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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement medical insurance
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<blockquote data-quote="ski or die" data-source="post: 4605830" data-attributes="member: 52818"><p>Every Local has a different policy. You will need to get with your Local BEFORE retiring to confirm what coverages you have. Our Local, when I turned 65, my insurance for myself ceased and I had to purchase Medicare Part B, part A is free. I also purchased a good supplement so I would not have any enormous hospital and doctor bills that I would be responsible for. My spouse has coverage that continues until she turns 65. The premium for her is not taking out of my pension, I send a check each month to UPS. I tried to set up where UPS would automatically withdraw it from my checking each month, but UPS uses a third party to administer the plan and they were taking out double each month. Finally had to contact U.S. Dept of Labor to get my money back because the third party was impossible to deal with, just kept giving me a lot of BS. I was not in management even though insurance is not Teamcare. Like I said, most Locals supplements are different. So contact your Local to verify exactly what you will have and who is covered and for how long.</p></blockquote><p></p>
[QUOTE="ski or die, post: 4605830, member: 52818"] Every Local has a different policy. You will need to get with your Local BEFORE retiring to confirm what coverages you have. Our Local, when I turned 65, my insurance for myself ceased and I had to purchase Medicare Part B, part A is free. I also purchased a good supplement so I would not have any enormous hospital and doctor bills that I would be responsible for. My spouse has coverage that continues until she turns 65. The premium for her is not taking out of my pension, I send a check each month to UPS. I tried to set up where UPS would automatically withdraw it from my checking each month, but UPS uses a third party to administer the plan and they were taking out double each month. Finally had to contact U.S. Dept of Labor to get my money back because the third party was impossible to deal with, just kept giving me a lot of BS. I was not in management even though insurance is not Teamcare. Like I said, most Locals supplements are different. So contact your Local to verify exactly what you will have and who is covered and for how long. [/QUOTE]
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