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TRS Retired Medical Insurance..it's changed!

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    #61
    Originally posted by ladybluearm View Post
    On the retirement plan I don’t think there are different levels, not the way I am reading it. If it were that would be great!
    I think you are correct about retirement insurance. I know I have a couple of friends who have retired in the past 2 years, and they dont like the insurance.

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      #62
      so you want people to feel enraged that your wife retired early and has to pay a little more for healthcare than the rest of us... who have to wait till we get medicare to retire.

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        #63
        Originally posted by bullhead44 View Post
        If they are teachers, they should already know it
        So is that just your opinion then?

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          #64
          Originally posted by DRT View Post
          That's why I carry my wife on my insurance. Teacher benefits sick. We can spend $712 billion a year on bombs and new jets we don't need but can't take care of our educators.

          Gary
          THIS. How many trillions of dollars have we wasted meddling around in God awful places since Vietnam?

          Side note - I can have this opinion and still respect and honor veterans of all the wars I may disagree with.

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            #65
            Teachers will know about the insurance when they go to a retirement seminar. I have been to two of them with my wife, and it is all explained then. When she retired we decided it was best for her to take the TRS insurance. I will have 30 years very soon, and will take it as well. Not the best, but surely not the worst either.

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              #66
              Originally posted by bullhead44 View Post
              The state is trying get people to stop retiring at an early age. The old rule of 80 makes it possible to retire in your mid 50’s. Now they are penalizing people who retire early by hitting them with high health care premiums and deductibles. People coming into the profession now will not have the option of retiring at the rule of 80. It used to be one of the few perks of the teaching profession. Now, not so much
              Yes and the city as well but you can't abuse and over use your employees and expect them to put up with it for any longer than they have to. Fortunately there are enough who love teaching that hang in there for the kids long after they are eligible for retirement.
              They keep piling requirements and documentation on teachers forcing them to be at work 10+ hours a day and then a couple hours of work nightly not to mention work on weekends and continuing education in the summer. It's shameful how little we value our teachers, how little support our education system gets and how grossly ignorant most people are to the challenges our educators face.

              Gary

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                #67
                Originally posted by jmeghunts View Post
                So is that just your opinion then?
                The TRS website gives tons of information about it. All teachers also have access to "my TRS" which will be show them exactly how much they have in their retirement account. There is a retirement calculator on it which will show you when you are eligible to retire and how much each check will be.

                I guess my opinion would be that if they dont have information on retirement, they have made no effort to find out about it. There is also lots of information on the website about retirement insurance. I used to not be as informed as I am now, but since I am getting closer to being retirement eligible, I have looked into it more.

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                  #68
                  Originally posted by Burnadell View Post
                  That’s the way I have always had to handle it. The deductible has to be met before the insurance policy pays. That’s what a deductible is.
                  For me/family, doctor visits co-pay is seperate from deductible. Man hope that doesn’t change

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                    #69
                    Originally posted by tx_basser View Post
                    so you want people to feel enraged that your wife retired early and has to pay a little more for healthcare than the rest of us... who have to wait till we get medicare to retire.
                    Retired early? He said she did 30+ years didn't he? I have been a teacher for 14 years and am looking to get out. The pay doesn't justify it anymore. Do I make a decent living? yes. But I have been looking for other work where I can make triple the amount of money and actually afford to save some moeny and invest.

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                      #70
                      Originally posted by Huntingfool View Post
                      No it means pay attention when open enrollment comes around - read the information they send you - don't get mad at me - I am just telling you that the benefits do not just "change" without TRS and the insurance company notifying you

                      Sorry you are in this position

                      So if they notify me and I don't like the change --- I can just say no thanks-- I'll just stick with my OLD plan. If your retired on a pension you worked for 30 plus years they shouldn't be able to just decide to change it.

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                        #71
                        Originally posted by bullhead44 View Post
                        The TRS website gives tons of information about it. All teachers also have access to "my TRS" which will be show them exactly how much they have in their retirement account. There is a retirement calculator on it which will show you when you are eligible to retire and how much each check will be.

                        I guess my opinion would be that if they dont have information on retirement, they have made no effort to find out about it. There is also lots of information on the website about retirement insurance. I used to not be as informed as I am now, but since I am getting closer to being retirement eligible, I have looked into it more.
                        You wrote, "Now they are penalizing people who retire early by hitting them with high health care premiums and deductibles.". I searched the TRS site and cannot find any penalty for taking retirement when eligible. My wife is in the TRS system so if you find the exact penalty please let me know so she can avoid it.

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                          #72
                          Originally posted by Burnadell View Post
                          Simple. Healthcare costs have risen exponentially and lawsuits against the medical industry have grown exponentially, thereby causing more rising costs. Insurance companies are here to make money, and MANY healthcare plans for retirees are just not sustainable at previous premiums, especially with pre-existing conditions.

                          I still can't imagine that with the previous TRS healthcare plan, participants paid copays BEFORE they reached the deductible? That may be correct, but that just doesn't seem to correlate to most insurance policies I have had...but I am not familiar with TRS insurance.
                          I pay a $30 copay to go see my doctor no matter my deductible status. $40 for a specialist.

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                            #73
                            Originally posted by jmeghunts View Post
                            You wrote, "Now they are penalizing people who retire early by hitting them with high health care premiums and deductibles.". I searched the TRS site and cannot find any penalty for taking retirement when eligible. My wife is in the TRS system so if you find the exact penalty please let me know so she can avoid it.

                            I guess you misunderstood the "penalty " statement. there is no actual penalty. They changed the insurance 2 years ago for people who retire before they are eligible for medicare. By "penalty" I mean they are now charged more $ for less coverage. Ask your wife about it. She should be able to fill you in.

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                              #74
                              Originally posted by bullhead44 View Post
                              I guess you misunderstood the "penalty " statement. there is no actual penalty. They changed the insurance 2 years ago for people who retire before they are eligible for medicare. By "penalty" I mean they are now charged more $ for less coverage. Ask your wife about it. She should be able to fill you in.
                              Ok thanks.

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                                #75
                                It’s difficult when you are vested and looking long term towards retirement. I am ERS and the state and many local municipalities revise their rising healthcare contracts to save current rising healthcare costs by restructuring plans, which includes retirement benefits to keep costs down for current employees. It’s a numbers game to executive staff, but basically current employees rates or retired employees rate increase. It sucks as someone takes the hit and it should be revised on a national level.

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