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SERS reviews retiree health insurance, Medicare coordination and opt‑out incentives
Summary
The workshop explained how retiree insurance is administered through MyBenefits/CMS, Medicare coordination requirements, TRAIL (Medicare Advantage Prescription Drug) enrollment schedules and cash incentives for opting out of state insurance.
The State Employees Retirement System presenter said insurance administration for retirees and survivors is handled by MyBenefits and CMS; SERS described insurance rules, enrollment windows and how Medicare interacts with state coverage.
Key points: to qualify for state retiree insurance, a member must be vested with SERS and collect a monthly annuity; retiree benefit choice for non‑Medicare members is in May (effective July 1) and the TRAIL MAPD (Medicare Advantage prescription…
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