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Eligibility
To participate in any Corporation-sponsored retiree benefits plan, you must be age 55 or older with at least 10 years of continuous service. If you are age 50 or older with at least 20 years of continuous service and are terminated through no fault of your own, you are also eligible.
If you are eligible for retiree coverage, then you may cover the same family members that employees may cover for healthcare coverage. Eligible family members generally include:
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your spouse
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your domestic partner
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another qualifying adult family member, instead of your spouse or domestic partner
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your dependent children
Plan Ahead…Enroll Before You Retire
To participate in McGraw-Hill's retiree healthcare benefits, you (and any eligible dependents you want to cover as a retiree) must be enrolled in the active-employee version of that coverage on the day before you retire. If you are not enrolled on the day before you retire, you cannot participate as a retiree.
Plan Ahead…It's important to remember this participation requirement. In most cases, the only time you can enroll for coverage is during annual enrollment, held at the end of each calendar year.
For example, you are an active employee in September who plans to retire the following April. You currently have medical coverage under your spouse's employer's medical plan. You know you want coverage under McGraw-Hill's retiree medical program when you retire. To be eligible for retiree medical benefits, you will need to enroll for McGraw-Hill medical coverage during the annual enrollment period held in the Fall before your planned retirement in May. At the time you enroll yourself for medical coverage, you'll also need to enroll any dependents you wish to cover as a retiree.
The Corporation offers medical coverage to retirees under age 65. This is because Medicare will provide your primary medical coverage once you reach age 65.
Age guidelines are based on the age of each covered individual, not just you, the retiree. For instance, if you retire at age 63 and your spouse is 67, each of you will have different coverage. You will have access to The McGraw-Hill Companies options described in this section and your spouse will be eligible for Medicare.
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