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Frequently Asked Questions


1. Context For Change

Q: Why is 3M making these retirement program changes?
A: 3M is making these changes to maintain retirement programs that are sustainable, competitive, and supportive of our efforts to retain and attract talent over the long term. These changes allow us to strike a balance between the needs of our employees and retirees and our responsibilities as a company.

Some of the factors that influenced our decision-making process and the final program are:

  • An increasing desire among employees for retirement savings portability and greater involvement in decisions affecting their financial futures.
  • Changes in the healthcare marketplace, including an increasing number of choices available for retiree medical coverage for Medicare-eligible retirees and the emergence of new tax-effective savings vehicles.
  • A nationwide health care inflation rate of 9 percent — more than twice that of other U.S. goods and services.
  • An aging and longer-living population. At 3M, the number of retirees has increased by 120 percent over the past 15 years. In less than five years, we will have as many retirees and surviving beneficiaries as we do active employees.

Q: What will the retirement program changes accomplish?
A: These changes support 3M’s commitment to continue to provide high-value retirement benefits, choice and portability for employees while providing predictability and sustainability for the company.

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2. Definitions

Q: What is my retiree medical coverage option?
A: Your retiree medical coverage option is the plan that determines how your medical expenses are covered. For example, a non-Medicare eligible retiree currently has two retiree medical coverage options: the 3M Retiree Preferred Provider Organization (PPO) Plan or the 3M Retiree Consumer-Directed Plan with a tax-effective Health Savings Account (HSA).

Q: What is the 3M Retiree Preferred Provider Organization Plan (PPO)?
A: A type of medical coverage that includes a deductible, coinsurance and co-payments for expenses such as office visits and prescriptions. The plan provides two levels of coverage (in-network and out-of-network) with increased benefits for services provided within the PPO’s network.

Q: What is a Health Savings Account (HSA)? [Non-Medicare eligible retirees only]
A: A special account that allows you to pay eligible expenses with tax-free dollars and carry over any unused balance from year to year. An HSA can only be offered with a medical plan that meets the IRS’ high-deductible health plan requirements — like the 3M Retiree Consumer-Directed Plan.

Q: What is a Health Reimbursement Arrangement (HRA)?
A: A reimbursement arrangement providing annual credits in retirement for Medicare-eligible retirees. Retirees can use these credits to help pay retiree medical premiums for Medicare supplemental coverage they purchase on the open market and for other eligible medical expenses.

Q: What is a Retiree Medical Credits Account?
A: A notional account for Portfolio II retirees who retire before January 1, 2013. In this account, credits accumulate while you are employed at 3M. These credits can be used to help pay retiree medical premiums.

Q: What is meant by cost-sharing approach?
A: Cost-sharing approach describes how both you and 3M share in the cost of your retiree medical coverage.

Q: What is a notional arrangement?
A: The Retiree Medical Credits Account and HRA are notional arrangements, meaning that funds are not deposited as credits are earned. Rather, these arrangements are simply bookkeeping devices that allow the employer and employee to keep track of the dollar amounts that will be made available for retiree medical benefits in the future.

Q: How is Medicare-eligibility determined?
A: Generally, you are eligible for Medicare if you are age 65 or older, or if you receive Medicare disability benefits, regardless of your age. Note that:

  • If you retire when you are age 65 or older, you are immediately eligible for Medicare.
  • If you retire before age 65, you become eligible for Medicare upon reaching age 65, or earlier if Medicare-disabled.
  • Once you are eligible for Medicare, it becomes your primary medical coverage. Any additional coverage you have will “supplement” what Medicare doesn’t cover.
  • Medicare eligibility is determined on an individual basis. For example, that could mean your spouse is Medicare-eligible, while you remain non-eligible — or vice versa.

Unless you have a Medicare-disability, you are non-Medicare eligible while you are under age 65, even if you retire earlier than that age.

Q: What is included in 3M’s retirement program?
A: For eligible employees hired before January 1, 2009, the 3M retirement program consists of:

  • 3M Pension Plan (Portfolio I and II)
  • 3M 401(k) Plan (the 3M Savings Plan for collectively bargained units)
  • 3M Retiree Medical Plan
  • 3M Retiree Dental Plan
  • 3M Retiree Life Insurance Plan

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3. Pension and 401(k) Plan

Q: Are there any changes to the Pension Plan?
A: There are no changes to any part of the 3M Pension Plan. If you are an active employee or a retiree, your current pension benefits — including the plan formula and how you receive your benefit — are not changing at this time.

