J&J medical insurance after retirement

Discussion in 'Johnson & Johnson' started by Savage warrior, Jan 12, 2017 at 10:00 PM.

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  1. anonymous

    anonymous Guest

    #19; I take two generic scripts for a minimal co-pay. As a retiree, that is all I pay the minimal co-pay.
     

  2. anonymous

    anonymous Guest

    #17 The retiree medical (a supplemental/secondary) is United Healthcare/Medicare Solutions. The amount one pays might be tied to number of employment years for the lowest cost which is no where near your quote.
     
  3. anonymous

    anonymous Guest

    I retired and purchased a supplemental plan for less than JnJ wanted to charge me. My number is 75 and I doubt many working today could ever reach that number. The bottom line is this is a scam, like most of JnJ.
     
  4. anonymous

    anonymous Guest

    That's very interesting; what was the plan? Everyone tells me the United Medicare we have pays for the most procedures including eyes, etc. It has worked out great for me and I was over 75 with age and number of years of service.
     
  5. anonymous

    anonymous Guest

    $165 vs $328? Hmmm. Let me think. JnJ fucks you over from day one until you go to the hole.
     
  6. anonymous

    anonymous Guest

    As a long term employee in my mid 50's I am not counting on much in terms of a pension or cheap health insurance from JNJ when I retire. Whatever the numbers appear to be right now I don't even consider them. I've seen this company do its best to screw the masses at every opportunity. I advise others to do the same, if those benefits are there when you retire, consider it a gift, but don't count on anything other than what is known, your 401k, house equity, other savings.
     
  7. anonymous

    anonymous Guest

    senior mgt probably gets a better package each time they cut ours. they have "incentive"
     
  8. anonymous

    anonymous Guest

    Nonsense; if you retire at 55 plus you get medical until medicare and the price is fair; it was $1,200 a year for a single a year ago. Medicare will be more when you retire as it is based on your earned income. This is for reps and no senior managers. You will get the pension you are entitled to.
     
  9. anonymous

    anonymous Guest

    I was in the Medicare advantage for 2 months then dropped it and switched to original Medicare plus a Medigap supplement and a Part D plan. The Medicare Advantage wasn't so bad but you have to get prior authorization and some doctors won't deal with it even though it pays Medicare rates. It was about 100 a month for me while I pay about 210 for the supplement and drug plan. But I am free !!!. You will get enrolled by the company into MA as soon as you sign up for Medicare without giving permission or even knowing until you get a letter that you are in it (they have some contractor who monitors your enrollment somehow). Very dangerous is that you only have until 3 months after age 65 to switch to a supplement without underwriting. Otherwise you are stuck possibly forever and if the network isn't great down the road, though luck. J&J retires can afford an extra 100 or so a month to have complete freedom. I think it is a disgrace that J&J switched to MA to save money.
     
  10. anonymous

    anonymous Guest

    Edit...I was in for 3 months and got out just under the wire.
     
  11. anonymous

    anonymous Guest

    I have the United Healthcare Medicare Solutions and it is better than traditional Medicare as it pays for more exams, shots, etc. than traditional. And I am retired several years and I never need a prior authorization on anything. It is reasonably priced.
     
  12. anonymous

    anonymous Guest

    I have an option for retiree medical with 2 companies. My first company provides me with $2700 to buy retiree medical through a health exchange. With that I can get a medigap plan that covers 100% medical and a script plan that is "typical". The $2700 is guaranteed through 2023. With J&J I get UHC Med Adv for $90 a month with $150 deductible, $3000 OOP and a 10% co-pay. The script plan with J&J covers J&J drugs at 100% and each script by other manufacturers is capped at $125 for a 90 day supply which is quite good.

    At first glance it looks like I should take the $2700 option, but I'm concerned about unforeseen script costs if I go with that plan (I had cancer about 10 years ago and all is good now thank goodness, but if another issue I would probably need to go on an expensive drug). Your thoughts?
     
  13. anonymous

    anonymous Guest

    If you previously had cancer, go with best coverage regardless of short-term monthly cost. Nothing is ever guaranteed except death and taxes. The $2700 could double in any January and the coverage could go down, but so could the cost or coverage on the J&J plan. J&J retiree medical coverage cost changed in 2016, and will eventually happen again. The $2,700 option might be an enticement for new coverage. Go with the most conservative and predictable option based on current information. Disregard cost as short-term lower premiums could cost you a fortune in the future if your health changes. You normally get what you pay for. The $2,700 company could always terminate your coverage if the mood strikes them.
     
  14. anonymous

    anonymous Guest

    Thanks for your thoughts. I plan on sticking with the J&J option since I'm really concerned about potentially excessive script costs with the other company's option. I can deal with the OOP medical max of $3000 with J&J since the script costs are somewhat controlled. The $2700 stipend from the other company ties in with a union contract negotiation which comes up again in 2023.
     
  15. anonymous

    anonymous Guest

    To all those who are currently enrolled in the J&J Retiree medical plan and all those still eligible upon reaching retirement age of 55: The J&J plan and point system for purchasing this plan was designed with the deliberate intention of raising the costs significantly each year to provide and incentive and "push" people into the exchange programs on the open market. J&J grandfathered those employed and still eligible for retiree medical plan fearing the backlash if they discontinued the program for those employed. But make no mistake about it, like other companies that did away with this expensive benefit, J&J is also driven to reduce this cost and eliminate it completely. Watch for the rise in premiums for this benefit and compare the costs and coverage to what is available on the open market. You will often find better coverage and at a more reasonable cost.
     
  16. anonymous

    anonymous Guest

     
  17. anonymous

    anonymous Guest

    Any ideas would be appreciated ...

    J&J was notified about 2 weeks ago to terminate my retiree medicare advantage and part D script plans since I want to move to a non J&J sponsored medigap and part D plan in 2020.

    The benefits website correctly indicates that I have no retiree medical and script plans for 2020. Additionally, both the med advantage and part D providers correctly sent me letters indicating that they will drop coverage at the end of 2019.

    Based upon this, I enrolled in both a new medigap plan and script plan for 2020. Problem is that J&J re-enrolled me on their medicare advantage plan and script plan for 2020. This resulted with Medicare cancelling my new script plan and my medigap plan I'm afraid will be cancelled soon as well.

    I contacted J&J benefits last week and they indicated the are "investigating". I don't see a sense of urgency with their actions and my open enrollment ends on Dec 7. I asked for a J&J contact to no avail.

    Any thoughts?
     
  18. anonymous

    anonymous Guest


    I know this may be obvious but it would be a good idea to contact Medicare and provide them with whatever cancellation documents you have. JNJ HR and Medicare both lack in administrative skills so you'll need to increase your odds by contacting both organizations.
     
  19. anonymous

    anonymous Guest

    I did exactly what you recommended. Medicare folks said that the J&J retiree benefits can only be canceled by J&J since they are company sponsored. The J&J benefit folks are "investigating". Find it hard to believe that they have challenges canceling insurance. Hopefully, I do not need to go to some lawyer ...
     
  20. anonymous

    anonymous Guest

    I am a JNJ retiree over 65. I pay the regular medicare subscription part B and D and also pay $82 per month for UHC medicare solutions, which is the medicare advantage offered by JNJ. I don’t know if this is reasonable or not. I know there are other medicare advantage plans in the market that do not charge anything extra. Any JNJ retiree over 65 Can address this? Thanks.