Can I use my own Insurance Agent or must I use the one that Northup suggests?
Yes, see below.
Northrup Grumman main benefits page
Retiree Page – over & under 65
If you are age 65 or older, Medicare will be your primary health insurance coverage and you have the option to purchase additional coverage to supplement Medicare.
If you are age 65 or older, your primary health insurance will be Medicare and you have the option to purchase additional coverage that supplements Medicare. The Northrop Grumman Retiree Medical Plan does not offer Medicare supplemental insurance as group coverage to most retirees* and their eligible dependents age 65 or older. 1,2
The Stipend Program is available to certain Medicare eligible retirees in the following heritage retiree groups:
Defense (Advanced) Systems
Litton Corporate Office
Litton Discontinued Operations
Your stipend amount is determined by your heritage group, the premium you are paying for your supplemental coverage and whether dependent coverage is available. Information regarding the specific eligibility requirements for these heritage groups is set
Medical coverage under the Northrop Grumman Retiree Medical Plan or another Health and Welfare plan offered through Northrop Grumman
Medical coverage under a plan that is not sponsored by Northrop Grumman
Medicare Part D prescription drug plan
Long-Term Care plan.
The Stipend Program applies to medical, prescription drug, and long-term care coverage only. Other health benefits such as dental and vision do not qualify for the stipend payment.
You will be required to provide proof of coverage and payment on an annual basis.
Thus, as I see it, the only difference is that if you use our services, you have to send receipts to Northrup’s HR department, the recommended agent does it for you. We think our service, experience and background makes it worthwhile.