| A | B |
|---|
| GSK places a cap (or limit) on what it contributes annually to the cost of its retiree medical premiums | Retiree Medical Cap |
| Once the retiree leaves this program, re-entry may not be permitted | Opting Out of Coverage |
| A retiree also has the option of paying for coverage by Direct Debit or Pension Deduction. | Retiree’s Contributions |
| Age 55 with minimum of 10 years of service or Age plus service = 75 with a minimum of 20 years of service | Retiree Eligibility |
| Beginning 1/1/08, years of service for Biological employees will begin to count towards Retiree Medical eligibility if they are age 40 or older | Former Biological Employees: |
| GSK offers its active employee with group code (GSK) is able to continue health and wellbeing coverage as a retiree when they meet the GSK retirement eligibility rules. | Retiree Medical Plan |
| is a national health insurance program for people 65 years of age and older, certain younger disabled people and those with end stage renal disease | Medicare |
| The Company provides retirees and disabled participants the opportunity to supplement their Medicare coverage | GSK Medicare PPO Plan |
| equal to six (6) times the participant’s annual benefit, determined as of the participant’s termination date and calculated as a Single Life Annuity. | Retiree Life Insurance |
| provides non-duplication of benefits | Coordination of Benefits |
| result of mergers and acquisitions | Grandfather Eligibility |
| easy the financial concerns if an employee who is terminated with the company under specific circumstances while they seek other employment. | Severance |
| is a federal law requires employers to offer continued medical, dental, vision and HCRA coverage to qualified employees and eligible dependents when coverage terminates. | COBRA |
| Once an employee exceeded the STD length of 180 days and needs to continue disability | Long-Term Disability |
| is a change in a participant’s life or the life of the participant’s dependents that may affect their benefits. | Life Events |
| Participants will be asked to name a beneficiary for the company provided life insurance benefit. | Beneficiary Designation |
| Beneficiary information can be communicated over the phone as long as the participant has been authenticated | Confirming Beneficiaries on File |
