What GE Retirees need to know about saving money OFF the exchange
The recent changes to the GE retiree benefit program are affecting hundreds of thousands of GE employees and retirees – and what they may not know is that getting a second opinion could save them over $1,000 in year one alone.
The General Electric employees and retirees will now have access to the “OneExchange” market to shop Medicare Supplement and/or Prescription Drug Plans, and will be reimburshed $1,000/year by General Electric.
But can you buy a plan off of the exchange? YES.
In order to gain reimbursement, you must only buy a Medicare Supplement OR a Part D Drug Plan – not necessarily both.
The OneExchange is very limited, and does NOT provide a complete picture of the Medicare Supplement Plans available to you. Since Medicare Supplement Plans are standardized, the plan benefits are the same no matter which carrier you go with – but your rates can vary by hundreds (or more) dollars per year.
By working with an Independent Agent, you can secure the lowest cost Medicare Supplement plan, protect your out of pocket exposure to high medical costs, and save yourself thousands over the life of your policy. Our service is free, and we work to put money back into senior’s pockets.
When this similar situation happened to AT&T retiress in 2014, we helped seniors truly shop the market to find the best plans for their needs. All they had to do was purchase a Part D Plan through the exchange, and the reinbursement money was there to pay both premiums.
If you are interested in a second opinion, please call us – we look forward to helping you save the money you deserve.
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Our Agency is built on the idea that people deserve a trusted guide when it comes to the confusing world of insurance. As an Independent Broker, our loyalty is to the customer, not the insurance company. Our goal is to help our customers make informed decisions about their health insurance coverage. We are licensed in almost every state throughout the country.
Medicare has neither reviewed nor endorsed this information. Not connected with or endorsed by the United States government or the federal Medicare program. National Producer Number: 17340811
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