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Medicare/Retiree Benefits

AB
Medicare Part AHospitalization coverage
Medicare Part BMedical care such as doctor visits
Medicare Part CMedicare HMO plans
Medicare Part DPrescriptions
Split FamilyDependents of retiree who will be termed are eligible to remain covered under Goodyear’s employer sponsored plan until they become uneligible
Premium OptionsDirect debit, pension deduction, direct pay
Hourly RetireeDoes not lose retiree benefits when turning 65 or going on Medicare
Benefit processorsMake all necessary updates to GEMS codes
Medicare Part B ReimbursementTo offset some of the cost for Medicare, Goodyear will reimburse CERTAIN eligible groups of a monthly reimbursement
Voluntary Employees’ Beneficiary Association or VEBATrust established to provide healthcare benefits for USW retirees
Rule of 95States how much retirees have to pay because they had “insufficient points” when they retired



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