The eligibility and enrollment rules for the U

Retiree Health Care SPD Effective January 1, 2012
If you are an eligible retiree of U.S. Bank and your spouse/domestic partner is employed by
U.S. Bank, you may choose from the following options:
• You, as the retiree, may enroll in the U.S. Bank Retiree Health Care Program upon
termination with Individual coverage. Your spouse/domestic partner could then stay in the
U.S. Bank Health Care Program for active employees.
• You may carry Family coverage and cover your spouse/domestic partner as a dependent (and
any other dependents) under the Retiree Health Care Program.
If you are an eligible retiree of U.S. Bank, and your spouse domestic partner is already a
participant in the U.S. Bank Retiree Health Care Program, you may choose from the following
options:
• You may each carry Individual coverage (each covers only himself or herself) if you do not
have eligible children, or if they are covered elsewhere.
• Either you or your spouse/domestic partner (but not both of you) may carry Family coverage
(if you have eligible dependent children). The other could then elect No Coverage.
If your dependent child is employed by U.S. Bank, he or she must enroll in his or her own health
care option from among those available to active employees. Your dependent child may not be
included under your coverage.
Special Rules For Retirees Who Elect Coverage Under The Program And Then Return To
Work With U.S. Bank After Retirement
If you terminate from U.S. Bank, elect retiree health care coverage under the Program, and then
return to work at U.S. Bank, special rules apply. These rules are complex because your options
will depend on when you terminated, the nature of your return to work, and how long you
subsequently work before retiring again. These rules are also subject to U.S. Bank’s generally
reserved right to amend or terminate coverage under the Program (see the “Amendment or
Termination of the Program” section in this SPD). If you return to work with U.S. Bank after
enrolling in the Program, contact the U.S. Bank Employee Service Center for more information
about your options. Some general rules are stated below.
If you are not eligible for health care as an active employee upon your return to work (for
example if you are classified as temporary), you can continue with your retiree health care
coverage under the Program. Your return to work will have no impact on your continued
eligibility under the Program. If you drop coverage under the Program during your
reemployment, however, you will not be able to re-enroll in the Program upon your subsequent
termination from U.S. Bank.
If you return to work for U.S. Bank and become eligible for active employee health
coverage again, you can choose between continued participation in retiree coverage and reenrollment
in an active employee health care option. You will be able to enroll in active
employee coverage, if eligible, upon rehire, at any subsequent annual enrollment periods that you
are still employed, or if you have a family status change. If you elect coverage in an active
employee health care option, you will not be able to switch from active coverage to retiree
coverage during your period of re-employment.
If you elect coverage under an active employee health care option, when you terminate from U.S.
Bank a second time, you will be able to resume coverage under the Program, as long as you are
covered under an active employee health care option at the time of your second retirement. If at
14