Resources for Pre-65 Retirees
Purdue University, in partnership with the Purdue University Retirees Association (PURA) and the Henriott Group Inc., has arranged free assistance for choosing health insurance options. Purdue University and PURA are pleased to be able to offer this assistance, and we encourage you to review your options.
Who is Eligible?
Official Purdue retirees under the age of 65 who are not yet eligible for Medicare. Employees hired after Jan 1, 2021, are not eligible for the pre-65 plan.
What are the Purdue plan options?
Official retirees under age 65 continue on same plans as active faculty and staff until age 65.
2023 Medical Coverage Plans
2023 Medical Plan Coverage – Pharmacy & Lab
|
2023 Medical Plan Premiums |
Monthly Premium |
| Premier CDHP |
|
| Retiree Only | $708.48 |
| Retiree & Children | $1,275.24 |
| Retiree & Spouse | $1,558.64 |
| Family | $2,125.42 |
| Standard CDHP |
|
| Retiree Only | $649.73 |
| Retiree & Children | $1,169.52 |
| Retiree & Spouse | $1,429.43 |
| Family | $1,949.20 |
| Limited CDHP |
|
| Retiree Only | $620.19 |
| Retiree & Children | $1,116.16 |
| Retiree & Spouse | $1,364.43 |
| Family | $1,860.59 |
| J-1 Visa(Coverage offered to J-1 Visa holders only.) | |
| Retiree Only | $745.69 |
| Retiree & Children | $1,342.24 |
| Retiree & Spouse | $1,640.52 |
| Family | $2,237.07 |
Dental Plan
| 2023 Dental Plan Premiums |
Monthly Premium |
| Preventive Only | |
| Retiree Only | $0 |
| Retiree & Children | $0 |
| Retiree & Spouse | $0 |
| Family | $0 |
| Anthem Dental Plan Option 1 (Point-of-Service) |
|
| Retiree Only | $24.09 |
| Retiree & Children | $60.42 |
| Retiree & Spouse | $48.97 |
| Family | $91.88 |
| Anthem Dental Plan Option 2 (Standard) |
|
| Retiree Only | $8.12 |
| Retiree Children | $19.07 |
| Retiree & Spouse | $16.62 |
| Family | $29.89 |
Vision Plan
| 2023 Vision Plan Premiums |
Monthly Premium |
| Retiree Only | $7.01 |
| Retiree & Children | $13.56 |
| Retiree & Spouse | $12.71 |
| Family | $20.52 |
What help will I get from Henriott Group?
Henriott associates are knowledgeable and experienced in helping you shop for a plan that best suits your needs. There are several plans available, and it can be difficult to find a well-matched plan. That’s where Henriott can help. Their team members will work alongside you to review and discuss each plan available to you to decide which one will best meet your needs.
What are the benefits of shopping in the Marketplace?
- The Health Insurance Marketplace (also known as the Exchange), created as part of the Affordable Care Act, offers health insurance options to ensure everyone in the United States has access to affordable health care.
- Upon Retirement: You have a special enrollment period that lasts for 60 days after your last day of coverage. You may begin looking 60 days prior to the 1st of the month you need coverage.
- Some Purdue retirees may qualify for a premium tax credit to assist with the cost of healthcare through the Marketplace. After you fill out an application with the Health Insurance Marketplace® and provide household and income information, you’ll find out if you qualify for a premium tax credit that lowers your monthly health insurance bill.
Frequently Asked Questions
Henriott Group has provided a Frequently Asked Questions (FAQ) document to help answer additional questions.No; once you become eligible to be covered under Medicare, the Marketplace plans are no longer the right option for you.
When you reach your Medicare eligibility point, you are welcome to enroll in a plan sponsored by Purdue for coverage that matches with Medicare benefits. In fact, we hope you will reconnect with a Purdue plan once you become eligible for Medicare. The Purdue University Retirees Association (PURA) works very hard to maintain excellent insurance options that complement Medicare coverage.
You continue to be eligible for coverage under the Purdue Health Plans, so you are under no obligation to leave a Purdue plan.
Yes. If you decide to take a Marketplace plan and find it is not fulfilling your needs, you will still be eligible to return to a Purdue plan during open enrollment each year (October).
Yes, you have two options. You are able to return to a Purdue plan during Purdue’s open enrollment period or during the Marketplace open enrollment period for coverage to begin the following calendar year.
Also, if you become eligible for Medicare because you turn age 65 or because of disability prior to age 65, you can enroll in one of the Purdue retiree group plans that go with Medicare.
You and/or your spouse will be offered the Purdue retiree group plans that go with Medicare.
If the Purdue retiree continues to be enrolled in a Purdue-sponsored plan, the eligible dependents can continue to be covered in a plan appropriate for their age and Medicare status.
No. Eligible dependents can only be covered on the same plan that the retiree is enrolled in until the retiree becomes eligible for Medicare.
Once the retiree becomes eligible for Medicare, then the Medicare-eligible retiree can enroll in a Purdue retiree group plan and continue to cover eligible dependents on a Marketplace plan or a Purdue under-65 retiree plan (whichever one they are already enrolled in). The eligible dependents will be able to change to a different plan during open enrollment as long as the retiree continues to be enrolled in a Purdue retiree group plan.
Resources
-
Contact the Henriott Group representatives directly for assistance in reviewing your Marketplace options:
- Maria Pearson 765-838-8614 or toll free at 1-800-382-7875 ext. 237 or mpearson@henriott.com
- Dakota McKinley 765-429-5015 or dmckinley@henriott.com
- Questions regarding your Purdue plan options can be directed to Human Resources at 765-494-2222 or hr@purdue.edu.