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Benefits

Retiree Health Plans & Rates

Health Plans

Retirees under age 65 and those age 65 and over qualify for different health plans and rates. Retirees under the age of 65 are eligible for the same health plans that are available to active employees. Ages 65 and over are eligible for UK Medicare Carveout Classic which offers complete freedom to receive services from any provider who accepts Medicare. Retirees actively working at UK, regardless of any age, have the opportunity to receive reduced rates on their medical plan.

Over 65 - Medicare Carveout Plan - Rates

Under 65 Health Plan (Retired or Eligible to Retire Prior to 7/1/2007) Rates »

Under 65 Health Plan (Retired or Eligible to Retire on or After 7/1/2007) Rates »

Any Age - Actively Working at UK - Rates »

Rates

As indicated below, monthly health plan costs to retirees vary based on age, plan, and coverage, as well date of retirement eligibility.  

Age 65 or Over: 2014-15 Medicare Carveout Plan Rates

Benefits Structure

Medicare Carveout Premium
Health + Rx
Coverage Level 

Monthly Rate

UK Credit

Monthly Cost

Medicare Carveout 

Retiree

$294

$265

$29

Retiree + Spouse

$588

$265

$323

Surviving Spouse

$294

$133

$161

Under Age 65: 2014-15 Health Plan Rates for Individuals Retired (or Eligible to Retire) Prior to 7/1/07

Benefits Structure

Coverage Level

Monthly Rate

UK Credit

Monthly Cost

UK-HMO Lexington or UK-RHP Regional Health Plan

Retiree or Spouse Only

$740

$665

$ 75

Retiree + Child(ren)

$1,107

$665

$442

Retiree + Spouse

$1,476

$665

$811

Retiree + Family

$1,848

$665

$1,183

UK-PPO (Administered by Anthem)

Retiree or Spouse Only

$740

$665

$ 75

Retiree + Child(ren)

$1,107

$665

$442

Retiree + Spouse

$1,476

$665

$811

Retiree + Family

$1,848

$665

$1,183

UK-EPO (Administered by Anthem)

 

Retiree or Spouse Only

$941

$665

$276

Retiree + Child(ren)

$1,412

$665

$747

Retiree + Spouse

$1,884

$665

$1,219

Retiree + Family

$2,355

$665

$1,690

 

Under Age 65: 2014-15 Rates for Individuals Retired or Eligible to Retire On or After 7/1/07

To determine your individual rates, use our Under 65 Eligible to Retire After 7/1/07 Health Plan Rates Calculator »

Any Age: 2014-15 Rates for Retirees Actively Working At UK

Benefits Structure Coverage Level Monthly Rate UK Credit Monthly Cost

UK-HMO Lexington or UK-RHP Regional Health Plan

Retiree or Spouse Only $493 $466 $ 27
Retiree + Child(ren) $738 $466 $272
Retiree + Spouse $984 $466 $518
Retiree + Family $1,232 $466 $766
UK-PPO Administered by Anthem Retiree or Spouse Only $493 $466 $ 27
Retiree + Child(ren) $738 $466 $272
Retiree + Spouse $984 $466 $518
Retiree + Family $1,232 $466 $766
UK-EPO Administered by Anthem Retiree or Spouse Only $627 $466 $161
Retiree + Child(ren) $941 $466 $475
Retiree + Spouse $1,256 $466 $790
Retiree + Family $1,570 $466 $1,104

 

Eligibility

Read about the eligibility requirements for specific retiree medical plan benefits »

Enrollment

Print and complete the Retiree Benefits Enrollment form and return to:
Employee Benefits Office
112 Scovell Hall
Lexington, KY 40506-0064

Other Options

UK Indemnity

UK Indemnity is only available to those participants who live or travel out of state for extended periods of time. This plan offers the freedom to receive care from any physician for covered benefits. Read more »