Medicare and Health Insurance
You may continue your medical plan upon retirement if you meet the eligibility requirements for age and years of service under the Teachers’ Retirement System of Louisiana (TRSL) or Louisiana State Employees’ Retirement System (LASERS). If you are a Member of TRSL’s Optional Retirement Plan, you must meet the eligibility requirements, as defined by the TRSL, to continue coverage.
If you began participating in a Health plan through the State of Louisiana on or after January 1, 2002, the state subsidy of your premium after retirement will be based on the number of years you have participated in a Group Benefits program.
If your spouse and/or dependents began participating in a Health Plan through the State of Louisiana on or after July 1, 2002, the state subsidy of their premium after your retirement (and upon your death) will be based on the number of years they have participated in a Group Benefits program. The following schedule is used in determining the state’s subsidy of a retiree’s premium:
| • 10 years or less of participation: 19% of premium paid by the State • More than 10 but less than 15 years of participation: 38% of premium paid by the State • More than 15 but less than 20 years of participation: 56% of premium paid by the State • 20 or more years of participation: 75% of premium paid by the State |
Retirees may have the health insurance, AD&D and Prudential Life Insurance drafted out of their bank account through retirement. Click here for the Authorization Agreement for ACH Insurance Deductions.
Click here for the 2013 monthly premiums for Retirees
Click here for the PPO-Medicare Retirees 2013 Summary of Benefits and Coverage
Click here for the HMO-Medicare Retirees 2013 Summary of Benefits and Coverage
Click here for the PPO-Non-Medicare Retirees 2013 Summary of Benefits and Coverage
Click here for the HMO-Non- Medicare Retirees 2013 Summary of Benefits and Coverage
Voluntary Insurance
Vision
• Retirees are able to continue their vision coverage for themselves and their eligible dependents.
• The vision premium for retirees is equal to the vision premium for active employee.
• If the retiree wishes to continue coverage, she/he must notify the Benefits Service Department prior to retirement.
Dental
• Retirees are able to continue their dental coverage for themselves and their eligible dependents.
• The retiree premium is equal to the premium of an active employee.
• If the retiree wishes to continue coverage, she/he must notify the Benefits Service Center prior to retirement.
Life Insurance
• Retirees are able to continue their life insurance coverage for themselves and their eligible family members through retirement at the same premium rate as an active employee.
• Coverage will reduce for both life insurances at age 65 and 70.
• Prudential life insurance is automatically continued through retirement.
• Retirees will have to complete the conversion form to continue the LSU System Life Insurance within 30 days of retirement.
• Prudential premiums will be deducted from LASERS and TRSL retirement checks but will be billed by the LSU payroll office if they are retired from an ORP.
• Retirees will be billed for their LSU System Life Insurance premiums every three months regardless of what retirement system they retired from.
Retirees may have the health insurance, AD&D and Prudential Life Insurance drafted out of their bank account through retirement. Click here for the Authorization Agreement for ACH Insurance Deductions.
Long term Disability Insurance
Retirees are not able to continue their long term disability insurance coverage through retirement..
Long Term Care Insurance
• Retirees are able to continue their long term insurance coverage for themselves and their eligible family members through retirement at the same premium rate as an active employee.
• Retirees will have to complete the conversion form to continue the long term care insurance within 30 days of retirement.
• Retirees will be billed for their long term care insurance premiums through UNUM directly.
Click here for the Long Term Care Portability form
Accidental Death & Dismemberment Insurance
You will be able to continue your AD&D coverage for you and your eligible family members. This benefit is continued through retirement unless otherwise specified. If the employee wishes to discontinue coverage through retirement, the employee must submit in writing that they would like to cancel coverage with an effective date, employee's signature and LSU ID.
Retirees may have the health insurance, AD&D and Prudential Life Insurance drafted out of their bank account through retirement. Click here for the Authorization Agreement for ACH Insurance Deductions..