What to Do If GM Cut Your Health Insurance

General Motors' (GM Quote) salaried retirees were caught by surprise last week with the announcement of the withdrawal of health care from 2009, and the initial anger is still there, but now it's being replaced by concerns about the future.

Here's an outline of what GM retirees can expect, and what steps to take to get health insurance if this has happened to you.

What Has Changed

Effective Jan. 1, eligible GM salaried retirees and their spouses will no longer receive health care benefits once they reach 65 and become eligible for Medicare. Instead they will receive a taxable increase to their pension of $300 per month. Eligible retirees are those who currently do or would have received GM health care assistance after age 65. ...