Premiums

The Affordable Care Act has created has created health care exchanges prncipally for pre-Medicare retirees. Alcatel-Lucent has suggested pre medicare retirees consider enrolling in a health care echange. Share your experiences, including premiums and subsidies, if any, with others.

Premiums

jee000
Joined: 16 Dec 2009, 16:18

25 Sep 2013, 17:19 #1

We live in NJ. We both retired in 2001 (5&5 and involuntary) from Lucent. I am 60 and my husband is 63. Although we started off in 2001 paying no premiums we now will be paying $511 EACH for the UHC Standard POS with dental ( over $12,260 per year together). That is a 23% increase over our premiums for the same plans last year. We are not complaining but are very aware of how these premiums are eating into our pensions. Just thought you would like to have a point of reference.

BTW if we went into the Obamacare exchange we would be paying over $1400 per month for a similar plan (we think but there are no details as to what is covered by each option and carrier). Because we are considered rich by Wash. D.C. standards, because we have over $63000 in income, we cannot get any subsidies. Just saying.
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lucentretirees
Site Admin
Joined: 27 Dec 2006, 23:00

27 Sep 2013, 07:07 #2

Healthcare.gov is the ACA Marketplace web site. It says plan info is coming Oct. 1.
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edz300
Joined: 14 Oct 2013, 14:17

14 Oct 2013, 16:21 #3

In re: to jee000, I am more than outraged by the increase in Premiums by United Heathcare. $96 / month increase in 2012 for 2013 calendar year and another $95 / month premium increase in 2013 for 2014. That's nearly a $2400 premium increase in effectively one year's time, which brings my total out-of-pocket to $6000 in health care premium as a single person under age 65, who also took the 2001 retirement package. You know the question has to be, what of an investigation into why UHC is hiking premiums 20+ % per year. From 2011 to 2013 that a 40% increase. And of course as with jee000 I'm still working and make an income that will not qualify me for gov't sponsored health care with a subsidy.

Accessing the healthcare.gov site is a total no-op. I've attempted account creation 3 times AND called representatives twice. They can't help to login. The phone line rep took all my information yet a response from them via email still doesn't provide me login access to review my options at the information at the gov't site. Many calls and chat sessions provided me literally nothing but apologies for issues with the system. Therefore I don't know I'll get to make a decision on the gov't plan by the Friday UHC deadline. Another thing the gov't didn't take into consideration that company sponsored insurance plans have a deadline much sooner than the gov'ts.

Someone in the LRO should be asking questions of either Lucent or UHC. Complaining, I certainly am in the acceptance of these premiums without any reasonable explanation. Last year's increase would be tolerable (though it wasn't at the time) if we didn't see the same this year. Now it's simply outrageous. One can't help but think UHC is taking advantage of the new health care law.

I am investigating alternatives to be certain. As jee000 mentioned, the "affordable" plans by the gov't, appear not to be. And again, no subsidies if a person makes a reasonable wage.
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lucentretirees
Site Admin
Joined: 27 Dec 2006, 23:00

14 Oct 2013, 21:19 #4

In a posting at http://board.thelro.org/viewtopic.php?f=97&t=458, one retiree indicates the ACA plans have offered a savings, apparently without receiving a subsidy. We understand that A-L supports ther LRO newsletter message (which should include pre-Medicare benefits - originally it was expected there would be more than 2 weeks to "shop" alternatives))
"Because of the short time between the beginning of Medicare enrollment (Oct 15 and the end of the A-L enrollment (Oct 18), you will need to schedule your time carefully to compare offerings. Note that you can sign up for A-L, then consider commercial Medicare offerings through Dec 1, and if you choose, cancel the A-L sign-up and select a commercial insurance plan."
> Check with the Benefits Help Line that if you sign up with A-L for pre-Medicare insurance before Oct.18, you can cancel it without penalty if you can find ACA insurance with better benefits.
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jee000
Joined: 16 Dec 2009, 16:18

20 Oct 2013, 21:00 #5

Alcatel Lucent is self insured therefore ALU sets the premiums, not UHC. UHC only does the administration--ALU pays the doctors and the hospitals out of their pockets (AND OURS).
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