Pre & Post-65 Health Benefits
Pre-65 Health Benefits
UofL pays $108.10 monthly ($216.20 for retiree and spouse) towards the cost of retiree health insurance for those retirees who want coverage under the university's health plan for current employees. The retirees are included in the health plan until they reach the age of 65. Retirees and spouses are also eligible to participate in the Get Healthy Now program, and receive discounted medical plan rates. Please visit the health plan webpage for more information about coverage.
Post-65 Health Benefits
Once the retiree reaches the age of 65, the retiree should enroll in any of the AARP Medicare Supplement Insurance plans (insured by United Healthcare Insurance Company and United Healthcare Insurance Company New York for NY residents) available through the AARP Health Care Options Program in their state of residence. UofL pays $108.10 monthly ($216.20 if the employee has a spouse). The retiree is responsible for the balance of the cost billed by the AARP Health Care Options Program.
Medicare Part D- Prescription Drug Program began January 1, 2006. Medicare prescription drug plans are available to people with Medicare. Private insurance companies will work with Medicare to offer these drug plans.
Like other insurance, if you enroll in a prescription drug plan you will pay a monthly premium and pay a share of the cost of your prescriptions. Costs will vary depending on the drug plan you choose. Drug plans may vary in what prescription drugs are covered, how much you have to pay, and which pharmacies you can use. All drug plans will have to provide at least a standard level of coverage, which Medicare will set. However, some plans might offer more coverage and additional drugs for a higher monthly premium. When you join a drug plan, it is important for you to choose one that meets your prescription drug needs.
To find out more about the AARP Medicare Supplement insurance plans, visit www.aarphealthcare.com and select the Medicare Supplement Insurance link or call the AARP Health Care Options Program at: 1-800-392-7537. Once you enroll, you may also use this link to access your account and receive other valuable information.
To find out more about Medicare (Part D) prescription drug plans, visit www.medicare.gov or call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048.
2016 Monthly Rates for Retirees
This plan is only for retirees up to age 65
|Retirees with GHN discount||Cardinal Care||EPO||PPO||PCA High||PCA Low|
|Employee + Spouse/QA||$830.73||$810.91||$770.70||$652.39||$515.33|
|Employee + Children||$656.37||$591.43||$558.52||$461.73||$363.93|
|Employee + Family ||$1,058.95||$1,052.16||$997.32||$836.00||$649.10|
|Retirees without GHN discount||Cardinal Care||EPO||PPO||PCA High||PCA Low|
|Employee + Spouse/QA||$870.73||$850.91||$810.70||$692.39||$555.33|
|Employee + Children||$696.37||$631.43||$598.52||$501.73||$403.93|
|Employee + Family||$1,098.95||$1,092.16||$1,037.32||$876.00||$689.10|