Retiree Medical Plans
Our retiree health plans are categorized into two groups based on your age:
- Retirees under age 65
- Retirees age 65 and over
Follow the appropriate link to view monthly rates for each plan:
Retiree Medical Plans for Retirees Under Age 65
Retirees under age 65 have several health plans from which to choose. The under-65 retiree health plans mirror the active faculty and staff medical plans, with the exception of the J-1 visa health plan which is not available to retirees. The Prescription Drug Plan is provided with each health plan.
About three months prior to becoming age 65, retirees enrolled in our under age 65 plans will receive a post-65 retiree health packet and enrollment form. Enrollment in the Princeton Medicare Plan must be completed within 31 days of you turning age 65. Otherwise, it is assumed that you are waiving this coverage. If you do not enroll at that time, you may not enroll at a later date.
When you turn age 65 and are retired, Medicare Parts A and B will become your primary health care plan provider and the Princeton plan will be your secondary plan.
Retiree Medical Plans for Retirees Age 65 & Over
Currently, retirees 65 and over who retired after January 1, 2003, have one health plan option, the Princeton Medicare Plan, which is secondary to Medicare Parts A and B. Prescription Drug Plan coverage is also provided with the Princeton Medicare Plan.
Enrollment in the Princeton Medicare Plan must be completed within 31 days of you turning age 65. Otherwise, it is assumed that you are waiving this coverage. If you do not enroll at that time, you may not enroll at a later date.
Individuals who retired prior to January 1, 2003, may be enrolled in either the Princeton Standard Plan or the Premium Plan, including its corresponding Prescription Drug Plan.
All retiree plans for retirees age 65 and over assume plan participants are enrolled in Medicare Parts A and B. It is important that you elect both Medicare Parts A and B, because the Princeton Medicare Plan assumes that you have both Parts A and B and pays benefits accordingly.
Enrollment in a Retiree Health Plan
If you are eligible for a retiree health plan and you have decided to retire, enrolling in a Princeton retiree health plan is easy.
You should contact a Benefits Team member at 258-3302 or by e-mail at email@example.com to request a retiree packet and enrollment form. You can also make an appointment to review your specific health plan options and complete the enrollment form.
- Enrollment in a retiree health plan must be completed within 31 days of your retirement date. Otherwise, it is assumed that you are waiving retiree health coverage. You will not be able to enroll at a later date.
- You can complete enrollment in advance of your last day at work. If you wish, you and your eligible dependents can meet confidentially with a Benefits Team member to discuss your plans and answer your questions.
Members of the Benefits Team are available to meet with you to review the health plans and answer questions you might have about the plan provisions.
You can count on support from knowledgeable and responsive HR staff when you have a benefits question or problem. Just call or e-mail us. We’re here to help!
While the University intends to continue each of the benefit plans, the University reserves the right to terminate or amend any plan, at any time, and for any reason.