IBM withholds healthcare subsidies from certain retirees

TL;DR

Specifically, that insurance shakeup – described by IBM as "reinforcing IBM's commitment to retiree healthcare and wellbeing" – moved Medicare-eligible former employees to a new IBM-sponsored Group Medicare Advantage program as of January 1, 2023.The healthcare shift – which coincided with IBM's $16 billion pension buyout – is described on a Change.org petition as an "outright attack on our defined benefit pension programs," by former IBM employee Steve Bergeron.We are losing our freedom to select our benefits for our families Retired workers who received benefits through a Future Health Account – introduced during a benefits transition two decades ago – and saw those funds transferred to an HRA now have to enroll in one of IBM's new Advantage plans in order to continue to receive the HRA subsidy [PDF].If retirees right now ask Big Blue for more details, they'll be given January 1, 2021 plan documentation – which does not include the changes planned for 2023 – and be told the paperwork is still in the process of being updated.- IBM Consulting orders staff back to the office for at least three days a week - IBM battles to settle yet more age discrimination claims - Source: IBM disguised Watson Health layoffs as a 'redeployment initiative' - Dinobabies latest: IBM settles with widow of exec who killed himself after layoff As things stand, IBM's former employees don't trust the company's Advantage plans or the company itself."

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