Retiree Plan As Secondary Payor

[Winter_123]

I am a little hazy on the retiree plan as secondary payor situations and what the most common arrangements are.

The employer can just flat out purchase a med supp for the retired employee and pay for it completely or they can require the employee to pay some share of it?

Also, the companies group plan can supplement medicare even though it is not an "official" medicare supplement plan owned by the employee. It just supplemental benefits provided by the group plan.

Are those two scenarios above correct and/or are there others? Could someone slap me around a little so I can get a better grip on it.

Thanks.

 

[midwestbroker]

When it comes to group, there are all kinds of scenarios. It all boils down to what the company wants to do for its retirees.

I call the 800 number usually on the back of their card. Some act as a secondary, others a primary. Some you can have a secondary PDP plan if they offer drug coverage and others you cannot.

Some will buy a plan for their retirees (up to a certain amount). I had an agent call me on that. Ran across a guy that was a retiree from a company and paid $40 for plan F, the company paid the rest.