GE Retiree Benefit Solutions Facebook Feed
# **"Medicare & Dental Coverage--A Closer Look–From KFF–Kaiser Family Foundation"**
**By Brian Demo--Solutions Benefis Advocate--July 29, 2021**
**Key Findings & Facts--Possible Legislation to include Dental, Vision, & Hearing.**
**Go Here to Read the Article on Brians Benefits Advocate Page--**
**https://www.geretireesolutions.org/medicare-and-dental-coverage-a-closer-look-from-kff-kaiser-family-foundation/** ... See MoreSee Less
Go Here to Read the Article on Brians Benefits Advocate Page-- www.geretireesolutions.org/medicare-and-dental-coverage-a-closer-look-from-kff-kaiser-family-foun...
I do not pay for dental or vision insurance. I have felt that my out of pocket would be approximately the same regardless. But obviously would welcome a benefit that reduce/eliminate my out of pocket.
As I have said many times--**we are NOT ONLY an Advocacy Group to protect your GE Benefits...we are also an Activist Group to try to support Legislative activity that will benefit our Retirees & Dependents.**
**One of our No. 1 Concerns is Prescription Costs!**
# **"Pass Bills to Lower Drug Prices"**
**For years there has been talk in Congress about reducing the high price Americans pay for prescription drugs. Numerous bills have been introduced in the House and Senate, but no meaningful legislation has been enacted. The NRLN is supporting two House bills and three Senate bills that would lower drug prices. Click the TAKE ACTION link below to access the NRLN’s sample letter to tell your Representatives and Senators to pass those bills.**
**Please join us in Taking Action to support these legislative actions-- go here-- Click the button that says "Take Action" under Pass Bills to Lower Drugs Prices. It will ask for your address and zipcode---so you can sign the petition to your Congress person & Senators-- www.nrln.org/SE.html#/** ... See MoreSee Less
Link-- Please join us in Taking Action to support these legislative actions-- go here-- Click the button that says "Take Action" under Pass Bills to Lower Drugs Prices. It will ask for your address and zipcode---so you can sign the petition to your Congress person & Senators-- www.nrln.org/SE.html#/
Would all please pray for Connie Vick and her family. Connie’s husband Ray has passed away. I had the privilege of getting to work with Ray at the Strother facility. Ray is a great guy and many, many of his friends are going to really miss him. This is a tough time for Connie and I know she can use all the prayers we can give her at this time. For those who don’t know Connie is the treasurer of the Solutions group and a officer ... See MoreSee Less
Prayers for the family
Lifting the family up in prayers
Prayers for Connie and family
Prayers for Connie , family and friends. Praying for peace and comfort during this time🙏🙏🙏
Prayers for Connie. And for all who love Ray.
So sorry R.I.P.
So sorry Connie. Prayers for strength and comfort.
Prayers 🙏 🙏
Prayers for Connie and her family.
Prayers for peace and comfort!
My wife's nephews father has passed away and he was a GE retiree and his father's GE benefits book was lost and I am a retiree and was wondering how he could get in touch with someone to help him out. He retired from GE Plastics in Ottawa, Illinois. Thanks. ... See MoreSee Less
Try My.Benefits.com or call 800-432-3450
You can log into your SSO and find the information your looking or call the pension/benefit vent at 1-800-432-3450 M - F 9am to 5pm EST. If you run into any problems as the benefit advocate for the group please e-mail me at firstname.lastname@example.org or email@example.com
Let's welcome our new members:
Linda Evans Barton ... See MoreSee Less
Welcome to the group!
Welcome to our Group!
Welcome to the group!
Welcome to the group! 😁
Hello and welcome!
Welcome to the group
# **What Would Boosting the Minimum Wage Mean for All; But Especially for us Seniors/Retirees?**
**This article just offers some food for thought. Our kids, our grandchildren; the poor, women... would ALL benefit from a minimum raise!**
The nation’s current minimum wage of $7.25 per hour has not been increased since 2007. The Raise the Wage Act of 2021 (S. 53 and H.R. 603) would increase the federal minimum wage from its current rate in five steps to $15 per hour by 2025. The first step, effective June 1, 2021 would raise the minimum wage to $9.50 per hour. Although many retirees may question what impact an increase in the minimum wage would have on their lives, the increase could make a difference for seniors (anyone over 55; or those seniors that would like to earn additional money).
**Who Would Be Affected?**
A common myth, often repeated, is that an increase in the minimum wage would primarily affect teenagers. Actually, fewer than 10 percent of those affected by an increase are teenagers. To the contrary, more than half of the 32 million workers who would benefit by an increase are age 25-54, and 59 percent are women. The 32 million workers who would be affected represent 21 percent of the wage-earning workforce.
Workers age 55 or older will be impacted more than teenagers. In fact, 15 percent of workers age 55 or older would receive a pay increase. Although the majority of workers who would benefit from increasing the minimum wage are white, 31 percent of all African American workers would receive a raise, while 26 percent of all Latino workers would benefit.
