Can anyone tell me what they pay annually for Chevron Pre-65 post-employee medical coverage. I am particularly interested in premium cost with one dependent (spouse). I have 75 points, but I hear Chevron covers a low percentage of the cost even when you have the full 90 points.
22 replies (most recent on top)
llgu+1eRt2G4f: One can only assume you wish to remain ignorant as a choice. Good luck with that.
@lmtj, yes indeed, that massive increase in Medicaid rolls and people who are getting Obamacare subsidies for free and low cost insurance who were paying for it before is now all FREE FREE FREE!!!!! It's always nice when Doctors and nurses work for Free.
@khzy+1eRt2G4f Total nonsense! Health insurance rates are not higher because of ACA, it is because of total out of control pricing. In fact insurance rates are lower due to ACA because that insurance is paying into the system for those who otherwise would be uninsured (but still would get emergency care, the most expensive type). The ACA subsidies come from general revenue, and not from your insurance rates. If you wish to complain that ACA is raising your taxes or increasing the deficit, well ok fair enough, that is at least reflecting reality. The ongoing health care crisis in the USA can be blamed directly on the failed idea that free enterprise forces will lower health care prices because no one shops around for lower rates when they are already in hospital!
@kppx, Yes, that's a good idea, and the reason that your rates are so high now and the options are limited is because of the ACA. Because of that you are paying for other people's insurance/benefits as well as your own. But if you are a giver, not a taker, like me, you don't mind doing that, and you don't mind paying for other people's health care so that they may live another day, happily and healthy in comfort at little to no cost. After all, we don't need the money. we should all be working so others don't have to and can have a more care-free life with more work-life balance to be home with the kids or send them to free child care, play x-box and games, etc. Life is good!
With 75 points Chevron pays 1/3 of pre-65 health insurance. Total cost of pre-65 PPO in Houston for retiree and spouse just over 1900/mo., so our cost is about 1200mo. or about $15/yr. Compare with closer to $10-12k/yr for some silver to gold ACA coverage. That said we are staying with Chevron’s plan because of some current health issues, preferred continuity of care, and fear that ACA insurance might get terminated if the Trumpers return to power. Better safe than sorry, and probably only around $10k more over the 4 years until 65.
90+ pts pre-65 retiree that just lost CVX EOI Cobra supplement. Cost in Norcal/SF Area for Hubby and I with Kaiser (HMO) is $1043 + $90 for Delta Dental. Cost for other options was:
$821 - Anthem/Blue Cross (PPO)
$574 - HDHP
$470 - HDHP Basic
Paying more for convenience of not switching and figuring out where to go this year since Hubby will qualify for Post-65/Medicare in 2022. Going to put our energies into those options. Appreciate any insight on what others have found and the cost.
Hubby was disappointed with what 90 pts got us. Me not so much as I already talked with others who told me not to use it as factor to stay longer. Being close to full pension, highest lump sum $ amount assuming rates would increase (which they have already ), EOI benefits bridging working a few more years, and green light from planner that salary, CIP, and 401 contributions would not make a difference in lifestyle was the deciding factor. Lucky to be a landlord with increasing rents and also lots of CVX dividend income. Use the various tools and resources (employees who look at it all and retirees) to decide what makes sense individually.
Chevron pays about 45% of our our pre-65 premium and we pay the rest. When still working, Chevron paid about 97%.
@1ibx, No, I don't think Chevron's ~50% had anything to do with 2020, the pre-65 cost of ~$1,000/mo for a married couple has been given out in just about every pre-retirement seminar. While I was working, we were paying about $700 for medical ins, so pre-65 was a bit higher premium for the same coverage. Once you turn 65 with 90 pts., the Chevron supplement (ViaBenefits) is $94/mo, which will cover about 40% of a decent Part B Supplement and separate dental, vision, and prescription coverages. Don't ever do a Medicare Advantage plan, the premiums are cheap, but you get hit with co-pays on everything.
Wife and I both retired pre - 65. Our share of medical at that time was close to $450 each. Once I hit 65, my premiums for Medicare, supplements including prescription went over $500/mo. VIA Benefits sends me a $94 check every month.
Thanks guys, I will make my own medicines and perform my own surgeries! Who’s me luck!
It costs more to live in the land of fruits and nuts, because they know that they can get pathetic fruits and nuts to pay more. In other states folks are not as naive so the insurance is better and you pay less for it.
For 2 people in Cali, I would have paid almost $1000 per month for medical and dental with 90 points! % CVX pays is low! We chose outside medical since it’s cheaper and better coverage!! No value in CVX medical dental if you are staying with CVX for it!!
1waf: For real or are you just being a jacka$$? The problem with this site is for every helpful post one has to sort through a dozen dikheads (sic).
Thanks guys! So I will budget $35k for health insurance.
Better add another $150 a month per person to cover all these test they now have to cover.
@1pno: Wow, really? I was under the impression they paid only 10%: About the cost of a Medicare advantage policy. Is their 50% payment just a short-term deal related to layoffs?
Oops, didn’t finish. I paid $900, Chevron paid about $1,000 per month, so they covered a bit over 50%.
Just went through this. I had full 90 pts. $900/ mo. for my wife and I for the same coverage (Anthem BCBS) we had when I was working.
Thanks guys! So I will budget $15k for health insurance.
Log in to https://mychevronbenefits.ehr.com/ESS/Account/LogOn?ReturnUrl=%2fESS
Scroll down to Start pre-65 retiree health benefits and click start now. Don’t worry it doesn’t actually start you unless you submit final selections. You can see what your monthly amount will be based on your points. You can choose different available insurance options.
For me, with 90 points (100% of Chevron contribution) HDHP would be ~$700 per month for my wife and I medical and dental.
With about 80 points I pay about $900/month for the plan for spouse and I. That includes dental but not vision. It's the same Anthem Blue Cross plan I was on at work and during Cobra benefits.
with 84 points I pay 835 for HDHP, dental and vision. Includes spouse.