What happens when I turn 65?

You can refer to My Benefits and the Collective Agreement for information on any benefits that may change once you reach age 65 (or at a later age depending on your district). If you have any questions regarding coverage after age 65, you should contact your School District Benefits Administrator.

If you are retiring at age 65, you may be interested in the conversion privileges available for the PEBT Benefits Program. To obtain information regarding the conversion privileges:

  • You may refer to the My Benefits section of this website for conversion information applicable for each benefit.
  • The School District Benefits Administrator will provide you with a Notice of Conversion Form that will tell you what benefits you are eligible to convert; it also provides contact information for each of the benefit providers if you are interested in conversion to an individual plan for a specific benefit.
  • You are eligible for the conversion privilege if application is received by the benefit provider within 31 days for life and within 60 days for AD&D, extended health, and dental care following your termination date.

CONVERSION PRIVILEGES

BASIC LIFE, OPTIONAL LIFE, AND OPTIONAL SPOUSE LIFE CONVERSION PRIVILEGE

You can continue basic life insurance, optional life insurance, and/or optional spouse life insurance (if applicable) as an individual policy(ies) following termination or retirement from the district benefit plan on or before your 65th birthday. If you wish to do so, the following steps must be taken:

  • Contact PBC using the contact information provided on the Notification of Conversion Form that you should receive from your School District Benefits Administrator.
  • Conversion is optional.
  • Conversion is only available to those employees following termination or retirement on or before their 65th birthday.
  • The conversion can be done without medical evidence of good health provided the request is made within 31 days of the date of termination of the PEBT insurance.
  • Some limits apply (An example of a limitation is the amount converted cannot exceed $200,000).
  • Premiums will likely be higher than the premium under the PEBT Benefits Program.

BASIC AD&D, OPTIONAL AD&D CONVERSION PRIVILEGE

You can continue basic AD&D insurance and optional AD&D insurance (if applicable) as an individual policy(ies) following termination or retirement from the district benefit plan on or before your 69th birthday. If you wish to do so, the following steps must be taken:

  • Contact AIG using the contact information provided on the Notification of Conversion Form that you should receive from your School District Benefits Administrator.
  • The conversion can be done without medical evidence of good health provided the request is made within 60 days of the date of termination of the PEBT insurance.
  • Some limits apply (An example of a limitation is the amount converted cannot exceed $200,000).
  • Premiums will likely be higher than the premium under the PEBT Benefits Program.

EXTENDED HEALTH AND DENTAL CONVERSION PRIVILEGE

When your coverage under the PEBT extended health or dental terminates, you can convert to a Pacific Blue Cross (PBC) Personal Health and/or Dental plan. If your coverage terminates, the following steps must be taken.

  • You must complete the Extended Health and/or Dental Conversion Form and send it directly to PBC.
  • PBC must receive the first payment and application within 60 days of termination of PEBT benefits to waive the General Pre-existing Conditions clause in the Personal Health Plan.
  • In some instances, waiting periods which apply to certain benefits (i.e., vision and dental) will also be waived if the member had coverage for these benefits under the PEBT Benefits Program.
  • The individual policies do not have coverage equivalent to that of the PEBT Benefits Program.