Uhhhh I just looked at what the new plans under Aetna will be. Costs for many will increase by 15%. Let’s see? More stress, more hours, more anxiety, more commuting costs, more health, dental and vision costs next to a 1-2% salary increase- if you are lucky.
‘Eliza, why am I getting poorer at BNY while do nothing executives get filthy rich?’
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I loved how the bank took credit for “no premiums for employees making under 100k”
They triple the premiums for people making over 100k and below MD to pay for it!
If you only knew the truth about how BNY self insures, how they collect “premiums” but instead of paying Blue Cross, Aetna, etc, they invest the money, get back billed for medical charges (which are over the deductible amounts, remember how much we are paying before we hit the deductibles) and invest the funds and earn from the premiums. I am not saying the bank is not bearing the expense, but it does not happen the way we are lead to believe.
I haven’t seen the rates posted yet. Where did you find it?
@db HR is not going to answer accounting or financial questions related to recent changes in healthcare benefits. Attempting to cross this line immediately flags you as a liability, gets you noticed for the wrong reasons, and will have you out the door before you know it.
It’s a safe bet that the move to Aetna allowed BNY to drop more of the company cost match behind the scenes. It’s not that the cost of health coverage went up all that much. That’s how these cads and con artists are rolling this out. HR should be challenged to explain the accounting on this.
The well is dry, and Derm's porky pies are about to catch up with him. Wouldn’t surprise me if RV completely eliminates health benefits within the next year or two, leaving employees entirely on their own to fend for themselves.