Hitting The Mark
Reaching a particular age or service milestone may affect your benefits.
Complete One Year At Stanford
Reaching your one-year anniversary at Stanford is an important milestone in your career and to your benefits package. As a regular benefits-eligible employee after one year, you are eligible for the Stanford Contributory Retirement Plan (SCRP) and automatically begin receiving a basic contribution of 1% from Stanford. If you elect to contribute to the SCRP plan, Stanford will match your contribution, up to 5%, when you contribute just 4% of your income. For more information, visit the Retirement section.
Turning 65
If you are still an active employee when you turn 65, you may enroll in Medicare although your medical coverage through Stanford does not change. When you have a claim, your Stanford coverage will pay first, and then Medicare will pay after.
If you are an official retiree when you turn age 65 and enrolled in medical coverage through Stanford, you will need to enroll in Medicare, and then call Stanford Benefits to change to a Medicare plan and complete the appropriate forms.
Retirement
As an official retiree, you can enroll in medical and dental coverage through Stanford. You must call Stanford Benefits as soon as you select a retirement date so we can calculate Stanford's contribution toward your retiree health care coverage.
Visit Retirement for details on Stanford's retirement savings programs.
Find information on your health benefits when you retire.
See the program policy for information about Faculty Retirement Incentive Program (FRIP).
Terminate Stanford Employment
If you terminate Stanford employment, you may be eligible for COBRA coverage. To learn more, see COBRA in the Medical & Life section.
What To Do When You Reach A Milestone
- Log on to MyBenefits within 31 days from your eligibility change to drop coverage.
- Adjust your life and AD&D insurance amounts, if necessary.
- Go to Stanford Retirement Manager.
- Contact Social Security three months before you turn 65 to enroll in Medicare (sign up for Medicare Part A and B).
- Contact Stanford Benefits, if you are a SRAP participant.