I’m still a little undecided whether to take it or not.
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Not on your life.
Highly doubt that all the benefit cutbacks will do anything toward saving T. Can you imagine trying to recover from $150B in debt. Cutting bennies to save money at T is like fighting a forest fire with a garden hose.
" Stankey has already cost me $125K with the loss of my MetLife insurance policy. It went from $140K to $15K as of 01/01/2022."
Well, you COULD keel over before end of year, and keep that....
Seriously, the retirees kvetching about their supplemental life insurance...enough already.
Ya'll are stupid to use an advantage plan, better hope you never fall into bad health.
Figure it out yourself
Stankey wants all eligible retirees to opt for the T PPO. The reason? It saves T money. Not my problem, no one forced him into running T in the ditch. With debt at 150B, it's not likely T will ever be even close to debt free. Stankey has already cost me $125K with the loss of my MetLife insurance policy. It went from $140K to $15K as of 01/01/2022. This was an earned benefit that just vaporized, what a joke. May Stankey and Santone B* in he, fricken thieves.
How can anyone advise you? Have you had Medicare for more than a year? Preexisting conditions? Health services used last year? Eligible for Tricare? Eligible for an HRA?
It's a nice plan depending on the situation. If my cost was $1057.56 instead of the loss of a $2400 HRA (I keep the dental HRA of $300) the offer would be more compelling.
Under certain circumstances, it might be a good plan regardless of the HRA aspect. It is a low deductible plan with coverage that matches a good Medigap plan. Price Medigap.
I didn't read 2022 as the last year. From the letter sent to the Union:
The experience within the Exchange plans has been positive and we are able to keep your HRA crediting amounts through 2023.
I read that as lasting to the end of 2023. So, I think that 2022 is the second to last year.
Um.......no! Enjoy your last year of HRA. Next year you will be forced to T PPO, then you can remember the good old days of HRA!
If HRA eligible, a retiree loses $2400 to participate. The retiree hangs on to $300 for dental and vision coverage.
The HRA eligible spouse loses $1300, but hangs on to $200 dental. Plus the spouse pays $1057.56.
So, the costs for HRA eligible people are around $2400.
Unsubsidized retirees and spouse pay 1057.56 each.
Everybody pays for Medicare part B separately which is looking like $158.50×12=$1902.
The PPO contains a low maximum out-of-pocket for medical. There is also a clause on page 28 indicating a pharmacy max out-of-pocket of $6500, which doesn't seem to jibe with information on page 27.
As a subsidized retiree, and given my health situation, the PPO at $2400 isn't worth it. The HRA contains provisions to reimburse out-of-pocket pharmacy up to $100,000 once a threshhold of $5000 is reached.
So, I went $0 Medicare Advantage with a $10000 out-of-pocket, but has dental and vision. I use the HRA for Medicare Part B and out of pocket.
Your choice but If you are married the $4,200 stipend with an Aon Advantage plan will more than cover Part B premiums (~$3000 annually) plus prescription dr-g plan premiums and you should still have funds left over to cover Co-Pays.
The PPO plan does not provide any money to cover Part B premiums plus you also pay $1,000 just to get into the plan.
Just ask other eligible retirees what plan they are on.
Absolutely not.