Rising Cost of Health Benefits
How much is too much?
Professional aerospace employees in SoCal will pay up to $5,163 more in 2019 for medical and dental coverage than in 2016, an increase of 298%.
Since Boeing is self-insured, that money, along with premiums from all non-union employees, stayed in the company’s bank account.
Boeing’s 100,000 non-union employees will pay an estimated $415 million in medical premiums to Boeing in 2019.
Without a union, how do we keep from paying even more in 2020...2021...2022...?
Information from Boeing investor relations website and the 2019 Boeing Health and Insurance “paycheck contribution calculator” website.
With a union we will have a united voice working to keep our costs down!
You can view a pdf version of this post here.
If you are an aerospace employee at Boeing in SoCal and haven’t yet made you voice heard by taking CREATE’s survey, you can do it here.