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UPS drops insurance for spouses due to Obamacare
Do you have insurance through your spouse who works for UPS? Don’t expect to be insured much longer. UPS has confirmed that they are officially canceling the insurance policies offered to spouses of employees.
From CNN Money:
United Parcel Service is planning to drop 15,000 workers’ spouses from its health insurance plan, citing higher costs due to Obamacare.
In an undated memo to employees, UPS*said it will discontinue coverage for all working spouses who are eligible for insurance with their own employer. That applies to about 15,000 spouses covered by UPS today.
The internal document was obtained by Kaiser Health News.*UPS told the nonprofit news agency that the policy applies only to non-union U.S. workers.*It hasn’t responded to questions from CNNMoney.
In the memo,*UPS said it’s willing to take care of its own, but it won’t bear a burden that other companies can take on.
...Most of the company’s workers, such as delivery workers and truck drivers, are unionized through the International Brotherhood of Teamsters and receive insurance under a different plan.
UPS blamed the move on several aspects of Obamacare, including mandatory coverage for dependent children up to age 26 and new government fees.
"We are making these changes to offset cost increases due to the [Affordable Care Act]," the memo states.
Interesting that it’s only the non-union members.
We knew it was just a matter of time before big companies began whittling away at the healthcare benefits of their employees. Just wait until this starts happening en masse.
http://poorrichardsnews.com/post/68805979010/ups-drops-insurance-for-spouses-due-to-obamacare
Do you have insurance through your spouse who works for UPS? Don’t expect to be insured much longer. UPS has confirmed that they are officially canceling the insurance policies offered to spouses of employees.
From CNN Money:
United Parcel Service is planning to drop 15,000 workers’ spouses from its health insurance plan, citing higher costs due to Obamacare.
In an undated memo to employees, UPS*said it will discontinue coverage for all working spouses who are eligible for insurance with their own employer. That applies to about 15,000 spouses covered by UPS today.
The internal document was obtained by Kaiser Health News.*UPS told the nonprofit news agency that the policy applies only to non-union U.S. workers.*It hasn’t responded to questions from CNNMoney.
In the memo,*UPS said it’s willing to take care of its own, but it won’t bear a burden that other companies can take on.
...Most of the company’s workers, such as delivery workers and truck drivers, are unionized through the International Brotherhood of Teamsters and receive insurance under a different plan.
UPS blamed the move on several aspects of Obamacare, including mandatory coverage for dependent children up to age 26 and new government fees.
"We are making these changes to offset cost increases due to the [Affordable Care Act]," the memo states.
Interesting that it’s only the non-union members.
We knew it was just a matter of time before big companies began whittling away at the healthcare benefits of their employees. Just wait until this starts happening en masse.
http://poorrichardsnews.com/post/68805979010/ups-drops-insurance-for-spouses-due-to-obamacare
