Recently I met with a new client who also brought her friend who is on a retiree HMO plan. In the case of this retiree, he is paying over $500/mo. for his retiree medical plan which is under a carrier who also offers a Medicare Advantage HMO with no premium and lower copays. I suggested that he compare his retiree health retirement benefit with what he would be able to access by going to one of the Medicare Advantage plans offered in his area.
Sometimes it benefits the individual to stay with their retiree plan, other times they may find that by switching to non-retiree Medicare insurance option s/he will receive their needed coverage with lower premiums and lower out of pocket costs. If you know of someone in this position, suggest that they meet with a reputable insurance agent to compare the Medicare insurance options available in their region with the benefits offered by their retiree plan. Caution: if an individual disenrolls from their retiree plan, they can not re-enroll.