The TVARA Chattanooga Chapter Meeting on October 15, 2024, discusses important updates regarding TVA’s health insurance plans for 2025.
The presentation highlights changes in PPO and CDHP premiums, deductibles, and out-of-pocket maximums. It also emphasizes the importance of considering health insurance options before turning 65. The presentation provides valuable information on transitioning to Medicare at age 65, including options for Part A and Part B coverage, Medicare Advantage, and Medicare Supplement insurance.
Various aspects of Medicare, such as Part D prescription drug coverage and recent changes in Medicare for 2025 are touched on. As well as the differences between Medicare Advantage and Medicare Supplement plans, and health insurance plan pricing structures. The importance of reviewing and potentially changing Medicare Part D coverage during the Open Enrollment Period is discussed.
Additionally, the presentation outlines various benefits offered by Medicare Advantage plans for 2025, including non-emergency medical transportation, meal delivery, and caregiver support programs. It also provides recommendations for purchasing health insurance, including the use of Via Benefits and consulting with State Health Insurance Assistance Programs (SHIP).
The presentation emphasizes that Medicare Advantage plans are generally guaranteed issue and must cover pre-existing conditions, making them a viable option for retirees. It also explains the Health Savings Account (HSA) and its utility in covering medical expenses and Medicare premiums after age 65.
Finally, the presentation provides several resources for assistance in making informed health insurance choices, including VIA Benefits, SHIP, and Medicare.gov.
For further assistance and personalized advice, please consider consulting the provided resources.