Retiree Health and Life Insurance

Last Updated 11/08
Applies to Faculty and Exempt and Non-exempt Staff

Policy

The University offers eligible retirees several health insurance options.

Eligibility

  • An employee age 55 or older with at least 15 years of full-time service, with 10 such years of full-time service with the University after age 45, who retires directly from active employment, and is currently covered by the University’s health insurance
  • An employee age 62 or older with at least 10 years of full-time service, with 10 years such years of service with the University after age 45, who retires directly from active employment, and is currently covered by the University’s health insurance
  • Spouses of such employees if they are covered by the University’s health insurance at the time of the employees’ retirement
  • An employee disabled under the Employee Staff Pension Plan or Long Term Disability Plan of the University and meets the eligibility requirements for retirement
  • The surviving spouse/dependents of an employee who dies during active employment and would have been eligible under retiree insurance

Enrollment

A retiree and spouse can be enrolled in different health care plans based on a difference in their ages. An employee and/or dependent who was previously eligible for retiree health insurance but did not enroll during their initial eligibility may be eligible to re-enroll if they experience a recognized change of status.


Early Retirement (prior to age 65)

Coverage elected at early retirement is in effect until age 65, at which time the retiree will begin to receive their Health Reimbursement Account payments.

More information


Normal Retirement (age 65 or older)

More information on plan details and current premiums for post 65 retiree insurance options.


Retiree Life Insurance Benefits

Available coverage options and other pertinent details are as follows:
• $5,000 in term life insurance coverage on the retiree’s life only
• The Beneficiary is designated by the retiree when coverage is elected
Premiums are paid by the retiree depending upon their retirement plan as follows:
• University of Notre Dame 403(b) Retirement Plan (Faculty and exempt staff): Authorization to deduct the premium annually from the retiree’s checking or savings account
• Employees’ Pension Plan (Non-exempt staff ) – automatically deducted from the retiree’s monthly retirement benefit

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