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Brown Cafe UPS Forum
UPS Retirement Topics
No payout for unused sick pay or vacation upon retirement
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<blockquote data-quote="tardus" data-source="post: 1040582" data-attributes="member: 18896"><p>OldUPSMAN: I am just encouraging everyone to read the fine print if they have UPS retirement health insurance. Your UPS retiree insurance plan may be entirely different from mine, since there are many for variations per region and whether you were in management, and it may be entirely different from the coverage you had as an employee. I was not in management, and I discovered that my UPS retiree health insurance plan had a $150K limit, which wouldn't go very far in the event of a serious accident, or a serious illness. That is the primary reason that I really need health insurance, in case something serious happened. Having a $150K/annual limit is greatly inferior to what I had in the UPS employee plan that had NO annual limit. You could blow through $150K in a week's time in an intensive care unit, and then what? (If someone asked me to pay $4000 annually to insure a $150K house, I would definitely think that was a shabby deal.) Also the UPS retiree plan eliminated coverage for many expensive treatments, like transplants, etc. that were covered under my UPS employee plan.</p></blockquote><p></p>
[QUOTE="tardus, post: 1040582, member: 18896"] OldUPSMAN: I am just encouraging everyone to read the fine print if they have UPS retirement health insurance. Your UPS retiree insurance plan may be entirely different from mine, since there are many for variations per region and whether you were in management, and it may be entirely different from the coverage you had as an employee. I was not in management, and I discovered that my UPS retiree health insurance plan had a $150K limit, which wouldn't go very far in the event of a serious accident, or a serious illness. That is the primary reason that I really need health insurance, in case something serious happened. Having a $150K/annual limit is greatly inferior to what I had in the UPS employee plan that had NO annual limit. You could blow through $150K in a week's time in an intensive care unit, and then what? (If someone asked me to pay $4000 annually to insure a $150K house, I would definitely think that was a shabby deal.) Also the UPS retiree plan eliminated coverage for many expensive treatments, like transplants, etc. that were covered under my UPS employee plan. [/QUOTE]
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No payout for unused sick pay or vacation upon retirement
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