Retired Employees Premium Sharing
As a retired employee, UT and the State of Texas will pay 100% of your premiums for the basic coverage package, and up to 50% of the premiums for your dependents' medical coverage. You are responsible for all optional coverage premiums.
If you are a benefits-eligible retired employee and can provide proof of current medical coverage from another source, you may waive the basic coverage package and use 50% of the state premium sharing to purchase Dental and/or Vision Coverage. If you waive, you will not be enrolled in Basic Group Life Insurance or be eligible for the Living Well Program as those are a part of the Basic Coverage Package.
Your Monthly Premiums (Plan Year 2023-2024)
| PLAN | TOTAL PREMIUM | INSTITUTION & STATE PAY |
YOUR COST |
| UT SELECT Medical FULL-TIME | |||
| RETIREE | $725.80 | $725.80 | $0 |
| + SPOUSE | $1,396.94 | $1,106.24 | $290.70 |
| + CHILD(REN) | $1,273.26 | $969.22 | $304.04 |
| + FAMILY | $1,924.40 | $1,351.94 | $572.46 |
