{"id":10533,"date":"2020-01-27T15:35:11","date_gmt":"2020-01-27T21:35:11","guid":{"rendered":"https:\/\/wp.stolaf.edu\/hr\/?page_id=10533"},"modified":"2026-04-27T12:47:18","modified_gmt":"2026-04-27T17:47:18","slug":"65-retirement-planning","status":"publish","type":"page","link":"https:\/\/wp.stolaf.edu\/hr\/65-retirement-planning\/","title":{"rendered":"65+ Retirement Planning"},"content":{"rendered":"<div data-modular-content-collection><p><!-- begin-migrated-from-panel-builder --><\/p>\n\n\t\t<div\n\t\tclass=\"site-section site-panel__gettoknow site-panel__get_to_know panel panel-get_to_know site-panel-shape-bbc--purple-teal site-section__content   layout--1-col\"\n\t\tdata-depth=\"\"\n\t>\n\n\t\t\t<div class=\"site-section__inner l-wrapper   layout--1-col\">\n\t\n\t\n\t\n\t<div class=\"site-panel__gettoknow-content stat-count-1\">\n\n\t\t\t\t\t<div class=\"site-panel__gettoknow-intro u-bc-grey-light t-content\">\n\n\t\t\t\t<div class=\"site-panel__gettoknow-bg u-fc-gold\">\n\t\t\t\t\t<div class=\"pattern--background\" style=\"--pattern-url: url('https:\/\/wp.stolaf.edu\/hr\/wp-content\/plugins\/st-olaf-gutenberg-blocks\/\/assets\/img\/backgrounds\/pattern-c.svg')\"><\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<div class=\"p-intro site-panel__gettoknow-desc\" data-depth=\"0\" data-name=\"content\" data-livetext>\n                    \t\t\t\t\t\t<h2 class=\"site-section__title h3\">Assisting Your Retirement Age 65+<\/h2>\n                    \n\t\t\t\t\t<h4>Individuals, who are age 65 and over, have <strong>several items<\/strong> to consider for continuing healthcare coverage and how to pay for it.<\/h4>\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t<\/div>\n\n\n\n\t\t\t<div\n\t\t\tclass=\"site-section site-panel__wysiwyg panel panel-wysiwyg site-section__bg--normal\"\n\t\t\tdata-depth=\"\"\n\t\t\tdata-js-panel=\"wysiwyg\"\n\t\t>\n\t\n\t\t\t<div class=\"site-section__inner l-wrapper \">\n\t\n\t\n\t\t\n\t\n\t\n\t<div class=\"site-section__content \">\n\t\t<div class=\"site-grid site-grid__wrapper site-grid__wrapper-stagger\"\n\t\t\t data-depth=\"0\"\n\t\t\t data-name=\"columns\"\n\t\t\t data-livetext>\n\n\t\t\t\t\t\t\t<div class=\"site-grid__col\">\n\t\t\t\t\t<div class=\"site-panel__wysiwyg-content\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"t-content \"\n\t\t\t\t\t\t\t\t data-depth=\"0\"\n\t\t\t\t\t\t\t\t data-index=\"0\"\n\t\t\t\t\t\t\t\t data-autop=\"true\"\n\t\t\t\t\t\t\t\t data-name=\"column_content\"\n\t\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t<h5><b>Option 1: Move to a Spouse\u2019s Plan<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Retirement is a qualifying life event that would allow you to move on to a spouse\u2019s insurance plan.\u00a0 Be sure that the plan has \u201ccreditable coverage\u201d as defined by Centers for Medicare &amp; Medicaid Services (CMS).<\/span><\/p>\n<h5><b>Option 2: Enroll in Medicare A &amp; B and Choose a Supplemental Plan<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Timeline Before Retirement:<\/span><\/p>\n<p><strong>6 Months Prior- <\/strong>Stop HSA contributions in <a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2024\/03\/Oracle-Benefits-Change-HSA-Quick-Reference-Guide-1.pdf\">Oracle<\/a>.<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>(Applicable only to employees age 65+ on High Deductible Health Plan contributing to an HSA)<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><strong>90 Days Prior<\/strong> \u2013 Schedule meetings with HR &amp; Social Security<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Set up Medicare A &amp; B for first of month following retirement date<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">(e.g. Faculty retire 8\/31, Medicare enrollment date will be 9\/1)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">(e.g. Staff retire 5\/10, Medicare enrollment date will be 6\/1)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><strong>60 Days Prior<\/strong> \u2013 Watch mail for Medicare Card<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>45 Days Prior<\/strong> \u2013Meet with HR to discuss Medicare Supplemental Plan &amp; COBRA\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Discuss Emeriti Retirement Health Plan Options<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Discuss Employee COBRA Options \u2013 Dental