Retiring or Separating Service

You may be eligible to continue your health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA). A notification letter will be mailed to you directly from Ameriflex, ICUBA's COBRA administrator, within 14 days of your last day of active benefits or employment (if benefits were waived).

Please note: 

• Retroactive Coverage: While COBRA coverage is retroactive, it's important to understand that there may be a gap in coverage until your initial premium payment is received.
• Coverage Duration: Your COBRA coverage is limited to a maximum of 18 months.

For more information and to enroll in COBRA, please contact Ameriflex:

AMERIFLEX ICUBA COBRA
PO Box 2079
Omaha, NE 68103-2079

Phone: 866-377-5102, Option 1

Download the 2024-2025 COBRA Premium Information Sheet

Employees separating from service at NSU may also be eligible to enroll in medical insurance through a public or private marketplace exchange.

Enrollment through the marketplace exchange is permitted under the following circumstances:

• Within the first 60 days after losing coverage due to a loss of employment
• The exhaustion of eligibility for coverage under COBRA (typically after 18 months)
• During any ACA annual open enrollment period which begins each November.

For more information visit the public marketplace exchange online at https://www.healthcare.gov, or ICUBA’s private marketplace exchange available at www.GetInsured.com/ICUBA.

As of April 1, 2024, the ICUBA Retiree Plan has been discontinued. Here's a quick guide to your health care options moving forward:

• Enroll in a Medicare Plan: After retirement, you can enroll in a Medicare plan. To explore your options, visit Medicare's website or contact SHINE (Serving Health Insurance Needs of Elders) at (954) 745-9779 or information@elderaffairs.org for free and confidential one-on-one assistance regarding Medicare, Medicaid, and health insurance inquiries.
• Enroll in an ICUBA Medicare Supplemental Plan from AmWINS: Upon retirement, you can opt for an ICUBA Medicare Supplemental Plan from AmWINS, offering supplemental Medicare coverage at a reduced cost. 

Learn More About Your Health Care Options

ICUBA and their administrators will provide you with a certificate via US Mail automatically within a reasonable amount of time after losing coverage.

If you have separated from service or retired and find you need a certificate of creditable coverage, you can request one from ICUBA by phone at 866-377-5102 or by email at benefitsadministration@icuba.org. 

If you are no longer eligible for coverage under the group life insurance policy, or you lost a portion of your coverage due an Age Reduction Schedule, you (and/or your covered dependent(s)) may be eligible to continue coverage via conversion to an individual life insurance policy.

If you wish to convert your coverage, please call Lincoln Financial at 1-800-423-2765, Option #1, to receive a quote. When you call, please have the following information ready:

• The Employer section completed by your employer
• Social Security Number(s)
• Names and addresses for all parties eligible to convert

If you terminate employment for any reason other than death, disability, or normal retirement, you will be entitled to receive the “vested” portion of your account balance.

• If your vested account balance exceeds $5,000, you must consent to any distribution before it can be made.
• If your vested account balance does not exceed $5,000, then a distribution of your account balance may be made to you.

A 30-day notice will be sent to you, providing you with distributions options. If an election is not made within the 30-day window, your funds will be paid out in a lump-sum payment.

You may be able to choose from the following distribution options:

• Single Lump-Sum Payment: Taxable in the tax year in which you take the distribution unless it is rolled over to a qualified plan.
• Partial Distribution: Of at least $1,000.
• Installments: Over a period of not more than your assumed life expectancy.
• Leave Money As-is: You may leave your account untouched until the age of 72 at which time you will be required to take Minimum Required Distributions (RDMs) annually.
• Annuity: Single life or joint and survivor

For more information, please contact the benefits department at ohr-retirement@nova.edu or TIAA directly at 1-800-842-2252 to schedule a one-on-one meeting and discuss your best suitable options.

Voluntary benefits such as LegalShield may be converted to individual policies. Please contact the providers directly if you would like to arrange for individual coverage.

LegalShield participants should contact Kelly Rheault at (954) 214-0327.