UPS announces plan to drop 15,000 spouses from insurance coverage
The United Parcel Service Inc. has plans to remove as many as 15,000 working spouses from the UPS health care plan in 2014. The company says the UPS spouses are eligible for coverage under their own employers, but the company is pointing to Obamacare as the main reason for the decision. Under the current law, large employers are only required to cover employees and dependent children.
In a memo to employees, UPS states rising health care costs, "combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost."
The decision will save the company an estimated $60 million a year and will only apply to non-union U.S.. workers.
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