Continuing coverage
For yourself
Your GUL coverage is portable. This means you can continue your coverage when you leave BP for any reason. You will also be able to continue your contributions to the Cash Accumulation Fund until you reach age 100.
After you leave the company, MetLife will automatically send you a packet that details what you need to do to continue coverage. You must respond within 31 days of receipt of the packet in order to continue coverage. Keep in mind that once you leave BP, billing frequency and rates charged may change.
If you are eligible* for retiree medical coverage when you leave, your premiums will be the same as those paid by active BP employees.
If you are not eligible* for retiree medical coverage when you leave, your premiums will be 20% higher than the premiums paid by active BP employees. When you reach age 70, your coverage is limited to five times the amount in your Cash Accumulation Fund or $20,000, whichever amount is higher.
* In general, you are eligible for coverage under the BP Retiree Medical Plan when you reach age 50 with at least 10 years of vesting service under a BP retirement plan, or age 55 with at least 5 years of vesting service under a BP retirement plan, and you are a full-time or part-time employee working for a BP employer group which offers its employees eligibility under the BP Retiree Medical Plan. For more details, refer to the Retiree Medical Plan summary under the "BP Medical Program" tab above, or contact the BP Benefits Center to request a copy of the applicable BP Retiree Medical Plan summary plan description.
For your spouse/domestic partner
Your spouse/domestic partner can continue GUL coverage in the event of your termination of employment, your death or divorce or the dissolution of your domestic partnership by paying his/her premiums directly to MetLife.
If you are eligible* for retiree medical coverage at the time of your termination of employment, the premiums for coverage will be the same as those paid by active BP employees.
If you are not eligible* for retiree medical coverage at the time of your termination of employment, the premiums for coverage will be 20% higher than the premiums paid by active BP employees. When your spouse/domestic partner reaches age 70, his/her coverage is limited to five times the amount in his/her Cash Accumulation Fund or $20,000, whichever amount is higher.
Regardless of your retiree medical eligibility, the premiums that a spouse/domestic partner will pay for ported coverage following a divorce, dissolution of domestic partnership or death will be 20% higher than the premiums paid by active BP employees.
You or your spouse/domestic partner must immediately inform MetLife of the date of divorce, death or dissolution of the domestic partnership by providing a copy of the divorce papers, death certificate or details about the dissolution. MetLife will send a change form to be completed. After MetLife receives the change form, coverage will be surrendered and a refund of premiums sent as applicable. MetLife will then send a letter to your former spouse/domestic partner explaining portability options. If he/she has any questions, he/she should call MetLife.
* In general, you are eligible for coverage under the BP Retiree Medical Plan when you reach age 50 with at least 10 years of vesting service under a BP retirement plan, or age 55 with at least 5 years of vesting service under a BP retirement plan, and you are a full-time or part-time employee working for a BP employer group which offers its employees eligibility under the BP Retiree Medical Plan. For more details, refer to the Retiree Medical Plan summary under the "BP Medical Program" tab above, or contact the BP Benefits Center to request a copy of the applicable BP Retiree Medical Plan summary plan description.
For your children
Covered children are not able to port coverage, but will receive a conversion notice from MetLife.