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 HR4U@nova.edu, we're here to help!
Retired from NSU? Now it is your time to pursue knowledge at the Nova Southeastern University Lifelong Learning Institute (LLI), where learning never stops!
Stimulate your brain with lectures taught by professors and experts in history, politics, music, science, world culture, and much more! visit them on the web at www.nova.edu/lifelonglearning.
NSU retirees receive a 10% discount off the regular LLI rates (full-year: $535 instead of $595; half-year: $432 instead of $480. Couple memberships and discounts are also available). Potential members are welcome to try a few classes at no cost.
For more information, to register in person, or to receive a private registration link reserved for NSU retirees, call 954-262-8471 or email LLI@nova.edu.
Most of your benefits will end at midnight on the last day of the month during which the termination occurs. You will be billed for the full month's premiums. Income Protection coverage (basic and voluntary life/AD&D, disability) ends on the date of termination.
After separating from service, you will receive correspondence from ICUBA's COBRA administrator, Ameriflex, and from the Office of Human Resources, so please make sure you update your mailing address prior to your last date worked.
Notification for eligibility to continue coverage under the provisions of the Consolidated Omnibus Budget Reconciliation Act (COBRA) will be sent to you via US Mail within 14 days of your last date of employment directly from ICUBA's COBRA administrator.
Continuation of coverage under COBRA is retroactive but not seamless. Continuing insurance under COBRA is retroactive from your date of eligibility once you make an election and pay your premium, but you may experience a gap in coverage until your premium is paid.
Download the 2022-2023 COBRA Premium info Sheet
Download the 2023-2024 COBRA Premium info Sheet
COBRA Questions? Contact ICUBA's COBRA Administrator.AMERIFLEX
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:
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 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 Retiree Medical Plan Premium Sheet
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.
ICUBA and their administrators will provide you with a certificate via US Mail automatically within a reasonable amount of time after a losing coverage.
If you have separated from service or retired and find you need a certificate of creditable coverage, you can request one from ICUBA by phone at 866-377-5102 or by email at email@example.com
If you are no longer eligible for coverage under the group life insurance policy, or you lost a portion of your coverage due an Age Reduction Schedule, you (and/or your covered dependent(s)) may be eligible to continue coverage via conversion to an individual life insurance policy.
If you wish to convert your coverage, please call Lincoln Financial at 1-800-423-2765, Option #1, to receive a quote. When you call, please have the following information ready:
Please note you must apply for Life Conversion within 31 days from the date of loss of coverage.
If you terminate employment for any reason other than death, disability, or normal retirement, you will be entitled to receive the “vested” portion of your account balance.
You may be able to choose from the following distribution options:
For more information, please contact the benefits department at firstname.lastname@example.org or TIAA directly at 800-842-2252 to schedule a one-on-one meeting to discuss your best suitable options.
Voluntary benefits such as LegalShield may be converted to individual policies. Please contact the providers directly if you would like to arrange for individual coverage.
LegalShield participants should contact Kelly Rheault at 954-214-0327.