Faculty, Professional and Scientific, Merit Supervisory Exempt, Merit Confidential Participating in the Special Early Retirement Program III. Monthly Premiums for Health and Dental Insurance

  2017 Premiums 2016 Premiums
Type of Contract Total Cost UI Contribution Your Cost Total Cost UI Contribution Your Cost
UIChoice Premiums
Single (not Medicare eligible) $576 $576 $0 $534 $534 $0
Retiree/spouse (both not Medicare eligible) $1,374 $1,099 $275 $1,170 $936 $234
Retiree/children $1,121 $897 $224 $1,020 $816 $204
Family $1,473 $1,178 $295 $1,288 $1,030 $258
Single Medicare Carveout* $662 $576 $86 $576 $534 $42

*Early retirees with a spouse where one or both are Medicare eligible will continue to receive the UI contribution for retiree and spouse of $936 toward the cost of the policy in 2016 and $1,099 in 2017.  They will be moved into separate plans and the University contribution will be divided between them so the retiree’s premium will equal $0 and the remainder of the contribution will be applied to the appropriate coverage for the spouse.

Example for UI Choice program with spouse coverage:

2017 Examples:

Medicare Eligible Retiree =$662-$662 University contribution=$0 premium
Spouse not Medicare Eligible=$576-$437 University contribution ($1,099-$662=$437)=$139 premium

2016 Examples:

Medicare Eligible Retiree =$576-$576 University contribution=$0 premium
Spouse not Medicare Eligible=$534-$360 University contribution ($936-$576=$360)=$174 premium

  2017 Premiums 2016 Premiums
Type of Contract Total Cost UI Contribution Your Cost Total Cost UI Contribution Your Cost
Dental II Premiums
Single $45 $45 $0 $42 $42 $0
Retiree/spouse $93 $74 $19 $84 $68 $16
Retiree/children $100 $80 $20 $100 $80 $20
Family $133 $106 $27 $126 $101 $25