2023 HR Insider Newsletter Spring edition

Spring 2023

Benefits

Retirement TCDRS Annual Statements

RETIREMENT CHECK-IN

HRA Rollovers

One of the steps you can take on your journey to retirement is reviewing your annual statement. Statements are available once you sign into your account at www.tcdrs.org. If you haven’t registered for online account access, you will need your account number. You can get your account number by calling Member Services at 800-823-7782, M - F 7:30 a.m.

The 90-day run-off period for the Health Reimbursement Arrangement (HRA) which gives you an opportunity to submit claims for reimbursements for the previous year, ended on March 31, 2023. Up to $2,500 of your remain- ing funds will rollover to the 2022 HRA plan and any remaining funds will rollover to your Retirement Health Savings (RHS) account. You may expect to see your rollover funds in your Proficient account by mid- April. The $2,500 of 2022 HRA funds will rollover as follows:

- 6:00 p.m. Once you sign into your online account, you can access your statement by going to the Documents section on your dashboard. From your online account, you can also update your contact information and benefi - ciaries, and run additional retirement estimates.

HDHP Plan - Up to $1,500 of your medical HRA will be combined with your 2023 medical HRA. Up to $1000 of your dental/vision HRA will be combined with your 2023 dental/vision HRA. PPO Plan -

Mission Square Retirement Upcoming Education Webinars Maximizing your retirement through Tax Planning Wednesday, April 12th - Taxes may be the hidden ex- pense in your retirement plan. Take a closer look at un- derstanding how taxes work, and how to prepare for

are steps you can take to maximize the possibility of a financially secure retirement. 10 Questions for a Successful Retirement: A Guide for the Retiree Wednesday, May 17th - Transitioning into and throu- gh retirement can be rewarding and challenging. So having a plan is important. We’ll focus on 10 key qu- estions you should ask, from saving, to Social Secu- rity and Medicare, and managing your investments, withdrawals, and taxes. An Introduction to Annuities Wednesday, May 24th - Baby Boomers are facing a re- tirement that may last 30 years or more. But many re- tirees will need to supplement their retirement income as fewer have access to traditional pension plans they can depend on. See if and how an annuity plays a role in your future. Making the Most of Social Security - Retirement in- come enhancing strategies Wednesday, May 31st - Understand the basic elements of the Social Security program and focus on strategies that can help make the most of the benefits you receive. College Funding: Investing in your child’s future Wednesday, June 14th - Understand the basic elements of the Social Security program and focus on strategies that can help make the most of the benefits you receive. Register HERE for all webinars. All webinars are held from 12:00 - 1:00 CST.

Up to $2500 will rollover to your 2023 HRA which can be used for medical, dental, and vision expenses. Employees identified as having funds rolling over to an RHS account for the first time will be contacted by Hilda Campos for completion of the appropriate documents to setup an RHS account.

and manage your tax liabilities in retirement. Taking your estate planning to the Next Level Wednesday, April 19th - Gain a better understanding of the Estate Tax system and if it affects you. Learn ways to consider minimizing estate taxes. Estate Planning: It’s not just for the wealthy. Quarterly Economic Overview Wednesday, April 26th - Join MissionSquare Retire- ment for an update on the financial markets for the most recent quarter. Roth IRA: A flexible & tax-efficient way to save for Retirement Wednesday, May 3rd - Roth IRAs have become popular retirement savings vehicles because if certain conditi- ons are satisfied, distributions are free from federal in - come taxes. Is a Roth IRA right for you? The answer is complicated and depends on your situation, including whether you believe you’ll be in a higher tax bracket in the future. Retirement Income Planning: Tips to help make your money last Wednesday, May 10th - Understanding how much in- come you’ll need to support the retirement you want, and positioning your assets to provide that income, is important. While there’s no one-size-fits-all plan, there

BCBS Special Beginnings Maternity Program The Blue Cross and Blue Shield of Texas (BCBSTX) Special Begin - ning maternity program is designed to help BCBSTX members and their babies get off to a healthy start by providing education materials and support, pregnancy risk factor identification, ongoing communica - tion/monitoring and access to an online resource center. Members are supported from early pregnancy through six weeks after delivery. Once a member enrolls in the program and completes a confidential questionnaire, they will receive a comprehensive educational book covering a multitude of pregnancy and infant care related topics. What It Provides • Follow up calls will be scheduled with the enrollee before and after delivery to: • Identify any risk factors that might adversely affect the pregnancy • Determine progress in self-management techniques • Provide education on prenatal, postpartum and newborn care • Reinforce the physician’s treatment plan • Help manage high-risk conditions such as gestational diabetes and preeclampsia • Access to an online resource with maternity tools, articles and infor- mation To get started call 1-800-462-3275, Monday – Friday, 8:00am - 4:00pm.

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