Thread regarding Chevron Corp. layoffs

Thank you for your candidness -8jhu. As the readers can appreciate, the medical costs for a pre-65 retiree are high. That’s $1262 for a family and ~$1150 for two people only, under 65 years old. Healthcare in the United States is definitely a “For Profit” business. Big Profit at that! This has to be the top issue Americans should push for in all elections from now on. Other developed countries have just as adequate medical care, but don’t charge anywhere as much as in the USA. Outrageous that big medical and big pharma hold its people hostage like this.

I pay $1262/mo as a retiree under 65 for my family, including spouse and kids. This covers the standard (not high-deductible) Medical PPO and the Dental PPO.

@8rxj, I’m not single, just me and spouse. I have the Chevron dental plan at $30, but am opting to postpone the CVX Retiree Medical Plan for three more years until I’m 65. I’m not sure what the PPO #361 is. Is that a high deductible plan? Are you under 65 years old? Your total monthly premiums of $700 may not seem outrageous to you, but for a married couple, as in my case, the Chevron PPO plan was costing us $1150 a month. Sorry, but to me, that’s robbery. My mortgage was that much including escrow for property taxes & insurance before I paid it off three years before retiring.

Okay I'm retired with about the same points as you.

Medical PPO #361

Dental PPO

Together $695.65 mo. Single

6gmj - It is documented. The Chevron Retiree Medical Plan is available after you retire, but you are not obligated to enroll in it as soon as you leave the company. You can go with another insurer, whether through another employer plan if you work elsewhere, or you choose to purchase one privately, or even live for a while without medical insurance. The only thing that basically changed starting in Jan 2017 was if you retired and were in the Chevron Retiree Medical Plan, then decided to leave it, you are not allowed to return to it later. That is why it’s advisable to look around at other insurers first and compare with the CVX Plan before jumping in blindly. If you can, wait until you are 65 years old before joining the CVX Retiree Medical Plan. Not only will you get a less expensive Medicare Advantage Plan, but the Chevron medical contribution would be able to you to help defray some of the premium costs.

And is it correct that you must select the CVX plan at retirement or you miss out forever? I though one could opt in later. Is this documented?

Good to know -3ncd. When I worked there up until April 2016 when I was told I was left standing, but was able to remain on the payroll for another 60 days, I tried to get this info from HR and from the Benefits Center. Let me tell you, everyone was deaf and dumb. I guess Chevron learned to practice what they preach and are more transparent now, at least about this.

I still work at chevron and Benefits Connection told me what my premium would be if I retired this year.

When in doubt, talk to the right people.

It’s true you can call the Chevron HR Benefits Connection line, but they won’t give you any medical premiums for early retirement UNLESS you are already retired. Ridiculous.

Best thing is to call and ask - Benefits Connection. No repercussions.

The veneer of civil behaviour is also pretentious at best in politics and world diplomacy.

If you didn’t already know it....there are some nasty people in this business. The veneer of civil behaviour is pretentious only.

For many years, I had some real dirt on a prominent manager who for my good luck remained with the company for the duration of my career. I made it very clear to him long ago the documented information I had would be kept between me and him, and so it stayed. Even though I never abused taking advantage with the information I held against him, twice I used his leverage to get two employees fired because I thought they needed to be fired. You see, one can be fired indirectly. Do your job and don’t think you have absolute power over your direct reports. Things can boomerang around when you least expect it.

Nobody is squabbling over 110 bucks. Everyone is more appalled about the low amount of the 100% Chevon medical contribution after one retirees from the company. Transparency is important and questions about the cost of medical insurance is on everyone’s tongue when planning to retire. Yet HR and Chevron’s Benefits Center won’t mention a word of what’s commonly known by all retirees once they are off the payroll. That’s the honest company you work for?

I can’t believe you clowns are squabbling over 110 bucks. If you are near to retirement and this amount means so much to you then you must be on very low salaries. Ever thought of not working for a living and earning more by being a little more creative or adventurous. I bet you have stories on your life that would put anyone to sleep in 5 mins.

Chevron Retiree Medical premiums are night and day compared to active employee premiums. The company and HR will remain extremely quiet on that subject while you are working or even during your last days at work before retiring. This is partly so because premiums can vary widely depending on where you will be residing when you retire, so they remain vague and elusive about the costs. One thing I can testify firsthand about the “100% company medical contribution” is that “100%” does not mean the amount the the company was putting up for you as an employee. Noooo! Not even close. Try believing it only amounts to $110. That’s it. But, that $110 is a help if you are 65 years of age or older because by then, you will be getting Medicare Advantage plan, that is much less expensive as far as your premiums go. At that time, the $110 contribution Chevron kicks is enough to pay for your monthly Medicare Part B premiums.

CVX Retiree HDP (high deductible plan) for two adults is just over $1000/mo. I retired with 82 points so not getting 100% company contribution. I'd say expect to pay 5-6 times what you paid as an employee.