Retirement Overview
Faculty and staff members who are in active employment and are at least age 52 with a minimum of 10 years of service, are eligible to retire from the college.
You may use this Retirement Checklist if you are planning to retire from the college. To begin the retirement process, you must send a written notification of your retirement to your manager/Dean, with a copy to Human Resources. Once Human Resources receives a copy of your retirement notice, a Retirement Packet will be prepared for you.
Enrollment in Health Insurance
Employees who are eligible to retire and who were covered under one of Oberlin College’s group health plans while in active service, may enroll to continue to participate in the health plan during retirement.
- Retirees under 65 will be enrolled in the Consumer Driven Health Plan with a Health Reimbursement Account (HRA)
- Retirees age 65 and over will be enrolled in the Medical Mutual Medicare Advantage Plan with SilverScript (prescription coverage).
- retirees under 65 whose spouse or Domestic Partner is age 65 and over, and participates in our health plan, will also be enrolled in the Medical Mutual of Ohio Retiree Comp Plan.
Enrollment in Vision and Dental Insurance
To continue or elect coverage in the Vision and/or Dental plans, you must indicate your choice at the time of retirement.
Open Enrollment Period
Each year during the Open Enrollment period in October, you may change/cancel your coverage. The change will go into effect on January 1, the following year. If you do not need to make any changes to your coverage, you would not need to complete enrollment forms during Open Enrollment. Additional information with respect to plan changes, if any, together with other information will be mailed to each retiree during Open Enrollment.
Your Dependent(s) Eligibility
Benefits coverage for you and your eligible dependents in effect at the time of retirement can continue. Covered dependent children remain on your benefits until they no longer meet eligibility requirements, usually the end of the month in which they turn 23 for vision and dental insurance, or 26 for health insurance.
Note: A retiree cannot add a dependent during retirement.
Other Benefits
Please review the applicable sections on the Retirement Process web page for information on your Life Insurance, Accidental Death & Dismemberment Insurance, Long Term Care, TIAA Retirement Plan, and Dental and Vision Plans.
Oberlin College Department of Human Resources
173 W.Lorain St.
Oberlin, OH 44074
440-775-8430
Social Security Administration
221 West 5th St.
Lorain, OH 44052
(866)415-0172
www.socialsecurity.gov
Medicare
(800 MEDICARE
www.medicare.gov
TIAA
(800) 842-2776
Medical Mutual
(800) 586-4509
CVS Caremark
(844) 283-4674
Superior Dental Care
(800) 762-3159
KAZ Company
(216) 901-9300
Retirement Bootcamp Informational Flyer
OSHIIP - Medicare
Tuesday, November 19, 2024
12p - 1p in Moffitt (Mudd)
OSHIIP stands for Ohio Senior Health Insurance Information Program
Sarah Florimonte - Community Liaison Ohio Department of Insurance
Sarah will explain how to navigte through Medicare A-B-C and D and will answer your quesitons.
OSHIIP Gives free service to helping individuals pick a medicare plan that serves their individual needs.
OSHIIP Hotline if you need help in navigating Medicare programs is 1 800-686-1578
TIAA - Income Options at Retirement
Wednesday, November 20, 2024
12p - 1p in Moffitt (Mudd)
TIAA - Teachers Insurance Anuity Association - Our 403b Provider
Victor Roach VP of Wealth Mgmt
Victor will be on hand to talk about what income options you have at retirement through TIAA
To schedule a one on one meeting with Victor during the year call (216) 839-6030 or email Victor.roach@tiaa.org
Medical Mutual - Medicare Advantage Plan
Thursday, November 21, 2024
12p - 1p in Moffitt (Mudd)
Medical Mutual is our Healthcare Insurer for both the Under 65 CDHP as well as the Medicare Advantage and Comp Plans for Retirees
They will be here to answer questions regarding our Retiree's Healthcare plans and also cover the change in prescription coverage from Silverscripts to Express Scripts
Bill Barratt is the Medicare Advantage expert for Medical Mutual and Andrea Knierim is our Account Executive for both the U65 CDHP and Retirees Medical Advantage Plan
Bill will Highlight the Medicare Advantage plan utilizing the new prescription plan change through Express Scripts for those on Medicare Advantage for 2025.
Medical Mutual Advocacy Program - a new resource that can help you make the most of your health plan.
Medical Mutual's Health Advocacy Program gives you access to a designated team of experts to guide you through your healthcare journey.
This team is familiar with the Oberlin College plan and can connect you with vital resources when you need extra support.
They will serve as a single point of contact for you. 1-888-636-3622
Medical Mutual Health Advocates
Social Security Live Webinar
Friday, November 22, 2024
12p - 1p Live Seminar Link
1p - 1:30p Q&A session on web live
Brandon Smith - Social Security Public Affairs Specialist
Brandon will be with us LIVE on Teams to talk about an overview of Social Security and benefit updates for 2025
When the Webinar ends at 1 pm he will stay on line for Q and A until 1:30 pm
Click here to register for the live seminar.