Retired academic staff – Group insurance benefits changes for those retiring after May 1, 2017
The changes are part of the University’s ongoing efforts to harmonize group insurance plans so that all can enjoy a similar coverage.
Academic staff who elect to take their retirement after May 1, 2017 will be able to continue their participation in the extended health and dental plans until the first day of July after they attain the age of 65. Retirees pay the premiums and they keep the same extended health and dental coverage they had prior to commencing retirement.
Retired academic staff with a retirement date of May 1, 2017 or before, are covered by the retiree extended health and dental plans in place at the time of their retirement.
If you have questions, email HR Benefits.
Health Care Spending Account (HCSA)
| Current coverage | Change | New coverage |
|---|---|---|
|
For eligible members, an annual HCSA deposit allocation of $1,250 |
Increase in annual deposit allocation of $100 effective January 1, 2017 |
For eligible members, an annual HCSA deposit allocation of $1,350 |