Retirees

Health Insurance

Retirees may continue medical coverage upon retirement if eligibility requirements for age and years of service under TRSL or LASERS is 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 began 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 dependent 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 premiums drafted out of their bank account through retirement by completing the following form and submitting to Payroll:

Vision Insurance:

  • Vision Insurance coverage may be continued through retirement without a change in premium.
  • if the employee wishes to continue coverage, the respective forms will be mailed to the retiree directly from the insurance provider with instructions for submission. 

Dental Insurance:

  • Dental Insurance coverage may be continued through retirement without a change in premium.
  • if the employee wishes to continue coverage, the respective forms will be mailed to the retiree directly from the insurance provider with instructions for submission. 

Life Insurance:

LSU System Life:

  •  If you are retiring, but would like to continue your Term Life Insurance coverage, you may continue coverage if you are under age 70 by completing the following form and submitting it directly to the insurance provider within 31 days of the date of retirement:
  • If you are over age 70 you may convert your coverage to a whole life policy by completing the following form and submitting it directly to the insurance provider within 31 days of the date retirement:

OGB - State Group Life: 

  • Term Life Insurance coverage automatically continues through retirement at the same premium rates. However, prior to retiring, the employee should inform HRM that he/she intends to maintain the coverage into retirement. 
  • Premiums will be deducted from LASERS and TRSL retirement checks.
  • Retirees may have the premiums drafted out of their bank account through retirement by completing the following form and submitting to Payroll:
  • On January 1st at age, 65, a 25% reduction from the original coverage amount will occur.
  • On January 1st at age 70, an additional 25% reduction from the original coverage amount will occur. 

Accidental Death & Dismemberment (AD&D):

Stand Alone AD&D automatically continues through retirement without a change in premium. However, prior to retiring, the employee should inform HRM that he/She intends to maintain the coverage into retirement.

  • Retirees may have the premiums drafted out of their bank account through retirement by completing the following form and submitting to Payroll:
  • If the employee wishes to discontinue coverage through retirement, the employee must submit in writing that he/she would like to cancel coverage with an effective date, employee's signature, and LSU ID.

Long-Term Disability:

  • Long-Term Disability Insurance coverage cannot be continued into retirement. 

Accident Protection:

  • Accident Protection Insurance coverage cannot be continued into retirement.

Critical Illness:

  • Critical Illness Insurance coverage cannot be continued into retirement. 

Identity Protection:

  • Identity Protection coverage may be continued through retirement without a change in premium.
  • If the employee wishes to continue coverage, the respective forms will be mailed to the retiree directly from the insurance provider with instructions for submission. 

Long-Term Care:

  • If you are retiring, but would like to continue your Long-Term Care Insurance coverage, you may continue coverage by completing the following form and submitting it directly to the insurance provider within 30 days of the date of 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.