New Retirees

New Retirees  

Pre-Medicare Retirees

All Caltech retirees will keep their employee medical coverage through the last day of the month in which your termination of employment occurs. Please note that you will need to actively elect coverage within 31 days of retirement to enroll in your retiree health benefits. You are eligible to enroll in these benefits when you are 55 or older with 10 or more years of continuous benefit-based service with the institute. You may also be retirement eligible when you are age 55 or older with 20 years of total service as long as you are a benefit-based employee during the last 12 months of your employment.
 

Pre-Medicare Retirees will receive a Welcome Packet from Mercer approximately 60 – 90 days prior to your scheduled retirement date. You will be able to make changes to your retiree benefit elections during the annual open enrollment period each fall. You can also make changes if you experience a qualified life event such as marriage or losing or gaining other coverage.
 

After you have received your Welcome Packet from Mercer, Pre-Medicare Retirees may contact Mercer at 1-855-251-0910 for additional information.
 

Review the current retiree benefits options here (see pages 8-15).

Medicare-Eligible Retirees

All Caltech retirees will keep their employee medical coverage through the last day of the month in which your termination of employment occurs. Please note that you will need to actively elect coverage within 31 days of retirement to enroll in your retiree health benefits. You are eligible to enroll in these benefits when you are 55 or older with 10 or more years of continuous benefit-based service with the institute. You may also be retirement eligible when you are age 55 or older with 20 years of total service as long as you are a benefit-based employee during the last 12 months of your employment.
 

As you approach age 65, approximately 69 – 90 days before your 65th birthday, you will receive age information from Mercer regarding the Medicare plan options available to you.
 

You must also enroll in Medicare Part A & B to enroll in Medicare coverage options. Coverage under the Caltech Medicare plans will become effective the first of the month following receipt of your application or the first of the month in which you turn 65 if your application is received prior to your 65th birthday.
 

Medicare-Eligible Retirees may contact Mercer at 1-855-251-0910 for additional information.
 

Review the current retiree benefits options here (see pages 8-15).