Colby offers a wide range of insurance benefits to help meet the needs of employees and their families.
Colby’s health plans and Flexible Spending Accounts (FSA) are maintained pursuant to Internal Revenue Code rules governing “cafeteria” plans. In order to achieve the tax savings under such plans, employees sign an irrevocable benefit election for each plan year (January 1 – December 31). Changes are only permitted in limited circumstances.
Colby’s medical plan currently provides three options to choose from:
- Open Access Plus – OAP (350)
- Open Access Plus – OAP (500)
- Choice Fund – Health Savings Account (HSA)
You can compare the above plans to determine which plan is right for you by clicking here.
Cigna administers all three plans. More >
Medical insurance coverage is available for retirees who were hired prior to Sept. 1, 2002, and who meet certain requirements. Retirees hired after 2002 may participate in the College’s retiree medical plan at 100 percent of the group rate. More >
Beginning January 1, 2019, Colby is pleased to offer voluntary dental insurance through Northeast Delta Dental. The new dental program provides preventive, basic, and major services, as well as child and adult orthodontia benefits. More >
Colby provides a voluntary plan through Vision Service Plan (VSP). More >