MMC Benefits Handbook
Retiree Plan Participation
Retiree Eligibility Requirements
You are eligible to participate if you:
- are a US regular employee of Marsh & McLennan Companies or any subsidiary or affiliate of Marsh & McLennan Companies, (other than (i) Marsh & McLennan Agency, LLC and any of its subsidiaries and generally (ii) Mercer Services (which consists of Mercer HR Services LLC, Mercer Trust Company, and Mercer Health and Benefits Administration LLC, and was formerly known as Mercer Outsourcing or Mercer Human Resources Services) who terminates employment at age 55 or older with at least five years of vesting service, and
- are a current retiree under age 65, or
- are the non-Medicare eligible dependent of a Medicare eligible retiree.
Individuals who are classified on payroll as temporary employees or who are compensated as independent contractors are not eligible to participate.
When you or a covered family member reach age 65 or are covered by Medicare, those Medicare eligible family members are no longer eligible for coverage under the pre-65 retiree medical plans.
Note: Although you may be eligible to participate in retiree medical coverage, the opportunity to defer your retiree medical coverage election only applies to employees that terminate employment on or after April 1, 2010. As an example, if you are under age 65 and terminated employment prior to April 1, 2010, the rules regarding the deferral of your retiree medical coverage election do not apply to you.
Does eligibility to participate in retiree medical coverage impact any benefits other than active employee medical coverage?
Yes, if you are eligible to participate in retiree medical coverage, your active employee medical, dental, vision care plan, and/or EAP coverage, whichever plans you are enrolled in, will be continued through the end of the month in which you terminate.
If I am not enrolled in active employee medical coverage at the time of my termination, am I eligible to participate in retiree medical coverage?
Yes, if you meet the retiree eligibility requirements you are eligible to participate in retiree medical coverage. You will be given an opportunity to immediately elect or defer retiree medical coverage following your termination of employment.
Since you were not enrolled in Company's active medical coverage, you will not have the option to elect COBRA medical coverage.
What happens to my active employee medical coverage upon termination of employment if I am not eligible to participate in retiree medical coverage?
If you (and your eligible family members) are enrolled in active employee medical coverage but you are not eligible to participate in retiree medical coverage, coverage for you and your eligible family members ends on your last day of employment.
COBRA medical coverage will automatically be offered to you. You will have 60 calendar days from the date of the COBRA notice to elect COBRA continuation. Your COBRA premium will be due 45 days from your election date. The COBRA medical coverage effective date will be the day following your last day of employment.
Should I elect to participate in retiree medical coverage immediately following my termination date?
This is an individual decision that you must make based on your personal facts and circumstances. Note though, if you defer your retiree medical coverage enrollment election beyond 60 calendar days of your termination, additional rules and documentation requirements apply.