2017 rc insurance presentation to rcrvat … rcrv presenters don grimm harlan hanson joe wells james...
TRANSCRIPT
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Welcome to RCRV’s presentation of Rockwell Collins Insurance
Programs available to RC retirees for 2017
10/4/2016
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RCRV Presenters
� Don Grimm
� Harlan Hanson
� Joe Wells
� James Wolfe
RCRV SHIIP Counselors for the Senior Health Insurance Information Program of the State of Iowa Insurance Division
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Thank You� RCRV
� St Luke’s Hospital & Angela Berns for the handouts.
� Rockwell Collins for providing our meeting room and Martha Vitti for joining us from the Retirement Service Center in Irvine, CA
� Dwight Turner, Willis Towers Watson OneExchange for joining us today. If you have questions for OneExchange, then speak to Dwight at the break.
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Disclaimer
� We do not make decisions for Rockwell Collins (RC), we are here to present information only
� We will not discuss Rockwell Collins Policies or Government Health Care Policy issues
� Please hold all questions until the end
� Save personal questions for one-on-one discussions with a counselor at the end of the presentations
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What Is SHIIP?
• Part of the State of Iowa Insurance Division
• Answers questions and provides assistance
• Doesn’t recommend or endorse specific companies, products or agents
Objective Information Source
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Rockwell Collins Medicare Insurance Program
� Rockwell Collins (RC) has partnered with Willis Towers Watson’s OneExchange to provide information and enrollment for Medicare-eligible retirees and spouses
� RC will continue to provide up to $669 for each eligible retiree and their eligible spouse (based on years of service with RC)
� You will receive these funds in a Health Reimbursement Arrangement (HRA) administered by OneExchange on or about Jan 1, 2017
� You can be reimbursed for your premiums only by submitting claims to OneExchange
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Who is OneExchange?
� Willis Towers Watson’s OneExchange is the largest private Medicare exchange in the industry
� They have over 1500 insurance agents, located in TX, UT, and AZ who will work with you to enroll you in a plan of your choice
� Insurance Questions--contact OneExchange at 1-866-249-9924, or visit www.medicare.oneExchange.com/rockwellcollins
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OneExchange 2017 Offerings
� Handouts have 2016 data as info not avail at time of printing.
� 13 Part D plans from several carriers are being offered by OneExchange. Premiums range from $17.00 to $88.50 per month. (22 Plans are available in Linn County thru Medicare.gov)
� 5 Medicare Advantage with Prescription Drugs plans by 3 carriers and 1 Medicare Advantage without drugs are being offered by OneExchange. 3 HMOs from $0 to $36 per month and 2 PPOs with drugs from $0 to $51 per month and one PPO plan without drugs at $0). This data as
of 10/1/16 at 1 PM.
� See OneExchange’s website for further detail on above products. The above information is for Linn County. Other counties may have more or less plans available
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OneExchange 2017 OfferingsContinued
� Supplements are offered by OneExchange. You will have a choice of 20 Plans, A, C, F, High Deductible F, G, K, L, M or N. See OneExchange website for details.
� If you find a more economical drug plan than offered by OneExchange (and have signed up for a medical plan with OneExchange), you may sign up for a drug plan yourself, or through SHIIP or an agent of your choice and still collect your HRA. However, it is always advised to make changes through OneExchange.
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Enrollment Period
� Medicare Open Enrollment is from 10/15/2016 through 12/7/2016
� 2016 information was available on Oct. 1, 2016 at www.medicare.gov or www.Medicare.oneexchange.com/rockwellcollins for programs available through OneExchange
� You must enroll in at least one program through OneExchange, or the HRA will not be available to you now or in the future
� If you are turning 65 and have under-65 dependents, you must enroll prior to the month of your birthday or risk the chance of having your dependent’s insurance canceled by RC. See current contract info in future cell
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If You Want To Stay With Your Current Provider
� If you are already enrolled in a plan through OneExchange and wish to continue that plan, you don’t need to do anything
� We still recommend you review your drug programs. Many retirees can get a more economical drug program if they just look!
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Health Reimbursement Arrangement (HRA)
� RC will provide a HRA for each Medicare recipient (you and your eligible spouse) if enrolled through OneExchange
� You will get this money by providing a claim form to OneExchange for each premium paid along with proof of payment. Use the recurring form for monthly reimbursements for your Part B premium or you can apply online for your moneys
� HRA funds can only be used for reimbursement of premiums, not for copays or other medical costs
� Put both retiree and spouse on one recurring claim forms. Retiree info must be on the top of the form!
