IBM Group Medicare Advantage Plans 2023 - Pros & Cons

IBM 2023 Retiree Plan Pros and Cons
For the second time in just a handful of years, IBM is changing its retiree benefit plan.
This time, they are changing to Medicare Advantage Plans. Some have been confused and mislead by the UHC presentation. This video is meant to help you fully understand the Group Advantage Plans Pros & Cons

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The Fortune Article I mentioned: https://fortune.com/2022/10/03/nursing-home-medicare-advantage-plans-elder-care/

Compare Medicare Advantage vs Supplement: https://youtu.be/xw7EiH-5iik

Inspector General Report 2022: https://medigapseminars.org/wp-content/uploads/2022/05/OIG-Report_Medicare_2022-OEI-09-18-00260.pdf
Inspector General Report 2018: https://medigapseminars.org/wp-content/uploads/2022/03/Medicare-Advantage-Appeal-Outcomes-and-Audit-Findings-Raise-Concerns-About-Service-and-Payment-Denials-OEI-09-16-00410-09_18.pdf

Medicare Advocate: https://medigapseminars.org/medicare-advocate-services/

If you are an IBM retiree you have probably already received a notice about their changing retiree plans to a United Healthcare Group Advantage Plan.
A number of our clients are IBM retirees who chose to work with us in years past and have asked my opinion on the new Group Advantage Plan choices. I have read the material and have seen the presentation by United Healthcare, and I believe it certainly deserves some comments and clarifications. That is what I will do with this video.

If you are still using Via Benefits for a supplement, as of January 2023 you are no longer incentivized to use them, so and I am pretty sure we can lower your premiums. The supplement plans they offer are specially priced for those who have chronic health problems need a guaranteed issue plan. If you are not in such poor health that you need a guaranteed issue, you will be pleasantly surprised when you let us compete for your business. There is a link in the upper left corner and video summary below to contact us. Our services are free to the consumer.
A dose of reality here: IBM retirees who went with Via Benefits years ago because they were told that is what they have to do to get the IBM subsidy, now are forced to make a change or lose the IBM subsidy. They are in overpriced supplement plans and have now lost a subsidy that at least reduced the cost somewhat.
In the first line they state that the plans have combined features of a Medicare supplement, Part D and Medicare Advantage Plans. This is the first of a series of comments that led people I have talked with to believe this is some enhanced Medicare Advantage Plan. It’s not. By the way, all Medicare Advantage plans are custom designed. Some are custom designed for your area, some for a specific group, like these.
The plans being shown for 2023 are Medicare Advantage Prescription Drug plans. They are nothing more than a Medicare Advantage PPO with a bundled Part D plan. I have looked at all the material provided, including the Summary of Benefits and cannot find any specific feature of a Medicare supplement within these plans. None.

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