November 2023 Paycheck Flyer

LACERS RESUMES NORMAL OPERATING HOURS AT ITS FRONT DESK 

LACERS has resumed its front desk’s normal hours of operation: Monday – Friday, 7:00 a.m. – 4:00 p.m. No appointment is needed. As a reminder, we offer more ways to serve you, including phone and email assistance, virtual sessions, and Secure Document Upload for submitting forms safely.

*Holiday Closure – LACERS’ front desk will be closed, and the 800 number will be offline from December 25th – January 1st. LACERS will continue to reply to incoming emails and voicemails during this time except on December 25th and January 1st in observance of the holidays.

SCAM? NOT LIKELY! SAVE LACERS’ PHONE NUMBER TO YOUR CONTACT LIST

Your phone service provider may register an incoming call from LACERS as SPAM or “Scam Likely”. To ensure you do not miss calls from LACERS, save our caller ID number, (213) 725-5641 to your contact list.

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.

INCOME-RELATED MONTHLY ADJUSTMENT AMOUNT (IRMAA)

Some Members may have to pay an additional premium (IRMAA) amount for their Medicare Parts B and D. Whether or not you pay an IRMAA is determined by the Social Security Administration based on your tax return income and filing status from two years prior. For example, if in 2022 you filed Single and made over $103,000 modified adjusted gross income (MAGI) or filed Married Filing Joint and made over $206,000 MAGI, you would be billed for an IRMAA. Before you are billed for an IRMAA, Social Security will typically send a notice, and you will have the opportunity to appeal. This adjustment amount must be paid in full as part of your eligibility for a medical subsidy and is not reimbursed by LACERS.

MAKE YOUR VOICE HEARD – IRMAA & MEDICARE PART B

The LACERS Board of Administration submitted a request to City Council recommending options for extending the Medicare Part B Basic Premium Reimbursement to LACERS retirees who were hired by the City of Los Angeles prior to April 1, 1986, and currently do not receive the LACERS Medicare Part B Reimbursement, as well as adjusting the Medicare Part B Reimbursement to LACERS retirees whose Medicare Part B premium exceed the basic premium as a result of the IRMAA.

The City Council has assigned this request as Council File # 23-1131, and it is now open for public comment. To make your voice heard, please submit your comments using the Office of the City Clerk’s Public Comment Form. 

JOIN US FOR LACERS WELL UPCOMING WEBINARS

Register for these events through your MyLACERS account or by calling LACERS. If you need assistance, email us at lacerswell@lacers.org or call us at (800) 779-8328.

• Anthem Benefit Webinar Series- Healthy Meals Healthy Pantry: Wednesday, December 6, at 10:00 a.m.
• Brain Health Webinar: Wednesday, December 6, at 2:00 p.m.
• Mom’s Computer Technology Webinar: Wednesday, December 13, at 2:00 p.m 
• Fitness Made Simple Webinar: Wednesday, December 13, at 9:30 a.m. 

Have you Missed past LACERS Well events? We have event and seminar recordings on various topics – finances, emotional wellness, fitness, and more! Visit the LACERS YouTube channel at youtube.com/lacersyoutube, and be sure to hit the subscribe button to receive alerts of newly posted videos.

 As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodations to ensure equal access to its programs, services, and activities.