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Benefits

555 S. Howes Street, Second Floor
Fort Collins, CO 80523-6004

(970) 491-MyHR (6947)

DCP Retirees

Faculty & Admin Professional

Retiree Medical Premium Refund Plan (Refund Plan)

The University will contribute towards the cost of the retiree only portion of medical insurance coverage if you have out-of-pocket costs not reimbursed through any other entity.  You may apply this premium refund to any medical plan of your choosing, including Medicare.  The maximum amount of the refund is $200 per month for retirees with 20 years or more of benefit eligible University service, prorated for those who have at least 5 years but less than 20 years of benefit eligible service.

It is your responsibility to notify the CSU Benefits Office of:

  1. Your initial enrollment in the Refund Plan to begin the refund (you will be required to certify your medical plan and amount of the out-of-pocket costs for your medical insurance coverage);
  2. Any subsequent changes affecting your enrollment in the Refund Plan including changes in medical plan, premium costs, home address and bank routing information within 30 days of the effective date of the change, and:
  3. Your continued enrollment in the Refund Plan on an annual basis.
    1. A recertification notice will be mailed to your last address of record at the end of each calendar year.
    2. You must complete and return the re-certification to the address listed in the notice by the due date or your Refund plan will be automatically ended.

If your enrollment in the Refund Plan  terminates  for any reason and you wish to re-enroll at some point in the future, your Refund Plan will not be re-instated until you notify the CSU Benefit Office of your subsequent eligibility and complete the proper certification forms. The Refund Plan will not begin or be re-instated until the first of the month following receipt of the required enrollment verification.  No retroactive payments will be made.

Note

The University cannot, under Federal law and regulation applicable to this medical premium refund benefit, provide a refund in excess of the actual cost of the retiree’s medical coverage.  The actual cost of the retiree’s medical coverage means the actual premium amount required to provide the retiree medical coverage and cannot include premium amounts for a spouse and/or dependents’ medical coverage and/or for dental/vision coverage premiums.