NRECA Employee Benefits Weekly

Checklist Helps Employees Age 65-plus Considering Retirement with Their Retiree Insurance Solutions Choices for Remainder of 2014

Posted on Posted in Group Benefits

If your cooperative is participating in the NRECA Retiree Insurance Solutions program, employees who are 65 or older and will be retiring between now and the end of 2014 have two options when it comes to their post-65 retiree health coverage. They can:

  • Enroll in NRECA post-65 retiree health coverage through the end of the year (as of December 31, 2014, this coverage will no longer be available through NRECA) and then enroll in new individual plans through OneExchange effective January 1, 2015
  • Immediately enroll in new individual plans through OneExchange

Which option a potential retiree chooses may depend upon:

  • Conditions of a co-op premium subsidy
  • Coverage for a dependent under age 65 after the employee retirees
  • Personal choice

Note: Whatever the case may be, we recommend contacting OneExchange at 1.855.832.0978 at least 60 days, or as soon as possible, before retirement or the desired enrollment date if coverage through OneExchange is planned.

Resources to help
A checklist to help employees in this situation is now available online. For more information on this issue, also read the article on pages 6-7 of the September Benefits Bulletin.

And don’t forget the other materials and videos available on the Retiree Insurance Solutions page to help you and your post-65 retirees.

If you have questions about Retiree Insurance Solutions, email them to retireeinsurancesolutions@nreca.org. You also can contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.

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