If eligible, you have been automatically enrolled in the Emeriti Plan.

"Vesting" refers to an employee's right to receive benefits from the retiree health plan after termination of employment. 

Your employer’s contributions (and any earnings attributable) may be subject to an age /or service requirement. Your employer’s plan rules will specify when you are vested in the employer portion of your account. If you terminate employment after satisfying the age and/or service requirement, you will be fully vested in your account. If you terminate employment prior to meeting the age/or service requirement, the employer portion of your account will be forfeited. Employee contributions (and any earnings attributable) will be fully vested and accessible upon termination of employment. 

Upon termination of employment, you may access your vested benefits to pay for out- of- pocket medical expenses for you, your spouse, and/ other eligible dependents (if any). 

Please note: Retiree health benefits do not pass to your estate upon your death. Any remaining vested account balance will be accessible to your spouse /or other eligible dependents (if any). If you do not have a spouse or eligible dependents (or upon their death) any remaining vested account balance will be forfeited. This includes any employee contributions (and earnings attributable).

REIMBURSEMENTS
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.