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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Intel Medicare Part A Hospital Insurance

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Healthcare Provider Update: Intel's Healthcare Provider and Upcoming Costs Intel primarily utilizes benefits through various healthcare providers, with many employees accessing plans from major insurers like UnitedHealthcare, Anthem Blue Cross Blue Shield, and others depending on geographical region and specific plan offerings. As we look ahead to 2026, healthcare costs are anticipated to rise significantly, potentially impacting Intel employees and their families. With ACA premium hikes exceeding 60% in some states and the expiration of enhanced federal subsidies looming, many individuals could see their premiums increase by over 75%. Additionally, a rising trend in medical expenses, driven by inflation and supply chain challenges, coupled with escalating pharmaceutical costs, threatens to further strain household budgets. Consequently, these developments necessitate strategic planning by Intel employees to alleviate the financial burden associated with healthcare coverage in the coming year. Click here to learn more

Employees from Intel companies should make it a point to review their Medicare Part A benefits ahead of time to steer clear of any surprise expenses. The costs linked to coinsurance and deductibles can pile up before you know it. Partnering with a consultant such as Brent Wolf from The Retirement Group at Wealth Enhancement Group can make the process of transitioning into retirement health planning much smoother.

'Navigating through Medicare Part A may pose challenges for Intel workers. It can get complicated when dealing with benefit periods and coverage restrictions. Seeking advice from Kevin Landis at The Retirement Group—a part of Wealth Enhancement Group—can assist employees in creating a tailored plan to handle healthcare expenses during their retirement years.'

In this article, we will discuss:

1. Exploring Medicare Part A, its coverage details for Intel staff members, and associated expenses.

2. Understanding Benefit Period Guidelines and Coverage Information in Medicare, including determination of benefit period length for inpatient hospital care and skilled nursing facility services.

3. Expanded Medicare Part A Benefits include services for home healthcare support and hospice care, along with coverage for hospital stays and the opportunity to take part in research studies.

What is this thing?

Many big companies in the Intel are worried about Medicare Part A. It is the part of Medicare that doesn't come with a premium and is open to everyone who meets the criteria*. Medicare Part A covers hospital stays, hospice care services, and skilled nursing facilities, along with home health care services.

While Part A might be complimentary for individuals, it's crucial for Intel clients to know that those requiring coverage may end up shelling out about $499. Furthermore, there are expenses that Intel staff should keep in mind, such as:

The coinsurance charges for hospital stays of 61 to 90 days will go up by $11 to reach $400 per day in 2023 as compared to $389 per day in the year 2022.

In the year 2023, the coinsurance amount for stays at skilled nursing facilities ranging from 21 to 100 days is set to rise from $194 in the previous year to $200, reflecting a hike of $6.

You may need to pay a 20 percent copayment for health services linked to hospitalization.

What exactly is included in Medicare Part A coverage?

One common query from our clients at Intel is about the coverage provided by Medicare Part A regarding medical care expenses. It includes:

Patients being admitted to the hospital. During stays at nursing facilities, individuals receive skilled nursing and rehabilitation care as opposed to staying in custodial nursing homes. Mobile healthcare services Nursing patients in a hospital. End-of-life care

Medicare Part A coverage depends on the duration of benefit periods.

How are the durations of benefits decided upon?

Some of the companies listed in the Intel might be wondering about how they figure out benefit periods for their employees' healthcare coverage plans. Under Medicare Part A rules, once you're admitted to a hospital or skilled nursing facility for treatment for an illness or injury, a benefit period of 60 days begins. During this time, if there's no need for care and 60 days pass by without interruption, then the benefit period ends. Medicare won't pay for services that are mainly focused on care like help with bathing or eating. There's a deductible to pay at the start of each benefit period to keep in mind.

Your Medicare coverage continues for 60 days after you leave the hospital or skilled nursing facility following an illness spell or medical treatment period. During this time frame, any readmission within 60 days is considered part of the coverage period by Medicare, whereas being readmitted more than 60 days later is seen as a new medical event by the program. The positive news is that you won't have to pay a deductible if you're admitted again within 60 days; however, the downside is that your initial admission will be factored into the coverage calculation under Medicare's 60-day limit for full coverage support. Medicare extends coverage for a number of episodes over a person's lifetime.

