Retiree benefits open enrollment is Sept. 24-Oct. 5
Princeton NJ — The University’s retiree 2008 annual benefits open enrollment period is from Monday, Sept. 24, through Friday, Oct. 5, with changes effective Jan. 1, 2008.
During this time, retirees may change or waive their health plan coverage. Retirees also may remove dependents from their health care plan. If health care coverage is waived or if dependents are removed from the plan, re-enrollment at a later date is not permitted.
Retirees soon will be receiving information in the mail about the retiree health care plans. For all pre-65 retirees and those post-65 retirees enrolled in the Princeton Medicare Plan, there will continue to be no annual deductible for the Medco Health Prescription Drug Plan. Also, the co-payments for retail and mail-order generic, brand name and multisource prescription drugs will remain the same for 2008 for all of the retiree medical plans.
All pre-65 retirees and those retirees enrolled in the premium, standard and Princeton Medicare plans will continue to have the option of electing to enroll in a vision and/or dental plan. A summary of these benefit plans and an election form will be included in their open enrollment materials. Those already enrolled in the vision and/or dental plan will have the option to add and/or remove dependent(s) or waive the coverage.
Also enclosed in the open enrollment package will be information regarding the Medicare Part D prescription drug plan. Retirees are encouraged to read this information carefully and keep it with their other important papers.
More detailed information is available on the Office of Human Resources website at www.princeton.edu/hr/oe, by calling the human resources benefits team at 258-3302 or by e-mailing benefits@princeton.edu.
