Medicare Part D Subsidy
At the Annual CORRE meeting on September 26, the Medicare Part D subsidy was discussed. A member asked for that information to be repeated here. Charlie Kurykendall supplied the information below.
-The Editor
The essence of the Medicare Part D subsidy story is this: Many
private companies have eliminated their medicare supplementary
medical insurance for retirees and the government was trying to stem
the tide by offering to provide a "subsidy" to any company willing to
continue the supplementary medical insurance. All DOE prime
contractors have continued their coverage and DOE got the subsidy. In
Oak Ridge we have been told that our supplementary insurance costs
are split 50/50 with the contractor. If DOE got the 28% subsidy why
wasn't half of it applied to cutting our portion of the Major Medical
Medicare Supplementary Insurance.
September 30th, 2007 at 10:41 pm
CORRE has a copy of letter of Representative Lincoln Davis written to DOE asking DOE management why they have not shared the subsidy with retirees. CORRE was told in a letter from Senator Alexander that he also has recently asked DOE for an explanation.