Fact sheets help explain how the HRA will work in 2022
By Michael Pramik, Ohio Public Employees Retirement System
Aug. 11, 2021 – Health care is changing for OPERS retirees in 2022, and one group impacted will be those retirees who are re-employed.
OPERS has prepared two fact sheets to help all affected re-employed retirees better understand the new aspects of the OPERS health care program beginning next year.
The fact sheet for Pre-Medicare re-employeed retirees explains the difference between current coverage for this group and coverage that will begin next year. Effective Jan. 1, 2022, OPERS will no longer offer a group medical plan. Instead, participants can opt in to the OPERS Health Reimbursement Arrangement (HRA) and begin receiving monthly deposits.
The HRA will work a little differently for re-employed retirees than it does for OPERS retirees who are not employed in an OPERS-covered position, and the fact sheet explains those differences. It also gives examples of how participants would opt in to the HRA and what HRA features they might expect to receive during re-employment and post-employment.
The fact sheet for Medicare re-employed retirees also breaks down how current coverage will differ from the HRA in 2022. And, it explains how the HRA works specifically for re-employed retirees eligible for Medicare and provides examples of how the new rules will apply to various Medicare re-employed retirees.
The fact sheets are part of an expansive amount of instructional information that’s available on the OPERS website regarding the changes that will be effective on Jan. 1.