Retiree life insurance program concluding July 2026

Boise State University, in partnership with Idaho higher education peers, will begin sunsetting the Retiree Life Insurance Program effective July 1, 2026. State of Idaho agencies and other higher education institutions have already discontinued these retiree life insurance plans due to rising premium costs and budgetary considerations, with the remaining higher education institutions discontinuing their programs this year.

To support employees who are already planning for retirement, Boise State is implementing a phased transition. Employees who document their intent to retire with the Boise State Human Resources (HR) benefits team no later than June 30, 2026 remain eligible to enroll in the program if they otherwise meet the retiree life insurance eligibility requirements and retire within the approved FY27 timeline outlined below. Employees currently eligible have been notified directly of this upcoming change.

Current retirees already enrolled in the program will continue to be covered.

Following the sunsetting of this program, options will still exist for retirees to convert certain life insurance policies to self-pay options. Contact [email protected] for more information.

Current program summary

Boise State currently pays life insurance premiums for eligible retirees, at time of retirement, for decreasing term life insurance coverage.
Coverage provides death benefits to a retiree's dependents upon the retiree's death.

Coverage value is based on annual salary at retirement:

• Up to age 65: 100%
• Age 65 to 70: 75%
• Age 70 and older: 50%

Eligibility

Retirement eligibility includes:

• At least five years of service at Boise State University
• Age 55 or older

Retiree life insurance eligibility includes:

Meeting the Rule of 80 (age plus years of service at Boise State equals at least 80)

Notification deadline to enroll during FY27

Notifying HR by June 30, 2026, retirees will maintain eligibility to enroll in the program under the current provisions for:

• Staff who plan to retire on or before June 30, 2027, and
• Faculty who plan to retire at the end of their Fiscal Year 2027 academic contract on or before July 17, 2027.

Basic Life and AD&D coverage remains unchanged

As a reminder, Boise State's Basic Life and Accidental Death and Dismemberment (AD&D) insurance for active faculty and staff during their period of employment continues to be provided at no cost to employees. This benefit program is not impacted by the sunset of the retiree life insurance program. Visit the life insurance website for more details.

More information

For more information about the benefits, perks and discounts available to Boise State employees, visit the benefits at a glance website.

Employees considering retirement are encouraged to review their retirement plans and this retirement benefit. Human Resources can help provide guidance. For questions or additional information, contact the benefits team at [email protected] or schedule an appointment.

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