Retiree Benefits Strategy: Corning, Inc.
October 10, 2019
- Fully Insured and Self-Funded
- All States
- Member Experience
- Plan Administration
[Corning & UnitedHealthcare: A ‘Senior’ Relationship]
[Featuring: Sharon Miller, Corning, Inc. Benefits Director]
The greatest value that Corning gets from United is the overall partnership.
And as long as United continues to work with us on enhancing services and looking for opportunities with us, we'll continue to be a happy customer.
[Corning union retirees pick UnitedHealthcare]
We negotiated with our union successfully to implement a retiree medical program that wasn't a Corning program.
So, January 1, 2019, all of our retirees at Corning are under the United retiree solutions umbrella.
A few years ago, our salaried retirees moved to one of the products. This year, our union retirees moved to one of the products.
No small feat because Corning treats our retirees like gold.
It's my responsibility, and I feel that we couldn't have picked a better partner to represent Corning the way we would want to treat the retirees ourselves.
[It’s a win-win deal]
It was a huge win. And I said to my boss, it's very rare in a person's career that you can really come in and say it's a win-win.
We're going to do this great thing for our retirees, seriously, and the company is going to save money. I don't say that lightly. I mean, that just doesn't happen that often.
[Passing the ‘Uncle Jimmy’ test]
When we're sitting in a room understanding what this change is going to mean for our retirees, it would have to pass my “Uncle Jimmy” test.
My Uncle Jimmy retired from Corning with over 60 years active and retired service. When he would ask me, "Sharon, is this a good thing?" I needed to be able to say, "Yeah, Uncle Jimmy, this is a good thing," and that's helpful when you make a decision if it passes the Uncle Jimmy test.