Other Benefits Available to Retirees

Other Benefits Available to Retirees


Welcome to our Video Guide – Planning Your Successful
Retirement created for New York State executive branch
employees. My name is Susan MacLennan and I
am sure you are excited about planning your retirement. This series of short videos was
designed to provide you with essential information to answer
some of your questions. But these videos are just a
beginning. Please be sure to review the
more detailed information on the Work-Life Services website at www.worklife.ny.gov, and also talk with your agency
Health Benefits Administrator. Other Benefits Available to
the Retiree is the name of this video. Kevin Kreis, a Department of
Civil Service, Employee Benefits Division
representative, will provide information on
COBRA continuation of coverage, as well as your dental
and vision coverage after you retire. For additional information
regarding the New York State Health Insurance Program, please
refer to Chapter 10 of the online version of the Self-Help
Guide to Pre-Retirement Planning available on the Work-Life
Services website. How can I continue my dental and
vision benefits after I retire? Great question; and the answer
is if your dental and vision coverage as an active employee
was provided through a plan administered by the Employee
Benefits Division, you will be offered COBRA
continuation of coverage by the Employee Benefits Division. Under New York State
continuation of coverage legislation, this benefit is
offered for 36 months. If you have dental and vision
benefits through a union benefit fund such as the CSEA Employee
Benefit Fund or the UUP Benefit Trust Fund, you will be offered
COBRA continuation of coverage through your benefit fund. Check with your union benefit
fund to find out your length of eligibility. Under the plans administered by
the Employee Benefits Division, your benefits as an active
employee end 28 days after the last day of the payroll period
in which you worked, or were paid through. If you wish to continue these
benefits under COBRA provisions, you will pay the full cost, plus
a two percent of premium administrative fee. COBRA dental coverage lasts for
up to 36 months and is the same coverage you had while actively
employed. You must keep the COBRA dental
for the full COBRA eligibility period in order to be eligible
for the retiree direct-pay policy offered by GHI. If you do not wish to enroll in
the COBRA dental plan through New York State or a union
benefit fund, you may enroll directly in the
GHI retirement dental plan. Whatever you decide, you cannot
have a break in coverage between your active and retiree dental
plan. The GHI retiree plan is a
private, direct-pay contract and is
similar, but not the same as the coverage
you had while actively employed. At the point you enroll in the
retiree plan, you are no longer enrolled in a
plan administered by the Employee Benefits Division or
the union benefit fund. COBRA continuation of coverage
for the vision benefit lasts up to 36 months as well, and is the
same coverage you had while actively employed. Once your COBRA eligibility
period has ended, there is no direct-pay policy
available. If you are an M/C employee and
have M/C life insurance, your M/C life insurance will
continue after you retire unless you cancel it. Therefore, you may want to go to
your Personnel Office to discuss how retirement will affect your
coverage. Any questions about Union
Sponsored Plans should be directed to the Plan Sponsor. If you are interested in Long
Term Care insurance, you can access the Department of
Civil Service website for contact information. Keep in mind, Long Term Care
Insurance provides coverage for services that are not generally
covered by health insurance, such as custodial care at home
or in a nursing home. That brings us to the end of
this video segment. For more details about the New
York State Health Insurance Program, we invite you to view
the other health insurance videos and visit the New York
State Department of Civil Service website, then go to the
Retirees tab on the homepage. Talk with your agency Health
Benefits Administrator or call to speak with a New York State
Civil Service, Employee Benefits Division
representative. To reach the Employee Benefits
Division, call 518-457-5754 if you are in
the Albany area, or call 1-800-833-4344. Remember, once you retire the
Employee Benefits Division will serve as your Health Benefits
Administrator. Thank you for your service to
New York State and have a wonderful retirement!

Author: Kevin Mason

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