What Happens to My Healthcare When I Retire?
This is the single most-asked question on this entire roadmap — and the honest answer is that MPSERS gives you one of two completely different arrangements, depending on when you were hired. Neither one is "no healthcare." But they work nothing alike.
🎥 GLP Retirement Minute — VideoTwo Tracks, One Cutoff Date
And it's not the same cutoff dates from Step 1. Your healthcare track has its own dividing line: September 4, 2012.
Premium Subsidy
Traditional retiree health insurance. MPSERS pays a percentage of your premium — the district doesn't hand you cash, it subsidizes an actual health plan.
Personal Healthcare Fund
No traditional retiree insurance is offered to this group at all. Instead, you get a dedicated savings account: you contribute 2% of your pay, your employer matches it 100%, and you use the fund to pay for your own healthcare costs in retirement.
Your healthcare track and your pension plan type are decided independently, on two different timelines. Someone hired in 2011 could be on Pension Plus (pension) but Premium Subsidy (healthcare). Someone hired in 2015 could also be on Pension Plus, but land on the Personal Healthcare Fund instead. Knowing your pension plan from Step 1 does not tell you your healthcare track — check your hire date against September 4, 2012 separately.
Premium Subsidy members used to pay an extra 3% contribution alongside their pension deduction — that requirement ended October 1, 2025. Full detail on What Comes Out of My Paycheck?
Check your hire date against September 4, 2012, or log into miAccount — your healthcare benefit type is shown alongside your pension plan.
Neither track means walking into retirement with nothing. But a Premium Subsidy retiree is buying into a plan with a district-paid discount, while a Personal Healthcare Fund retiree is self-funding coverage from a dedicated account — those are genuinely different financial pictures, and worth understanding well before your last day of work, not after.