Trust Wells Fargo to offer retirees the worst medical insurance company in their Retiree Medical plan - United Healthcare - which has a claims denial rate of about 30%. And the premium is very expensive and increasing about 20 % from 2024. Disgusted but not surprised.
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Low income retirees get a kickback in premium. So if one was a teller their whole career at Wells, they don’t pay stated price. If one was a VP, they don’t call HR to find the true rate if you are a retiree.
This is true. Wells Fargo says it’s the same insurance we’ve always had and that retirees are just paying the full price. But it is different at least as far as the deductible (30% higher).
The people who say Wells Fargo has great benefits for their employees haven’t done their research. Wells Fargo does the bare minimum in nearly all cases.
You can always find other options.
Have you actually had a claim denied or just jumping on the recent bandwagon?
I don't have UHC now, but never had any troubles with claims with kids as well, when I did have UHC.
I guess it pays now more than ever to live a healthy lifestyle.
There is a retiree medical plan option if certain conditions are met - 10 yrs at the company and over 55 etc. And only until age 65, of course. It’s in the benefits booklet. But very expensive as one has to pay 100% premium . The other option is COBRA but that is only possible for 18 mths.
Didn’t think there was a retiree plan.