The major benefit afforded to retirees is assistance with the cost of health insurance coverage. Retiree Medical Eligible retirees who are under the age of 65 are covered through plans that are parallel to the college’s plans for active employees. Currently those include a traditional PPO plan and a High Deductible plan (The college does not make a contribution to a health savings account for retirees or spouses.) Eligible employees who are 65 or older are covered through a Medigap plan that is secondary to Medicare, thus all retirees 65 and older are required to be registered in Medicare in order to participate in the college’s Retiree Medical benefit.

This Retiree Medical benefit plan does not include coverage for dental or vision benefits.

Retiree Medical Eligibility

Davidson College's Retiree Medical benefit is only available to employees whose first day at work in a full-time, regular position at Davidson College was before or on October 1, 2016. No retiree medical benefit is provided for employees hired after October 1, 2016, or for employees hired earlier who were not in full-time, regular positions by October 1, 2016.

Employees who are age 60 or older and have at least 10 years of continuous full-time college service preceding their retirement date are eligible to retire from Davidson College and participate in the retiree medical coverage. For purposes of this benefit, full-time employment means working in a position budgeted for at least 37.5 hours per week year-round (i.e. positions budgeted for at least 1950 hours per year).

An employee must be enrolled in an active Davidson College medical plan immediately preceding his/her retirement in order to be eligible for coverage under the retiree medical plan. The employee must elect to begin Retiree Medical coverage immediately upon retirement. If an employee does not elect to begin Retiree Medical coverage immediately after retirement, he or she loses any eligibility for coverage under the plan.

An employee may cover through the Retiree Medical plan the spouse to whom the employee is married at the time of retirement. An eligible spouse may enroll in the plan upon the Davidson College employee’s retirement, or, if the spouse retires later than the Davidson College employee, within 60 days of the spouse’s own subsequent retirement from his or her employer. A spouse whom the employee marries after the employee’s retirement from Davidson College is not eligible for coverage under this plan.

Davidson Retiree Medical insurance is available only for eligible retirees and spouses. Coverage under this benefit is not available for dependent children.

Termination of Coverage

Coverage under the Davidson College Retiree Medical benefit for a Davidson College retiree will terminate when the retiree fails to pay premiums, when the retiree voluntarily withdraws from coverage, or when the retiree dies.

If the retiree dies before the spouse, coverage for the spouse will continue.

Coverage for a spouse of a Davidson College retiree will terminate when the retiree and spouse divorce, when the spouse voluntarily withdraws from coverage, when the spouse’s premiums are unpaid, or when the spouse dies.

A retiree or spouse covered on the plan cannot leave and come back into the plan. Once coverage under this benefit ends for a retiree or spouse for any reason, that person is no longer eligible for coverage under the plan.

Retiree Health Insurance Costs

The cost the retiree pays for health insurance is based on years of continuous college service at retirement. This cost is not frozen and changes in accordance with insurance rates. Effective January 1, 2010, the college's contribution to retiree health insurance is capped at a fixed amount of $325 per month for single coverage and $540 per month for retiree and spouse. No family coverage is available through the college's Retiree Medical Plan.

Pre-65 Rate Calculation

Years of Continuous Full-Time Service Cost of Coverage
Less than 10 years No Coverage Available
At least 10 but less than 20 years Twice active employee rate plus excess cost above college contribution
At least 20 years Active employee rate plus excess cost above college contribution

Note: The sliding scale above is not applicable to a regular full-time employee whose age was 60 or above on January 1, 1996. Those employees may retire with the health insurance premium frozen at the rate paid on the retirement date.

2020 Rates - Open Access Plan

Under 65 Retirees Open Access Plan

Plan Type 10-20 Years of Service Over 20 Years of Service
Employee Only $665 $665
Employee + Spouse $1,748.62 $1,638

Under 65 Retirees High Deductible

Plan Type 10-20 Years of Service Over 20 Years of Service
Employee Only $136.06 $68.03
Employee + Spouse $676.10 $338.05

One Spouse Over, One Spouse Under 65 Open Access Plan & Medicare Supplement Plan

Plan Type 10-20 Years of Service Over 20 Years of Service
Employee + Spouse $1,051.96 $774.95

One Spouse Over, One Spouse Under 65 High Deductible & Medicare Supplement Plan

Plan Type 10-20 Years of Service Over 20 Years of Service
Employee + Spouse $601.72 $330.91

Over 65 Retirees Medicare Supplement Plan

Plan Type 10-20 Years of Service Over 20 Years of Service
Employee Only $132.24 $66.12
Employee + Spouse $528.98 $264.49

Please note: The college does not make a contribution to a health savings account for retirees.

Vendor Information

AMWINS (Administrator for Retirees OVER 65)
888-883-3757

Transamerica (Insurance provider for Retirees OVER 65)
800-854-0186

Express Scripts (Retiree Prescription Plan)
888-345-2560

United Health Care (For Retirees UNDER 65)
877-842-3210

Plan Administrator: Davidson College

Documents and Forms

Additional Information

Updated 8-2019