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HP Separation Update - August 2015 [For U.S. Retirees] Questions or comments to: firstname.lastname@example.org
Text of brochure sent via postal mail to U.S. retirees in early September
2015 and posted on HP Continuum August 27, 2015.
HP Separation Update
At HP, we’re proud of your contributions to our Company’s success, and we recognize that our retirees are an important part of our community. Now that HP is separating into two companies, we understand that you may have questions about how the separation will affect your retiree benefits.
As a follow up to Tracy Keogh’s October 5, 2014 letter regarding the HP separation and to the "HP Separation follow-up" on March 17, 2015 [pages no longer available], HP is pleased to provide additional information on what the separation means to you as a US HP retiree and specifically to your HP retiree benefits. In general, no changes are anticipated as a result of the separation.
HP leadership is committed to making sure retirees are kept informed throughout the separation process. We will continue to post information on HP Continuum as well as [Website defunct as of Dec. 2015]
Included below, you’ll find an update on the upcoming HP business separation, and a timeline of upcoming events. Also be sure to view the tips on getting more from your medical plan right now.
What the HP separation means to you
We recognize that you may have questions about the separation and its effect on you and your benefits. Please read on to learn more about what you can expect once the separation is completed. You’ll also want to review the timeline of important upcoming dates.
Why are all current US retirees being
aligned to HP Inc. ?
Because you will be aligned to HP Inc. , you’ll continue to access your benefits using the same telephone numbers, websites, and member ID cards, and you won’t need to take any special action.
What’s happening to…your retiree health
You’ll continue to access your retiree health benefits through the existing MyHPBenefits website and HP Benefits Center, using your current user ID and password. In addition, your claims will be processed the same way as they are now.
What’s happening to…your retirement
benefits (pension and 401(k))
Accessing your retirement benefits
What’s happening to…the HP Stock Fund
Benefits annual enrollment is coming up!
Detailed information about your coverage options will be mailed to you in early November. These documents will also be posted here on HP Continuum in early November so you have quicker access to them.
As is the case today, future changes to retiree benefits are always possible. Any retiree health changes for 2016 will be communicated to you closer to the benefits annual enrollment period.
We will again sponsor Retiree Benefits Fairs in select locations this fall. We’ll share the when and where in the pre-enrollment information that you’ll receive in October.
What to expect and when
For more information or to ask a question
Visit www.myhpbenefits.com for personalized benefits and cost information, provider directories, and much more. Or call the HP Benefits Center at 1-800-890-3100 weekdays between 6 a.m. and 6 p.m. Pacific Time (8 a.m. and 8 p.m. Central Time) for general benefits and enrollment support.
[This is the complete article as of Mar 12, 2016 from HP's official HP Continuum site.]
[More detail from the previous "HP Separation Update" posted on HP Continuum March 17, 2015. https://www.hpcontinuum.com/news/520 -- page no longer available]
"Q: What will happen to HP retiree medical
coverage after the separation?
If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. Membership is also open to heirs with HP-related stock and to those receiving company benefits -- spouses, partners, dependents, DEC and EDS retirees. No charge, thanks to HPAA's Supporting Members.
As financial, legal, and personal advice must be tailored to the specific circumstances of each case, and finances and laws are constantly changing, nothing provided here should be used as a substitute for the personalized advice of competent financial, legal, and personal advisors.
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