Retiree healthcare vs open market ??

Discussion in 'UPS Retirement Topics' started by Vette51, Dec 30, 2019.

  1. Vette51

    Vette51 Member

    Curious what the consensus is on the two. Retiree healthcare is 400.00 a month for a couple for security basically, the healthcare doesnt seem to be very good or cover much. One of the best open market plan is about 475 a month as far as I can see and that covers 1 dependent. Has anyone researched or have an educated opinion ? Thinking of not waiting til I'm 55 and leaving at 54.
     
  2. oldngray

    oldngray nowhere special

    $475 on open market? I would have guessed at least twice that. Its a lot more expensive than Teamster plans.
     
  3. rod

    rod #1 on Upstates "list"

    I assume $400 don't include dental and vision? If it does its a bargain at that price. $400 for a couple just for health and prescriptions is still a good deal.
     
  4. oldngray

    oldngray nowhere special

    My retiree plan (not Teamcare) costs $150/month for just me and includes dental and vision.
     
  5. rod

    rod #1 on Upstates "list"

    I think they are talking full insurance--not just a supplement along with Medicare. ? I only pay $35 a month for my BLUE Cross supplement but that's because my prescriptions are through the VA. Thats good for 2 dental cleanings and checkups a year but no other dental work and no vision.
     
  6. rod

    rod #1 on Upstates "list"

    For 4 years after I lost my Teamster insurance until the wife got on Medicare we were paying $900 a month just for her.
     
  7. oldngray

    oldngray nowhere special

    I am talking full insurance. I get 2 cleanings a year 100% paid and its about 80% for the rest. Vision is covered too but not that good. I haven't been kicked off to Medicare yet. And if he is in his 50's he won't be on Medicare either.
     
  8. rod

    rod #1 on Upstates "list"

    I get where you are coming from now--I think. When I retired I paid 50 bucks a month (that included both of us). By the time I was 65 and got on Medicare the Teamster Ins. was up to $125 a month---still a bargain.
     
  9. Vette51

    Vette51 Member

    I used the affordable care act marketplace and If I remember correctly the bcbs gold plan was about 475 a month after the $1k federal subsidy. And it was based on a high 50k pension.
     
  10. DELACROIX

    DELACROIX In the Spirit of Honore' Daumier

    I presume that you lost your (Teamster Insurance) when you turned 65 after retiring. I am under the assumption that your wife would of been still covered under the your Teamster's retirement medical formula till she reaches medicare age. Was that 900 per month under your Teamster's retirement package or a private one?:nervoussmiley:
     
  11. rod

    rod #1 on Upstates "list"

    Nope- in Central States when you turn 65 you lose all coverage so anyone that was covered under your policy is canceled to
     
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  12. clean hairy

    clean hairy Well-Known Member

    Southern at this time, if you are 60 and your wife is 50, you lose teamster coverage at 65.
    Your wife can keep the teamster coverage until she reaches age 65.
    I could be mistaken but believe this to be correct.