For Retired Members:
LACERS is providing the following information about next year’s health benefits.
2024 LACERS Open Enrollment – Reminders and Updates
- Health plan changes made during the 2024 Open Enrollment period are effective from Jan. 1 through Dec. 31, 2024, unless you experience a qualifying event and change plans by the associated deadlines. New deductions that reflect your health plan changes will appear on your Dec. 31, 2023, retirement check.
- If you changed plans during Open Enrollment, you will receive a new health plan I.D. card in mid-January, with the exception of Delta Dental PPO, which does not mail out physical I.D. cards. Members enrolled in Delta Dental PPO can create an online account at DeltaDentalins.com to view and print I.D. cards. Please contact Delta Dental at (800) 765-6003 if you need assistance creating an account.
- An Annual Notice of Change (ANOC) from our Senior Medicare plans is required by the Centers for Medicare and Medicaid Services (CMS). These notices are mailed based on the plan’s enrollment/membership roster as of November 2023. Please be aware that Members who changed or disenrolled plans or deleted dependents during Open Enrollment will still receive the notice from the “old” plan based on the membership roster and this does not reflect their new coverage effective Jan. 1, 2024. Open Enrollment changes and disenrollments are not processed until December 2023 for coverage effective Jan. 1, 2024.
Medicare Part B Premium Increase for 2024
For 2024, the basic monthly Medicare Part B premium amount will be $174.70 per month, an increase from $164.90 in 2023. This amount does not include Income-Related Monthly Adjustment Amounts (IRMAAs) or late enrollment penalties.
As a reminder, all Retired members and their dependents who are eligible for Medicare and enrolled in a LACERS plan are required to enroll in Medicare Part B. Retired Members enrolled in Medicare Parts A & B with at least 10 years of service who are enrolled in a LACERS Senior medical plan or participate in the Medical Premium Reimbursement Program (MPRP) are eligible for a reimbursement of their basic Medicare Part B premium.
If you are a Retiree whose Medicare Part B premium is deducted from your Social Security Benefit check, and the amount is less than $174.70 per month, you must submit proof of the amount to LACERS so that your reimbursement amount can be adjusted. An audit regarding Part B reimbursements will be conducted in 2024.
2023 1099-R Forms to be Mailed by End of January
LACERS will complete the mailing of 1099-R tax forms to Retirees and beneficiaries by the end of January 2024. The 1099-Rs will be sent to the address on file with LACERS. If you have changed your address or plan to, please submit a Change of Address form. In the event you do not receive your 1099-R, the earliest that you may request a duplicate to be mailed to you is the second week of February. You may also view your 1099-R via your MyLACERS account beginning in February.
2023 Tax Form 10995-B and Form 1095-C
As you prepare for tax season, you may receive one or more forms providing information about the health care coverage that you had or were offered in 2023. Beginning in mid to late January 2024, most retirees will receive a Form 1095-B which is sent directly from either the Centers for Medicare and Medicaid Services (CMS) or your health plan carrier through LACERS (i.e., Kaiser or Anthem Blue Cross). Some retirees may receive two Form 1095-Bs and a Form 1095-C (from the City) if they retired within the last year; one 1095-B will reflect the LACERS coverage and the other one along with the 1095-C will reflect the coverage provided by the City of Los Angeles while working.
Please do not contact LACERS if you do not receive your form(s). LACERS does not administer the 1095-B or 1095-C forms. You may request a duplicate directly from your health insurance carrier. For questions about using Forms 1095-B and 1095-C to file your taxes, please consult with your tax adviser or the Internal Revenue Service (IRS).
