Anyone else wasting money on Group Benefits plan??
Has anyone ever taken time to add up the amount of money they are deducted per year for their work benefits plan and compared it with how much they are actually reimbursed??
I am asking my HR department to opt me out of our program because I'm paying about 2000 a year and only being reimbursed around 500 (give or take). I make use of the plan as much as I have need for (dental, vision, a couple prescription drugs), but I can't make myself sick just to break even. Im sure it will be more important if I have kids in the future, but it is pointless for now.
Is it customary for employers to deduct the benefits fee our of your pay, or do some companies cover the fees?
The funny thing is we were recently advised that the benefits company will be raising our rates if we don't start requesting generic drugs on our prescriptions... bunch of donkeys.
Edit- I didn't realize it worked this way (stupid me), but my coworker just told me we are paying high rates because of the few employees here that claim around upwards of 20,000 in expenses per year...
Last edited by Flabbibulin; 03-23-2011 at 04:16 PM.
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