Overview of Benefit Coverages

Retirement between the Age of 62 and 65

  • Your medical benefits and contribution towards those benefits remain the same as an active faculty and staff member.  Your contribution however must be paid on an after tax basis.
  • Active dental and vision coverage will continue.
  • Unless disabled at retirement, salary continuance, short-term disability, and long-term disability discontinue.
  • Life insurance for eligible retirees is equal to $1500 for each year of service up to a maximum of $15,000.  You may continue optional life insurance at groups rates. No medical underwriting is required. 
  • Long-term care insurance may continue as long as you continue to pay the premium.
  • You may leave any assets in your accounts that you accumulated with TIAA-CREF and Vanguard.

Retirement at Age 65 or Older 

  • At age 65, you become eligible for medical benefits that are provided by or associated with Medicare.  The University provides medical benefit coverage that either compliments Medicare or serves as a replacement to traditional Medical programs. Changes can be made during an open enrollment period of if you have a life event change. 

Two plans that complement Medicare:UPMC’s National Complementary Program or Highmark’s Security 65 Program.

Four Preferred Provider Option (PPO) programs:  Two by Highmark and two by UPMC Health Plan.   PPO’s offer a greater level of flexibility that includes coverage if you need non-emergency services outside of the Western PA area.

UPMC Health Plan offers a Health Maintenance Organization (HMO) option that provides coverage very similar to the popular Panther Gold plan offered to active faculty and staff.

  • A post-65 dental and vision program are available.
  • Unless disabled at retirement, salary continuance, short-term disability, and long-term disability discontinue.
  • Life insurance for eligible retirees is equal to $1500 for each year of service up to a maximum of $15,000. You may continue optional life insurance at groups rates. No medical underwriting is required. 
  • Long-term care insurance may continue as long as you continue to pay the premium.
  • You may leave any assets in your accounts that you accumulated with TIAA-CREF and Vanguard.  They provide financial planning services at no charge as long as you retain assets in their respective accounts.