49. How Medicare Advantage Plans are Affected Insurance companies subsidies paid since 1/1/2006 are being phased out in the 2010-2013 period. This will affect 22% of all Medicare eligible participants. Health club memberships may be dropped, premiums and co-pays have been and will continue to go up. Subsidies were paid for by the 78%; from Medicare Trust. Cutting subsidies saves $180 B over 10 yrs. The CBO projects that this money and other Medicare savings will be used to enhance other Medicare benefits and will extend the solvency of the Medicare Trust by nearly a decade. Since funds won’t be needed until later, some savings will be “loaned” via Treasury bills to pay Non-Medicare expenses such as for the uninsured. 1-12-2010
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51. NRLN 2010 Member Survey 1-12-2010 Participants – 9,891 or 18% of 54,000 responded; retired from 118 companies; 2% employed; 83% salaried; 14% formerly union; 40% at least 70 ½; 68% were 65+; 31% were 55-60. 40% have Facebook webpage & 2% twitter. Results – 91%+ said NRLN should stay the course & rated their top preferences for NRLN action as: Pension asset protection; Maintenance of Cost Protection for company health care plans; adding Catastrophic Coverage to Medicare; Lower Cost Prescription Drugs. 76% want NRLN insurance choices, 65% want insurance assistance. Weaknesses – Only 31% have read their NRLN legislative agenda and only 53% read Action Alerts or take action.
67. Who makes pension payments to Kodak retirees? For those who retired through 1983, Metropolitan Life made payments as a result of annuities purchased by Kodak For retirees post 1983, Mellon Bank has made payments out of the assets of Kodak’s pension fund – the Kodak Retirement Income Fund (KRIP)
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72. Disclaimer EKRA Ltd. The information being presented today was obtained from reliable sources but has not been confirmed by Kodak
73. The End EKRA, Ltd. Building a Bridge to the Future EKRA Ltd.