Severance and TRW Heritage Retirement Overview - 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), youMUST enroll in Medicare Part B as soon as youractive employment ends.• Severance/COBRA coverage is not considered activeemployer coverage and therefore is secondary toMedicare.– Claims will be processed as though Medicare has paidprimary– Failure to enroll in Medicare B as soon as activeemployment ends may also result in an SSA/Medicareimposed penalty on all future Medicare B premiums12
Miscellaneous Information• If you are currently covered by an HMO andyou move out of the HMO coverage area,coverage in the HMO will terminate as of thedate the address change is reported– you must contact the NGBC at 1-800-894-4194within 31 days of your change in residence toenroll in a plan option available in your newarea• If your spouse is an NG employee, you mayelect coverage under his/her benefits in lieu ofCOBRA13
Page 1 and 2: The Northrop GrummanSeverance Plana
Page 3 and 4: Severance PlanEligibility
Page 5 and 6: Health Benefitsand Savings Plan
Page 7 and 8: Employee Cost for Benefits Continua
Page 9 and 10: Employee Cost for BenefitsContinuat
Page 11: Paying for your Benefits• You wil
Page 15 and 16: Life and Accidental Death & Dismemb
Page 17 and 18: Northrop Grumman Savings Plan• Yo
Page 20 and 21: Retiree Medical
Page 22 and 23: Retiree Medical - Access Only Eligi
Page 24 and 25: Retiree Medical - Enrollment Option
Page 26 and 27: Northrop GrummanPension Program•
Page 28 and 29: Vesting Requirements• Vesting mea
Page 30 and 31: Retirement Eligibility• TRW Herit
Page 32 and 33: TRW Heritage -Part A Lump Sum Optio
Page 34 and 35: Payment Options• Parts A, greater
Page 36 and 37: Northrop Grumman Benefits Center (N

Severance and TRW Heritage Retirement Overview - Benefits Online

Create successful ePaper yourself

Delete template?

Save as template?