To qualify for retiree insurance, you must be at least 60* years old and have been enrolled as a full-time or part-time employee in the IARC Medical Plan for at least 10 years (120 months) including the five consecutive years (60 months) immediately prior to your retirement. *Please note that if your employment start date was prior to 01 January 2022, you will remain eligible for retiree coverage at age 55.
Please note that only your time enrolled in the Plan as a full-time or part-time employee will count in the calculation of the minimum length of employment requirement to be eligible for Retiree coverage. Your time enrolled in other employment classifications or bridging insurance will not count in the calculation of the minimum length of employment requirement to be eligible for Retiree coverage.
The full-time or part-time employee must have worked at least 20 days in a month to have an entire month counted towards the length of employment requirement of 120 months to be eligible for retiree insurance. The full-time or part-time employee, who has worked less than 20 days in a month but has worked at least 10 days in the same month, will have a half-month counted towards the length of employment requirement. The full-time or part-time employee who has worked less than 10 days in a month will have zero time counted towards the length of employment requirement.
You and your dependents have the option of continuing plan coverage by paying the required premium based on your place of permanent residence, unless you can provide documentation that validates your location for a stay of at least six consecutive months. You are required to complete a new Tax Residency Declaration Form with your IARC Insurance Plan Change Form authorized by your Center.
Retired participants, who reside in the United States and who are 65 years of age or older, must enroll in Medicare Parts A and B if they are eligible. To find out if you are eligible for Medicare, contact your local Social Security office at 1-800-772-1213 within the United States or visit the Medicare website at www.medicare.gov.
To receive the premium discount, you must send AIARC a copy of your Medicare eligibility letter from the Social Security office or a copy of your Medicare card for parts A and B. Your medical premium will be discounted only after a copy of the Medicare letter or card has been received by AIARC, and you will only receive the discount going forward after the proof of Medicare information is received by AIARC. There will be no retroactive premium adjustment, no matter if the Medicare eligibility date is earlier than the date of notification to AIARC.