Coverage through the Exchange
Retirees eligible for the Phillips 66 Retiree Medical Account (RMA) may use their credits to purchase medical, dental, and vision coverage through the following options:
- Phillips 66 Retiree Medical Plan
- Continuous COBRA coverage
- Medicare premiums (Part B and D)
- The Exchange
- Coverage obtained outside the plan
You have the option to pay only a portion of your RMA eligible premiums using credits from your RMA. You can choose from 25%, 50%, 75% or 100% reimbursement for your coverage. Your RMA premium payment election will be applied to all RMA-eligible benefits in which you are enrolled. Phillips 66 retirees can access resources to help identify health care exchange options available to them by contacting Health Coverage Resources.