If you are enrolled in the following plans, coverage for you and your eligible dependents enrolled at the time of your retirement will automatically continue as long as you pay any applicable premiums:
Your participation in the Long-Term Disability and Dependent Life Insurance plans ends upon retirement. If you participate in a Health Care Flexible Spending Account, expenses incurred prior to the date of retirement are eligible to be reimbursed, unless coverage is continued under COBRA. If you participate in a Dependent Care Flexible Spending Account, expenses are reimbursed up to the balance in the account at the time of retirement for expenses incurred through the end of the plan year of participation.
Dependents Eligible for Coverage on U-M Retiree Benefits
Only eligible dependents covered on our benefits at the time you retire may continue to be covered during retirement. Covered dependent children may remain on your benefits up to the end of the month in which they turn 26. No one can be added to your U-M benefits after you retire.
Transitioning to Retiree Benefits
When you retire, your U-M employee benefits end on the 1st of the month following your retirement date, unless you retire on the 1st of the month, in which case your employee benefits end on your retirement date.
Retiree benefits for which you are eligible start the 1st of the month following your retirement date, unless you retire on the 1st of the month, in which case your retiree benefits start on the 1st of the month. See the publication Your Retirement Benefits for more information.
Retirees participate in annual Open Enrollment to make benefits changes, with changes effective January 1. However, you may not add new dependents after you retire. Plan costs may vary each year.
Faculty and Staff Assistance Program
As a retiree of the University of Michigan, you are eligible to utilize services provided by the Faculty and Staff Assistance Program (FASAP). FASAP professional counselors are available to help with issues of daily living or personal concerns you may be experiencing such as:
- Marital/Partner Issues
- Life Transitions
- Family Concerns
- Grieving the Loss of a Loved One
- Depression or Anxiety
- Alcohol or Drug Misuse
- Caregiver Concerns
FASAP counselors will meet with you, conduct an assessment and develop a plan of action which may include the following;
- Problem Resolution Services with a FASAP Counselor (Up to 5 Sessions)
- Referral (as appropriate to other community or University resources)
- Follow-up Assistance
For further information or to arrange an appointment, email email@example.com or call 936-8660.