Private Retiree (Direct Billing)
Private Retiree Plan with Aetna and Express Scripts
If you retire with less than 25 years of pension service credit and under the age of 65 years old, you will be fully responsible for paying your future coverage under retirement. You have the option to continue your medical, prescription, and dental coverage under the Aetna and Express Scripts Retiree Private plans (not associated with SEHBP). This is elective coverage and you can enroll in this plan(s) if needed. Click here to complete the DocuSign application.
Information about monthly rates, please click on the document below.
Who is eligible?
Employees who at retirement are eligible to enroll in the SEHBP Retired Group (employees who have 25 or more years of pension service credit or have less than 25 years of service credit but are age 65 or older) or the Newark Board of Education Retiree Plan (employees who have less than 25 years of pension service credit and are under 65 years of age) cannot enroll in COBRA.
Disclaimer: An employee waiting on approval for the State’s Disability Retirement can participate under the Newark Board of Education under COBRA or Private Retiree Plan. However, no refund will be issued if or when Disability Retirement is approved accordingly.
Direct Billing Retiree
Retiree NBOE Enrollment Form
NJEP Retiree SBC
DISCLAIMER
This Private Retiree Plan with Aetna and Express Scripts is NOT associated with School Employees’ Health Benefits Program (SEHBP).
This plan is administrated by a third-party vendor Inspira Financial (Direct Billing Program).