Medicare Supplemental Medical Insurance. (a) For those who are 65 by June 30, 2014 but retire after June 30, 2014, such a faculty member retiring at or after age 65 whose qualifying years for retirement have been in Benefit Group A, B, C and D and who elects the Medicare Supplement Plan shall pay the premium contributions in accordance with Table 1 in Section (b) (1) (a) ii on the prior page
(b) For those who are not 65 by June 30, 2014 and who later retire at 65 or thereafter, such faculty will pay a percentage of premium for the Medicare Supplement Plan in accordance with the Post-65 Medicare Supplement Plan in Appendix C.
Medicare Supplemental Medical Insurance a. Effective for those who retire prior to July 1, 2014 a faculty member retiring at or after age 65 whose qualifying years for retirement have been in benefit Group A, B or C and electing the Medicare Supplement Plan shall pay 20% of the full premium cost for such a plan and the University will pay 80% of the plan cost. Medicare pays its benefits first, and unpaid balances are covered up to the limits of the Medicare Supplement Plan.
b. A faculty member retiring at or after age 65 whose qualifying years for retirement have included one or more years in Benefit Group D and who elects the Medicare Supplement Plan shall pay a percentage of premium costs equal to one (1.0) minus his/her average FTE for the qualifying years of service in addition to the premium cost described in the prior paragraph.
c. For those who are 65 by June 30, 2014 but retire after June 30, 2014, such a faculty mem- ber retiring at or after age 65 whose qualifying years for retirement have been in Benefit Group A, B, or C and who elects the Medicare Supplement Plan shall pay the premium contributions in accordance with Table 1 in Section b (1) (a) ii on the prior page
d. For those who are not 65 by June 30, 2014 and who later retire at 65 or thereafter, such faculty will pay a percentage of premium for the Medicare Supplement Plan in accord- ance with the Post-65 Medicare Supplement Plan in Appendix C.
Medicare Supplemental Medical Insurance a) For those who are 65 by June 30, 2014 but retire after June 30, 2014, such a faculty member retiring at or after age 65 whose qualifying years for retirement have been in Benefit Group A, B, C and D and who elects the Medicare Supplement Plan shall pay the premium contributions in accordance with Table 1 in Section (b) (1) (a) ii on the prior page
b) For those who are not 65 by June 30, 2014 and who later retire at 65 or thereafter, such faculty will pay a percentage of premium for the Medicare Supplement Plan in accordance with the Post-65 Medicare Supplement Plan in Appendix C.
c) Faculty hired on or after January 1, 2012 shall only be eligible upon retirement for any Medicare Supplement Plan for which they are qualified that may be offered by the University at their expense with no University contribution to premium. However, such faculty will be eligible to receive University contributions under the Retiree Health Savings Plan (Appendix D).
