Common use of MEDICAL INSURANCE IN RETIREMENT Clause in Contracts

MEDICAL INSURANCE IN RETIREMENT. The Employee will be entitled to coverage in a supplemental medical insurance plan for the Employee and his spouse, pending his eligibility as determined by the medical insurer, at the Employers’ sole expense, once he reaches age sixty-five (65) and is no longer covered by the Employers’ group medical insurance plan, to supplement what is covered in his Medicare plan. This supplemental insurance plan, commonly referred to as a “Medigap” plan, is designed to cover medical and related costs that are not covered by the Employee’s Medicare plan. The supplemental insurance plan will include prescription medication coverage. Supplemental insurance will remain in effect during the entire term of the Employee’s and his wife’s retirement.