Intel U.S. Retirees: Benefit Programs and Resources
Intel U.S. Retirees: Benefit Programs and Resources
IRS 1095C Information
Retirees enrolled in IRMP or who have a SERMA balance will receive this new form. For more information see IRS 1095C Information.
Intel Involved Matching Grant Program
The Intel Foundation matches the time that Intel blue badge employees and U.S. retirees spend volunteering in schools and non-profits with a cash donation. For every hour volunteered, the Intel Foundation will match those hours with a grant once the organization reaches 20 hours for the year. The volunteer hours of all Intel employees and U.S. retirees are accumulated to determine the total annual grant. It’s that simple. For more information on how to record your hours and complete guidelines, please visit http://intelretiree.com/volunteering/.
Deadline to submit 2018 volunteer hours: January 15, 2019. Any 2018 hours submitted after that date will not be eligible for the Intel Involved Matching Grant program. Grant payments will be sent to recipients in Q2 2019.
Intel Matching Gifts Program
Intel U.S. blue badge employees and U.S. retirees can donate year-round to thousands of eligible charitable and education organizations and have the donation matched by the Intel Foundation. This doubles the impact of donations with a match up to $10,000 per participant, per year ($5,000 for eligible charitable organizations and another $5,000 for eligible education organizations).
Fidelity NetBenefits* Website
Access the Fidelity NetBenefits* website for your Intel 401(k) Savings Plan, Intel Retirement Contribution Plan and Intel Minimum Pension Plan account inquiries, transactions, investment education, and tools. For personal assistance, contact the Intel 401(k) Savings Plan Service Center toll-free at 1-888-401-7377.
Retiree Health Programs Overview
If you retire from Intel as a U.S. employee and have satisfied the eligibility requirements, Intel offers two ways to help you get healthcare coverage:
- The Intel Retiree Medical Plan (IRMP):
Intel offers retirees and their eligible dependents the option to purchase medical and vision coverage through the IRMP.
An Intel Catastrophic Rx Health Reimbursement Account (HRA) is available to Medicare eligible retirees enrolled in a Medicare Part D Plan to provide more financial protection and extra peace of mind regarding prescription expenses. No enrollment or election is necessary for this benefit, but you do need to be enrolled in a Medicare Part D Plan.
- The Sheltered Employee Retirement Medical Account (SERMA):
SERMA is a Health Reimbursement Arrangement subject to IRS rules. If eligible, SERMA will be established for you. SERMA may be used to offset, in full or in part, your IRMP monthly premiums for medical and/or vision coverage until you exhaust your SERMA account. SERMA may also be used to reimburse yourself for eligible non-Intel sponsored health insurance premiums paid for you and your eligible dependents until you exhaust your SERMA account.
Intel’s Retiree Health Eligibility
If you meet any of the retirement eligibility rules, you will be eligible to participate in the IRMP medical, vision plans and/or the Intel Catastrophic Rx Health Reimbursement Account (HRA) if enrolled in Medicare Part D.
SERMA will be established upon your retirement from Intel if you were hired or rehired before January 1, 2014, you are a U.S. employee at the time you retire and meet any of Intel’s retirement eligibility rules.
Refer to IRMP and SERMA SPD for complete information on Retiree Health eligibility, use and benefits.
Intel Retiree Medical Program (IRMP)
IRMP gives you access to medical and vision coverage upon retiring from Intel. The following IRMP options are available to eligible retirees:
- IRMP CIGNA Indemnity Plan for Medicare retirees (typically, age 65 and over) with or without Rx.
- IRMP CIGNA High Deductible Health Plan (HDHP) for Non-Medicare retirees.
- IRMP Vision Plan - You have two vision plans from which to choose—1) VSP Basic Vision Plan or 2) Vision Plus Plan. Vision care is administered through VSP.
- Intel Catastrophic Rx Health Reimbursement Account (HRA) is available to Medicare eligible retirees enrolled in a Medicare Part D. Intel enrollment or election is not necessary for this benefit, but you do need to be enrolled in a Medicare Part D Plan.
Refer to IRMP and SERMA SPD (insert link) for complete information on IRMP benefits. For additional information, please contact the Intel Health Benefits Center at 877-GoMyBen (466-9236), or online at My Health Benefits.
Sheltered Employee Retiree Medical Account (SERMA)
SERMA is provided to help purchase health insurance for you and your eligible dependents once you have retired from Intel and have met the eligibility requirements.
When you retired from Intel as a U.S. employee, if eligible, Intel established a SERMA for you. You may use your SERMA credits to pay for Intel Retiree Medical Plan premiums, or you may reimburse yourself for eligible non-Intel-sponsored health care premiums.
SERMA may be used to increase your health insurance choices and help you stretch your SERMA credits. You have the option to use SERMA to pay for all or part of your IRMP premium or to reimburse yourself for the cost of other eligible health insurance premiums.
For additional information, contact the Intel Health Benefits Center at 877-GoMyBen (466-9236), or online at My Health Benefits.
