Retirement Health Care Assistance Plan (RHCAP)
If you participated in the RHCAP while working at Dow, you can use it to help cover eligible Dow or non-Dow medical premiums (including premiums for Medicare Part B and standalone Medicare Part D plans) and Dow will match your funds dollar for dollar.
Administration transitioning to Via Benefits (powered by WTW)
Administration of the RHCAP will move from HealthEquity to Via Benefits (powered by WTW). This transition will improve the experience by making it faster and easier to manage your account and receive reimbursements. If you are eligible for the RHCAP, you will receive more information from Via Benefits soon. In the meantime, here are a few key dates to be aware of:
- Now through December 1, 2023: Continue to go through HealthEquity for reimbursement requests. For requests by mail using the current claim form, be sure to have them postmarked by November 22, 2023. IMPORTANT! Do not continue using the current claim form after November 22, 2023.
- December 1 - 26, 2023: Hold on requesting reimbursement while the transition occurs.
- December 27, 2023 and going forward: Use Via Benefits for reimbursements. Watch for information from Via Benefits in advance, covering how to access their site and mobile app, who to contact for assistance and other important details.
- January 2024: You can begin to access new investment performance (which is posted in the middle of each month starting with results for December in mid-January) through the Via Benefits site and mobile app. You will also receive a final bi-annual statement from HealthEquity reflecting July through December 2023 activity.
- July 2024: You will receive your first bi-annual statement from Via Benefits for January through June 2024 activity. Via Benefits will continue to send bi-annual statements in January and July of each year.
Look for the Via Benefits logo on upcoming communications about the RHCAP.
Via Benefits provides reimbursements through convenient direct deposit into your checking or savings account. It’s faster and more secure than getting a check in the mail, and it provides convenient reimbursement when you're away from home. To ensure you receive timely reimbursement going forward, be sure to setup direct deposit with Via Benefits once your account is available on December 27, 2023.
Investment allocations
The RHCAP continues to offer two investment allocation options:
- The default 60/40 allocation (60% equity/40% fixed income) aims to deliver growth of capital and low to moderate level of current income.
- The optional 20/80 allocation (20% equity/80% fixed-income) aims to deliver a low level of growth of capital and a moderate to high level of current income.
The investments are subject to the volatility of the financial markets and there may be periods during which the returns are or could be negative. The assets are invested in the following funds:
The 20/80 investment allocation was introduced as a new option in 2023. If you are currently in the 60/40 allocation, you have an opportunity each Annual Enrollment to consider whether you would like to switch to the 20/80 option. You can make this choice through the Dow U.S. Benefits Site. IMPORTANT! Choosing to move to the 20/80 allocation is a permanent and irrevocable election. You cannot change back to the 60/40 investment option in the future.