Good news

[AAviator]

http://www.shareholder.com/aa/downloads/presentation.pdf

 

[Wretched Wrench]

Such a long time to wait for so little information 🙂

One thing I did notice, was how the pension costs decreased a little. There will be further decreases in pensioners drug costs, as AA pays less due to the Bush Medicare prescription plan.

 

[TWU informer]

Such a long time to wait for so little information 🙂

One thing I did notice, was how the pension costs decreased a little. There will be further decreases in pensioners drug costs, as AA pays less due to the Bush Medicare prescription plan.

I spoke with an AA retired Machinist the other night at a High School Basketball game.

Says he has $250.00 presciption drug deductible next year along with increased co-pay charge, and insurance will no longer pay for prescription drugs from $2500.00 to $3600.00.

That could be an additional $1350.00 out-of-pocket not counting co-pays.

He says he likes retirement, but afraid he soon will not be able to afford retirement.

I wonder what our pre-funding is actually guaranteed to pay?

Question: Did the "Bush Medicare Plan" cause this out-of-pocket increase for this retired Machinist?

 

[Wretched Wrench]

Question: Did the "Bush Medicare Plan" cause this out-of-pocket increase for this retired Machinist?

Here is what one AA retiree has to say about it:

"AA is dropping our PRIMARY coverage for drugs and advising us to go with the Medicare D program.WE ARE NOT DROPPING AA....AA IS DROPPING US..

You're correct...there will be nothing for us to stay with...AMR is over 1 Jan 06 except as a secondary benefit..

Keep in mind AA benefits consist of 1)Medical and 2)Prescription Drugs.

When we turned 65,Medicare A and B is Medical and became our primary insurance and AA became our secondary.

Now as of 1 JAN 2006,Medicare D becomes our primary Prescription Drug benefit.AA will become our secondary prescription drug benefit.

AA mailed by regular mail another letter dated Nov 11,2005..to AA retirees 65 plus

It states:

"The Retiree Medical Benefit for Age 65 Plus will not duplicate (or cover) what is covered by the Medicare Part D benefit"

"Effective Jan 1,2006, the Retiree Medical Benefit for Age 65 Plus will NOT pay a benefit that would be covered by Medicare Part D"

We will still have our AA Medical and Prescription Drug benefit but as SECONDARY...we are NOT dropping anything....BUT AA will no longer be the primary payer of Rx benefits,just like it's NOT the primary payer of medical benefits once we reached 65..

Before we were 65,AA was our primary medical insurance for both medical and prescription coverage..as of 1 Jan 2006, AA will NOT be our primary medical or prescription drug insurance for ANYTHING..it will be totally our secondary coverage..

Medicare D is an enrollment plan..we have to decide which prescription plan we want to enroll in..No one HAS to enroll in Medicare D BUT AA will not cover anything that would be covered by the Medicare D benefit. it will only reimburse as a secondary coverage just like it does for Medicare A and B."
---------------------------------------------------------

.

.



I should add that I have no first-hand knowledge of the medicare drug thing, but this person is always well-informed and accurate.

.

 

[twaokc]

Question,, will aa prescription coverage cover the amount of drugs between 2500 and 3600 that medicare does not cover?