If you were hired prior to December 31st, 2023, are age 55 or older and have 10 years of continuous McNaughton-McKay service from your most recent hire date, you are eligible to elect for Retiree Healthcare on a one-time opportunity basis at the time of retirement.
DEPENDENT ELIGIBILITY
You may also enroll eligible dependents for benefits coverage. A ‘dependent’ is defined as the legal spouse and/or ‘dependent child(ren)’ of the plan participant or the spouse.
Dependent coverage ends when:
- Medical - The last day of the month in which the child turns 26.
- Dental - The last day of the month of the child's 26th birthday regardless of student status and provided that they don' have their own employer coverage.
Blue Cross Blue Shield of Michigan will continue to be the medical and prescription drug carrier this year. You have two Medical options to choose from:
- HSA Plan
- PPO Core
Both plan options are Preferred Provider Organizations (PPO) and provide both in and out of network benefits. With both plan options you have the option to see any doctor you wish and receive coverage, note, if you go out of network you will receive lesser benefits and may experience balance billing.
The differences in the options are highlighted below.
You can view more details of these plans by accessing the benefit summaries provided below.
Retiree- Medicare Advantage
The Medicare Advantage rate is $384.10 per person per contract.
Example: subscriber monthly rate is $384.10 and each additional person is also $384.10 a month, so a subscriber and spouse contract would be $768.20/month.
The Health Savings Account (HSA) allows you to set aside pre-tax dollars to pay for eligible medical, dental, and vision expenses. By contributing to an HSA you reduce your taxable income, so you pay less in taxes — which saves you money.
HSA IRS Maximums are as follows and are on a calendar year basis. The maximums indicated below are a combined maximum for participant and any employer provided funds to the HSA. If you elect the HSA plan mid-year, maximums are prorated based on your effective date in the HSA plan.
$4,500 for a single contract | $9,000 for a two person or family
$1,000 "Catch Up" contribution for those age 55+
Visit the Health Equity HSA page for more information by clicking HERE!
Below is a high-level overview of your plan and benefit information:
What are Preventive Services? Routine oral exams and cleanings, x-rays, sealants & fluoride treatments
What are Basic Services? Periodontics, endodontics (root canals), oral surgery, fillings, prosthetic maintenance
What are Major Services? Prosthodontics, crowns, dentures, implants & bridges
You can view more details of your plan by accessing the benefit summary provided below.
