IBC Retiree Benefits Program
May 12, 2012
1
1.
2.
3.
What is the IBC?
How Will the IBC Retiree Consortium Work?
How Will the IBC Benefits Program Impact
A. Retirees?
B. Unions?
C. School Districts?
4.
5.
What Needs to be Done to Participate?
Feedback
2


Formed in 2001 to Assist School Districts with
Benefit and Retirement Related Initiatives
Member Organizations
◦
◦
◦
◦


Florida
Florida
Florida
Florida
Education Association
School Boards Association
Association of District School Superintendents
Association of School Administrators
Decisions on Initiatives Reached Through
Consensus of Organizations
Transparency of Operations
3

Concerns
◦ Long Term Status of Health Insurance Subsidy
◦ GASB Liability
◦ Possible State Mandates on the Selection of Health Plans

School District Selection for Retirees is Limited
◦ Few Options Within Individual School Districts
◦ Many School Districts Have Only Local Coverage



Cost of Coverage is too High for Many Retirees
Many Retirees Get Own Coverage at Age 65
Retiree Benefits Can be Confusing
4





IBC Formed a Statewide Florida Retired School
Employee Benefits Consortium (IBC Consortium)
School Districts Will Have the Option to Join the
IBC Consortium Through an Interlocal
Participation Agreement
The IBC Consortium Will Consolidate Retiree
Benefits Under a Single Public Agency
All Eligible Retirees Over 65, and Dependents, Will
Get Their Benefits Through the IBC Consortium
The IBC Consortium Will be Managed Through an
Independent Board of Directors
5
Name
Office
District
Appointment
Chairperson
Retiree
IBC Consensus
Kathy Breakall
Vice-Chair
Escambia
FEA
Boyd Karns
Treasurer
Seminole
FASA
Lee Swift
Secretary
Charlotte
FSBA
Bob Barnett
Member
Miami-Dade
FEA
Temp.
FADSS
FADSS
Daneen Regna
Member
Retiree
IBC Consensus
Kevin Windham
Member
Escambia
IBC Consensus
Mary Tillman
Member
Pasco
IBC Consensus
Nuri Ayres
Don Griesheimer
6

Offer Several Health Plan Options, Not Available in
Open Market, in Each Region
◦ Medicare Advantage
 Zero Premium
 Premier Plan
◦ Medicare Supplement (Medigap) Plans A, F, and N
◦ Medicare Part D Pharmacy
 Basic Plan
 Comprehensive


Offer Non-Medical Insurance Plan Options
Offer Retiree Coverage Beginning on 1-1-2013
With Enrollment in November
7





Retirees Will Have Regional, State, and National
Choices and Can Select Only the Coverage They
Need
Retirees Will Have Several Non-Medical Insurance
Options to Meet Their Needs
Retirees Who Dropped District Coverage Will Have
the Option to Come Back in the Future
Retirees Moving to Another Part of Florida, or the
Nation, Will be Able to Change Coverage
The IBC Consortium’s Only Focus Will be Retiree
Benefits
8


An IBC Consortium Benefits Booklet Will Contain
Summary Information on All Benefits
Enrollment Meetings Will be Held in Each
Participating School District by the Consortium
◦ Personal Assistance Will be Available to Help
Retirees Understand Their Options
◦ Enrollment Assistance Will be Available


Website and Telephone Customer Assistance Will
be Available Throughout the Year
Each School District Will Have a Local Retiree
Representative to Answer Questions
9






Retirees Will Have More Benefit Choices and Can
Select Only What They Need
Choices Will be Tailored to Retiree Needs
Retiree Premiums Will be Significantly Lower Than
Active Employee Premiums
Personal Assistance Will be Available to Help
Retirees With Their Questions and Options
Retirees Will be Able to Change Coverage if They
Move
Retirees Will Have a Trusted Advocate in the IBC
Consortium
10

Improved Benefits for Retirees
◦ More Choices for Medical and Pharmacy Options
◦ Lower Premium Options
◦ Portability of Coverage




Improved Protection of Retiree Benefits
Improved Access for Retirees Who Left the School
District Plans to Re-Join
Cost of the Active Employee Health Plan May be
Cheaper
Retiree Benefit Concerns Will be Addressed by a
Dedicated Retiree Service Staff
11



Significant Reduction in GASB Liability
Cost of the Active Employee Health Plan May be
Cheaper
Lessoning of School District Administration for
Retirees
◦ Procurement of Services Consolidated in the IBC
Consortium
◦ Annual Enrollment and Benefit Booklets Become the
Responsibility of the IBC Consortium
◦ Customer Service Provided by IBC Consortium

Improved Options for Retirees
12


School District Union and Management Review
and Agreement to Concept
Review the IBC Consortium Documents
◦ Consortium Interlocal Agreement
◦ Consortium By-laws
◦ School District Participation Agreement

Participating School District Acceptance

Schedule Meetings to Discuss IBC Consortium
Program with Retirees
◦ School Board Approval by August 22 for January
2013 Coverage
◦ Payment of One-Time Administrative Fee
13
Feedback, Questions, and
Comments
14