Thread regarding AT&T layoffs

Health insurance option at T are horrible. Anyone who has been with this company for 20 years or more knows how bad it is. Constantly putting less in the bag and charging more! Catastrophic insurance is exactly what it is. Hope you never need medical care, the cost will bankrupt you.

How about getting rid of the "concierge services" and lower premium cost for everyone. Since these added "services" are touted as excellent benefits, getting rid of them must save a bunch of money :)

It used to be that benefits info can be summarized down to 1-2 pages, company is intentionally making it more difficult to locate information. All the concierge services are plain BS, more accounts setup, more gamification of medical private info so these companies can monetize your data and market to you as a consumer.

My health is between me and my doctor, and insurance company to process and pay claims. I'm really sick of these 3rd party promotions as if they are some great benefit, just go away.

I feel for all active employees. Doesn't really matter what plan you select, the end result is that you have nothing more than catastrouphic insurance. The co-pay or out of pocket will bankrupt you if you use it. Since I have been on Medicare, I've had two major surgeries both cost about $325, felt like a real bargain compared to the options for active workers at T.

If the deductible is up to $7050 what is the max out of pocket up to?

As far as life insurance goes...if you're healthy and still NEED life insurance (ideally, when you hit a certain age and financial status, you shouldn't)....do yourself a favor and shop term life insurance externally. You should find competitive rates to what you are paying for your supplemental as a great "benefit". I did, and felt great about being able to get the insurance I needed in place external to the company.

T Keeps taking what we worked our entire career for. WOW ...what is next?

The deductubale went to 7050 dollars
The deductible, or the maximum out-of-pocket (OOP)? There is a big difference. In my day, the difference in the deductible between the plans was less than the annual difference in the premiums charged. Meanwhile, the company was paying the lion's share of medical costs, so it would take about $20,000 in bills before my out-of-pocket made the high deductible plan inadvisable.

It is not a plan for everyone. There are two assessments needed - the math assessment, and an assessment of the health situation.

Post from TheLayoff.com
Benchmarked against Walmart, one of the cheapest companies when it comes to benefits.

@oes. Two years ago I was anticipating some surgery. I ran multiple scenarios. Silver never made sense. If out of pocket max was hit, bronze made the most sense because of the HSA contribution. There was some in between scenarios were Gold was better

" I noticed that our current 2x basic life insurance is being reduced to a flat $15k!"

I would read it again. That is not true.

And HR will proclaim benefits are extremely competitive and benchmarked against other companies, sounds familiar?

You ain't seen nothing yet! Benefit cuts will continue for active and retired employees. Stankey announced he still has 4B to cut from the budget. One can only guess where those cuts will be, but benefit cuts will not be immune. This is the result of a very poorly managed company.

Stankey has to save money somewhere to:

1. Fund his salary and bonus +incentives
2. Enable the T to pay suppliers some percentage of their contracted agreement
3. Attempt to propt up the value of T stock beyond $13.50
4. Keep his job by appearing relevant
5. Show the employees how loved they really are
6. To be continued

Yeah - I know... The new and improved Biden listing system. 1,2,3,d,5 etc

The deductubale went to 7050 dollars and monthly payments went up.

For active employees, I recommend doing the math insofar as health insurance is concerned. When I was there, checking out the premiums, out-of-pocket and so forth, for a single employee, I would have had to incur over $20,000 in medical expenses for the low deductible plan to make sense.

If the high deductible plan is selected, you may be able to fund an HSA. That HSA could be used to pay for Medicare part B, among other things. Biggest mistake I made was not funding an HSA when the opportunity existed.

Of course, if there is chronic illness present in the family, the low deductible plan may make more sense.

That is TERRIBLE! THAT IS LIKE just covering funeral costs!

I have seen the one for retirees - MUCH more expensive.

I can only assume the Stink will do the same for employees that he loves so much!