Introducing a new way to get health care coverage for For Lilly Medicare-eligible retirees and dependents

Size: px
Start display at page:

Download "Introducing a new way to get health care coverage for 2016. For Lilly Medicare-eligible retirees and dependents"

Transcription

1 Introducing a new way to get health care coverage for 2016 For Lilly Medicare-eligible retirees and dependents

2 Beginning in 2016, Lilly is introducing a new way for Medicare-eligible retirees and Medicare-eligible dependents to receive health care coverage. These changes do not affect your benefits for 2015, and there is no action you need to take right now. This guide explains what will be changing, what you can expect over the coming year, and what to do if you have questions now. It also introduces Towers Watson s OneExchange, our trusted partner who will support you during and after this change. Please review this information carefully to understand the changes to Lilly s benefits and what they mean for you and your family. Be sure to share this guide with a family member or someone who helps you make health care decisions. Retirees and family members who are not Medicare-eligible and are covered by a Lilly medical option will remain eligible for coverage under a Lilly option in 2016, as long as you continue to meet the eligibility requirements. When you and/or your family member become Medicare-eligible (generally at age 65), you will need to enroll in health coverage through OneExchange.

3 Introducing OneExchange Lilly is partnering with OneExchange to support you during and after this transition. OneExchange is the nation s largest and longest-standing private Medicare exchange. They are experts in providing objective advice and access to a robust and competitive individual Medicare market. OneExchange represents a wide variety of plans from more than 90 national and regional health insurance companies. OneExchange is not an insurance company. This fall, when it is time to evaluate and enroll in an individual Medicare supplement plan, OneExchange will provide personalized support from an experienced benefit advisor, so you can feel confident in selecting and enrolling in a plan that meets your needs and budget. Through OneExchange, you will have access to:»» Information mailed to your home to help you prepare for and complete enrollment for 2016 coverage»» Education and support about the types and costs of plans available to you»» Objective advice and decision-making support, based on your current coverage and expected future medical needs»» Assistance with enrolling in the health care coverage you choose»» Ongoing support after your enrollment, including help with coverage and claims questions Take Note Watch for this logo on upcoming mailings it means that they include important information about your medical coverage:

4 2 What s New for Medicare-eligible Retirees and Dependents for 2016 TODAY BEGINNING JANUARY 1, 2016 What you have today (if Medicare-eligible) A single health plan option, administered by Anthem and CVS Caremark No personal guidance for your health plan decisions Family coverage, meaning you select your benefits and cover your eligible family members if desired Certain Lilly drugs provided at no cost What you ll be eligible to receive beginning January 1, 2016, (or after, when becoming eligible for Medicare) You will have the ability to choose from a range of medical, prescription drug, dental, and vision plans from leading national and regional insurance companies. These plans are offered through a private Medicare supplement marketplace, which is different from the public health insurance exchanges created under the Affordable Care Act. OneExchange will connect you with an experienced benefit advisor who will provide you with personalized support as you select and enroll in the plan(s) that s best for you. You and each of your Medicare-eligible family members will select and enroll in your own Medicare supplement plan(s), with individual coverage. You can pick the same plan or different plans, depending on your preferences and health care needs. Any of your eligible dependents who are not yet Medicare-eligible will continue to have the opportunity to enroll in a Lilly health plan option. With your new Medicare supplement plan(s), Lilly drugs will no longer be available free of charge. Instead, they will be covered like all other prescription medications, depending on the plan you select. If you take a Lilly drug, or any other prescriptions, your benefit advisor at OneExchange can work with you to find a plan that includes coverage for your medications at the lowest possible cost.

5 3 TODAY BEGINNING JANUARY 1, 2016 What you have today (if Medicare-eligible) Make changes or elections through the Lilly Annual Enrollment process each fall Your retiree medical plan premiums are typically deducted from your monthly pension payment, and Lilly pays a portion of the cost of coverage You contact the Lilly Benefits Center, Anthem, and CVS Caremark with any questions about your coverage What you ll be eligible to receive beginning January 1, 2016, (or after, when becoming eligible for Medicare) This fall (or when you become eligible for Medicare, if later), you will no longer enroll for health care coverage through Lilly. You and/or your Medicare-eligible dependents will each select and enroll in new medical and prescription drug coverage through OneExchange. Dental and vision plans are available as well. OneExchange will continue to assist you if you have any questions about your health insurance or want to re-evaluate your coverage each year. Detailed information on how to prepare for your enrollment and instructions on how to evaluate options will be mailed to you in August. There is nothing you need to do right now. Lilly will continue to pay a portion of your retiree medical coverage; however, you will pay directly for your health premiums to your new insurer and for other out-of-pocket medical expenses. You will then be able to reimburse yourself for these costs from a tax-free account from Lilly called a Health Reimbursement Arrangement (HRA). You will no longer have health plan premiums deducted from your pension payment. As long as you are eligible and enroll in a Medicare supplement plan through OneExchange, Lilly will contribute annually into your HRA to help you pay for coverage. In August you will receive information about how much Lilly will contribute to your HRA. The amount you receive will be based on how your retiree medical cost-sharing works today. Once you enroll in a plan, OneExchange will be your primary contact for all health insurance-related information and support. You may also contact your insurance company if you have questions about coverage.

6 4 When to Expect More Information If you or your dependent are or will be eligible for Medicare by January 1, 2016, this chart provides an overview of information you will receive and when, so that you are ready to enroll when the time comes: NOW August 2015 Late August early September Read the information in this packet to better understand what is changing and why. View a video message from John Lechleiter and Stephen Fry at lillyretireeinfo.com. Visit lillyretireeinfo.com if you d like to learn more about Medicare, Medicare supplement plans, and the individual Medicare marketplace. Call OneExchange at , if you have questions about the enrollment process and what to expect. Read information sent from Lilly including your HRA subsidy amount, a schedule of education sessions to be hosted by Lilly and OneExchange, and the OneExchange Getting Started Guide, which outlines the actions you will need to take. RSVP to attend an education session. Speak with a OneExchange representative over the phone to answer any questions about the change. The advisor will collect some information from you and schedule an enrollment call with you for the fall. Attend an education session or teleconference hosted by Lilly and OneExchange to learn more about your health care coverage options and the services available to you through OneExchange.

