b"Subsidy ProgramHealth Insurance Premium Outside Rebate Subsidy for Non-CTPF retirees whose final teaching service was with theCTPF Health Insurance PlansChicago Public, Charter or Contract Schools may qualify forMembers enrolled in non-CTPF health insurance plans a partial subsidy of their insurance premiums.may be eligible for a subsidy, subject to maximum A member receiving a survivor's pension may also reimbursement amounts published annually. The qualify for a subsidy.maximum reimbursement amount will be based on The amount CTPF can spend on annuitant healthCTPFs least expensive Non-Medicare health insurance insurance is limited by state law. Each year, the CTPFplan option.Board of Trustees sets a premium subsidy amount. TheAn application is mailed in the spring to eligible members subsidy for plan year 2024 is 60% of the total premiumwho are not enrolled in a CTPF health insurance plan. cost (certain limitations may apply). The subsidy is subjectThe subsidy is paid out retroactively for the year prior in to change at the discretion of the Board.an annual payment. Premium payment documentation Premium cost for dependent coverage is not eligible foris required and is explained on the application. If all the subsidy. supporting documentation is received and the member is entitled to a payout, the applications will be processed Subsidy for CTPF Non-Medicare approximately 90 days after receipt. Payouts are performed at the end of each month. Be sure to look Eligible Plans for the webinar notifications to assist in completing the necessary application and supporting documentation. If you are enrolled in a CTPF Non-Medicare healthNew deadline this year: The application and supporting insurance plan, your share of the monthly plan cost isdocumentation are due by July 31 steach year.deducted from your pension benefit. Example: If your monthly premium is $1,000, and the approved subsidy percentage is 60%, CTPF deducts $400 from your monthly pension for the premium cost, and pays the remaining $600 on your behalf.Subsidy for Chicago Public, Charter and Contract Schools COBRAIf you are enrolled in COBRA continuation coverage, CTPF automatically applies the premium subsidy to your pension benefit. The necessary authorization forms must be on file with CTPF. Notify CTPF immediately if you terminate COBRA coverage to ensure CTPF ceases the premium subsidy. Any premium subsidy paid after termination of COBRA will need to be repaid to CTPF. CTPF 2024 NON-MEDICARE HEALTH INSURANCE HANDBOOK CTPF 2024 NON-MEDICARE HEALTH INSURANCE HANDBOOK 9"