2024 benefits options for retirees ages 65 and older
Retirees ages 65 and older do not have access to LCRA’s group medical and prescription drug plan.
Note: Retirees who are 65 and older and have children on an LCRA group plan can continue to be covered under LCRA’s group medical and prescription drug plans until they no longer carry children on the plan or your child turns 26.
LCRA’s benefits program for retirees 65 and older includes dental, vision and legal insurance.
During the benefits review window, you have two options:
- Keep your existing coverage.
- If you are not making changes to your current coverage, no action is needed.
- Your current benefits selections will auto-renew for 2024.
- Make a change or drop coverage.
- Complete this form and send it back to the LCRA Benefits Team, postmarked no later than Oct. 20, 2023.
- If you miss this deadline, your current benefit elections will carry forward to next year at the 2024 premiums.
- Remember: If you drop coverage or remove a dependent or spouse from any plan, you will not be able to add coverage back in future years.
Medical and prescription insurance
There are many Medicare Supplement plan providers in the marketplace to choose from. If you wish to consider a UnitedHealthcare Medicare solution, refer to the enrollment packet from UHC or contact them at 877-791-9964 for assistance with enrollment and supplemental plans.
If you are eligible to receive the retiree reimbursement, you must participate in a UHC Medicare solution. LCRA will contribute to Retiree Reimbursement Accounts (RRAs) for those eligible to participate at the following rates in 2024: up to $135 each month for a participating retiree and up to $105 each month for a participating spouse. For assistance with the UHC RRA, call 877-298-2305.
Review plan coverage
The standard plan offers a maximum frames allowance of $125 every 24 months and eye glass lenses every 12 months. If you choose contact lenses in lieu of eye glass lenses and frames, the maximum benefit is $120 per year. Participants pay a $10 copay for an eye exam once every 12 months.
The enhanced plan offers a maximum allowance of $150 every 12 months for either eye glass lenses and frames or contact lenses. Participants pay a $0 copay for an eye exam once every 12 months.
How to access your EyeMed information
You won’t receive a vision insurance ID card. Your optometrist will call EyeMed to verify coverage.
EyeMed’s Member Web offers benefit breakdowns, savings snapshots, a cost estimator and a detailed eye doctor search. You can also find information on Lasik and hearing benefits. Find your coverage information on-the-go with the EyeMed mobile app.
How these plans work
The Ultimate Advisor Plus plan also includes comprehensive identity theft coverage, financial counseling, divorce representation and resources to help you with caregiving and eldercare issues.