How do my health and medical plans change upon retirement?
As an MIT retiree, you, your spouse or partner at the time of your retirement, and eligible dependents may choose to participate in one of MIT’s health insurance plans.
Your coverage options depend upon your age (and where applicable, your spouse’s age) at retirement. Visit the following links to explore your full range of plan options:
Preparing to retire? See our checklist just for you.
How do I update my life insurance and retirement plans to include my spouse or domestic partner?
Visit Atlas to evaluate your participation in the MIT Optional Life Insurance Plan. Spouse or partner life insurance coverage can be added within 31 days from the date of your marriage or domestic partnership or during Open Enrollment.
Review and update your beneficiaries under the MIT Optional Life Insurance Plan, the MIT Basic Retirement Plan and the MIT Supplemental 401(k) Plan to ensure they are current. If you are married and your most recent beneficiary designation on file for the MIT Retirement Plan does not designate your spouse as the sole primary beneficiary, and does not have spousal consent for this designation, your spouse will be beneficiary of 100% of your account balance. More on beneficiaries.
How do I find out who I designated as my Pension Plan or Supplemental 401(k) beneficiary?
To find out who you designated as your Pension Plan beneficiary or to designate a new beneficiary, visit PensionConnect. Current employees may access PensionConnect using Touchstone. Former employees and retirees who have an existing PensionConnect account may access it here. If you are a new user or you need assistance accessing your pension account, please contact the MIT Pension Service Center at 855-464-8736.
To find out who your Supplemental 401(k) beneficiary is, call Fidelity Investments at (877) MIT-SAVE (877-648-7283), or visit Fidelity NetBenefits to designate your beneficiary online.