State Medicare Advantage Rates
Retirees in the State Employees Group Insurance Program will continue to pay 1% of their annuity for Medicare Advantage coverage. This percentage will change to 2% effective July 1, 2014.
State retirees with less than 20 years of service will also continue to pay 5% of the health plan cost for every year less than 20; however, the premiums for the new Medicare Advantage plans will be lower than the current health plans. The premiums below represent the cost of coverage that the 5% will be based upon effective February 1, 2014. Members who have less than 20 years of service should see a decrease in the cost of their coverage.
Dependent Rates for State Retirees, Annuitants and Survivors | ||||
Coventry Advantra HMO or Humana HMO |
UnitedHealthcare PPO |
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One Dependent |
Two or More Dependents |
One Dependent |
Two or More Dependents |
|
Dependent Rate |
$89.91 | $126.00 | $110.00 | $155.00 |
Retiree Health Plan Monthly Contribution for Retirees with Less than 20 Years of Service |
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Years of Service |
Member's Responsibility - Percentage of Cost |
Coventry Advantra HMO |
Humana HMOs |
UnitedHealthcare PPO |
0 | 100% |
$111.64 | $205.33 |
$179.67 |
1 | 95% | $106.06 | $195.07 | $170.69 |
2 | 90% | $100.48 | $184.80 | $161.71 |
3 | 85% | $94.90 | $174.53 | $152.72 |
4 | 80% | $89.31 | $164.27 | $143.74 |
5 | 75% | $83.73 | $154.00 | $134.75 |
6 | 70% | $78.15 | $143.73 | $125.77 |
7 | 65% | $72.57 | $133.47 | $116.79 |
8 | 60% | $66.99 | $123.20 | $107.80 |
9 | 55% | $61.40 | $112.93 | $98.82 |
10 | 50% | $55.82 | $102.67 | $89.84 |
11 | 45% | $50.24 | $92.40 | $80.85 |
12 | 40% | $44.66 | $82.13 | $71.87 |
13 | 35% | $39.07 | $71.87 | $62.89 |
14 | 30% | $33.49 | $61.60 | $53.90 |
15 | 25% | $27.91 | $51.33 | $44.92 |
16 | 20% | $22.33 | $41.07 | $35.93 |
17 | 15% | $16.75 | $30.80 | $26.95 |
18 | 10% | $11.16 | $20.53 | $17.97 |
19 | 5% | $5.58 | $10.27 | $8.98 |
20 | 0% | $0.00 | $0.00 | $0.00 |