Those people in the other countries also deserve to earn a living just as much as Americans do. There are just not enough jobs for our world population. Unless we go back to non-automation with brain numbing jobs I don't think we will ever have enough jobs. If the population were less there were be less customers thus less products and workers needed.
A few year back I saw an article that stated if you took all of the income of all workers and divided it by all the families in the world the result would be 100% poverty.
As a result I am so thankful to have been born an American, even to a teen mom without a high school education than other parts of the world.
Verizon sees the union as greedy and the union sees Verizon as greedy. This is why there is compromise.
If is was really a horrible company then why are they fighting so hard to stay?
When the employer holds more power wages go down. When there are more openings than qualified applicants then the wages go up. Simple economics.
We have DirecTV. The installer was very nice and it was horrible weather the day he did the install. I could have done the job if I had the "tools" to aim the dish. I can and have wired home for electrical and cable. This was no harder or no different.
This is not inferior insurance but one that may cost you more OOP. Inferior would be not covering what you were already being treated for. High deductible plans are becoming the norm. With them you can also have an HSA and save tax free money that you can use this year to pay your high deductible or save for the future and use it to pay your healthcare premiiums when you are retired. It is another tax savings vehicle.
It appears that you could have a company qualified HSA account. Some companies even make a contribution to that plan. Is the union looking at this angle or is Verizon offering this?
http://www.hsahealthplans.com/infopages/hsa-guidelines.html
(lousy formatting)
Info LinksHow an HSA works
Current HSA guidelines
HSA administrators
White paper reports
individual & family
health plan quotes
fast, free, and easy.
Other Ins. Plans We QuoteShort term health plans
Life insurance (all forms)
Disability income
Supplemental (accident, etc.)
Medicare plans
Current HSA Guidelines - 2011
Each year, the IRS establishes current guidelines for HSA-qualified policies. These numbers are subject to change from year to year due to inflationary factors. The guidelines listed below are for the current tax year. The IRS has indicated that the 2010 guidelines will remin in tact for 2011 (due to lack of inflation).
Permissible deductible sizes for HSA-qualified insurance policy:
Minimums and Maximums 2011
Single Plan Family Plan
Minimum Deductible 1,200 2,400
Maximum Out-of-Pocket 5,950 11,900
CAUTION: Not every policy with a high deductible is HSA-qualified--even if it appears to fall within the ranges outlined above. Most people who currently have a high deductible policy will need to apply for a new, properly-qualifed high deductible policy in order to be eligible to participate in an HSA plan. Typically, a high deductible policy underwritten by major insurers will clearly be labeled as HSA-qualified if it is properly qualified.
Because this is such a common question with our prospective clients, we have developed a special info page to help you determine whether your current "high deductible" policy is, in fact, HSA-qualified. Please click here to review that page (new browser will open). If you have any questions, please do not hesitate to contact our offices.
Maximum HSA Account Contribution Levels for 2011:
For 2011 you can contribute up to
Single Plan 3,050
Family Plan 6,150
Other info regarding contributions:
Maximum contributions can be reached regardless of deductible size (anything within acceptable ranges)
You are eligible for the maximum contribution in your first year, so long as your policy is effective by Dec. 1
You can make a one-time contribution from an IRA, HRA, or FSA account
Catch-up contributions: Individuals age 55+ are entitled to make additional "catch-up" contributions up to $1,000 per year
An employer may contribute to an employee's HSA account (pre-tax basis to employee, tax-deductible to employer)
Tax Treatment of Withdrawals--Overview:
Withdrawals are tax-free and penalty free if used to pay for:
Qualified medical expenses (click link on right hand side to see complete list)
COBRA premiums
MEDICARE premiums (an excellent way to "disburse" your tax-free earnings)
Health insurance premiums while receiving unemployment compensation
Premiums for qualified long term care insurance
Withdrawals are subject to ordinary income tax and a 20% premature withdrawal penalty if:
Made before age 65, AND
Used to pay non-qualifying medical expenses
Withdrawals are not subject to a premature withdrawal penalty if made:
After turning 65, or
Due to death or disability (any age)