Age Plus Completed Years of Service (Minimum 10) must equal 75 on or before December 31, 2005
To be eligible for continuation of subsidized medical benefits, you must have been enrolled in a University-offered group medical plan for a minimum of two years prior to retirement. Each Fall, you will be given the opportunity to re-evaluate your coverage options. Actively enrolled dependents are eligible for continued coverage per plan guidelines; however, no new dependents are eligible to enroll for coverage after the onset of retirement. Please be advised that if you elect to terminate coverage, you will not be eligible to re-enroll in a University-offered group plan at a later date.
To confirm your eligibility for retirement benefits, please contact your HR Manager.
Under Age 65: If you (or your spouse/same-sex partner) are under age 65 at the time of retirement, you are not yet eligible for Medicare. However, you can elect to continue your current individual, retiree + 1 or retiree + 2 or more medical insurance coverage. You will be billed 30% of the monthly premium cost.
Over Age 65: Once you (or your spouse/same-sex partner) attain age 65, Medicare will become your primary insurance. You must notify Social Security (1-800-772-1213) to enroll in Medicare, Parts A and B. Your University-offered group medical coverage will change to the United HealthCare AARP Options - Medicare Supplement Plan F and Prescription Drug coverage through UnitedHealth Medicare Rx. You are eligible on the first of the month in which you attain age 65 (or if your birthday is the first of the month you are eligible the month prior). Please consult the applicable United HealthCare plan materials for information regarding coverage and out-of-pocket costs. You will be billed 30% of the monthly premium cost for your supplemental coverage. Your spouse/same-sex partner is eligible to participate in the group supplemental plan; however, he/she is required to pay 100% of the monthly premium cost. You must contact HRD at least three months in advance of your planned retirement in order to ensure appropriate processing and timely enrollment.
If you are enrolled in the dental plan at the time of retirement, you can elect to continue this coverage. You will be billed 100% of the monthly premium cost (dental insurance rates). Actively enrolled dependents are eligible for continued coverage per plan guidelines; however, no new dependents are eligible to enroll for coverage after the onset of retirement.
All group life insurance ends upon retirement. Conversion and/or portability options may be available. Appropriate paperwork is available through HRD and must be requested within 30 days following the date of retirement.
Upon retirement, a $2,000 life insurance policy is maintained at no cost to the retiree. Please contact HRD if you have questions regarding current beneficiary information on file.
Retired faculty and staff who have completed 10 years of continuous service are eligible for the same tuition remission benefits made available to active full time faculty and staff (this does not include the Tuition Exchange or Consortium tuition benefits). Please contact HRD for more information and applicable paperwork.
This policy is subject to change at the discretion of the University.
Please contact your designated HR Representative if you change your address at any time during your retirement.