Pension Options with Healthcare Under OpERS (Ohio public employees retirement system)

Your spouse’s ability to continue your health care coverage begins with the decision you make with regard to retirement payment options. There are six plan options:

  1. Life with 50 percent to surviving spouse.
  2. Single Life Benefit.
  3. Life with selected percentage to survivor.
  4. Life with 100% to survivor.
  5. Life with fixed period.
  6. Life with multiple survivors.

But here is where it gets a little tricky. You can only select payout options A, C, D or F for your spouse to remain eligible for health care coverage after your death. And, which option you select depends upon how you have structured income for the rest of your life. At the same time, your payout decision needs to balance how much your pension payments might be reduced versus the ultimate benefit of the OPERS Health Plan versus a return to a Medicare- based health plan at age 65.

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