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Saturday, July 5, 2008

Spherion Takes, but does not give

In 2001, Thomas Amschwand died. He had done everything he could think of to protect his family. He had been paying to his company for insurance and then he got cancer. I had not heard of this, but by federal law, the company (Spherion Corp) did not have to pay his wife the insurance. They reimbursed her his payments! The lawyers cannot do anything and the Supreme Court refuses to do anything. It is a little law called the Federal Employee Retirement Income Security Act. Sounds like it is there to protect the employees and maybe that was the original idea, but it works completely different than expected.
Here is the link to the widows' story. http://news.yahoo.com/s/ap/20080705/ap_on_go_su_co/benefit_battles

So, if you work for the Spherion Corp., or have any insurance through them, you better look close while you can. It is a legal rip-off of consumers and employees.
I have not done any research yet, but since this is a federal law, it affects all of us. I am looking over my insurance policies and everyone should. Look at the print, do not believe what a salesman or representative may tell you.

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