Retiree Medical Benefit Plan
Retiring employees and their eligible dependents that are currently on the active plan, may enroll in the retiree medical benefit plan upon completion of ten consecutive years of full-time employment after age 50. Employees hired after January 1, 1995 will not be eligible for medical benefits upon retirement.
To participate in the Retiree Medical Benefit Plan, a new enrollment form needs to be completed and returned to the Employee Benefits Manager by the first day of the month after the employee’s retirement date. If the retired employee chooses not to enroll or cancels his or her participation after enrolling in the plan, reenrollment is not allowed. In case of death of the retiree, dependent coverage will continue until the spouse dies, remarries, or has other group medical benefits available to them (excluding Medicare). Employees retiring after June 30, 1989 will be responsible for sharing in the cost of medical coverage through medical benefit premium payments. Employees hired after January 1, 1995 will not be eligible for medical benefits upon retirement.
COBRA medical benefit continuation is also offered to retirees. A retiree may elect either the COBRA coverage or the Retiree Medical Benefit Plan (refer to the “COBRA” policy).
Revised February 13, 2007.
In effect April 26, 2004.
Vice President for Finance and Business Affairs.
Note: The Rhodes College Handbook is not a contract of employment, nor should it be construed to create a contract with the College. Rhodes reserves the right to make future changes to its policies, practices, and fringe benefits. If such changes occur, the College will inform employees of such changes and their effect, if any. If you have questions, please contact The Rhodes Human Resources Department at firstname.lastname@example.org.