I received a letter from IBM today, announcing this change, like most of you will/have. More details will be forthcoming. Here's a quote from the letter I received:
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"It’s your choice – consider your alternatives now!
1. Transition to the new Group Medicare Advantage plan options, which are designed exclusively for IBM retiree benefit participants eligible for Medicare. There are two options under the IBM retiree medical plan – the Enhanced Plan and the Essential Plan. Keep in mind that the IBM subsidy is only available when you enroll in one of the new UnitedHealthcare plan options.
OR
2. Remain enrolled in the coverage you have today. If you would like to remain enrolled in your current plans, including those through Via Benefits, you can do so. Please be aware that, if you choose to remain in your current plans, you will no longer be eligible for IBM’s subsidy while enrolled there."
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Note that it says: IF YOU CHOOSE TO REMAIN IN YOUR CURRENT PLANS, YOU WILL NO LONGER BE ELIGIBLE FOR IBM’S SUBSIDY
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So IBM has negotiated a, one size fits all deal with UHC, for all of us that were receiving up to $3K a year, in medical reimbursements.
I called UHC to try and get a bit more detail. Julia said that they expected more information would be be available on their (UHC) website by the end of this month.
Personally, I would be much happier receiving a flat $1,500 a year check for medical expense coverage, rather than being herded into special IBM Medicare Advantage program that is subject to change each year.
:-(
