MMC Benefits Handbook
Deferring Retiree Medical Plan Coverage
If I defer my retiree medical coverage election, will I remain eligible for the present medical plan design and coverage?
No, if you defer your retiree medical coverage election, you will be eligible for the benefit plans and options available at the time of your election to participate.
If I defer retiree medical coverage beyond 60 calendar days of my termination date, will I retain the employer subsidy enhanced severance benefit under the severance plan?
No, if you are eligible for Enhanced Severance Benefits under the Company Severance Pay Plan and choose to defer your retiree medical coverage beyond 60 calendar days of your termination date, you will forfeit the Company contribution towards the premium cost of retiree medical coverage.
Can the Company change the medical post-termination eligibility rules?
Yes, Marsh McLennan reserves the right to make changes to plan design including eligibility rules, etc.
How do I defer my retiree medical coverage participation election?
No action is required to defer your retiree medical coverage participation election. Once you decide to initiate your retiree medical coverage participation election, contact HR Services at +1 866 374 2662, any business day, from 8:00 a.m. to 8:00 p.m. Eastern time, to make your election.
If I defer retiree medical coverage, will I automatically receive a COBRA package?
Yes, upon termination, the COBRA administrator, My Benefits Service Center, will automatically mail a package, including a COBRA election form and an explanation of your COBRA rights to your home address on file. If you wish to elect COBRA coverage, complete your election form and return it to My Benefits Service Center within your 60-day COBRA election period.