 | | |
Your Insurance Benefits |
|
When you retire, you and your eligible dependents can continue in the state-sponsored group health, dental, and vision insurance. Your life insurance continues, but at a reduced face value.
If you leave under a deferred retirement, you can enroll in the health, dental, and vision group insurance when you begin receiving your pension at age 60, but you won't be eligible for the group life insurance.
|
|
|
|
Health, Dental, and Vision Insurance
|
|
Life Insurance
|
|
When your retirement application is processed, we forward your insurance enrollment forms to the health, dental, and vision insurance carriers. You should receive insurance identification cards and materials a few weeks after your pension begins.
|
|
As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each.
|
|
> More
|
|
> More
|
|
|
|
|
Long Term Care (LTC) Insurance
|
|
Dependent Health Insurance
|
|
Long-term care insurance helps offset the cost of custodial care (not medical care) provided in a nursing facility or in the home. The state has established a group plan with MetLife for long-term care insurance for active (working) employees and retirees, as well as their parents, parents-in-law, grandparents, and grandparents-in-law.
|
|
Eligible dependents for health, dental, and vision insurance plans include your spouse (as long as he or she is not also separately enrolled as an eligible state employee or retiree) and your unmarried children until the end of the
year in which they turn 18.
|
|
> More
|
|
> More
|
|
|
|
|
Benefits for Life for State Retirees
|
| The Benefits for Life, the retiree-paid, optional coverage program offered through the state of Michigan offers you the opportunity to apply for coverage in key benefit areas. These offerings do not replace your state-sponsored benefit plans. Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. Because the plans are optional, you can customize your coverage by choosing from a range of plans that offer a combination of benefits and features that can help meet your personal and family insurance needs.
|
|
>
More
|
|
|
Printer Friendly
Text Version 
Email Page
