Cost of Coverage
The Company contributes towards the monthly cost of your Retiree Medical Plan coverage. Your monthly premium contribution is the difference between the full (actual) cost of the plan in which you're enrolled and the amount the Company contributes. Your cost of coverage for a particular calendar year is communicated in the Open Enrollment materials that are sent to participants each fall.
There are two retiree medical contribution programs:
  • Retiree Medical Employer Contribution (RMEC). This program is for eligible individuals who retired before 2011.
  • Retiree Medical Savings Account (RMSA). This program is for eligible individuals who retired in 2011 and later.
RMEC and RMSA
Eligible individuals who retired from September 2009 through December 2010 were able to choose the RMEC or the RMSA, effective January 1, 2011. This was a one-time, irrevocable choice.