Posts Tagged - ‘rick stephens’

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Boeing’s Health Insurance Plans Becoming Less Attractive To Employees

Wednesday, October 20th, 2010

Image: X-Ray Delta One under CC 3.0

In order to combat continually rising health care costs, many companies are changing their benefits packages to transfer more of the expense onto employees. Boeing is no different.

According to human resources senior VP Rick Stephens, co-payments, co-insurance percentages, and deductibles will go up next year. One of their health insurance plans will have its co-insurance percentages soar to 20% from 10% in 2012. About 90,000 employees will be affected.

Union employees are exempt, because they have their own negotiated contract. Many are speculating that the healthcare reform law has something to do with it, which the aircraft manufacturer denies.

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