You and your spouse may choose to not participate in a CU-offered medical plan. Instead, you may opt to receive the Alternate Medical Payment (AMP) instead. You can still participate in the CU Health Plan - Premier Dental, but your 20% premiumsPremiumThe monthly cost to participate in the plan. Typically, it is shared between the employee and the employer. Premiums are deducted from your monthly paycheck. will be deducted from your AMP.
- You receive a monthly payment from CU for health care-related costs.
- It is available for Medicare-eligible retirees and their spouses.
- DependentDependentAn employee’s spouse, common-law spouse, civil union partner, domestic partner, children under the age of 27, and qualifying disabled children over age 27 of the employee or of the spouse/partner who are biological, legally adopted or for whom there are parental responsibility documents issued by a court. children do not receive payment.
- The payment is taxable, and a W-2 will be issued.
|Alternate Medicare Payment
AMP provides a monthy check in the amount listed below
|Retiree & spouse||$262.13|