� Reminder: if you enroll in coverage outside of OneExchange, you will lose your HRA
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HRA Info (cont)
� Your Medicare Part B premiums ($104.90 for 2016 if on Medicare prior to 1/1/2016 otherwise a new Medicare client will pay $121.80 per month for 2016) can be reimbursed from the HRA up to the HRA value. Proof of payment can come from one of the following documents sent to you by Social Security:
� Statement you will receive in Dec of 2016 showing benefits and deductions for the coming year, 2017
� SA-1099 you will receive in January 2018 for your 2017 income tax records
� If your eligible spouse does not use all the money in his or her HRA, you can claim your eligible spouse’s unused portion
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HRA Info (cont)� No carry over. You must claim all your HRA for 2017 (claims will
be accepted through 3/31/2018) or you will lose it. (For 2016 dollars, you must claim by 3/31/2017)
� You must enroll in either a Medigap, Medicare Advantage or Part D Drug Plan through OneExchange to be eligible for the HRA
� If you had 25 years (or more) with RC, you will receive $669 each for you and your spouse (if applicable)
� If you had less than 25 years with RC you will receive notification of your HRA amount at the time you retire and a balance indicator as you receive funds from your HRA
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Filling out the OneExchange Recurring Premium Reimbursement form (instructions on back):
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New Address for HRA Claims
� Form in packet has old address
� New address:
� PAYFLEX SYSTEMS USA, INC
� PO BOX 981156
� EL PASO, TX 79998-1156
� Recent mailing contained new address
� FAX Number has changed to 1-844-930-0236
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Example SSA “Proof of Income Letter”Send with HRA Reimbursement Application
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Bargaining Unit Insurance current contract
� If you retired under the current contract:
� When you turn 65, you must sign up for Medicare Parts A and B. You must also sign up for a supplement, MA plan and/or drug plan as wellthrough OneExchange to be eligible for your HRA with an effectivity the same as your Medicare
� If you retired during the current contract and do not reach age 65 until 2019, then you are covered until 12/31/2018 by your contract.
� If you or your spouse are under 65 and not Medicare-eligible in 2016, then call Family Medical Care Plan (FMCP) directly at 1-877-937-9602.
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Bargaining Unit Insurance prior contract (ended on 5/1/13)
� If you retired under prior contract that expired in May of 2013, and are Medicare-eligible, you must follow the same One Exchange/HRA program as non-bargaining unit retirees.
� If you are under 65, then you will be offered the same plan that active BU employees are offered, Family Medical Care Plan (FMCP)
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Rockwell Collins Insurance for Under 65 Retirees
(Non Bargaining unit only)
� RC will offer a health plan, Consumer-Driven Health Plan (CDHP), that is administered by Wellmark BCBS
� This is a high deductible health plan which is eligible for a Health Savings Account (HSA)
� HSA contributions must be made after-tax and claimed on your next year’s taxes. You can’t contribute if you are also covered by Medicare
� Letters will be sent out Oct 28, 2016 defining RC’s offering.
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Pre-65 Retirees As of January 1, 2017
Full time annual 2017 2017 2017 2017
salary at time of Single Family Single Family
Retirement Deductible Deductible OOPM OOPM
Under $50K $2,000 $3,500 $3,500 $7,000
$50K - $75K $2,500 $4,500 $4,500 $9,000
$75K- $100K $3,000 $5,500 $5,500 $11,000
Over $100k $3,500 $6,550 $6,550 $13,100
Coinsurance is 20% Retiree / 80% Rockwell Collins after deductible is met.
2017 Monthly Premiums*
Single $186
Family $372
*Applies to retirees with 25 or more years
of Vested service.
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Split Families(One Spouse under 65, the other on Medicare)
� People on Medicare will need to select a program through OneExchange (no action required if you want the same Medicare plan from OneExchange in 2017 that you had in 2016)
� Folks under 65 will have the CDHP plan administered by Wellmark BCBS
� 4 months prior to your 65th birthday, you will get a package from OneExchange. You must enroll in a plan with the same effective date as your Medicare effective date or risk not having insurance for your dependents and you will not receive a HRA.
