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Got my benefits offer..

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  • Got my benefits offer..

    And man, I laughed really hard.

    $25/week for medical insurance that has a yearly limit of $1,000.

    $10/week for dental that has a yearly limit of $500.

    The short term disability only covers your "lowest hourly wage" - which would be my tipped wage ($4.25/hr while on delivery). Even if it did cover what I really make, nobody I know in the service industry reports every penny they make.

    The vision insurance is $2/week and covers up to $100 for glasses/exam (combined).

    So let me get this straight. I pay them roughly 120% of what the maximum yearly payout would be. And I don't get anything back if I don't have any claims.

    I think I'll take my chances putting $30/week into savings - at least I keep whatever I don't spend.

  • #2
    That does sound like a better idea.

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    • #3
      Would you be better going independent?

      Rapscallion

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      • #4
        $25/week for $1000 limit?
        Let's see here.. 25 dollars times 52 weeks equals 1300 dollars...

        $10/week for a $500 limit?
        Let's see here.. 10 dollars times 52 weeks equals 520 dollars...

        $2/week for a $100 limit?
        Let's see here.. 2 dollars times 52 weeks equals 104 dollars...

        Yep. That's a ripoff. Does the company have a Flex Spending Account? Put $37/week in there pre-tax and use it to cover your medical/vision/dental needs.

        Tell your employer's HR department to lay off the crack pipe while you're at it.
        Fixing problems... one broken customer at a time.

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        • #5
          Only thing I have any experience with is the glasses and exam: When I went to get my exam, a new pair of glasses (frame and lenses, cause I broke my old frames), and contacts I spent over $400. (granted that was without insurance but still)
          Yeah that completely ridiculous.
          Driver Picks the Music, Shotgun Shuts His Cakehole.
          Supernatural 9-13-05 to forever

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          • #6
            Quoth bean View Post
            Got my benefits offer...
            Sure that wasn't a boner-fits offer?
            I am not an a**hole. I am a hemorrhoid. I irritate a**holes!
            Procrastination: Forward planning to insure there is something to do tomorrow.
            Derails threads faster than a pocket nuke.

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            • #7
              Is the health insurance issued by a "name brand" insurer?

              If so one benefit you may not be aware of is that you get the insurers negotiated rates on things. I just had $400 worth of blood work done and the insurance didn't pay a penny but their negotiated rate was $47.

              I can't afford normal health insurance so I got a policy from Humana with a 5K deductible for $125 a month. I've recently been diagnosed with a few ailments that are going to mean regular doctors visits and blood work for the foreseeable future so the policy will more than pay for itself just in the negotiated rate savings. It's worth considering having something like this as a lot of doctors wont even see you if you don't have insurance (at least here in sunny FL)

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              • #8
                My old job had this joke of a insurance company, Vista (now Coventry Health) and the amount you paid versus the amount they covered for you was ludicrous. I didn't even bother taking it at all the entire time I was working at my old job. Health benefits like that just aren't worth taking at all.
                I don't get paid enough to kiss your a**! -Groezig 5/31/08
                Another day...another million braincells lost...-Sarlon 6/16/08
                Chivalry is not dead. It's just direly underappreciated. -Samaliel 9/15/09

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                • #9
                  Quoth tropicsgoddess View Post
                  My old job had this joke of a insurance company, Vista (now Coventry Health) and the amount you paid versus the amount they covered for you was ludicrous. I didn't even bother taking it at all the entire time I was working at my old job. Health benefits like that just aren't worth taking at all.
                  That sounds like the coverage part-timers had at Macy's....the amount they covered for prescriptions wasn't practical considering the cost of my asthma meds. (would have reached my limit for the year with two month's worth of meds)

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