**What Would an Increase Mean for the Economy?**
Research conducted by the Economic Policy Institute, a leading Washington think tank, concluded that raising the minimum wage to $15 per hour in 2025 would generate $107 billion in additional wages for workers, providing workers an extra $3,300 per year. The additional wages will benefit local and state economies because low-wage workers, like many Social Security recipients, need every penny of their monthly checks to make ends meet, so they will spend any additional earnings to meet their basic needs. Any increased spending by low-wage earners will flow into the community and stimulate the overall economy. This contrasts with higher wage-earners, who tend to save a portion of any additional income. Also, an increase in the minimum wage will help reduce income inequality by increasing pay at the lower end of the wage scale. In fact, two-thirds of the working poor would receive a pay increase.
**What Is the Impact on Seniors?**
**For those 15 percent of affected workers who are age 55 and older, an increase from $7.25 per hour to $15.00 per hour will make an enormous difference in a senior’s quality of life. ** An individual working full-time at the current minimum wage earns approximately $15,000 per year, somewhat less than what an average Social Security retiree benefit of $18,500 per year. An increase to $15.00 per hour would boost annual full-time wages by $3,300 per year, bringing earnings in line with the average yearly Social Security benefit. **For those older workers whose wages are increased, the added earnings would ultimately be reflected in the calculation of their Social Security benefit and motivate more seniors to delay claiming their Social Security benefits thereby increasing their future payment.**
Contrary to the belief that higher minimum wages trigger forced early retirements, research conducted by economists from the University of Illinois in 2019 found that higher minimum wages may have small positive effects on the labor supply of workers in the key age 62-70 demographic. The researchers noted that employment went up for workers at retirement age, suggesting that minimum wage increases kept seniors in the labor force longer.
The $15 minimum wage is not simply an economic issue. It is a moral imperative for the nation to stand behind the tenet that people who work hard and play by the rules should be able to support themselves. The increase will begin to address the unacceptable income divide in this country. According to a 2018 study from the Urban Institute, an increase in the minimum wage to $12 per hour and subsequent adjustment for inflation would, by 2065, offset 57 percent of the current projected retirement income lost to wage inequality. T**oday’s seniors can expect that their 20-year-old grandchildren, just entering the workforce, will benefit from the lasting impact of this increase when they retire over 40 years in the future.**
**What Is the Impact on Social Security?**
According to a recent report from the Congressional Budget Office (CBO), an increase in the minimum wage would increase average Social Security benefits because initial benefits are indexed to economywide average wages, which would reflect the national increase. CBO also projects an increase in Social Security cost-of-living adjustments based on its prediction that inflation will increase.
Additionally, CBO predicts that revenues from payroll taxes for Social Security are expected to increase by $11.8 billion from 2021 to 2026. ... See MoreSee Less
The problem with the increased wage comes higher prices on all national products that takes away the increase of the wage so the people that did not get a wage increase ( people that make more then the minimum wage) will suffer in debt with the minimum wage people now for the price of living will go up to make up the difference to pay the increase on wages. This has been going on for years and is a cycle that will not stop until the playing field is level on wages which will never happen.
# **Humor for the Week-- VIDEO--"Millennials Show Us What ‘Old’ Looks Like" - AARP**
**Watch this...You will REALLY ENJOY it!! Some of us "oldies" changed their minds about us!!**
**What age do you consider to be old? We posed that question to millennials and asked them to show us what “old” looks like. Then we introduced them to some real “old” people. Watch what happens when folks let go of their outdated beliefs and embrace the idea that aging is not about decline - it’s about growth. **
Millennials Show Us What ‘Old’ Looks Like - AARP
We asked millennials, "What age do you consider to be ‘old’?” Then we introduced them to some real ‘old’ people. Watch what happened. ... See MoreSee Less
I’m in my upper 70’s and constantly being told where I work “you out work everyone here and your knowledge/comfortable use of electronic devices is outstanding“.
Well in my day…… lol.
Here's one Joe Burns--LOL!
You young whippersnapper!
Really enjoyed the video! Thanks for sharing! 🙂
Nice video thanks
# **Boost Social Security Benefits NOW Petition--PLEASE SIGN!**
**Petition Link in the Comments Section Below.**
Social Security is the major source of income for most of America’s elderly with 46% of retirees depending on Social Security for 90% or more of their income and an average monthly benefit of just $1,269.
**The Social Security COLA has averaged just over 1% over the past five years with 0% for two of those years, far below the largest spending increase seniors’ face, which is spending on health care.**
**Older Americans spend 20% to 40% of their income on HEALTH CARE, yet those costs are not fully factored into the current COLA formula. We DON't need reductions, we NEED INCREASES!** ... See MoreSee Less
Link to Petition is here-- www.ncpssm.org/campaigns/boost-social-security-now/sign-the-petition/
WARNING: If you don't want to sign our Petitions--that's fine--but I am WARNING people--DON'T try to make this some kind of political issue!