Q: I am currently retired. Are there any changes to my 401(k)?
A: There are no changes to your 401(k). As always, you can withdraw installments or partial payments or continue to invest your savings among the plan’s funds and defer paying taxes. (Remember that once you reach age 70-1/2, minimum distributions from your account must begin.)

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4. Retiree Medical Plan and Cost-Sharing Approach Descriptions

Q: Who is an eligible dependent in the 3M Retiree Medical Plan?
A: To be considered an eligible dependent in the plan, your dependent must be:

  • Your legally-married spouse as of your date of retirement. A spouse you marry after your date of retirement is not considered eligible.
  • Your dependent child under age 21 (or to age 25, if a full-time student). To be eligible, the dependent must be your biological child or a child legally adopted by you or placed with you for adoption or a child for whom you have assumed legal responsibility, has the same principal place of residence as you and is a member of your household, or your stepchild living with you at least 6 months of the year.

Domestic partners and children of domestic partners are not eligible dependents for participation in the 3M Retiree Medical Plan.

A dependent child’s coverage may continue beyond 21 (or age 25 if a full-time student) if the Medical Claims Administrator approves coverage and determines that:

  • The child continues to satisfy the eligibility requirements listed above for dependent children (except for the age requirement); and
  • The child is incapable of sustaining employment; and the child has a physical or mental disability.

Q: What if I retired under Portfolio II and have an eligible dependent other than a spouse?
A: You will be charged additional premiums for eligible dependents. You cannot use retiree medical credits to pay these premiums.

Q: When does my retiree medical coverage end, for me and my eligible dependents?
A: Your retiree medical coverage ends when any of the following occur:

  • Retirement ends;
  • Your portion of the required premium or contribution is not paid timely;
  • The Plan is terminated or amended such that you are no longer eligible for coverage;
  • You or a covered dependent no longer meets the eligibility requirements. If you cease to be eligible, then coverage will end for you and all of your covered dependents. If a covered dependent ceases to be eligible, then coverage will end for that person only;
  • You elect to end coverage;
  • Your death;
  • A covered person reaches his or her combined lifetime maximum ($2,000,000). The combined lifetime maximum includes all covered expenses paid under any medical plan option;
  • You attempt to obtain benefits fraudulently for yourself or others (such as enrolling an ineligible dependent) or otherwise violate the terms of the Plan.

In general, your dependents’ coverage ends on the same date as your own. However, if you die, your surviving spouse can continue coverage through 3M. For the first year following the retiree’s death, 3M contributes toward the cost of the premium. After the first year, the surviving spouse pays the full cost of coverage.

For 2009, a surviving spouse can continue their current 3M retiree medical coverage or choose:

  • The new 3M Consumer-Directed Plan with HSA (if non-Medicare eligible)
  • To purchase coverage from the marketplace (if Medicare-eligible). In this case, 3M will credit an HRA for the surviving spouse for the first year following the retiree’s death. After the first year, 3M will provide no further HRA credits.

Coverage for a dependent that ceases to be eligible ends on the last day of the month that dependent no longer meets the dependent eligibility requirements.

Keep in mind, 3M reserves the right to modify, amend, change, revoke, suspend or terminate its retirement benefit plans, in whole or in part, at any time.

Q: If coverage ends, is continued coverage through COBRA available for me or my dependents?
A: COBRA continuation coverage is available under the 3M Retiree Medical Plan in certain circumstances. For a complete list of COBRA eligibility, review your plan’s Summary Plan Description (SPD).

Q: Will the coverage options and cost-sharing approaches stay the way they are today or will they change in the future?
A: We continually review our retirement program to keep it competitive, sustainable and strong. 3M reserves the right to modify, amend, change, revoke, suspend or terminate its retirement benefit plans, in whole or in part, at any time.

Q: I am a surviving spouse of a 3M retiree. How do the retirement program changes affect me? [Applies only to surviving spouses of those who retire before January 1, 2009]
A: As a surviving spouse of a 3M retiree, the coverage options available to you are the same as those available to retirees, based on your own Medicare eligibility. The cost-sharing approach applies as follows:

For Portfolio I surviving spouses:

  • For the first year following the retiree's death, 3M contributes toward the cost of the premium based on the cost-sharing approach included in Portfolio I. After the first year, you pay the full cost of coverage.
  • If the retiree dies and you are Medicare-eligible and have chosen to purchase coverage from the marketplace, 3M will credit an HRA for you for the remainder of the calendar year during which the retiree dies and for the next calendar year following the retiree's death. At the end of this period, 3M will provide no additional HRA credits.

