The Northrop Grumman Severance Plan - Benefits Online

More documents

Recommendations

Info

Medicare Eligible Participants • If you and/or a dependent are Medicare eligible (because you are 65 or under 65 and disabled), you MUST enroll in Medicare Part B as soon as your active employment ends. • Severance/COBRA coverage is not considered active employer coverage and therefore is secondary to Medicare. – Claims will be processed as though Medicare has paid primary – Failure to enroll in Medicare B as soon as active employment ends may also result in an SSA/Medicare imposed penalty on all future Medicare B premiums • Medicare eligible participants do not qualify for the subsidy 12
Miscellaneous Information • If you are currently covered by an EPO/HMO and you move out of the EPO/HMO coverage area, you must contact the NGBC at 1-800-894-4194 within 31 days of your change in residence to enroll in a plan option available in your new area • If your spouse is an NG employee, you may elect coverage under his/her benefits in lieu of COBRA • Northrop Grumman is required to report your COBRA subsidy payments on your W-2 13
Page 1 and 2: The Northrop Grumman Severance Plan
Page 3 and 4: Severance Plan Eligibility
Page 5 and 6: Health Benefits
Page 7 and 8: The American Recovery and Reinvestm
Page 9 and 10: Employee Cost for Benefits Continua
Page 11: Paying for your Benefits • You wi
Page 15 and 16: Life and Accidental Death & Dismemb
Page 17 and 18: Northrop Grumman Savings Plan
Page 19 and 20: Northrop Grumman Savings Plan • I
Page 21 and 22: Retiree Medical
Page 23 and 24: Retiree Medical - Access Only Eligi
Page 25 and 26: Retiree Medical - Plan Options •
Page 27 and 28: Retiree Medical - Enrollment Option
Page 29 and 30: Northrop Grumman Pension Program
Page 31 and 32: Northrop Heritage Pension Informati
Page 33 and 34: Retirement Eligibility • If you a
Page 35 and 36: Early Retirement Factors Northrop G
Page 37 and 38: Resources
Page 39 and 40: My Benefits Access - Savings Plan I
Page 41 and 42: My Benefits Access Pension - Key Da
Page 43 and 44: My Benefits Access Pension Estimate
Page 45 and 46: Pension Estimates - Forms of Paymen
Page 47 and 48: Northrop Grumman Benefits Center (N

The Northrop Grumman Severance Plan - Benefits Online

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?