Loyola University Chicago

Human Resources

Retiree Benefits

Your dedication to Loyola University Chicago throughout the years has played an important role in making this university the superior academic institution that it is today. The Human Resources office is committed to providing you with the resources, and information necessary to assist you in making informed decisions about retirement.
 
  • The first step in retirement planning is to contact Human Resources at benefits@luc.edu concerning your eligibility for retiree benefits, including your Retiree Health Account balance. Contact us at least 60 -90 days prior to your retirement.
  • Review the 2018 Retirement Checklist at least 60-90 days prior to your retirement. The document provides you with a guide for what you may need to consider, or act on, in preparation for retirement.
  • Before you contact Via Benefits regarding supplemental Medicare plans or your retiree health account, you must first notify Human Resources of your intent to retire and also be enrolled in Medicare Part A and Part B. If you need to enroll in Part A and/or Part B, contact your local Social Security office.
    • If you /your covered spouse/LDA are at least 65 years of age (Medicare Eligible) when you leave Loyola and will not be going on another employer's medical plan, you will need to sign up for Medicare Part B at least 30-60 days prior to your Loyola Medical Insurance ending.
Please review the sections below and in the left navigation box for additional information on Retiree Benefits. Please contact Human Resources at benefits@luc.edu with any questions you have.

Retirement Planning

In order to be retiree benefit eligible, a faculty or staff member must be at least sixty (60) years old AND have a minimum of ten (10) years of continuous full-time University service, immediately prior to their retirement date.
  • The first step in retirement planning is to contact Human Resources at benefits@luc.edu concerning your eligibility for retiree benefits, including your Retiree Health Account balance. If you are thinking about retiring, please contact Human Resources at least 60 -90 days prior to your retirement.
Via Benefits is the country’s largest private Medicare marketplace offering a wide range of quality and affordable Medicare plans from leading insurers. Since Original Medicare (Parts A & B) only pays for 80% of your doctor and hospital costs, you’ll need to purchase additional Medicare coverage. You will find your entire Medicare supplemental plan needs at Via Benefits – including Medicare Advantage plans, Medicare Supplement Insurance (Medigap), Part D Prescription Drug plans, and vision and dental plans.  Additionally, Via Benefits administers the Loyola Retiree Health Reimbursement Account and reimbursements.

Licensed Benefit Advisor
To help you find coverage that meets your health and financial needs, Via Benefits has licensed benefit advisors who will provide personalized, over-the-phone support to guide you through your plan options and enroll you in new coverage. Via Benefits licensed benefit advisers work as unbiased advocates with no financial incentive or reward for enrolling you in one health plan over another. Before you schedule an appointment with Via Benefits, you must be enrolled in Medicare Part A and Part B. If you need to enroll in Part A and/or Part B, contact your local Social Security office.

Learn More
You can review available plan options on the Via Benefits website: https://my.viabenefits.com/loyola

How to enroll in Medicare

You can enroll in Medicare Part A and/or Medicare Part B in the following ways:

  • Online at www.SocialSecurity.gov.
  • By calling Social Security at 1-800-772-1213 (TTY users 1-800-0778), Monday through Friday, from 7AM to 7PM.
  • In-person at your local Social Security office.
  • Contact benefits@luc.edu if you would like a Retiree Health Reimbursement Account balance statement or account enrollment form.
  • The retiree health account is calculated as follows: You can accumulate $2,750 for each year of full-time university service worked after age 50 (15 year maximum), including an interest credit of 3%for each year.
  • Upon retirement, if you have met the eligibility requirements of Retiree Benefit Eligibility, you must complete the enrollment form for the Health Reimbursement Account (HRA).
  • Loyola has engaged Via Benefits to administer all reimbursements from the Retiree Health Reimbursement Account (RHRA) for approved qualified medical claims and expenses.
 

The following privileges are granted to any retired faculty or staff member that is at least sixty years of age and has completed ten or more years of continuous full-time service with Loyola University Chicago, immediately prior to their retirement date.

Privileges:

  • Eligible retirees may keep their Loyola University Chicago Photo ID.
  • Prices and discounts will be extended to eligible retirees at the campus bookstores, recreation centers,Loyola athletics and cultural events, with Loyola ID.
  • Library privileges and access will be extended to eligible retirees, with Loyola ID.
  • Annual Invitations will be extended to University events such as Christmas Party, Picnic and ServiceDay.
  • Copies of faculty and staff communications, such as Inside Loyola, will be mailed to your home.
  • Tuition benefits will be extended to eligible retired faculty, staff, and their dependent children. Please consult the tuition benefit policy for more information at: http://www.luc.edu/hr/policy_tuition.shtml.
  • Loyola universal computing resources such as access to computing labs and Exchange (Outlook) email will be extended to eligible retirees UPON REQUEST. (Please contact benefits@luc.edu for a Retiree Computing & Confidentiality Agreement.)
  • Retirees are eligible to receive a complimentary, one-year membership to the Loyola UniversityMuseum of Art. LUMA is dedicated to exploring, promoting, and understanding art and artisticexpression that illuminates the enduring spiritual questions of all cultures and societies. LUMA reflectsthe University’s Jesuit identity and is dedicated to helping people of all creeds to explore their faith andspiritual quests. To redeem your membership, please email luma@luc.edu or call 312.915.7630.

Many of your questions about the status of your current enrollment in the University’s benefits, after retirement, may be answered by reviewing Your Retirement Benefits-at-a-glance.

  • Before you contact Via Benefits regarding supplemental Medicare plans or your retiree health account, you must first notify Human Resources of your intent to retire and also be enrolled in Medicare Part A and Part B. If you need to enroll in Part A and/or Part B, contact your local Social Security office.
  • You can contact Via Benefits toll-free at 1-855-229-3283 (Monday thru Friday from 7:00AM - 8:00PM CST).
    • If you are calling from outside the United States, please call 1-801-994-980
  • Visit: https://my.viabenefits.com/loyola
Would you like to view a medicare presentation for more information? Feel free to review the online Retiree Medicare Presentation.

This guide helps you prepare to enroll in new individual Medicare coverage.  Please read through it and collect the requested information. Once you do that, you are ready to enroll with Via Benefits. Learn more about how to enroll.

Questions about the status of your current University’s benefits, after retirement, may be answered by contacting Human Resources via benefits@luc.edu.