Benefits

Benefits

Welcome to MRP’s Benefits website created for you by the Benefits servicing team located in the Human Resources Operations office in Minneapolis, MN. We provide information, guidance, and resources on Federal employee retirement and insurance benefits programs to our employees located throughout the nation. We process retirement applications, TSP contribution elections, and life and health insurance election forms. We determine creditable service for retirement, provide retirement calculations, and individual counseling to employees. We also assist beneficiaries with filing retirement and insurance claims when an employee dies. In addition, we provide retirement and benefits webinar and VTC sessions for agency employee meetings.
 

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Calendar of Events/Training

October - 
Affordable Care Act Individual Shared Responsibility Provision

Beginning January 1, 2014 the Affordable Care Act (ACA) Individual Shared Responsibility provision requires the federal government, state government, insurers, employers, and individuals to share responsibility to reform and improve the availability, quality, and affordability of health insurance coverage in the United States. To find out more on how this provision affects you, click (Health Care Reform FEHB Fast Facts).

Health Insurance Marketplace Coverage Options

The Health Insurance Marketplace is a new way to buy health insurance. The Marketplace can help you evaluate your coverage options, including your eligibility for coverage through the Market place and its cost.

The Marketplace is for individuals and families who may not be eligible to enroll in their employer sponsored plans or who may be eligible to enroll but who are evaluating coverage based on affordability issues and concerns. For more information, click (New Health Insurance Marketplace Coverage Options and Your Health coverage).

The Federal Employees Health Benefits (FEHB) program and the Affordable Care Act Provisions

If you are currently eligible or enrolled in a health insurance plan under the FEHB program and would like to know more about how the Health Insurance Marketplace works with the FEHB program, please click (Health Insurance Marketplace Notice to Federal Employees).

September - 

2014 FEHB Premiums

The Federal Benefits Open Season Press Release announcing the 2014 premiums rates was issued on Tuesday, September 24, 2013.  A copy of the Press Release is available at www.opm.gov/news/releases/2013/09/fehb-rates-announcement/.


Federal Long Term Care Insurance Program (FLTCIP) Virtual Health Fair

Employees can log into the FLTCIP virtual health fair (Tuesday - Thursdays, October 13 - December 6, 10 AM - 2 PM ET). At the FLTCIP virtual health fair, you can easily find the information you need to learn more about this important benefit today:

  • register for upcoming FLTCIP webinars and view recorded events
  • review FLTCIP materials before applying
  • chat online with a FLTCIP representative - ask any questions you may have for yourself or your qualified family members before and after webinars*


*This service is offered to those who are not already enrolled in the FLTCIP. To register for any of the events listed below, visit www.LTCFEDS.com/webinar.


Fall FLTCIP Webinar Schedule

Making the Most of Your Military Service

October 8, 2 p.m. ET

Are you a Federal employee with military service or a full military retirement? Learn how to receive credit for your military service and how it can affect your Federal civilian annuity. Join James Marshall of Federal Retirement Planning, LLC, as he discusses options you might not have considered and shows how to utilize all the retirement benefits, including long term care insurance, available to you.

Do You Need a Financial Advisor?

October 16, 2 p.m. ET

There is no one-size-fits-all when it comes to Federal retirement planning. Many people manage fine alone, but others prefer professional guidance when it comes to managing critical retirement assets. Join Sherry Casas, president and founder of Retirement Training and Coaching Services, Inc., as she reviews the pros and cons of each of your Thrift Savings Plan options at retirement, distributions, and planning ahead for health and long term care costs. We'll also review the role a financial professional could play in personalizing your overall financial plan.

Are You Covered? The Distinct Roles of Health, Disability, and Long Term Care Insurance

November 13, 2 p.m. ET

Your Federal Employee Health Benefits plan plays a significant role, meeting your medical needs and providing preventative care to keep you healthy. But it may not do everything you expect it to, such as replace income if you can no longer work or provide reimbursement for services should you need assistance with activities of daily living. Join Sherry Casas, president and founder of Retirement Training and Coaching Services, Inc., as she explores the unique roles health, disability, and long term care insurance can play during your career and into retirement.