For Portfolio II surviving spouses:

  • 3M contributes toward the cost of the premium based on the cost-sharing approach included in Portfolio II. Once the Retiree Medical Credits Account is depleted, you pay the full cost of coverage.
  • If the retiree dies and you are Medicare-eligible and have chosen to purchase coverage from the marketplace, 3M will credit an HRA for you for the remainder of the calendar year during which the retiree dies and for the next calendar year following the retiree's death. At the end of this period, 3M will provide no additional HRA credits.

Q: I am enrolled in the 3M Basic Medicare Supplement Plan. How do the Retiree Medical Plan changes affect me?
Note: The 3M Basic Medicare Supplement Plan was formerly offered as a Medicare-eligible coverage option. Some retirees or eligible dependents remain covered by this plan, although it is no longer open to new enrollments.
A: If you or any eligible dependents are covered by the 3M Basic Medicare Supplement Plan, your coverage remains the same for 2009. You are not affected by the changes described in this brochure.

If you were covered under the Basic Medicare Supplement Plan and reached the coverage limit, you remain ineligible for retiree medical benefits through 3M.

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4a. 3M Retiree Consumer-Directed Plan with an HSA [Non-Medicare Eligible Retirees]

Q: What is the Consumer-Directed Plan?
A: The Consumer-Directed Plan with a Health Savings Account (HSA) combines a high-deductible, traditional medical plan with a tax-efficient way to pay medical costs, and is the only plan option that allows retirees to pay for medical expenses with before-tax dollars.

Q: Who is eligible for the Consumer-Directed Plan?
A: The 3M Consumer-Directed Plan with Health Savings Account (HSA) will be available to active employees, non-Medicare eligible retirees and eligible dependents.

Q: How does the 3M Retiree Consumer-Directed Plan with a Health Savings Account (HSA) work?
A: Here’s how the Consumer-Directed Plan with HSA works:

  • You and 3M can contribute to the HSA, up to the IRS maximum for a given year.
  • You go to the doctor of your choice. Using an in-network doctor offers the advantage of discounted network expenses.
  • Use your HSA to reimburse yourself for eligible out-of-pocket expenses, such as deductibles and coinsurance.
  • You own your HSA balance — any unused balance at the end of each year automatically rolls over for use in the following year.

Q: Who contributes to an HSA?
A: Both you and 3M can contribute to an HSA. As a retiree, you can contribute on an after-tax basis, up to IRS limits, and then claim the amount you contribute as a deduction on your federal and most state income taxes.

While you are retired (but before becoming eligible for Medicare), 3M will make an annual contribution to your HSA and an additional annual contribution if you cover one or more eligible dependents. The contribution details are being finalized and will be shared as soon as possible. 3M’s contributions begin at retirement and continue annually until you or your eligible dependent become Medicare eligible.

Q: How much will 3M contribute to my HSA?
A: 3M will make an annual contribution to your HSA and an additional annual contribution if you cover one or more eligible dependents. The contribution details are being finalized and will be shared as soon as possible.

Q: Will 3M increase its contributions to the HSA each year, like the other accounts?
A: The contribution details are being finalized and will be shared as soon as possible.

Q: If I die, will my spouse or other beneficiary receive my HSA balance?
A: If you die, ownership of your HSA will transfer to your beneficiary, who can use it to pay eligible medical expenses. If you do not indicate a beneficiary, your HSA will belong to your estate.

Q: What are the IRS limits on HSA contributions?
A: In 2008, the contribution limits are as follows:

  • For a participant with single coverage — $2,900.
  • For a participant who covers one or more eligible dependents — $5,800.

These contribution limits include any amount 3M contributes towards your HSA and are generally indexed each year for inflation. You can also make catch-up contribution if you are age 55 or older. The 2009 catch-up contribution limit is $900.

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4b. Health Reimbursement Arrangement (HRA) [All Retirees]

Q: How does the Health Reimbursement Arrangement (HRA) work?
A: The HRA provides you the financial flexibility to purchase the Medicare supplemental coverage of your choice. When you become Medicare-eligible, 3M will establish an HRA for you and credit your account each year. If you cover eligible dependents when you retire, 3M also will establish and credit an HRA for your dependent. You can use these credits to help pay the premium for your supplemental coverage and any other eligible medical expenses. You will be responsible for paying any portion of your retiree medical premium that is not covered by the credits in your HRA.

