Inaugurating in 2015, qualified AT&T Medicare retirees paired with their Medicare- eligible dependents have been able to enroll in health care through the Aon Retiree Health Exchange (Exchange). The Exchange gives its participants access to a varying selection of insured medical, prescription drug, dental, and vision plans so folks can select the coverage that fits their needs and wants most sufficiently.
Through our sustained support of retirees, qualified participants will continue to be credited a Health Reimbursement Account (HRA). For those who enroll in the exchange, the HRA can be utilized to help pay for individual insurance coverage and eligible out-of-pocket expenses.
Overall, the Exchange plans have been positive and we have been able to sustain HRA crediting amounts through 2023. After 2023, it has been determined that future changes in HRA crediting amounts, it there will be some, will be constructed on various factors such as business conditions, government actions, market place changes and the general consumer inflation rate.
Your 2019-2023 Exchange enrollment options under the AT&T Medicare-Eligible HRA Program.
The HRA credit available depends on the type of qualifying coverage bought through the Exchange.
Here’s how it breaks down:
– If Medical and/or Prescription Drug Coverage are purchased through the Exchange*
– Eligible Retiree – $2,700
– Eligible Dependent of Retiree – $1,500
If only Dental and/or Vision Coverage are purchased through the Exchange*
– Eligible Retiree – $300
– Eligible Dependent of Retiree – $200
Important Information
– If the HRA eligble retiree and/or eligible dependent enroll through the exchange, HRA credits are provided
– These amounts are prorated if enrollment occurs later in the year.
– If eligible retirees have dependents under age 65, they must enroll in at least one plan through the Exchange for them to remain eligible under the AT&T group health plans.
Now is the perfect time to think about what you want to do next. Understand the opportunity to reassess your personal goals, discover your values , and figure out your passions and interests. You have the chance to reaffirm what matters to you or to go in a different direction. Dealing with benefits can be a confusing time so feel free to reach out to a Retirement Specialist with any concerns as they have years of experience working with AT&T retirees. Should you have any questions along the way, please refer to this article for more information on your options for life after AT&T.
*For 2019-2023, the maximum HRA crediting amount for an eligible retiree is $2,700. The maximum HRA crediting amount for an eligible dependent is $1,500.
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