What they aren't telling you about McDonald's "Health Insurance"

[CreekDog]

[Love Bug]

1. It looks like they've shifted almost the entire cost of this onto the employee

[CreekDog]

2. I wonder if they're self insured and end up making more than 15-20% profit on the plans

because spending 80-85% of the premiums on health care would only matter if they weren't.

and if they are self-insured, perhaps they've actually found a way to make money off low paid employees by giving them stingy health insurance premiums that prop up McDonald's bottom line --which the health care law will no longer allow (in excess of 15-20%)

could it be?

[dixiegrrrrl]

3. Not only that, but the coverage sucks.

[EC]

4. Look at the maximum yearly amounts..

since most procedures are done as an outpatient service now days - they've really rigged this with the limits for outpatient caps...especially at the high coverage block...they pay$1679.60 a year - plus co-pay of $20.00, then they only pay up to $2,000 outpatient costs...they may as well as save their money...

[CreekDog]

5. outpatient coverage is $263 in benefits/year for mid level plan (that costs $1263)

and $321 in benefits/year for high level plan (that costs $1679)

what a ripoff.

[prolesunited]

6. No wonder they are balking at the caps on profit

Looks like they were making quite a bit screwing their employees. I don't think people yet realize how important the requirement to spend money on actual health care really is.

[Better Today]

7. Wasn't one of the new "rules" that there can be no annual limits?

Is that why McDonalds is so cranky because now they have to provide real health insurance?

[Recursion]

9. IIRC self-insuring businesses are grandfathered in

Though I don't think McD's is one of those, and that model is going the way of the dinosaurs anyways.

[Schema Thing]

8. Looks like payday lending has branched out.

[stray cat]

10. So it is better if they do like other companies and offer nothing?

[stray cat]

11. Get real - healthy people pay 500 or more per month for a plan that only covers catastrophic

A 5000 or more deductible and only covering self and no one else. This only if you are healthy and in your twenties

[TexasObserver]

12. recommend