2025 RTX Open Enrollment: What Employees Need to Know About Critical Benefits Decisions

Open Enrollment is a critical period for employees to make key decisions about their healthcare benefits for the upcoming year. Based in San Diego, the team at CCMI specializes in RTX plans and often guides employees in financial planning designed specifically for them. We’re here to remind you of important 2025 RTX open enrollment dates and items to consider to ensure you maximize your benefits. We’ll dive into what you need to know to make your Open Enrollment period seamless.

When is RTX Open Enrollment?

As in years past, RTX Open Enrollment will be scheduled by business unit:

What Decisions Do I Need to Make During RTX Open Enrollment?

During Open Enrollment, you will select (or deny) coverage for various benefits, including health, dental, vision, life, disability, legal plans, and pet insurance, among other options.

Additionally, if you’ve experienced a change, such as marital or dependent, or would like to adjust your coverage, you can also make your elections within the designated dates. 

If you do not take any action, your 2024 selections and coverage tiers will roll over by default and the new premium amounts will apply. If you do not currently have coverage and do not enroll, you will continue not to have coverage in the upcoming year. Please note that certain 2024 elections such as ID Theft Protection will not carry over if you make no election, even if you have this coverage now.

What Medical Plans Does RTX Offer?

RTX will continue to offer two medical plans, plus one in select areas:

• Anthem Gold with Health Savings Account (HSA) — high-deductible health plan
• Anthem Silver with HSA — high-deductible health plan
• Kaiser Gold with HSA for employees in certain zip codes in California, Colorado, Georgia, Maryland, Oregon, Virginia, Washington, and Washington, D.C. and only covers in-network care (except for true emergencies)

Which RTX Medical Plan Should I Elect?

Here are some factors to consider when selecting a plan that best aligns with your health and financial needs:

• Healthcare Needs: Consider how often you, a spouse, or dependents visit the doctor or specialists or if there are ongoing healthcare conditions. For example, if you frequently seek care, consider a plan with lower premiums or out-of-pocket expenses.
• Costs: There are several expenses to consider when choosing your plan. There may be additional healthcare costs to consider as you approach retirement, especially in a high-cost area like San Diego:
  • Monthly premium — Based on your RTX salary, this is the amount you will pay each month to maintain your policy and coverage.
  • Deductible — This is the maximum amount you must pay out of pocket for treatment before insurance begins to cover part of the cost.
  • Co-pays — Separate from your deductible amount, co-pays are fixed expenses you will pay out of pocket for certain services, such as doctor visits or prescriptions. 
  • Co-insurance — Once you meet your deductible, this is the maximum amount or percentage you will pay, with your insurance covering the rest of the cost. For example, suppose your co-insurance maximum for a “you + family” plan is $4,300, and your total medical expenses are $15,000. In that case, assuming you have already covered the deductible, you will pay $4,300 out of pocket and insurance will pay the remaining balance.

• Network of Providers: Ensure your current or preferred providers are covered under your RTX plan selection. Note care from in-network doctors is typically more affordable than out-of-network options. Understand your payment responsibility and plan for any additional expenses if you require care from an out-of-network provider.
• Family Considerations: If you’re covering dependents, you’ll want to choose a plan that aligns with each family member’s needs. Consider additional options, or a combination of options, if you’re married and your spouse is also working.

What Should I Know About RTX HSAs?

HSAs are tax-advantaged accounts, available with high-deductible health plans, that allow you to save pre-tax dollars to help you pay for qualified healthcare and dependent care expenses, such as doctor visits, prescriptions, and some over-the-counter items. Here are other benefits of an HSA:

• Tax Savings: Contributions to an HSA are pre-tax and lower your taxable income. Additionally, unused HSA funds will continue to grow tax-free year after year and may be used for qualified expenses now and in retirement tax-free. After age 65, you can use the funds for anything but you will lose out on some of the tax savings HSA’s provide if not used for qualified medical expenses.
• Long-Term Savings: HSA funds (only) roll over each year, and you are not required to spend your savings within a designated time frame. HSAs have the potential to grow substantially over time, providing funds to cover future medical needs, even in retirement.
• Retirement Planning: An HSA can act as an additional account alongside your 401(k) or IRA in retirement, as withdrawals for non-medical expenses can be used after age 65. You can also use HSA funds tax-free for Medicare premiums (except Medigap), deductibles, co-pays, and other qualified medical expenses in retirement. Plus, you can use them for long-term care expenses, including long-term care insurance premiums, home healthcare, and nursing home costs. Once you enroll in Medicare, you can no longer contribute to an HSA but can still use existing funds.. 

Key Considerations About RTX HSAs

Here are some considerations to know about the different HSA plans RTX offers:

• DCSA and HCSA Options: RTX offers a DCSA (Dependent Care Spending Account) for qualified expenses for dependents and an HCSA (Health Care Spending Account) for eligible expenses based on certain criteria. Note these are use-it-or-lose-it accounts, so funds DO NOT roll over each year and must be used within the given deadlines or they will be forfeited.
• RTX HSA Contributions: Based on your selected plan, RTX will also contribute to your HSA. Keep in mind employer contributions count toward your annual family contribution maximum. If you and a spouse have an HSA, ensure you stay within the yearly family limits ($8,550 for you plus one or more dependents plus a $1,000 catch-up contribution for those over age 55, in 2025) to avoid over-contributing and facing potential penalties or tax liabilities.

What Else Should I Consider When Choosing RTX Benefits?

There are various factors you can evaluate before Open Enrollment, including supplemental insurance for unexpected events. We recommend discussing your coverage needs with your financial advisor or an insurance professional:

• Life Insurance: Determine if coverage is needed and if you have enough based on your family’s needs, as beneficiaries will use it to replace your income. While we do not sell life insurance, CCMI can assist with determining the right levels of life insurance through our financial planning process to ensure there is sufficient income replacement for the surviving family members.  Please note that Accidental Death & Dismemberment (AD&D) insurance is much more restrictive and often only provides coverage under specific circumstances.  RTX pays for basic AD&D coverage but we encourage you to read the fine print before determining whether to pay more for supplemental AD&D.
• Long-Term Disability: While you have different options, we recommend choosing the 66 2/3% option. If you become ill or injured and cannot work, insurance will pay 66 2/3% of your income. This option also taxes premiums which results in some or all of the benefits being tax-free. The goal is to cover at least 60% of income after taxes. Note for executives and high-earners, the maximum coverage amount may not be sufficient to cover at least 60% of income after taxes. Consider additional coverage available to executives, which comes with extra paperwork.
• Group Legal Insurance: Consider legal insurance for cost-efficient advice and drafting of estate planning documents like a will, trust and powers of attorney, representation for estate planning purposes, real estate matters, tax audits, and more.  This option provides a more affordable way to get your estate planning documents drafted but you will have to select from a list of attorneys that operate under this plan.

Accidental Insurance and Critical Illness: This type of insurance provides a lump sum to help you pay for certain medical expenses.  Suppose your HSA account balance and or emergency reserves are sufficient to cover out-of-pocket medical expenses (these amounts are listed in your open enrollment packet). In that case, this extra coverage may not be needed.

CCMI Understands RTX Benefits

We’re uniquely positioned to help RTX employees navigate their RTX benefits. Kim Benson, a former RTX employee, is familiar with RTX plans, often advises former colleagues, and shares her insights into common situations employees may face. In addition to guiding you through Open Enrollment to maximize your benefits, we also help RTX employees in:

• Managing and exercising RTX stock options
• Exploring tax-efficient strategies, such as the mega backdoor Roth IRA
• Integrating RTX retirement, including decisions around the RTX 401(k) and benefits into their overall financial plan

If you have questions or want to learn more about maximizing your RTX benefits, please contact our team today to get started. View the 2025 Open Enrollment packet provided by RTX for more information on enrolling and detailed plan features.