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Despite the financial penalty, 45,646 retirees have declined the Advantage plan in favor of staying on Senior Care, according to data provided to the Daily News by City Hall.
The new Medicare Advantage Plus Plan has for months raised concerns from the NYC Organization of Public Service Retirees, a group of ex-municipal workers who fear it could water down their...
Shaun D. Francois I, the president of DC 37, and Michael Mulgrew, the president of the United Federation of Teachers, advanced a plan that would move all retired New York City employees from traditional Medicare into a new, privately run Medicare Advantage plan.
Rising Medicare Part D premiums come as retirees receive a much smaller Social Security cost-of-living adjustment in 2024 — 3.2% compared to the 8.7% increase in benefits they received in 2023.
In 2023, the UFT negotiated with the City for a plan that would move UFT retirees and other retired New York City workers from traditional Medicare into a new, privately run Medicare Advantage plan. Large numbers of UFT retirees have complained about the proposed plan. [14]
In January 2024, Elevance Health filed a lawsuit with the Department of Health and Human Services (HHS) challenging changes in the Medicare Advantage star rating methodology. Star ratings are tied to key bonus payouts, and due to the new rating system in 2024 ratings have significantly decreased.
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