This video guides employees through the steps involved in transitioning health benefits from employee to retiree status, including important information to know before begining the process, checking eligibility and finalizing your application. Medicare and Medicare Part B reimbursement is also reviewed.
Included below is information about what is covered in each section of the video (as well as the position in the video where that information is provided). However, for best results, we recommend the video be watched in its entirety (5 minutes, 12 seconds).
NOTE: Be sure to also watch Part Two of the video which covers topics including Medicare, Medicare Reimbursement and How to Enroll in Retiree Health Benefits.
Section 1: Introduction (0:00-0:51)
Overview of what is covered in this video.
Section 2: Eligibility (0:52-1:37)
This section details the requirements needed in order to be eligible to receive retiree health coverage. Dependent eligibility is also reviewed.
Section 2: Before You Begin (1:38-2:26)
This sections provides information about when you should begin the application process.
Section 3: Options (2:27-4:57)
This section details when you can change health plans and the cost of coverage, including premiums and copays. Drug coverge is reviewed as well as whether the optional rider is necessary and what it covers.
Section 4: Part One Wrap Up (4:58-5:12)
Find out what's covered in Part Two of Transitioning to Retiree Health Benefits.
The following topics are covered in Part Two of the Transition to Retirement video:
Section 1: Medicare (0:00-2:14)
This section describes the difference between Medicare Part A and Medicare Part B. Medicare Part B reimbursement is also discussed.
Section 2: Enrollment (2:15-3:28)
This section provides information about what steps you need to take in order to finalize your application for retiree health benefits. The reasons why health coverage might terminate for you or your eligible dependents after you retire, as well as the options available to you, is also covered.
Section 3: Wrap Up (3:29-4:13)
Information about what can be found on the HBP website and how to contact the Retiree Health Benefits Program is reviewed.
If you still have questions after watching both Part One and Part Two of the video, you may wish to register to attend the Transition to Retirement Seminar in person at the Health Benefits Office, which includes a Q&A session at the end of the seminar.