Retirement Health Care Assistance Plan (RHCAP) for Dow Retirees

RHCAP Overview (565K PDF)

If you contributed to the Retirement Health Care Assistance Plan (RHCAP) as an active Employee, you can use available funds from your RHCAP account to pay for all or a portion of your medical premiums.

RHCAP - Summary Plan Description (SPD) (197K PDF)

For detailed information regarding RHCAP, download the Summary Plan Description.

RHCAP Claim Form (90K PDF)

Retirement Health Care Assistance Plan (RHCAP) Claim Form

RHCAP Fund Performance

RHCAP Plan assets are invested in two institutional funds provided by Northern Trust. The default election invests 60% of the assets in an equity fund and 40% in a fixed-income fund. Additionally a new option is now available which allocates 20% of the assets to an equity fund and 80% in a fixed-income fund. The assets are invested in the following funds:

Northern Trust U.S. Investable Market Index Fund – The fund employs a "passive management" or indexing investment approach. The primary objective of the Fund is to approximate the risk and return characteristics of the Morgan Stanley U.S. Investable Market Index. This index is commonly used to represent the broad U.S. equity market. To achieve its objective, the Fund employs a replication technique which generally seeks to hold each index constituent in its proportional index weight.

Northern Trust Aggregate Bond Index Fund - The Fund employs a "passive management" or idexing investment approach. The primary objective of the Fund is to hold a portfolio representative of the overall U.S. bond and debt market, as characterized by the Barclays Capital Aggregate Index. The Fund provides the desired exposure using quantitative techniques which maintain the portfolios neutrality to the index by monitoring a broad range of factors while limiting exposure to liquid securities and excessive transaction costs.

The investment goal of the RHCAP fund is to provide one option (default) which delivers growth of capital and low to moderate level of current income and a second option (20% equity / 80% fixed-income) which delivers 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 the returns are or could be negative.

60% Equity / 40% Fixed Income

2017 Fund Actual Performance

 1st Quarter   3.83% 
 2nd Quarter  2.37%
 3rd Quarter  3.10%
 4th Quarter  3.91%


RHCAP Annual Historical Actual Performance

 2017   13.87%   2011   4.4%   2005   5.1%   1999   12.4% 
 2016  8.63%  2010  14.9%  2004  9.8%  1998  20.3%
 2015  0.88%  2009  21.5%  2003  20.1%  1997  23.0%
 2014  9.99%  2008  -21.7%  2002  -9.8%  1996  15.7%
 2013  18.0%  2007  6.0%  2001  -2.6%  1995  31.7%
 2012  11.5%  2006  10.4%  2000  1.4%  1994  -1.4%

20% Equity / 80% Fixed Income

The following 20% Equity /80% Fixed Income returns are simulated returns based on the fund allocation weights and the actual returns of the respective fund. The 60% Equity / 40% Fixed Income returns are included for comparison purposes. The 20% Equity / 80% Fixed Income option enables the retired participant to de-risk their investment by increasing the fixed income allocation which could potentially reduce future investment returns.

 Q3-2017   1.59% 
 YTD 2017  5.24%
 1 Year  3.48%
 3 Year  4.34%
 5 Year  4.44%
 7 Year  5.25%


60% Equity / 40% Fixed Income

 Q3-2017   3.09%  
 YTD 2017  9.58%
 1 Year  10.86%
 3 Year  7.62%
 5 Year  9.32%
 7 Year  9.83%


RHCAP Manual Claim Form Q&A (71K PDF)

For additional information on RHCAP (how to submit a claim, etc.)