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UPS Health Benefits Shock for Retired Union Employees
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<blockquote data-quote="willybad" data-source="post: 1077755" data-attributes="member: 45356"><p>i called the benefits service center.they told me this does not have anything to do with the contract.this is going to happen regardless of what happens with the contract.on aug.1 they will take $495 out of my checking account / month,instead of the $50 they are taking out now.if there are insufficient funds,i will be cancelled,with no way to get my insurance back.i asked if this means next jan.they can raise it from $495 to $4950/mo.she said it probably woulnd't go up 10 times every year,but each year it can go up.so i will loose 20 % of my net income starting 8/1/2013.then maybe another 20% each year until in 5 years the insurance will cost 20% more than my annual income.i hope obamacare is going strong at that point because i will have no insurance through ups.the only silver lining to this cloud is that as soon as there are insufficient funds in my checking account to pay the insurance .they will cancel me and i will have $50 more income/mo. than i have now.at that point i can just quit getting any medical treatment,die,and help keep the pension fund going longer.</p></blockquote><p></p>
[QUOTE="willybad, post: 1077755, member: 45356"] i called the benefits service center.they told me this does not have anything to do with the contract.this is going to happen regardless of what happens with the contract.on aug.1 they will take $495 out of my checking account / month,instead of the $50 they are taking out now.if there are insufficient funds,i will be cancelled,with no way to get my insurance back.i asked if this means next jan.they can raise it from $495 to $4950/mo.she said it probably woulnd't go up 10 times every year,but each year it can go up.so i will loose 20 % of my net income starting 8/1/2013.then maybe another 20% each year until in 5 years the insurance will cost 20% more than my annual income.i hope obamacare is going strong at that point because i will have no insurance through ups.the only silver lining to this cloud is that as soon as there are insufficient funds in my checking account to pay the insurance .they will cancel me and i will have $50 more income/mo. than i have now.at that point i can just quit getting any medical treatment,die,and help keep the pension fund going longer. [/QUOTE]
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UPS Health Benefits Shock for Retired Union Employees
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