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UPS (United Parcel Service): Important Change To Benefits Plan The New Trend?
UPS announced in August, 2013 it would not allow spouses of employees to enroll in the UPS benefit plan if they could obtain insurance through their own employer. This policy applies only to the salaried workforce of UPS and not to union/represented workers. Is this the beginning of a new trend in employee benefits?
Through this change, UPS is seeking to reduce sharply rising benefit costs which it publicly attributes to Obamacare and healthcare reform. UPS employs about 322,000 persons in the United States, about 250,000 of them are union employees -primarily members of the Teamsters. The decision is estimated to affect 15,000 employees with spouses/partners that presumably may obtain healthcare insurance through their own employers.
John G. Baresky