OP&F News

Aon to assist OP&F with health care exchange services

While important decisions will be made in the coming months, trustees worked with staff and OP&F’s new health care partner, Aon, during the December Board meetings to establish a framework for the new retiree health care plan scheduled to be implemented on Jan. 1, 2019.

Although the self-insured health care plan will be ending, the structure of the old plan will tentatively serve as a guideline for the new plan design. The new plan will assist retirees in selecting a health care plan from the marketplace and include a fixed-cost monthly stipend to assist in paying associated costs.

The current eligibility structure is expected to be adopted for the new plan, meaning that to receive a stipend a retiree must not have access to group health care coverage. Also, if a retiree has waived OP&F coverage in the past, they would not be eligible for the stipend unless a qualifying event occurs (marriage, death, divorce, the involuntary loss of group coverage, or the date of Medicare eligibility).

The stipend amount has not been set. However, it is the desire of the Board to create stipend levels that will provide meaningful financial support for Medicare and non-Medicare retirees.

>A poverty-level subsidy will likely be adopted, similar to the current assistance given to families who qualify.

Aon will assist retirees in choosing an appropriate health care plan for their needs. Access to Aon’s services will be for all retired members and dependents, whether they are eligible for the stipend or not. There is no charge to the member for using the services offered by Aon.

At the Nov. 15, 2017 Board Meeting, the OP&F Trustees directed staff to begin contract discussions with Aon to provide health care exchange services for our membership.

In recognition of the declining funds available for retiree health care, the Board looked for a more efficient use of funds still available in an effort to extend solvency of the trust from nine years to 15 years. The self-insured model, which has been in place for many years, is not sustainable. To remain status quo would deplete the health care trust at an increasingly rapid rate.

The Board’s decision to restructure how OP&F offers retiree health care and efficiently use the estimated $900 million in assets held in the Health Care Solvency Fund is targeted to transition as of Jan. 1, 2019. Of course, the Board reserves the right to defer implementation if necessary. Though OP&F will no longer manage a self-insured health care program, it will continue to provide a strong health care exchange provider. OP&F has full confidence in Aon that they will assist members in transitioning to this new model.

Aon has been active in the private market health care exchange arena for many years and is considered one of the best in class for this important service. The Board would like to thank UnitedHealthcare for servicing our membership under the self-insured model for many years. We will remain with UnitedHealthcare under the current self-insured model, through Dec. 31, 2018.

OP&F asks membership to be patient as the Board and staff develop the specifics of this new model. There are many decisions to be made including the specific monthly stipend amount. OP&F remains committed to supporting OP&F members in acquiring health insurance after retirement.

As the decision process unfolds, OP&F will continue to update stakeholder groups and continue to ask for input as new rules and conditions are developed for OP&F’s future health care offering.

Other News

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- Posted October 17, 2019
Latest actuarial study shows OP&F still meets funding requirements
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Member’s Report Fall Newsletter now available
- Posted October 07, 2019
Aon hosting webinars for those unable to attend meetings in person
- Posted October 01, 2019
OP&F Investment Notes, September 2019
- Posted September 26, 2019
Employer Self-Serve Web Reporting video now available
- Posted September 24, 2019
Boy Scouts Annual Flag Raising Ceremony
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Budget award presented to OP&F
- Posted September 04, 2019
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- Posted August 29, 2019
Aon schedules statewide health care meetings for September
- Posted August 15, 2019
The Bridge to present at three OP&F pre-retirement seminars
- Posted July 24, 2019
Member’s Report Summer Newsletter now available
- Posted July 08, 2019
Monthly health care reimbursements affected by July 4th holiday
- Posted July 02, 2019
OP&F Investment Notes June 2019
- Posted June 21, 2019
New OP&F website design to be unveiled
- Posted June 17, 2019
Trustee election results announced
- Posted May 30, 2019
OP&F Investment Notes May 2019
- Posted May 23, 2019
Pre-Retirement Seminar dates set for August
- Posted May 22, 2019
Former trustee Martin Erbaugh passes
- Posted May 21, 2019
COBRA premiums now qualify for stipend use; open HRA for pre-Medicare set for 2020
- Posted May 08, 2019
OP&F Investment Notes April 2019
- Posted April 25, 2019
Member’s Report Spring Newsletter now available
- Posted April 16, 2019
Candidates confirmed for trustee elections
- Posted April 05, 2019
Deighton honored with award from Ohio Credit Union League
- Posted April 03, 2019
OP&F Investment Notes March 2019
- Posted March 21, 2019
Still need dental or vision coverage?
- Posted March 12, 2019
Maloney Stifler re-appointed to OP&F Board
- Posted March 07, 2019
Aon to open Columbus office dedicated to OP&F retirees
- Posted March 01, 2019
Changes proposed for 2020 retiree health care based on member feedback
- Posted March 01, 2019
OP&F Investment Notes February 2019
- Posted February 28, 2019
Let your elected officials know about health care
- Posted February 27, 2019
Aon update and apology
- Posted February 20, 2019
Trustee Deighton responds to health care transition criticism
- Posted February 19, 2019
Friendly reminder to OP&F members of the Aon HRA reimbursement process
- Posted February 06, 2019
OP&F responds to retiree health care questions
- Posted January 28, 2019
Board chair responds to petition
- Posted January 25, 2019
OP&F Investment Notes January 2019
- Posted January 24, 2019
OP&F implementing benefit increases to survivors of fallen officers
- Posted January 18, 2019
Retirees enrolled in health care, receiving reimbursements
- Posted January 11, 2019
Update: Aon to host webinars reviewing the reimbursement process
- Posted January 04, 2019
2019 Direct deposit dates for benefit payments
- Posted December 27, 2018
Member's Report Winter Newsletter now available
- Posted December 31, 2018
Health care enrollment still available
- Posted December 26, 2018
Your Spending Account brochure now posted online
- Posted December 21, 2018
OP&F Investment Notes December 2018
- Posted December 20, 2018
Dec. 15 deadline for pre-Medicare enrollment approaching
- Posted December 11, 2018
No plan on the eHealth exchange? Shop at healthcare.gov and still receive your stipend
- Posted December 05, 2018
DROP distribution deadlines for 2018
- Posted November 29, 2018
Retiree health care transition moving forward; Dec. 21 new Medicare enrollment date
- Posted November 21, 2018
Aon answers questions about health care transition at November Board meeting
- Posted November 16, 2018
Aon provides FAQ for pre-Medicare retirees and health care reimbursements
- Posted November 19, 2018
OP&F stipends in new health care model provides significant purchasing power
- Posted November 07, 2018
OP&F Customer Service phones down from 12-1 p.m.
- Posted November 06, 2018
To our members going through the Aon exchange transition
- Posted November 01, 2018
Aon adding more agents, opening Saturdays for appointments
- Posted October 30, 2018
OP&F Investment Notes October 2018
- Posted October 25, 2018
OP&F Customer Service phones down from 12-1 p.m.
- Posted October 23, 2018