Ready to Retire

Resources

This website is for active colleagues of IHA, Sisters of the Holy Cross and Academy of the Holy Cross.

This website is for former colleagues of all Health Ministries.

Active colleagues of all other Health Ministries should refer to the HR4U colleague portal’s Retiring from Trinity Health article in the

HR4U Knowledge Base

.

Active Colleagues Ready to Retire

*This website is for colleagues of IHA, Sisters of the Holy Cross and Academy of the Holy Cross. Colleagues of all other Health Ministries should refer to the HR4U colleague portal for benefits and other HR information.

Key Points

Retirement is a big step, financially. Consider engaging the services of a financial planning professional to help guide you through the process. Live Your Whole Life’s Financial site provides tools and resources to create a stable financial future.
Retirement is a big step, emotionally too. Your mental well-being benefit is powered by Spring Health. Available resources include convenient therapy, personalized care, dedicated support, diverse providers, mental well-being exercises, coaching, work-life services, and more. Contact Spring Health by calling 855-629-0554 or online through Spring Health. Use the work-life code: trinityhealth
You may be eligible for a temporary extension of your coverage under Trinity Health group health plan(s). Contact your local benefit representative for more information.
Most colleagues will not be eligible for any health benefits through Trinity Health after retirement and should consider applying for Medicare or other health benefits (e.g., individual health insurance through the Marketplace). Contact your local benefit representative to determine if you are eligible for any retiree medical plan. If you are eligible, your local benefit representative will be able to explain how to initiate your retiree medical benefit. If you or a family member are approaching or have reached Medicare eligibility, please visit the Trinity Health Medicare & Social Security resource page at Medicare & Social Security (trinity-health.org). This page contains information on how to access individual Medicare plans, such as Medicare Supplement, Medicare Advantage and Prescription Drug plans that help pay for services and costs not fully covered by Original Medicare. Refer to the Medicare & You handbook, available at Welcome to Medicare | Medicare, for a comprehensive overview of Medicare Parts A and B.

Key Steps

Not sure if you’re financially prepared for retirement? Visit Fidelity’s Retirement Planning site to analyze your retirement readiness.
Regarding the retirement savings plans, (e.g., 403(b), 401(k), etc.), you may contact Fidelity directly at 800-343-0860 or www.netbenefits.com/atwork for more information about your options related to any balances held under the retirement savings plans.
Some colleagues are eligible for a pension. You will receive a pension packet (if applicable) with distribution options upon termination of employment. The Trinity Health Pension Office receives pension inquiries at 800-793-4733.
Discuss your retirement plans with your manager or supervisor. Once you agree on a specific date for retirement, send your manager or supervisor written notice including your intent to retire on your final day of work.
Determine your Social Security eligibility and consider claiming your benefits (www.ssa.gov). Your decision of when and how to claim your Social Security benefits can significantly affect how much you receive from the program. Visit Fidelity’s Optimizing Social Security site to learn how the program works, so you can make strategic decisions.
Determine your eligibility and consider enrolling in Medicare (www.medicare.gov). If you or a family member are approaching or have reached Medicare eligibility, please visit the Trinity Health Medicare & Social Security resource page at Medicare & Social Security (trinity-health.org). This page contains information on how to access individual Medicare plans, such as Medicare Supplement, Medicare Advantage and Prescription Drug plans that help pay for services and costs not fully covered by Original Medicare. Refer to the Medicare & You handbook, available at Welcome to Medicare | Medicare, for a comprehensive overview of Medicare Parts A and B.

Former Colleagues Ready to Retire

Key Steps

Not sure if you’re financially prepared for retirement? Visit Fidelity’s Retirement Planning site to analyze your retirement readiness.
Regarding the retirement savings plans, (e.g., 403(b), 401(k), etc.), you may contact Fidelity directly at 800-343-0860 or www.netbenefits.com/atwork for more information about your options related to any balances held under the retirement savings plans.
Some colleagues are eligible for a pension. If eligible, you will receive distribution paperwork approximately one month before reaching your “Normal Retirement Age”, generally age 65. If you have already reached your Normal Retirement Age, it is important that you contact the Trinity Health Pension Office immediately. The Trinity Health Pension Office receives pension inquiries at 800-793-4733.
Determine your Social Security eligibility and consider claiming your benefits (www.ssa.gov). Your decision of when and how to claim your Social Security benefits can significantly affect how much you receive from the program. Visit Fidelity’s Optimizing Social Security site to learn how the program works, so you can make strategic decisions.
Determine your eligibility and consider enrolling in Medicare (www.medicare.gov). If you or a family member are approaching or have reached Medicare eligibility, please visit the Trinity Health Medicare & Social Security resource page at Medicare & Social Security (trinity-health.org). This page contains information on how to access individual Medicare plans, such as Medicare Supplement, Medicare Advantage and Prescription Drug plans that help pay for services and costs not fully covered by Original Medicare. Refer to the Medicare & You handbook, available at Welcome to Medicare | Medicare, for a comprehensive overview of Medicare Parts A and B.