To each of you in our retiree family we wish you a very Happy New Year from the Honeywell Employee Services, HR-Services and the Honeywell Retirement Service Center organizations.
With the beginning of this New Year, it gives all of us an opportunity to bring things into order and to try new things. Let us all proceed with what we do knowing that failure is not an option. As “Rocky” put it, “Go for it”!
Here are some things to think about:
In addition, this will be a good time to make note of how to contact the Honeywell Retirement Service Center:
Using “YBR” you will have access to: 1) a Medical Library, 2) Self-Care Centers, 3) Drug Dictionary, 4) “Ask the Experts”, 5) Pools, Quizzes and “calculations” and 6) Manage your health.
Try using our technology and enjoy the degrees of freedom it affords you by enabling you to navigate through the technology to obtain the information you desire. Of course, if there are any remaining questions and you wish to speak to a Customer Service Associate; then, call the Honeywell Retirement Service Center
Honeywell Shared Services
Atlantic Health System (AHS) has informally notified Aetna U.S. Healthcare (AUSHC) that they plan to cease their participation in Aetna's network of quality providers if both parties are not able to agree on mutually beneficial terms for renewal of their contract. AHS is comprised of Morristown Memorial Hospital, Morristown Overlook Hospital, Summit Mountainside Hospital, Montclair, and the General Hospital Center at Passaic, Passaic.
Although AUSHC has not received formal notice of termination, we felt it was important for us to communicate this information to our retirees at this time. We understand that the services provided by these facilities are important to our retirees, and Aetna U.S. Healthcare is committed to working diligently to maintain them in their network. AUSHC has had long-term relationships with these hospitals, and we certainly hope they will continue.
This planned termination has no immediate impact on your access to these facilities. At the very earliest, the first change in access would occur in about 210 days (7 months) for HMO members in accordance with New Jersey regulations. It is AUSHC's belief that the contract with Morristown Memorial and Mountainside do not expire until May 2001.
In an emergency, members should always visit the nearest hospital regardless of network participation status. In the event that Aetna U.S. Healthcare and Atlantic Health System are not able to agree upon mutually beneficial terms for renewal, AUSHC has committed to make every effort to minimize disruption and smoothly transition members to care at other participating facilities. Members will continue to have access to 60 Northern New Jersey medical facilities and an extensive statewide network of 89 acute care hospitals and more than 11,000 quality doctors.
In order to maintain continuity of physicians' relationships with their patients, Aetna U.S. Healthcare is asking doctors to secure admitting privileges at nearby hospitals including: St. Barnabas Medical Center, St. Clare's, St. Mary's, Beth Israel of Passaic, and Muhlenberg Regional Medical Center. Thses facilities offer the same broad range of services provided by the hospitals of Atlantic Health System.
Members with special needs like open heart surgery will still have the option of nearby Jersey Shore Medical Center, Hackensack University Medical Center, Valley Hospital, and St. Barnabas Medical Center. According to the State's most recent report card, Hackensack University Medical Centerand Valley Hospital rated among the top hospitals in the state for the highest survival rate for open-heart surgery. Members will continue to have access to all major teaching hospitals in the greater New York and Philadelphia regions.
Aetna U.S. Healthcare will be establishing a dedicated toll-free phone line to address any questions that members may have. When the line is active, we will pass along that information to our retirees.
Stacey Houston, Manager, Corporate Benefits
AREA Members raised questions about AlliedSignal's recently announced changes to the Retiree Medical plans, at AREA's Fall General Meeting in October 1998.
Brian Marcotte, Corporate Director, Health Care Strategies, AlliedSignal, Inc., has provided the following answers.
Indemnity rates for retirees in areas that offer less than two HMO's, were calculated no differently for 1999 than they were in 1998 (e.g., based on the experience and cost of the plan). If, in the future, two or more HMO's become available in an area, the company will key its contribution off the cost of the HMO's.
The new indemnity plan rates in areas that offer two or more HMO's are based on retirees paying the difference between the cost of the indemnity plan and the cost of the HMO. If the HMO rates increase at a faster pace than the indemnity plan in subsequent years, the retiree indemnity rates will decline.
Indemnity plan rates vary by retirement plan not by retirement date. Employees who retired under the Retiree Medical Plan that went into effect in 1991 are rate based on the experience and cost of that plan and whether or not they have two or more HMO's available. Employees who retired under a different retiree indemnity plan are rated based on the pooled experience of those indemnity plans and whether or not there are two or more HMO's available.
The plans are rated separately because of differences in plan design and the fact that most employees who retired under the Retiree Medical Plan (that went into effect in 1991) are subject to caps on how much the company will contribute to their retiree medical.
The HMO options for retirees in the Morristown area include CIGNA, Aetna US Healthcare (which acquired NY Care), Horizon Blue Cross Blue Shield, and Oxford Health Plans. Prudential does not offer a medicare HMO.
Retirees may contact Retirement Benefits Administration at 1-800-526-0744 to request a Retiree Medical Summary Plan Description (SPD).
Your prescription drug plan encourages the use of medications on the Prescription Drug Formulary, when possible. A formulary is a list of preferred drugs. An independent Pharmacy and Therapeutics Committee, organized by Merck-Medco, who administers your drug benefit, has reviewed these drugs for safety and efficacy. If a formulary drug is not appropriate, you can still choose to use the non-formulary drug. However, in most cases, you will be required to pay a higher copayment. Your plan only covers the additional costs when your use of the drug meets certain approval criteria. You may request a review to receive a copayment adjustment for a non-formulary drug. You should contact Merck-Medco's Prior Authorization Department at 1-800-458-8001 for a "Non-Formulary Drug Copayment Adjustment Request Form". Your Physician will be required to complete the form by answering three questions. If your use of the drug meets the approval criteria for the plan, you will be approved to receive the non-formulary drug at the lower copayment.
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