One of the benefits of the Emeriti Plan is tax-free reimbursements for qualified medical expenses, including a broad range of out-of-pocket expenses per IRC Section 213(d)Opens in a new window, which covers health insurance premiums, co-payments, medical equipment, deductibles and long-term care expenses.
Once you terminate employment and meet your institution's vesting requirements, and/or the Emeriti Plan's retirement eligibility criteria, you will be able to access the funds available in your Emeriti Health Account. Please note that if you leave the institution, you will have immediate access to the funds derived from your voluntary after-tax contributions into the Emeriti Health Accounts. Learn more by visiting the emeritihealth.orgOpens in a new window website.
HEALTH INSURANCE IN RETIREMENT
When you reach "retirement eligibility," (determined by your Plan) you can enroll in nationally portable group retiree health insurance including medical, Medicare Part D prescription drug, and dental coverage. With Emeriti, you can mix and match different medical and prescription drug plans and change your mind each year as your healthcare needs change, with no medical underwriting ever.
Learn more about Health Insurance in RetirementOpens in a new window.