Retiree Insurance Benefits

Summary
Best Features
Enrollment
Eligibility
Rates

Summary

Qualified retirees and their eligible dependents are eligible to continue to participate in many of the same insurance programs and at the same rates as active employees.

MD Anderson is proud to continue to provide 100% of the premium for retiree medical coverage. Additionally, MD Anderson provides retirees enrolled in the medical plan with $6,000 in life insurance at no charge.

Best Features

Free retiree only medical coverage - very rare benefit!
Free $6,000 life insurance coverage for retirees
Same cost for optional coverage as employees
Convenient monthly draft from your checking account for optional coverage

Enrollment

Retirement is a change in status, and requires retirees to enroll in the retiree insurance within 31 days of your retirement date. Your employee insurance does not automatically continue when you retire.

Please call myHR at 713-745-6947 within 90 days of your retirement to schedule an appointment with a benefits representative to review and enroll in your insurance benefits. Payment for optional coverage is drafted from your checking account on a monthly basis after you retire.

Other opportunities to enroll in benefits include Annual Enrollment and events qualifying as a change in status.

Available plans are:

Eligibility

When can you receive Retiree Medical Insurance Benefits?

You must meet all requirements.

⇒ If on 8/31/03 you were employed in a benefits-eligible position with UT System and later retire from UT System, you can receive retiree medical insurance benefits when:

You have at least 3 years of service with UT in a position that was eligible for benefits plan; and
Your last state employer was with UT; and
You have retired under the rules of TRS, ERS or ORP; and
Your age + years of state service credit ≥ 80
OR
You are 55 with 5 years of state service credit

⇒ If on 9/1/03 or later you began work in a benefits-eligible position with UT System, you can receive retiree medical insurance benefits when:

You have at least 10 years of service with UT; and
Your last state employer was with UT; and
You retire under rules of TRS, ERS or ORP; and
Your age + years state service credit ≥ 80 with 10 years of state service credit
OR
you are 65 with 10 years of state service credit

Former employees who are eligible for a disability retirement may also be eligible to receive medical benefits. Read more about this process and other retirement eligibility issues.