During Your Working Years

Your Institution’s Retirement Health Plan

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Start Asking Questions

Is my pension enough?

Will I need additional insurance?

How much should I save?

What does Medicare cover?

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Medicare Coverage & Costs

*Source: National Institute on Aging, Newsroom, Dramatic changes in U.S. highlighted in new census, NIH report, June 26, 2013.

Is Medicare Enough?

Medicare is the primary payer, but retirees also need supplemental health insurance

62%

Medicare is Not EnoughMedicare covers only about 62% of total healthcare expenses in retirement.*

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Medicare Expenses in Retirement Add Up

Annual deductible, copays &

coinsurance

Part A - Hospital Annual premiums, copays &

coinsurance

Part B - Doctor

Annual premium, copays &

coinsurance

Part C – Medicare Advantage Annual premium (higher income),

deductible, copays, coinsurance,

Coverage Gap cost shares

Part D – Rx

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Healthcare Expenses in Retirement Add Up

Supplemental or Medicare Advantage premiums and deductibles

Medical equipment

Vision & hearing

Skilled nursing & long-term care

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Your Institution Has You Covered

• General retirement

expenses

• Taxble distribution

• Beneficiaries

• Assets passed to

estate

Retirement Plan

Retirement Health Plan

• Exclusively for

health expenses

• Tax-free

distribution

• Dependents

• Assets passed

back to plan

Income Security + Healthcare Security = Retirement Readiness

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The Power of Compounding

YEARS OF SAVING

Total: $122,709

Total: $52,397

$5,409

$12,000 $24,000

$28,397

$36,000

$86,709

$48,000

$216,012

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

10 years 20 years 30 years 40 years

SAVINGS

Just by saving $100 a monthPotential account earnings

Contributions

Total: $264,012

Total: $17,409

These examples are intended for illustrative purposes and are not a prediction of investment results. Your own Plan account may earn more or less than this example.Actual account balances will be determined by the contributions made and any investment gains or losses. Investing in this manner does not ensure a profit or guarantee against loss in declining markets. These examples do not take fees into account and actual balances will generally be reduced by fees. Contributions and earnings accrue tax-free and are paid out tax-free for reimbursement of qualified health expenses. These examples are based on $100 contributions made at the beginning of each month and a 7% annual rate of return compounded monthly. Chart balances shown are end-of-year balances.

Current Health Account Investment Options

Ticker Fund Name (Retirement Class)

TIEXX TIAA-CREF Money Market R

TLIRX TIAA-CREF Lifecycle Retire Income

TCLEX TIAA-CREF Lifecycle 2010 Retire

TCLIX TIAA-CREF Lifecycle 2015 Retire

TCLTX TIAA-CREF Lifecycle 2020 Retire

TCLFX TIAA-CREF Lifecycle 2025 Retire

TCLNX TIAA-CREF Lifecycle 2030 Retire

TCLRX TIAA-CREF Lifecycle 2035 Retire

TCLOX TIAA-CREF Lifecycle 2040 Retire

TTFRX TIAA-CREF Lifecycle 2045 Retire

TLFRX TIAA-CREF Lifecycle 2050 Retire

Make voluntary after-tax contributions via payroll deduction or online at tiaa-cref.org

Investments accumulate tax-free and are disbursed tax-free

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Emeriti Retirement Health Benefit

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Institution makes tax-free contributions to your health account

You may make after-tax contributions

Upon separation of service, use assets, tax-free, for reimbursement of qualified medical expenses

Upon turning 65, enroll in the plan’s group health insurance

Pay premiums tax-free out of your health account

Triple Tax Advantage

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Emeriti Retirement Health Benefit

Tax Advantaged Health Account in Action

Tax-free withdrawal

of $1,000100 cents on the dollar

Pay with Emeriti Health Account

Taxable withdrawal of approximately

$1,40072 cents on the dollar in 28% federal income tax bracket

Pay with 403(b) Retirement Plan

$1,000 MEDICAL

BILL

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Next Steps

Via payroll deduction or ACH transfers from your

bank account

Make voluntary contributions Visit Emeriti

website formore information

Knwowing your institution has you

covered with a retirement health plan

Enjoy yourworking years!

1 2 3

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For More Information

Emeriti Service Center

1-866-EMERITI (1-866-363-7484)

Call or visit us online.

Visit the Emeriti website

www.EmeritiHealth.org

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Accumulation

Insurance

Dis

burs

em

ent

Overs

ight

Oversight, legal, insurance renewal.

EMERITI

TIAA-CREF

AETNA

SAVITZ

The Emeriti Program

Accumulation record keeper, investment trust management.

Disbursement record keeper, insurance enrollment and billing, QME adjudication.

National insurance underwriter.

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ThankYouFOR JOINING US

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Emeriti Retirement Health Solutions provided this information and is responsible for its content. Emeriti, TIAA-CREF, Savitz, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated.

Emeriti Retirement Health Solutions is not an insurance company, insurance broker or insurance provider.

Summary Plan Description (SPD)This presentation is intended to provide you with a brief summary of some of the details of your Employer’s Emeriti Plan and the Emeriti Program. For a full summary of the terms of your Employer’s Emeriti Plan you must consult the SPD, which will be provided to you upon enrollment or upon request.

Investment Adviser StatusEmeriti Retirement Health Solutions is a registered investment adviser for purposes of selecting the range of investment options available under the Emeriti Program. Emeriti may provide non-personalized educational materials to plan participants relating to their and their employer’s contribution to their Emeriti Plan and the allocation of their Emeriti Health Account balances among available investment options. Emeriti does not provide personalized investment advice to participants.

The participation interests in the voluntary employee contribution VEBA trusts associated with the Emeriti plans (the “Interests”) may be treated as securities under federal or various state securities laws. The offering of these Interests is subject to compliance with any applicable federal or state law. For residents of Georgia, the Interests are being offered in reliance on paragraph 13 of Code Section 10-5-9 of the Georgia Securities Act of 1973, as amended (the “Georgia Act”). The Interests may not be sold or transferred except in a transaction which is exempt under the Georgia Act or pursuant to an effective registration under the Georgia Act.

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Interests in any retiree healthcare plan discussed herein are offered solely by the employer.

Teachers Insurance and Annuity Association of America (TIAA) will provide services to the plan and may issue plan communications on behalf of the plan sponsor, in its capacity as a plan recordkeeper.

TIAA-CREF Individual & Institutional Services, LLC serves as a broker-dealer with respect to underlying mutual funds only, and does not offer, market or sell interests in such plans or otherwise provide broker-dealer services with respect to the interests in such plans.

TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit tiaa-cref.org for details. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

The tax information contained herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed herein. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

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addendum

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Emeriti’s 2014 investment options