Retiree Medical
The Colby College Retiree Health Plan applies to all retirees, whether or not they have reached 65 years of age. Colby contributes a portion of the premium for retiree and dependent coverage if the retiree’s official starting date of employment at Colby, per the records of Human Resources, was prior to September 1, 2002.
Effective January 1, 2024 – Kennebec Regional Health Alliance (KRHA) will become Tier 1 providers within Colby’s plan. Tier 1 providers offer better quality of care with cost efficiency. You can use mycigna.com or Cigna’s smart phone app to search for providers, print a temporary medical card, and to view EOB’s.
Retiree Medical Plans
Retirees under 65:
- 2024 OAP Plan Summary of Benefits
Retirees 65 and over:
2025 Medical Insurance Monthly Rates
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.
Employees whose official starting date of employment at Colby, per the records of Human Resources, was prior to 9/1/2002 and who meet all retirement criteria, will pay a subsidized portion of the premium for retiree and dependent coverage (if applicable).
| Retiree Contribution | Colby Contribution | |
|---|---|---|
| Retiree 65+ (no dependents covered) | $15 | $137 |
| Retiree 65+ with One Dependent 65+ | $168 | $137 |
| Retiree 65+ with Dependent(s) under 65 | $929 | $451 |
| Retiree under 65 (no dependents covered) | $123 | $1,104 |
| Retiree under 65 with One Dependent 65+ | $282 | $1,104 |
| Retiree under 65 with Dependent(s) under 65 | $1,037 | $1,819 |
Rates for employees who retired prior to 9/1/2003 are as follows:
| Retiree Contribution | Colby Contribution | |
|---|---|---|
| Retiree 65+ (no dependents covered) | $0 | $153 |
| Retiree 65+ with Dependent(s) 65+ | $153 | $153 |
| Retiree 65+ with Dependent(s) under 65 | $929 | $451 |
Additional Information