Using SERMA for non-Intel-sponsored health care premiums
You may use your SERMA credit to reimburse yourself for premiums paid for you and your eligible dependents until you exhaust your account. As long as you are not enrolled in IRMP, you may use your SERMA credit toward other health care premiums. Eligible reimbursements may include premium payments for:
- Individual health insurance
- Individual dental insurance
- Individual vision insurance
- Long-term care
If you are enrolled in IRMP, you may also use your SERMA credit toward other eligible health care premiums. For example, if you are on the IRMP plan and your spouse is enrolled in a non-employer-sponsored medical plan, you may now use your SERMA toward both your IRMP premium and your spouse's non-Intel premium expenses.
For information on your SERMA balance, contact the Intel Health Benefits Center at 877-GoMyBen (466-9236), or online at My Health Benefits under the SERMA Tile. The website allows you to:
- View your SERMA account balance
- Submit claims (you have the option to submit claims online, by fax, or by mail)
- Check the status of your claims
- Learn more about eligible expenses
Note: If you are a new retiree, your SERMA Tile will not be available to you until 45 – 60 days AFTER your retirement date. If you have questions please contact the Intel Health Benefits Center at 877-GoMyBen (466-9236).
Intel's stock benefit program is an important part of our employees' overall compensation and benefits package.
Some things to keep in mind when you retire from Intel:
- Stock option vesting may accelerate upon retirement, if certain criteria are met. Restricted stock unit (RSU) vesting schedules may be impacted too. Unvested RSUs will be canceled as of your last day worked.
- Review the terms and conditions and plan rules for each of the grants in your E*TRADE stock account to understand how each of your stock grants are impacted.
- Access your online E*TRADE account and click on the Grants/Units tab to view your stock option expiration dates. Click on the Grants/Units sub-tab called Restricted to view your RSU vesting schedule.
- Expiration and Vest dates—per your plan rules—will be updated in your stock account, typically within one week following entry of your termination date in Intel's system of record.
- Make sure to exercise your stock options before they expire. If your expiration dates fall on a US weekend or US holiday when the market is closed, you must exercise no later than a half-hour prior to the stock market closing on the last trading day prior to your expiration date. Remember stock market hours of operation are based on the US Eastern time zone.
- If you retire from Intel before the end of a Stock Purchase Plan (SPP) subscription period, you will receive a refund of your SPP contributions for that period in your final paycheck. You will not receive stock or interest on SPP contributions.
- Your Intel Employee stock account with E*TRADE will remain open for a period of 60 days after your last expiration date, at which point you may transfer your assets to a non-Intel stock account of your choice.
- You must contact E*TRADE with instructions for handling any assets remaining in your employee account within 18 months of your termination date. You may want to set up a personal retail account at E*TRADE or transfer your assets to another broker. Note that country restrictions may apply, and fees associated with a retail account will become your responsibility.
- Keep Intel apprised of any change of address should you move within 18 months of your termination date by calling the Intel Global Contact Center at 800-238-0486. After that period of time, update your address directly with E*TRADE.
If you retire from Intel your coverage ends on your retirement date. Retirees do have the option to port their coverage. Contact Hyatt within 30 days of the retirement date to request portability. You will receive a one time invoice for 30 months to be paid up-front. Coverage would end after 30 months.
These benefits are for official Intel retirees only.
No matter where you call home, you have access to discounts on goods and services you use on a regular basis. Enjoy access to 30,000+ merchants in 26+ categories!
Some Employee Discount Program discounts, such as Microsoft and most wireless/cell phone providers are NOT available to official Intel Retirees, with the exception of AT&T, which does have a wireless discount available to official retirees.
To begin using the Employee Discount program today, simply register as follows:
Registration Process path
From the landing page
Create an Account
- Enter any email domain and passcode INTELRETIREE (case sensitive)
- Passcode validations occurs
- Enter first name, last name, accept the policies and click ‘Confirm’
- You will receive confirmation email; click the link in the email
- Create a password and click ‘Confirm’
For the Global Retirees, the registration steps are the same.
Bookmark the landing page for discount shopping and services.
Employee Purchase Program
The Employee Purchase Program (EPP) is moving to a new storefront on April 23 at 9 a.m. (Pacific). You will need to register on the new site even if you’ve purchased on the old site in the past. Set up is easy and takes just a couple minutes to complete.
- Go to https://epp.intel.com and click Intel Retiree.
- Click the New User? Register Here link on the right.
- Enter your WWID and Last name (as recorded in Intel’s system of record) and click Next.
- Select from three security questions, provide your responses, and click Next.
- Enter an email address and a password for your new account and click Submit.
Please note you will need your email address and password for subsequent visit to EPP site.
- If your WWID/Name are not found in the storefront system, please contact Customer Support.
- If you do not remember your WWID or Name as it is recorded, contact Get HR Help at 800-238-0486.
U.S. retirees receive a $300 cash award as a thank you for their dedication and hard work. Funds are added to their recognition.intel.com reloadable debit card and will appear approximately four weeks after the employee’s official retirement date.
To check card balances, visit http://prepaid.citi.com/intel. For lost cards, contact Citibank at 866-326-8689. For those that have never received a card, one will be automatically mailed to their home mailing address about six weeks following retirement.