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UPS Partners
2022 HUGE health benefits increase
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<blockquote data-quote="beentheredonethat" data-source="post: 5052221" data-attributes="member: 4886"><p>Every management retiree gets a set dollar amount for health care, based on how many years with UPS, and also how many were before 1992 (approximately) While I'm not retired yet and don't know exact numbers, I'll use some general numbers to show how costs are changing vs how they impact you. </p><p></p><p>UPS allowance to you = $10,000 per year.</p><p>1st year you retired healthcare cost $10,500</p><p>Your net cost year 1 after UPS allowance = $500</p><p>Year 2 same UPS allowance of $10,000</p><p>Year 2 healthcare cost = $11,000 </p><p>Your net cost after UPS allowance = $1000</p><p>Now you look at the cost and say the cost doubled, which your cost did double from $500 to $1000. However, overall health care cost increased $500 from $10,500 to $11,000 a 4.77% increase.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 5052221, member: 4886"] Every management retiree gets a set dollar amount for health care, based on how many years with UPS, and also how many were before 1992 (approximately) While I'm not retired yet and don't know exact numbers, I'll use some general numbers to show how costs are changing vs how they impact you. UPS allowance to you = $10,000 per year. 1st year you retired healthcare cost $10,500 Your net cost year 1 after UPS allowance = $500 Year 2 same UPS allowance of $10,000 Year 2 healthcare cost = $11,000 Your net cost after UPS allowance = $1000 Now you look at the cost and say the cost doubled, which your cost did double from $500 to $1000. However, overall health care cost increased $500 from $10,500 to $11,000 a 4.77% increase. [/QUOTE]
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