It’s Not Too Early to Plan for Retiree Health Coverage
Did you know that once you retire, you may be eligible to continue your university-provided medical and dental coverage? You only need to meet certain age and service requirements at the time you retire. Keep in mind, however, that the cost of retiree coverage is more than you pay as an active employee today. That's because the university contributes more towards the cost of active coverage than retiree coverage. So it's important to factor in the cost of your medical/dental benefits as you plan your future retirement savings.
You are eligible for medical and dental benefits in retirement if you:
- Retire from the university in good standing.
- Are at least 55 years old at the age of your retirement, and
- Have 10 or more years of continuous full-time service with the university directly prior to your retirement.
- You completed 30 or more years of continuous full-time service with the university directly prior to your retirement.
Your spouse/same-sex domestic partner may also be eligible for coverage if they meet the university’s rules for dependent eligibility.
As a retiree, once you turn 65, you must enroll in Medicare Part A and Part B. Your medical coverage through Johns Hopkins University becomes your secondary coverage once you are Medicare eligible.
Note: if you are still actively working when you turn 65, you do not need to enroll in Medicare. To learn more about your medical benefits in retirement and their cost, click here and choose "Faculty and Senior Staff" or "Support Staff and Bargaining Unit."