Health insurance for retirees

Anyone else out there discover that they just got raped on their health insurance premiums?! Today, the lovely people who play HR from Xerox told me that the 100% increase in my premium over last year was correct. That would bring my monthly premium before service credits or GSK contribution, to nearly $4000/month for employee and spouse! WTF?! Is there anyone in this screwed up company able to explain this bullsh*t?

 

At least you get credits. Let me tell you my situation. I was two years away from the rule of 75, but then part of the Oncology BU transaction with Novartis. They laid everyone off within the first few months. I lost all potential retiree medical coverage. My future retirement is effectively ruined due to required self funded medical insurance. Thanks GSK.

 

You need to check again. Retired two years ago with medical. They did raise my premiums January 1st from $495 to $526 a month for a family of 4. Have a Happy and Healthy New Year

PS. Hopefully, you meant $400 a month.

 

I'm with you last poster.....that musta' been Sparky again.

 

Geez, I wish I did mean $400/month! Sadly, I am talking about $4K before any credits. 18 years of service and this is my reward. I do feel for the poster who got the shaft from the Novartis deal. I got caught up in that too. Last year I paid $770 for family and this year it nearly doubled for me and my husband. There are just too many to thank for this screw job, GSK, Novartis, Obama care, Xerox and the beat goes on.....I am currently working with an insurance broker to try to mitigate the damages. I'll provide the name and number to anyone who wants it

 

I am another one done in by the Novartis deal. 18 years of service as well. And zero to show for it. Paying for Obamacare with little left over. Was wishing we might be able be to travel a bit, perhaps take the grandkids to Disney. Instead we pay tens of thousand $ for medical coverage. It is a very bitter retirement. If only they knew how they destoyed peoples lives. Sorry to vent but i am very depressed by it all.

 

I wonder if grounds exist for a class-action lawsuit. GSK has clearly reneged on their commitment to long-term employees.

 

I am probably going to retire within the next two years and have over 30 years service with GSK. What exactly are you all talking about regarding health benefits for retirees? Please explain!

 

they are mostly ones who went to Novartis.......I'm probably like you, happy with the plans, and retired after over 30 years with the company.....

 

What is the medical retiree benefit now? I too will retire with 24 years of service and entitled to medical benefits now. So confusing .....

 

Its called the rule of 75. If your age and years of service equal 75 or greater you qualify for retiree medical.

Hope that explain it. Knew people that were 4 months away during the last down sizing and GSK didn't care.

Good luck getting to the #.

 

correct

 

you lonely troll liar

 

But when you get there you get pretty much nothing. At least if they gut ACA you can get insurance even with pre existing conditions. Can't believe all you screamers against Obamacare. You get laid off and you are toast if you have issues

 

Didn't we all play at least a small role in creating this dog-eat-dog health care climate?

 

Ya think????? Why I was for Bernie--- most drug reps total idiots. Look at GSK. Management gets paid on sales but you get ranked by idiots... Enjoy!!!!! Enjoy the peanuts you get for sales Emile upper management runs away with the goods. Enjoy having voted for Trump!!! He doesn't give a rats ass for you-- only your CEO class-- total idiots

 

He was not only fired from his job, but a Looney Tune Leftist. Ha hahaahaahaahahaaaahhaaa

 

Beats being a fascist

 

There they go again, bringing up Germany in WWII.....that's getting old Sparky.