ICUBA Retiree Plan
Whether you are leaving NSU to pursue new opportunities or 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 when separating service from the university.
Remember, if at any time you have questions just email loa@nova.edu, we're here to help!
ICUBA offers two health care plans to eligible employees who retire 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.
At age 65 the ICUBA Retiree Health Plan pays secondary to Medicare and will pay benefits based on the premise that Medicare Part B has been elected, regardless of whether or not you have actually elected Medicare Part B.
The ICUBA Retiree Medicare Supplement Plan is a supplement to your Medicare coverage.
If you are ready to enroll in the ICUBA Retiree Health Plan, you must complete the ICUBA Retiree Benefits Plan Opt-In form.
If you decline to elect an ICUBA Retiree Health Plan after separation, you will not be able to enroll at a later time.
Download the Retiree Eligibility Scenarios
Download the 2022-2023 ICUBA Retiree Medicare rates (Under & Over 65)
Dependent eligibility is based on your participation in a medical insurance plan at the time of your 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.