#1 UPS to drop 15,000 spouses from insurance, cites Obamacare08-22-2013, 07:28 AMUnited Parcel Service Inc. plans to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere. The Atlanta-based logistics company points to the Affordable Care Act, or Obamacare, as a big reason for the decision, reports Kaiser Health News.
The decision comes as many analysts are downplaying the Affordable Care Act's effect on companies such as UPS, noting that the move reflects a long-term trend of shrinking corporate medical benefits, Kaiser Health News reports. But UPS repeatedly cites Obamacare to explain the decision, adding fuel to the debate over whether it erodes traditional employer coverage, Kaiser says.Earlier this week, Forever 21 Inc. became the latest national company to cut employee hours to counter the impact of Obamacare, according to Policymic.com.
Atlanta-based AAA Parking, a parking garage operator that employs more than 1,600 companywide, moved about half of its 500 full-time hourly employees to part-time status on April 15, in response to the law.
NBC News contacted around 20 small businesses and other entities for this report and found that employee hours are being cut to 29 hours because of Obamacare, despite the delay of the employer mandate. But the White House, NBC News reports, says that there is no systematic evidence that this is because of Obamacare and dismisses the report as anecdotal.
08-22-2013, 08:11 AM
- Join Date
- Mar 2002
- Items for Sale
The ObamaTrons will protect the Master!!!May the FORCE be with you!
08-22-2013, 09:46 AM
UPS is dropping the spouses because those spouses are eligible for health care coverage elsewhere.
I personally think it was above and beyond for UPS to cover spouses that way. Most of the time, the employee has to pay for coverage for spouses and children, even if it's reduced rates.
08-22-2013, 10:02 AM
The kicker is how Obamacare spells it out.....first off health insurance is now mandatory and Obamacare only requires employers to cover the employee and children up to the age of 26, not the spouse.
The health law requires large employers to cover employees and dependent children, but not spouses or domestic partners, Kaiser adds
08-27-2013, 03:48 PM
Starbucks says they will continue to cover spouses.
09-07-2013, 09:34 PM
- Join Date
- Jun 2008
Now it's IBM
Citing costs, IBM to move retirees off health plan
Read more: http://www.foxnews.com/us/2013/09/07...#ixzz2eFypDGKF
International Business Machines Corp. plans to move about 110,000 retirees off its company-sponsored health plan and instead give them a payment to buy coverage on a health-insurance exchange, in a sign that even big, well-capitalized employers aren't likely to keep providing the once-common benefits as medical costs continue to rise.
The move, which will affect all IBM retirees once they become eligible for Medicare, will relieve the technology company of the responsibility of managing retirement health-care benefits. IBM said the growing cost of care makes its current plan unsustainable without big premium increases.
IBM's shift is an indication that health-insurance marketplaces, similar to the public exchanges proposed under President Barack Obama's health-care overhaul, will play a bigger role as companies move coverage down the path taken by many pensions, paying employees and retirees a fixed sum to manage their own care....
09-08-2013, 12:16 AM
- Join Date
- Mar 2010
|« Previous Thread | Next Thread »|