Q: How much will 3M contribute to the HRA?
A: 3M’s HRA contribution depends on your specific situation. Note: The dependent contribution applies to any and all eligible dependents at the time of retirement; it is not a per-dependent contribution:

Group Retirement-Eligibility as of January 1, 2009 Annual HRA Credits
Current retirees
(Portfolio I or II)
N/A
  • $1,600 for retiree
  • $1,600 for eligible dependent(s)

Beginning in 2010, 3M’s annual credit to your account will increase by 3% per year.

Q: What happens at the end of the year if there is money left in my HRA?
A: Any funds left at the end of the year will be rolled over for use in the following year.

Q: If I have fewer than 15 years of service when I retire, how much will be credited into my HRA?
A: Your HRA credits will depend on how many years of service you have completed when you retire.

Additionally — because beginning January 1, 2010, the annual credit will increase by 3% per year — the year in which you retire will also affect your credits. If you retire with fewer than 15 years of 3M service, you will receive credits as follows:

Group Retired as of January 1, 2009
Current Retirees (Portfolio I or II) 15 or more years of 3M service
  • Employee and Dependent – $1,600

5 or more years of 3M service
  • Employee and Dependent – $600 + $100 per year for each additional year of 3M service above 5 years up to 15 years (maximum credit $1,600)

To determine your credits in future years, remember these amounts will increase by 3% each year.

Q: What if 3M’s HRA credits do not cover the full premium amount of my Medicare-supplement policy?
A: You are responsible for paying any portion of your retiree medical premium (and other medical expenses) not paid by your HRA.

Q: If I die, will my spouse or other beneficiary receive my HRA balance?
A: No. The HRA is a notional account meaning that funds are not deposited as credits are earned. Rather, these arrangements are simply bookkeeping devices that allow the employer and employee to keep track of the dollar amounts that will be made available for retiree medical benefits in the future. Because of this, your HRA will not roll over to a spouse or another dependent. However, keep in mind 3M credits an additional account if you cover one or more eligible dependents, and surviving spouse benefits apply to this additional account.

Q: What is an eligible medical expense under the HRA?
A: An eligible medical expense includes most out-of-pocket costs you incur when you receive medical services, such as visiting the doctor or purchasing prescription drugs. For a complete list of eligible medical expenses, review your plan’s Summary Plan Description (SPD).

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4c. Retiree Medical Credits Account [Non-Medicare eligible Portfolio II Retirees]

The Retiree Medical Credits Account is available only to Portfolio II retirees who are not Medicare-eligible.

Q: How does the Retiree Medical Credits Account work?
A: The Retiree Medical Credits Account grows in value through your years of service at 3M starting at age 40 (based on your age at year-end), as follows:

  • You earn credits to your account while employed at 3M, starting at age 40.
  • You can earn credits for a maximum of 22 years, or until you reach 66,000 credits.
  • Each credit currently equals one dollar (for example, 100 credits equal 100 dollars).
  • At retirement, you can use your account to pay for retiree medical premiums. If you cover one or more eligible dependents at retirement, 3M will credit one additional account for those dependents.
  • When your account is spent, you are responsible for all future premiums for your retiree medical benefits.

When you retire you can use your Retiree Medical Credits Account to pay for your retiree medical premiums.

Important: If you chose Portfolio II during the employee choice window and were age 40 or older as of January 1, 2002, you earned additional credits to your account:

  • An opening balance on January 1, 2002 equal to 1,000 credits for each year of 3M pension service prior to 2002 and after age 40 up to 22 years.
  • Beginning January 1, 2002, you also earned 3,000 credits for each year of 3M service after age 40.

Q: What happens to my Retiree Medical Credits Account when I become Medicare-eligible?
A: Once you become eligible for Medicare, your ability to use your Retiree Medical Credits Account depends on the option you choose to supplement Medicare coverage:

  • If you choose coverage under the 3M Retiree Medicare-Eligible Plan, you can continue to use your Retiree Medical Credits Account to pay for this coverage.
  • If you choose to purchase an individual policy from the marketplace, you will forfeit any remaining balance in your Retiree Medical Credits Account. However, keep in mind that you can use the Health Reimbursement Arrangement (HRA) to help pay your premiums.

