The option available to retirees is 509A, which is a state law that allows employees to pay 100% of their health insurance premium with a bonafide retirement. So, if you retire and draw IPERs, you can continue your health insurance coverage through Heartland AEA at 100% of your cost until the month prior to which you turn 65. You must have family coverage at the time of your retirement in order to be eligible for family coverage, and if you ever drop your family coverage or choose not to cover your family, you aren’t able to add family members back at a later time. Likewise, if you retire and don't take the 509A option, you are no longer eligible to receive it.
If you have any questions about this topic, contact Juliette Houseman, Benefits Specialist, at ext. 14315.
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