Vision Care Plan for Retirees
If you are enrolled in the Vision Care Plan as an employee, coverage ends on the last day of the month in which you retire from employment.
When you retire, you have the option to enroll in a retiree vision care plan for yourself and your eligible dependents or continue coverage in the employee vision plan through COBRA for up to 18 months. If you choose to enroll in the VSP vision plan, you can disregard the COBRA information you will receive in the mail from Crosby Benefit Systems about continuing your employee vision insurance.
Continuing Employee Vision under COBRA
Under COBRA, a federal law, you and/or your enrolled dependents may continue to participate in your employee vision plan for up to 18 months. In addition to your current monthly premium, you will also pay a two percent administrative fee. You can read about how COBRA works, including COBRA rates, in more detail on our COBRA website.
The plan offered is administered by Vision Service Plan (VSP) and is similar to the employee vision plan. To enroll, you must complete the “Princeton Healthcare Election Form” by the last business day of the month in which you are employed by the University. You may also elect coverage during the Annual Open Enrollment period each year. Once enrolled, you may not terminate your retiree vision coverage mid-year.
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.