How to Enroll for Retiree Medical Benefits
Your retirement is reported to Benefits and Retirement Operations through your Termination Notice, which you need to complete, or payroll report.
Benefits and Retirement Operations confirms your retirement status and notifies FBMC, who contacts you regarding benefit plan options.
You'll need to elect retiree medical benefits within 60 days after your coverage ends or within 60 days from the date of the FBMC letter notifying you of your options, whichever occurs later. If you elect retiree medical benefits, you must make the initial premium payment within 45 days of your election. If you don't make the initial premium payment within those 45 days, your coverage will be terminated. To expedite retiree medical coverage, you may attach your initial payment to the election form and return them both to FBMC.
All other premiums are due on the first of the month. Coverage automatically ends if payment isn't made within 30 days. FBMC will provide you with more detailed payment information when it first contacts you.
Because retiree medical benefits take effect on the first day after your county coverage ends, there's no lapse in coverage—self-paid benefits begin when county-paid benefits end, even if retroactive processing and payments are required. Your initial payment must include all applicable back premiums.
|