ERRP Update: To GMRA Members Under Age 65 and Not Yet Medicare Eligible

GM Plans for Early Retiree Reinsurance Program Funds

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Note: GM has informed us that funding of health care premiums for the remainder of 2011, as part of the ERRP program, will be extended to all eligible GM retirees who are under the age of 65. The following notice reflects this revision.

GM has announced plans for applying funds from the Early Retiree Reinsurance Program (ERRP). The ERRP is a government program that is intended to improve employer-sponsored benefits plans. Funds received from the program must be used to benefit health care plan participants, but application of those funds is at the discretion of the plan administrator, in this case, GM.

GM will apply ERRP funds directly to the monthly health care premiums for those enrolled in the GM sponsored program who are under 65 and not yet eligible for Medicare. Effective April through December 2011, there will be no health care premium deductions for qualified program participants. This does not apply to retirees who are in a COBRA or self-pay plan or for those with sponsored dependents.

If you are currently enrolled in the GM sponsored health care plan, no action is necessary. GM retirees who are under age 65, are not eligible for Medicare and fit the above category but do not subscribe to the GM plan, will have the opportunity to join the program or add a dependent as part of a special enrollment window that will open March 15-31.

For additional details on the GM announcement, and to ensure you receive future notices and announcements from GM, register at the GM Socrates – U.S. Retirees website https://www.gmretiree.com/GM-Retiree-Home.