� You must have your spouse covered under the RC plan if you want coverage for other dependents. If you and your spouse are both Medicare eligible, then RC insurance will not be offered to the remaining dependents
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RC Retiree Death Benefits
� If you retired prior to Jan 1, 1996, then contact Boeing benefits at 1-866-473-2016
� If you retired after Dec 31, 1995, then contact Rockwell Collins Benefits at 1-800-236-3071
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New location for 2017 Seminars
� Kirkwood has sold this facility so next year, we will hold these seminars in a new location yet unknown.
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Medicare Info
� From this point forward, we will be reviewing Medicare requirements for folks just going on Medicare within the next year. It is a good review for the rest of you already on Medicare and you are welcome to stay.
� Ask questions now for first part of the briefing
� If you want to leave, this would be a good time to do so. We will take a small break at this time. Be back in 15 minutes. Thank you.
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People Turning 65 in 2017
� Rockwell Collins retirees turning 65 will receive a package from OneExchange 4 months prior to their birthday. To preserve your eligibility for the RC HRA you must sign up for a medical or drug insurance plan through OneExchange prior to your birthday.
� Your plan must take effect on the same date as your Medicare effective date
� If not, you may lose your RC insurance for your dependents who are not yet 65. You may also lose the HRA for both yourself and your spouse now and in the future years.
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MEDICARE - Who Is Eligible?
Must be a U.S. citizen or permanent resident for 5 years
MEDICARE
Age 65
and older Disability ALS
End-Stage Renal
Disease
Medicare Health Insurance
Part AHospital
Insurance
Part B Medical
Insurance
MEDICARE
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Enrolling in Medicare Part A
For people who have 40 work quarters of credit, i.e., for whom Part A is free
� Enrollment is automatic if drawing Social Security benefits
� No penalty for delaying Part A if it is free. You can enroll during Initial Enrollment Period or later
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Enrolling in Medicare Part B
� Initial Enrollment Period7 months, beginning 3 months before age 65
(Enrollment automatic if drawing SSA)
� General Enrollment Period� January 1 through March 31 each year� Coverage effective July 1� Premium increases 10% for each 12-month
period you were eligible but did not enroll� Pay this penalty as long as you have Part B
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Cost Of Enrolling In Medicare Part B for 2017
� Everyone currently on Medicare pays for Part B -$104.90 per month in 2016.
� Folks new to Medicare and those enrolled in Medicare in 2015 but not drawing Social Security pay $121.80 per month in 2016. These may go up in 2017 announcement in late fall.
� People with higher incomes pay more if their income is above:
• $85,000 individual
• $170,000 couple filing joint return
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Medicare-EligibleRetired & No Working Spouse
� Medicare is your primary coverage.
� Need to enroll in Medicare Part A and Part B.
� Enrolling in Part B later can result in higher premium and a wait before getting coverage.
All Rockwell Collins Retirees at age 65 must enroll in Part A and B unless your spouse is working and you are covered on their insurance
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Medicare-Eligible and
You or Your Spouse Works
� Can continue on employer plan � Employer’s plan remains primary to
Medicare� Employer can’t offer alternatives� Don’t need to enroll in Medicare Part A or B� Can enroll in Part B when worker retires @
regular premium & no delay in coverage� If contributing to a HSA then do not sign up
for Medicare Parts A or B
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Forms to enroll in Part B
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Part B for Worker or SpouseSpecial Enrollment Period
� For worker or spouse with Medicare
� Up to 8 months after worker retires. (Rockwell Collins Retirees
must have insurance through OneExchange with same effective date as your Medicare effective coverage to get HRA and to keep insurance for your under age 65 dependents)
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Get Help Paying For Part B Premium
Medicare Savings Program – SLMBPays Medicare Premium
� Income below: • $1357 per month individual • $1823 per month couple
� Resources below: • $7280 individual• $10930 couple
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Medicare Savings Programs
Qualified Medicare Beneficiary (QMB)• Pays Medicare premium(s), deductibles & coinsurance
• Income Limits: • $1010 per month – individual • $1355 per month – couple
• Resource Limits: • $7280 – individual • $10,930 – couple
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You might want to delay Part A if
You are working or covered by a working spouse and
the employer plan is a qualified high deductible plan and you have a Health Savings Account (HSA--Rockwell Collins plans qualify)
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Your Medicare Coverage Choices
Original Medicare Medicare Advantage
Part C
Part A Hospital InsurancePart B Medical Insurance
Supplemental Coverage
Prescription Drug Coverage – Part D
Combines Part A & Part B
May include Prescription Drug Coverage – Part D
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Medicare Part A
Home Health Care
Hospital Insurance
SkilledNursing Facility
Inpatient Hospital
Hospice
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Medicare Part B$104.90 per Month (2016) or $121.80 per
month if new to Medicare in 2016
Other
Services &
Supplies
Doctor
ServicesOutpatientHospital & Emergency
Room
Home
Health
Care
Medical Insurance
Durable
MedicalEquipment
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How Do I Pay The Part B Premium?
