Retiree Health Plans

Retiree Health Plans

As an MIT retiree, you, your spouse or partner at the time of your retirement, and eligible dependents may choose to participate in one of MIT's health insurance plans.

Your coverage options depend upon your age at retirement:

Eligibility

MIT retirees, age 55 or older, who have completed 10 years of MIT retirement-plan-eligible service after age 45 can participate.

You are eligible for MIT retiree medical benefits if:

  • You have retired from the Institute, are at least age 55, and you have 10 or more years of retirement-plan-eligible service after age 45. 
  • You qualify for grandfathered eligibility if, on July 1, 1995, you were: 1) retired from MIT and were eligible for retiree health insurance benefits; or 2) actively employed by MIT and had attained at least age 65 on that date — or age 55 with at least 10 years of retirement-plan-eligible service. If you qualify for grandfathered eligibility, MIT pays the full cost of Blue Cross and Blue Shield's MEDEX Supplement and subsidizes the other Medicare Supplement Plans up to the cost of MEDEX.

Understand Your Options

If you retire before age 65

If you retire before age 65, you will continue to be covered by one of the health plans available to active MIT employees. Any eligible dependent children will continue to be covered under a family plan with you and/or your spouse or partner until you both reach age 65 and become eligible for Medicare. If you are married and do not have dependent children, you and your spouse will each be covered under your own individual plan.

Approximately, three months before you reach the age of 65, the MIT Benefits Office will send a packet of materials to your address on record describing the Medicare Supplement Plans and the forms needed to enroll as of the first day of the month in which you reach age 65. If you do not receive a packet, contact the Benefits Office.

Learn more about your health plan options.

If you retire at or after age 65

If you retire at or after age 65, Medicare Parts A and B will become your primary insurance. You may add to that coverage one of the Medicare Supplement Plans offered by MIT.

Learn more about your health plan options.

If you are age 65 or over and your spouse or partner is under age 65 when you retire

An eligible spouse or partner under the age of 65 at the time of your retirement will be eligible to remain in an active MIT health plan — an individual plan if you are only covering a spouse, and a family plan if you are covering both a spouse and dependent children. If you are over age 65, you will be covered by Medicare. You may supplement that coverage with one of MIT's Medicare Supplement Plans. Generally, three months before the month in which your spouse/partner reaches age 65, he or she will receive a reminder from the MIT Benefits Office to enroll in Medicare Parts A and B. He or she will also receive a packet of materials describing MIT Medicare Supplement Plan options, including the forms needed to enroll as of the first day of the month in which he or she reaches age 65.

If your spouse is at least age 65 when you retire

If your eligible spouse/partner is age 65 or older when you retire, his or her primary coverage must be Medicare. He or she is also eligible to apply for additional coverage under one of MIT's Medicare Supplement Plans. Your spouse or partner is not obligated to have the same supplemental coverage that you have.

Review the Cost of Health Insurance

How much does MIT contribute?

MIT pays this percentage of your retiree medical plan:

Years of service after age 45 MIT Share Retiree Share
20+ 70% 30%
19 68% 32%
18 66% 34%
17 64% 36%
16 62% 38%
15 60% 40%
14 58% 42%
13 56% 44%
12 54% 46%
11 52% 48%
10 50% 50%

How much do you contribute?

Retirees under age 65

Any cost will be deducted from your MIT Basic Plan monthly pension check. You will be billed monthly if you defer receipt of your MIT Basic Plan benefit.

  • MIT's share of the cost of coverage will be based on your years of retirement-plan-eligible service with the Institute after age 45. See chart above.
  • MIT's share will equal 50% for retirees with 10 years of such service after age 45.
  • MIT's share will increase two percentage points for each additional year of service beyond the initial 10 years of required service to a maximum of 70% for retirees with 20 or more years of such service after age 45.

See the full monthly cost for retirees under age 65.

Retirees age 65 and over

MIT will pay a percentage of the cost of your monthly medical premium up to the full monthly cost of MEDEX. The dollar amount MIT pays will change as the cost of MIT Group MEDEX changes.

  • MIT's share of the cost of coverage will be based on your years of retirement-plan-eligible service with the Institute after age 45. See chart above.
  • MIT's share will increase two percentage points for each additional year of service beyond the initial 10 years of required service to a maximum of 70% for retirees with 20 or more years of such service after age 45.

See the full monthly cost for retirees age 65 and over.

Retirees over age 65 — Grandfathered Group

You are eligible for grandfathered premium contributions if, on July 1, 1995, you were: 1) retired from MIT and were eligible for retiree health insurance benefits; or 2) actively employed by MIT and had attained at least age 65 on that date — or age 55 with at least 10 years of retirement-plan-eligible service. If you qualify for grandfathered status, MIT pays the full cost of Blue Cross and Blue Shield's MEDEX Supplement and subsidizes the other Medicare Supplement Plans up to the cost of MEDEX.

See the cost for retirees over age 65 -- grandfathered group.

Prescription Drug Plans

MIT retirees age 65 and over (or those who are disabled and enrolled in Medicare) who enroll in one of the Medicare Supplemental Plans will automatically be enrolled in the Medicare Part D Prescription Drug Plan sponsored by MIT. 

Retirees under age 65 who enroll in an under 65 plan (MIT Traditional, MIT Choice or Blue Care Elect) will automatically be enrolled in the MIT active group Prescription Drug Benefit.

Medicare Supplement Plans

Review the Medicare Supplement Plans Comparison Chart (below) to learn about other health plans that MIT offers to eligible retirees and their spouses age 65 and older and to qualified Medicare recipients on the MIT Long-term Disability Plan.

Learn more about MIT and Medicare.

Members of collective bargaining units

All plan provisions are subject to the terms of your collective bargaining agreement.

MIT reserves the right to alter, amend or terminate the provisions of this benefit plan to any extent and in any manner that it may deem advisable.

International Travel Information

Are you traveling overseas and enrolled in the MIT Traditional, MIT Choice, Blue Care Elect PPO, Medex, or Managed Blue for Seniors plans? If so, you may want to print out the BlueCard Worldwide brochure (PDF) to take along with you. In the event you require medical services while traveling overseas and need to pay out-of-pocket for these services, you can print out the BlueCard Worldwide International Claim Form (PDF) and submit it for reimbursement directly to BlueCard Worldwide, along with your original, itemized bill(s) and paid receipts(s). Please be sure to keep copies of what you submit to BlueCard Worldwide for your records. You should receive your reimbursement, less any co-payment(s), co-insurance, or deductible amounts that you are responsible to pay, within 30 calendar days. Please note that the MIT Traditional, Medex, and Managed Blue for Seniors plans offer emergency care only while traveling overseas.

If you are enrolled in the Tufts Medicare Preferred or Tufts Medicare Complement plans, these plans offer emergency care only while traveling overseas. In the event you require emergency medical services while traveling overseas and need to pay out-of-pocket for these services, you can print out the Tufts Medicare Preferred (PDF) or Tufts Medicare Complement (PDF) Member Reimbursement Form and submit it for reimbursement directly to Tufts Health Plan, along with your original, itemized bills(s) and paid receipt(s). For more information regarding overseas coverage, call the member services number on the back of your ID card.

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