Thursday, June 17, 2010

US Retiree medical benefits

Regarding the US Retiree medical benefits.

Some people have communicated that they received a notice in the mail today that effective September 1st, 2010 Nortel will no longer be providing employer-subsidized retiree medical benefits along with the optional long-term care plan and retiree life insurance.

The notice said that Nortel has made arrangements for Nortel's 65-and-over population along with approx 95% of the under 65 retirees who live in state where UnitedHealthcare or an affiliated company to purchase replacement insurance at a rate that does not factor in medical history or tobacco use. The UnitedHealthcare information kits are expected to arrive by mail in mid-July.

When I get more information I will post it here.

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