GROUP MEDICAL PLANS
01.Core Concepts
• Provides benefits for employees, their spouses, and their dependents in the event of personal injury or sickness. • Premiums paid are deductible for employer and excluded from the employee’s taxable income. • Coverage may continue after age 65 (Medicare eligibility age) for active employees. • Summary Plan Description provides details of how the group coverage coordinates with Medicare and whether group coverage remains available at separation of service after age 65. • Most group plans do not cover retired employees.