ASRS and ADOA Health Insurance
When you retire from Arizona State University, you are given the option of obtaining your post-retirement health insurance through the State of Arizona. You may choose plans available through the Arizona State Retirement System (ASRS) or the Arizona Department of Administration (ADOA) -- you have the choice regardless of where you retirement income will come from. There are Medicare Supplement plans for those who are Medicare-eligible. Programs all have an effective date of January 1.
You do not have to choose either of these, of course. See our article on Choosing Health Insurance for a discussion of how to choose.
- If you do not enroll in health insurance with ADOA at the time of retirement or if you drop all insurance, including dental insurance, from ADOA, you will lose eligibility -- i.e., you can never go back.
- There is no state subsidy for ADOA health insurance (i.e., nothing equivalent to the employer contribution that you had while employed).
- If you are receiving retirement income through ASRS and you choose health insurance through ASRS you are eligible for a Health Insurance Premium Benefit to supplement the cost of retiree health insurance. This benefit does not apply if you are receiving your retirement income from an "optional retirement program".
- If you are receiving retirement income through ASRS and you choose health insurance through ASRS, you may have your health insurance premium deducted from your pension.
Open enrollment is a period of time each year when you can sign up for health insurance or change the health insurance you have. Every insurance plan, including Medicare, has an open enrollment period. Your insurance carrier will make sure you know when theirs is. Medicare's is January 1 - December 7. If you are Medicare-eligible, you will be flooded with information from lots of companies advertising their Medicare and Medicare-Advantage plans in the months preceding open enrollment.If you don't sign up for health insurance during open enrollment, you probably can't sign up for or change health insurance until the next open enrollment period, unless you experience a qualifying event such as changing jobs or retiring, moving, getting divorced or married, or becoming a widow or widower.
Open enrollment periods for state agencies are typically not identical, but they are three weeks long in late October and early November. Before each open enrollment period, both State agencies provide information about the plans available for the coming year, including carriers, costs, options, and so forth. They provide the information in the form of booklets and information sessions. In October ASURA sponsors an information session pertinent to open enrollment, with presentations by people from both ADOA and ASRS.