If you are drawing benefits, the premium is taken out of your monthly payment:
� Social Security
If you are not drawing benefits, you will be billed every 3 months
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Covered Preventive Services
• Welcome to Medicare preventive visit
• Annual wellness visit
• Abdominal aortic aneurysm screening
• Alcohol misuse counseling
• Bone mass measurement
• Cardiovascular screenings
• Colorectal cancer screenings
• Depression screening
• Diabetes screening
• Flu shots, pneumococcal shots & Hepatitis B shots
• Glaucoma tests• Hepatitis C screening • Lung cancer screening• Mammograms (screening)• Obesity screening &
counseling• Pap test/pelvic exam/clinical
breast exam• Prostate cancer screening• Smoking cessation
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Medicare Supplement Insurance
• Health insurance policies sold by private insurance companies
• Also called “Medigap”• Cover “gaps” in Original Medicare Plan • 10 standardized policies • Plans A, B, C, D, F, G, K, L, M, N
• Guaranteed renewable • One Exchange has Plans A, C, D, F, F High
Deductible, G K, L, M, and N available only
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Medicare Part DAvailable to all people on Medicare
� Enrolled in Part A and/or Part B
� Includes those on Medicare due to disability
� Don’t need part D if covered by current bargaining unit contract plan until 1/1/19 then must have signed up for a Part D PDP (Prescription Drug Plan)
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Initial Enrollment Period (IEP)
New Medicare Beneficiary – can join a drug plan any time during the 7-month period surrounding their Medicare eligibility (Bargaining unit folks must have Medicare A and B effective at time of their normal Medicare Effectivity)
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Annual Election PeriodOctober 15 – December 7
During the Annual Election Period you can:
� Change prescription drug plans
� Enroll in a drug plan for the first time
� Drop Medicare drug coverage
� Enroll in a Medicare Advantage plan
� Change Medicare Advantage plans
� Disenroll from a Medicare Advantage plan or
� Keep your current coverage
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Monthly MedicarePart D Premiums
� Income above:
$85,000 individual and
$170,000 joint –
you will pay a higher premium
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Late Enrollment Penalty
� Assessed 1% of base premium* for every month you were eligible to enroll in Medicare’s prescription drug coverage and did not enroll.
� Pay penalty for your lifetime
Example: Did not enroll in 2006-your penalty would be 115 months X 1% or 115% X $34.10 per month in penalty or $39.22 per month penalty (penalty goes up each year if National average goes up)
* $34.10 in 201649
Standard Benefit-What You Pay
Deductible Initial Coverage Coverage Gap(Donut Hole)
Catastrophic Coverage
Up to $360 Up to $3310total cost
Up to $4850out-of-pocket
costs
Through the endof the year
Understanding drug coverage stages
What Is “Creditable Coverage” ?
� Drug coverage that is as good as or better than a Medicare prescription drug plan
� Includes:
• VA drug benefits
• Tricare for Life
• Some employer or retiree coverage
• Indian Health Services
• Will receive letter from Employer by Oct 15 that their coverage is as good as or better than Medicare coverage.
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Comparing Part D Plans
• Premium
• Deductible
• Formulary – the drugs that are covered
• Restrictions on your medications
• Out of pocket costs at pharmacy
• Coverage in the Gap
• Pharmacy network (national availability?)
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How do you compare plans?
Information is Online
www.medicare.gov
SHIIP can help you compare plans!
Phone numbers later in presentation53
Plan Finder
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Medicare Advantage(Part C)
Medicare Advantage Plan
Dr. A
$$
$$
$
$
$
Dr. B Lab
Hospital
Home
Health
Agency
Ambulance
Service Drugs
Medicare $
Other
Insurance 55
Medicare Advantage - Eligibility
� Have Medicare Parts A & B
� Do not have end-stage renal disease
� Live in service area (county-specific)
� Covers people on Medicare because of disability
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Medicare Advantage - A Private Solution
• Medicare contracts with a private company on an annual basis.
• Contracts require that plans provide Medicare Part A & B services.
• The plan handles claims.
• You receive services and make payments based on the private plan’s rules.
