How Medicare Part D will work in upcoming USPS insurance program

Snippet of Article: "...One part of the final regulations, which gained attention from many stakeholders, clarifies how Medicare Part D and prescription drug coverage will function for Medicare-eligible USPS annuitants and family members. According to OPM, PSHB plans are required to integrate Medicare Part D and offer prescription drug coverage to eligible Postal annuitants through what the program calls an “Employer Group Waiver Plan” (EGWP).

During Open Season, all Medicare-eligible Postal retirees will be automatically enrolled in an EGWP through the PSHB program. The EGWP will include prescription drug coverage through Medicare Part D. Individuals who are not eligible for Medicare, such as those living overseas, will get prescription drug benefits through their PSHB plan.

Notably, according to the final rule, Medicare-eligible USPS enrollees who opt out of Part D coverage will lose access to any underlying prescription drug coverage through PSHB. Despite concerns that arose in reaction to the proposed regulations, OPM maintained the same plans it initially proposed for opting out of Part D. ..."

Source: federalnewsnetwork.com

Employer Group Waiver Plan” (EGWP), EGWPs are an alternative to offering traditional Medicare supplemental coverage for retirees, and these plans are a subset of the MA market.

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Forced Medicare coverage will screw over Postal retirees and future retirees

Keep promises made to Postal retirees

Snippet of Article: "...Legislation recently approved by a House committee reforming the U.S. Postal Service (USPS) targets postal retirees to balance the Postal Service’s books, and it does so in the name of bipartisanship and expediency, usually good things. Not this time. Specifically, it breaks a promise made to now-retired postal workers and their survivors regarding their health benefits. It tells them they now must pay additional health insurance premiums for more, mostly duplicative, insurance coverage through Medicare or risk losing their health insurance benefits entirely. For postal retirees and survivors who are satisfied with their current coverage, that means another $122 per month or more to keep their current health insurance. This flies in the face of fairness and changes the rules for individuals who do not have the ability to increase their income..."

Source: thehill.com

Medicare

Koch brothers to spend some $900 million to cut Social Security, Medicare, federal aid to education, and environmental programs through campaign donations/money says Sanders

Charles Koch agrees ...

Snippet of Article: "...'The Koch brothers – second-wealthiest family and extreme right-wing family – they also have one vote, but they are going to spend some $900 million in this campaign to try to elect candidates who will cut Social Security, Medicare, federal aid to education, and environmental programs,' Sanders said to students at George Mason University in November..."

Source: www.csmonitor.com

Koch brothers, Charles Koch, Social Security, Medicare, federal aid to education, environmental programs,

BERNIE SANDERS: Let me give you an idea of how corrupt this system is

Bernie Sanders to Hillary: Goldman Sachs Gave You Over $600,000 In Speaking Fees In One Year

Snippet of Article: "...The leader of Goldman Sachs is a billionaire who comes to Congress and tells us we should cut Social Security, Medicare, and Medicaid. Secretary Clinton, and you're not the only one, I don't mean to just point the finger at you, you've received over $600,000 in speaking fees from Goldman Sachs..."

Source: www.realclearpolitics.com

Congress, corruption, Social Security, Medicare, Medicaid, Hillary Clinton,

Postal Service wants to force retirees out of the Federal Employees Health Benefits Program and over to Medicare

Article Title: USPS Plan to Pull Out of Fed Health Benefits Could Cost Postal Workers

Snippet of Article: "...The Postal Service would reach a majority of its savings by shifting its retirees... to Medicare..."

Source: www.govexec.com Postal Service, FEHB, Medicare,

Weakening of the federal retirement safety net

Article Title: Baby Boom Retirement: Financial Security Fades

Snippet of Article: "...it's vital to fend off any weakening of the federal retirement safety net..."

Source: www.theledger.com
federal retirement safety net, Medicare, Social Security,,