John Biggs, former CEO of TIAA-CREF and current Emeriti chairman of the board; Dr.
Emeriti is a consortium of, by, and for colleges, universities, and other higher education-related taxexempt organizations.
Emeriti Retirement Health Solutions, Aetna, Fidelity Investments, FBD Consulting, and HealthPartners are independent organizations and are not legally affiliated.
WASHINGTON -- Emeriti to Sponsor Symposium at Brookings Institution; Aetna's Dr.
Emeriti Retirement Health Solutions announced today the expansion of its six-month-old Emeriti(R) Program, which provides faculty and staff of higher education institutions comprehensive, affordable retiree benefits with tax-advantaged investment vehicles and a tax-free reimbursement benefit for qualified medical expenses.
To meet the growing interest of institutions nationwide and to facilitate discussion and awareness of this critical issue, Emeriti Retirement Health Solutions, along with its strategic business collaborators, Fidelity Investments and Aetna, will hold its first major educational symposium, "Medicare Reform and Retiree Health Care: the Future of the Social Contract," at the Brookings Institution in Washington, DC today.
Kenneth Cool, president of Emeriti Retirement Health Solutions.
By pre-funding retiree health care costs annually through the Emeriti Program, institutions can gain more fiscal control since they are contributing today's dollars toward meeting the future needs of their retirees.
In addition to allowing senior faculty and staff to retire earlier and with a greater sense of health care security, our institutions benefit from the financial predictability of the Emeriti Program's defined contribution approach, which allows them to determine in advance the amount they will contribute annually to each employee's health benefits," explained Dr.
Fidelity Investments provides a menu of mutual fund investment options for the Emeriti Program, as well as extensive recordkeeping functions.
The Emeriti Program is a strong offering for higher education institutions and their faculty and staff who need a comprehensive medical benefit plan for their life after work," said Cynthia Egan, executive vice president, Fidelity Investments Tax-Exempt Services Company.
Aetna provides Medicare-eligible participants in the Emeriti Program with a choice of three indemnity-type health benefit plan options that complement traditional Medicare.
In addition to its indemnity offerings to Emeriti participants, Aetna provides easy access to cost-effective health care through a nationwide network of more than 672,000 health care professionals, including over 400,000 primary care and specialist doctors and 4,084 hospitals.