New Retiree Billing Process
New retiree billing services have commenced! As was announced several months ago, we have contracted with Lifetime Benefit Solutions to administer, bill, and collect the health care premiums from all of our retirees who have the Penn State medical benefit, effective July 1, 2016. Lifetime Benefit Solutions sent the first quarterly bill for July, August and September of 2016 out on June 1st and retirees should receive their new bill soon.
- Welcome Letter
- Frequently Asked Questions - Retiree Billing Administrator
Important Notes for Retiree Billing Process
- New ACH forms need to be completed with Lifetime Benefit Solutions.
- ACH withdrawals will now be taken monthly.
- Penn State ID’s can be used instead of SSN for Member Portal and ACH-just call Lifetime Benefit Solutions 1-800-828-0078.
- No action needed to cancel ACH with Penn State’s Bursar’s Office.
NEW - IRS Forms for 2016
Form 1095 for the Affordable Care Act is often called the “W-2 of benefits”.
Updated January 2016: On December 28, 2015, the IRS extended the due date for the 2015 form 1095-C reporting requirements. This means that the original deadline for issuing form 1095-C to employees has moved from February 1, 2016 to March 31, 2016. You will receive your 2015 form 1095-C prior to the revised deadline of March 31, 2016.
You will only receive this form if you are a benefit-eligible employee with the University. These forms are similar to your W-2 and while not required to file your 2015 tax return, they will be required when filing your taxes with the IRS in future years. The 1095-C will be mailed to your home address from Equifax, Penn State’s partner in 1095 form administration.
Zostavax/Shingles Vaccine For Medicare-eligible FreedomBlue PPO members:
This vaccine is covered under the Part D drug benefit. You will pay the $20 prescription copay if you receive the vaccine at a pharmacy that provides them. A great resource for you is the pharmacy at Wegman’s, who has stores across the state of Pennsylvania, for your convenience. To find a Wegman’s pharmacy near you, please use the "Find your store" feature on the Wegman's website.
If you have questions regarding Geisinger physician or coverage of the Zostavax/Shingles vaccine, please call Highmark’s FreedomBlue PPO customer service at (866) 918-5285.
Updated Geisinger Information:
For the Medicare-eligible retirees in the FreedomBlue PPO, effective March 1, 2013, ALL Geisinger physicians and hospitals will be out-of-network providers, as described within. The out-of-network benefit for the FreedomBlue PPO has a maximum out-of-pocket of $500 per person, per year.