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  • Verizon Wage & Health Care Update
    Posted On: Jun 14, 2017

    Wage Increase

    The Wage Increase of 2.50% will be effective June 18, 2017.  

    The increase will be reflected in the June 30th, 2017 paychecks.  

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    Health Care Spending Account Increase:

    You may recall that effective January 1, 2013, under the Affordable Care Act employees were limited to contribute $2,500 per year for the Health Care Spending Account.  As you may be aware, the amount is indexed for inflation by the IRS.

    The company plans to iraise the limit to $2.600 per year effective January 1, 2018, and will begin steps to make programming updates for the 2018 Annual Enrollment around July 1, 2017. 

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    Express Scripts Update;

    Effective July 1, 2017, the following drugs will become excluded under the NPF: ???

    • Butrans

    • Sumavel

    Members who may be impacted by this change should have received a letter 30 days prior to the effective date informing them of the covered alternative to these drugs.

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    As the company makes more changes, we will bring them to you!


  • Communications Workers of America ~ Local 1118

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