1 West Health-Gallup: The U.S. Healthcare Cost Crisis, 2019, Gallup.com
2, 4 EBRI Issue Brief, May 16, 2019, No. 481. 10. National average. Savings needed for Medigap Plan F premiums, Medicare Part B premiums and out-of-pocket (median) drug expenses. Does not include Long-Term Care. For a couple with a goal of having a 90 percent chance of having enough savings to cover health care expenses in retirement they need $301,000.
3 HealthView Services Financial: 2018 Retirement Health Care Costs Data Report
5 Assumes a 25% combined federal plus state income tax rate.
Interests in any retiree healthcare plan discussed herein are offered solely by the employer.
Teachers Insurance and Annuity Association of America (TIAA) will provide services to the plan and may issue plan communications on behalf of the plan sponsor, in its capacity as a plan recordkeeper. Emeriti, TIAA, CBIZ RPS, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated. The full name of Emeriti Retirement Health Solutions is The Emeriti Consortium for Retirement Health Solutions, an Illinois Nonprofit Corporation. Emeriti Retirement Health Solutions is not an insurance company, insurance broker or insurance provider.
The Emeriti Program is delivered in collaboration with TIAA, CBIZ RPS, Aetna Life Insurance Company, and Health Partners. CBIZ RPS is Emeriti’s disbursement recordkeeper for Emeriti group insurance administration and Emeriti medical expense reimbursement processing. CBIZ RPS is a Philadelphia company with more than 40 years of experience in full-service benefits services supporting employees and retirees in organizations nationwide.
Teachers Insurance and Annuity Association of America (TIAA) is Emeriti’s accumulation recordkeeper, trust services provider, and investment manager. TIAA is based in New York and has a century of distinguished service to the nonprofit community for financial services supporting retirement income security.
Aetna Life Insurance Company is the primary health insurer for the Emeriti Program, providing fully insured medical insurance and health-related products. For over 150 years, Aetna has been an innovator in the delivery of insurance solutions and is a nationwide provider of Medicare-approved Part D prescription drug services.
For Minnesota institutions and their Minnesota-resident retirees, HealthPartners provides participants with medical insurance and health-related products. HealthPartners is the largest consumer-governed nonprofit healthcare organization in the nation. TIAA Individual & Institutional Services, LLC serves as a broker-dealer with respect to underlying mutual funds only, and does not offer, market or sell interests in such plans or otherwise provide broker-dealer services with respect to the interests in such plans.
TIAA products may be subject to market and other risk factors. See the applicable product literature, or visit TIAA.org for details.