How the RHSP works

OVERVIEW

Simple integrated solution

Provide retiree health security with individual health investment accounts, medical reimbursement in retirement, and optional group retiree health insurance.
WHAT IT INCLUDES

Triple tax-free investing for a lifetime of care

Contributions are directed to trusts set up specifically for the benefit of your employees. These trusts are overseen by TIAA-CREF Trust Company, FSB, a division of TIAA.
HOW THE PLAN IS FUNDED
 Plan sponsors adopt two VEBA trusts or governmental trusts (Section 115):  one for employer contributions and one for employee contributions, if elected.  These are the funding vehicles that provide the plan with triple tax free accumulation
 
HOW TIAA MANAGES FUNDS
   TIAA financial consultants can offer information to help you choose an investment menu tailored to your institution’s goals. Any investment earnings grow tax-free. Distributions are also tax-free if used for qualified medical expenses.
 
WHAT IT INCLUDES

Optional: National group retiree health insurance

Aetna Life Insurance Company underwrites Emeriti’s national group pre- and post-65 health insurance plans. Because the plans are designed exclusively for Emeriti, retirees get even richer coverage, extra benefits, and personalized decision-making support.
The Centers for Medicaid and Medicare Services (CMS) awarded Aetna’s Medicare Advantage national PPO plan 4 out of five (5) stars.* Aetna leads national competitors with 91% of members in 4+ out of five (5) star plans.
HOW IT WORKS

End-to-end benefits delivery and administration

A smarter way to address healthcare in retirement.
  • TAX-FREE HEALTHCARE SAVINGS
  • TAX-FREE REIMBURSEMENT
  • OPTIONAL GROUP RETIREE HEALTH INSURANCE
  • "TOTAL BENEFITS" PLANNING SUPPORT
  • OPTIMIZED RETIREMENT BENEFITS

  • FISCAL CONTROL AND PREDICTABILITY
  • OURSOURCED ADMINISTRATION
  • ONGOING COMPLIANCE AND REGULATORY SUPPORT
HOW IT WORKS

How the health insurance works

We help participants make the most of their plan.
Easy online and telephone enrollment
Onsite meetings for participants
Dedicated, toll-free service center and one-on-one counseling
Clear, easy-to-understand insurance enrollment kits
Easy-to-navigate secure website
Health- and plan-related education and targeted communications
GET STARTED

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We are ready to help you discover how Emeriti's Retirement Healthcare Savings Program can work at your organization.

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