Summary of Benefits
Please review the 2027 Benefits Guide for additional information regarding your benefits.
Mental and Physical Health
Preferred Provider Organization (PPO):
Offers more predictable costs and flexibility in choosing healthcare providers. PPO plans typically have higher monthly premiums than an HDHP but lower deductibles and allow you to receive care from an expanded network of providers, with higher coverage levels when you use in‑network services.
PPO plans do not require a referral to see a specialist and provide coverage for both in‑network and out‑of‑network care.
High‑Deductible Health Plan (HDHP):
Features lower monthly premiums and a higher annual deductible compared to traditional health plans. Once the deductible is met, the plan pays a portion of eligible healthcare costs according to the plan’s coinsurance provisions.
Enrollment in the HDHP allows you to open and contribute to a Health Savings Account (HSA), which can be used to save and pay for qualified healthcare expenses.
MDLive is a telehealth service available to employees who are enrolled in a Colorado College medical plan. It allows you to consult with a licensed healthcare provider by phone or video for non‑emergency medical needs, such as minor illnesses, prescriptions, and general health concerns—without leaving home.
MDLive visits are subject to a $10 copay, and no referral is required.
Dispatch Health is an in‑home medical care service available to employees who are enrolled in a Colorado College medical plan. Dispatch Health sends licensed medical professionals to your home to treat non‑emergency health concerns, such as infections, minor injuries, and other urgent medical needs that do not require an emergency room visit.
While Dispatch Health offers convenient, in‑home care, it may be more expensive than other options such as MDLive or an in‑network primary care provider, depending on the services provided and your medical plan.
Flexible Spending Account (FSA):
Allows you to set aside pre‑tax dollars to pay for eligible healthcare expenses, such as medical, prescription, dental, and vision costs. Your elected contribution is available to you during the plan year and can be used for qualified expenses incurred during that period. Participation in a Health Care FSA is optional and subject to annual IRS contribution limits.
Health Savings Account (HSA):
A tax‑advantaged savings account available to employees who are enrolled in a High‑Deductible Health Plan (HDHP). You can contribute pre‑tax dollars to your HSA and use the funds to pay for qualified healthcare expenses, such as medical, prescription, dental, and vision costs. HSA funds belong to you, roll over year‑to‑year, and remain available if you change plans or leave Colorado College.
Dependent Care Spending Account:
Allows you to set aside pre‑tax dollars to pay for eligible dependent care expenses. Eligible expenses may include day care, preschool, before‑ and after‑school care, summer day camp, and care for an eligible dependent adult. Funds must be used for eligible services provided during the plan year and are subject to annual IRS limits.
Colorado College offers a Dental Plan that provides comprehensive coverage for preventive, basic, and major dental services through a Preferred Provider Organization (PPO) network. The plan encourages preventive care, such as routine exams and cleanings, while also offering coverage for services including fillings, crowns, and orthodontia (subject to plan provisions).
Participants receive the highest level of coverage when using in‑network providers and may also access out‑of‑network dental services.
Colorado College offers a Vision Plan administered through EyeMed that provides coverage for routine eye exams and vision care, including benefits for frames, lenses, and contact lenses. The plan offers access to a national network of in‑network and out‑of‑network vision care providers.
Vision benefits help support ongoing eye health and corrective vision needs.
The Employee Assistance Program (EAP) provides free, confidential, short-term counseling, referral, and follow-up services at no cost to you provided through GuidanceResources. There are a variety of services to help with personal and professional needs, including financial counseling and webinars. It is 100% confidential.
In addition to the counseling services listed under the EAP section, GuidanceResources can help identify resources to support elder care.
Colorado College provides a variety of leave options to support employees during times of personal, family, medical, military, civic, or other qualifying needs. Leave programs include legally required leaves, such as Family and Medical Leave (FMLA) and Colorado Paid Family and Medical Leave (COPFML/FAMLI), as well as college‑provided leaves in accordance with institutional policy.
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Retirement
403(b) Retirement Plan
Colorado College offers a 403(b) retirement plan to help employees save for retirement through tax‑advantaged contributions. All employees, regardless of employment classification, are eligible to participate. The plan allows employees to contribute a portion of their pay on a pre‑tax and/or Roth (after‑tax) basis, with investments directed to a personal retirement account.
The 403(b) plan is administered through TIAA, which serves as the recordkeeper and provides investment options, account management tools, and retirement planning resources. Contribution limits are set annually by the IRS, and participation helps employees build long‑term retirement savings.
TIAAFinancial Counseling and Education
Colorado College offers access to financial counseling and education through TIAA to support employees in planning for retirement and making informed financial decisions. TIAA provides a variety of educational programs throughout the year, including workshops and webinars focused on retirement readiness, investing, and financial well‑being.
Employees may also schedule individual meetings with a TIAA financial consultant to discuss personal financial goals, retirement planning, and investment options.
Emeriti
Emeriti® Retirement Health Solutions is a tax‑advantaged program designed to help employees prepare for healthcare expenses in retirement. Colorado College contributes to a Retiree Health Account for benefits‑eligible employees beginning at age 40. College contributions are tax‑free to the employee when contributed and remain tax‑free when withdrawn, as long as they are used for qualified medical expenses.
Employees may also choose to make voluntary after-tax contributions to their Emeriti account to further support long‑term retiree healthcare planning. Once you are no longer employed by Colorado College, you may seek reimbursement from your Emeriti account for qualified medical expenses, including eligible retiree health insurance premiums, Medicare‑related costs, and other IRS‑approved healthcare expenses.
Retiring from Colorado College
Insurance
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Education
Education Assistance
Public Loan Service Forgiveness
Public Service Loan Forgiveness (PSLF) is a federal program designed to reduce the burden of student loan debt for people who work in public service. The Colorado College is considered a public service employer for the purposes of these programs.