Retiree healthcare support is essentially a bad deal. Part of the VLO bait and switch.
Although there is a “benefit”, based on years of service, the goal is to get the retiree to move on, to save the company money.
The primary plan is Medicare Advantage, with a $0 deductible. So, you can imagine what that monthly premium costs. Of course, the plan is actually designed to support the executives, who have retirement supplements and a lot of money (part of the VLO cult).
And even though you have a “benefit”, based on years of service, once / if you leave the plan for a better annual option, you can’t return, ever. Meanwhile, the executives enjoy the $0 deductible.
In summery, a VLO technique to drive the normal retired worker away, save the earned benefit cost, and of course, support the executives. How do you spell cult?