SMP FAQ - How do I pay for my health insurance premiums?

June 28, 2016 - 10:41
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Question: 

How do I pay for my health insurance premiums?

Category: 
Distribution Options/Health Insurance
Answer: 

Since your annuity payments are coming from Principal or TIAA, SURS is not able to deduct your insurance premiums from the payment. Therefore you will be Direct Billed for your insurance premiums. Most annuitants write a check for the first month and then have the premium direct debited from their checking or savings account.

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