and Life<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Discuss Family COBRA Option<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Discuss Life Insurance Conversion Options<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><strong>30 Days Prior<\/strong> &#8211; Enroll in Medicare Supplemental Plan<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2026\/04\/st-olaf-emeriti-2026-sb-rnc.pdf\">\u00a0Review the 2026 Emeriti Retiree Health Plan Options<\/a><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2026\/04\/image002.jpg\">Review the 2026 Emeriti Retiree Health Plan Rates<\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If this is the plan you choose, then complete:<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2026\/04\/Emeriti-HP-Enrollment-Form.pdf\">Retiree Healthcare Supplemental Application Form<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2026\/04\/Emeriti-Banking-Form.pdf\"><span style=\"font-weight: 400;\">Banking Information Form\u00a0<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5><b>Emeriti Retirement Healthcare Savings Plan (VEBA) Resources<\/b><\/h5>\n<ul>\n<li><span style=\"font-weight: 400;\"><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Setting-up-Automatic-Premium-Reimbursements.pdf\">Setting Up Automatic Reimbursement<\/a><\/span><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Overview-of-Emeriti-Benefits-Visa-Card.pdf\">Benefits Visa Card Overview<\/a><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Emeriti-Benefits-Visa-Card-FAQ.pdf\">Benefits Visa Card FAQ<\/a><\/li>\n<\/ul>\n<h5><strong>Other Forms and Resources\u00a0<\/strong><\/h5>\n<ul>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Benefits-Card-Supporting-Document-Form.pdf\">Benefits Card Supporting Document Form<\/a><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Emeriti-Claim-Form.pdf\">Emeriti Claim Form<\/a><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/What-to-Know-About-Filing-a-Claim.pdf\">What to Know About Filing a Claim<\/a><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Emeriti-Post-Tax-Contribution-Form.pdf\">Emeriti Post Tax Contribution Form<\/a><\/li>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Emeriti-Mobile-App.pdf\">Emeriti Mobile App<\/a><\/li>\n<\/ul>\n<h5><strong> Plan Administrative Manual<\/strong><\/h5>\n<ul>\n<li><a href=\"https:\/\/wp.stolaf.edu\/hr\/files\/2025\/05\/Emeriti-Plan-Administrative-Manual.pdf\">Plan Administration Manual<\/a><\/li>\n<\/ul>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div> <!-- .site-grid__col -->\n\t\t\t\n\t\t<\/div> <!-- .site-grid, .site-grid__wrapper -->\n\t<\/div> <!-- site-section__content -->\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n\n\n\t\t\t<div\n\t\t\tclass=\"site-section site-panel__masonry_gallery panel panel-masonry_gallery site-section__bg--gray\"\n\t\t\tdata-depth=\"\"\n\t\t\tdata-js-panel=\"masonry-gallery\"\n\t\t>\n\t\n\t\t\t<div class=\"site-section__inner l-wrapper site-section__bg--gray masonry-gallery\">\n\t\n\t\n\t\t\t\t\t<header class=\"site-section__header\">\n\n\t\t\t\t<h2 class=\"site-section__title site-section__title--sm\" id=\"i-need-help-with\" data-name=\"title\" data-livetext data-depth=\"0\" data-index=\"0\">I Need Help With&#8230;<\/h2>\n\n\t\t\t<\/header>\n\t\t\n\t\n\t\n\t<div class=\"site-grid site-grid__layout site-grid__layout--weighted-right\">\n\n\t\t\t\t\t<div class=\"c-content-block c-content-block--1\">\n\t\t\t\t<figure  class=\"c-content-block__img\"><img decoding=\"async\" class=\"\" alt=\"Spring2018-167-XL\" src=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/Spring2018-167-XL-600x600.jpg\" sizes=\"(min-width: 960px) 50vw, \n100vw\" srcset=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/Spring2018-167-XL-520x300.jpg 520w, \nhttps:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/Spring2018-167-XL-600x600.jpg 600w\" loading=\"lazy\" \/><\/figure>\n\n\t\t\t\t<span class=\"c-content-block__preview u-cc-gold-light\">\n\t\t\t\t\tMedicare\n\n\t\t\t\t\t\t\t\t\t\t\t&mdash; Learn More\n\t\t\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t<div class=\"c-content-block__wrap u-cc-gold-light\">\n\t\t\t\t\t<div class=\"c-content-block__content\">\n\t\t\t\t\t\t<h2 class=\"c-content-block__title\">Medicare<\/h2>\n\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/wp.stolaf.edu\/hr\/?page_id=10792&#038;preview=true\"\n\t\t\t\t\t\t\t   