Selecting Retiree Health and Insurance Benefits

Medical and prescription drug coverage

• Your employee medical coverage continues through the end of the month in which you completed your last day on roll as an employee (your last day of employment immediately preceding your retirement date).
• You default into equivalent coverage after retirement unless you make a change (see How to Enroll below).
• Retiree benefits begin the first of the month following your last day on roll as an employee.
• You continue to use your Sandia medical ID card.

Dental and vision coverage

• Your employee coverage continues through the end of the month in which you completed your last day on roll as an employee (your last day of employment immediately preceding your retirement date).
• You default into equivalent dental coverage after retirement, unless you make a change (see How to Enroll below).
• Retiree dental benefits begin the first of the month following your last day on roll as an employee.
• Vision insurance does not continue into retirement.
• You may continue vision insurance coverage through COBRA. You pay the full cost.

Voluntary life and accident insurance coverage

• If you are enrolled at retirement, your coverage will automatically continue.
• MetLife will contact you with options to continue your coverage into an individual plan. Initially, your premium will not change – you pay the full cost.

Medical and prescription drug coverage

• Your medical coverage continues through the end of the month in which you completed your last day on roll as an employee (your last day of employment immediately preceding your retirement date).
• You need to enroll in Medicare Parts A and B.
• Contact Businessolver to speak with a benefits advisor about group Medicare plan options.
• Contact Via Benefits to speak with a benefits advisor about individual Medicare plan options.
• Retiree benefits begin the first of the month following your last day on roll as an employee.
• Use your Medicare ID card and/or card from your new Medicare plan.

Dental and vision coverage

• Your employee coverage continues through the end of the month in which you completed your last day on roll as an employee (your last day of employment immediately preceding your retirement date).
• You default into equivalent dental coverage after retirement unless you make a change (see How to Enroll below).
• Retiree dental benefits begin the first of the month following your last day on roll as an employee.
• Vision insurance does not continue into retirement.
• You may continue vision insurance coverage through COBRA. You pay the full cost.

Voluntary life and accident insurance coverage

• If you are enrolled at retirement, your coverage will automatically continue.
• MetLife will contact you with options to continue your coverage into an individual plan. Initially, your premium will not change – you pay the full cost.

You continue to have access to Sandia Total Health, administered by Blue Cross Blue Shield of New Mexico, Kaiser Permanente, and UnitedHealthcare and the Sandia High Deductible Health Plan (HDHP) administered by Blue Cross Blue Shield of New Mexico and UnitedHealthcare.

Assuming you are enrolled in Medicare Parts A and B, you may choose a Sandia-sponsored group Medicare Advantage plan, or you can choose Sandia’s Medicare Health Reimbursement Account (Medicare HRA), which provides funding for purchasing coverage through a healthcare exchange.

You continue to have access to Sandia Total Health, administered by Blue Cross Blue Shield of New Mexico, Kaiser Permanente, and UnitedHealthcare and the Sandia High Deductible Health Plan (HDHP) administered by Blue Cross Blue Shield of New Mexico and UnitedHealthcare.

Assuming you are enrolled in Medicare Parts A and B, you have access to Sandia-sponsored group Medicare Advantage plan, or you can choose Sandia’s Medicare Health Reimbursement Account (Medicare HRA), which provides funding for purchasing coverage through a healthcare exchange.

Refer to the benefit enrollment guides available through Businessolver to see your costs.

PreMedicare retirees: Some Sandia employees may be eligible to receive a Sandia-provided subsidy to help pay for health coverage. If you are eligible, the subsidy amount is based on your years of service and coverage level.  

Medicare-Eligible retirees: The monthly cost is based on the plan you select.  

You will be automatically enrolled in Sandia retiree health benefits.

Businessolver will send you a billing statement within 30 – 45 days after your retirement. 

To make changes, contact Businessolver within 31 calendar days of your retirement date.

You must be enrolled in Medicare Parts A and B before you can enroll for Sandia retiree health benefits. 

Call Businessolver to speak with a licensed benefits advisor about group Medicare health plans, who can help you make informed decisions and process your group enrollment. Call Via Benefits to speak with a licensed benefits advisor about individual Medicare health plans, who can help you make informed decisions and process your individual enrollment.