Retiree Benefit Options

Retiree Virtual Benefit Fair

Get To Know Your 2022 Retirement Benefits

If you're considering retiring next year, it's a good time to start looking at your 2022 retiree coverage options.

Review the 2022 plan guide, bonus drug list and formulary, all available from the right sidebar of this webpage. After you've taken a look, this video provides an overview of 2022 retiree benefits:

Then, when you're ready with questions or want to learn more, call into a retiree open enrollment teleconference:

October 27, 2 pm (CT)
November 2, 10 am (CT)

Both conferences can be accessed by calling 844.291.6362 (access code: 7671826).

About Retiree Health Coverage

While working at the University, you help to improve our students’ mind and spirit through the development and dissemination of knowledge. As part of rewarding your dedication and service, you may be eligible to continue coverage under certain University benefit plans when you retire.

Eligibility

You are eligible for retiree benefits if, when you retire, you meet the requirements of the 10-70-10 Rule or the 5-65-5 Rule, described below.

	10-70-10 Rule	5-65-5 Rule
Definition	Employed by the University for 10 consecutive years in a benefits-eligible position; and Age + continuous years of service = at least 70; and Participated in the applicable benefit plans for the past 10 consecutive years before retirement.	Retiring January 1, 2017 or later; and Employed by the University for five consecutive years in a benefits-eligible position; and Age 65 or older at retirement; and Participated in the applicable benefit plans for the past 5 consecutive years before retirement.
Retiree Coverage	Medical Dental	Medical Dental

Benefit Plans

If you meet eligibility requirements, you can continue certain benefits in retirement. You may select continued coverage under just one or both benefit plans.

Medical
- If you are a non-Medicare-eligible retiree: Continue active employee coverage under ONLY the Classic Plan through UMR
- If you are a Medicare-eligible retiree: Enroll in the University of Arkansas UnitedHealthcare Medicare Advantage Plan
Dental

Enrollment

Schedule to meet with a human resources representative at least three months before your planned retirement date to discuss your options.

2021 Cost of Coverage

As a retiree, you pay 100% of the retiree benefit plan premium rate shown below. These rates are subject to change and may be different when you retire.

Benefit	Coverage Level	Monthly Premium
Classic Plan (Non-Medicare-Eligible Medical Coverage)	Single Adult	$494.00
	Two Adults	$1,122.00
	Adult + Child(ren)	$924.00
	Two Adults + Child(ren)	$1,564.00
	2 or More Children	$924.00
University of Arkansas UnitedHealthcare Medicare Advantage Plan	Per Person	$175.70
Dental Coverage	Single Adult	$32.00
	Two Adults	$66.00
	Adult + Child(ren)	$55.70
	Two Adults + Child(ren)	$89.70

Non-Medicare-Eligible Medical Coverage

Here’s what you’ll pay for covered services under the Classic Plan. The Classic Plan offers only in-network coverage (except in case of emergency).

Annual Deductibles
Individual	$1,250
Family	$2,500
Annual Out-of-Pocket Maximums
Individual	$5,250
Family	$10,500
Medical Services
Coinsurance	25% after deductible
PCP Visit	$35 copay
Specialist Visit	$55 copay
Preventive Care	$0
Diagnostic Lab In Office	25% after deductible
Urgent Care	$55 copay
Emergency Room	Emergency: $250 copay (waived if admitted) Non-emergency: $350 copay (waived if admitted)
Ambulance	$100 copay (waived if admitted)
Advanced Imaging*	25% after deductible, and $100 copay
Outpatient Surgery	25% after deductible, and $150 copay
Inpatient Services**	25% after deductible, and $300 copay
Speech, Occupational and Physical Therapy (30-visit combined maximum)	25% after deductible, and $55 copay
Routine Vision Exam	$35 copay
Hearing Exam	PCP: $35 copay Specialist: $55 copay
Hearing Aids (benefit is per ear every three years)	$3,000 allowance
Prescription Drug Annual Out-of-Pocket Maximum
Individual	$1,700
Family	$3,400
Prior authorization required. *Includes semi-private room and board, intensive care room and board, ancillary charges and maternity inpatient charges.

Medicare

If you are a Medicare-eligible retiree, you and your Medicare-eligible spouse must enroll in Medicare Parts A and B to participate in the University of Arkansas UnitedHealthcare Medicare Advantage Plan. Contact the Social Security Administration three months before your 65th birthday to initiate Medicare enrollment.

For more information about Medicare, see the Medicare & Your UA Medical Benefits summary and Medicare Part D Creditable Coverage Letter.

Medicare Counseling

The Senior Health Insurance Information Program (SHIIP) is a division of the Arkansas Insurance Department. It provides free, one-on-one counseling, education and information about Medicare.

SHIIP helps you apply for Medicare subsidy programs like Medicare Savings Programs and Extra Help, and recruits and trains a volunteer network throughout the state to provide in-person information, assistance and presentations. It also helps at community events and health fairs. Call 800.224.6330 or 501.371.2782 for additional information.

Retiree Vision Benefits

Vision benefits are not offered through the University. However, when you retire, you can enroll in a vision plan through Superior Vision, at a group-discounted rate. To learn about what’s covered, visit the Superior Vision website. You can also find enrollment and coverage cost information there.