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Early Retirees

Upon retirement, eligible employees between the ages of 55 and 65 who have at least 15 years of creditable employment with a public employer (10 of which shall have been completed immediately preceding retirement) are offered early retiree insurance to continue their State insurance until they become eligible for Medicare. Complete eligibility requirements can be found in IC 5-10-8-8 or in the Benefiting You handbook. Eligible retirees will have 90 days from their retirement to elect early retiree insurance coverage.

PlanCoverageEarly Retiree Insurance Rate (2021)
CDHP 1Single
Family
$618.19
$1,711.88
CDHP 1 w/ Non-Tobacco Use IncentiveSingle
Family
$542.36
$1,636.05
CDHP 2Single
Family
$674.57
$1,871.48
CDHP 2 w/ Non-Tobacco Use IncentiveSingle
Family
$598.74
$1,795.65
TraditionalSingle
Family
$853.97
$2,410.33
Traditional w/ Non-Tobacco Use IncentiveSingle
Family
$778.14
$2,334.50
Wellness Incentive Rates  
CDHP 1Single
Family
$586.99
$1,618.28
CDHP 1 w/ Non-Tobacco Use IncentiveSingle
Family
$511.16
$1,542.45
CDHP 2Single
Family
$643.37
$1,777.88
CDHP 2 w/ Non-Tobacco Use IncentiveSingle
Family
$567.54
$1,702.05
TraditionalSingle
Family
$822.77
$2,316.73
Traditional w/ Non-Tobacco Use IncentiveSingle
Family
$746.94
$2,240.90
   
DentalSingle
Family
$25.35
$66.56
VisionSingle
Family
$4.68
$11.44

Additional Information

SECURIAN

Employees previously insured under the State of Indiana Term Life and Basic AD&D insurance program may elect to continue all or a portion of their in force insurance, as well as any in force insurance for dependents. Please contact Securian at 1-866-365-2374 if you have additional questions.

Differences between converting and porting your life insurance can be reviewed in the Porting Life Insurance file.

Porting Life Insurance Coverage: You may download the form or you may request continuation forms from Securian.
Conversion/Election to Transfer Life Insurance Coverage: You may download the form or you may request continuation forms from Securian.

The completed application must be received by Securian within the requested timeframe.

Additional Links

Post-Early Retiree Insurance