Retiree Insurance
When you retire from the University of Arkansas you may have the opportunity to continue your medical coverage, dental coverage, and a $10,000 life insurance policy.
The definition of a “retiree” for insurance purposes is someone who at the time they leave the University’s employment: (1) has been covered under the insurance plan continuously for at least 10 consecutive years, (2) has worked for the University of Arkansas for 10 consecutive years; and (3) has a combined age and continuous years of U of A service equal to 70 or more. For example, if you are age 58 and have worked at UAMS for 15 years, and have been covered under the benefits plans for at least the last ten years prior to retirement, you would be able to continue those three plans.
Click here to view current retiree insurance rates. The rates may be different when you retire. Currently if you work full-time, your department is paying at least 65% of your medical premium and 50% of your dental premium. As a retiree you would pay 100% of the total premium to maintain coverage.
You do not have to continue all of your eligible benefits. For example, if you want the $10,000 life policy but do not wish to continue your medical or dental coverage, you may do so. You have 31 days from your retirement date to elect which of the three plans you’d like to continue.
As a retiree, you may elect to keep your current medical plan -- either the Point of Service Plan or the Classic Managed Care Plan -- or you may elect to change to the Alternative Point of Service Plan if you are moving out of state. If you are covered under Medicare at the time you retire, your plan would change to a supplemental plan and be secondary to Medicare. Click here to learn more about how Medicare affects your benefits.
If you have any questions, please contact Human Resources at 686-5650. We will be happy to assist you over the phone or set up an appointment to further discuss your needs.
Additional Retiree Information & Forms
| Retiree Insurance Information | |
| Retiree Insurance Rates | Medical, Dental and Life insurance rates for eligible retirees |
| SPD - Retiree Life Insurance |
Summary Plan Description (insurance booklet) for eligible retiring
employees |
|
Retiree Insurance Forms |
|
| Retiree Benefit Election Form | For retiring employees to elect continuation of coverage, if eligible |
| Retiree Cancel Insurance Form | For retiree to drop coverage |
| Retiree Direct Debit Form | For retiree to pay monthly premiums by automatic bank draft |
University of Arkansas for Medical Sciences
4301 W. Markham St., Little Rock, AR 72205
For the Office of Human Resources & Employee Services, Call 1-501-686-5650
To Make an Medical Appointment Call the Appointments Center at: 1-501-686-8000
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For General Information and for Numbers Not Listed, Call 1-501-686-7000
For International Patient Appointments, Call 1-501-686-8071
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