class=\"btn btn--xs\"\n\t\t\t\t\t\t\t   target=\"\">\n\t\t\t\t\t\t\t\tLearn More\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"c-content-block c-content-block--2\">\n\t\t\t\t<figure  class=\"c-content-block__img\"><img decoding=\"async\" class=\"\" alt=\"INEEDHELP4\" src=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/INEEDHELP4-600x350.jpg\" sizes=\"(min-width: 960px) 50vw, \n100vw\" srcset=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/INEEDHELP4-520x300.jpg 520w, \nhttps:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/INEEDHELP4-600x350.jpg 600w\" loading=\"lazy\" \/><\/figure>\n\n\t\t\t\t<span class=\"c-content-block__preview u-cc-purple\">\n\t\t\t\t\tRetiree Health Insurance\n\n\t\t\t\t\t\t\t\t\t\t\t&mdash; Review my options\n\t\t\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t<div class=\"c-content-block__wrap u-cc-purple\">\n\t\t\t\t\t<div class=\"c-content-block__content\">\n\t\t\t\t\t\t<h2 class=\"c-content-block__title\">Retiree Health Insurance<\/h2>\n\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/wp.stolaf.edu\/hr\/?page_id=10794&#038;preview=true\"\n\t\t\t\t\t\t\t   class=\"btn btn--xs\"\n\t\t\t\t\t\t\t   target=\"\">\n\t\t\t\t\t\t\t\tReview my options\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"c-content-block c-content-block--3\">\n\t\t\t\t<figure  class=\"c-content-block__img\"><img decoding=\"async\" class=\"\" alt=\"May-024-L\" src=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/May-024-L-600x350.jpg\" sizes=\"(min-width: 960px) 50vw, \n100vw\" srcset=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/May-024-L-520x300.jpg 520w, \nhttps:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/May-024-L-600x350.jpg 600w\" loading=\"lazy\" \/><\/figure>\n\n\t\t\t\t<span class=\"c-content-block__preview u-cc-grey-dark\">\n\t\t\t\t\tRetirement Savings\n\n\t\t\t\t\t\t\t\t\t\t\t&mdash; Tell me more\n\t\t\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t<div class=\"c-content-block__wrap u-cc-grey-dark\">\n\t\t\t\t\t<div class=\"c-content-block__content\">\n\t\t\t\t\t\t<h2 class=\"c-content-block__title\">Retirement Savings<\/h2>\n\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/wp.stolaf.edu\/hr\/?page_id=10796&#038;preview=true\"\n\t\t\t\t\t\t\t   class=\"btn btn--xs\"\n\t\t\t\t\t\t\t   target=\"\">\n\t\t\t\t\t\t\t\tTell me more\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"c-content-block c-content-block--4\">\n\t\t\t\t<figure  class=\"c-content-block__img\"><img decoding=\"async\" class=\"\" alt=\"leaves4\" src=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/leaves4-600x600.jpg\" sizes=\"(min-width: 960px) 50vw, \n100vw\" srcset=\"https:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/leaves4-520x300.jpg 520w, \nhttps:\/\/wp.stolaf.edu\/hr\/files\/2020\/03\/leaves4-600x600.jpg 600w\" loading=\"lazy\" \/><\/figure>\n\n\t\t\t\t<span class=\"c-content-block__preview u-cc-navy\">\n\t\t\t\t\tSocial Security\n\n\t\t\t\t\t\t\t\t\t\t\t&mdash; Get the information\n\t\t\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t<div class=\"c-content-block__wrap u-cc-navy\">\n\t\t\t\t\t<div class=\"c-content-block__content\">\n\t\t\t\t\t\t<h2 class=\"c-content-block__title\">Social Security<\/h2>\n\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/wp.stolaf.edu\/hr\/?page_id=10798&#038;preview=true\"\n\t\t\t\t\t\t\t   class=\"btn btn--xs\"\n\t\t\t\t\t\t\t   target=\"\">\n\t\t\t\t\t\t\t\tGet the information\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t<\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n\n\n<p><!-- end-migrated-from-panel-builder --><\/p><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":4261,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-10533","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/pages\/10533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/users\/4261"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/comments?post=10533"}],"version-history":[{"count":43,"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/pages\/10533\/revisions"}],"predecessor-version":[{"id":22454,"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/pages\/10533\/revisions\/22454"}],"wp:attachment":[{"href":"https:\/\/wp.stolaf.edu\/hr\/wp-json\/wp\/v2\/media?parent=10533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}