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GE recently mailed out a letter letting some 130,000 retirees know they are dropping their health insurance and sending them through an exchange offering a "wide" variety of options. At best I found 3 companies to choose from out of 20 or 30 actually available.
The letter states…GE will provide eligible retirees a Retirement Reimbursement Account of $1,000 who enroll in a Medicare supplemental AND/OR prescription drug plan through OneExhange.
In order to qualify for the reimbursement you can either enroll in a prescription drug plan OR and Medicare supplement.
If you read in the Medicare and You guide you will see that all plans of the same letter are identical and the only difference is price.
This means you can shop around and find the best priced plans and stretch your dollars further and keep more of your hard earned money in your pocket.
The choice is ultimately yours to make whether or not you want to spend more on the exact same coverage. The difference is in the hundred or even thousands of dollars in savings over what you're being offered.
The letter also states that OneExchange employs non-commissioned licensed staff to aid in choosing a plan. As an independent broker, I earn a percentage of the premium as compensation and so does any "exchange" therefore one should wonder why they would offer higher priced plans than what's actually available.