Amazon, Berkshire, JPMC employees are about to get a lesson in socialized medicine the hard way.
I think this is great. And most likely they are taking advantage of Trump’s new regulations and laws.
It will probably be optional, but offer a lower cost.
The current JPM health plan has a $2750 deductible, and costs about $400 a month for a family. JPM gives about $1000 in a free spending account to help meet the deductible. After the deductible is met, it’s 80/20 until the out-of-pocket max is reached.
So you could potentially be spending $4-5K of you own money on health care costs every year.
Now suppose they say OK, the new plan is the same price, but there are no deductibles. We’ve got great doctors and hospitals signed up, they’ll provide everything you need. Some people will try it.