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UPS Union Issues
UPS medical vs. Teamster medical
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<blockquote data-quote="Catatonic" data-source="post: 1223599" data-attributes="member: 7966"><p>I'm not sure which one you think is better but here is my logic.</p><p></p><p>If you have 200k per year, you most likely will not use it up but maybe 1 year out of 10 years.</p><p>After you use up the 200k for a year, you might be able to go on Obamacare ... not sure.</p><p>Your insurance covers you in all other 9 years with no premiums.</p><p></p><p>If you have 500k lifetime, then your insurance is paid until the year you incur the 500k lifetime.</p><p>After that, you go on Obamacare.</p><p></p><p>I'm not sure but I think I would want to go on the 500k lifetime with the risk being to have to go on Obamacare until 65.</p><p>There are too many unknowns in the 200k per year and you might get stuck with a large $k bill during the switchover, if allowed to Obamacare for a portion of a year.</p><p></p><p></p><p>The apparent 500k difference is actually just that - apparent.</p><p>In reality, the probable exposure difference is less than $25,000 over a 10 year period with less risk in the one-time transition to Obamacare.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1223599, member: 7966"] I'm not sure which one you think is better but here is my logic. If you have 200k per year, you most likely will not use it up but maybe 1 year out of 10 years. After you use up the 200k for a year, you might be able to go on Obamacare ... not sure. Your insurance covers you in all other 9 years with no premiums. If you have 500k lifetime, then your insurance is paid until the year you incur the 500k lifetime. After that, you go on Obamacare. I'm not sure but I think I would want to go on the 500k lifetime with the risk being to have to go on Obamacare until 65. There are too many unknowns in the 200k per year and you might get stuck with a large $k bill during the switchover, if allowed to Obamacare for a portion of a year. The apparent 500k difference is actually just that - apparent. In reality, the probable exposure difference is less than $25,000 over a 10 year period with less risk in the one-time transition to Obamacare. [/QUOTE]
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