7 5 October Mid-December January 1, 2016 Read the Enrollment Guide sent from OneExchange, which explains how to evaluate your options, how to complete enrollment, and what to expect after enrollment. Participate in an enrollment call with a OneExchange benefits advisor to enroll in an individual Medicare supplemental plan between October 5 and December 31. Read the HRA guide mailed to your home from OneExchange, which includes detailed information on how to use your account. New coverage you ve selected begins. You will receive new health care ID cards directly from the insurer you selected. To make sure you stay informed, be sure to call the Lilly Benefits Center at with any updates to your contact information including updates to your *mailing address.

8 6 How much will Lilly contribute to my medical coverage? If you are currently Medicare-eligible (or will be by January 1, 2016), you will receive a personalized information packet mailed to your home in August that contains your HRA subsidy amount and other important information. Your HRA subsidy amount will be determined primarily by your retirement date and years of service. By law, rates and benefits for many of the individual Medicare supplement plans will be not be available until October 1, Our Company s long history proves that we have been able to adapt to change over time, and this also is true of our health care strategy. The health care market has changed significantly in recent years and will continue to evolve. This is our opportunity to help our retirees take advantage of these advances. I understand the concern that comes with change, but I assure you we are approaching this transition carefully so that you have the support you need. John Lechleiter, Chairman, President, and CEO of Eli Lilly and Company

9 7? Did you know? Compared to many company-sponsored group plans, the individual Medicare market can offer better value for retirees:»» On average, over the past several years, individual medical plans have experienced lower premium increases than group medical plans.»» Most retirees who select coverage through OneExchange will pay about the same or less than they did under their previous coverage options, while also selecting coverage more specifically tailored to their personal needs and budget. The Medicare Supplement Marketplace The private Medicare supplement marketplace provides you access to medical plans that will supplement Medicare Parts A and B. In order to enroll in a Medicare supplement plan, you must be enrolled in Medicare Parts A and B. The Medicare supplement marketplace is a well-established and cost-effective alternative to company-sponsored group medical coverage, and millions of retirees obtain coverage this way. Over the past few years, more and more companies have helped their Medicare-eligible retirees and Medicare-eligible dependents successfully move from company-sponsored plans to coverage through the Medicare market.

10 8 Frequently Asked Questions The following questions and answers help to explain a little more about the changes and what they mean for you and Lilly. What is Lilly s long-term health care strategy? Lilly remains committed to contributing to a meaningful health benefit for our employees, our retirees, and their families. Why is Lilly making this change? Why now? We want our employees, our retirees, and their families to have access to quality health care coverage. That s why we evaluate our benefit programs. We must continually adapt our approach to provide quality benefits at the right cost. We believe this is the right time for change. The Medicare supplement market is well established, with competitive and affordable options. This change provides an opportunity to take advantage of innovation in the health care market, enabling flexibility, choice, and value. Will Lilly save money by making this change? Yes. Lilly will save money with this change, mainly in how we account for future benefit liabilities. We must continue to address the rising cost of health care. This change allows us to maintain an affordable and competitive health benefit for our retirees and their families. Why are you communicating this now when I cannot yet take action? We believe communicating changes to your benefits as decisions are finalized is the right thing to do even if we don t have all the answers yet. We ll ensure you have the time and information you need to take action when required. Will this new approach cost more than my current Lilly coverage? For the majority of retirees, Lilly s contributions to your Health Reimbursement Arrangement (HRA) will be sufficient to pay for a medical plan comparable to your current coverage. As long as you enroll in a Medicare supplement plan through OneExchange this fall (or once you become eligible for Medicare, if later), Lilly will contribute annually into an HRA to help you pay for coverage. What is a Health Reimbursement Arrangement (HRA)? An HRA is a tax-free account where Lilly will make contributions as long as you are eligible and enrolled in a Medicare supplement plan through OneExchange. You will have access to your account to reimburse yourself for the cost of your health care premiums and/or other eligible health expenses, such as co-payments and co-insurance. You ll receive more information about your account and how it works in December. Will I still be able to use my chosen doctor(s)? You will likely be able to find a plan that allows you to continue to use your current doctors. Your benefit advisor at OneExchange can work with you to help you find a plan that includes your current providers in their network.

11 9 What role does Lilly play in supporting Medicare Part D prescription drug coverage? Does this change reflect this support? Since 2010, contributions from Lilly and other pharmaceutical companies have helped millions of Medicare-eligible individuals save on their prescription drug costs. These contributions are helping lessen the effects of gaps in Medicare Part D prescription drug coverage (the doughnut hole ), resulting in more affordable coverage for seniors. Through this change, Lilly retirees will now be able to take advantage of these contributions. How does this change affect non-medicare-eligible retirees? The new way to buy health care coverage only applies to Medicare-eligible retirees and dependents. If you and/or your eligible family members are not Medicare-eligible and covered by a Lilly medical option, you remain eligible for coverage under a Lilly option in 2016, as long as you continue to meet the eligibility requirements. When you and/or your family member reach age 65, or otherwise become Medicare-eligible, you will enroll in health care coverage through OneExchange. If you are approaching Medicare eligibility, you will receive more information on the actions you should take during the year before your 65th birthday. If you are eligible for Medicare, but your dependent is not yet eligible, please note the following for those who will enroll through OneExchange by December 31, 2015: While the cost of coverage through the Lilly pre-medicare plan is higher, your spouse and/or dependents will continue paying lower post-medicare rates as they do today for up to three years, with annual cost increases subject to inflation. For example: If you are a 67-year-old retiree and your spouse is age 60 (and is a covered dependent), you will enroll through OneExchange, and your spouse will choose a Lilly pre-medicare option. Lilly will grandfather non-medicare-eligible dependents covered by a Medicare-eligible retiree as of December 31, 2015, at the lower Medicare-eligible premiums (with annual cost increases for inflation) for three years. After three years (so, beginning in 2019), the pre-medicare premiums will apply. Once your spouse turns age 65, or otherwise becomes Medicare-eligible, he or she will also enroll through OneExchange and receive the HRA contribution. What happens if I don t enroll in a plan through OneExchange? Traditional Lilly coverage for Medicare-eligible retirees/dependents will not be available for If you want to receive financial support from Lilly for your health benefits in the future, you must enroll in a medical plan through OneExchange by December 31, 2015, or when you become eligible for Medicare, if later. Should retirees expect more health plan changes in the future? We remain committed to providing access to meaningful health benefits for our employees and retirees. We will continue to update our programs to ensure they remain sustainable for the future.

