The webinar is now online. The 1 st presentation will begin at 2:00 - PowerPoint PPT Presentation

The webinar is now online. The 1 st presentation will begin at 2:00 pm EST The 2 nd presentation will begin at 4:30pm EST • Please print out the following materials to reference during the presentation. 1. Handout version of this presentation – for taking notes and jotting down questions as we proceed • http://www.adventistretirement.org/retiree/sharp/ look under Webinars for the 2017 Pre ‐ Retirement Webinar. A recording of one of these webinars will be posted on our website next week.

Questions Please type your questions in the Question section of the menu. We will answer most questions at the end of the webinar. After the webinar you can also email questions to NADRetirement@nadadventist.org

Thinking About Retirement Particularly Healthcare!

Today’s Webinar • Invitees: Age 55+ Active Employees of a Participating Employer • Goals: – To provide information regarding how the church does Retirement Healthcare Assistance for qualifying Retirees – To provide information on the transition process – To explain Medicare provisions – To explain the Dental/Vision/Hearing Option • Not a General Pre ‐ Retirement Plan

The Healthcare Plan Healthcare in Retirement

Eligibility • Beneficiary of Plan(s) or • Spouse of Beneficiary under Joint and Survivor (J&S) and • With 15+ Years of Church Service Credit

Medicare Is Essential • Medicare A – Hospital – – Sign up when age 65 even if covered • Medicare B – Medical – Sign up when you are going to lose your coverage or age 65 whichever is later • Medicare C – Medicare Advantage • Medicare D – Prescription Drug Plans

Isn’t Medicare Enough?  Retirees Incur Expenditures Not Covered by Medicare such as:  Outpatient Prescription Drugs  Dental, Vision, Hearing  Medicare 2016 Co ‐ Pays and Deductibles  Outpatient Co ‐ Pay 20%  Outpatient Deductible $166.00  Inpatient $1,288/admission deductible  Inpatient $322/day co ‐ pay, days 61 ‐ 90  Inpatient $644/day co ‐ pay, days 91+  SNF $161/day co ‐ pay, days 21 ‐ 100

SHARP‘s Health Reimbursement Account (HRA) is like an Airport Voucher Your flight’s been cancelled. You’ve been given a meal voucher at the airport for a fixed dollar amount. You can order a Rich Meal, a Moderate Meal or a Simple Meal. If you order Rich, you will exceed the value of your meal voucher and will have to pay some from your own pocket. If you don’t spend the whole voucher, the restaurant is going to keep the voucher for your next meal!

Retirement Plan Will Pay. . . Years of Qualifying DVH Annual HRA Annual Total Annual Church Service Contribution per Contribution per Contribution per Member Member Member 35+ $780 $1,620 $2,400 30 ‐ 34 $696 $1,464 $2,160 25 ‐ 29 $612 $1,308 $1,920 20 ‐ 24 $528 $1,152 $1,680 15 ‐ 19 $444 $ 996 $1,440 What can I get for my $1,620 or $2,400 per year?

SHARP Enrollment Form SUPPLEMENTAL HEALTHCARE, ADVENTIST RETIREMENT PLAN Required Enrollment Form for 2017 DOB SS# Church Service Only Eligible for Assistance? Y or N Retiree Y 1/0/1900 000-00-0000 Spouse 000-00-0000 1/0/1900 N 65+ Only Retiree Spouse Retiree Cost Spouse Cost Monthly Cost 65+ Dental/Vision/Hearing $90 $0 $0 Less Earned Credit $0 $0 Personal DVH Cost $0 $0 Pre-Medicare Only Pre-Medicare Medical $450 $0 $0 Pre-Medicare Rx $120 $0 $0 Pre-Medicare DVH $90 $0 $0 Total Pre-Medicare Cost $0 $0 Less Pre-Medicare Earned Cr. $0 $0 Personal Pre-Medicare Cost $0 $0 Non-MC Child Below 26 Name DOB SS# Total Non-Medicare Cost $0 Less Non-MC Earned Credit $0 Personal Non-Medicare Cost $0 $0 $0 Total Personal Monthly Cost $0 Monthly Payroll Withholding for SHARP

