Insurance Choices Post-Retirement

Welcome to myCPE

Reviewed

February, 2024

Learning Objectives

To review the key health and other insurance pieces of the FERS package.
To identify which other aspects of FERS benefits are tied to health and other insurance choices.
To explain Medicare.
To analyze how Medicare integrates with FERS.

Course Description

This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. While some may be covered under CSRS, most current civilian employees are covered by FERS.

With all the acronyms, it can be a confusing word salad of civil service retirement benefits. Nowhere is this word salad more evident than in the myriad of health and other insurance benefits under FERS. While FERS is certainly designed to provide robust benefits, making informed choices that impact survivor benefits, your healthcare, and the healthcare of your spouse or dependent children, are key aspects of a comprehensive retirement strategy.

This CPE Finance webinar provides in-depth information on health and insurance puzzle pieces.

FSA, HSA, FEGLI, and FEHB are only a few of the programs where benefits can be impacted in retirement. If one of the goals of retirement planning is about managing risks, these are key risks to manage.

As Medicare and FERS integration can be extremely confusing, we have devoted an entire webinar to those choices, although we will discuss the intersectionality of federal health benefits and Medicare briefly, here. We will continue to build out your FERS retirement puzzle.

FERS, however, does not cover military personnel or employees of state or local governments. Employees under FERS receive retirement benefits from three sources: the basic benefit plan, Social Security, and the Thrift Savings Plan, or TSP.

Wherever you are in your career with the federal government, this CPE webinar by Ilene Slatko will give you the tools and knowledge to make the choices necessary to have a successful financial future.

Overview

FEHB

7 mins
FEGLI

12 mins
FSA and HSA

23 mins
Integration key points

33 mins
Worksheet for benefits

37 mins

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CE Credit of Risk Management and Insurance Planning for Certified Financial Planner (CFP-US) (Approval No. 321317)
1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
1 CPD Credit of Personal Financial Planning for Personal Financial Specialist (PFS)
1 PL Credit of Finance for Chartered Financial Analyst (CFA)
1 CE Credit of Finance for Chartered Financial Consultant (ChFC)
1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CE Credit for Certified Wealth Strategist (CWS)
1 CE Credit of Finance for Retirement Income Certified Professional (RICP)
1 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
1 CE Credit of Finance for Financial Services Certified Professional (FSCP)
1 CE Credit of Finance for Wealth Management Certified Professional (WMCP)
1 CE Credit of Retirement Planning for Chartered Life Underwriter (CLU)
1 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
1 CE Credit of Finance for Chartered Advisor in Senior Living (CASL)
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 PL Credit of Finance for CIPM
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CE Credit of Finance for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Ilene Slatko

Principal, DSS Consulting

For the past 35 years Ilene has provided financial literacy and investment education for individual clients to enhance their understanding of money, finances, and investments; and to organizations with a particular emphasis on retirement planning. She has worked for notable Washington, DC area investment companies in management and in building organizational depth in financial education.

Ms. Slatko has significant experience in the areas of leadership development, team development, career development, executive coaching and talent management. She has expertise in designing learning solutions – virtual instructor-led training and instructor-led -- to meet the unique challenges of clients. She was a key provider of executive and employee education for The Southland Corporation, U.S. Mapping, Century 21, and ERA Real Estate. She has worked with executives and leaders in the areas of communication, selling, client management, leadership development, and team development.

Ms. Slatko has extensive experience in Federal retirement programs and training federal employees. When the previous retirement system was replaced by FERS, Ilene was at the forefront of presentations to educate affected employees in their choices. She has been a trainer for retirement presentations at agencies throughout the DC area,

She has been a speaker at conferences including the Army Materiel Command Women’s Financial Day, Delaware Women’s Conference, and numerous youth financial literacy programs. Ms. Slatko is currently the host of a weekly Roku and Apple TV show called, The *It Show, the first financial program designed specifically for young women. In addition, she has been the Director of Training for companies in the financial and real estate fields.

Ilene is an alumna of Marietta College where she studied Drama, Speech, and English.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.3

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Roberta Lasalvia, CPA (US)

Good information to know and understand especially with living in an area with an Airforce base and many retirees.

Jayne Brittle, CPA (US)

Very useful info presented concisely

Cynthia Anderson, CPA (US)

great presentation

Scott Vick, CPA (US)

Course was helpful for general retirement/insurance decisons. Was not aware, until a few minutes into the webinar, that this really is only for civil service or government employees.