Clarification on medical...
FraxJockey said:
Medical costs come out of the well care benefit of the health insurance and I believe are covered.Frax
I think he was asking about the cost of insurance, not the class 1 medical, but just to clarify:
If you choose, the cost of your class 1 medical can come out of a $500 well care benefit as defined by the plan. This well care benefit is also supposed to cover any preventative "maintenence" like cholesterol, prostate, colonoscopy etc. I know a pilot who was hit with a $2000 bill for a routine colonoscopy because the LIMIT last year on well care was $250. Anything over that limit is out of your pocket unless there was a medical requirement for the test. His sibling had just been diagnosed with cancer and he was encouraged to get one and ended up with far more up his rear than he first bargained for...
Last I heard, even after review by Great West, he was still responsible...
This still holds true this year if you are on the POS plan. On the HSA, if well care goes beyond $500 it does NOT toward the deductible, but the deductible is so high ($4k) it wouldn't much matter if that was your only big ticket medical that year. Point being though, you must be very careful about choosing for our health plan to reimburse for your medical, especially after 40 where you probrably want a physical that tests for things the FAA doesn't... Either way, you are paying out of pocket eventually...
On the health plan you have you choice between POS or HSA and they are both expensive and both SUCK. The POS is your typical co-pay deal ($40 I think), but your portion of the premiums alone will set you back over $3K -- maybe more -- before you pay a single co-pay.
The cheapest HSA plan has you knocking out $1500 for premiums, but then you are $4K out of pocket in deductibles before insurance kicks in a dime and prescriptions do NOT count toward deductible. Since the HSA is far cheaper for Bombardier, they kicked in $1k toward your HSA plan this year as an incentive to go that way.
Either way, whichever you choose POS or HSA, if you are having a major life event -- like surgery, baby, colonoscopy, accident -- you will bet set back close to $6500 in copays and deductibles!!! On last years plan it would have been more like $2500. On the plan we had the first year I was here, more like $1500. IT SUCKS!!!!
On a positive note, our well care limit has doubled this year to $500 per family member, so if you have kids and a healthy wife, they can get their school physicals and woman stuff taken care of without having to spend a dime.
Oh and by the way, we were hit with this news of what essentially amounts to a PAY CUT out of the blue only 2 months before the required switch.
I don't mean to sound bitter, but the insurance situation is what turned me around on the union issue. Before that I could not have cared less about it.