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Retiring or Separating Service

Whether you are leaving NSU to pursue new opportunities, or you're retiring to enjoy South Florida's sunny beaches, there are a few things you should know about your benefits once your employment ends. Below you'll find information and resources to help you navigate your benefits after separating service from the university, including: 

  • Continuation under COBRA
  • The ICUBA Retiree Health Plan
  • Public and Private Marketplace Exchange Coverage
  • Life Insurance Portability and Conversion

Remember, if at any time you have questions just email HR4U@nova.edu, we're here to help!

Continuation of Benefits Under COBRA

Benefits as an NSU employee end at midnight on your last date of employment. 

Notification for eligibility to continue coverage under the provisions of the Consolidated Omnibus Budget Reconciliation Act (COBRA) is sent via US Mail within 14 days of your last date of employment directly from ICUBA's administrator. COBRA provides continuation of coverage retroactive from the date of eligibility after the COBRA premium has been paid.

Continuation of coverage under COBRA is retroactive but not seamless.

Employees eligible for continuation of benefits under COBRA may experience gaps in coverage until premium has been received by ICUBA's administrator. If you elect to continue coverage under COBRA, your medical insurance will be reinstated retroactive from your loss of coverage after your first COBRA premium is received by Continuon.

Retiree and COBRA Eligibility Scenarios and Premium

Public and Private Marketplace Coverage

Employees separating from service at NSU may also be eligible to enroll in medical insurance through a public or private marketplace exchange.

Enrollment through the marketplace exchange is permitted under the following circumstances:

  • Within the first 60 days after losing coverage due to a loss of employment
  • The exhaustion of eligibility for coverage under COBRA (typically after 18 months)
  • During any ACA annual open enrollment period which begins each November. 
For more information visit the public marketplace exchange online at https://www.healthcare.gov,  or ICUBA’s private marketplace exchange available at www.GetInsured.com/ICUBA.
ICUBA Retiree Health Plan

ICUBA offers two health care plans to eligible employees retiring from NSU.

The ICUBA Retiree Health Plan is the same plan available to active employees. In order to be eligible, you must have been enrolled in coverage for at least 3 consecutive months prior to your separation and have a combination of age and years of service that equals 65 in order to be eligible for participation.

At age 65 the ICUBA Retiree Health Plan pays secondary to Medicare and will pay benefits based on the premise that the retiree elected coverage under Medicare Parts A and B, regardless of whether the retired participant actually has.

The ICUBA Retiree Medicare Supplement Plan is a supplement to Medicare parts A and B. 

At age 65 the ICUBA Retiree Medicare Supplement Plan pays secondary to Medicare. Benefits will be paid based on the premise that the retiree elected coverage under Medicare Parts A and B, regardless of whether the retired participant actually has.

If you decline to elect an ICUBA Retiree Health Plan after separation, you will not be able to enroll at a later time.

Retiree and COBRA Eligibility Scenarios and Premium

Dependent Eligibility in the ICUBA Retiree Health Plan

Dependent Eligibility is Based on Your Participation at Retirement

If you cover only yourself at the time of retirement you will only be able to elect coverage for yourself and will not be able to elect coverage for your spouse or domestic partner in the the ICUBA Retiree Health Plan.

If you cover yourself and your spouse or domestic partner at the time of retirement you will be able to elect coverage for  both you and your spouse or domestic partner, or you would be able to elect coverage for yourself in the ICUBA Retiree Health Plan. 

Retiring under 65

If you retire before attaining age 65 you will be offered the ICUBA Retiree Health Plan  or the option to continue coverage under COBRA. You can also explore options on a public or private marketplace exchange. 

With a spouse/domestic partner over 65

Your spouse or domestic partner: If your spouse or domestic partner is age 65 or older he/she will be offered a choice to remain on the ICUBA Retiree Health Plan or switch to the ICUBA Retiree Medicare Supplemental Plan.

You: If you are under 65 and were enrolled in the ICUBA Health Plan during the 3-month period immediately prior to your date of retirement you will be offered the ICUBA Retiree Health Plan.

Retiring over 65

If you are age 65 or older you will be offered the ICUBA Retiree Health Plan2 , the ICUBA Retiree Medicare Supplemental Plan, or the option to continue coverage under COBRA. You can also explore options on a public or private marketplace exchange.

With a spouse/domestic partner under 65

Your spouse or domestic partner: If your spouse or domestic partner is under 65 he/she will be offered the ICUBA Retiree Health Plan that he/she was enrolled in during the 3-month period immediately prior to your date of retirement.

You: If you are age 65 or older you will be offered a choice to remain on the ICUBA Retiree Health Plan or switch to the ICUBA Retiree Medicare Supplemental Plan. 

Request a Certificate of Creditable Coverage

What is a certificate of creditable coverage?

Generally, creditable coverage is credit for the amount of time previously enrolled in creditable health coverage when moving from one employer plan to another or when moving from an employer plan to an individual policy. A certificate of creditable coverage provides information about prior coverage for the purpose of reducing the amount of time a plan can apply a preexisting condition exclusion. 

Who supplies the certificate of creditable coverage?

Generally, plan administrators, issuers, and individual insurance companies are responsible for issuing certificates of creditable coverage. For employees separating service from NSU, ICUBA and their administrators will provide the certificate via US Mail. 

When will the certificate be issued?

Generally, the certificate must be furnished automatically to an individual or qualified beneficiary within a reasonable amount of time after a loss of coverage. 

How can former employees request a certificate?

Employees who have separated service and eligible covered dependents of employees who have separated service, can request  a certificate of creditable coverage by contacting ICUBA via phone at 866-377-5102 or via email at benefitsadministration@icuba.org

Life Insurance Portability and Conversion

Employees separating service from NSU may be eligible for portability or conversion of their basic and optional term life insurance through Reliance Standard. Portability or Conversion options are unique for each NSU employee. 

If you are separating from NSU and would like to explore your options, follow the steps outlined below.

  1. Contact the Reliance Standard Customer Service department within 30 days of separation or retirement. 
  2. Complete and return the necessary application to Reliance Standard.
  3. Remit the necessary premium payment to Reliance Standard when due (if you are eligible).

Contact Reliance Standard
Group Life Policy Number: GL 152576
P.O. Box 7698
Philadelphia, PA 19101-7698
By phone: 1-800-351-7500
By fax: 1-267-256-3518

Review NSU's Group LIfe Policy Certificate

Voluntary Benefit Continuation

Voluntary benefits such as AFLAC Supplemental Insurance, LegalShield, and Whole Life Insurance from MassMutual may be converted to individual policies. Please contact the providers directly if you would like to arrange for individual coverage.

AFLAC participants should contact Joe Evans at 954-560-6000.

LegalShield participants should contact Kelly Rheault at 954-214-0327.

Employees enrolled in Mass Mutual’s Whole Life Insurance benefit will be sent a direct bill for their coverage via US Mail. Payment will be made directly to Mass Mutual Should you choose to maintain an individual policy after separation.

Keep in Mind

Benefits at NSU end on your last day of employment. Electing coverage under COBRA or an ICUBA Retiree Health Plan is possible after your separation from NSU. You will have a gap in coverage until you make an election and submit premium payment to ICUBA’s COBRA or Retiree Health Plan administrator. 
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