Things to Consider as You Prepare for Retirement
The purpose of this section is to provide an overview of the various considerations associated with your medical benefit decisions in retirement. It is advised to schedule a retirement meeting with a financial planner in the Office of Staff Services (OSS). Call 507-266-0490 to schedule your appointment for Mayo Clinic Rochester.
Your medical benefits after retirement will change significantly and navigating your retirement benefits can be complicated. Prior to retirement, you and your family were covered under a single policy the Mayo Medical Plan. While working, your premiums were highly subsidized by Mayo and thus reasonably priced and claims management straightforward. After retirement you and your spouse will require separate policies under the auspices of both government and private insurance programs.
Medical Insurance Plans For Mayo Emeriti
This is a snapshot of the medical coverage provided for 1) Mayo Clinic staff who retired prior to 2015 and 2) options for those who retired in 2015 and beyond.
Retirement Before 2015
Retirement 2015 & Beyond
|Supplemental Medical Plans*|
Mayo Medical Supplement
Via Benefits is an organization that offers advice and enrollment assistance to help guide your selection of the various Market Place plans for a Medicare supplement (Medigap plan) and prescription drug coverage
|Travel Insurance when traveling outside the US|
A covered service
May be included in the plan purchased above
Air Ambulance Service
“Airmed” a covered service
Option to add "Airmed" for $35 each for you and spouse