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<blockquote data-quote="BaSEless" data-source="post: 4755104" data-attributes="member: 83412"><p>This is a bit tricky and I don't remember the details but retirement health care benefits vary depending on when you started and how long you've been with the company. Something was changed about how you accrue health care "credits" sometime around 1992. It was at that time "enhanced" in a less than favorable way to the potential retiree.</p><p></p><p>When I retired in 2015 my annual health care cost went to zero vs. the significant monthly deduct from my paycheck when I was working, even though I stayed with Aetna using essentially the highest cost health care option available. Every year at enrollment time, just as when I was working, I go through the choices and select the coverages I want and at the end my retirement "credits" have zeroed out all costs. I'm not sure it will stay that way until I switch to Medicare in three more years but so far so good. My understanding is that at 65 Medicare becomes the primary insurer but that there are additional supplements you can purchase to improve the overall coverage. My understanding also is that UPS reimburses you for some or all of those supplements - again likely depending on what sort of retirement health care credits you have.</p><p></p><p>Sorry to be a bit vague (and wordy) about the details but it is <em><strong>very </strong></em>dependent on your specific situation. Hopefully, your out of pocket costs will go down when you retire. For me it was a big offset in the actual difference between take home pay - pay check vs. pension check. I know that in general as UPS continued to "enhance" the benefits to the management team over the years things like pensions and health care benefits became less of an incentive to go into mgmt or stay in.</p></blockquote><p></p>
[QUOTE="BaSEless, post: 4755104, member: 83412"] This is a bit tricky and I don't remember the details but retirement health care benefits vary depending on when you started and how long you've been with the company. Something was changed about how you accrue health care "credits" sometime around 1992. It was at that time "enhanced" in a less than favorable way to the potential retiree. When I retired in 2015 my annual health care cost went to zero vs. the significant monthly deduct from my paycheck when I was working, even though I stayed with Aetna using essentially the highest cost health care option available. Every year at enrollment time, just as when I was working, I go through the choices and select the coverages I want and at the end my retirement "credits" have zeroed out all costs. I'm not sure it will stay that way until I switch to Medicare in three more years but so far so good. My understanding is that at 65 Medicare becomes the primary insurer but that there are additional supplements you can purchase to improve the overall coverage. My understanding also is that UPS reimburses you for some or all of those supplements - again likely depending on what sort of retirement health care credits you have. Sorry to be a bit vague (and wordy) about the details but it is [I][B]very [/B][/I]dependent on your specific situation. Hopefully, your out of pocket costs will go down when you retire. For me it was a big offset in the actual difference between take home pay - pay check vs. pension check. I know that in general as UPS continued to "enhance" the benefits to the management team over the years things like pensions and health care benefits became less of an incentive to go into mgmt or stay in. [/QUOTE]
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