But now, for the real fun for screwing workers. You can't withdraw the money in the HSA before you turn age 65, except for medical costs with a high deductible plan. If you retire before age 65 and want to cover the cost of insurance premiums - forget it! If you retire before age 65 and withdraw money even for medical expenses, you will have to pay a 10% penalty! Guess what this proposal is? It is a back door way to increase the retirement from 60 to 65. Now that's a screwing - you don't even see it coming until it is too late.
LTD will withhold their wage proposal. Thank goodness they are withholding it, because after seeing the HSA proposal, most of the LTD employees will fall over with heart attacks and bankrupt the HSA plan. So Scotty Screwya says to ya'll - duck and cover folks.For more information frequently asked questions click below
http://www.treas.gov/offices/public-affairs/hsa/faq2.shtml#hsa1
1 comment:
I urge my union Brothers and Sisters to boycott the meetings LTD is setting up to "explain" their health care proposal.
We have a negotiating committee.
If LTD wants to explain the plan, explain it to our committee. The committee can evaluate that plan in the context of the negotiations and will let us know if it is acceptable or not.
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