Just got my open enrollment brochure emailed today. Premiums going up 20%, deductible going up, MOOP going up. Of course, the amount 3M contributes to the HSA doesn’t increase.
Seems like they are trying to push people into the new “variable co-pay plan”. Bill Brown must be a getting a nice kickback from UHC!
Sadly, it's not ragebait. First, you misunderstood the post. I said we pay $18k with the supplement and IRMMA. Not just IRMMA. Here's the breakdown:
Medicare with IRMAA - ~$360/month (I forget the exact number. It's like $187 medicare and $187 IRMMA)
BCBS supplement - $330/month (going up to 370 next year)
Rx - $10/month + $30 IRMAA/mo
Dental - $60/month
$790/month x 12 = $9480
$9480 x 2 people = $18960/yr
So, I underestimated in original post. It will go up at least $1k next year due to supplement increase. No idea about other increases yet, but they are sure to come.
@18h it's better than not having a job, if you like to do stuff like paying your mortgage.
Other than that, there's not a lot to recommend it these days.
I got my packet in the mail even though our plant is closing in a couple months....
Someone remind me of the benefits of working for 3M? Why should I stay?
@dx 3M got rid of glp1 coverage in 2026
The 18k irrma comment is rage bait. To pay that you would need to make 750k per year in retirement income.
Must be rough to be able o complain about the IRMAA surcharge.
Whatever one thinks about 3M"s plan, it sure beats Medicare. With a supplement (and due to IRMMA), my wife and I pay ~$18k+ per yr for medical and dental (no vision)
I left 3M this year. 3M Cobra was offered at ~$1,700/mo to cover me and my spouse (about the same cost and coverage as the non subsided MNsure plans we went with). Prior to retiring, our 3M insurance copay was ~$300/mo. That puts the pretax value of the 3M plan around $17,000 per year for a family of two, give or take. As insurance costs increase, don’t count on 3M to pick up the difference - that’s on you through higher copay and deductibles, one of the many ways worker compensation continues to be reduced by executives whose compensation continues to rise.
Try finding better insurance at other companies. My daughter works in HR at her company. They have a $6k deductible and pay way more than we pay for our most expensive plan. They also have to pay for any LTD or STD coverage. And, their Vacation and sick is rolled into one bucket. 10 years gets you three weeks total. So we don't have it all that bad when it comes to benefits.
At least you’re not paying $3,000 a month for COBRA yet.
Everyone is using health insurance more for GLP-1s. So of course it's going to cost more. These increases are hitting all other companies and individuals health insurance plans.
Actually, back in the day, the medical coverage was very good. But, been getting steadily worse year after year.
Uh....the healthcare coverage has always been marginal at best. But there is always enough money for stock buy backs and anything executive compensation related.
Never forget you/we are all just a commodity. If not tied to legacy benefits its best to go elsewhere...there are opportunities outside of 3M.