There is an option to pre-pay health insurance premiums in retirement with a payout of unused annual leave. However, this is outside of the scope of benefits that MOSERS administers. You can find the following information on MCHCP’s website:

• “Employees whose premiums are collected pre-tax through the cafeteria plan have the opportunity to pre-pay premiums pre-tax as a retiree. Prepaid premiums may only be paid within the same calendar year*. To prepay, retirees must submit their enrollment request at least 31 days prior to their retirement date. The first month’s premium for retiree coverage will be divided between the last two active paychecks. Additional prepaid premiums may be collected from the retiree’s last two active paychecks and/or lump sum vacation/compensatory time payroll. Verify this payroll amount with the HR/Payroll personnel to determine how many months of retiree premiums can be prepaid.
• If a retiring employee transfers coverage under a retired spouse, the prepaid premium will include the premium for both the retiree and spouse. MCHCP suspends deductions from the spouse’s retirement benefit during the prepaid months.
• Retirees who cancel or fail to elect coverage may not enroll at a later date. Retirees who return to state employment and become eligible for benefits through MCHCP will be treated as a new employee.
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• *Employees with a retirement date of Dec. 1 cannot prepay premiums, since future premiums would be for a different plan year. Employees with a retirement date of Jan. 1 can only prepay premiums using funds from their final active payroll (usually Jan. 15) and/or their vacation and compensatory time payroll.”  Source: Enrollment (mchcp.org)

Please note that the amount of your unused annual leave has no impact on your MOSERS retirement benefits.

Please contact your HR office, MCHCP, and ASI Flex for details on the forms you need to complete and associated deadlines. Additionally, we encourage you to check with your human resources office about policies on annual and sick leave accrual and usage before retirement.