Reading Time: 5 minutes The state of Kentucky has multiple retirement systems in place for employees who work for the state government. who dies as a direct result of an act in line of duty as defined in this section or Since benefit fairs are being done virtually this year, this link lets you view the video of TRS’s presentation. Children Eligible for Coverage: Pursuant to the Affordable Care Act, children are eligible to remain covered by the parent or guardian’s health insurance until the first day of the month following their 26th birthday regardless of marital status. *In order to be eligible for health insurance benefits, you must have 120 months of service upon retirement. You should contact your retirement system to … Solely in the case of a member Apply once for insurance coverage terms that equal one day less than 3 years. Senate Bill 104 Frequently Asked Questions, 2020 KPPA Medicare Humana Benefits Presentation, Humana 2020 KPPA Comprehensive Drug Lists, Find Medicare medical benefits and copayments for 2020, MAPD Essential Evidence of Coverage (EOC), Form 6256  - Designation of Spouse and/or Dependent Child for Health Insurance Contribution, Form 6200 PY2020 - Medicare Eligible Insurance Application, Form 6256 - Designation of Spouse and/or Dependent Child for Health Insurance. Please contact Humana for information about these programs. The Unofficial WWW Version of the Kentucky Revised Statutes are published and maintained by the Kentucky Legislative Research Commission.In order to view and or print many of the documents on the Legislative Research Commission's site, you will need to have the Adobe Acrobat Reader software installed on your computer. Kentucky Retirement Systems Insurance Trust Fund Info: Size ($ in 1000's) At 12/31/2020: $881,685 At 09/30/2020: $0 Kentucky Retirement Systems Insurance Trust Fund holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Kentucky Retirement Systems Insurance Trust Fund 13F filings. * Or began Participating with KPPA on or after September 1, 2008.**. Silver Sneakers can help you get fit the way you want by providing you access to fitness locations nationwide. At age 65, the retired teachers qualify for … Establishing Eligibility: To establish your child’s eligibility for the hazardous contribution toward health insurance for 2020, you must certify the child’s eligibility on a completed Form 6256  - Designation of Spouse and/or Dependent Child for Health Insurance Contribution. Kentucky Retirement Systems (KRS) Medical Only Plan (No prescription coverage through KRS) Plan benefits for covered services are applicable after Medicare Parts A & B benefits have been applied. Benefits information above is provided anonymously by current and former Kentucky Retirement Systems employees, and may include a summary provided by the employer. üÏsÃ~üD|uúöl2“JûïÞ! 161.677 Kentucky Teachers' Retirement System insurance trust fund. While the medical insurance account for our state legislators is over-funded at a whopping 255%, the TRS medical insurance account for retired teachers is funded at only 46%. **In order to be eligible for health insurance benefits, you must have 180 months of service upon retirement. ... $70 million to the Teachers’ Retirement System’s Medical Insurance Fund. 2011 Kentucky Revised Statutes CHAPTER 161 SCHOOL EMPLOYEES -- TEACHERS' RETIREMENT AND TENURE 161.675 Hospital and medical benefits and health insurance coverage for eligible recipients of retirement allowances from Teachers' Retirement System -- Applicability to individuals becoming members on or after July 1, 2008 -- Health insurance supplement payments -- Coverage for spouses, … If you have additional questions call KPPA at 1-800-928-4646 (Toll Free) or 502-696-8800 (Frankfort). For Plan Year 2020​, the spouse and each dependent child of retired hazardous members of KERS, CERS, and SPRS, as well as some disabled members, may be eligible to receive an insurance contribution based upon the retired member’s service. Need more details click here. By Reg Jones on October 22, 2013 Coverage after retirement, FEHBP, HEALTH INSURANCE, Open season, self and family, self only, spouse benefits Q. An additional preventative dental benefit has been added for individuals enrolled in the Medicare Advantage Premium and Medicare Advantage Essential plans for 2020. i.e. The Kentucky Employee Health Plan is a public health plan offered to all public employees in Kentucky. See FAQ's. KRS Health Insurance Benefits • Under age 65 – Insured in the Kentucky Employee Health Plan for active employees – KRS pays the premium depending on eligibility • Medicare-eligible – KRS provides a Medicare wrap to ensure benefits are equal to active employees – Self-insured by KRS Contact KPPA; Careers at KPPA; Directions to KPPA; Open Records; Report Fraud; Current Solicitations; Facebook; Twitter; YouTube If you do not have Part B, your premium amount may be higher. TRS has two videos to help with open enrollment. The Board of Trustees sets the contribution plan and the contribution rates for the Medicare KPPA retiree health plans. 