Frequently Asked Questions
- How much of my insurance premium does ORS pay (the subsidy)? How is this determined?
The ORS subsidy is set by retirement law and depends on many factors. Currently, the maximum subsidy available is 80 percent. Click here for more information about factors that may affect your subsidy.
You can also check miAccount to determine your current insurance rates.
- What is required to enroll my dependent student?
Submit school records as proof of full-time attendance, which must include
- Dependent's name
- Dates enrolled
- Name of institution
- Number of credit hours, or that student is deemed full time,
- Birth certificates as proof of age and relationship, and
- IRS form 1040 that identifies the child as your dependent.
- I am going on Medicare; what do I need to do?
What you need to do depends on whether you enroll in insurance and Medicare at the same time, you are already on Medicare when you enroll in the insurance plan, or if you become eligible for Medicare after enrolling in the insurance plan. Click here for more Medicare information.
- Where do I go with questions about my coverage?
Contact the carrier with questions or issues related to your coverage, including comments about specific services and details of what is covered. The carriers administer the healthcare plans and have your individual account details so they are in the best position to help answer your questions or resolve any problems.
- Can I decline insurance upon retirement but enroll at a later date?
If you have the premium subsidy benefit, you can decline insurance and enroll at a later date. Your enrollment period begins six months after you apply and submit your proofs, unless you have a qualifying event.
If you have the personal healthcare fund, you cannot enroll in insurance at a later date.
Click here for full details on enrolling after retirement.
- If I die, will my spouse be able to continue insurance coverage (with or without survivor option)?
- If you chose a survivor option (100% survivor, 75% survivor, 50% survivor), your survivor pension beneficiary will be able to continue insurance coverage at the same subsidy level that you had (if any). If you named your spouse as your survivor pension beneficiary, eligible dependents who were covered at the time of your death may also continue to receive coverage.
If you chose the straight life option, or you are a former Defined Contribution participant, coverage for your spouse will end upon your death. However, your spouse would have the option to apply for COBRA insurance and pay the full premium for the duration of the coverage.
- Who do I contact and when?
Contact ORS for enrollment and eligibility questions, or to pay your premiums. Contact your insurance carrier for everything else.
Click here for more insurance carrier information.
- When can I enroll in a plan or change my plan? Is there an open enrollment period?
As a retiree, there is not an open enrollment period like when you were actively working.
When you can enroll in insurance depends on if you are enrolling at retirement or after retirement, and if you have a qualifying event.
If you are enrolling in insurance at retirement, your insurance effective date can begin on your retirement effective date.
If you are enrolling after retirement, and have the premium subsidy benefit, your enrollment begins 6 months after you apply for insurance coverage and submit your proofs. If you have the Personal Healthcare Fund, you cannot enroll in insurance after your retirement effective date.
If you are enrolled in an HMO, you must stay in the HMO at least 6 months before switching to another plan unless you move out of the HMO coverage area.
If you are enrolled in BCBSM, or you have been in your HMO for 6 months or more, you can change plans at any time. The change will take effect after we receive your application and proofs.