Retirement from SU Prior to January 1, 2006
To be eligible for coverage under the Syracuse University Retiree Medical Benefits Plan that is described below, you must have retired prior to January 1, 2006, satisfied certain transition group requirements, and complied with certain other eligibility requirements. Coverage for retirees in this category is as follows:
Prior to attaining age 65
- Two medical plan options were offered to eligible retirees: SUBlue or SUOrange. The costs for the coverage are based on the plan selected.
- Prescription drug coverage administered by Medco will be available to eligible retirees under the Syracuse University Retiree Prescription Drug plan.
- Contributions required for eligible retirees are the same as generally apply to eligible active employees (subject to modifications as may be announced from time to time by the University's Office of Human Resources).
- Available to an eligible retiree through the end of the five-year period that commences on the date the eligible retiree becomes eligible for Medicare OR the date the eligible retiree retires from the University, whichever is later.
- Medicare Part A and Part B become the eligible retiree's primary medical coverage sources upon attaining age 65. The costs for these Medicare coverages are paid by the eligible retiree. Supplemental medical-only coverage is offered to an eligible retiree through the SUBlue or SUOrange programs.
- Prescription drug coverage administered by Medco will be available to eligible retirees under the Retiree Prescription Drug plan through the end of the five year period.
- The University pays 100 percent of the premium costs after age 65 and through the end of the five year period, if the eligibility requirements are met.
- Medicare Part A and Part B continue to be an eligible retiree's primary medical coverage sources, paid by the eligible retiree. Supplemental medical-only coverage can be continued through the SUBlue or SUOrange options.
- Prescription drug coverage is available through Medicare Part D to those who satisfy the applicable eligibility requirements. Costs for this coverage are paid directly by the covered retirees.
- There is NO University subsidy for the extended retiree medical coverage under the Retiree Medical Plan after expiration of the five year period.
As is the case with all of its employee benefit plans, the University reserves the right to modify or terminate the Retiree Medical Plan and/or the Retiree Prescription Drug Plan (including the terms of those Plans described in this summary) from time to time. You only will be eligible for the coverages described in this summary if the Retiree Medical Plan and the Retiree Prescription Drug Plan are satisfied, and the terms of the those Plans will control if there are any inconsistencies with this summary.