Read today's benefits newsletter. Especially the part about the new vacation pay policy and paying back used vacation if terminated.
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Actually, I believe that -3rot is correct, especially since the start of the ACA and the ACA marketplace. At that point many companies dropped their coverage or made it expensive and only offered the high-deductible plan on the premise that the ACA can cover you if required. That's what happened at my company. The new 2017 for CVX with blue-cross is the beginning of that ACA-influenced BS policies that we dropped to go with my spouses CVX plan. What are you gonna do now, Sue them because you don't like what the new selections are? Don't think you can. They have been doing that at many companies or many years. It's just that now since the ACA, the plans have gotten worse mainly because of the new rules and requirements. If they cannot charge more for different conditions/risk rates, then everyone else has to foot the bill. Also for the subsidies that they hand out. That money comes from insurance-payers. People seem to forget that the US government does not make or earn money in any way, shape or form. All income/revenue is pretty much tax dollars or fines and fees.
But of course, we are SAVING money now and paying less for coverage, aren't we? Didn't some president tell us recently that we would - directly, unequivocally and to our faces?
3rot - You say; "nobody outside chevron will care how many points you have and what you were told." Ultimately, in a jury trial, there will be 12 of your peers sitting in a box listening to how greedy Chevron granted its poor employees a company medical contribution percentage toward their expensive retiree medical after years of dedicated service. Soon after or just before retirement, you realize they bait-and-switched or hood winked you all along. Chevron will then whip out the "fine print" saying they always advised the plans cold change at anytime. Then the jury would deliberate and put themselves in your shoes, thinking that if that ever happened to them, they would string up the company execs for cutting them off. The equitable thing for Chevron to do if one day they want to terminate the company medical contribution percentage, is to make a settlement payment to every affected employee. That medical contribution percentage has a Dollar value to every employee who earned it. I am certain a Class Action lawsuit would prevail in favor of the Chevron employees and retirees.
They can drop all pension and medical any time they feel it necessary. It's been in the fine print forever. Class action nothing.
nobody outside chevron will care how many points you have and what you were told.
Don't feed the troll. (Moon landing BS) He's cutting and pasting this on every thread.
@gwe, I also talked to someone at Chevron HRSC. I was told what you stated, but I didn't understand it exactly the same way. I may have a call again and ask the question once more. I think they will forfeit your ability to enroll in the Chevron retiree medical if you miss any of the milestones, whichever occurs first; When Cobra benefits end, When you lose current employer coverage, or When you turn 65. I hope anyone with first hand information about this can set me straight on the manner. I'd rather wait another 6 years to when I turn 65 to join Chevron Retiree Medical.
There's no argument from me that Retiree Medical coverage can be dropped or changed by Chevron at anytime. But I think Chevron will open themselves to a class action lawsuit if they cut off retirees and don't at least make a monetary settlement to them based on the points they earned and their age at the time they retired from the company. Carrot-and-stick or bait-and-switch tactics are frowned upon in our society. This could be the basis for such a lawsuit, IMO.
Companies drop retirement coverage everyday and Chevron is not different. It is a major cost and will always be on the table.
Folks, after attending a couple of information sessions, it is my understanding that Chevron can make changes to the Retiree Medical Plan at any time they like i.e, nothing is guaranteed or promised on Medical plan throughout one's retirement.
I called the Chevron HRSC Benefits Center to inquire on the 2017 rule changes to the Retiree Medical enrollment milestones. I was informed that the major change to the rules (apart from it being managed by a third party company, instead of Chevron itself) was if a retiree who is already enrolled in the Chevron Retiree Medical leaves the plan, they wont be able to come back at a later enrollment period. They will lose it altogether. The other rule change concerning milestones for enrollment still will allow a retiree to postpone enrollment until they reach 65 (post-65). At that point, they will receive a letter from the Chevron HRSC informing them this is their last opportunity to enroll in Chevron Retiree Medical or forfeit it forever. As far as being "forced to join" Retiree Medical before age 65, if not correct. They have the opportunity to join if they lose their COBRA coverage or lose coverage from another employer while pre-65 years of age. But, the 3rd milestone is when the retiree becomes 65. That is the last chance to enroll. However, in all cases, if a retiree is already or becomes enrolled in Retiree Medical starting January 2017, if they leave it, they will forfeit enrolling in it ever again.
Sure. Confirmed.
Thank you for the info, nzm. This is something all retirees need to keep up with.
People, I just posted something on this thread that's even more alarming. It was deleted, so I'll repost it again.
What should concern retirees most is the change Chevron will be making in 2017 to the Retiree Medical Plan.
It seems to me, Chevron is looking to drastically reduce the number of future retirees' access to Chevron Retiree Medical. Do I understand it correctly that starting in 2017, Chevron is forcing its retirees to start Retiree Medical when they reach one of 3 milestones or lose it forever? My situation as a pre-65 retiree is that I have another type of medical plan that works well for me. The pre-65 Chevron Medical premiums are too expensive. My plan is to switch to the post-65 Chevron Medical Plan once I become 65 years old. The premiums should be much more affordable then, especially with the help of Chevron paying their portion of the Chevron Medical Contribution Percentage. We all as employees strive to earn our 90 points in order to get the maximum 100% Chevron Medical Contribution Percentage to help reduce our medical premiums in retirement. It now appears the 2017 changes to the Retiree Medical rules threaten to take away what was promised to us. If we are forced to join the Chevron Retiree Medical before age 65, and don't because of the high premiums, will we lose the chance to ever join it at age 65? Please confirm.
It's available to anyone on hr2.chevron.com
I'm concerned about how the company is making changes to Retiree Medical starting in 2017. It seems to me there are wanting to lower the number of potential future retirees they would have to subsidize with the medical contribution percentage they promised you. We all strive to leave the company with 90 points so we can attain a 100% Chevron Medical Contribution Percentage. That's a big help to a retiree because Chevron would contribute a certain percentage toward the cost of our Retiree Medical premium. The upcoming changes to Retiree Medical now seem to obligate the retiree to join the the Retiree Medical at certain milestones or lose it forever. I am a pre-65 retiree and currently have other insurance. Does this mean I must enroll in Chevron Retiree Medical in 2017 or lose it? It was my hope to continue the insurance I have now to save money then switch to the Chevron Retiree Medical when I turn 65, which is much more affordable than pre-65 premiums. Please confirm.