Raytheon health insurance for retirees

[Wai Hom]

I am not a retiree yet but I read somewhere that if I retire from RTN after age 60, I can continue the employee health insurance.
My questions are:
1. Is it a Cobra-like plan?
2. What are the rates like?
3. I started at Raytheon back in 2014. Do I need a need a bunch of service years to qualify?

I joined ARR tonight to start retirement preparation (because everybody around me is retiring). I plan to retire in 4 years.

[Robert Bowser]

If you qualify, and retire after age 60, you can stay on the Raytheon plan for Medical and dental. You just pay the full amount (Raytheon’s part and your part).

I just retired so, if comes out of your retirement check, and is pretty seamless.

I am not sure if there are other qualifications needed, but I did have a bunch of years. You can call or chat with the Raytheon Benefit center or find someone in HR who knows the answer.

Bob B

[Wai Hom]

Thanks Bob!

[Author]

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