There was a manager's meeting about benefits yesterday. This is what I was told was discussed:
Those making for than 30k a year will see a 4.2% increase in health insurance premiums.
Domestic partners can no longer be covered on your health insurance.
No more Vitality Bucks or Amazon cards.
Don't worry though, in the town hall meeting yesterday they said they heard our feedback and would be "investing" in us. LMAO
Basic CHC financials (gross & net income) are on MCK's 10Q filings. The second quarter results should be available soon.
Where are the financials you're referring to? I'd like to take a closer look.
I am certainly not defending CHC. As a legacy MCK employee I feel CHC is nickel and diming us at every turn. They don't have any money to do anything more. Check out the financials - it is running on a shoestring and until the IPO even the razor thin net income goes to MCK and Blackstone.
Vitality without the Vitality Bucks is still a huge loss. Not much incentive to participate once the premium reduction to achieved. This was one of the best benefits they had, too bad they didn't see it that way.
For those of you that feel the need to defend CHC in this regard, please understand this: your insurance is a privilege, not a right. The sheer size of CHC means that they have enormous buying power and they can dictate what insurance packages they will contract for the employees. The higher the patient responsibility, the lower the premium cost. While CHC claims to shoulder the bulk of the premium payment, the truth is much more stark. Look at your W-2. Their "premium" is far higher than the average individual would pay on the open market AND they get a corporate tax credit for each "payment". It's in their fiscal best interest to provide c-appy insurance to their employees, claim to pay top dollar for it, pass NO savings on to you even though they are getting a volume discount, partner with an incentive program like Vitality that will both identify and track the individuals that will use the c-appy insurance and make CHC appear to be the benevolent uncle by providing a premium discount (that's already there) as proof of your willingness to contribute to your overall health. The Vitality incentive program "Vitality Bucks" still exists; your cruel employer chose not to participate. Wake up and smell the coffee; it's no longer percolating. it's burning.
The OP didn't say Vitality was going away. They said the Vitality Bucks were going away, which they are. The program and points remain, with the total accumulated points determining what level you achieve, later translating to a monetary discount, on your insurance costs. The error was in the misinterpretation by the firat person who replied, not in the original post.
Vitality is not going away. The points that you earned will be applied to your premium so you have lower insurance cost. No more points to buy stuff with - that's all. There is rollover of 10% of this years points to get 2019 started. Too bad folks need to post bad info here.....
That is too bad, vitality was a great program. I found it helpful and it encouraged me to be active. It rewarded those who at least put some effort into their health. I guess you change health by removing healthy inventives.