good for to long? I mean sounds like F was going above and beyond as compared to other companies in town - if you know what I mean.
Those other guys xross town FROZE their pensions a loooooong time ago.
Asking an ex-employee with stage 4 cancer to triple her/his out of pocket payments is really low. Most casual observers would call it nasty, it says a lot about Ford leadership.
Might be a special place in hell for those making the tough calls ...
no one is asking for sympathy from the rest of the country, the point is this was a implied benefit (same cost insurance) for retirees and when you call an NESC they make sure they mention this and encourage you to investigate retirement, because of this benefit. Overnight it's gone. And for a family of two adults and a child. Its
triple there's no doubt. I might be a dumb engineer but I can do math.
Everyone agrees that medical insurance is unbelievably expensive. No one would debate that. The issue being explained here is the old bait and switch. People were offered early retirement and led to believe they would have access to the same insurance that was available while they were working. Suddenly the cost doubled or tripled (depending on who you talk to) for retirees. The cost for those still working is unchanged. People don’t expect a free ride but they do expect to receive accurate information when considering the pros/cons of taking the PRP. I speculate that not as many would have taken PRP had they know they’d face this kind of expense so soon after retiring. Raising the medical costs only for salaried retirees combined with who was targeted in the SRD speaks volumes about how Ford values those who made lifelong careers there.
Why isn't this front page news?!!! The answer is because the rest of the country is paying big bucks for their retirement medical, or they are working until age 65 when they can get on Medicare. Nobody has sympathy for you! Try buying medical insurance on your own. You'll quickly learn how lucky you are to be paying these LOW premiums!
People with chronic conditions will see out of pocket increase from around $3k to around $10k per year. They will complain that it isn't fair and was unexpected.
They will be right as it looks like salaried retires are taking on all of the burden for higher health care costs at Ford (at least for now). I think people will be sympathetic to salaried retirees being singled out. Ford will be viewed as an unethical company for not sharing the pain across all employees.
I would expect vehicle sales to decrease. Since most people who buy their vehicles are employees or retirees I’m sure they’ll miss the retirees who start buying from competitors.
Adverse impacts???? Try having your medical going from 45 to 500 bucks a month! No warning. They just do it. What a moral company they are!
The negative impact seems to be on the Ford retirees. I doubt that the general public will care or will stop buying Ford vehicles because of it. They will stop buying Fords because of quality issues. Some will go to competitors because they want a reasonably priced car and not an expensive SUV or truck. If PRPs are offered in the future I hope those considering it will include expensive health care into their budgets.