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UPS Health Benefits Shock for Retired Union Employees
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<blockquote data-quote="TechGrrl" data-source="post: 1075392" data-attributes="member: 4932"><p>The rising cost of health care is an issue for everyone, union, non-union, management, everyone. In 2012, according to an annual survey by the Kaiser Family Foundation, premiums for employer-sponsored health insurance averaged $5,615 a year for single coverage and $15,745 for family coverage. The employee’s share of the premium averaged $951 for individual coverage and more than four times as much, $4,316, for family coverage.</p><p></p><p>The main reason this is an issue for Teamsters is because the contract is up in 2013. UPS will have a pot of money they are willing to bargain with. That money will be split between wages, pensions, and health care. The Teamsters need to figure out how they want that money split between those three categories. And how they will protect their retirees.</p><p></p><p>Me, I'm subject to the whims of the beancounters until I can sign up for Medicare.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 1075392, member: 4932"] The rising cost of health care is an issue for everyone, union, non-union, management, everyone. In 2012, according to an annual survey by the Kaiser Family Foundation, premiums for employer-sponsored health insurance averaged $5,615 a year for single coverage and $15,745 for family coverage. The employee’s share of the premium averaged $951 for individual coverage and more than four times as much, $4,316, for family coverage. The main reason this is an issue for Teamsters is because the contract is up in 2013. UPS will have a pot of money they are willing to bargain with. That money will be split between wages, pensions, and health care. The Teamsters need to figure out how they want that money split between those three categories. And how they will protect their retirees. Me, I'm subject to the whims of the beancounters until I can sign up for Medicare. [/QUOTE]
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