Teamcare has money in reserves
August 2023 vacation
- Thread starter IVE GOTTA PACKAGE 4U
- Start date
Thebrownblob
Well-Known Member
I think you can go straight to the web sight on the mailerHaving trouble downloading the app going to try again tonight
Up In Smoke
Well-Known Member
Teamcare is a company run health benefit with an catastrophic umbrella I believe.
Wally
BrownCafe Innovator & King of Puns
For how long?
I honestly do not know
Thebrownblob
Well-Known Member
Not certain The survey mailer has a website you can type in Or go and use the app. You also have to input a code.
DELACROIX
In the Spirit of Honore' Daumier
I believe that Company covered our Healthcare when we on strike in “97”..
Totally different animal today... they will quit payments to our health providers for certain.
Sounds like Team Care is prepared for such an event... I did not know that they had a third party policy to cover lost funds..
Thebrownblob
Well-Known Member
We will be covered.
Okay I did receive that mailing I wasn't sure if it was something different or the same thing
Thebrownblob
Well-Known Member
I went straight to the app and did it from there but it still pulls up the same website you just don’t have to type it in. You do however have to input your code.
Up In Smoke
Well-Known Member
I believe the company contributes to a "fund" and the "fund" operates like an annuity, where the contributions are invested across a spectrum of investments with a monthly "dividend" paid back into the "fund". The "fund" negotiates the terms of service for their members. There are hundreds of Teamcare funds for employers to join, but I believe UPS manages theirs independently. They purchase a catastrophic policy for the extreme situations.
I took a contract survey on that a couple months ago
Thebrownblob
Well-Known Member
Yes This one is bigger and more in depth
Johney
Pineapple King
You sure about that? So why do you have to work at least one day a week to be covered? Just saying.
Thebrownblob
Well-Known Member
Teamcare has already stated it will cover us. I’m not aware of the details or length.
Johney
Pineapple King
I guess the $100,000 question is for how long.
They will cut the retirees off first.....
Johney
Pineapple King
I guess my question is say they break the union what happens to Teamcare then?
I’m retired but still covered under Teamcare, what then?
Johney
Pineapple King
I doubt that I pay for my benefits. How much do you pay?
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