2012 Chapter Presidents Symposium Spouse Benefits Brief

Transcription

1 2012 Chapter Presidents Symposium Spouse Benefits Brief Presented by Shane Ostrom, CFP Lt Col, USAF (Ret) Deputy Director, Benefits Info Department Military Officers Association of America

2 Your Benefits Information and Financial Education Department (BIFE)

3 BIFE Mission Recruit, Retain & Serve MOAA members and families thru accurate, timely, comprehensive communications: Outreach Programs Print / Electronic Media Member Service Benefits Counseling Financial Education

4 Who s Who in the BIFE Dept? Director CAPT Bud Schneeweis, USCG Ret., CFP Deputy Directors CDR Katherine O Neill Tracy, USN Ret. LTC Jacqualine Arnold, USA Ret. LtCol Shane Ostrom, USAF Ret., CFP

5 Outreach Programs Inform & Educate Conduct 120 Presentations a year: Retiree Appreciation Days A/D Transition Seminars G/R Benefits Seminars Benefits Updates Financial Education Spouse Outreach MOAA Chapter Visits

6 Financial Planning Opening Doors Financial Education Active Duty Transition Seminars Active Duty Career Courses MOAA Chapters Web-based Financial Education Center Provides timely financial information on broad range of topics Joint Seminars Support TOPS Program & Career Fairs Answers Members Inquiries General tax and financial planning topics

7 BIFE: Impact Online & in Print Military Officer Magazine (MOM) Rapid Fire features Ask Bud Column Financial Education & other articles Today s Officer Online Benefits Information Articles Financial Education Articles News Exchange (Bi-weekly online news ltr) Benefits Information Articles Financial Education Articles Publications & Checklists Financial, Benefits, Health Care & Spouse Web Content Financial Blog: Financial Frontlines Health Care Blog: Health Care Happenings

8 Publications

9 Member Services Expertise for AD, G/R, Retired, Survivors & Families in: Military Benefits TRICARE Social Security/Medicare Federal/OPM Issues Veterans Affairs Financial Planning & Education Personal Affairs Research & Publications Spouse and Family Issues

10 Personal Affairs

11 Personal Affairs at the Personal Level Gather Information Today Get the Facts: Use creditable sources Review Annually

12 Personal Affairs at the Personal Level Get Personal Affairs in order Update your Will, Trust, Living Will Gather Documentation Complete Personal Affairs Workbook

13 Personal Affairs at the Personal Level Documentation Readily Available Birth Certificates Marriage Certificates Divorce Decree Changes in name Death Certificate Separation Documents DD Form 214 Retirement Orders

14 Personal Affairs at the Personal Level Money set aside For surviving spouse days Immediate living expenses after sponsor s death

15 Personal Affairs Committees Why PA Committees? Chapter s first response for member care & information Chapter Population is Aging Survivor Assistance is Needed Reference Source Close to Home

16 Personal Affairs Committees Chapter s education & response effort for member information & support Pre-Need Planning Time-of-Need Response Benefits Resource

17 Help Your Survivors Now! Potential Financial Benefits Entitlements Personal Affairs Personal Affairs Workbook Checklist

18 Military Burial Guide Arlington National Cemetery State/Overseas/VA Cemeteries Entitlements to Interment

19 How You Can Help Stay Informed Advocate to improve benefit shortfalls Promote BIDs services, tools & publications Recommend us as Speakers Network w/local AD, G/R, Ret. & Spouse/Family activities Provide personal POC s in local organizations for us to follow-up Provide feedback - let us know: Your questions & concerns How we can improve Support Chapters Personal Affairs Committees Auxiliary Liaisons

20 Let s Talk Military Benefits The Latest Info on Your Benefits

21 Tricare Update

22 TRICARE/TFL The TRICARE Health Plan Serves more than 9.2 million beneficiaries! Standard Fee for service Extra Preferred Provider Prime Managed care (HMO) Prime Remote TRICARE For Life (TFL) Eligible for Medicare Part A Enrolled in Medicare Part B Valid Military ID Card

23 Military Retiree Health Coverage (Under Age 65) TRICARE Standard (Fee For Service) $150/$300 Deductible 20-25% Outpatient Copay $708/Day or 25% Inpatient Copay On Your Own to Find Doctor TRICARE Prime (HMO) $260/$520 Enrollment Fee Copay: $12 Outpatient/$11 Inpatient Guaranteed Access Standards

24 TRICARE -- Pharmacy Benefit Military Treatment Facility (MTF) Tricare Retail Pharmacy (TRRx) Tricare Mail Order Pharmacy (TMOP) Not available if covered by another drug plan Out of Tricare network retail pharmacy

25 Point of Service Generics Rx Co-Pays Brand Name MTF $0 $0 $0 Non- Formulary TMOP (<90 day supply) Retail Network (<30 day supply) $0 $9 $25 $5 $12 $25 Non- Network (Annual Ded. Must Be Met) Greater of $12 or 20% of total cost Greater of $12 or 20% of total cost Greater of $25 or 20%

26 Tricare For Life Issues Tricare is a Medicare Supplement Tricare invisible to health care community Just find a Medicare doctor No need to mention Tricare Additional coverage adds complexities Probably over insured Don t need to show the military ID card

