Health Insurance

Lockheed Martin has transitioned to a one-provider plan. This has led to increased employee contributions towards their health coverage. However, LM still offers very competitive health insurance.

They are trying to move everyone over to the Lockheed Health plan and get rid of all others.

The old Aetna HMO plan was great....The newer LM Healthworks has high deductibles.

The deductibles are very high and with reduced FSA limits due to the Affordable Health Care Act, it's a burden.

raising health care cost eating away take home pay

The deductible is high, $1000. then it is 80/20. They pay 80% you pay 20%. But you can get money in your health fund by doing certain things like getting points using the pedometer, filling your health assessment, health coaching. You can use the money in the health fund to meet your deductible.

It is expensive, but what insurance isn't these days. I suspect, LM will eliminate the benefit in favor of mandated government coverage because that is what the "industry standard" is.

Put a lot on burden on the employee to plan his health needs and this may change in time, a lot of responsibility.

you can go to any doctor you want, the company provides a medical savings account so the first $2500 of medical expenses are tax free