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Brown Cafe UPS Forum
UPS Union Issues
Teamcare unsustainable. Hoffa words, not mine.
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<blockquote data-quote="Bagels" data-source="post: 1171222" data-attributes="member: 43436"><p>As I've written to you before, UPS (as TeamCare will be) is self-insured, not fully-insured. The advantage of being self-insured (which requires economies of scale) is that you spend significantly less on coverage than you would in a fully-insured plan. In other words, UPS's actual per-employee cost is less than half the market value of your plan indicated on the W-2. Individual locals cannot "shop" for health insurance, as the monies they receive are insufficient to buy anything but a basic level of coverage. I assume many current union-controlled plans are fully-insured (since members receive an HMO option, which is typically not available via self-insurance) but a national roll out would cost UPS significantly more thus rendering it impractical. Self-insurance works best for PTers because a large chunk is young & single.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1171222, member: 43436"] As I've written to you before, UPS (as TeamCare will be) is self-insured, not fully-insured. The advantage of being self-insured (which requires economies of scale) is that you spend significantly less on coverage than you would in a fully-insured plan. In other words, UPS's actual per-employee cost is less than half the market value of your plan indicated on the W-2. Individual locals cannot "shop" for health insurance, as the monies they receive are insufficient to buy anything but a basic level of coverage. I assume many current union-controlled plans are fully-insured (since members receive an HMO option, which is typically not available via self-insurance) but a national roll out would cost UPS significantly more thus rendering it impractical. Self-insurance works best for PTers because a large chunk is young & single. [/QUOTE]
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Teamcare unsustainable. Hoffa words, not mine.
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