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UPS Retirement Topics
retiree medical coverage going up
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<blockquote data-quote="rocking chair guy" data-source="post: 251798"><p>Homer , I retired Oct of 2002 , premiums were $50 a month for wife and I , or that is what I was told it was going to be ...when it came time to make first payment it had jumped to $150 a month and each year since it has jumped $100 a month to the present $550 for both of us ...no dental or vision were available with retiree plan . I am told that it can keep going up long as the trustees of Central States deems necessary and UPS will follow suit . Back in 70's or early 80's ( I forget now ) our district had the choice of staying under Central States for our medical coverage or going with UPS's coverage , it was a one time thing , cant remember why this happened to be honest , maybe someone else will come along who does , anyway we voted to go with the UPS coverage as it was better in most aspects from Central States . As a retiree I am covered under the UPS medical insurance plan and they have raised their monthly premiums under the guise of having to follow what Central States does with its monthly premium rates for its medical coverage of its retirees , that is what the letter states from UPS I get each time the cost of my insurance goes up ....it is ironic in a way as my understanding of the language that was in place when we voted to go with the UPS insurance was that it would be equal or better than that offered by Central States so they would not be bound to raise their premiums to its retirees just because Central States does . Central States had just raised their insurance rates to their retirees to $150 a month right before I retired so before I actually put in my retirement date I asked guys I knew at the union hall ( I was a steward for 27 years so knew them well ) and a couple of management guys who I had drove with for years and knew for 25 -30 years if they had heard if UPS was going to increase their insurance premiums for its retirees as I wanted to take that into consideration with retirement and both sides supposedly checked with higher ups and both came back with the same answer that no one had heard anything about UPS raising their premiums ....and I have told you what has happened with my premiums ....like I said in earlier post , not happy about it but crap happens in life and out of my control ....finding out as a retiree that you are pretty far down on the food chain ! LOL</p></blockquote><p></p>
[QUOTE="rocking chair guy, post: 251798"] Homer , I retired Oct of 2002 , premiums were $50 a month for wife and I , or that is what I was told it was going to be ...when it came time to make first payment it had jumped to $150 a month and each year since it has jumped $100 a month to the present $550 for both of us ...no dental or vision were available with retiree plan . I am told that it can keep going up long as the trustees of Central States deems necessary and UPS will follow suit . Back in 70's or early 80's ( I forget now ) our district had the choice of staying under Central States for our medical coverage or going with UPS's coverage , it was a one time thing , cant remember why this happened to be honest , maybe someone else will come along who does , anyway we voted to go with the UPS coverage as it was better in most aspects from Central States . As a retiree I am covered under the UPS medical insurance plan and they have raised their monthly premiums under the guise of having to follow what Central States does with its monthly premium rates for its medical coverage of its retirees , that is what the letter states from UPS I get each time the cost of my insurance goes up ....it is ironic in a way as my understanding of the language that was in place when we voted to go with the UPS insurance was that it would be equal or better than that offered by Central States so they would not be bound to raise their premiums to its retirees just because Central States does . Central States had just raised their insurance rates to their retirees to $150 a month right before I retired so before I actually put in my retirement date I asked guys I knew at the union hall ( I was a steward for 27 years so knew them well ) and a couple of management guys who I had drove with for years and knew for 25 -30 years if they had heard if UPS was going to increase their insurance premiums for its retirees as I wanted to take that into consideration with retirement and both sides supposedly checked with higher ups and both came back with the same answer that no one had heard anything about UPS raising their premiums ....and I have told you what has happened with my premiums ....like I said in earlier post , not happy about it but crap happens in life and out of my control ....finding out as a retiree that you are pretty far down on the food chain ! LOL [/QUOTE]
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