Both 65+ w 35+ Years SC SUPPLEMENTAL HEALTHCARE, ADVENTIST RETIREMENT PLAN Required Enrollment Form for 2017 DOB SS# Church Service Only Eligible for Assistance? Y or N Retiree Tony L Bozinski 1/1/1951 999-99-9999 Y Spouse 888-88-8888 Hannah L Bozinski Y 1/1/1949 65+ Only Retiree Spouse Retiree Cost Spouse Cost Monthly Cost 65+ Dental/Vision/Hearing y y $90 $90 $90 Less Earned Credit $65 $65 Personal DVH Cost $25 $25 Pre-Medicare Only Pre-Medicare Medical n n $450 $0 $0 Pre-Medicare Rx n n $120 $0 $0 Pre-Medicare DVH n n $90 $0 $0 Total Pre-Medicare Cost $0 $0 Less Pre-Medicare Earned Cr. $0 $0 Personal Pre-Medicare Cost $0 $0 Non-MC Child Below 26 Name DOB SS# Total Non-Medicare Cost $0 Less Non-MC Earned Credit $0 Personal Non-Medicare Cost $0 $25 $25 Total Personal Monthly Cost $50 Monthly Payroll Withholding for SHARP

Both 65+ with 26 Years SC SUPPLEMENTAL HEALTHCARE, ADVENTIST RETIREMENT PLAN Required Enrollment Form for 2017 DOB SS# Church Service Only Eligible for Assistance? Y or N Retiree Tony L Bozinski Y 1/1/1951 999-99-9999 Spouse 888-88-8888 Hannah L Bozinski Y 1/1/1949 65+ Only Retiree Spouse Retiree Cost Spouse Cost Monthly Cost 65+ Dental/Vision/Hearing y y $90 $90 $90 Less Earned Credit $51 $51 Personal DVH Cost $39 $39 Pre-Medicare Only Pre-Medicare Medical n n $450 $0 $0 Pre-Medicare Rx n n $120 $0 $0 Pre-Medicare DVH n n $90 $0 $0 Total Pre-Medicare Cost $0 $0 Less Pre-Medicare Earned Cr. $0 $0 Personal Pre-Medicare Cost $0 $0 Non-MC Child Below 26 Name DOB SS# Total Non-Medicare Cost $0 Less Non-MC Earned Credit $0 Personal Non-Medicare Cost $0 Total Personal Monthly Cost $39 $39 $78 Monthly Payroll Withholding for SHARP

2017 Plan Earned Credit for Pre ‐ MC Years of Qualifying Church Monthly Earned Monthly Earned Service Credit per Credit for pre ‐ Participant 26 Child 35+ $640 $130 30 ‐ 34 $570 $115 25 ‐ 29 $490 $100 20 ‐ 24 $415 $80 15 ‐ 19 $340 $65

Pre ‐ Medicare: Early Retirement w 40+ SUPPLEMENTAL HEALTHCARE, ADVENTIST RETIREMENT PLAN Required Enrollment Form for 2017 DOB SS# Church Service Only Eligible for Assistance? Y or N Retiree Tony L Bozinski Y 1/1/1953 999-99-9999 Spouse 888-88-8888 Hannah L Bozinski Y 1/1/1951 65+ Only Retiree Spouse Retiree Cost Spouse Cost Monthly Cost 65+ Dental/Vision/Hearing n y $90 $0 $90 Less Earned Credit $0 $65 Personal DVH Cost $0 $25 Pre-Medicare Only Pre-Medicare Medical y $450 $450 $0 Pre-Medicare Rx y $120 $120 $0 Pre-Medicare DVH y $90 $90 $0 Total Pre-Medicare Cost $660 $0 Less Pre-Medicare Earned Cr. $640 $0 Personal Pre-Medicare Cost $20 $0 Non-MC Child Below 26 Name DOB SS# Total Non-Medicare Cost $0 Less Non-MC Earned Credit $0 Personal Non-Medicare Cost $0 Total Personal Monthly Cost $20 $25 $45 Monthly Payroll Withholding for SHARP

