Retiree Medical

Retiree medical coverage, which includes mental health and chemical dependency and prescription drug coverage, helps you pay the cost of covered medical expenses for the treatment of an injury or illness. It also covers certain preventive medical services.

Note: Medical, mental health and chemical dependency and prescription drug coverage is administered by your medical carrier, as outlined under “Coverage and Costs” below.

To learn how your company coverage works with Medicare, review Medicare and Your Nokia Coverage.

Eligibility

You are eligible for Nokia's retiree healthcare (retiree medical and dental) coverage when you become eligible for Medicare if, upon termination of employment, you have met either of the following age and service requirements:

• At least age 50 with at least 15 years of service; or
• At least age 55 with at least 10 years of service.

Nokia’s retiree healthcare coverage is available only to Medicare-eligible retirees and their eligible Medicare-eligible dependents. Such coverage is not available if you are not eligible for Medicare, even if upon termination of employment, you met one of the age and service requirements described above. However, when you become eligible for Medicare, you may be eligible for Nokia’s retiree healthcare coverage at that time.

The enrollment period for Nokia’s retiree healthcare coverage is when you become Medicare-eligible or during Nokia’s annual open enrollment period in the fall.

Review the current Enrollment action guide and Benefits at-a-glance and resource contact information in the annual open enrollment section of this website for details.

Note: Eligibility for retiree life insurance may differ. For information, see Retiree Life Insurance.

Eligible Dependents

If you are an eligible retiree, you can enroll your eligible Medicare-eligible dependents. Dependents who are not eligible for Medicare are not eligible for coverage, although they may become eligible when they become Medicare-eligible. You may enroll such Medicare-eligible dependents in Nokia’s retiree medical coverage during any annual open enrollment period, for coverage for the following calendar year, or during the year if they experience an appropriate Life Event (qualified status change). Keep in mind, becoming Medicare-eligible is not considered a qualified status change that would allow a dependent to be enrolled in Nokia’s coverage outside of annual open enrollment.

Review Defining Eligible Dependents for more information.

Coverage and Costs

The Nokia retiree medical coverage option available to most Medicare-eligible participants consists of:

• The UnitedHealthcare^® Group Medicare Advantage (PPO), which will provide your medical and mental health and chemical dependency coverage, and
• The UnitedHealthcare^® MedicareRx for Groups (PDP), a Medicare Part D plan, which will provide your prescription drug coverage.

Review the current Benefits at-a-glance and resource contact information in the annual open enrollment section of this website and/or Medicare and Your Nokia Coverage, or contact the carrier for information.

You pay the full cost of any coverage you elect. The company does not pay any portion of your coverage. For your specific costs, visit the YBR website.