I am currently age 65 and will be retiring in the next year. What happens to my health insurance when I retire, and when do I enroll in Medicare?
You may continue your health insurance when you retire. However, if you or your dependent are age 65 or over at the time of retirement, your health insurance coverage will convert to a supplemental health plan to Medicare. What this means is that the state plan will become the secondary payor and Medicare will become the primary coverage. You should contact Social Security Administration to purchase Medicare Part B, which will cover approximately 80 percent. The state health plan offered will only be responsible for 20 percent of the coverage. If you or your dependent are less than 65, the health plan will continue to provide full coverage. Both Medicare and the state health plan have deductibles and co-payment provisions. For more information, please call University Retirement at (352) 392-2477, SC 622-2477, or visit our Web Site.