Retiring - end of eligibility
The following includes information about impact on Brandeis benefits employee based on age you retire and length of service:
- Retiring prior to age 65 with less than 20 years of service:
- You are eligible to continue medical, dental and vision through COBRA. Other options for enrollment include new employer, spouse's plan or a State plan through Healthcare.gov Marketplace.
-
Retiring between age 62 and 65 with 20 years of service:
-
If you retire early, you may be able to continue the medical insurance only at your current employee rate and Brandeis would continue to pay its share until you reach 65 and are eligible for Medicare. If your spouse is 65 or older during this period, they should consider enrolling in Medicare. Dental and vision insurance can be continued through COBRA.
-
- Retiring over age 65 and over:
-
Employees should contact the HR Benefits Team three months prior to retiring to request and complete the Employment Information Waiver Form, which when submitted to Social Security along with the Medicare Part B application, will allow the employee to enroll in Medicare Part B without penalty. Dental and vision insurance can be continued through COBRA.
Please note: continuing medical coverage through COBRA is not considered active coverage and may result in Medicare penalties.
-
- Separating from service/ No Longer Eligible - Benefit Summary -end date per benefit.
- Medicare - Parts of Medicare