3.7.5.2 KTRS/KERS. HAZARDOUS DUTY RETIREES WITH HEALTH INSURANCE DEPENDENTS MUST FILE A i.e. Participation begins the first day of employment for all classified employees The retirement systems Kentucky offers for public employees are divided into three groups: Kentucky Retirement Systems (KRS), Kentucky Judicial Form Retirement System (KJFRS) and Teachers’ Retirement System of Kentucky (TRS). (In some cases, disabled dependents can be carried past their 26th birthday.). The Dollar Contribution will increase by 1.5% on July 1st. You will receive $137.80 per month towards health insurance premiums. Kentucky Retirement Systems (KRS) members’ dedication to improving their health is also improving the health of the Systems’ Insurance Trust Funds. if you began participating September 1, 2003 in a nonhazardous position until September 30, 2008 (5 years x $13.78 = $68.90), and then began participating October 1, 2008 in a hazardous position, and retired effective November 1, 2013 (5 years x $20.68 = $103.40), you will receive $172.30 per month towards health insurance premiums ($68.90 + $103.40 = $172.30). You must have Medicare Parts A and B. Retired members with children who do not meet this definition may be able to cover their children under the KEHP plan, but will not receive a contribution amount toward the coverage of those children. You have several different ways to pay the premium. if you began participating September 1, 2003 in a hazardous position, and retired effective October 1, 2013 you would receive $206.80 per month towards health insurance premiums. • Limited to 12 months between KERS, CERS and SPRS for purposes of determining monthly benefits. An ex-spouse is not eligible to remain on your plan. FORM 6256 EVERY YEAR EVEN IF THE OPEN ENROLLMENT IS NOT MANDATORY. Please contact Humana for information about these programs. KRS Retirees are now eligible for Delta Dental coverage! Additionally, you must certify that you will immediately provide KPPA written notification when your child no longer qualifies. Pursuant to Kentucky Revised Statute 16.505(17), “Dependent child” means Dependent Eligibility & Verification for Health Insurance For Haza​​rdous Duty Retirees with Health Insurance Dependents child in the womb and a natural or legally adopted child of the member who has neither attained age eighteen (18) nor married or who is an unmarried full-time student who has not attained age twenty-two (22). The board chose the Humana Medicare Advantage Premium plan as the contribution plan with a maximum contribution rate of $252.51 for those retirees with 240 or more months of service. Participation in the insurance program is optional and requires the completion of the proper forms at the time of retirement in order to obtain the insurance coverage. Spousal Coverage: If your spouse has health insurance under your account, a Form 6256  - Designation of Spouse and/or Dependent Child for Health Insurance Contribution must be completed and submitted to KPPA before the beginning of each plan year, or immediately following a qualifying event, for your spouse to receive the hazardous contribution toward health insurance for that plan year. If you have a partial year of hazardous service and a partial year of nonhazardous service, they can be combined to equal a full year, you will receive 1 year of nonhazardous service. If you fail to submit the form Assets of the trust fund The information on this page will help guide you in making a sound decision on what your insurance premium will cost you in 2020. The Systems provides access to health insurance • Does not count toward retirement eligibility or health insurance. Kentucky Retirement Systems 4 The Systems provides group rates on medical insurance and other managed care coverage for retired members. For service in a nonhazardous position, you will receive a monthly dollar contribution of $13.78 for each year of service per month. Kentucky Retirement Systems is responsible for the investment of funds and administration of pension and health insurance benefits for over 386,000 active and retired state and local government employees, state police officers, and nonteaching staff of local school boards and regional universities. YOU WILL NOT RECEIVE PREMIUM CONTRIBUTIONS for your legal spouse or eligible dependents If you submit the form after Jan 1, you will only receive reimbursement of premiums for the 90 days prior to the receipt of the Form 6256  in Plan Year 2020. Retiree Health Insurance As a retiree under the Kentucky Retirement System, the Teachers' Retirement System, KCTCS, or under the legislative or judicial retirement systems, you may be able to participate in the Kentucky Employees' Health Plan (KEHP). All assets received in the trust fund shall be deemed trust funds to be held and applied solely as provided in this section. If you began participating on or after July 1, 2003, please read the information below. Service Credit-Dollar Contribution Level Amount ($20.68*) x Years of Service = Amount KPPA Pays, $20.68* x 10 (let's say you have 10 years of service for this example) = $206.80, Service Credit-Dollar Contribution Level Amount ($13.78**) x Years of Service = Amount KPPA Pays, $13.78** x 10 (let's say you have 10 years of service for this