University of Vermont

Post-Retirement Medical Benefits (PRMB)

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Overview of Post-Retirement Medical Benefits (PRMB)

The information on this site represents the most current information related to Post-Retirement Medical Benefits (PRMB) at The University of Vermont. If you have specific questions about your situation, please e-mail prmb@uvm.edu. If you are considering retirement, call the HRS Employee Information Center at 656-3150 to schedule an appointment with an Employee Advisor.


This site communicates information regarding Post-Retirement Medical Benefits (PRMB) for non-represented faculty and staff. In addition to the overarching principles listed below, please note that there is a great deal of clarifying information that is conveyed through the answers to Frequently Asked Questions.

For a full picture of post-retirement medical benefits at UVM, see the menu at left. If you have questions after reading through the material on this site, feel free to drop a note to prmb@uvm.edu.

Faculty and staff represented by a collective bargaining unit should refer to their respective collective bargaining agreement.


Important: Faculty and staff who are contemplating retirement should make an appointment with an HRS Employee Advisor by calling 656-3150. Those who have retirement savings account(s) through the University should also call their plan provider(s) and set up a time to discuss their financial future.


Key PRMB Principles

The latest details of the University's Post-Retirement Medical Benefits plan and cost share formulas are described below. Note that the current plan continues eligibility for coverage to spouses of eligible staff.

  • Non-Represented Faculty and Staff who, by June 30, 2014, met the post-retirement medical benefit eligibility criteria in place on their date of hire, and retired on or before June 30, 2014, were eligible to participate in the University's post-retirement medical benefit under the cost-sharing formula in effect on June 30, 2011. (See the clarification below regarding the nature of coverage.)

  • Non-Represented Faculty and Staff who, by June 30, 2014, met the post-retirement medical benefit eligibility criteria in place on their date of hire, but did NOT retire on or before June 30, 2014, will be eligible to participate in the University's post-retirement medical benefit when they do retire, and their premium contribution will be based on their age as follows: those with pre-65 coverage will pay the percentage of premium indicated in Table 1; those with post-65 coverage (the University's Medicare Supplement Plan) will pay the percentage of premium indicated in Table 2.

  • Non-Represented Faculty and Staff who were hired on or before December 31, 2011 who did NOT meet the post-retirement medical benefit eligibility criteria in place on their date of hire by June 30, 2014, will be eligible, when they reach age 65 and 15 years of benefits-eligible service, to participate in the University's Medicare Supplement Plan at the premium contribution rate indicated in Table 2. Individuals in this category who choose to retire before age 65 will be eligible for pre-65 coverage, but they will be responsible for 100% of the premium. At age 65, these individuals will become eligible for the University's Medicare Supplement Plan, but they will be responsible for 100% of the premium.

  • Non-Represented Faculty and Staff who, by June 30, 2014, did NOT meet the post-retirement medical benefit eligibility criteria in place on their date of hire, but had reached 15 years of benefits-eligible service, will be eligible for the University's post-retirement medical benefit when they reach age 62, and they will be responsible for 50% of the premium. At age 65, these individuals will become eligible for the University's Medicare Supplement Plan, and will pay the percentage of premium indicated in Table 2.

  • Non-Represented Faculty and Staff who are hired on or after January 1, 2012 will be able to participate in the University's Medicare Supplement Plan when they reach age 65 and 15 years of benefits-eligible service, but they will be responsible for 100% of the premium. These new employees will be eligible for the Retiree Health Savings Plan (see below), which, after one year of service, will include an annual contribution from the University of $1,150 per year.

  • Currently-retired employees will continue to be eligible to participate in the University's post-retirement medical benefit under the cost-sharing formula in effect when they retired.

Clarification: It should be understood that retired, non-represented faculty and staff who reach age 65 are no longer eligible for the Active Plan, but may be eligible for the University's post-65 Medicare Supplement Plan.


Retiree Health Savings Plan (RHSP)

The University of Vermont (UVM) established the Retiree Health Savings Plan (RHSP) to help individuals pay for qualified healthcare expenses during retirement. UVM will make regular tax free contributions to the plan for benefits-eligible faculty and staff hired on or after January 1, 2012. For these individuals, the plan is considered a non-contributory plan (meaning that it does not require contributions from the employee in order to receive UVM contributions). Although the plan is intended for those hired on or after January 1, 2012, all active benefits-eligible faculty and staff regardless of hire date may establish an RHSP and make regular, voluntary after-tax contributions.

Find more information on the Retiree Health Savings Plan page on the HRS web site, and/or in the Retiree Health Savings Plan Overview (pdf) or the RHSP Summary Plan Description (pdf).

Last modified September 26 2014 06:07 PM

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