Healthcare

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.

For new or rehired employees starting on the first day of any month, benefits commence immediately. For those starting after the first day, benefits begin on the first day of the following month. All employees must enroll in benefits within 30 days from their hire date to obtain coverage.

For detailed information about Colby’s comprehensive healthcare benefits, including plan comparisons, coverage options, and enrollment guidance, explore the 2025 Colby Healthcare Guide. This guide is designed to help employees make informed decisions about their medical, dental, vision, and flexible spending account options

Colby’s medical plan currently provides three options to choose from:

• Open Access Plus – OAP (500)
• Open Access Plus – OAP (1250)
• 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 >

Subsidized rates for medical insurance coverage are available for retirees whose official starting date of employment at Colby, per the records of Human Resources, was prior to Sept. 1, 2002 and who meet certain requirements. Retirees hired on or after Sept. 1, 2002 may participate in the College’s retiree medical plan at 100 percent of the group rate. More >

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 >

Flexible Spending Accounts (FSAs) provide employees the opportunity to make pre-tax contributions to an account in their name, from which reimbursements are made for dependent care expenses and eligible medical expenses such as co-payments, deductibles, dental, and vision expenses. Flores & Associates is the administrator of Colby’s FSAs. More >