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Both the Phased Retirement and Terminal Agreement policies have been updated to provide a deposit to the State of Minnesota Health Care Savings Plan at the end of employment, effective December 1, 2014.
These changes impact eligible tenured faculty and continuous appointment professional and administrative staff, including those in the Faculty Retirement Plan. Employees represented by Unit 9 (University Education Association) contract in Duluth are excluded from these changes.
When you participate in Wellness Program activities, you earn wellness points toward reduced UPlan Medical Program premium rates in 2016. You can save $400 or $600 on your annual rates depending on your tier of coverage.
You and your covered spouse can each earn 150 wellness points by taking the wellness assessment by March 31, 2015.
The deadline to earn points to reduce your premium rates is August 31, 2015. Get started.
The Affordable Care Act (ACA) requires that most Americans not already covered by Medicare have health insurance in 2014 or risk having to pay a tax penalty. Even though there are more health care options, we believe the UPlan or a plan offered by your spouse’s employer will remain your best option for coverage.
The Affordable Care Act makes it clear: it’s up to you to make sure you have health insurance beginning in 2014. The University of Minnesota is here to help by explaining the options available to you and the steps you need to take so you are covered.
Go to Employee Self-Service to view: