UPS medical vs. Teamster medical

[Anonymous 10]

SS and Medicare are not one in the same.

Did he say it was??

 

[saintrick]

Ups is capped at 500,000 for life where the teamster plan is 200,00 per year.

Summary of Material Modifications
UPS Health and Welfare Package
UPS Health and Welfare Package for Retired Employees
September 2010

Elimination of Lifetime Maximum Benefits
Lifetime dollar limitson aggregate benefits will be

eliminated from your Plan effective January 1, 2011. If
you are an otherwise eligible employee whose coverage
previously ended upon reaching your lifetime maximum
benefit under the Plan, you will have 30 days, beginning
the first day of the annual enrollment period, to re-enroll

in the Plan. If you choose to enroll, your coverage is
effective January 1, 2011 (as long as you continue to meet
the Plan’s eligibility requirements). You may also enroll
any dependents whose coverage
ended upon reaching their lifetime maximum

 

[Ms.PacMan]

The IRS ruled that former employees (I posted the link in the retirement forum a few weeks ago) who are eligible for COBRA and retiree insurance but choose not to enroll are eligible for insurance and subsidies on the exchange.

an individual will not be eligible for retiree coverage unless the individual enrolls. Therefore, an individual who is eligible for retiree coverage but does not enroll disregards that eligibility in determining qualification for the lack of affordable coverage exemption. source

Running out of benefits however doesn't count as a qualifying life event and a person would have to wait until open enrollment on the exchanges to switch to a policy with no lifetime limits.