Thread regarding Chevron Corp. layoffs

Thanks for the verification -6szp. I suppose the $125 Chevron medical contribution amount is only for post-65 retirees, since the premiums for a Medicare Advantage policy are so much lower than one who isn’t elible for Medicare yet. Your $887 net monthly premium right now will be going down a great deal once you and your spouse turn 65. My parents in Louisiana still enjoy being on an HMO Plan. They are over 65 years old and their premium is $0 (zero) after applying the ~$125 Chevron medical contribution. They are very fortunate. Of course, the healthcare market is different everywhere and can shift noticeably city by city within a particular State.

One last and final (I promise) update. On the HR Website when I look at the Company Contribution it says and I quote. $1036 Per Month CREDIT for our Chevron Medical PPO Plan. Can't be 100% sure how that works in real Dollars or not. Again, this is the Retiree Plan I speak of not Employee.

I just updated my 2019 Medical, Dental and Life Insurance. For myself and my Wife the 2019 Chevron PPO will be $887 Per Month for a Pre 65 Retiree/Spouse. I was not sure after posting the other day but yes, Chevron will be paying $1036 a month contribution to our Medical while we pay $887. I just validated everything on the hr2.chevron.com Website which is apparently managed by Towers Watson now. I cant speak for Retirees in Louisiana or Texas as the costs are different. I now live in Northern California in the Foothills so we are ineligible for Kaiser which is even cheaper than the Chevron PPO.

These days I consider this a very good deal given by Chevron to Retirees.

As of 2018, the 100% medical contribution that Chevron puts up for a Retiree is about $125 in Louisiana. It may be same or a little different in Texas. Is it any wonder why Human Resources doesn’t post this figure in their ridiculous slide shows to their working employees, and especially the ones left standing during ROMs and layoffs? That 100% medical contribution they tout as a great benefit all your working life of busting butt doesn’t amount to a hill of beans.

Yes, that's the same numbers that I come up with, and hear quoted, with CVX only paying a small fraction of the retiree premium. However, that's the only way that you can stay in a company plan with the deductibles/coverage that you are familiar with, from a solid company that you will most likely trust more than the public/ACA plans being offered, and with better options for treatment, doctors, etc.

-5sne. I am surprised Chevron’s contribution is even that much! I was under the impression that Chevron’s 100% contribution to retirement medical only amounted to $100-$200 per month... basically covering the equivalent of a Medicare advantage supplemental costs.

2fle, you are right, I stand corrected. Chevron only pays about half of that $1,036 per month. I have to cough up the rest. Thanks for pointing that out. I was mistaken.

@2fbz, For a retired couple in their late 50’s or early 60’s (I assume), a $943 healthcare policy with a small $1,000 annual deductible is not too bad these days. I still believe that healthcare premiums in general are higher than they need to be in the US, but that’s another argument.

You could very well be right on the Company Contribution aspect. Regardless, based on my time in service I pay $943 per month for the Chevron PPO for my wife and I. With $1000 deductible per individual it’s still excellent coverage these days. Way back when Chevron Medical was 100% covered by the Company. Times change right?

@2nqe, I don’t think Chevron contributes $1,036 per month towards a pre-65 Retiree’s healthcare plan. Check your papers. Subsidies that high are seen by active employees only, not retirees.

As a 36 year service Retiree my wife and I pay $943 a month for the Chevron PPO with Chevron contributing $1036 a month to our plan. Our annual deductible per person is $1000. We shall see what 2019 rates will be on October 15th.

@1syy, Your health is the most important thing in life, that’s true. A close second would be money doesn’t grow on trees. Healthcare is expensive when you’re in that limbo period as a retiree before age 65. If you’re in health and don’t have any medical conditions to worry about, you might want to get the ACA a second look before it craters in on itself. Next year the ACA will still be hanging in there. Depending on your estimated total taxable income, you might find it much cheaper than Chevron’s pre65 PPO. Everyone knows the High Deductible Plans are a rip off if you use it. One last thing, don’t be so concerned about the other tax papers. If the tables were turned, they wouldn’t give a damn about you. Do what’s best for yourself. That’s what everyone does.

Thanks for posting. $15.6k is actually a bit better than I expected (that said, I like anthem less than United Health we had previously). At any rate when I retire, which will be pre-65, I will stay on whatever Chevron is offering. Family together has various “preconditions”, and although none are really life threatening I think Obama care remains unstable enough that I will pay more for some peace of mind.

I am a pre-65 retiree. I retired a couple of ago but have decided not to use my one milestone opportunity to get into the Chevron Retiree Medical Plan. I’m on a different plan now until I turn 65 then I’ll move into the CVX post-65 Retiree Medical Plan when it’s much less expensive. I logged into my online account at hr2.chevron.com and entered the Benefits Center area to review the plans that were available to me and spouse for Jan 2018. Below are the 4 possible choices for Pre-65 Retiree Medical for a couple. The name of the Plan and the monthly premium for each are as follows (sorry, I cannot provide the annual deductible to meet, as I would need to take time to open each plan’s details to find that out);

1. Chevron Medical PPO (Anthem), $1296

2. Anthem HDHP, $996

3. Anthem HDHP Basic, $933

4. Medical HMO (HMO Blue TX), $2298

The 2019 plans and monthly premiums for a pre65 Chevron retiree and spouse will be published soon during the open enrollment period between October 15 and 26.