Find out what Medicare premiums will be reimbursed to you.
Decide when Medicare will be your primary coverage
There are four parts to Medicare:
Generally, employees and retirees do not need to be concerned with Parts C and D coverage. NYSHIP retiree health insurance acts as supplemental coverage once a retiree is enrolled in Medicare Parts A and B. NYSHIP retiree coverage also contains credible drug coverage and therefore Part D enrollment is generally not required.
If you and your covered dependent(s) meet the following criteria, you may be eligbile to defer enrolling in Medicare Part B once you become eligible:
You must continue to meet these requirements in order to continue deferring Medicare Part B.
It is recommended that you or your dependent(s) enroll in Part A when you are eligible because it is free to insured individuals. Once you retire from the university, Human Resources can assist you with Special Enrollment Period (SEP) forms for Part B enrollment that you will take to your local Social Security office.
Medicare becomes your primary coverage once you are retired and eligible to enroll. Your NYSHIP health insurance becomes your supplemental coverage.
Medicare enrollment is specific to individuals. Medicare enrollment is based on the eligibility of you and your covered dependents.
Part A Medicare is free to insured individuals. There is a monthly cost for Part B Medicare which may be adjusted based on income. Social Security determines if you are charged at a rate higher than the base rate, called Income Related Monthly Adjustment Amounts (IRMAA).
Once retired, you may receive a reimbursement for the monthly cost of Medicare Part B from the NYS Department of Civil Service, Employee Benefits Division.
To ensure that you receive your reimbursement, use the Model Letter for Contacting the Employee Benefits Division to request reimbursement and include copies of your and your dependent's Medicare cards.