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Campus Box 8107
Pocatello, ID 83209-8107
Phone (208) 282-2517
Fax (208) 282-4976
Email: hr@isu.edu

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Human Resources

Benefits: Insurance: Retiree Insurance Benefits

Medicare Supplements
Retiree Life Insurance

Retiree Medical Insurance
Retiree Monthly Medical Premiums
Sick Leave Entitlement

Retiree Medical Insurance

Eligibility

The state offers Retirees and their eligible dependents the choice of Blue Cross of Idaho PPO, Traditional and High Deductible medical plans. To be eligible a retiree must have been hired on or before June 30, 2009, be under age 65, have at least ten (10) years (20,800 hours) of credited state service, be receiving monthly retirement benefits from a State Retirement System and retire directly from state service. Retirees hired after June 30, 2009 are not eligible for coverage unless they have credited state service of at least twenty thousand eight hundred (20,800) hours before June 30, 2009 and subsequent to reemployment, election or reappointment on or after July 1, 2009 accumulate an additional six thousand two hundred forty (6,240) continuous hours of credited state service and are otherwise eligible for coverage.

Enrollment forms and the Retirees Group Insurance Handbook can be located on the State of Idaho Office of Group Insurance web site.

Monthly Medical Premiums

Rates for FY2014:

PPO Plan

Retiree

Retiree &
Spouse

Retiree &
Child(ren)

Family

No Medicare

$568

$1,112

$780

$1,291

One on Medicare

$197

$884

$436

$1,064

Two on Medicare

N/A

$500

N/A

$679

Traditional Plan

Retiree

Retiree &
Spouse

Retiree &
Child(ren)

Family

No Medicare

$584

$1,138

$813

$1,331

One on Medicare

$197

$897

$451

$1,090

Two on Medicare

N/A

$500

N/A

$693

High Deductible Plan

Retiree Only

Retiree & Spouse

Retiree & Child (ren)

Family

No Medicare

$428

$898

$611

$1,061

One on Medicare

$132

$719

$345

$874

Two on Medicare

N/A

$401

N/A

$561

 

If you are with PERSI, after all sick leave entitlement has been exhausted, premiums will be paid from your retirement allowance.  If you are with the ORP, (VALIC or TIAA-CREF), you may self pay your premiums after your entitlement is exhausted.

Medicare Supplements

Recent agreements with Blue Cross of Idaho, Regence BlueShield of Idaho, and the American Association of Retired Persons, (AARP) Health Care Options program, have made it possible for the State Office of Group Insurance to offer Medicare eligible State retirees and their dependents access to Medicare Supplement Insurance plans, through their retiree sick leave entitlement. The supplement plans could be in addition to, or in lieu of enrollment in one of the State's retiree medical plans. Depending on your healthcare needs, these plans could be less expensive than either of the State's retiree medical plans.

For further information regarding Medicare Supplement options and eligibilty requirements, click here.

Sick Leave Entitlement

Upon retirement from the state, in accordance with Idaho Code 67-5339, an employee may convert a portion of his or her unused sick leave into a cash equivalent to pay for retiree medical insurance premiums after retirement.  The formula used to determine the amount of Sick Leave Entitlement is:

½ of unused sick leave hours multiplied by the hourly wage at time of retirement

After sick leave has been divided in half, state employees have a maximum allowable unused sick leave depending on state service hours as follows:

Credited Hours of Service

Estimated Years of Service

Maximum Allowable Sick Leave Hours

0-10,400

5

420

10,401-20,800

5-10

480

20,801-31,200

10-15

540

31,201 and over

15 and over

600

For more information regarding the sick leave entitlement, please contact PERSI, 1-800-451-8228 or www.persi.state.id.us

Life Insurance

Idaho State University provides life insurance for retirees if at the time of retirement, the retiree's age plus years of ISU service total at least 80, (Rule of 80).

Life insurance benefits are paid at the following rates:

The retiree life insurance benefit is administered through Idaho State University, Human Resources. To file a claim, contact ISU Human Resources at (208) 282-2517.