UPS Management Retirement-Health Plan Coverage

[Hoaxster]

Looking for feedback from UPS Retired Management on the coverage the UPS Retire Health Plan provides.

Does the UPS Retiree Health Plan provide dental coverage?

Does the UPS Retiree Health Plan provide eye care coverage? If so, is VSP the main provider?

Can you use your DBB credits leftover to pay for co-pays?

Can you use the DBB leftover amount for anything?

Any surprises you learned about once you retired?

[Happybrown]

Yes, prior to age 65, dental insurance is available (limited to $1000 annual maximum). Vision - yes, prior to age 65, through VSP, every 24 months, not annually. DDB credit- prior to age 65, no, you cannot use excess DDBs for anything. After 65, it is possible, in the unlikely event that you have excess DDB, you can use the credit for copays or other medical expenses. Surprises...not yet.

[Hoaxster]

Yes, prior to age 65, dental insurance is available (limited to $1000 annual maximum). Vision - yes, prior to age 65, through VSP, every 24 months, not annually. DDB credit- prior to age 65, no, you cannot use excess DDBs for anything. After 65, it is possible, in the unlikely event that you have excess DDB, you can use the credit for copays or other medical expenses. Surprises...not yet.

Thanks Happybrown and welcome to Brown Cafe.

We welcome your input but really welcome input on Retirement threads.

Look forward to your future posts now that you have broken the ice.

[Hoaxster]

UPS Provided information
As for UPS provided information, UPS does provide Retiree Health Care plan information although I could not find any links or mentioned anywhere on UPSers.com.
It is provided via UPSers.com under the "My Life and Career" tab and then link out to the UPS Retirement Calculator portal and you will see a link under the “Forms” or “Learn More” tabs (don’t ask me!) using the left nav.

[moreluck]

UPS Provided information
As for UPS provided information, UPS does provide Retiree Health Care plan information although I could not find any links or mentioned anywhere on UPSers.com.
It is provided via UPSers.com under the "My Life and Career" tab and then link out to the UPS Retirement Calculator portal and you will see a link under the “Forms” or “Learn More” tabs (don’t ask me!) using the left nav.

Back around 2000, they used to hold a couple day seminar(getaway) for all mgmt retirees and spouses to get all info on their upcoming retirement.
Questions would be answered there.

[mg5]

Have not done that for several years. You are really on your own now when the time comes. There is no one to sit down and discuss it like previously. We had one person in our Dist. HR that would not give directions, specifics or say anything that he could be held to. HR just gives you an email form to fill out and it is sent to corporate retirement group. It really is disappointing like everything else we are going through.........Not the same company at all and just shows the top level really does not care.
Oh and by the way we deal with a specialist level employee and asking about your future with someone who is even less unsure of what we need to know and care about.
one last comment for Hoax, you deal with UPS corp retirement group for pension and the benefits are with another outside concern and there is something your paperwork triggers for them to get p/w out to you which is SNAIL PACE SLOW.....But your company credit card is cancelled days after first retirement date.

[littleboybrown]

Back around 2000, they used to hold a couple day seminar(getaway) for all mgmt retirees and spouses to get all info on their upcoming retirement.
Questions would be answered there.

I think that was the same year we lost our turkeys, lol

[Hoaxster]

Have not done that for several years. You are really on your own now when the time comes. There is no one to sit down and discuss it like previously. We had one person in our Dist. HR that would not give directions, specifics or say anything that he could be held to. HR just gives you an email form to fill out and it is sent to corporate retirement group. It really is disappointing like everything else we are going through.........Not the same company at all and just shows the top level really does not care.
Oh and by the way we deal with a specialist level employee and asking about your future with someone who is even less unsure of what we need to know and care about.
one last comment for Hoax, you deal with UPS corp retirement group for pension and the benefits are with another outside concern and there is something your paperwork triggers for them to get p/w out to you which is SNAIL PACE SLOW.....But your company credit card is cancelled days after first retirement date.

I'm 10 months out and already working on it.
I already got the birth certificates, marriage certificate, the Teamsters saying they ain't paying me squat (4 years in the Teamsters = 0).
They can screw around if they like and I'll stay to the beginning of the next year.
That's what one guy in our group did.
I think he got another 250 or so a month on his pension check but he did have to stick around.
He bought a pull behind trailer and was gone the next morning.

[Six Sides]

Hello Hoax,
The best part about retirement health care benefits is the zero cost if you have enough DBB credits. You will still be covered under VSP for a yearly exam. The only difference is the credit for glasses and frames is every 24 months. I am covered under United Health Care for major medical, no changes that I’ve seen except for your children. If you have children they will only be covered if in school or college to 26 years ofage. The new government changes to health care are exempt for retirement plans that cover all children to 26 years of age. My dental max also dropped to $1000. Hope this info helps and good luck in your retirement when it comes.

[mg5]

I left this spring with 34 years in, nine f/t driving and the rest management in various positions, departments and assignments like the rest of us have in our careers. Went in the spring so I could enjoy spring and summer with my wife and the family. Leaving in fall and winter might be tougher.
With the new pay bands, stock (mip ) issues like now in March not November, the mip amount so low (read - fixed planned number ) we can no longer really make more this year or next year and so on. You really need to think about what effects your yearly income and where your best 5 consecutive in 10 years falls. You and I did make less last year and would have made even less in 2012. Which really is crazy.
If you do the retirement estimates it always assumes and asks what your yearly increase percent will be to give you a number, but if your one of the many who will not get a raise this year or next you will not make more in retirement by waiting.

LEAVE WHEN YOU CAN and enjoy your new life away from the grind of UPS. You will not believe the difference.
I have read the same thing Six Sides has said but as I said before they are very slow with info coming in. It is a shame but the union was more on the ball......

Trust me when I say this..........I DO NOT MISS IT ONE BIT. You will miss some people and even business contacts, but that is why we have phones.

Hoax good luck with your planning going forward.