Uncle George was admitted to the hospital on June 1 and discharged on July 31st, only to be readmitted on November 1st. After Uncle George covers his deductible again in November, Medicare will cover all his expenses until December 30. If Uncle George gets readmitted to the hospital within 60 days of his discharge on July 31, there will be no extra deductible to pay.

Hospitalization Insurance Coverage

Medicare will provide coverage for the hospital admissions:

You will cover all expenses for a maximum of two months of hospitalization after meeting the requirement in 2022 at a cost of $1,556 per benefit cycle. After two months have passed following the start of their benefits scheme in 2022, recipients are expected to cover coinsurance expenses at a rate of $389 per day. Beneficiaries also have the right to a 60-day reserve for their lifetime, during which they need to pay $778 per day for days 91 to 150 if they choose to use these reserve days in 2020. If you opt not to tap into your lifetime reserve fund for expenses covered by Medicare and stay in the hospital for 90 days or receive care for 60 days without a caregiver's assistance, for the condition after exhausting your reserve fund options.

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Tip: Part A coverage takes care of all the expenses for hospital services that are approved by Medicare, except for the bills from your physician, which fall under Part B coverage.

Types of Services Included in Part A

We want Intel clients to know about the services included in Part A.

In a secluded room.

Nursing care is provided in both settings and specialized facilities, like care units to meet various needs of patients. Medicine given while in the hospital. Laboratory tests for diagnosis. The field of radiology and radiotherapy Medical items like bandages and IV tubes Incorporating the use of devices like wheelchairs Fees for the theater and post-op area Rehabilitation services offered at hospitals include therapy and speech therapy programs.

Medicare doesn't cover things like a TV in your room or a private room unless it's medically required based on your condition.

Insurance for Professional Nursing Home Services

So what is a nursing home exactly? In short, it's not the same as a nursing facility! Medicare won't foot the bill for care in a nursing home. It does cover care in a nursing facility, whether it's within a hospital setting, as part of a standalone facility, or even located within a nursing home setup itself! The key point to note is the kind of support that's offered. In a nursing facility, you can expect to receive nursing and rehabilitation services that are deemed medically necessary.

Insurance for health hospitalization

Medicare Part A provides coverage for services during psychiatric treatment as it does for hospital stays in a general hospital.

Hospice Care Insurance Coverage

End-of-life care is a form of treatment for those facing illnesses or conditions nearing the end-of-life stages. Medicare Part A offers support for managing symptoms and pain control to terminally ill individuals in their homes or residing facilities. To qualify for coverage:

Medicare must authorize the healthcare provider to offer hospice services. The doctor and the head of the hospice program need to confirm that the patient is expected to live for six months or less and is critically ill.

Inserted Analogy:

Picture Medicare Part A Hospital Insurance as a base for your healthcare requirements during retirement. Similar to a strong structure that ensures safety and reassurance for you and your loved ones, Medicare Part A plays a role for individuals in need of coverage for hospital care that requires admission.

Sources:

1. Centers for Medicare & Medicaid Services.   2025 Medicare Costs.  CMS, Dec. 2024,  https://www.medicare.gov/publications/11579-medicare-costs.pdf .

2. Humana Inc.   Understanding the Medicare Benefit Period and Part A.  Humana, 2023,  https://www.humana.com/medicare/medicare-resources/benefit-period .

3. Centers for Medicare & Medicaid Services.   Inpatient Hospital Care Coverage.  Medicare.gov, 2025,  https://www.medicare.gov/coverage/inpatient-hospital-care .

4. Centers for Medicare & Medicaid Services.   Medicare Benefit Policy Manual, Chapter 3: Duration of Covered Inpatient Services.  CMS, 4 Oct. 2019,  https://www.cms.gov/regulations-and-guidance/guidance/manuals/downloads/bp102c03pdf.pdf .

5. Hartman, Rachel.   Medicare Costs Are Going Up in 2025—Here's the Impact on Your Wallet.  Investopedia, Nov. 2024,  https://www.investopedia.com/what-medicare-will-cost-you-in-2025-8744175 .

How does the Intel Pension Plan define the eligibility criteria for employees looking to retire, and what specific steps must they take to determine their benefit under the Intel Pension Plan?