12 The information provided in this guide is intended to give a general overview of important benefit information. While every effort has been made to make the information as complete and accurate as possible, Lilly s benefit plans are fully detailed in separate legal documents. In the event of any inconsistencies between these materials and the plan documents, the terms of the plan documents will control. The Company reserves the right to amend, modify, or terminate its benefit plans or services at any time at its discretion. January 2015

GET READY TO TAKE ACTION!

GET READY TO TAKE ACTION! NEW CHOICES IT S TIME TO CHOOSE THE SUPPLEMENTAL MEDICARE COVERAGE THAT WORKS BEST FOR YOU. ENROLL BY Dec. 31, 2012. ANNOUNCING CHANGES TO YOUR RETIREE HEALTH CARE COVERAGE FOR 2013 GET READY TO TAKE ACTION!

More information

Health Coverage with More Choices

Health Coverage with More Choices Health Coverage with More Choices Get ready for a different approach to health coverage with flexibility to choose a plan that fits your needs. This brochure explains the health coverage for Medicare-eligible

More information

New Health Coverage with More Choices

New Health Coverage with More Choices New Health Coverage with More Choices Get ready for a new approach to health coverage with more flexibility to choose a plan that fits your needs. Effective January 1, 2015, health care benefits offered

More information

2015 Health Care Enrollment Medicare Eligible Retirees and Medicare Eligible Dependents Henrico County General Government and Schools

2015 Health Care Enrollment Medicare Eligible Retirees and Medicare Eligible Dependents Henrico County General Government and Schools 2015 Health Care Enrollment Medicare Eligible Retirees and Medicare Eligible Dependents Henrico County General Government and Schools Frequently Asked Questions - OneExchange Q1: Why is the County sponsoring

More information

IBM Selects Extend Health to offer Medicare-Eligible Retirees a New Way to Receive Health Care Coverage

IBM Selects Extend Health to offer Medicare-Eligible Retirees a New Way to Receive Health Care Coverage IBM Selects Extend Health to offer Medicare-Eligible Retirees a New Way to Receive Health Care Coverage As of January 1, 2014, IBM will offer Medicareeligible retirees* and their Medicare-eligible dependents**

More information

Your Retiree Medical Transition Guide

Your Retiree Medical Transition Guide Your Retiree Medical Transition Guide What you need to know. Prepare for your enrollment. Partner with your own dedicated Benefits Advisor. Get help paying for your coverage. A New Way to Find the Right

More information

If you are thinking about retirement...

If you are thinking about retirement... RETIREE HEALTHCARE AND YOUR HEALTH REIMBURSEMENT ARRANGEMENT (HRA) This brochure describes certain retiree healthcare benefits under the Caterpillar Inc. Group Insurance Plan (Part 2). If you participate

More information

You don t have to change plans unless you want an option other than the following:

You don t have to change plans unless you want an option other than the following: Why is Caltech changing my retiree medical benefits? As you know, health care costs have been increasing significantly over the years. This has made it difficult for Caltech to provide retiree medical

More information

Health Benefits Frequently Asked Questions

Health Benefits Frequently Asked Questions Health Benefits Frequently Asked Questions The General Board of Pension and Health Benefits (General Board) is partnering with Towers Watson s OneExchange to offer Medicare-eligible participants and Medicare-eligible

More information

2015 RETIREE BENEFITS BULLETIN

2015 RETIREE BENEFITS BULLETIN BENEFITS BULLETIN 2015 RETIREE BENEFITS BULLETIN This bulletin describes benefit changes and coverage provisions effective Jan. 1, 2015. This bulletin updates the complete summary of coverage described

More information

NEW HEALTH CARE CHOICES FOR 2013. Key Resources for DuPont Medicare-Eligible Retirees and Dependents

NEW HEALTH CARE CHOICES FOR 2013. Key Resources for DuPont Medicare-Eligible Retirees and Dependents NEW HEALTH CARE CHOICES FOR 2013 Key Resources for DuPont Medicare-Eligible Retirees and Dependents ABOUT THIS BOOKLET Please read this booklet carefully. It explains what s changing for 2013, includes

More information

Health Reimbursement Arrangement (HRA).

