Cost of Retiree Medical, Prescription Drug, Dental, and Vision Coverage

Penn will pay 60% of the lowest cost premium for the under age 65 and age 65 and over medical plans respectively. You will pay the balance of 40% plus any cost difference between the lowest cost plan and the plan you select. Penn will also pay 60% of the cost of the prescription drug plan (CVS/Caremark for retirees under age 65 and SilverScript for retirees age 65 and over).

For retirees hired on or after January 1, 2006, Penn will pay 30% of the lowest cost premium for dependent coverage (for both Medicare-eligible and non Medicare-eligible dependents). Penn will also pay 30% of the cost of the CVS/Caremark and SilverScript prescription drug plans.

The dental and vision plans are available to retirees at group premium rates. Retirees pay 100% of the cost.

Healthcare Rates
Click here for medical, dental and vision coverage rates for the 2012 plan year (January 1, 2012–December 31, 2012)