A committee of New York City labor leaders voted to approve a new Aetna-run Medicare Advantage plan for municipal retirees Thursday — a move that will force many former city workers off of their existing health coverage.
, could bring in an estimated $600 million annually in federal subsidies that are available to Medicare Advantage plans, according to the city.
A side-by-side comparison between SeniorCare and Aetna’s Medicare Advantage plan reveals that the new coverage has a lower annual deductible About 25,500 retirees are already enrolled in a separate Medicare Advantage plan the city offers as an alternative to SeniorCare, known as HIP VIP and they will not have to switch plans, according to City Hall spokesperson Jonah Allon.
At a City Council hearing on the switch in January, city officials said Aetna’s Medicare Advantage plan was being customized for New York City retirees and wouldn’t have the same issues as other plans bearing this moniker. Services that will need prior authorization include hospital inpatient care, physical therapy, long-term nursing care and some specialty medications – with exceptions for emergency or urgently needed care. This list will be subject to review every two years and could change, with the approval of the city and Municipal Labor Committee.In a statement, Aetna spokesperson Ethan Slavin said the plan underwent a “thorough” review by the Municipal Labor Committee.
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