Insurance benefits in retirement

Active Employee Benefits	Retiree Benefits
Health Insurance: medical + prescription drug benefits + $5,000 Basic Term Life Insurance	Health Insurance: medical + prescription drug benefits + $2,500 Basic Term Life Insurance
Dental: State of Texas Dental Choice Plan or DeltaCare USA DHMO
State of Texas Vision
Optional Term Life Insurance: Election 1, 2, 3 or 4 times your annual salary	Optional Term Life Insurance: Election 1 or 2 times your annual salary or $10,000 Fixed Optional Life
Dependent Term Life Insurance: $5,000	Dependent Term Life Insurance: $2,500
Accidental Death and Dismemberment (AD&D)
Short-term and Long-term disability insurance
TexFlex flexible spending accounts: health care or limited-purpose, and/or dependent care Return to work retirees with active employee benefits, can fully participate in TexFlex.	TexFlex: Only through COBRA until the plan year ends Contributions cannot be made from retirement check (annuity) TexFlex card is deactivated on the last day of the month in which employment ends
Texa$aver^SM 401(k)/457 Program: Active employees are automatically enrolled in a 401(k) account at 1% their monthly salary. Changes can be made to your contribution at any time. If you return to work for a state agency or higher education institution, you can contribute to your Texa$aver account; whether you choose active employee benefits or retiree benefits.	Texa$aver: Retirees can keep the Texa$aver account but can no longer contribute into their account. Retirees can roll over funds from other retirement accounts into their Texa$aver accounts.

Retiring before age 65? See Health insurance benefits if you're retiring before age 65.