Q: Once I become Medicare-eligible, can I stay in the 3M Retiree Medicare-Eligible Plan until my Retiree Medical Credits Account runs out and then enroll in the HRA?
A: Yes. You can remain in the 3M Retiree Medicare-Eligible Plan and use your Retiree Medical Credits Account until your credits run out. Once your Retiree Medical Credits Account runs out, you are responsible for paying the full cost of the 3M Retiree Medicare-Eligible Plan premium. In future annual medical change periods, you will have the opportunity to enroll in the HRA. However, you cannot change your medical election mid-year. Keep in mind, once you elect to enroll in the HRA, you cannot re-enroll in the 3M Retiree Medicare-Eligible Plan.

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5. Medicare Eligibility Plan and Cost-Sharing Approach

Q: How is Medicare-eligibility determined?
A: Generally, you are eligible for Medicare if you are age 65 or older, or if you receive Medicare disability benefits, regardless of your age. Note that:

  • If you retire when you are age 65 or older, you are immediately eligible for Medicare.
  • If you retire before age 65, you become eligible for Medicare upon reaching age 65 or becoming Medicare disabled.
  • Once you are eligible for Medicare, it becomes your primary medical coverage. Any additional coverage you have will “supplement” what Medicare doesn’t cover.

Unless you have a Medicare-disability, you are non-Medicare eligible while you are under age 65, even if you retire earlier than that age.

Q: What does Medicare cover?
A: Medicare has three primary parts that work together to provide coverage to post-65 retirees.

  • Medicare Part A ? Hospital insurance helps pay for inpatient care in a hospital or skilled nursing facility (following a hospital stay), some home health care and hospice care.
  • Medicare Part B ? Medical insurance helps pay for doctors’ services and many other medical services and supplies that are not covered by Medicare Part A. Premiums apply.
  • Medicare Part D ? This optional prescription drug coverage helps pay for medications doctors prescribe for treatment. Part D is not considered part of “basic” Medicare coverage. Premiums apply.

Q: If I am Medicare-eligible and my spouse is not (or vice versa), why can’t we have the same medical coverage?
A: In this “split” situation, you must have separate medical coverage because Medicare eligibility is determined on an individual basis and 3M’s Medicare-Eligible Plans work together with Medicare to provide comprehensive coverage.

Medicare eligibility is determined on an individual basis. If you are Medicare-eligible, while your spouse remains non-eligible — or vice versa — the younger spouse would remain in 3M’s non-Medicare Eligible Plan until such time as becoming Medicare-eligible. The Medicare-eligible spouse would be enrolled in 3M’s Medicare-Eligible Plan. If this "split" applies to your situation, you will learn more about you and your spouse’s options at open enrollment during the years in which this situation applies.

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5a. Non-Medicare Eligible Plan Options and Cost-Sharing Approach

Q: I am not yet Medicare-eligible (age 65 or younger). What are my retiree medical plan options and what is my cost-sharing approach?
A: The option(s) available to you depend on your personal situation:

Non-Medicare Eligible Retirees and Eligible Dependents
Group Medical Plan Option Cost-Sharing Approach
Current Retiree and those who retire before January 1, 2009 Each year you can choose:
  • Traditional 3M Retiree Preferred Provider Organization (PPO) Plan

    OR

  • New 3M Consumer-Directed Plan with a tax-effective Health Savings Account (HSA)
There is no change; you will be covered under the cost-sharing approach associated with the Portfolio in which you participate:
  • Portfolio I – You will be covered under the cost-sharing approach included in Portfolio I.
  • Portfolio II – Retiree Medical Credits Account included in Port II

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5b. Medicare-Eligible Plan Options

Q: I am Medicare-eligible (age 65 or older). What are my retiree medical plan options?
A: The option(s) available to you depend on your personal situation:

Medicare-Eligible Retirees and Eligible Dependents
Group Medical Plan Option Cost-Sharing Approach
Current Retiree and those who retire before January 1, 2009 Each year you can choose:
  • The current 3M Retiree Medicare-Eligible Plan

    OR

  • Purchase an individual Medicare supplement policy from the marketplace
If you choose the 3M Retiree Medicare-Eligible Plan, there is no change; you will be covered under the cost-sharing approach associated with the Portfolio in which you participate:
  • Portfolio I – You will be covered under the cost-sharing approach included in Portfolio I.
  • Portfolio II – Retiree Medical Credits Account include in Portfolio II

If you choose to purchase an individual policy from the marketplace, you will have a new cost-sharing approach:

  • 3M will provide a Health Reimbursement Arrangement (HRA) that can be used toward premiums and other eligible medical expenses
  • Once you choose to purchase an individual Medicare supplement policy from the marketplace and receive HRA credits, you may not return to the 3M Retiree Medicare-Eligible Plan in subsequent years. Your decision to leave the 3M Retiree Medicare-Eligible Plan is irrevocable

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6. Purchasing Supplemental Coverage from the Marketplace

Q: How do I purchase a supplemental Medicare policy from the marketplace?
A: 3M is working with Extend Health to help you find the coverage you need from the marketplace. Extend Health enables individuals to choose from a wide variety of plans offered by the leading national insurance carriers, including United Healthcare, Aetna, Anthem, WellPoint , Blue Cross Blue Shield, Health Partners and many others. More information about Extend Health and purchasing a supplemental Medicare policy will be provided later this year.

