Starting January 1, 2025, United Healthcare will administer our group Medicare Advantage program instead of Humana.
Since 2023, we have been working with Humana. They had given us a two-year rate lock that, unfortunately, expires at the end of 2024. In renegotiating our contract, Humana came back to us with a premium increase that was over two times the current premium. The Conference Board of Pension and Health Benefits decided to look at other options, and United Healthcare returned a very favorable offer that is similar in cost and almost identical in coverage.
Look for more information in the next few months on this change for retirees.
Last Updated on October 1, 2024