Planning for Retirement and Retiree Benefits

The decision to retire is definitely one of the biggest made in your lifetime.  The information contained herein describes your options as a retiree from the University of Maine System (UMS).  Board of Trustees policy provides retirement benefits for employees who have 10 years of continuous, regular full-time equivalent service immediately preceding retirement, and who are at least age 55.  The following resources are available to aid your decision to retire:

• NEW!  Plan your retirement in MaineStreet Employee Self-Service
  • Step-by-step MaineStreet Retirement Guide
  • MaineStreet Retirement Quick Guide
  • Planning for Retirement Seminar Presentation

• Planning for Retirement Frequently Asked Questions
• Retirement Guide for Salaried Employees (PDF) with Checklist
• Retirement Guide for Hourly Employees (PDF) with Checklist
• Partial/Phased Retirement Program (PPRP)
• • Partial/Phased Retirement Plan Tutorial
  • Partial/Phased Retirement Plan Policy
  • Partial/Phased Retirement Plan Agreement
  • Partial/Phased Retirement Plan Application
• Incentive Retirement Plan (IRP)
  • Incentive Retirement Plan Policy

*PPRP and IRP are available only to eligible salaried employees

Eligible faculty and UMPSA unit members who had at least 10 years of full-time equivalent years of service and were at least 62 years old may have been eligible for a Special Retirement Incentive and/or Health Premium Incentive.  The deadline for notifying UMS of your intent to retire and elect this incentive was October 20, 2014. Non-represented hourly and salaried employees who had 10 years of full-time equivalent years of service and were at least 62 years old may have been eligible for a Special Retirement Incentive and/or Health Premium Incentive.  The deadline for notifying UMS of your intent to retire and elect this incentive was January 15, 2015. https://youtu.be/ESatH-xkf0o

2018 Retiree Open Enrollment Information is now available

• 2018 NON-Medicare Open Enrollment Info Sheet
• 2018 Medicare Open Enrollment Info Sheet Info Sheet (65 and OLDER)
• 2018 Retiree Rates are now available (See Premium Rates Link below)

One-Time Opt-Out Information

 CIGNA OAP Plan Documents:

• 2019 CIGNA Quality Incentive Copay Plan Summary
• 2019 CIGNA Choice Plan Summary
• 2018 CIGNA OAP Quality Incentive Copay-  Riders 
• 2018 CIGNA Choice Plan -  Riders 
• 2017 CIGNA OAP Quality Incentive Copay Plan Summary
• 2017 CIGNA OAP Choice Plan Summary

UMS medical plans administered by Cigna offer: Less out-of-pocket costs for Quality/UMS Preferred Providers & Hospitals.  Your doctor’s practice must have a minimum of 2 ratings of Good, Better or Best to be considered UMS Preferred.

• Preferred Hospital List
• Hospital Tiering Questions & Answers
• $5 Preferred Generic Drugs
• Cigna Preventive Care
• View claims & member details via MyCigna
• Maine Pharmacies offering 90-day supply for 2 co-pays
• Step Therapy for Prescriptions
• Primary Care Provider (PCP) referrals not necessary
• Nationwide network of participating providers
• Urgent Care Centers
• Durable Medical Equipment (DME) Guide
• Diabetic Supply Guide
• Smoking Cessation Coverage

Important Notice:  Effective for UMS employees who retire and their last day worked is on or after January 1, 2017 (September 1, 2017 for AFUM), Medicare eligible UMS retirees at the time of retirement or those reaching Medicare eligibility after retirement will pay 20% of their individual monthly health premium and 50% of any applicable dependent monthly health premium.

2019

• 2019 Aetna Medicare Plan PPO Design & Benefits
• 2019 Aetna Medicare Plan PPO Extended Service Area (ESA) Annual Notice of Changes (The Aetna Medicare PPO ESA Plan has an extended service area. This means that Aetna may provide coverage even if you live outside the Aetna Medicare network service area.)

2018

• 2018 Aetna Medicare Plan PPO Design & Benefits
• 2018 Aetna Medicare Plan PPO Extended Service Area (ESA) Annual Notice of Changes (The Aetna Medicare PPO ESA Plan has an extended service area. This means that Aetna may provide coverage even if you live outside the Aetna Medicare network service area.)

Features:

• Flu Shot Brochure
• Healthy Home Visit
• Compassionate Care Program
• Hypertension Disease Management Program

All Eligible Retirees

• 2015 CIGNA Dental Summary Plan Description

Important Notice:  Effective for UMS employees who retire and their last day worked is on or after January 1, 2017 (September 1, 2017 for AFUM), Medicare eligible UMS retirees at the time of retirement or those reaching Medicare eligibility after retirement will pay 20% of their individual monthly health premium and 50% of any applicable dependent monthly health premium.

2018 Rates

• 2018 Rate Chart-  for UMS Retirees Who Retire as of 1/1/17 or Later
• 2018 Rate Chart- for UMS Retirees Who Retired 1/1/11 Thru 12/31/16
• 2018 Rate Chart-  for UMS Retirees Who Retired Prior to 1/1/11

2019 Rates

• 2019 Rate Chart-  for UMS Retirees Who Retire as of 1/1/17 or Later
• 2019 Rate Chart- for UMS Retirees Who Retired 1/1/11 Thru 12/31/16
• 2019 Rate Chart-  for UMS Retirees Who Retired Prior to 1/1/11

The following 2018 -2019 monthly medical rate chart represents some of the most common categories of eligibility and coverage for new retirees. See the full Health Premium Chart for other rates.

Retiree Medicare Status	Spouse Medicare Status	Plan & Coverage Level	2018 Monthly Premium Rate	2019 Monthly Premium Rate
Eligible	Eligible	Aetna- Retiree + 1	$199	183.00
Eligible	Not Eligible	Aetna- Retiree Copay - Spouse	$748	$877
Not Eligible	Eligible	Copay - Retiree Aetna- Spouse	$1665	$1911
Eligible	No Spouse	Aetna - Retiree Only	$57	52.00
Not Eligible	Not Eligible	Copay - Retiree + 1	$2,876*	$3,630*
Not Eligible	No Spouse	Copay - Retiree Only	$1,307*	$1,650*

*Note: If you are not yet Medicare eligible at the time of your retirement, you have a one-time option to cease (opt out of) coverage with an opportunity to re-enroll (opt back into) the plan, provided that the election to re-enroll occurs no later than ninety (90) days after you become eligible for Government Medicare A & B and you provide proof that you had continuous health coverage during the entire opt out period for yourself and any eligible dependents who will now be enrolled.  Click for more detailed information on the opt out and re-enrollment provision and frequently asked questions.  The Health Insurance Marketplace (healthcare.gov) offers eligible individuals an opportunity to purchase health insurance or see if they qualify for free or low-cost subsidized coverage.  COBRA continuation of benefits is also available for 18 months after retirement.

• 2017 -2018 Retiree Dental Insurance Premiums:

Coverage	Monthly
Single	55.67
2-Person	102.00
Family	174.20

• 2019 Retiree Dental Insurance Premiums:

Coverage	Monthly
Single	57.06
2-Person	104.55
Family	178.56

• Aetna                            1-888-267-2637
• Cigna                          1-800-244-6224
• Medicare                   1-800-633-4227
• EBPA                           1-888-232-3203
• COBRA                       1-888-232-3203

• Social Security Administration
• Medicare

• Board of Trustees Policy: Health Insurance for Retirees and Former Employees on Long Term Disability