Q: What kinds of supplemental coverage should I be looking for?
A: To ensure you have comprehensive medical coverage, you should look for coverage that will supplement what Medicare does not cover. You may be able to enroll in a Medigap policy with certain restrictions.

However, special rules allow you to enroll in Medigap policies A, B, C or F without providing any evidence of insurability and without being subject to a pre-existing condition limit. To do this, you must apply for the Medigap policy within 63 calendar days of the termination date of your 3M coverage. More information about purchasing a supplemental Medicare policy will be provided later this year.

Q: What is a Medigap Policy?
A: If you need more coverage than is provided through the three parts of Medicare, you may want to consider purchasing a Medigap policy. A Medigap policy helps to fill the “gaps” in Medicare by paying for expenses that aren’t covered by original Medicare plans. They can also help you lower your out-of-pocket costs. You can only buy a Medigap policy from a private insurance company, and you must be enrolled in Medicare Parts A and B to buy a Medigap policy. More information about purchasing a supplemental Medicare policy will be provided later this year.

Q: What is a Medicare Advantage Plan?
A: A Medicare Advantage Plan is another health care coverage option available to those who are eligible for Medicare. These plans may provide extra benefits, such as paying for hospital stays that are more than 60 days long.

In general, Medicare Advantage Plans and Medigap policies have similar benefits. Therefore, if you join a Medicare Advantage Plan you do not need a Medigap policy. However, there are differences. The biggest difference is that some Medicare Advantage Plans offer outpatient prescription drug coverage. And if you enroll in a Medicare Advantage Plan that does not cover prescription drugs, you may not be eligible to enroll in Medicare Part D. It is important that you consider prescription drug coverage when deciding whether to join a Medicare Advantage Plan. More information about purchasing a supplemental Medicare policy will be provided later this year.

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7. Timing

Q: Do I need to take any action at this time?
A: No action is required at this time. However, please review the information available to you carefully to fully understand the choices you will need to make.

Q: When do the retirement program changes take effect?
A: For current retirees and employees hired before January 1, 2009, the retiree medical changes take effect January 1, 2009.

Q: When will I find out my costs for 3M retiree medical coverage for 2009?
A: Costs for 2009 3M retiree medical coverage will be provided with your enrollment materials this fall.

Q: When is the annual medical change period? When do I have to make a decision?
A: You do not have to make a decision about your retiree medical benefits until the annual medical change period in November. To provide you with a more complete retirement picture, 3M will make additional resources available to you prior to enrollment.

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8. General Questions

Q: What if my spouse and I were both 3M employees “Double-Miner”? How will our retiree medical benefits be affected?
A: Your benefits under this Plan may be reduced if another plan pays first. If the 3M Plan is the secondary plan, the combined coordinated payment from the other plan and the 3M Plan will not be more than the benefit that would be paid by the 3M Plan if it were your only coverage. The same rule applies when both spouses work for 3M. This is referred to as Non-Duplication of benefits.

Q: Will there be any changes to my other retirement program benefits (dental, life insurance, etc.)?
A: No. At this time there are no changes to other retirement program benefits. However, we continually review our retirement program to keep it competitive, sustainable and strong. While we do not plan to make any additional changes at this time, 3M reserves the right to modify, amend, change, revoke, suspend or terminate its retirement benefit plans, in whole or in part, at any time.

Q: Should we expect more changes to our retirement plans in the future?
A: All the 3M benefit plans for active employees and retirees are subject to change at any time. While we do not plan to make any additional changes at this time, we continually review our retirement program to keep it competitive, sustainable and strong. Therefore, 3M reserves the right to modify, amend, change, revoke, suspend or terminate its retirement benefit plans, in whole or in part, at any time.

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Retiree Community

Resources

Contact Information
Service Representatives
(888) 611-5500 (toll free)

Monday - Friday,
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(March 31 to April 11, 2008)

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