Human Resources

Staff Policies and Procedures Manual

VII. Benefits

D. Health insurance for retirees

Reed College reserves the right to change, terminate or otherwise modify any or all provisions of the following benefits at any time and for any reason.  This is a summary only; refer to the plan document for specific and complete information.

Initial eligibility: 

Employees of the college who:

  • are regular employees of the college on September 1, 2001 and eligible for the college’s health insurance benefits for 10 or more consecutive years; OR begin their regular employment with the college on or after September 2, 2001 and eligible for the college’s health insurance benefits for 20 or more consecutive years; and
  • are age 55 or older; and
  • terminate employment or remain employed by Reed College but no longer meet the eligibility requirements for health insurance for active employees; and
  • have been enrolled in the college’s health insurance as required by the insurance carrier.

Spouse/domestic partner and dependent children eligibility:

  • A spouse to whom the employee was legally married is allowed to enroll in the health insurance plan on the date of retirement and will be eligible for coverage under the group health insurance plan. 
  • A domestic partner who meets the Reed College criteria for domestic partnership which was effective on the date of retirement is allowed to enroll in the health insurance plan on the date of retirement and will be eligible for coverage under the group health insurance plan.
  • Dependent children of the eligible employee is allowed to enroll in the health insurance plan at the time of retirement and will be eligible for coverage under the group health insurance plan in accordance with the provisions of the plan. 

Duration of eligibility:  

  • The retiree will be eligible for the lifetime of the retiree.
  • The spouse will be eligible as long as the spouse remains married to the retiree.
  • The domestic partner will be eligible as long as he/she remains in the partnership with the retiree.
  • Dependent children will remain eligible in accordance with the plan document

Death benefits:

The spouse/domestic partner and dependent children of an eligible but deceased retiree will remain eligible for health insurance benefits.

Definition of retiree:

Early retiree: between 55 and 64 years of age

Regular retiree: 65 years of age or older

Medicare coordination:

Retirees eligible for Medicare are required to have both Part A and Part B of Medicare in order to qualify for retiree health insurance benefits.

The plan:

The college, in its sole discretion, shall determine the plan(s) and benefits available to retirees. A summary of the benefits provided, in any given year, is available in the Human Resources Department and website.

Contribution:

Annually the college will determine the amount of contribution it will provide in that year.

For employees who retire on or after January 1, 2002 (without having declared their intent to retire prior to that date) the college’s contribution to the retiree is based on the core benefit, which is defined to be the least expensive single party coverage offered by the college.  The college's contribution to two-party and family coverage is also based on the core benefit.  Retirees may choose more expensive coverage but must pay the difference in the premium amounts between the college’s contribution toward the core benefit and the elected coverage. 

For employees hired on or after July 1, 2006 the college’s contribution will begin at age 40 and continue for 25 years while the employee is working in an eligible class.  Employees are vested when they meet eligibility as stated in the Initial Eligibility section of this manual.

Discontinuance of coverage for non-payment:

A retiree who fails to make a premium payment, as required, for more than 60 days, will be removed from coverage and will not be reinstated.

last revised: 2/13/2012

last reviewed: 2/13/2012

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