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HPInc. Trap if you have 3-year subsidy due to end next year. From former employees of HP and HPE. Join the HPAA's Benefits Forum Covers topics such as COBRA and retiree health benefits, annual enrollment, and transition to Medicare. (Nov 7, 2022) Question? Email: info@hpalumni.org The MyHPBenefits site and your personalized Coverage Statement incorrectly show the same rate for entire year. One member who asked was given the wrong info by a Benefits Center phone agent. Tip: Ask for a "Retirement Specialist" if you call the Benefits Center. Otherwise, you get agents who are focused on current employee situations. Affordable Care Act, Medicaid, and Covered California. Links and deadlines. hpalumni.org/health-other Member comments from a Benefits Forum discussion...
---- Benefits said to be mindful of the change when you make your choice for Jan 1. Any deductibles will be erased if you change plans at the 3 year mark. We'll have a special 30 day period to make those changes within the HP plans. I am now waiting on the pricing for 2023 where we pay the full cost, they are not cheap. I did receive last year prices, ranging from $758 to $1284 a month. Also discovered the bad news of opting out for our RMSA due to the new IRS rules. I have found less expensive plans thru the ACA when subsidies are in play, but you can't use the RMSA accounts once you get the subsidy! So the plans priced at HP are really not significantly higher in my area, once you pay the full cost for a similar ACA plan. Was not very happy about it, my plan was always to use the RMSA as my gap in medical before I am 65 and can get on medicare. I still will be able to, just be depleting the RMSA faster. I am waiting on a call and email from HP concerning the 2023 price and will pass it on. It's an important piece of data to select a plan for those of us that fall into the EER from 2020 and are Post 2003 retirees not eligible for Medicare. ---- I have called My HP Benefits twice, and received somewhat different answers on details. Based on this, I strongly suggest that you ask for a RETIREMENT/EER SPECIALIST when you call, as they seemed much better informed on the EER- to-regular-retiree situation. From my call with them today, here is my understanding. Please check with them on your own specific situation and take this as input only... 1. Your special, subsidized, price will end at midnight on the 3-year anniversary of your exit date. Many of us [Vancouver Div] exited Feb 14, 2020, so at 11.59 pm this coming Feb 14 , 2023, our plan/special price ends. 2. 30 -60 days before that date, we should receive a letter from HP
notifying us and giving us the cost of medical insurance options if we
want to continue with HP plans. 3. The retirement specialist was absolutely certain that this change
would be a "qualifying life event" and we would be allowed to do open
enrollment again at that time. I.e. We will have cost info for ALL
available plans, and choose ---- They said I should expect to receive it roughly 90 days before the anniversary. ---- I just received my open enrollment packet this past week. The packet and also my online “my benefits summary“ shows the premium has gone up to the non-employee rate. ---- It lasted exactly 24 months for me. I retired at the end of May 2015, and my “employee” health coverage expired at the end of May 2017. A few months before that, HP sent me info on my new options, but I remember trying to get the same info about future cost during the fall 2016 open enrollment time, and it was hard to find. It did come in time to make my decisions. ---- -- ---- However, the agent I talked to was not clear if at that point I could switch plans, i.e. that the cost change would be considered a "life event". I was able to get the non-employee 2023 pricing for the plans I am considering, but it is not easy for the agents on the phone to answer that question. In my case, it required creating a ticket and they emailed me the information once they were able to research it and find it (took a couple of days). BTW, they could tell me the 2022 non-employee pricing for those plans but, in the case of the plans I am considering, the 2023 pricing was higher than the 2022 pricing. ---- Obamacare here I come! ---- Affordable Care Act, Medicaid, and Covered California. Links and deadlines. hpalumni.org/health-other Operated by volunteers. Not officially endorsed or supported. |
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