It's just awful.
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Because Honeywell is an incredibly cheap and unethical company
- Lowball new employee salaries as much as possible
- Give very poor raises that are below inflation
- Mandatory PIP's to further reduce the cost of employee raises across the board
- Terrible severance plan
- High cost, high deductible health insurance with large out of pocket costs
- Mandatory employee HMI screening (seriously?) and tobacco screening
- Overestimate employee HMI to increase surcharges and company revenue
Honeywell is garbage and this is par for the course.
What amazes me is that this awful plan is being touted as an "employee benefit". With it being so expensive and lacking in coverage it's hardly a "benefit" to anyone...
My Obamacare (Silver Plan) was almost identical to my HON insurance in deductible, max out of pocket, coverage, co-pays etc. The Obamacare cost $2200 per month for my spouse & myself. As much as I disliked my insurance when I worked, Obamacare for the couple of years between working and Medicare was worse.
I’ve never had worse insurance in my life.
Honeywell's health insurance offering is simply another for-profit business. Check out what they put down on your W-2 as their contribution to your cost of health insurance. They are really contributing to themselves.
Unless things have changed Honeywell is self insured they pay a company to manage the program but all payments are made by Honeywell. Management won’t get those big bonus’s if they pay out to many claims
Not only is it expensive they don't cover SH*T. Ridiculous out of pocket and deductible.
Actually, it's not so bad when compared to Obamacare. It still stinks, but it's not as bad as you think.
Because they consider employees a cost liability rather than an asset and are self-insured. Just like every other request for expenditure, the company's answer is NO. What employees get charged for is all the services they use to manage (BCBS) and deny timely, proper care to employees, and find excuses not to cover pretty much everything if you're older, have a certain BMI, high blood pressure, or diabetes, or need certain quality-of-life-related surgeries.
This is a company that hates its employees and provides something that looks to the outside like health insurance, but instead diminishes the health of employees and their families by causing them to skip doctor appointments because they can't afford them even with "insurance".