Health Reimbursement Arrangement (HRA). Retiree benefits 1 Retiree benefits Health Reimbursement Arrangement (HRA). Benefits for Union Pacific s Medicare-eligible retirees and their Medicare- eligible spouses and/or dependents. 2 Union pacific

More information

New Retiree Healthcare Benefi ts

New Retiree Healthcare Benefi ts New Retiree Healthcare Benefi ts This brochure explains the new individual healthcare benefi ts for Medicare-eligible Retirees, their Medicare-eligible spouses,* and their surviving spouses* who are Medicare-eligible

More information

FAQs: Medicare Eligible Retiree Medical Coverage

FAQs: Medicare Eligible Retiree Medical Coverage FAQs: Medicare Eligible Retiree Medical Coverage June 2014 What is changing? Effective September 1, 2014, current retirees of Emory University and Emory Healthcare who are age 65 or older and Medicare

More information

Preparing for Retirement Healthy Directions for Medicare Retirees

Preparing for Retirement Healthy Directions for Medicare Retirees Preparing for Retirement Healthy Directions for Medicare Retirees Introduction Eligibility Healthy Directions for Medicare Retirees is designed for John Deere U.S. Flex retirees* who: Are eligible for

More information

preparing for Medicare retirement for Medicare retirees

preparing for Medicare retirement for Medicare retirees preparing for Medicare retirement for Medicare retirees 2008 introduction eligibility Healthy Directions for Medicare Retirees is designed for John Deere U.S. Flex retirees* who: Are eligible for Medicare

More information

RETIREE BENEFITS Health Reimbursement Arrangement (HRA).

RETIREE BENEFITS Health Reimbursement Arrangement (HRA). RETIREE BENEFITS 1 RETIREE BENEFITS Health Reimbursement Arrangement (HRA). Benefits for Union Pacific s Medicare-eligible retirees and their Medicare- eligible spouses and/or dependents. 2 UNION PACIFIC

More information

Go Your Own Way: Your Guide to Choosing and Enrolling in the Aon Retiree Health Exchange

Go Your Own Way: Your Guide to Choosing and Enrolling in the Aon Retiree Health Exchange Go Your Own Way: Your Guide to Choosing and Enrolling in the Aon Retiree Health Exchange What s Changing In order to provide Medicare-eligible retirees and their Medicare-eligible dependents with better

More information

Preparing for Retirement Healthy Directions for Medicare Retirees

Preparing for Retirement Healthy Directions for Medicare Retirees Preparing for Retirement Healthy Directions for Medicare Retirees Introduction Eligibility Healthy Directions for Medicare Retirees is designed for John Deere U.S. Flex retirees* who: Are eligible for

More information

THE NELSON TRUST WWW.NELSON.AIBPA.COM

THE NELSON TRUST WWW.NELSON.AIBPA.COM December 28, 2012 Please read this notice carefully. This Notice contains important information regarding your coverage under The Nelson Trust Medicare Retiree Plan, effective April 1, 2013. You need to

More information

New Coverage New Choices 10/31/2011

New Coverage New Choices 10/31/2011 New Coverage New Choices 10/31/2011 What We Will Cover Today What is changing and why. How this affects you. Get to know Extend Health and the services available to you. A look at the Medicare marketplace.

More information

A New Approach to Your Retiree Medical Benefits

A New Approach to Your Retiree Medical Benefits A New Approach to Your Retiree Medical Benefits A New Approach to Your Retiree Medical Benefits UC is taking a new approach to retiree medical care coverage for Medicare-eligible retirees and their Medicare-eligible

More information

Human Resources Retirement Program Changes. Covering You. Valuable. Dependable. Accessible.

Human Resources Retirement Program Changes. Covering You. Valuable. Dependable. Accessible. Human Resources Retirement Program Changes Covering You. Valuable. Dependable. Accessible. new ahead. the Learn about choices Retiree Medical Benefits Continued Coverage and New Options for 2009 The 3M

More information

University System of Georgia Aon Retiree Health Exchange FAQs for Retirees. June 3, 2015. Risk. Reinsurance. Human Resources.

University System of Georgia Aon Retiree Health Exchange FAQs for Retirees. June 3, 2015. Risk. Reinsurance. Human Resources. University System of Georgia Aon Retiree Health Exchange FAQs for Retirees June 3, 2015 Risk. Reinsurance. Human Resources. Why is the University System of Georgia (USG) changing retiree health care coverage?

More information

Extend Health. New Health Coverage with More Choices

Extend Health. New Health Coverage with More Choices Extend Health New Health Coverage with More Choices Get ready for a new approach to health coverage with more flexibility to choose a plan that fits your needs. Effective January 1, 2013, health care benefits

More information

Health Insurance After Age 65

Health Insurance After Age 65 1 GUIDE TO MEDICARE PLANNING Health Insurance After Age 65 Whether you are retired or still working, Medicare will likely become part of your life after you turn 65. In the United States today, most health

More information

Hari Arora hsarora@verizon.net (813) 962-8395. Jim Hughes j.r.hughes45@gmail.com (727) 937-2429

Hari Arora hsarora@verizon.net (813) 962-8395. Jim Hughes j.r.hughes45@gmail.com (727) 937-2429 IBM Retiree Medicare Coverage 2015 Medicare Eligible Retiree Single Medicare Eligible Retiree with Medicare Eligible or Non-Medicare Eligible Spouse November 11 & 12, 2014 Hari Arora hsarora@verizon.net

More information

Your Questions Answered

Your Questions Answered Your Questions Answered 1. GENERAL 1.1 What is happening to my retiree medical and prescription drug benefits for Medicare-eligible participants as of January 1, 2015? Effective December 31, 2014, CIGNA

More information

Frequently Asked Questions: DuPont Retiree Health Plan Changes

Frequently Asked Questions: DuPont Retiree Health Plan Changes New questions and answers added after September 6th, 2012 are shown in blue. The following questions and answers are general in nature. Medicare eligible retirees with specific questions regarding the

More information

FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS FREQUENTLY ASKED QUESTIONS The following is a list of frequently asked questions on the Pfizer-sponsored UHC Group Medicare Advantage plans. We will include responses to the most commonly received questions

More information

Human Resources Retirement Program Changes. Covering You. Valuable. Dependable. Accessible.

Human Resources Retirement Program Changes. Covering You. Valuable. Dependable. Accessible. Human Resources Retirement Program Changes Covering You. Valuable. Dependable. Accessible. new ahead. the Learn about choices Retiree Medical Benefits Continued Coverage and a New Option for 2009 The 3M

More information

Introducing OneExchange.