• The plan may offer extra coverages – dental, vision, health club membership
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Medicare AdvantageOut-of-Pocket Costs
� Must still pay Part B premium
� May pay additional monthly premium
� Pay other out-of-pocket costs
� Different from Original Medicare Plan
� Vary from plan to plan
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“Trying Out” A Medicare Advantage Plan
• If you enroll in a Medicare Advantage plan when you first enroll in Medicare part B at age 65
AND
• You disenroll from the Medicare Advantage plan within 12 months
THEN
• You will be able to get a Medicare Supplement without answering health questions
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Medicare AdvantageAnnual Contracts
� Contract year is January 1 through December 31
� The plan can be renewed, changedor terminated on an annual basis
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Medicare AdvantageTypes of Plans
� HMO-Health Maintenance Organization
� PPO-Preferred Provider Organization
� Private Fee For Service
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Medicare HMO
Check that your providers will accept the plan.
� Generally must get care and services from plan’s network
� May have to pay full cost of care outside of plan’s network
� May need to choose primary care doctor
� Need referral to see a specialist
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Medicare PPO
� Can see any doctor or provider
that accepts Medicare
� Don’t need referral to see specialist
� Don’t need referral to see out-of-network provider
� Copayment amounts set by plan
� Will usually pay more for out-of-network care
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Medicare PPO
• There are in-network and out-of-network providers.
• Co-payments are set by the plan.
• Usually higher for out-of-network care
• You don’t need a referral to see an out-of-network provider.
• An out-of-network provider does not have to accept your PPO plan.
• You don’t need a referral to see a specialist.
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Initial Enrollment Period
New Medicare Beneficiary –
Can join a Medicare Advantage plan any time during the 7-month period surrounding their Medicare eligibility.
If you are a RC retiree you must enroll through OneExchange with a plan effective on the same date as your Medicare effective date or you will not get the HRA and if you have dependents under age 65, they may have their insurance with RC cancelled.
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Open Enrollment Period
� October 15 – December 7
� Can choose new plan
� Medicare Advantage Plan*
� Medicare Prescription Drug Plan
� Original Medicare Plan
� New plan starts January 1
* You can switch from a MA plan to a supplement within the first year provided you signed up for the MA plan when you first turned 65.
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Medicare Advantage Disenrollment Period
� January 1 – February 14 each year
� Can return to original Medicare
� Can enroll in a stand alone
Part D drug plan
� Change effective first day of following month
Again, these changes must be done through OneExchange
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Key Questions when Shopping for MA Plans
� Will my doctors, hospital and other medical providers accept payment from the MA plan?
� What are the deductibles, co-payments or coinsurance for the benefits I’m most likely to use?
� What is the annual out-of-pocket maximum?
� What is the premium?
� Do I live in the service area for the plan?
� Does the plan include prescription drug coverage?
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If I have Medicare, do I need to do anything about the Health Insurance Marketplace?
• Medicare isn’t part of the Marketplace
• If you have Medicare, you are covered and don’t need a Marketplace plan
If you have a Marketplace plan before you enroll in Medicare:
• Cancel your Marketplace plan when Medicare begins
• Any premium tax credit and reduced cost-sharing will end when Medicare starts
Health Insurance Marketplace
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New Address for HRA Claims
� Form in packet has old address
� New address:
� PAYFLEX SYSTEMS USA, INC
� PO BOX 981156
� EL PASO, TX 79998-1156
� Recent mailing contained new address
� FAX Number has changed to 1-844-930-0236
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For AssistanceCall for appointments
� Willis Towers Watson’s OneExchange 1-866-249-9924
� UnityPoint Health St Luke’s Hospital SHIIP 319-369-7475
� Heritage AAA SHIIP 319-398-5559, X5150 or 1-800-332-5934
� Mercy Medical Center SHIIP 319-861-7887
� Meth-Wick SHIIP 319-297-8646 (Meth-Wick Residents only)
� Jones County RSVP/SHIIP 319-560-0811
� SHIIP Office, Des Moines 1-800-351-4664
� Rockwell Collins Retirement Dept. 1-800-236-3071
� Family Medical Care Plan (FMCP) 1-877-937-9602
� Medicare Office 1-800-MED-ICAR(E) (1-800-623-2277)
� HRA FAX number 1-844-930-0236
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Thank you for Coming
� Any Questions
� After group questions, we have several SHIIP Counselors as well as Rockwell Collins and OneExchange representatives situated around the room who will answer your questions one-on-one
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