Raytheon retiree supplemental health insurance

[Joe Ney]

Hello RTN retirees:
I am looking for feedback, advantages/disadvantages anyone might have who has the RTN retiree healthcare as their Medicare supplemental plan. I am currently on a Medigap plan and only found out about the RTN retiree plan recently. The $62 cost (for last year anyway) is significantly less expensive than what I’m currently paying for my plan, which makes me wonder if the RTN plan doesn’t cover everything that my medigap plan does.
Any info, thoughts or experiences you can provide me are greatly appreciated!!

Thanks for your input.
Joe Ney

[Edward Vassar]

I have been on this insurance for the last 12 years, for reasons which were sufficient to me when I retired. So far I have not qualified for any payout. That is the limit of the information I have on the subject. I am however interested in hearing the opinions of others on this topic.

[Pedro Saenz]

I am getting ready to retire also. I would like to know if your talking about the Raytheon Medicare Plus Plan. This is a Medicare Supplement for Parts A, B, and D or A and C. I want to know if you can get a list of health care providers prior to signing up. I use the University of Colorado Medical Hospital and University Physicians.

[tom Chen]

Hi Pedro Saenz:
My experience with he Raytheon Medicare Plus Plan is that it is very expensive. Most other Medicare plus plans cost nothing. Some even help pay for the Medicare Part B primum, which is getting more expensive each year. I am still trying to figure out what exactly are we paying for. I stay with this plan because you can not switch back if you switch out. I hope your are still young enough to figure this out. This is more important than if your preferred hospital is include or not.
On the surface we pay almost $5k annually ( premium and threshold before benefit kick in) more than most plans when we are healthy. This part is certain.

My hope is the plan would cover most end of life cost if we fall in the small number that need a lot help without long-term insurance coverage. But I am not sure how much Raytheon Medicare plus really covers; such as how many nursing home days? (Medicare covers 100 days)

I assume we are paying about $5k annually for equivalent of a long-term insurance. If this is not true then we should switch. We need to know what we’re paying for. But I am too lazy or old to figure it out.

I hope you are young enough to figure out what we are paying for and share your finding with those who have lost their will to figure out.

• This reply was modified 5 years ago by tom Chen.

[Neil Gould]

Tom Chen…
I just joined ARR. I retired last year and will turn 65 in April so I am looking at the various options. How do you get to $5k per year? I assume it depends on years of service. I have 40 and my cost for the plan would be $0. There is still the $1750 max out of pocket.
Standard Medicare Advantage plans can be $0 too but have limited doctor networks.
What did you find out about long term care? I think this Raytheon plan just covers normal medicare services.
What are others’ views of this plan verses a Part G such as from UHC that would cost me $128/month?
Neil

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