Introducing OneExchange. RETIREE BENEFITS Introducing OneExchange. OneExchange provides you with plan advice and enrollment assistance to choose Medicare supplemental healthcare and prescription drug coverage that s right for

More information

2016 Retiree Open Enrollment Benefits Briefing Medicare

2016 Retiree Open Enrollment Benefits Briefing Medicare 2016 Retiree Open Enrollment Benefits Briefing Medicare October 28: Bankhead Theater, Livermore October 29: The Grand Theater, Tracy This work was performed under the auspices of the U.S. Department of

More information

Everyone needs to plan ahead for Medicare

Everyone needs to plan ahead for Medicare Your financial well-being Everyone needs to plan ahead for Medicare Having a thorough understanding of how Medicare works and the choices you need to make about its coverage is an essential part of retirement

More information

Human Resources Retirement Program Changes. Covering You. Valuable. Dependable. Accessible.

Human Resources Retirement Program Changes. Covering You. Valuable. Dependable. Accessible. Human Resources Retirement Program Changes Covering You. Valuable. Dependable. Accessible. new ahead. the Learn about choices Retiree Medical Benefits Continued Coverage and a New Option for 2009 The 3M

More information

Oak Ridge National Laboratory. New Coverage New Choices

Oak Ridge National Laboratory. New Coverage New Choices Oak Ridge National Laboratory New Coverage New Choices What we ll cover today What is changing and why? How this affects you Introducing Extend Health Medicare marketplace Going forward Questions & answers

More information

Helping You Prepare For Your Upcoming Health Insurance Enrollment

Helping You Prepare For Your Upcoming Health Insurance Enrollment Helping You Prepare For Your Upcoming Health Insurance Enrollment Who We Are Transitions Can Be A Good Thing! OneExchange For Your Benefit A Deeper Dive Benefit Advisors, Private Exchange, Optimize Savings,

More information

Your Retiree Health Care Travel Guide

Your Retiree Health Care Travel Guide SPECIAL EDITION for Individuals Not Yet Eligible for Medicare Your Retiree Health Care Travel Guide 2010 Enrollment for BorgWarner Pre-Medicare Health Care Coverage Welcome to 2010 Pre-Medicare enrollment!

More information

DTE Energy Medicare-Eligible Retirees and Dependents 2013 Retiree Health Program. Fall 2013 - Presentations

DTE Energy Medicare-Eligible Retirees and Dependents 2013 Retiree Health Program. Fall 2013 - Presentations DTE Energy Medicare-Eligible Retirees and Dependents 2013 Retiree Health Program Fall 2013 - Presentations Agenda Overview Why change was needed Your new Medicare supplement program Time Line Medicare

More information

Make sure you re covered for your biologic medicine!

Make sure you re covered for your biologic medicine! It s open enrollment time Make sure you re covered for your biologic medicine! Joint Decisions is brought to you by Janssen Biotech, Inc., in partnership with CreakyJoints CreakyJoints Bringing arthritis

More information

IBM Medicare Coverage Overhaul

IBM Medicare Coverage Overhaul IBM Medicare Coverage Overhaul Current IBM coverage for medical, dental & vision care will be discontinued 12/31/2013 IBM subsidy will continue through Health Reimbursement Arrangement (HRA) Must work

More information

DTE Energy Medicare-Eligible Retirees and Dependents 2015 Retiree Health Program

DTE Energy Medicare-Eligible Retirees and Dependents 2015 Retiree Health Program DTE Energy Medicare-Eligible Retirees and Dependents 2015 Retiree Health Program Agenda Program Overview Medicare Basics RHA Program Retiree Reimbursement Account Questions and Answers 2 Program Overview

More information

AT&T Plans for a Medicare Retiree Health Exchange. CWA Review for Legacy T Local Officers} Retiree Council Presidents and Staff August 13} 2014

AT&T Plans for a Medicare Retiree Health Exchange. CWA Review for Legacy T Local Officers} Retiree Council Presidents and Staff August 13} 2014 AT&T Plans for a Medicare Retiree Health Exchange CWA Review for Legacy T Local Officers} Retiree Council Presidents and Staff August 13} 2014 ~... - -_ -... - _ -,...--_. - -. _-.,. - - y - -,. - What

More information

2015 Pre-Medicare Retiree Annual U.S. Benefits Enrollment Bulletin

2015 Pre-Medicare Retiree Annual U.S. Benefits Enrollment Bulletin OCTOBER 2014 + 2015 Pre-Medicare Retiree Annual U.S. Benefits Enrollment Bulletin 2015 Annual U.S. Benefits Enrollment Ends November 7, 2014 Welcome to the annual enrollment period for the JPMorgan Chase

More information

Health and Dental Insurance Questions/Answers for Retirees

Health and Dental Insurance Questions/Answers for Retirees Health and Dental Insurance Questions/Answers for Retirees What happens with my health insurance if I continue to work full-time beyond age 65? As an active full-time employee working beyond the age of

More information

Express Scripts Medicare TM (PDP) through State of Delaware Medicare Retiree Prescription Plan Frequently Asked Questions

Express Scripts Medicare TM (PDP) through State of Delaware Medicare Retiree Prescription Plan Frequently Asked Questions Express Scripts Medicare TM (PDP) through State of Delaware Medicare Retiree Prescription Plan Frequently Asked Questions Section 1 General Information (Questions 1-5) Section 2 Enrollment Information

More information

HEALTH CARE CHOICES FOR ELIGIBLE RETIREES

HEALTH CARE CHOICES FOR ELIGIBLE RETIREES HEALTH CARE CHOICES FOR ELIGIBLE RETIREES Effective 2013 table of contents > Page 2 3 Retiree Medical Plan Overview 3 Plan Highlights and Eligibility 5 Non-Medicare Eligible Retiree Component 6 Aetna PPO

More information

New Coverage & New Choices for Medicare-eligible Retirees

New Coverage & New Choices for Medicare-eligible Retirees New Coverage & New Choices for Medicare-eligible Retirees What We Will Cover Today What is changing. How this affects Medicare eligible retirees. Extend Health and the services and health plans available

More information

Newly-Eligible Medicare Advantage TRAIL Members FAQs What do I need to know about TRAIL as a newly-eligible annuitant or survivor?