example) = $137.80​. Sick leave billed to individual CERS employer. i.e. Kentucky Public Retirees officers and board members are all retired Kentucky government employees who volunteer their time. … Health insurance coverage for multiple years. If you are receiving a monthly retirement benefit, that qualifies you to receive a Health Insurance Percentage contribution and also receiving a monthly retirement benefit that qualifies you to receive a Health Insurance Dollar contribution, please contact the Retirement office for help calculating your cost. if you began participating September 1, 2003 in a nonhazardous position, and retired effective October 1, 2013, you would receive $137.80 per month towards health insurance premiums. Learn about Kentucky Retirement Systems , including insurance benefits, retirement benefits, and vacation policy. • Last participating employer in KERS/SPRS pays total cost. KTRS RTW Retiree Health Insurance Coverage Rules: • Apply to retirees at any age (over and under age 65); • Apply if the RTW Retiree is “regularly employed” and eligible for health insurance with the active employer [KRS 18A. The Kentucky Employees Retirement System (KERS) was created in 1956 by the Kentucky General Assembly in order to supplement the benefits provided by Social Security. Without proper notification and documentation, you will be required to reimburse KPPA for premiums paid on behalf of an ex-spouse who is no longer eligible for health insurance under your account. Kentucky Retirement Systems is responsible for the investment of funds and administration of pension and health insurance benefits for over 386,000 active and retired state and local government employees, state police officers, and nonteaching staff of local school boards and regional universities. retirement benefits. Any Community College employee that has retired under the UK benefits will be ineligible for the health insurance credit available through employment under the KCTCS personnel system. Humana Wellness Programs for Medicare Eligible Retirees. 2021 KEHP HEALTH INSURANCE INFORMATION Open enrollment for 2021 was Oct. 12-28, 2020, and was not mandatory. However, before earning retiree medical benefits, teachers are covered under a statewide health insurance system known as the Kentucky Employee Health Plan (KEHP). The iView is not compatible with your browser, operating system, or device. You must submit a new health insurance application with your ex-spouse removed (or a signed written statement to completely cancel a plan) to this office as soon as the divorce is final. KRS Retirees. If you have hazardous and nonhazardous service, you will receive contribution based on the amount of full years of service for each. Hazardous duty retirees MUST submit a Form 6256  - Designation of Spouse and/or Dependent Child for Health Insurance Contribution. You should also contact Medicare if you have questions. KPR currently has 15 local Chapters which cover every Kentucky county and generally will meet monthly. You will be required to reimburse KPPA for premiums paid if you make a false or incorrect certification that a child meets the eligibility requirements or if you fail to immediately notify KPPA when a child no longer meets the eligibility requirements. i.e. The County Employees Retirement System (CERS), a part of the Kentucky Retirement Systems (KRS), provides retirement benefi ts to most city employees. The Dollar Contribution will increase by 1.5% on July 1st. (Note-Premium calculation for percentage contribution is based on service credit for Hazardous Duty or Nonhazardous Duty retirees or beneficiaries who began participation prior to 7/1/2003). Access to Affordable Health Insurance. For example if you have 240 months (100%) of Service Credit-Contribution, elect the KPPA Premium Plan, and do not have Medicare Part B, you would still have an additional premium payment of $62.25. When the first actuarial valuation was completed June 30, 1957, there were 16,000 employees participating in KERS and assets of $2.8 million. If you submit the required certification and your child is an eligible “dependent child” pursuant to Kentucky Revised Statute 16.505(17), the contribution will be made for the applicable plan year. An Official Website of the Commonwealth of Kentucky. This certification form must be completed annually to receive the contribution. Please call KPPA if you have questions. Please be advised that under the Medicare Secondary Payer (MSP) Act, in certain circumstances, a Medicare eligible retiree's reemployment with a participating agency of the Kentucky Public Pensions Authority will All rights reserved. If you don't have Part B, your premium amount may be higher. Contact your system administrator for more information. Combined, the Kentucky Retirement Systems (KRS) and Teachers’ Retirement System (TRS) retiree health plans have 47.9 percent of the assets they need to pay future benefits. (1) (a) The Kentucky Teachers' Retirement System insurance trust fund is hereby created. The Board of Trustees sets the contribution plan and the contribution rates for the Medicare KPPA retiree health plans. Kentucky’s retiree health plans