Benefits Retiree Premiums
If you meet the eligibility requirements
you are entitled to:
-
A $10,000 Life Insurance
Policy (See premium list)
-
Continuation on the
University's Health Insurance (See premium list)
Once you turn 65 your University health insurance coverage will
supplement Medicare. However, you are required to have both Medicare Part A and Part B.
The same plan provisions you currently have with the University's health insurance will
continue with supplement coverage.
Monthly premiums may be paid by automatic bank draft.
Please
contact the Benefits Office for further information. See Current
Monthly Premiums Table below:
Medical Premiums (Monthly)
|
Retiree Premiums |
Classic |
Point of Service |
Point of Service |
|
July 1, 2008 |
Plan |
Plan |
Alternate Plan |
|
|
|
|
(Out of State |
|
|
|
|
Retirees only) |
|
Retiree w/Major Medical |
$281.26 |
$314.01 |
$360.41 |
|
Retiree/Spouse w/Major Medical |
$632.30 |
$705.82 |
$810.23 |
|
Retiree/Child w/ Major Medical |
$497.02 |
$554.84 |
$636.81 |
|
Retiree/Spouse/Child w/Major Medical |
$848.11 |
$946.76 |
$1,086.69 |
|
Retiree w/Major Medical, Spouse w/Supplement |
$501.68 |
$559.39 |
$642.14 |
|
Retiree/Child w/Major Medical, Spouse w/Supplement |
$718.14 |
$800.19 |
$918.57 |
|
Retiree w/Supplement |
$220.31 |
$245.45 |
$281.68 |
|
Retiree w/Supplement, Spouse w/Major Medical |
$571.89 |
$637.31 |
$731.57 |
|
Retiree w/Supplement, Child w/Major Medical |
$436.37 |
$486.78 |
$558.16 |
|
Retiree w/Supplement, Spouse/Child w/Major Medical |
$788.14 |
$878.21 |
$1,008.08 |
|
Retiree/Spouse w/Supplement |
$440.46 |
$490.78 |
$563.41 |
|
Retiree/Spouse w/Supplement, Child w/Major Medical |
$656.60 |
$731.60 |
$839.79 |
Life Premiums (Monthly)
Premiums Effective
January 1, 2007 |
|
| $10,000 Life Insurance Policy |
$8.33
|
| *The retiree pays 100% of the premiums. |
Dental Premiums (Monthly)
Premiums Effective
January 1, 2003 |
|
| Retiree Only |
$24.14
|
| Retiree & Spouse |
$49.70
|
| Retiree & Child(ren) |
$42.00
|
| Retiree, Spouse, & Child(ren) |
$67.60
|
| *The retiree pays 100% of the premiums. |
|
For more information regarding retiring from the University of
Arkansas, please contact UA Benefits Specialist
Carol Hill by email
at carolh@uark.edu or phone at 479-575-6215. |
