The following events have been scheduled to inform members about retirement planning and Medicare health care options for 2022. Additional information and registration instructions will be provided nearer to the events. Please pass this along to others who may be interested in one or more of these webinars.
- Tuesday, October 26—9:00 to 10:15 am, HCA/PEBB 2022 Medicare Rates. Ellen Wolfhagen, Health Care Authority Manager for the United Healthcare (UHC) Medicare Advantage-Prescription Drug (MA-PD) program will present on the outcomes of the new UHC option to Uniform Medical Plam (UMP). Given the recent announcement of the 2022 increase in UMP (up from $336 to $364 per month for a single subscriber), the 2022 UHC options ($125/month for “Balanced” and $148/month for “Complete”) clearly will be of interest to a number of retirees. The reasons for the rate differences will be explained, as will the differences between the two plans. Following Ellen’s presentation, a Q and A session is scheduled.
- Thursday, October 28--4:30 to 6:30 pm, The Department of Retirement Systems (DRS) and the Health Care Authority (PEBB) will present the first part of a 101 level review of basic retirement planning. This will be similar to the WSSRA-sponsored webinar that took place last April. Active employees within five years of retirement particularly will benefit from the information provided. Once again, following the presentations a Q and A opportunity will be provided.
- Thursday, November 4—4:30 to 6:15 pm, the second part of the basic review of retirement planning will focus on Social Security/Medicare and VEBA. This also will follow the format of last spring’s presentation. We found that dividing the presentations into two separate sessions avoided the rush and “too-much-information-at-once” challenges that came with one lengthy presentation.
- Tuesday, November 9—4:30 to 5:45 pm, WSSRA/ DRS New School Employee Retirement Planning Webinar. This brand new event is designed for newly hired school employees. By early November this group will be approaching their non-revocable 90-day deadline to choose between Plan 2 or Plan 3. DRS will be on hand to explain the differences between both plans, and will provide information on state-sponsored deferred compensation. In addition, a financial planner will discuss the advantages of establishing a long-term savings plan and thinking about retirement security at the beginning of a K-12 career.
WSSRA Executive Director