July -

The Supreme Court decided as of June 26, 2013, that Section 3 of the Defense of Marriage Act of 1996 was unconstitutional. As a result of the newly issued decision, OPM is now able to offer same-sex spouse and newly eligible step-children the opportunity for coverage under the Federal benefit programs. For enrollment information, click here (PDF).

March -

  • WARNING from TSP

Apple App store offering TSP App not sanctioned by TSP - A free iPhone App, TSP Funds, currently being offered through the Apple App store asks TSP participants for their account login information. This app is not being offered through the TSP and the TSP does not recommend using this application to access your TSP account. Providing this information could result in a security risk to your account.

https://www.tsp.gov/whatsnew/plan/planNews.shtml#iPhoneApp

  • Spring FLTCIP webinars are available!

To register for any of the events listed below, visit www.LTCFEDS.com/webinar.

Retirement Benefits Planning, Part 1: Getting the Big Picture

(March 19, 2 p.m. ET)
For most of us, maintaining our accustomed lifestyle in retirement requires planning. Which benefits should you elect and carry into retirement, and how will you juggle all the pieces? Join Sherry Casas, President and Founder of Retirement Training and Coaching Services, Inc., as she helps you understand the big picture - and possible missing pieces - of your retirement puzzle. This webinar also reviews the importance of planning for long term care and the FLTCIP.

Baby Boomers Approaching Retirement: Are You Ready?

(March 21, 2 p.m. ET)
Living life to the fullest and maintaining your accustomed lifestyle in retirement requires planning ahead. Join Sandra Timmermann, EdD, Executive Director of the MetLife Mature Market Institute, as she reviews the research on the "silver tsunami" and details the steps you can take to help secure a comfortable and fulfilling retirement.

Caregiving

(April 16, 2 p.m. ET)
Caregiving is one of the most stressful situations a family can face. Is your family prepared? Join us as Mary Lou McGuinness, Senior Long Term Care Specialist of Long Term Care Partners, LLC, hosts an open discussion on the many stages of caregiving and the issues surrounding providing long term care for a loved one, with helpful resources for caregivers and details about the FLTCIP's benefits and features.

Going from Accumulation to Distribution: What's Your Retirement Income IQ?

(April 18, 2 p.m. ET)
How much do you know about retirement income? What's your retirement income IQ and how well would you score? Join us as Sandra Timmerman, EdD, Executive Director, and John Migliaccio, PhD, Director of Research, both of the MetLife Mature Market Institute, review the results of the MetLife Mature Market Institutes' latest retirement income IQ study and provide you with more ideas to help make the most of your money in retirement.

Retirement Benefits Planning, Part 2: Focusing on the Details That Can Put Money in Your Pocket

(April 23, 2 p.m. ET)
Once you have the big picture in place, it's important to look at the finer details that can help you maximize the benefits available to you. Join Sherry Casas, President and Founder of Retirement Training and Coaching Services, Inc., as she covers tips that can add to your bottom line. Topics include:

  • picking the right retirement date
  • delaying Social Security for a larger monthly benefit
  • maximizing opportunity with deposits and redeposits
  • how applying to the FLTCIP and decreasing Federal Employees' Group Life Insurance coverage can help secure your overall retirement plan

February -

The Office of Personnel Management’s (OPM) webcast on Economic Empowerment as the Next Civil Rights Priority is now on the OPM YouTube Channel at:

http://www.youtube.com/watch?v=UcufKlvWvXQ&list=PL324FE04D07ACF7AD&index=1

The goal of this webcast is to invigorate the conversation about retirement savings behavior among federal employees, highlight practices to promote savings behavior, and raise awareness of the magnitude of savings disparities across racial and ethnic groups. The discussion highlighted studies on retirement security as well as findings on federal employee Thrift Savings Plan participation patterns and the importance of saving today for a dignified retirement.

 



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