Approximately three months prior to your date of retirement, you should inform your local benefits coordinator of your intention to retire. At that point, he or she will provide you with the necessary paperwork to enroll for coverage as a retired teacher. At that point, you will determine the type of coverage that will best meet your needs. If you are married, you should consider the need to cover your spouse or dependent children, if any. If you choose to forego any coverage at the time of your retirement, you should ask your insurance coordinator whether you will be able to enroll for coverage at some later date.
Some towns pay a different portion for active members than they do for retirees.
Since the administration of local health care coverage is negotiated on the local level, costs will vary from town to town. The percentage of the premium that you pay as a retiree may remain the same or even go down. However, we would suggest that you contact your benefits coordinator in order to find out what your costs will be when you retire. The MTRB will be able to deduct your monthly premium from your retirement allowance. In turn, we forward your premium to your local community on your behalf.