Nokia to drop Retiree Medical/Dental for most Non-Medicare!

Describe your experiences with your Nokia plan.

Nokia to drop Retiree Medical/Dental for most Non-Medicare!

alancurtis2
Joined: 06 Oct 2016, 03:02

06 Oct 2016, 13:33 #1

Just downloaded an open enrollment information sheet from the Nokia web site.

Interesting that it says that if you are impacted they've already mailed a notice to you. But I was planning on enrolling for 2017, am certainly impacted, and have heard nothing. I wonder if they've accidentally made this live on the web page?

Wish I could upload the whole thing, but here is a cut-n-paste of the bit in question:

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 If you are an Alcatel-Lucent retiree who retired on or after March 1, 1990 and are not Medicare-eligible as of January 1, 2017, or if you are any AGCS or former Alcatel retiree regardless of your retirement date, and are not Medicare-eligible as of January 1, 2017:
– Effective January 1, 2017, Nokia will no longer offer retiree medical and dental coverage to you or any of your dependents, regardless of the Medicare eligibility of your dependents.
– If you are enrolled in retiree medical and/or dental coverage, coverage for you and your dependents will end on December 31, 2016. Retiree medical and/or dental coverage for you and any dependents through COBRA will not be available.
– As a result, you and any dependents might wish to look to other sources for healthcare coverage for 2017 and later.
• For you and any non-Medicare-eligible dependents: Sources include coverage through your or your dependent’s(s’) employer(s) or former employer(s) (if available), the health insurance marketplace in your area and the individual insurance market.
• For any Medicare-eligible dependents: Sources include coverage through their employer(s) or former employer(s) (if available) and Medicare supplemental insurance from an insurance company, broker or other resource that offers Medicare supplement plans. The Affordable Care Act (healthcare reform) does not permit Medicare-eligible individuals to buy health insurance through the health insurance marketplace.
– You may regain eligibility for Nokia-provided retiree medical and dental coverage when you become Medicare-eligible after January 1, 2017. Your Class I dependents may also regain eligibility for Nokia retiree medical and dental coverage when they become Medicare-eligible after January 1, 2017. However, your Class II dependents will never regain eligibility for Nokia retiree medical coverage at any time in the future.
– Your (and your Class I dependents’) qualifications for regaining eligibility for Nokia-provided retiree medical and dental coverage when you (and they) become Medicare-eligible after January 1, 2017 will depend on whether Nokia continues to offer such coverage and on whether you and your Class I dependents meet the eligibility criteria for such coverage at that time.
– Under the 2017 plan design, you will receive an enrollment package approximately three months before you become Medicare-eligible. That will be your opportunity to re-enroll in Nokia retiree medical and/or dental coverage for yourself and your eligible Medicare-eligible dependents. If you are enrolled in Nokia-provided retiree medical and/or dental coverage and your non-Medicare-eligible Class I dependents become eligible for Medicare, you can enroll them in Nokia retiree medical coverage during any annual open enrollment period, for coverage for the following calendar year.
– To learn more about eligible dependents, see the YBR website at http[colon]//resources.hewitt.com/nokia.
Please note: If you and/or your dependents are affected by these changes, a notice providing additional detail has already been mailed to you at your address on file.
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jjtong
Joined: 07 Oct 2016, 20:21

07 Oct 2016, 20:29 #2

I just got mine in the mail today (Oct 7th.)

While I knew this would happen someday, I'm surprised and upset that there was so little notice. Fortunately I just took a job in September that gives me coverage, but it won't be active until Nov. - cutting it kind of close.

And according to the letter we are not eligible for COBRA?
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slk230red
Joined: 08 Oct 2010, 17:44

08 Oct 2016, 14:46 #3

jjtong wrote:I just got mine in the mail today (Oct 7th.)

While I knew this would happen someday, I'm surprised and upset that there was so little notice. Fortunately I just took a job in September that gives me coverage, but it won't be active until Nov. - cutting it kind of close.

And according to the letter we are not eligible for COBRA?
Does this mean if you are not 65 by Jan.1, 2017, you no longer receive retiree health and dental coverage for you and your spouse? I couldn't find the information on the Nokia web site.
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andrewklum
Joined: 09 Oct 2016, 13:02

09 Oct 2016, 13:31 #4

I received my letter yesterday (October 8) and was also surprised by the suddenness of the announcement, lack of warning and how close it was to open enrollment period. I thought there was an ominous caveat within the letter about coverage even after becoming Medicare eligible -- "... you MAY regain eligibility for Nokia retiree medical and dental coverage in the future -- PROVIDED that Nokia continues to offer such coverage and provided you meet the eligibility criteria for such coverage at the time." Given the swiftness with which coverage for non-Medicare retirees was eliminated I have the sense that retiree coverage after Medicare eligibility will soon be a victim to the next round of cost cutting.

Apologies in advance for some skepticism, but it is because of the quote that leads the LRO President's update from a little more than 3 months ago - June, 2016:
“BUSINESS AS USUAL FOR RETIREES” - That is how Nokia Vice President for Benefits John Hickey described the current Nokia environment in a recent teleconference call with your LRO President.
I don't think eliminating medical/dental benefits for non-Medicare eligible retirees should be considered operating in "Business as Usual" mode.

If there is anyone in the group who will become Medicare eligible on January 2, 2017 or in the few months afterwards it would be helpful if they post how their eligibility is handled by Nokia.

To slk230red: The way I interpret the information in the letter, if you are not Medicare eligible (65) by Jan.1, 2017 you and your spouse (Class I dependent) are no longer covered. Probably worth a call to the Nokia Benefits Resource Center on or after October 31. The letter states that the reps "will be unable to answer questions before that date."
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slk230red
Joined: 08 Oct 2010, 17:44

09 Oct 2016, 14:44 #5

andrewklum wrote: If there is anyone in the group who will become Medicare eligible on January 2, 2017 or in the few months afterwards it would be helpful if they post how their eligibility is handled by Nokia.

To slk230red: The way I interpret the information in the letter, if you are not Medicare eligible (65) by Jan.1, 2017 you and your spouse (Class I dependent) are no longer covered. Probably worth a call to the Nokia Benefits Resource Center on or after October 31. The letter states that the reps "will be unable to answer questions before that date."
Andrew, I turned 65 last December and my wife turned 65 last month so I assume we are OK for now. I'll find out tomorrow how much our UHC Medicare Advantage plan will increase for 2017. It really sucks that Nokia is not providing coverage for retirees that won't turn 65 by 1/1/2017.
Yes, I hope those that are affected by this will post how Nokia handled their coverage, or lack of. The rest of us might get the shaft next year.
Good luck everyone.
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lucentretirees
Site Admin
Joined: 27 Dec 2006, 23:00

10 Oct 2016, 17:16 #6

Enrollment Action Document for Pre-Medicare
Nokia has published an enrollment document that explains the elimination of pre-Medicare healthcare for retirees after March 1990. The document is at:
http://www.lucentretirees.com/BenefitsT ... dicare.pdf
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slk230red
Joined: 08 Oct 2010, 17:44

10 Oct 2016, 21:06 #7

lucentretirees wrote:Enrollment Action Document for Pre-Medicare
Nokia has published an enrollment document that explains the elimination of pre-Medicare healthcare for retirees after March 1990. The document is at:
http://www.lucentretirees.com/BenefitsT ... dicare.pdf
OK, now I understand. It only applies to Management retirees, not Represented retirees.
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