are in much better condition than most similar plans across the country. No significant changes are anticipated in the cost of single coverage for either the Kentucky Employees Health Plan (KEHP), which is for retirees under 65 and not Medicare-eligible, or the Medicare Eligible Health Plan (MEHP) for retirees age 65 and over. TriTerm Medical Insurance, 2 underwritten by Golden Rule Insurance Company, is short term health insurance that offers coverage for preventive care, doctor office visits, and prescriptions. A¦È+™2jLn¼ÑŸ‡ª¼O¥¶QñÀê…׿‚õJŠT. Kentucky is likely to report a revenue surplus June 30. These systems are funded by Kentucky Retirement Systems (KRS), which serves hundreds of thousands of employees and retirees.Though it’s a multi-billion dollar system, KRS is notoriously underfunded. 1-855-267-1935 (TTY: 711). PROHIBIT KPPA from offering or continuing to offer retiree coverage under the Humana Medicare Advantage Plan. The Teachers’ Retirement System is a defined benefit retirement plan that pays a defined amount upon retirement based on length of service and final average salary of the employee, along with a retirement multiplier. 225(1)]; • Apply whether the retiree is covered by KEHP or by a TRS retirement eligibility is determined by the employee’s age and years of service. A copy of the Dissolution of Marriage must be provided to KPPA as soon as that is available. The board chose the Humana Medicare Advantage Premium plan as the contribution plan with a maximum contribution rate of $252.51 for those retirees with 240 or more months of service. © 2021 Commonwealth of Kentucky. Example: If you submit the form June 3, 2020, you will receive reimbursement for March - May 2020. Requirements for health insurance coverage in retirement are established by state statute. Plan pays for services that are Medicare covered. CERS is a defi ned-benefi t contribution retirement plan funded only by local governments and their employees. The Kentucky Department of Education (KDE) funds the state paid benefits for the Local School Board Employees for Health Insurance, Life Insurance, Administrative Fees, Health Reimbursement Accounts (HRA) and the Administrative Fee for the Flexible Spending Accounts. The state subsidy helps cover health insurance costs for nearly 10,000 teachers under age 65 who have retired since July 1, 2010. KRS consists of the most, and includes the KERS-H, KERS-NH, CERS-H, CERS-NH and SPRS plans. Could not open iView. Only retirees enrolled in the Medicare Advantage Essential or Premium plans may take advantage of the Silver Sneakers benefit. Please contact KPPA if you have ​questions about this. Individual CERS employer billed for cost. Visit our website at https://kyret.ky.gov Please contact KRS if you have questions. We are trying to determine whether or not my husband, a federal employee, must have self-and-family coverage on the date he retires to have a spouse covered under his health/dental/vision plans. For service in a hazardous position, you will receive a monthly contribution of $20.68 for each year of service per month. {£ãÃTâi8ê~Ê Iá*B2E*“@#2e who dies as a result of a duty-related injury as defined in Kentucky Revised Statute 61.621, “dependent child” also means a naturally or legally adopted disabled child of the member, regardless of the child’s age, if the child has been determined to be eligible for federal Social Security disability benefits or is being claimed as a qualifying child for tax purposes due to the child’s total and permanent disability; (See 105 KAR 1:410). Learn about the new dental coverage. Step-children, foster children, and children for whom you have been named guardian may also remain on the plan until the first day of the month following their 26th birthday. ÿ™B QIÿØo§*¶ÎmÝTlÍTlÝ $['gSÅvºíôp[;;[èࠁ±Ñ ¾ "|íê51ðöö*3\ñ»?Åîáõ>š‚‚ÁbnÀ>Ä䁶¹=XÍ¿>A;!`eâkׄùÿ%õÿ¼8–TF!ʇÁ’S), ¡.òs›»˜ï¸•7oÏò­( 7)‹&•ƒN I¬ÙËÁ¢É)‹†ã󇁭PqÑ&ÞùŠ¶ 0A„$Øü‚A ‘h²„€[É)|Å1ìZ"?? "Ÿòæow‰±¤‰$ƒ@¢Û™’q Û0ÈðÓlXÿ‘fŽ%‰lC"Òà'“l˜L"™f±Êr2ÆJ'Ó%C±aЉT,™jC–&“„¸&Pzw©±Ò!g)Ϗ–.–2®‘’ùHă" ¿¤Ï'S6dxÔÉx¶|ïè¹?âÿÿ#­ô~Ò®”^.m(í*gËÿFzqˆô1Á2,XÆ%²U 6ðäG>%9rÿüy¡täe▥`³ehHèOˆžB(¢[d>'BðS„Ä"ÛPG×LYڅxH•’ÊMþѐ)[³ÿéiCâO$Äo4]"–«'l{£Tèßí2Ä€Í5‰Å ¢ƒ ?Œ8ñà if you have 9 years and 6 months of nonhazardous service and 6 months of hazardous service, your insurance contribution will be based on 10 years of nonhazardous service. Use this guide if you are receiving benefits, were hired July 1, 2003 or later, and began participating with KPPA between August 1, 2004 and August 31, 2008. Retiree Health Plan Committee; CERS Investment Committee; KRS Investment Committee; CERS Finance Committee; Actuarial Subcommittees; Old Investment Minutes; Legislative Updates; Board Elections; KPPA-FYI; Former KRS Board; Legislative Updates; Contact . The oldest and largest dental insurance carrier in Kentucky with the largest dentist networks now offers you a choice of two dental programs. Note: The Humana Medicare Employer PPO plans (Essential, Premium) are Medicare Advantage plans. If you divorce a spouse who is covered by health insurance under your KPPA account, you must notify our office promptly. Our group was organized in 1983 and has been working for you since.