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Dun & Bradstreet Holdings Employees: Navigating the Essentials of Medicare Advantage Plans for Your Retirement Health Needs

Healthcare Provider Update: Provides PPO and CDHP medical plans with HSA options, dental, vision, FSAs, and paid parental leave up to 16 weeks 9. As ACA costs increase, D&Bs employer contributions and flexible spending options help employees maintain affordable and comprehensive coverage. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Dun & Bradstreet Holdings employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.

What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.

What are the rules?
Medicare pays for a fixed amount of your health care to Dun & Bradstreet Holdings offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.

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What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.

1. Medicare.gov, 2022

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Dun & Bradstreet Holdings offers its employees both a pension plan and a 401(k) plan. The pension plan, referred to as the Dun & Bradstreet Retirement Account, is based on credited service and compensation earned prior to the freeze date of July 1, 2007. This plan follows a traditional defined benefit structure, with benefits calculated using years of service and final average pay. The retirement plan's normal retirement age is typically 65, though employees may become eligible for early retirement based on age and years of service. Participants in the pension plan have access to their benefits at age 59½ with applicable reductions. Dun & Bradstreet employees who were part of the pension plan before July 1, 2007, continue to accrue benefits under this plan (Aon). The company also provides a 401(k) plan known as the Dun & Bradstreet 401(k) Plan, administered by Fidelity. Employees can contribute between 1% to 75% of their annual compensation as regular or catch-up contributions. The company matches contributions up to 7%, although the match percentage varies by employee and is subject to the IRS contribution limits. Eligibility for participation in the 401(k) plan typically requires employees to be at least 21 years old and to have completed at least 1,000 hours of service within a calendar year. The 401(k) plan is flexible, allowing employees to choose between traditional pre-tax contributions and Roth post-tax contributions

Restructuring and Layoffs: Dun & Bradstreet Holdings has been undertaking a significant restructuring plan to streamline its operations and enhance efficiency. In late 2023, the company announced a reduction in its workforce as part of this initiative. This move is aimed at consolidating its global operations and focusing on core business areas. Given the current economic and investment environment, including fluctuations in market performance and evolving tax policies, it is crucial for employees and stakeholders to stay informed about such changes. Understanding these developments can help in making informed decisions about career and investments.

Dun & Bradstreet Holdings offers stock options and RSUs as part of its employee compensation package. Stock options typically provide employees the right to purchase shares at a set price, while RSUs are granted as company shares without a purchase requirement. According to the 2022 10-K filing, stock options and RSUs are awarded to key employees, executives, and directors based on performance and tenure

Dun & Bradstreet Holdings offers comprehensive health benefits to its employees, designed to support their well-being and work-life balance. The company's healthcare benefits include a variety of health plans such as PPOs and high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs). They also provide access to dental, vision, and mental health services. Key healthcare-related terms and acronyms used by the company include: HDHP: High-Deductible Health Plan, allowing employees to pay lower premiums with higher out-of-pocket costs. HSA: Health Savings Account, available for employees enrolled in HDHPs, allowing them to save money pre-tax for medical expenses. EAP: Employee Assistance Program, providing confidential support for employees dealing with personal or work-related issues, including mental health resources. Dun & Bradstreet also encourages a holistic approach to wellness through its Wellness Program, offering employees resources and tools to maintain physical and mental health. In recent years, the company has expanded its telehealth options, allowing employees to access healthcare providers virtually, which gained prominence during the COVID-19 pandemic

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For more information you can reach the plan administrator for Dun & Bradstreet Holdings at 103 JFK Pkwy Short Hills, NJ 7078; or by calling them at (800) 526-9018.

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