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OSU Retiree Benefits

There are many benefits to being an OSU/A&M retiree.  Retirees may continue benefits for health, dental and vision.  

 

Eligibility

You must have coverage as an active employee the month of your retirement date if you wish to enroll in continuing coverage as a retiree. If you do not elect to continue coverage at the time of your retirement, you will not have the option to begin retiree coverage at a later date.  If after you are retired, you want to drop coverage or your spouse and/or dependent(s) from coverage, you will need to notify OSU Benefits in writing.  Once dropped there is no opportunity to re-enroll with any of these plans.

 

Important Links

OSU Retirement Planning Guide 

 

Retiree Benefit Options 

  • Retiree Benefit Billing

    Your health, dental and vision premiums will be billed through Chard-Snyder.

  • Health Insurance
    BlueCross BlueShield

    If you, or your covered spouse, are under 65 at the time you retire, your coverage will continue with the same plan you have during the month of your retirement date.   Your coverage would change if you or your covered dependents became disabled or became eligible for Medicare coverage.

     

    If you, or your covered spouse, turn 65 while in retirement and are enrolled in the OSU under 65 plan, you will receive a packet for your Plan 65 and Blue MedicareRx enrollment about 90 days prior to your 65th birthday.  Your packets will include an application for Plan 65 enrollment and an application for Blue MedicareRx enrollment.  Both forms will need to be returned to OSU Benefits no later than one month prior to your 65th birthday month. 

     

    If you, or your covered spouse are both over 65, each of you will have an opportunity to enroll in one of several Medicare supplement plans (Plan 65) and one of two Medicare Part D plans (Blue MedicareRx) for your pharmacy needs.  For a list of Plan 65 premiums, please refer to the Comparison and Rate Chart.

     

    With these retirement healthcare coverage options, you and your spouse could potentially be enrolled in very different plans with differing policies, coverage, and monthly premiums.

     

    Over 65 Retiree Health Information & Rates

    Under 65 Retiree Health Information & Rates

  • Life Insurance

    If you meet OSU retirement criteria, you will receive a $6,000 life insurance policy at no charge to you.

     

    If you are enrolled in voluntary employee supplemental life insurance, you have the option to continue coverage. Any supplemental life insurance coverage that you are carrying for your dependents can also be continued into retirement if you wish. If you are interested in continuing life insurance coverage, watch your mail for information from Lincoln Financial, they will automatically send you information at the time of your retirement. If you cancel the life insurance coverage, you may not be able to enroll at a later date.

     

    We recommend reviewing the policy information and keeping your beneficiary information current.

     

    Life Insurance-Retiree Beneficiary Change Form

    Life Insurance-Retiree Insurance Policy

  • Dental

    If you are enrolled in coverage the month of your retirement date, you are eligible to continue your coverage at full cost to you.  

     

    We recommend reviewing your coverage and visiting the page for Dental Insurance

  • Vision

    If you are enrolled in coverage the month of your retirement date, you are eligible to continue your coverage at full cost to you.  

     

    We recommend reviewing your coverage and visiting the page for Vision Insurance.

  • Flexible Benefits

    Your flexible spending benefits with either an FSA or HSA will discontinue at retirement.  If you are interested in continuing to use HSA funds and learn more about investment opportunities, log in to your account at mybenefitwallet.com.

     

    HSA FAQ

  • Cancer Protection

    You will need to contact American Fidelity if you currently have a Cancer Protection policy to continue the coverage and arrange payment.

     

    Visit the page for Cancer Protection contact information.

  • MASA Ambulance

    If you are enrolled in coverage the month of your retirement date, you are eligible to continue your coverage at full cost to you.  

     

    We recommend reviewing your coverage and visiting the page for MASA.

 

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