Open Enrollment for 2014 for Retirees
You do not need to submit an application if you are not changing your medical or dental plan for 2014.
- You may choose a different medical plan if you currently have medical coverage.
- You may choose a different dental plan if you currently have dental coverage.
Significant Medical Coverage Changes for all Retirees
For 2014, significant changes will be made in the University of Minnesota Retiree Medical Program for retirees of all ages.
Retirees under Age 65
Early retirees under age 65 will experience changes made in the UPlan that are designed to avoid paying a $48 million excise tax charge in 2018.
Changes for Under 65 retirees include:
- Increase in primary care copays
- Introduce a differential between primary and specialty care copays
- Introduce a moderate deductible on non-copay items
- Increase in out-of-pocket expenses in the HSA plan.
- Combine base plans
- Merge the two family cost tiers over a two-year period
- Offer a new Accountable Care Organization (ACO) Plan that has a lower cost than the base plan and slightly higher benefits with a choise of four ACOs in the 11-county, Twin Cities Metro area
Retirees Age 65 or Over
Retirees age 65 or over will have two options available from each medical carrier: Plan 1 (the current plan) and Plan 2 (a new, lower-cost plan with higher out-of-pocket expenses). If you decide to remain in Plan 1, you do not need to submit an application to change your coverage.
Retirees Under Age 65
Retirees Age 65 and Over