I am retiring with less than 20 years; can I waive health insurance as an annuitant and become/remain a dependent on my spouse´s State of Illinois Group Insurance?
Effective September 1, 2003, Public Act 93-553 states if an employee is a dependent under their spouse´s state insurance at the time of the retirement, the employee can remain a dependent instead of returning to member status and paying prorated premiums for service time under twenty years. You will be allowed to retain life insurance coverage.
Related Questions
- I am retiring with less than 20 years; can I waive health insurance as an annuitant and become/remain a dependent on my spouse´s State of Illinois Group Insurance?
- Can I elect to opt out of State of Illinois Health Insurance and become a dependent of my spouse who has State insurance (or vice versa)?
- How long can a dependent child remain on my health insurance?
