Early Retiree Medical Benefits

| January 31, 2014

Webster University’s comprehensive benefits package (including health, wellness, paid time off and retirement benefits) has always remained industry competitive. Now, with the implementation of the Affordable Care Act, many options are available for medical coverage.

Like many other universities have already implemented, Webster is making changes to the Early (pre-65) Retiree Medical plan. While early retiree medical benefits remain the same, those who retire after June 1, 2014 will be responsible for all costs of the program.

Retire Prior to June 1, 2014

Employees who are at least 55 years old with at least 15 years of service are able to retire and keep the University’s medical, dental and/or vision insurance until age 65 with the University continuing to pay a portion of the cost.

Retire After June 1, 2014

Employees who are at least 55 years old with at least 15 years of service are able to retire and keep the University’s medical, dental and/or vision insurance until age 65. However, those who retire after June 1, 2014 will be responsible for all costs associated with the program.

Grandfathered: Eligible employees who retiree prior to June 1, 2014 (including those currently participating in the pre-65 early retiree plans) are grandfathered and will continue to receive University contributions toward the cost of this insurance until they reach age 65.

To discuss the early retirement opportunity, contact Margie Prader in Human Resources, 314-246-4252 or mprader57@webster.edu.

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