We are first and foremost an Advocacy Group; but we are also an Activist Group--we believe in fighting for, and protecting/improving ALL YOUR Benefits--Corporate Healthcare, Corporate Pensions; Federal -Social Security & Healthcare (Medicare).
We collaborate with many different Retiree/Senior Organizations to achieve that goal--there is Power in Numbers.
# **One of My Pet Peeves--Out of Control Drug Prices-- that Cause People to Skip Medications! Click on the Image Below to See Examples!!**
**"Prescription Drug Price Increases Continue to Outpace Inflation" From AARP-- June 7th**
In 2020, prices for 260 commonly used medications whose prices AARP has been tracking since 2006 increased 2.9 percent while the general rate of inflation was 1.3 percent, according to a recent AARP “Rx Price Watch” report.
**For example, between 2015 and 2020**, the annual price of **Victoza, a diabetes medication, increased by 42 percent,** with the price of a year’s supply rising from $7,936 to $11,300. During that same period **the price of Lyrica, used to treat fibromyalgia, increased by 47 percent **— from $5,827 a year to $8,562.
**“Americans over the age of 50 use more prescription drugs than any other segment of the population. This is not a population that can afford rising drug prices.”**
**Link to the Article is in the Comments Section below. TAKE ACTION Link Below in the Comments Section!** ... See MoreSee Less
TAKE ACTION NOW (Speak Up Folks) -- Let Medicare Negotiate Lower Rx Prices-- action.aarp.org/secure/202105-adv-alert-medicare-rx-sms?cmp=SNO-ADV-TW&socialid=4789472513
But wait! If you use goodrx (on Duexis) you can get it for $2486.22 at Costco. What a savings huh!! I hope you all know I'm being sarcastic. These prices are absolutely ridiculous! EVEN if medicare or Plan D pays for it, that is still highway robbery!!! Please sign the petition!
Beware-I read some insurance companies are trying or will raise their premiums this up coming enrollment!! BIG TIME! Some are asking as high as 8.6%. Be on the look out & correct me if I'm wrong. Appreciate any feedback. This article was in the Hartford Courant, CT. We may need a petition (John Phelps) if this is the case. ... See MoreSee Less
Does anyone know why my pension check would have been 61 dollars short ￼￼ ... See MoreSee Less
Thank you 😊!!
My changed also & I have no dependents.
No change for me
ASK WHY CALL UP U EARNED IT David Graves IDE BE PISSED
Mine was short $22.63 and then there was a Deposit and withdrawal from GE payroll for the same amount!?!?
No change for me.
look at onehr.ge.com under your checks and see where the difference is at
Mine was short about 22.00, that amount was deposited 3 days later.
Thank y’all for all your help
Let us know what you discover, please.
I know this information has been posted time and time again but cannot get into the GE benefits web site. Husband has been retired almost 10 years and I dont know how to get into the GE benefits site. It asks for SSO and will send it to GE e-mail which my husband does not have. How can i find out how much life insurance he has and how to access it to pay for funeral costs. My husband has "Lou Gherig Disease and is on hospice care. I tried Via and can only get reimbursement information. Anything you can send me will be greatly appreciated. I had everything printed out and now cant find it as i put it "Where I could find it." and now that i need it cant find it. ... See MoreSee Less
The phone number for GE Benefits is 800-432-3450
So sorry to hear about your husband.
Brian W Demo mY be able to assist with this.
If you go to the benefit site and click forgot password, it will take you to a page to put in his SSO and a security code. Once you do that it should take give the option of verifying who you are with the last 4 of your husband’s SSN and birthdate. If that doesn’t work call me and I can walk you through it. (518) 630 7284.
Charlene I’m sorry to hear about your husband. You can call 1-800-432-3450 which is the benefit website M-F 9 to 5 EST. If you run into any problems accessing the Benefit Center please contact me and I will see what I can do for you. firstname.lastname@example.org or email@example.com
If your spouse is determined to be terminal and less than a specific time to live you may have the option to withdraw up to 50% of his life insurance to pre pay funeral expenses. Ask 1-800-432-3450 about this also, Charlene Doty
# **Do You Remember Faces & Names???**
**A Video & Some GREAT Techniques!**
People who are good with names or never forget a face are that way because they work at it. And, odds are, if you know someone with these skills, you perceived them as charming, kind, and genuinely interested in you. You can be one of those people, too. All it takes is practice — like any skill that’s worth acquiring. In this challenge, you’ll learn **Specific Techniques and Strategies** that anyone can use to get better with names.
Link is here--https://stayingsharp.aarp.org/challenges/faces-names/ ... See MoreSee Less
I know I struggle with remembering names--it's embarassing. This is a great article about techniques and skills to help me remember. Link is here--https://stayingsharp.aarp.org/challenges/faces-names/
I have a real hard time remembering names!