Agenda Overview of Retiree Health Care Changes The Aon Retiree - PowerPoint PPT Presentation

Aon Retiree Health Exchange ™ Help You Can Count On

Agenda  Overview of Retiree Health Care Changes  The Aon Retiree Health Exchange  Action Steps  Learn About Medicare  Timeline Aon Exchange Solutions 2 Proprietary & Confidential

Why Is RF Making This Change?  Decision based on thorough evaluation of the market  Challenges in the current plan design ‒ High cost ‒ Limited options  New plan design offers: ‒ More choice ‒ Greater flexibility ‒ High value Aon Exchange Solutions 3 Proprietary & Confidential

What Is a Private Medicare Exchange? What It Is:  An insurance marketplace Coverage where you can: ‒ Compare coverage, carriers, and prices ‒ Get personalized, one-on-one support Compare ‒ Choose the coverage option that best meets your needs Insurance Price What It Is Not: carriers  Associated with the public exchanges established under the Affordable Care Act Aon Exchange Solutions 4 Proprietary & Confidential

Introducing Aon Retiree Health Exchange Retiree-Focused Solutions Aon has served millions of Offers broad range employees, retirees, and of health plan coverage their families options for many years Recommended Provides robust tools and by the National services to help you Council on Aging learn, prepare, and enroll (NCOA) Aon Exchange Solutions 5 Proprietary & Confidential

About the Aon Retiree Health Exchange Benefits Advisors Help You Learn, Prepare, and Enroll Benefits Advisors serve you.  Licensed, certified, and experienced in Medicare- related insurance  Not incentivized to steer you to specific health insurance carriers and/or plans  Dedicated to you throughout the entire process Aon Exchange Solutions 6 Proprietary & Confidential

Retiring employees and dependents When retiring, Medicare-eligible employees and Medicare-eligible dependents will enroll in health care coverage in a new way Individual RF-sponsored health insurance group health coverage purchased plan through insurance through the carrier Aon Retiree Health Exchange Aon Exchange Solutions 7 Proprietary & Confidential

What do I need to do? LEARN:  Learn more about and enroll in Medicare Parts A and B by calling Social Security at 1-800-772-1213  Visit myhealthexchange4retirees.com/rfsuny Aon Exchange Solutions 8 Proprietary & Confidential

What do I need to do? PREPARE:  Call the Aon Retiree Health Exchange at 1-844-689-7837 to set up a phone appointment with a Benefits Advisor  Read the Education Kit that will be mailed to you after setting your phone appointment  Gather information for your phone appointment ‒ Medicare Card ‒ Doctor’s names ‒ List of Medications  Set up your account on retiree.aon.com/rfsuny (optional) Aon Exchange Solutions 9 Proprietary & Confidential

What do I need to do? ENROLL:  Compare and choose the right plans for your needs with the assistance of Benefits Advisor  Complete your enrollment during your phone appointment with a Benefits Advisor or online (voice signature is required for some online enrollments) Aon Exchange Solutions 10 Proprietary & Confidential

Retiree and dependents turning age 65 Once a retiree or dependent of a retiree turns age 65, they’ll enroll in their health care coverage in a new way Individual RF-sponsored health insurance group health coverage purchased plan through insurance through the carrier Aon Retiree Health Exchange Aon Exchange Solutions 11 Proprietary & Confidential

What do I need to do? LEARN:  Learn more about and enroll in Medicare Parts A and B by calling Social Security at 1-800-772-1213  Review the Education Kit mailed to you  Visit myhealthexchange4retirees.com/rfsuny Aon Exchange Solutions 12 Proprietary & Confidential

What do I need to do? PREPARE:  Confirm your phone appointment by calling the Aon Retiree Health Exchange at 1-844-689-7837  Gather information for your phone appointment ‒ Medicare Card ‒ Doctor’s names ‒ List of Medications  Set up your account on retiree.aon.com/rfsuny (optional) Aon Exchange Solutions 13 Proprietary & Confidential

What do I need to do? ENROLL:  Compare and choose the right plans for your needs with the assistance of Benefits Advisor  Complete your enrollment during your phone appointment with a Benefits Advisor or online (voice signature is required for some online enrollments) Aon Exchange Solutions 14 Proprietary & Confidential

Take a Closer Look at Medicare 1 Aon Exchange Solutions 15 Proprietary & Confidential

