Retiree Insurance Benefits

Qualified retirees and their eligible dependents are eligible to continue to participate in many of the same insurance programs and at the same rates as active employees. 

MD Anderson is proud to continue to provide 100% of the premium for retiree medical coverage. Additionally, MD Anderson provides retirees enrolled in the medical plan with $6,000 in life insurance at no charge.

Best Features

• Free retiree-only medical coverage - very rare benefit!
• Free $6,000 life insurance coverage for retirees
• Same cost for optional coverage as employees
• For optional coverage, convenient monthly draft from your bank account or Teacher Retirement System annuity 

Enrollment  

Retirement is a change in status, and requires retirees to enroll in the retiree insurance within 31 days of their retirement date.   

Please call myHR at 713-745-6947 approximately two months before your retirement to schedule a meeting with the Benefits department to review and enroll in your insurance benefits.  

Other opportunities to enroll in benefits include Annual Enrollment and events qualifying as a change in status.

Available plans are: 

• UT SELECT PPO medical plan
• Prescription drug coverage
• Dental
• Vision
• Voluntary term life

Eligibility

When can you receive Retiree Medical Insurance Benefits? You must meet all requirements.

If on 8/31/03 you were employed in a benefits-eligible position with a UT System institution and later retire from UT System, you can receive retiree medical insurance benefits when:

• You have at least three years of service with a UT System institution in a position that was eligible for the benefits plan; and
• Your last state employer before retirement was with a UT System institution; and
• You have retired under the rules of TRS, ERS or ORP; and
• Your age + years of state service credit are greater than or equal to 80 with at least five years of state service credit
  OR
  You are 55 with five years of state service credit

If on 9/1/03 or later you began work in a benefits-eligible position with UT System, you can receive retiree medical insurance benefits when:

• You have at least 10 years of service with a UT System institution in a position that was eligible for the benefits plan; and
• Your last state employer before retirement was with a UT System institution; and
• You retire under rules of TRS, ERS or ORP; and
• Your age + years state service credit are greater than or equal to 80 with 10 years of state service credit 
  OR
  You are 65 with 10 years of state service credit

Former employees who are eligible for a Teacher Retirement System disability retirement may also be eligible to receive medical benefits. Read more about eligibility for retiree medical insurance.  

Rates

Rates for retirees and dependents are the same as for full-time employees.