Retiree Benefits - Pre-65 Retirees

Retiree Pre-65 Open Enrollment for 2013-2014

Open Enrollment for the UNM Pre-65 retiree benefit plans for the 2013-2014 plan year will begin on Wednesday, April 24, 2013 and end on Tuesday, May 7, 2013. During this time, Pre-65 UNM retirees and/or their Pre-65 dependents are eligible to make changes to their UNM retiree Medical and Dental coverage.

Rates 2013-2014

• Pre-65 Open Enrollment Booklet 2013-2014
• Pre-65 Open Enrollment Change Form 2013-2014
• Pre-65 Medical Rates 2013-2014
• Pre-65 Dental Rates 2013-2014
• Healthcare Reform Summary of Benefits and Coverage Lovelace 2013-2014
• Healthcare Reform Summary of Benefits and Coverage Presbyterian 2013-2014

All Open Enrollment forms and application materials need to be submitted to the HR Service Center by May 7, 2013 at the address below. In addition, the HR Service Center is open Monday through Friday, 8:00 am to 5:00 pm and is located at the corner of Lomas and University Blvd.

Recent Policy Changes affecting Pre-65 Retiree Benefit eligibility

Enrollment deadline for UNM retirees

• Effective July 1, 2011, employees who retire, and are eligible to participate in UNM's retiree medical plan, must enroll within 60 days from their retirement date and maintain continuous coverage thereafter.

Five consecutive year rule

• Effective July 1, 2016, employees must be enrolled in UNM medical insurance for five consecutive years, immediately preceding retirement, to be eligible to participate in UNM's retiree medical plan. Other policy provisions remain in effect.

Retiree Health Care Task Force Rate and eligibility changes

• On July 1, 2011, the Retiree Health Care Task Force recommendations were implemented that affected pre-65 retiree benefit eligibility and contributions to pre-65 retiree benefits. The updated rates are indicated below.
• In addition to the contribution changes, the Task Force changed the eligibility requirements for future retirees by requiring that all faculty/staff hired after that date must satisfy an age requirement of 60 and service requirement of 20 years, or an age requirement of 65 and service requirement of seven years.
• For more information please read the Retiree Health Care Task Force Report and Recommendations.

Medical Benefits for Pre-65 Retirees

Pre-65 Retirees are defined as those employees who retire from the University of New Mexico before the age of 65. Pre-65 retirees have access to the same medical coverage that they had as active employees, but pay premiums based on the percentages outlined for pre-65 retirees below.

Pre-65 Retiree Premium Contribution Rate Schedule

Effective July 1, 2011, the University contribution to pre-65 retirees was reduced by 5%, and retiree contributions increased 5%. The retiree contribution will increase 1% per year on the following schedule for five years. The 1% per year contribution is not associated with any potential increases attributable to rising premium costs.

Salary at Retirement

	$24,999 and below		$25,000 - $34,999		$35,000 and above
	Employer	Retiree	Employer	Retiree	Employer	Retiree
Current	80%	20%	70%	30%	60%	40%
July 1, 2011	75%	25%	65%	35%	55%	45%
July 1, 2012	74%	26%	64%	36%	54%	46%
July 1, 2013	73%	27%	63%	37%	53%	47%
July 1, 2014	72%	28%	62%	38%	52%	48%
July 1, 2015	71%	29%	61%	39%	51%	49%
July 1, 2016	70%	30%	60%	40%	50%	50%

Medical Insurance Carriers

Pre-65 Retirees have access to the same Medical coverage that they had when they were active employees. UNM offers medical insurance coverage from Lovelace and Presbyterian health plans. For more information on the specific coverage available under these carriers, please refer to the medical insurance page on the Human Resources website.

Medical Insurance Rates

For 2012-2013 rates under Presbyterian and Lovelace for specific coverage(s), please refer to the Pre-65 Medical Rates.

Dental Benefits for Pre-65 Retirees

Pre-65 Retirees are defined as those employees who retire from the University of New Mexico before the age of 65. Pre-65 retirees have access to the same dental coverage that they had as active employees, but pay premiums based on the percentages outlined for pre-65 retirees below.

Pre-65 Retiree Premium Contribution Rate Schedule

Effective July 1, 2011, the University contribution to pre-65 retirees was reduced by 5%, and retiree contributions increased 5%. The retiree contribution will increase 1% per year on the following schedule for five years. The 1% per year contribution is not associated with any potential increases attributable to rising premium costs.

Salary at Retirement

	$24,999 and below		$25,000 - $34,999		$35,000 and above
	Employer	Retiree	Employer	Retiree	Employer	Retiree
Current	80%	20%	70%	30%	60%	40%
July 1, 2011	75%	25%	65%	35%	55%	45%
July 1, 2012	74%	26%	64%	36%	54%	46%
July 1, 2013	73%	27%	63%	37%	53%	47%
July 1, 2014	72%	28%	62%	38%	52%	48%
July 1, 2015	71%	29%	61%	39%	51%	49%
July 1, 2016	70%	30%	60%	40%	50%	50%

Dental Insurance Carrier

Pre-65 Retirees have access to the same Dental coverage that they had when they were active employees. UNM offers dental insurance coverage from Delta Dental of New Mexico. UNM offers two dental plans:

1. Delta PPO (low cost option)
2. Delta Premier (high cost option)

For more information on the plans and the coverage available, please refer to the Delta Dental Benefits Handbook.

Delta Dental Insurance Rates

The rates for the Pre-65 Retiree Dental Rates are outlined in the 2012-2013 Pre-65 Dental Rates.