A Comfortable Retirement Life Style Achieving Employer Goodwill ! Retiree Health Plans The Model Plan A Comfortable Retirement Life Style Hello, and welcome to [your District’s] 2018 Retiree Meeting. My name is [Name] and I’m with Aon Consulting. We’ve been working behind the scenes with our partners, FSRBC and bswift, to bring you an exciting program for 2019. We can’t wait to share with you details about the new program and how you can enroll for coverage effective January 1st, 2019.

What is Goodwill It is a thing very easy to describe, very difficult to define. It is the benefit and advantages of a good name, reputation in connection with business. It is the attractive force which brings in customers. It is the benefit and advantages of a good employer, reputation in connection with it’s employees. As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Examples Of Goodwill Business Goodwill - It arises due to factors such as reputation, location, customer base, expertise or market position of the business. Personal Goodwill – Refers to the ability, skills, reputation, network and experience of an individual within a business Employer Goodwill – The value an employer extends to it’s employees for the contributions they make to the organization and the community they serve. As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Employer Goodwill Rewards Competitive Salary – Market surveys are conducted to ensure wages are competitive Paid Time Off (PTO) – Bank of time for employees to take vacations, holidays, personal days and sick days Comprehensive Medial and Prescription Drug Coverage – Employer contribution of premium towards insurance coverage costs Dental Insurance – Comprehensive dental coverage Vision Insurance – Comprehensive vision coverage Life Insurance – Employer Paid Life Insurance coverage usually 1X salary Voluntary Life Insurance Additional Life coverage may be purchased by employee As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Employer Goodwill Rewards Short and Long Term Disability– Replaces salary due to disability usually two-thirds of salary Health and Childcare Reimbursements Plans – HRA, HAS, Cafeteria Plans Corporate Wellness– Promotes well-being through education awareness and health screenings Employee Assistance Program– Comprehensive dental coverage Pension Plans– Florida Retirement – Defined Benefit or Defined Contribution Plans Individual Retirement Investment Plans – 403b and 457 plans Access to Medical Coverage at Retirement – Retiree Paid As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

What About Retirees Many retirees continue to stay involved in education by volunteering time at schools What Districts offer to retirees? Access to Healthcare (required by law) Some provide assistance with plan selection when the retiree turns 65 Only two provide funds towards healthcare costs Retirees are left with a substantial increase in healthcare costs As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Retiree Healthcare Costs District Plan Avg. Costs to retiree $7,800 - $10,200 per year Retirees at age 65 must enroll in Medicare Part B the annual premium is based on income, base premium is $1,608 and goes up from there Total Annual Cost from $9,400 to11,808 As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Retiree Healthcare Costs AARP estimates that retirees who are retiring now will need $240,000 to cover healthcare for future medical costs and this does not include long-term care. As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

What Are Employers doing 77 % of employers are moving retirees to healthcare exchanges in order to avoid their high costs Public Entities are moving retirees to Group Medicare Programs Public Entities are participating in Healthcare Consortiums to offer benefits and administration As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Group and Consortium Programs Help Retirees can access plans tailored to their consumption needs and reduce costs Retirees can choose plans that are basically the same actuarially as the employer plans Retirees can reduce there premium cost to $3,700 annually avoiding $$5,700 in premiums As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Florida School Retiree Benefits Consortium Provides administration of benefits for post 65 retirees 17 Districts participate in the program Over 12,000 retirees are enrolled in the program Retirees have choice in benefit plans that fit their needs. Districts: Escambia, Walton, Washington, Jackson, Calhoun, Gilchrist, Duval, Putnam, Flagler, Volusia, Brevard, Orange, Osceola, Manatee, Polk, Sarasota, Charlotte As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

Improve Your Employer Goodwill Help Your Retirees Achieve Better Benefits And Have Better Retirement It Doesn’t Cost The District A Dime Contact David Ford at fordd@duvalschools.org As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

The average value of a participant is on average $31,000 RETIREMENT – 403b & 457 Plans Various Plans are offered by all 67 Florida School Districts Employees invest in the plans on a monthly payroll deduction The funds are invested on a pre-tax basis The average value of a participant is on average $31,000 As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.

RETIREMENT - FRS State Program Funded by Employers 8.26% and Employees 3% Defined Benefit Investment Don't want to make investment decision Accumulation of Sum Earn 1.6% <= 30 years, 31 yrs. 1.62, 32 yrs. 1.65, 33 yrs. 1.68 Per Year of Service Multiplied by 5 highest years of consecutive service Features 22 funds you can choose, including 11 funds spread across five asset classes, and 11 retirement date funds that are mixtures of various asset classes. A Self-Directed Brokerage Account is also available. Prefer that your benefit be paid as lifetime monthly checks with no lump-sum options It is primarily designed to serve shorter-service and mobile employees. As you know, Medicare is comprised of several parts – components from Parts A and B are covered by the Government, but the rest of Medicare is picked up by your insurance plan and you. The deductible for Part A is $1,340 and the deductible for Part B is $134. The plans that FSRBC offers are generous and many of them cover most of the costs not already covered by Parts A and B. FSRBC provides you with options from multiple carriers on both a Group and Individual basis – it’s your choice which you enroll in. [Stop if webinar] In person: If you have any questions on Medicare, feel free to ask the carriers that are here.