Medicare Insurance Plan Options Original Medicare Part A Part B covers hospital covers doctors and stays outpatient visits Government-Sponsored OR Medigap Medicare Advantage Also known as Medicare Supplement (helps cover Medicare-approved expenses Also known as Part C not paid by Medicare parts A & B) (combines the coverage of Medicare parts A & B and may include Offered by Private Insurance Prescription Drug coverage plus Company extra benefits AND/OR Prescription Drug Plan Also known as Part D (covers medications prescribed by doctor) Offered by Private Insurance Offered by Private Insurance Company Company Aon Exchange Solutions 16 Proprietary & Confidential

Medicare Parts A and B Original Medicare Part A Part B covers hospital covers doctors and stays outpatient visits Government-Sponsored Aon Exchange Solutions 17 Proprietary & Confidential

Medicare Part A — Inpatient Hospital Care What’s Covered What You Pay  Enrollment in Medicare: Part A Part A covers a portion of the following services: is premium free for those  Inpatient hospital care people who have worked 10 years in their lifetime and paid  Inpatient care in a skilled into Social Security nursing facility (not custodial or ‒ If you have not worked 10 long-term care) years, there could be a  Hospice care services monthly premium  Home health care services  Deductible: Per benefit period  Blood  Benefit period : Starts the day you leave the hospital after spending a night and lasts 60 days * 2014 Aon Exchange Solutions 18 Proprietary & Confidential

Medicare Part B — Outpatient Hospital and Doctor Care What’s Covered What You Pay  Outpatient care:  Premium: Monthly ‒ Doctor visits ‒ Social Security determines ‒ Outpatient hospital the premium amount based on the last two years of ‒ Blood taxable income  Preventive care  Deductible: Annual  Mental health (outpatient)  Coinsurance:  Ambulance services ‒ Medicare pays 80%  Laboratory services ‒ Participant pays 20% Aon Exchange Solutions 19 Proprietary & Confidential

Medicare Insurance Plan Options Original Medicare Part A Part B covers hospital covers doctors and stays outpatient visits Government-Sponsored OR Medigap Medicare Advantage Also known as Medicare Supplement (helps cover Medicare-approved expenses Also known as Part C not paid by Medicare parts A & B) (combines the coverage of Medicare parts A & B and may include Offered by Private Insurance Prescription Drug coverage plus Company extra benefits AND/OR Prescription Drug Plan Also known as Part D (covers medications prescribed by doctor) Offered by Private Insurance Offered by Private Insurance Company Company Aon Exchange Solutions 20 Proprietary & Confidential

Medigap Plan — Medicare Supplement Medigap plans add on to the With Medigap plans, as long Medicare coverage you as the doctor/medical facility already have: accepts Medicare patients, you can go to:  Medicare remains your primary coverage  Any doctor  The Medigap is your secondary  Any medical facility in the coverage country  The service is Medicare-  Part D is not included approved Aon Exchange Solutions 21 Proprietary & Confidential

Medigap Plan — Medicare Supplement Prices and any “extra” Plans are all regulated and must offer the same core features are the only plan benefits. differences between these plans.  Plans come with a range of coverage — Plans A through N  Prices vary by company and zip  Plan F has highest level of code (in New York) coverage — covering your  Some plans offer benefits for deductibles and out-of-pocket travel outside the United States expenses left over by Medicare Aon Exchange Solutions 22 Proprietary & Confidential

Medicare Insurance Plan Options Original Medicare Part A Part B covers hospital covers doctors and stays outpatient visits Government-Sponsored OR Medigap Medicare Advantage Also known as Medicare Supplement (helps cover Medicare-approved expenses Also known as Part C not paid by Medicare parts A & B) (combines the coverage of Medicare parts A & B and may include Offered by Private Insurance Prescription Drug coverage plus Company extra benefits AND/OR Prescription Drug Plan Also known as Part D (covers medications prescribed by doctor) Offered by Private Insurance Offered by Private Insurance Company Company Aon Exchange Solutions 23 Proprietary & Confidential

Medicare Advantage Plans Part C Features  Includes Medicare Parts A and B coverage ‒ Convenience of 1 card for all services  Most include prescription drug coverage (Part D)  May offer extra coverage ‒ Vision ‒ Hearing ‒ Dental ‒ Health/wellness programs Aon Exchange Solutions 25 Proprietary & Confidential