Embarq Retiree Medical Plan. A. Employees in the bargaining unit on or prior to November 29, 1999, and subsequently retiring will retain their health care coverage in place at the time of their retirement. The deductibles for the indemnity plans will be 1.5% of the base pay at the time of their retirement; the minimum will be $325.00 effective January 1, 1999, with $25 minimum increments in successive years. In addition, the out-of-pocket maximum is $1,300 effective January 1, 1999 with $100 minimal increments in successive years. 1. The Company may, in its sole discretion, designate the insurance carrier(s) and the agent(s) for administering claims and other transactions for the Embarq Retiree Medical Plan and other components thereof. The Company may change the insurance carrier(s) and/or the claims administrator(s) at any time provided that sufficient notice is given. 2. In certain areas retirees may be provided with an alternate plan to the basic indemnity medical plan and the Company, in its sole discretion, in any manner or through any organization, including but not limited to, a program or programs provided by arrangement with a hospital plan corporation, professional health service organization or similar plan or organization, through a preferred provider arrangement, through a self-insured plan, or through a combination of any such methods, may provide an alternative to the basic indemnity plan. Retirees will be free to elect or not elect coverage under any alternative plan offered by the Company and under no circumstances will retirees be forced to accept the alternate plan. 3. The Company expects to continue the Embarq Retiree Medical Plan indefinitely. However, the Company reserves the right to amend or terminate any one of the various components of the Embarq Retiree Medical Plan at any time including changing the level of Company contributions, deductibles, out of pocket maximums, and requiring retiree contributions, so long as the changes are uniformly applied to all eligible retirees. B. Employees entering the bargaining unit on or after November 30, 1999, and subsequently retiring with benefits from the Embarq Retirement Pension Plan will convert their health coverage to the Embarq Retiree Medical Plan described in Summary Plan Description. 1. The Company, in its sole discretion, shall designate the insurance carrier(s) and the agent(s) for administering claims and other transactions for the Embarq Retiree Medical Plan and other components thereof. The Company may change the insurance carrier(s) and /or the claims administrator(s) at any time provided that sufficient notice is given. 2. The Company expects to continue the Embarq Retiree Medical Plan indefinitely. However, the company reserves the right to amend or terminate any one of the various components of the Embarq Retiree Medical Plan at any time, including changing the Company contributions, retiree contributions, deductible amounts, and maximum out of pocket amounts for certain health care options, so long as the changes are uniformly applied to all eligible retirees.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