Eligibility Criteria for Retirement: To be eligible for the Intel Pension Plan, employees must meet specific criteria, such as age and years of service. Benefits are calculated based on final average pay and years of service, and employees can determine their benefits by logging into their Fidelity NetBenefits account, where they can view their projected monthly benefit and explore different retirement dates​(Intel_Pension_Plan_Dece…).

What are the implications of choosing between a lump-sum distribution and a monthly income from the Intel Pension Plan, and how can employees assess which option is best suited for their individual financial circumstances?

Lump-Sum vs. Monthly Income: Choosing between a lump-sum distribution and monthly income under the Intel Pension Plan depends on personal financial goals. A lump-sum provides flexibility but exposes retirees to market risk, while monthly payments offer consistent income. Employees should consider factors like their financial needs, life expectancy, and risk tolerance when deciding which option fits their situation​(Intel_Pension_Plan_Dece…).

In what ways can changes in interest rates affect the lump-sum benefit calculation under the Intel Pension Plan, and why is it essential for employees to be proactive about their retirement planning concerning these fluctuations?

Interest Rates and Lump-Sum Calculations: Interest rates directly affect the lump-sum calculation, as higher rates reduce the present value of future payments, leading to a smaller lump-sum benefit. Therefore, it's crucial for employees to monitor interest rate trends when planning their retirement to avoid potential reductions in their lump-sum payout​(Intel_Pension_Plan_Dece…).

How do factors like final average pay and years of service impact the pension benefits calculated under the Intel Pension Plan, and what resources are available for employees to estimate their potential benefits?

Impact of Final Average Pay and Years of Service: Pension benefits under the Intel Pension Plan are calculated using final average pay (highest-earning years) and years of service. Employees can use available tools, such as the Fidelity NetBenefits calculator, to estimate their potential pension based on these factors, giving them a clearer picture of their retirement income​(Intel_Pension_Plan_Dece…).

How should employees approach their financial planning in light of their Intel Pension Plan benefits, and what role does risk tolerance play in deciding between a lump-sum payment and monthly income?

Financial Planning and Risk Tolerance: Employees should incorporate their pension plan benefits into broader financial planning. Those with a lower risk tolerance might prefer the steady income of monthly payments, while individuals willing to take investment risks might opt for the lump-sum payout. Balancing these decisions with other income sources is vital​(Intel_Pension_Plan_Dece…).

What considerations should Intel employees evaluate regarding healthcare and insurance needs when transitioning into retirement, based on the guidelines established by the Intel Pension Plan?

Healthcare and Insurance Needs: Intel employees approaching retirement should carefully evaluate their healthcare options, including Medicare eligibility, private insurance, and the use of their SERMA accounts. Considering how healthcare costs fit into their retirement budget is crucial, as these costs will likely increase over time​(Intel_Pension_Plan_Dece…).

How can employees maximize their benefits from the Intel Pension Plan by understanding the minimum pension benefit provision, and what steps can they take if their Retirement Contribution account falls short?

Maximizing Benefits with the Minimum Pension Provision: Employees can maximize their pension benefits by understanding the minimum pension benefit provision, which ensures that retirees receive a certain income even if their Retirement Contribution (RC) account balance is insufficient. Those whose RC accounts fall short will receive a benefit from the Minimum Pension Plan (MPP)​(Intel_Pension_Plan_Dece…).

What resources does Intel offer to support employees in their retirement transition, including assessment tools and financial planning services tailored to those benefiting from the Intel Pension Plan?

Resources for Retirement Transition: Intel provides several resources to support employees' transition into retirement, including financial planning tools and access to Fidelity's retirement calculators. Employees can use these tools to run scenarios and determine the most beneficial pension options based on their financial goals​(Intel_Pension_Plan_Dece…).

What strategies can retirees implement to manage taxes effectively when receiving payments from the Intel Pension Plan, and how do these strategies vary between lump-sum distributions and monthly income options?

Tax Strategies for Pension Payments: Managing taxes on pension payments requires strategic planning. Lump-sum distributions are often subject to immediate taxation, while monthly income is taxed as regular income. Retirees can explore tax-deferred accounts and other strategies to minimize their tax burden​(Intel_Pension_Plan_Dece…).

