In May 2004 I was 63, hence missed the IBM health cover deadline and got 11 months at the nominal rate(£9.50 pm for 2?).
Then I received a communication renewing my IBM cover for one year to April, 2006. This was a pleasant surprise. When I honestly pointed this out, it was admitted as an error and cancelled. I was offered continuity from April, 2005 and sent quotes. The middle range of this private cover (Hospital B; Excess £250) would cost me over £ 400.00 per month for 2.
I feel that medical cover becomes more critical at 63 and IBM should continue this under the scheme. Else, negotiate with companies which can offer a better deal and not 50 times the cost one is used to.