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Medical Coverage
Selecting medical coverage is a highly personal decision. Choosing the coverage that's
right for you means looking at your health care needs and choosing a plan that offers you the
most value for your needs. At Raytheon, providing you with a choice of medical plans helps you
buy the coverage you need – not more and not less.
You can choose your level of coverage and cost
by electing to participate in one of the available plans: a Preferred Provider Organization (PPO),
Point-of Service Plan (POS), health maintenance organization (HMO), consumer-driven health plans,
or high-deductible health plan (HDHP) with a health savings account (HSA). An Out-of-Area plan is
available in locations where extensive PPO, POS and HMO networks are not available. Employees on
International Assignment are eligible for the Global Choice medical plan, which provides worldwide
coverage for all expatriate employees and their eligible dependents. What differs among the available
plans are two features:
- How you access care – that is, which doctors and hospitals are available to you
- How much you pay for your care
All of the plans provide coverage for preventive care, generally at no cost to you. Prescription
drugs, doctor's visits, hospitalization, surgery and mental health care are also covered by all of
the plans; however, depending on the plan you choose and if you choose to receive in- or out-of-network
services, you will either have a co-payment or coinsurance for these services, or you will need to first
meet a deductible before receiving benefits.
Annually you can also opt out of medical coverage and receive a $1000 waiver credit if
you have coverage elsewhere.
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Dental Coverage
Under the dental care program, you may choose from up to three options for dental coverage:
- Low Option – basic needs such as annual check ups and cleanings
- High Option – more extensive treatment including orthodontia
- Dental Maintenance Organization (DMO) – also offers more extensive
treatment including orthodontia, if a network is available where you live.
All allow you to select the coverage level that makes sense for the kind
of dental expenses you and your family members expect to incur.
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Prescription Drug Coverage
Prescription drug coverage for most Raytheon medical plans is administered as a separate program by Medco.
With Medco, you have coverage for a wide range of prescription drugs. How you pay for your prescription
depends if you are purchasing a generic or brand-name drug. Generic drugs are covered at 100% after you pay a
co-payment. Preferred brand and non-preferred brand drugs are covered after you pay coinsurance - either 20% or
30% of the prescription's total cost, up to certain maximums. Medco Health offers a mail order benefit,
which provides a 90-day supply after the appropriate co-payment.
Vision Care Coverage
If you enroll in a Raytheon-sponsored medical plan, you automatically receive the Basic Vision Plan at the same coverage level you chose for medical coverage. The cost of the Basic Vision Plan is included with the cost of your medical coverage.
If you need a higher level of vision coverage, you may instead select the Vision Plus Plan. The amount you pay for this plan is based on the coverage level you choose. If the coverage level you choose is different from your medical plan coverage level, only the dependents you designate will have vision coverage.
If you waive medical coverage, you may enroll in either vision plan at whatever coverage level you choose. (In this case, you pay 100% of the cost for your vision coverage, regardless of the plan.)
Health Care Reimbursement Account
A Health Care Reimbursement Account helps you pay for eligible health care expenses
such as deductibles, co-payments, and services that your or your spouse's medical, dental,
and vision care plans do not cover or cover only in part. Through payroll deductions, you may
set aside on a pre-tax basis up to $5,000 per year in such an account.
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