 The company provides a flat amount subsidy for qualifying retirees to pay for health insurance premiums only. It is based on your age and years of service. Once it is spent, that's it as far as FedEx is concerned. The purpose is to help with premiums until you reach Medicare age. If you are already 00 it will reimburse your Medicare and supplement premiums, until it is expended. The closer you are to 00, the less you get. 