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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Management Retirement-Health Plan Coverage
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<blockquote data-quote="beentheredonethat" data-source="post: 1152022" data-attributes="member: 4886"><p>From what I heard from folks who retired\close to retire. UPS sets aside a dollar amount per year worked. Also somewhere around 1990, the set rate was drastically decreased. So the formula was # years prior to the 1990ish * dollar amount + # yrs post 1990ish * lower dollar amount. </p><p></p><p>I don't know offhand the two different dollar amounts. But for a 25 year employee (me too) you'd only have a few years at the higher dollar amount. You'll probably have to pay a bit out of pocket initially. However, every year as health care costs go up you will be paying 100% of the increase. Also, when you hit 65 the dollar amounts change again (lowered) since all you need to purchase is a medicare supplement plan vs full blown insurance.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1152022, member: 4886"] From what I heard from folks who retired\close to retire. UPS sets aside a dollar amount per year worked. Also somewhere around 1990, the set rate was drastically decreased. So the formula was # years prior to the 1990ish * dollar amount + # yrs post 1990ish * lower dollar amount. I don't know offhand the two different dollar amounts. But for a 25 year employee (me too) you'd only have a few years at the higher dollar amount. You'll probably have to pay a bit out of pocket initially. However, every year as health care costs go up you will be paying 100% of the increase. Also, when you hit 65 the dollar amounts change again (lowered) since all you need to purchase is a medicare supplement plan vs full blown insurance. [/QUOTE]
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