Retirees

Medicare and Health Insurance

Retirees may continue medical coverage upon retirement if eligibility requirements for age and years of service under the Teachers’ Retirement System of Louisiana (TRSL) or Louisiana State Employees’ Retirement System (LASERS) are met. Members of TRSL’s Optional Retirement Plan must meet the eligibility requirements, as defined by the TRSL, to continue coverage.

If participation in a health plan through the State of Louisiana on or after January 1, 2002, the state subsidy of the premium after retirement will be based on the number of years participated in a Group Benefits program.

If a spouse and/or dependents began participating in a health plan through the State of Louisiana on or after July 1, 2002, the state subsidy of their premium after retirement (and upon death) will be based on the number of years they have participated in a Group Benefits program. The following schedule is used in determining the state’s subsidy of a retiree’s premium:

Years of Participation Percentage of Premium
Less than 10 years 19% of premium paid by State
10 years or more, but less than 15 years 38% of premium paid by State
15 years or more, but less than 20 years 56% of premium paid by State
20 years or more  75% of premium paid by State

Retirees may have the Health Insurance, AD&D and Prudential Life Insurance drafted out of their bank account through retirement. Click here for the Authorization Agreement for ACH Insurance Deductions. 

Supplemental  Insurance Plans

Vision

  • Retirees are able to continue their vision coverage for themselves and their eligible dependents.
  • The vision premium for retirees is equal to the vision premium for active employee.
  • If the retiree wishes to continue coverage, please notify the Benefits Service Department prior to retirement.

Dental

  • Retirees are able to continue their dental coverage for themselves and their eligible dependents.
  • The retiree premium is equal to the premium of an active employee.
  • If the retiree wishes to continue coverage, please notify the Benefits Service Center prior to retirement. 

Life Insurance*

  • Retirees are able to continue their life insurance coverage for themselves and their eligible family members through retirement at the same premium rate as an active employee.
  • Coverage will reduce for both life insurances at age 65 and 70.
  • OGB State Group life insurance is automatically continued through retirement.
  • OGB State Group life insurance premiums will be deducted from LASERS and TRSL retirement checks but will be billed by the LSU payroll office if they are retired from an ORP.
  • Retirees will have to complete the conversion form to continue the LSU System Life Insurance within 30 days of retirement.
  • Retirees will be billed for their LSU System Life Insurance premiums every three months regardless of what retirement system they retired from.

Long Term Care Insurance

  • Retirees are able to continue their long term insurance coverage for themselves and their eligible family members through retirement at the same premium rate as an active employee.
  • Retirees will have to complete the conversion form to continue the long term care insurance within 30 days of retirement.
  • Retirees will be billed for their long term care insurance premiums through UNUM directly.

Accidental Death & Dismemberment Insurance

Retirees may be able to continue AD&D coverage. This benefit is continued through retirement unless otherwise specified. If the employee wishes to discontinue coverage through retirement, the employee must submit in writing that they would like to cancel coverage with an effective date, employee's signature and LSU ID.

Long term Disability, Accident Protection and Critical Illness Insurance

Retirees are not able to continue these insurance plans through retirement.

Flexible Spending Accounts

Upon retirement, you may continue to submit claims. Claims must be filed within 30 days of the end of the month in which you retire or within 30 days of the end of the plan year, whichever is sooner. You may only submit claims for expenses incurred on or before the date of retirement.