Pre ‐ Medicare: Retiree Early Ret. with Less than 40 years SUPPLEMENTAL HEALTHCARE, ADVENTIST RETIREMENT PLAN Required Enrollment Form for 2017 DOB SS# Church Service Only Eligible for Assistance? Y or N Retiree Tony L Bozinski 1/1/1953 999-99-9999 N Spouse 888-88-8888 Hannah L Bozinski N 1/1/1951 65+ Only Retiree Spouse Retiree Cost Spouse Cost Monthly Cost 65+ Dental/Vision/Hearing n y $90 $0 $90 Less Earned Credit $0 $0 Personal DVH Cost $0 $90 Pre-Medicare Only Pre-Medicare Medical y $450 $450 $0 Pre-Medicare Rx y $120 $120 $0 Pre-Medicare DVH y $90 $90 $0 Total Pre-Medicare Cost $660 $0 Less Pre-Medicare Earned Cr. $0 $0 Personal Pre-Medicare Cost $660 $0 Non-MC Child Below 26 Name DOB SS# Total Non-Medicare Cost $0 Less Non-MC Earned Credit $0 Personal Non-Medicare Cost $0 $660 $90 Total Personal Monthly Cost $750 Monthly Payroll Withholding for SHARP

Pre ‐ Medicare: Both <65 with a child under 26, 39 Yrs SC. SUPPLEMENTAL HEALTHCARE, ADVENTIST RETIREMENT PLAN Required Enrollment Form for 2017 DOB SS# Church Service Only Eligible for Assistance? Y or N Retiree Tony L Bozinski 1/1/1953 999-99-9999 N Spouse 888-88-8888 Hannah L Bozinski N 1/1/1954 65+ Only Retiree Spouse Retiree Cost Spouse Cost Monthly Cost 65+ Dental/Vision/Hearing n n $90 $0 $0 Less Earned Credit $0 $0 Personal DVH Cost $0 $0 Pre-Medicare Only Pre-Medicare Medical y y $450 $450 $450 Pre-Medicare Rx y y $120 $120 $120 Pre-Medicare DVH y y $90 $90 $90 Total Pre-Medicare Cost $660 $660 Less Pre-Medicare Earned Cr. $0 $0 Personal Pre-Medicare Cost $660 $660 Non-MC Child Below 26 Name DOB SS# Date Turns 26 Courtney 1/1/2000 777-77-7777 $130 $130 1/1/2026 Total Non-Medicare Cost $130 Less Non-MC Earned Credit $0 Personal Non-Medicare Cost $130 Total Personal Monthly Cost $790 $660 $1,450 Monthly Payroll Withholding for SHARP

Hold The Phone! What about Dental/Vision/Hearing?  Provided by SHARP since 2002  Over 11,000 Retirees are currently participants in SHARP DVH Option  2016 Maximums ◦ Dental $2,200 ◦ Vision $ 400 ◦ Hearing $2,200 with One Year Lookback  Provided by Retirement with Payroll Deductions

Market Alternatives to DVH • Network or ‘Any Dentist’ • Deductible – Annual or One ‐ Time • Delay before Coverage • Annual Maximum • Preventative or Restorative

Two Ways to Look at SHARP’s DVH • I pay the net. DVH is cheap for the coverage I get. Only $25 each for a 35+ year Retiree and Eligible Spouse. Or, • I pay the gross. DVH total cost is actually $90 per month. If I opt out, annually $1,080 is available for Exchange options.