As a reminder to our members and retirees, the Ohio Public Employees Retirement System will be closed on Thanksgiving Day and the day after Thanksgiving.
The OPERS offices are open on Wednesday, but our lobby and phone lines will close at 2:30 p.m. that day.
We’ll post our hours for Christmas and New Year’s Day as those holidays approach. With New Year’s Day falling on a Friday, the January 2016 benefit payment will be made on Jan. 4.
The Ohio Public Employees Retirement System has released the November health care chat with OPERS Health Care Director Marianne Steger.
This month Steger provides tips for making the most of the OPERS Medicare Connector enrollment call.
You can access the video on our YouTube channel.
Half of all Medicare beneficiaries spent at least $3,595, or 18 percent, of their own money on health care in 2011, a new study by AARP states.
The study assesses the out-of-pocket spending burden on Medicare beneficiaries enrolled in the traditional Medicare program, using data from the most-recent Medicare Current Beneficiary Survey. It found that while Medicare “is a vital program that helps older adults and people with a disability pay for needed health care services,” it does not cover all health care costs.
Paying for needed health care costs was more of a burden “for the sickest, oldest and near-poor beneficiaries.” One in every 10 Medicare beneficiaries spent more than $10,400 for out-of-pocket expenses during the survey year of 2011.
The Ohio Public Employees Retirement System has created new, alternative health care plans for retirees who have returned to work with an OPERS-covered employer.
The Humana Interim Medicare Plan is for Medicare-eligible re-employed retirees, and the Medical Mutual Interim Plan is for those not eligible for Medicare. Both plans will be effective on Jan. 1.
Medical care is just one part of the equation that OPERS Medicare Connector participants need to think about for 2016. Prescription drug plans also are in play, and we have suggestions that might help.
A new, two-page flier offers tips to help you reduce drug costs if you’re using the Connector for your coverage next year. We recommend carefully reviewing your drug choices with the OneExchange licensed benefit advisor during your enrollment call.
Participants in the OPERS Medicare Connector will be reimbursed for qualifying medical expenses through a Health Reimbursement Arrangement upon enrolling in a medical plan through OneExchange.
OneExchange, the Connector administrator, will send participants an HRA welcome packet about two weeks after they complete their enrollment process. Be sure to review all the materials within the packet, which includes a quick-reference guide, claim form, list of eligible expenses and a “Getting Reimbursed Guide.”
The Ohio Public Employees Retirement System has released the October health care chat with OPERS Health Care Director Marianne Steger.
This month Steger provides tips for the OPERS Medicare Connector enrollment call.
You can click here to access the video, which we’ve posted on our YouTube channel.
Enrollment appointments begin Oct. 5 for participants in the OPERS Medicare Connector.
We’d like to offer a few pointers for how to make the most of the enrollment calls with OneExchange as participants choose their health care coverage on the individual Medicare market: Continue reading
The Ohio Public Employees Retirement System is committed to evaluating the online checkbook initiative proposed by the Ohio Treasurer’s office, but that review will await more-pressing issues facing the retirement system.
The upcoming January launch of the OPERS Medicare Connector, which will impact health care coverage for more than 230,000 retirees and their dependents, is the most-important issue we currently face. It’s the future of affordable health care for all OPERS Medicare-eligible retirees, and we cannot afford to take our eye off the ball as we initiate the program.