I have to give everyone a heads up on the deplorable UPS health insurance for part-timer retirees. I have finally given up on the UPS retiree heath plan, which has vastly inferior benefits to the plan I had while employed by UPS, and switched to a private plan through the Assurant company. According to UPS, the retiree plan is exempt from the heath insurance reform laws because these laws only affect plans that have two or more employees. According to UPS, because everyone in this plan is retired, there are no employees in the plan (just a whole heck of a lot of former employees). This matters because the health reform laws do not allow a insurance plan with two or more employees to have an annual maximum limit on benefit coverage. Unlike the plan for current employees, the UPS retiree health plan caps at $150,000 annual benefit (in spite of the fact that the Aetna benefit center that administers the plan assured me that there was no annual cap). If you are in a serious accident, you could max out on the $150,000 annual limit on health coverage real fast and it could wipe out all of your savings. The UPS retiree plan does not even pay for routine annual physicals, and I was told that the premiums would be raised to $400/month in July for this pitiful plan. (Can you imagine paying $4,800/year for fire insurance to insure a $150,000 house?) The long and the short of it is that, if you are like me, a part-time employee who counted on the UPS insurance benefit in retirement, you are going to be seriously disappointed! BEWARE and read the fine print of your UPS retiree health plan policy!!