Insurance
State Employees Group Insurance Program
Eligibility
To be eligible to participate in the State Employees Group Insurance Program, members:
- Must meet vesting requirement of qualifying service for retirement as a Tier I (five years of service) or Tier II (10 years) member.
- Must elect to receive a lifetime monthly benefit from SURS.
The State Employees Group Insurance Program (SEGIP) includes health, vision, dental, life and prescription insurance.
Rates
The Illinois Department of Central Management Services (CMS) determines the cost of this insurance. SURS has no information regarding the future costs for state of Illinois health insurance. Currently, the state covers 5 percent of the total insurance premium for each year of qualified service. Members who have 20 years or more of service credit receive premium-free health insurance.
Value of Benefit
CMS estimates the value of a retiree’s SEGIP coverage over their lifetime is approximately $190,000 (this assumes retirement at age 65 and one dependent). If you meet eligibility requirements and do not take a lifetime monthly benefit, you will give up the opportunity to participate in this insurance plan.
College Insurance Program
Eligibility
To be eligible to participate in the College Insurance Program (CIP), members:
- Must be receiving a monthly benefit from SURS, and
- Must have been a full-time employee eligible for group health benefits while employed at an Illinois community college district.
The College Insurance Program includes health, vision, dental, and prescription insurance.
Rates
The Department of Central Management Services (CMS) determines the cost of this insurance. SURS has no information regarding the future costs for CIP insurance.
Value of Benefit
CMS estimates the value of a retiree’s CIP coverage over their lifetime is approximately $130,000 (this assumes retirement at age 65 and one dependent). If you meet eligibility requirements and do not take a lifetime monthly benefit, you will give up the opportunity to participate in this insurance program.
Monthly Contributions
The College Insurance Program (CIP) shares the cost of health coverage with you. While CIP covers the majority of the cost, you must make monthly contributions based upon the health plan you select.
TRAIL (Medicare Advantage)
Insurance information for members in the Medicare Advantage – TRAIL Plans.
State Employees Group Insurance Program TRAIL
College Insurance Program TRAIL
Members in the College Insurance Program (CIP) are responsible for a monthly contribution for Total Retiree Advantage (TRAIL) Medicare Advantage Prescription Drug (MAPD) health coverage that includes prescription drug, dental and vision benefits.