Newly-Eligible Medicare Advantage TRAIL Members FAQs What do I need to know about TRAIL as a newly-eligible annuitant or survivor? Newly-Eligible Medicare Advantage TRAIL Members FAQs What do I need to know about TRAIL as a newly-eligible annuitant or survivor? TRAIL is a retiree healthcare program sponsored by the Teachers Retirement

More information

Health & Welfare Benefits Briefing 2015 Retiree Open Enrollment Medicare. November 5: Bankhead Theater, Livermore November 6: Grand Theater, Tracy

Health & Welfare Benefits Briefing 2015 Retiree Open Enrollment Medicare. November 5: Bankhead Theater, Livermore November 6: Grand Theater, Tracy Health & Welfare Benefits Briefing 2015 Retiree Open Enrollment Medicare November 5: Bankhead Theater, Livermore November 6: Grand Theater, Tracy 1. Open Enrollment Dates 2. Who handles your enrollment?

More information

FREQUENTLY ASKED QUESTIONS (FAQs) Move to a Medicare Part D Prescription Drug Plan

FREQUENTLY ASKED QUESTIONS (FAQs) Move to a Medicare Part D Prescription Drug Plan FREQUENTLY ASKED QUESTIONS (FAQs) Move to a Medicare Part D Prescription Drug Plan These FAQs provide additional information regarding the move to a Pfizer-sponsored Medicare Part D Plan (SilverScript).

More information

Introductions and Welcome

Introductions and Welcome Introductions and Welcome USG Representative Karin Elliott, University System Office Aon Retiree Health Exchange Representative Proprietary & Confidential August 2015 2 Why We Are Here Today The purpose

More information

Retiree Health Care Plan Benefits 2012 Enrollment Guide. Medical Coverage: Pre-Medicare Retirees

Retiree Health Care Plan Benefits 2012 Enrollment Guide. Medical Coverage: Pre-Medicare Retirees Retiree Health Care Plan Benefits 2012 Enrollment Guide Medical Coverage: Pre-Medicare Retirees You ll choose from four medical plans: Basic, Comprehensive, Health Reimbursement Arrangement (HRA) and Health

More information

LCRA Open Enrollment for 2015 Frequently Asked Questions: Medicare and Retiree Reimbursement Accounts (RRAs)

LCRA Open Enrollment for 2015 Frequently Asked Questions: Medicare and Retiree Reimbursement Accounts (RRAs) LCRA Open Enrollment for 2015 Frequently Asked Questions: Medicare and Retiree Reimbursement Accounts (RRAs) Medicare Supplement Insurance Plan and Medicare Prescription Drug Plan 1. Do I have to enroll

More information

Post-65 Health Care Changes

Post-65 Health Care Changes Post-65 Health Care Changes AGENDA Reason for change to Health Care Program Eligibility Guidelines Pension Benefit Your top Questions Extend Health Overview Question and Answer Session Fill out evaluations

More information

Retiree Questions from the Conference Calls for Healthcare CenturyLink

Retiree Questions from the Conference Calls for Healthcare CenturyLink Retiree Questions from the Conference Calls for Healthcare CenturyLink Miscellaneous Questions 1. If I have a pre-existing condition, such as Parkinson s, will I have trouble getting insurance? No, not

More information

2016 Retiree Open Enrollment Benefits Briefing Non Medicare

2016 Retiree Open Enrollment Benefits Briefing Non Medicare 2016 Retiree Open Enrollment Benefits Briefing Non Medicare October 28: Bankhead Theater, Livermore October 29: The Grand Theater, Tracy LLNL-PRES-678554 This work was performed under the auspices of the

More information

Guide to the D&B Post-65 Retiree SilverScript Prescription Drug Plan

Guide to the D&B Post-65 Retiree SilverScript Prescription Drug Plan Guide to the D&B Post-65 Retiree SilverScript Prescription Drug Plan What s Inside: Get to Know the D&B Post-65 Retiree SilverScript Prescription Drug Plan...1 Understand These Plan Features...2 Additional

More information

Benefits Enrollment for Dow Corning Retirees. October 2015

Benefits Enrollment for Dow Corning Retirees. October 2015 Benefits Enrollment for Dow Corning Retirees October 2015 Challenges 2 Challenges in Retiree Benefits Costs continue to increase at a rate greater than inflation Government has reduced subsidies to employers

More information

Things you need to know about Medicare.

Things you need to know about Medicare. Things you need to know about Medicare. 1 2 3 1OPTION Original Medicare We re here to help. Approaching 65 is an important milestone in life, and becoming eligible for Medicare is part of that. Whether

More information

OneExchange Enrollment Guide

OneExchange Enrollment Guide Your 2014 OneExchange Enrollment Guide Complete Your Health Insurance Enrollment for Coverage in 2014 Important! Your current group health care coverage ends CoverageEndDate. How to Contact Us After you

More information

Health Savings Accounts & High Deductible Health Plans

Health Savings Accounts & High Deductible Health Plans Health Savings Accounts & High Deductible Health Plans Definitions Consumer Driven Health Plan ( CDHP ) A health insurance plan designed to give you more control over your health care spending. CDHPs incorporate

More information

Medicare Made Clear Answer Guide

Medicare Made Clear Answer Guide Medicare Made Clear Answer Guide Y0066_100820_113217 File & Use 08252010 Medicare can be confusing. How do you find the best options to fit your needs? This guide has some answers that may be helpful.

