Retiree Health and Life Insurance

Last Updated 04/03
Applies to Administrators, Faculty, and Staff

Policy

The University offers eligible retirees several health insurance options.

Eligibility

  • An employee who has ten (10) years of service with the University, 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 have an opportunity to elect one of the normal retiree health plans. Information is available at:

http://www.nd.edu/~hr/benefits/retirees.shtml

Normal Retirement (age 65 or older)

Information on plan details and current premiums for post 65 retiree insurance options is available at:

http://www.nd.edu/~hr/benefits/retirees.shtml

Retiree Life Insurance Benefits

Available coverage options and other pertinent details are as follows:

  • Term life insurance coverage on the retiree only
  • Beneficiary is designated by retiree when coverage is elected
  • Two (2) options are available - $2,500 and $5,000
  • The amount of coverage elected cannot be changed at a later date
  • Premiums are paid by the retiree depending upon the retirement plan selected as follows:
    • Notre Dame Faculty and Administrators Retirement Plan statement is sent to the retiree annually
    • Employees’ Pension Plan (Staff Pension Plan) – automatically deducted from monthly retirement benefit check

Additional details and current premiums are available at:

http://hr.nd.edu/benefits/retirees.shtml#retireelife