Retiree January 2021 Paycheck Flyer

Paycheck Flyer
Open enrollment

There’s Still Time: Open Enrollment Continues Until March 31

LACERS’ Extended Open Enrollment period will end on March 31, 2021. This means that you still have an opportunity to review and make changes to your medical and dental plans for the 2021 Plan year.

Keep in mind, if you decide to enroll in a plan or make changes to your existing plan(s) during this Open Enrollment, you will not be able to make another health plan change for at least one year, unless you experience a qualifying event. Also, if you retired during the Open Enrollment period, from October 15, 2020 to now, you cannot change your health plan selection for the 2021 Plan year, unless you experience a qualifying event.

You can visit our Open Enrollment page at LACERS.org/enrollment for more information or email LACERS health staff at lacers.health@lacers.org for further assistance.

LACERS 1099-R Forms Have Been Mailed

LACERS has completed its mailing of 1099-R tax documents to retirees and beneficiaries for the 2020 tax year. Please note that 1099-Rs are only sent to the address on file with LACERS. Therefore, if you have recently moved or changed your address, update it with LACERS as soon as possible by submitting a ‘Change of Address’ form that is accessible at LACERS.org/forms.

If you did not receive your 1099-R, the earliest you may request a duplicate 1099-R to be mailed to you is the second week of February. Don’t want to wait for the mail? Save time by viewing and printing your 1099-R via your MyLACERS online account beginning in February.

Tax Form 1095-B and Form 1095-C: Important Reminder

Tax season is here and as you prepare to file this year, please be aware that you may receive one or more forms providing information about the health care coverage that you had or were offered in the previous year.

Although proof of Health Insurance is not required for 2020, most retirees will receive a Form 1095-B which is sent to them directly from either the Centers for Medicare and Medicaid Services (CMS) or their health plan carrier through LACERS (i.e., Kaiser Permanente or Anthem Blue Cross). Some retirees may receive both a Form 1095-B and Form 1095-C if they retired within the last year; one will reflect their LACERS coverage and one will reflect their City of Los Angeles coverage while working.

Please do not contact LACERS if you do not receive your form(s) as LACERS does not generate or have access to them. 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).

Watch Now: The Official LACERS YouTube Channel

Get the information you need when you need it, through informational videos on our recently launched YouTube channel. Re-watch highlights from past LACERS Well events, learn about the LACERS Medicare requirements and more from the comfort of your home. We encourage you to “subscribe” to the channel at YouTube.com/lacersyoutube, to be the first to know when new content is added!

There’s So Much You Can Do With MyLACERS!

Before picking up the phone and calling LACERS, did you know you can retrieve all of the following information online, 24 hours a day, 7 days a week through your MyLACERS portal account?

  • Direct deposit statements
  • 1099R statements
  • Current beneficiaries
  • Federal and state tax withholdings

Registering for MyLACERS is secure and straightforward. To get started, visit https://mylacers.lacers.org to request a PIN (personal identification number). You will receive your PIN by mail along with instructions on how to create your MyLACERS portal account.

Join the many other satisfied retirees who are easily accessing their important LACERS information from the comfort of their personal computer, without the wait. Get started today.

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