More information

Managing Your Health Care Costs in Retirement. Plain Talk Library

Managing Your Health Care Costs in Retirement. Plain Talk Library Managing Your Health Care Costs in Retirement Plain Talk Library If you re approaching retirement or you re already retired, you probably have many questions about the financial issues the years to come

More information

Health Care Reform Checklist: Provisions, Obstacles and Solutions

Health Care Reform Checklist: Provisions, Obstacles and Solutions Health Care Reform Checklist: Provisions, Obstacles and Solutions HEALTH CARE REFORM PROVISION: COVERAGE FOR CHILDREN UNTIL AGE 26 Summary of Benefit: Benefits are the same as those for other dependent

More information

How the New Health Care Law Benefits You

How the New Health Care Law Benefits You How the New Health Care Law Benefits You Congress enacted a new health care law which brings a number of benefits to all Americans, including people over 50. Some of these changes you will see this year.

More information

November 11, 2013 through November 22, 2013

November 11, 2013 through November 22, 2013 Dear Georgia Tech Retiree, Open enrollment is the one opportunity provided each year to make changes to your existing benefit coverage. The 2014 benefit open enrollment period will be held November 11,

More information

STATEWIDE BENEFITS OFFICE SPOUSAL COORDINATION OF BENEFITS FREQUENTLY ASKED QUESTIONS

STATEWIDE BENEFITS OFFICE SPOUSAL COORDINATION OF BENEFITS FREQUENTLY ASKED QUESTIONS STATEWIDE BENEFITS OFFICE SPOUSAL COORDINATION OF BENEFITS FREQUENTLY ASKED QUESTIONS Contents: General Policy Information and Claims Processing Questions 1-20 Spousal Coordination of Benefits When Spouse

More information

Getting started with Medicare.

Getting started with Medicare. Getting started with Medicare. Medicare Made Clear TM Get Answers: Medicare Education Look inside to: Understand the difference between Medicare plans Compare plans and choose the right one for you See

More information

I welcome discussion and input from anyone else

I welcome discussion and input from anyone else Peter Hirsch 1 How many have looked at the new IBM ExtendHealth plans? Have you had an appointment and discussion with ExtendHealth? Have you decided on which plans to use for you and your family? The

More information

Finding Your Way With Medicare. Investor Guide

Finding Your Way With Medicare. Investor Guide Finding Your Way With Investor Guide Health Care Costs on the Rise Do you know how much health care will cost during retirement? Health care can be one of the biggest expenses in retirement and one you

More information

Affordable Care Act Employee Education Packet

Affordable Care Act Employee Education Packet Affordable Care Act Employee Education Packet Your Health Plan Options under the Affordable Care Act The Affordable Care Act (ACA) requires that most Americans be covered under a health plan by January

More information

2013 Retiree FAQs Health Savings PPO Medical Plan Option for Pre-Medicare Retirees

2013 Retiree FAQs Health Savings PPO Medical Plan Option for Pre-Medicare Retirees 2013 Retiree FAQs Health Savings PPO Medical Plan Option for Pre-Medicare Retirees Which retirees are eligible for the Health Savings PPO medical plan option? Pre-Medicare retirees are eligible to enroll

More information

OFF TO A FRESH START. ENROLLMENT GUIDE.

OFF TO A FRESH START. ENROLLMENT GUIDE. Let RHA help find the right individual health insurance policy for you. Visit www.rhaexchange.com/dte or call toll-free 1-844-866-8257, Monday through Friday, 9 a.m. 7 p.m. (ET). OFF TO A FRESH START.

More information

YOUR POST-65 RETIREE HEALTH CARE BENEFITS BOOK

YOUR POST-65 RETIREE HEALTH CARE BENEFITS BOOK YOUR POST-65 RETIREE HEALTH CARE BENEFITS BOOK This U.S. Benefits Book describes health care and other benefits effective Jan. 1, 2014 for retirees and their dependents who are age 65 or over. ABOUT THIS

More information

It s Time for Medicare

It s Time for Medicare It s Time for Medicare med-waageinbook-1214 Medicare What you need to know. You re turning 65. Or you re already 65 and getting ready to retire and lose your healthcare coverage. You re almost ready for

More information

Your complimentary Medicare Guidebook

Your complimentary Medicare Guidebook Learn Protect Assess Enroll Your complimentary Medicare Guidebook About this Guidebook If you or someone you care for is new to Medicare or will be soon, this Guidebook will help make Medicare easier to

More information

As of January 1, 2014, most individuals must have some form of health coverage, or pay a penalty to the federal government.

As of January 1, 2014, most individuals must have some form of health coverage, or pay a penalty to the federal government. Consumer Alert Health Insurance for 2014: What You Need to Know Before You Enroll (Individuals) As of January 1, 2014, most individuals must have some form of health coverage, or pay a penalty to the federal

More information

Medicare Supplemental Insurance (Medigap)

Medicare Supplemental Insurance (Medigap) Medicare Supplemental Insurance (Medigap) All Medigap s A through N The available supplemental insurance plans that are offered are lettered plans A-N. Each plan offers a different benefits package and

More information

SHICK Senior Health Insurance Counseling For Kansas. Medicare Options

SHICK Senior Health Insurance Counseling For Kansas. Medicare Options SHICK Senior Health Insurance Counseling For Kansas Medicare Options What is Medicare? Federal health insurance that covers some medical costs if you: Are age 65 or over Are under age 65 with some disabilities

More information

Insurance 101 for Students

Insurance 101 for Students Insurance 101 for Students Health Care in the United States The U.S. does not offer free medical care to the general public Medical care is very expensive Doctor office visit: $150 - $200 Annual asthma