27 2012 Medicare Part B Premiums Single Filer INCOME Married Filing Jointly Member s Portion of Cost Share with Govt. Monthly Premium per Person Below $85,000 Below $170,000 25% $ , , , ,000 35% $ , , , ,000 50% $ , , , ,000 65% $ Above 214,000 Above 428,000 80% $319.70

28 DoD-Proposed Fees (TRICARE Prime Family) Fees Retired Pay Current FY13 FY17 <$22,589 (E-1 to E-6) $22.6K - $45.2K (E-7 to O-4) $45.2K+ (W-4/O-5+) $520 $680 $893 $520 $720 $1,523 $520 $820 $2,048

29 DoD-Proposed Fees (TRICARE Standard Family) Current FY13 FY17 Ann. Enroll. Fee $0 $140 $250 Deductible $300 $320 $580 Total* $300 $460 $830 *Plus 25% copay for all care

30 DoD-Proposed Fee (Medicare-Eligible Couple) Annual TFL Enroll. Fee Retired Pay Current FY13 FY17 <$22,589 (E-1 to E-6) $22.6K - $45.2K (E-7 to O-4) $45.2K+ (W-4/O-5+) $0 $70 $316 $0 $150 $634 $0 $230 $950

31 DoD-Proposed Rx Copays Retail FY12 FY13 FY17 Generic $5 $5 $9 Brand $12 $26 $34 Non-form. $25 N/A N/A Mail Order Generic $0 $0 $9 Brand $9 $26 $34 Non-form. $25 $51 $66

32 Medicare Part D Benefit Military Retirees and Their Spouses or Survivors DO NOT NEED to Participate in Medicare Part D Programs

33 Survivor Benefit Program (SBP)

34 SBP: Social Security Offset Eliminated SS Offset phased out April 2008 Annuity payment is now: 55%* 55% is the max payout *Of Annuity Base Amount elected at retirement

35 Paid-Up SBP 360 Months of Payments >70 years of Age DFAS Dispute Period from Jan 01, Jun 30, 2009

36 SBP Still Not Fixed The SBP-DIC Offset Social Security Offset was eliminated The SBP-DIC Offset was not Offset is dollar-for-dollar: SBP $ - DIC $ SBP Benefit

37 Congress Admits SBP-DIC Offset Inequity 2008 and 2009 First Legislative Steps Established Special Survivor Indemnity Allowance (SSIA) 2008: Starting 2009, extra $50/mo payment with $10/mo added each yr for 5 yrs (2013) 2009: Extended SSIA ; $150, $200, $275, $310 All SSIA stops in 2018

38 Reserve Component SBP RC-SBP has two premium payments The RC portion for Gray Zone coverage Active portion for after age 60 Both paid at age 60 After member death RC premium stops now recent change

39 Permanent ID Cards FY 2005 Defense Authorization Act Spouses & Survivors 75 & Older Began Sep 05 FY 2007 Disabled dependents Began Jan 07 Strings atchd Financial support statement still required

40 The Effects of Remarriage on Benefits & Programs for Surviving Spouses

41 Military Benefits Upon Death of Military Member Surviving Spouse remains eligible for all benefits (medical care, commissary, exchange, theater, etc.) Except space-available travel

42 Military Benefits Effect of Remarriage (to a non-service member) Upon remarriage All military benefits suspended

43 Military Benefits Remarriage Terminates all benefits except medical will be reinstated (if subsequent marriage ends in death or divorce)

44 Military Survivor Benefit Plan (SBP) Upon Death of Military Member If elected SBP SBP Payments Begin

45 SBP Effect of Remarriage Before Age 55 SBP Payments Suspended Remarriage Terminates SBP Payments Reinstated

46 SBP Effect of Remarriage On or After Age 55 SBP Continues

47 Dependency & Indemnity Compensation (DIC) DIC is awarded to a surviving spouse of a disabled veteran: If the death is attributed to an injury or disease incurred on active duty Or - If the retiree had 100% VA disability rating 10+ years 5 continuous years from release of active duty Or - Former POW rated 100% one year prior to death

48 DIC Effect of Remarriage Before Age 57 DIC Suspended On/After Age 57 DIC continues Remarriage Terminates DIC Reinstated

49 DIC & SBP Offset SBP is reduced One $ for each $ received in DIC SBP premiums reimbursed - IF DIC is applied for within 1 year of service member s death

50 SBP & DIC Effect of Remarriage Before Age 55 SBP & DIC Suspended

51 SBP & DIC Effect of Remarriage On or After Age 55 but Before Age 57 DIC Suspended & SBP Increased*

52 SBP & DIC Effect of Remarriage On or After Age 57 BOTH SBP and DIC Paid In Full Thanks to the Sharp Case

53 Social Security Upon Death of Military Member Can receive Social Security Survivor Benefits Reduced rate Age 60

54 Social Security Effect of Remarriage Before Age 60 Not Eligible on Members Record Remarriage Terminates Eligibility Restored

55 Social Security Effect of Remarriage After Age 60 No Effect on Social Security Entitlements

56 CHAMPVA Family Members of Veterans Permanent & Total disability (service-connected) Service connected death Die while having 100% disability

57 CHAMPVA Effect of Remarriage Lose CHAMPVA Remarriage Terminates CHAMPVA Restored

58 Military Officers Association of America Benefits Information Department 201 N. Washington Street Alexandria, VA x116 BenInfo@moaa.org Web: