TelCo Association Member Alert!!

AT&T recently sent letters to all Medicare eligible retirees announcing that they plan to move them to a private health care exchange that will be provided by Aon Hewitt in 2015. This is not an unprecedented action by AT&T. Hundreds of employers have already taken this action and AT&T believes this will enable retirees to choose the health coverage that best fits their individual needs by purchasing health care coverage for yourself and/or your Medicare-eligible dependents.

The communications pieces that were sent out were designed to fit the individual circumstances of three retiree groups. First, only those who are Medicare eligible are impacted by this action with the exception of those who are “grandfathered” in healthcare plans that guaranteed lifetime benefits. In the latter case AT&T plans to honor that guarantee.

Secondly, the group of retirees that receive a subsidized health care program (not all do). AT&T plans to continue to subsidize these plans via an HRA (Health Care Reimbursement Account) at an amount approximately the same as today’s subsidy.

Third, those retirees that are not qualified for a subsidy. This group will be able to benefit from more choices and have the flexibility to choose an insurance plan with terms and costs that best suits their needs…in some cases lower cost plans.

AT&T sent these communications pieces in an effort to alert each retiree group of the impact to them, so each group received a similar but slightly different letter. What you received is specific to your situation and could be different than your friend next door, so don’t be confused by the differences.

Most importantly…nothing is required of you at this time. AT&T has committed to communicate more detailed information to the impacted groups in April of this year. If more specific information is provided to TelCo prior to that we will communicate it via the website…right here! If you have specific questions, please call 1-877-348-3526 (1-87TelCo) number. I look forward to talking with you.


Monte Baggs, Vice President.

  • Insurer Push on Obamacare Premiums Tops Burwell Challenge
  • By Alex Wayne; Bloomberg ~ Apr 12, 2014 The first challenge Sylvia Mathews Burwell may face as the nation’s top health official could come from the insurance industry. WellPoint Inc. (WLP), the biggest commercial insurer in the health law’s exchanges,

  • Debts That Can Kill Your Retirement Plan
  • By Mitch Tuchman; Forbes ~ Apr 11, 2014 Charles Dickens understood budgeting quite well. In David Copperfield, the character Mr. Micawber notes: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual

  • Do you have a financial safety net?
  • By Blair Shiff; KUSA-TV ~ Apr 11, 2014 KUSA – April is Financial Literacy Month, so let’s talk about your financial know-how. Are you financially prepared if you need to stop working for a few months due to a layoff

  • Secret to retiree happiness: Part-time work
  • By Matthew Heimer; MarketWatch ~ Apr 11, 2014 What’s the secret to enjoying your retirement years? Counterintuitively enough, it might be having a rewarding, flexible job. A recent study published in the IZA Journal of European Labor Studies suggests that

  • 5 Unseen Risks Stalking Your Retirement
  • By Mitch Tuchman; Forbes ~ Apr 11, 2014 Retirement investors have a simple task: Compound their money steadily over decades at minimal risk. Easy, right? You’d be surprised. Many of us want the kind of sure-footed advice that will lead

  • Obamacare taxes add BILLIONS to rising premiums
  • By Sarah Hurtubise; The Daily Caller ~ Apr 11, 2014 On top of rising premiums, Obamacare taxes are adding hundreds of dollars per year onto customers’ costs, according to new study from the American Action Forum. Those who braved the

  • Tips to Manage Spending in Retirement
  • By Paul Sullivan; The New York Times ~ Apr 11, 2014 Advisers put a considerable amount of effort into talking to clients about accumulating a life savings. But advisers and their clients tend to devote less thought to how to

  • Health Goal Met, White House Reviews Missteps
  • By Michael D. Shear; The New York Times ~ Apr 10, 2014 WASHINGTON — Days after hitting their target of signing up more than seven million people for health insurance, Denis R. McDonough, the White House chief of staff, and

  • AT&T’s New Slogan: ‘Mobilizing Your World’
  • By Karl Bode; Broadband ~ Apr 10, 2014 According to the New York Times and an AT&T blog post, AT&T will be ditching the company’s “rethink possible” marketing mantra and replacing it with “mobilizing your world.” AT&T is ranked number

  • AT&T to Expand Fiber-Optic Service
  • By Equity Research; Zacks ~ Apr 10, 2014 With the upsurge in demand for high speed Internet, AT&T Inc. (T – Analyst Report) remains focused on tapping potential opportunities by expanding its Fiber networks. The company is reportedly expanding its

Archives by Category:

Reminder to Members

Please notify us at: E-mail if you change your contact information, particularly your e-mail address so you continue to receive information from us.

Healthcare reform act passed by congress. It explains just about everything one would want to know about the new law and outlines when certain provisions become effective.