Learn

Understanding the Emeriti Program. The Emeriti Program has three main components:

• The Emeriti Health Accounts. A tax-advantaged way for you to invest and accumulate assets during your active years exclusively to help meet your retiree medical expenses.
• The Emeriti Health Insurance Plan Options. A specially designed retiree health insurance program for you, your spouse (or domestic partner if available through your institution), and your eligible dependents.
• The Emeriti Reimbursement Benefit. A tax-free way to pay for other qualified out-of-pocket medical expenses.

  Plan

Estimate the savings required to cover your retiree health care costs. Use the Retirement Health Care Cost Calculator to see an updated estimate of how much you (and your spouse) may need to have saved to cover your health care costs in retirement.

Review health plan premiums. Use the Emeriti Health Insurance Plan Option Rate Guide to see what your health plan premiums may be when you retire and enroll in an Emeriti Health Insurance Plan Option.

Check your Emeriti Health Account balance. Log on to Fidelity NetBenefits and see how you are progressing toward your goal by comparing your balances with the estimate that you received from the Retirement Health Care Cost Calculator. The premium estimates that you received from the Emeriti Health Insurance Plan Option Rate Guide may help you put together more realistic figures for your health care expenses in retirement.

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  Act

 
Checklist:

Track your investment savings. Throughout your career with your institution, as a participant in the Emeriti Program, you will receive annual statements. Use them to track your progress toward saving for your health care expenses in retirement. You can also log on to NetBenefits^SM and view your progress at any time, by selecting History within the Savings & Retirement tab.

Check the performance and the current asset allocation of your selected investment choices. Log on to Fidelity NetBenefits^SM, select Performance from the left-hand navigation bar under the Savings & Retirement tab, then choose the name of the fund you wish to find information on. To change your asset allocations, go to the Savings & Retirement tab and select Change Investments from the left-hand navigation.

Assess your level of contributions. If your plan allows voluntary contributions, you may want to increase or change your contribution from your paycheck to your Emeriti Health Account. You can do this online - just log on to NetBenefits and choose Payroll Deductions from the left-hand navigation under the Savings & Retirement tab.

Consider setting up automated contributions. If your plan allows voluntary contributions, you man want to set up automated contributions from your bank account into your Emeriti Health Account. If so, simply call 1-866-EMERITI (1-866-363-7484) to speak with an Emeriti Specialist at Fidelity and tell them that you want to set up automated contributions on your account. This allows you to supplement the amount that you already contribute to the plan through your paycheck. (Depending on your plan, and if you haven't exceeded limits, you may be allowed to contribute a lump sum on a quarterly basis. The minimum lump sum contribution is $250, quarterly.)

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