1. 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 We can’t wait to share with you details about the new program and how you can enroll for coverage effective January 1st, 2019.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. Retiree Healthcare Costs
District Plan Avg. Costs to retiree $7, $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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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
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.

13. 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.

14. 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.