Yes. Retirees are offered healthcare through their union local. That plan would more than likely have a lifetime cap. Most if not all of those plans kick you off when you turn 65.
My Health package is thru UPS not the union. It depends on the contract and region you are in how retirement health care is handled. I retired under the WCT pension program. Southern California district. Not all WCT pensions plans use the same healthcare plans and costs for each plan. Nor Cal. is different than So Cal for instance. But we all get our pensions thru the WCT Pension Plan.
I am just signing up for medicare. UPS has already notified me that they will be in second position. They only pay what part "A&B" doesn't pay. If I were to choose not to take part "B" (A is mandatory) UPS would only pay the remainder of what costs that part "B" would have paid and I would would be responsible for the cost of the part "B" schedule under my healthcare retirement plan.
It's lifetime. No Cap.
I suggest anyone reading this thread do their research in their area's Contract agreement. It's not rocket science but don't be relying on word of mouth at the center or at your local or even this site as it may not directly apply to you. Do your research, contact the entity who handles your pension directly and those who administer your health care at retirement and cross your tee's and dot your eye's!
Just a note: If you are at the age of 65? You have 3 months before, the month of and three months after your birthday to sign up for medicare! If you don't they fine you! But here is the rub! In my case, in the event I haven't signed up by the birthday month I was told I will be liable for those costs incurred and UPS insurance would pay only their portion if not already signed up. SO sign up well in advance to avoid that!
Gotta Love Choices!
