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Retiree benefits overview


Eligibility

Employees who retire on or after January 1, 2018, are eligible for retiree health insurance if they: were employed in a UM System benefit-eligible position on December 31, 2017; reached at least five years of vesting service as of December 31, 2017; and reach at least 60 years old by retirement date; and accrue at least 20 years of creditable service to the UM System by their retirement date.

The retiree health insurance benefits employees are eligible for depend upon the Access Category in which they were placed as of December 31, 2017. Find your access category by using the access calculator on the website for the Total Rewards Advisory Committee (TRAC) or use the eligibility chart (PDF 110KB).


Insurance Options

The University is committed to honoring and valuing the contributions of all faculty and staff—even after they are no longer actively employed with the UM System. UM retiree health insurance eligibility and subsidy criteria depend on several factors. For more information, review the eligibility section.

We offer several insurance options to our eligible retirees and their covered dependents. Please note, your Medicare eligibility determines your eligibility for some plans—meaning you are eligible for the insurance only if you are eligible for Medicare (65+) or not yet Medicare-eligible (pre-65).

Click on one of the following plans you’re interested in. 

Insurance for non-Medicare eligible retirees or their non-Medicare eligible dependent(s)*

* If coverage consists of members (retirees or dependents) who are both Medicare-eligible and non-Medicare-eligible, each covered individuals medical plan eligibility is based on their individual Medicare eligibility.

Insurance for Medicare-eligible retirees or their Medicare-eligible dependent(s)*

* If coverage consists of members (retirees or dependents) who are both Medicare-eligible and non-Medicare-eligible, each covered individuals medical plan eligibility is based on their individual Medicare eligibility.

Key documents related to retiree insurance
Retiree insurance premiums estimator

Those who retire after 1/1/18 and meet eligibility requirements to receive retiree health insurance may use the premium estimator to estimate their insurance premiums in retirement. Note: As of 1/1/18, only employees in categories A and B receive the percentage subsidy.

Reviewed August 20, 2018.