More information

FREQUENTLY ASKED QUESTIONS REGARDING CHANGE TO MEDICARE ADVANTAGE PLAN

FREQUENTLY ASKED QUESTIONS REGARDING CHANGE TO MEDICARE ADVANTAGE PLAN FREQUENTLY ASKED QUESTIONS REGARDING CHANGE TO MEDICARE ADVANTAGE PLAN Q: What company administers the Medicare Advantage plan? A: The Medicare Advantage plan for the year of 2016 will be administered

More information

ESTIMATING YOUR HEALTHCARE COSTS IN RETIREMENT

ESTIMATING YOUR HEALTHCARE COSTS IN RETIREMENT ESTIMATING YOUR HEALTHCARE COSTS IN RETIREMENT Accounting for healthcare costs in your retirement income plan can help create a more secure and comfortable retirement. Healthcare costs are among the top

More information

GEHA 2014. Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 821-6136 geha.com

GEHA 2014. Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 821-6136 geha.com GEHA 2014 Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 821-6136 geha.com CODE Self Only 341 Self + Family 342 Enrollment checklist 1. Research health

More information

Health Matters. A Guide for Medicare-Eligible Healthcare Options. Important health plan information enclosed.

Health Matters. A Guide for Medicare-Eligible Healthcare Options. Important health plan information enclosed. Health Matters A Guide for Medicare-Eligible Healthcare Options Important health plan information enclosed. Why am I receiving this booklet? Brookhaven Science Associates (BSA) has decided to offer SelectQuote

More information

2016 Your. Enrollment Guide. Complete Your Medicare Insurance Enrollment for Coverage in 2016

2016 Your. Enrollment Guide. Complete Your Medicare Insurance Enrollment for Coverage in 2016 2016 Your Enrollment Guide Complete Your Medicare Insurance Enrollment for Coverage in 2016 Important! How to Contact Us Please take a moment to review this guide and learn how Towers Watson s OneExchange

More information

PEBP and OneExchange

PEBP and OneExchange PEBP and OneExchange Complete your OneExchange Enrollment Important! Soon, you will be eligible for Medicare and will have new health insurance options from which to choose. Towers Watson s OneExchange

More information

Getting started with Medicare.

Getting started with Medicare. Getting started with Medicare. Medicare Made Clear TM Get Answers: Medicare Education Look inside to: Understand the difference between Medicare plans Compare plans and choose the right one for you See

More information

High Deductible Health Plan (HDHP) with Health Savings Account (HSA) FREQUENTLY ASKED QUESTIONS

High Deductible Health Plan (HDHP) with Health Savings Account (HSA) FREQUENTLY ASKED QUESTIONS High Deductible Health Plan (HDHP) with Health Savings Account (HSA) FREQUENTLY ASKED QUESTIONS Part I HIGH DEDUCTIBLE HEALTH PLAN (HDHP) Q. What is the HDHP? A. The High Deductible Health Plan (HDHP)

More information

CENTERS FOR MEDICARE & MEDICAID SERVICES. Cost

CENTERS FOR MEDICARE & MEDICAID SERVICES. Cost CENTERS FOR MEDICARE & MEDICAID SERVICES Things to Think about when You Compare Medicare Drug Coverage You have two options to get Medicare coverage for your prescription drugs. If you have Original Medicare,

More information

Your 2015 Health Care Selection Guide Survivor Benefit Applicants

Your 2015 Health Care Selection Guide Survivor Benefit Applicants Your 2015 Health Care Selection Guide Survivor Benefit Applicants 1-888-227-7877 www.strsoh.org Section 1: Welcome This mailing includes the following materials designed to assist you in selecting your

More information

Oklahoma Higher Education Employees Insurance Group (OKHEEI Group)

Oklahoma Higher Education Employees Insurance Group (OKHEEI Group) Oklahoma Higher Education Employees Insurance Group (OKHEEI Group) FAQ (Frequently Asked Questions) Updated 11-20-09 1. What are the UHC (UnitedHealthcare) enrollment plans for the Medicare retirees? There

More information

Section 2: INDIVIDUALS WHO CURRENTLY HAVE

Section 2: INDIVIDUALS WHO CURRENTLY HAVE Section 2: INDIVIDUALS WHO CURRENTLY HAVE COVERAGE OR AN OFFER OF COVERAGE FROM THEIR EMPLOYER Section 2 covers enrollment issues for individuals who have coverage or an offer of coverage whether through

More information

Solutions for Today Flexibility for Tomorrow.

Solutions for Today Flexibility for Tomorrow. Solutions for Today Flexibility for Tomorrow. Medicare Products and Services For More Information call our Senior Care Specialist, Raun Lynch at 856.380.5079 Or visit us on the web at www.cbdi-inc.com

More information

Massachusetts Health Connector logo. The Health Connector: Massachusetts New and Improved Health Insurance Marketplace

Massachusetts Health Connector logo. The Health Connector: Massachusetts New and Improved Health Insurance Marketplace Massachusetts Health Connector logo The Health Connector: Massachusetts New and Improved Health Insurance Marketplace Massachusetts: The model for national health care reform 1 Massachusetts led the nation

More information

A contract that requires your health insurer to pay some or all of your health care costs in exchange for a premium.

A contract that requires your health insurer to pay some or all of your health care costs in exchange for a premium. HEALTH INSURANCE A contract that requires your health insurer to pay some or all of your health care costs in exchange for a premium. HI, I m Kate! I Got Health Insurance! Card Member ID: 0000000000 Group

More information

Understanding Medicare

Understanding Medicare Understanding Medicare When you think about income streams in retirement, Medicare may not initially come to mind. But it is an important part of most retirees "golden years." Medicare covers many health

More information

Saving Money on Medicare Plans

Saving Money on Medicare Plans Saving Money on Medicare Plans Tips for making the most of the Medicare Open Enrollment Period Oct. 15 - Dec. 7 2012. All rights reserved. Longevity Alliance, Inc. does business under the name Longevity

More information