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INSURANCE RETIREMENT TEXFLEX TEXA$AVER NEWS EVENTS CALENDAR ERS INVESTMENTS
 
Glossary
Monday, October 5, 2009
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ERS - Employee Retirement System
T

Teacher Retirement System (TRS) of Texas

Organization that administers a retirement program for eligible Texas public education employees, their dependents, and their beneficiaries. TRS is a member of the Proportionate Retirement Program (PRP).

ERS is the administrator of insurance benefits for members of this program.

terminal condition

A non-correctable health condition that with reasonable medical certainty will result in death within one year from the date of the attending physician’s statement.

third-party administrator

Entity that processes claims and performs related business functions for a benefit, such as Blue Cross Blue Shield of Texas (BCBSTX) is the third-party administrator for HealthSelect.

tier

Prescription Drug Program classifies prescription drugs into one of three Tiers, which determines a drug’s copayment.

Drugs with their corresponding Tier are listed in the health plan’s formulary.