Correct me if I'm wrong but I think this is how it flows. You retire before 65 you can pay for company sponsored health plan. Cost is roughly $700 ea for pilot and spouse, this is after the company contractual subsidy. Then at age 65 no more company plan, your now on Medicare. When you're on medicare this is where the post medicare veba comes in. It pays $120 ea pilot and spouse, not sure if it adjusts up. To collect the $120 you must have been on the company sponsored plan at 65.