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.
Retiree Benefit Options
- Retiree Benefit Billing
Your health, dental and vision premiums will be billed through Chard-Snyder.
Chard Snyder contact and mailing information:
Phone: 888-993-4646
Email: benefitsupport@ascensus.com
Mailing: Benefit Continuation Department,
P.O. Box 56027
Boston, MA 02205 - 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.
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.
- 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.
- 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.
- 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 continue or convert to the MASA platinum self-pay plan. The platinum initiation fees are waived for anyone that is retiring and wants to continue their membership via Platinum Self Pay. The Platinum Plan is $39/month and is good worldwide.
We recommend reviewing your coverage and visiting the page for MASA.