Health
WKU Coverage End Date:
Last day of the month of separation.
Continuation, Portability or Conversion Options of Existing Coverage:
- COBRA continuation coverage – Generally lasts for 18 months but may be extended up to 36 months in certain circumstances. WKU’s third-party administrator, Employers Risk Services (ERS), will send a notification letter to employees after separation. See COBRA rates.
Possible Post Separation Insurance Options:
- Spouse’s employer-based coverage. If your spouse/partner is enrolled in a different employer group health plan, he/she has up to 30 days from the date of the qualifying event – that results in the loss of coverage – to add you to his/her coverage.
- KERS/TRS
- Health Insurance Marketplace – Losing job-based coverage qualifies you for a Special Enrollment Period (SEP). This means you can enroll in a health plan outside of Open Enrollment (Nov.1 – Dec. 15). You can apply to the Marketplace with a SEP any time from 60 days before and 60 days after your separation date.
- Medicare (if eligible)
- Individual policy through an insurance Broker or Agent
Insurer/Administrator's Contact Information:
Kentucky Retirement Systems
Website: https://kyret.ky.gov
Phone: 1-800-928-4646
Teacher’s Retirement System Kentucky
Website: https://trs.ky.gov
Phone: 1-800-618-1687
Employer Risk Services (ERS)
Phone: 270-781-2020
Health Insurance Marketplace
Website: www.HealthCare.gov
Phone: 1-800-318-2596
Medicare
Website: https://www.medicare.gov
Phone: 1-800-633-4227
Enroll: Contact local Social Security Office
Health Savings Account (HSA)
WKU Coverage End Date:
Last day of the month of separation.
Important Information:
Unspent funds in an HSA belong to the employee. Funds may remain with HealthEquity to be spent on future healthcare expenses, be rolled to a new employer’s HSA, or taken as a cash distribution (subject to applicable taxes/penalties). A $3.95 monthly administration fee will be charged if you maintain a balance with HealthEquity. If the HSA balance is above $2,500.00, the administration fee is waived.
Important IRS rules regarding Medicare and Health Savings Account (HSA). See downloadable handout below.
Medicare Eligibility and your HSA:
Insurer/Administrator's Contact Information:
Health Equity
Website: www.healthequity.com
Phone: 877-713-7712
Email: memberservices@healthequity.com
Account Mentors: 866-346-5800
Health Reimbursement Arrangement (HRA) and Flexible Spending Account (FSA)
WKU Coverage End Date:
Last day of the month of separation.
Important Information:
Your HRA/FSA HealthEquity debit card will be deactivated upon your Separation date. You have 60 days from the Separation date to submit expenses incurred between your plan’s start date and end date. After 60 days, remaining balances will be forfeited.
Claim reimbursement requests during the 60-day run-out can be submitted in HealthEquity’s Member Portal or Mobile App.
Insurer/Administrator's Contact Information:
Health Equity
Website: www.healthequity.com
Phone: 877-713-7712
Email: memberservices@healthequity.com
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