How can employees of Intel contact Human Resources to get personalized assistance with their pension questions or concerns regarding the Intel Pension Plan, and what specific information should they be prepared to provide during this communication?

Contacting HR for Pension Assistance: Intel employees seeking assistance with their pension plan can contact HR for personalized support. It is recommended that they have their employee ID, retirement dates, and specific pension-related questions ready to expedite the process. HR can guide them through benefit calculations and options​(Intel_Pension_Plan_Dece…).

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Intel offers a Minimum Pension Plan with a cash balance component. Benefits are calculated based on years of service, final average pay, and excess final average pay. Employees can choose between a lump-sum payment or monthly annuities upon retirement.
Layoffs and Restructuring: Intel is laying off around 12,000 employees as part of its restructuring plan to focus on cloud computing and data centers. Operational Strategy: The company is shifting its focus from PC-centric to data-centric businesses (Source: CNBC). Financial Performance: Despite the layoffs, Intel reported a strong financial performance in Q4 2023, with revenue increasing by 8% year-over-year (Source: Intel).
Intel Corporation provides stock options (SOs) and RSUs as part of its equity compensation packages. Stock options allow employees to purchase company stock at a fixed price after a specified vesting period, while RSUs vest over a few years based on performance or tenure. In 2022, Intel enhanced its equity programs with performance-based RSUs to align employee incentives with corporate goals. This trend continued in 2023 and 2024, with broader RSU availability and performance-linked stock options. Executives and middle management receive significant portions of their compensation in stock options and RSUs, fostering long-term alignment with company performance. [Source: Intel Annual Report 2022, p. 45; Intel Q4 2023 Report, p. 23; Intel Q2 2024 Report, p. 12]
Intel Corporation has been consistently updating its employee healthcare benefits to adapt to the changing economic, investment, tax, and political environment. In 2022, Intel introduced enhanced fertility benefits, offering up to $40,000 in fertility treatments and $15,000 for adoption expenses without any lifetime cap. These benefits are designed to support employees in starting or expanding their families, reflecting Intel's commitment to employee well-being and family support. Additionally, Intel provides comprehensive health coverage that includes medical, dental, and vision insurance, along with mental health support through various wellness apps like CALM, Modern Health, and Headspace. In 2023, Intel further bolstered its healthcare benefits by integrating advanced AI solutions to improve healthcare delivery and efficiency. Intel's AI technology is being used in medical imaging, predictive analytics for early intervention, and enhancing telemedicine services. These innovations aim to provide better healthcare support to employees by enabling more accurate diagnostics and efficient healthcare management. Intel's focus on leveraging AI for healthcare aligns with its broader strategy to drive innovation and improve employee health and productivity, ensuring the company remains competitive in a dynamic economic landscape.
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For more information you can reach the plan administrator for Intel at 2200 mission college blvd Santa Clara, CA 95054; or by calling them at 1-408-765-8080.

https://www.intel.com/content/dam/www/central-libraries/us/en/documents/2022-08/benefits-overview-guide-us.pdf - Page 5, https://assets.ey.com/content/dam/ey-sites/ey-com/en_us/topics/tax/ey-us-employment-tax-rates-and-limits-for-2023-october-25.pdf?download - Page 12, https://www.ajg.com/us/-/media/files/gallagher/us/news-and-insights/2024-retirement-plan-limits.pdf - Page 15, https://www.intel.com/content/dam/www/central-libraries/us/en/documents/2023-11/climate-transition-action-plan-2023.pdf - Page 8, https://www.intel.com/content/dam/www/central-libraries/us/en/documents/2022-08/benefits-overview-guide-us-2.pdf - Page 22, https://assets.kpmg.com/content/dam/kpmg/us/pdf/2022/10/22323.pdf - Page 28, https://www.irs.gov/pub/irs-drop/rr-22-02.pdf - Page 20, https://www.intel.com/content/dam/www/central-libraries/us/en/documents/2023-11/climate-transition-action-plan-2023-2.pdf - Page 14, https://www.intel.com/content/dam/www/central-libraries/us/en/documents/2023-11/climate-transition-action-plan-2023-3.pdf - Page 17, https://www.intel.com/content/dam/www/central-libraries/us/en/documents/2022-08/benefits-overview-guide-us-3.pdf - Page 23

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