LATEST NEWS
Retiree Reminders
Pet Insurance: This benefit was added in 2023. You will receive a 10% reduction in rates by being a retiree of NEXCOM. To learn more, go to www.metlife.com/NEXCOM. Under the Benefits column, select Pet Insurance. You can also call 1 -800-438-6388 to request a pet insurance quote.
CONUS Retiree Medical Plan: If you or your dependent are within three months of reaching age 65, you will need to contact the Retiree Benefits Department at (757) 502-7527 and provide your/dependent Medicare Part B ID# and Effective Date. This action is required in order for you or your dependent to be switched from your current plan to the Medicare Advantage with Prescription Drugs Plan (MAPD). If you do not take this action, you will no longer be eligible for the DoD CONUS Retiree Medical Plan.
Life Insurance: If you are enrolled in basic or optional life insurance, keep your beneficiaries up-to-date. It is a good idea to review your will, living will, and Power of Attorney periodically. As a reminder you have free will preparation and estate resolution services. Call 1-800-821-6400 and provide NEXCOM’s group #109800.
401(k) Plan: Due to the enactment of the Secure Act of 2022, the IRS 2023 Required Minimum Distribution (RMD) has changed to age 73. In April 2022, Prudential was purchased by EMPOWER. In September of 2023, the Prudential platform will migrate to the EMPOWER platform. Details will be forthcoming in late summer/early fall. Until then, you can log on to your account at www.prudential.com/NEXCOM.
CHANGE OF ADDRESS/FEDERAL/STATE TAX CHANGE REQUEST: If you are moving, remember to change your address for your pension. Complete the Retiree Change form or complete the back of your deposit summary provided by BNY Mellon Bank. You can find this form located under the Important Links tab. This form is also used to update your federal/state tax change. Reminder: If enrolled in the 401(k) Plan, you will also need to change your address with Empower.
Biometric Screening
As part of the HIC program, HICs can be earned by having a Biometric Screening completed. This screening tests for metabolic syndrome. Metabolic syndrome is a group of five risk factors that raise your risk of developing conditions such as heart disease and diabetes. The screening for metabolic syndrome includes bloodwork and a waist circumference measurement. You have until November 30th to earn a $150 HIC for completion of the biometric screening and health assessment.. They can have the screening done now, but before the HIC is applied to their account, they must have completed the HRA.
ONSITE BIOMETRIC SCREENING - (Registration deadlines vary by location -- Some as soon as February 16. See attached document of locations and dates. All onsite biometric screening dates are in March)
Retirees can avail themselves of onsite screenings (events hosted by NEXCOM & other NAFs) by registering online at www. nafhealthplans.com > clicking on the Wellness & Resources tab > clicking on the left side of the page on Metabolic Syndrome & Biometric Screenings. They will need to register on this site by following the directions on the page (they will need the registration key and their W number on their member ID card in order to register) and by going to the on My.QuestForHealth link on this page.
To determine where the onsite screenings will be held, click on the arrow that shows the schedules of the hosting locations, dates and times. There are directions on how to register for onsite screenings or screenings at Quest Centers throughout the United States (Aetna International retirees will need to go to the website and select Physicians Results Form. It is important to note that if the Physicians Results Formis used, the doctor may charge a copay for an office visit and possibly a fee for filling out the form).
Contact the Quest Customer Support at 1-855-623-9355, Monday - Friday, 7:00am - 8:30pm CST and Saturday 7:30am - 4pm CST; or contact via email at Wellness@QuestDiagnostics.com.
Note: Retirees are not required to do onsite screenings or complete the screenings. It is a voluntary program. If they decide to get the screenings at an onsite event or at a Quest Center and they register for the screening on www.nafhealthplans.com, they will not have to pay for the screening. The medical plan is picking up the fee. They will receive a report of their results and can have the results faxed to their physician. Click here to see a sample of the report.
Click here to view the step by step instructions on how to do the aforementioned.
One last note on Biometric Screenings. . . these are FASTING screenings.
Estate Resolution Services and Will Preperation
Estate Resolution Services and Will Preperation are available (free of cost) to our retirees enrolled in NEXCOM's life insurance program. Metlife provides these services to you through Hyatt Legal Services. Their number is 1-800-821-6400. NEXCOM Group #109800. To use these services, you will need to give them the group number. Click on the documents below to learn more:
• Estate Resolution Services FAQ
VERY IMPORTANT NEWS
Dear NEXCOM Retiree:
Many of us are efficient in our daily lives and have kept good records during our working years, but most of us leave very inadequate and/or incomplete information regarding our economic and personal affairs when we die, causing additional grief and problems for our beneficiary/surviving spouse. When and how your benefits will be paid and how your estate will be settled subsequent to your demise is your responsibility. We urge you to you use the below guidelines to prepare a checklist and share it with your beneficiary and/or surviving spouse. This checklist will be invaluable to your beneficiary when you pass. You should, store this information in a safe place so it will be available for possible revisions by you and later by your family.
WHAT BENEFITS DO YOU HAVE WITH NEXCOM?
.
If you enrolled for basic and special life insurance policies during your NEXCOM employment (money you
elected to have survivor benefits deducted from your monthly retirement check, your beneficiary should be
advised of this benefit and the monthly dollar value. (Some restrictions may apply if the beneficiary is under 60
years of age at the time of your death.)
Is the name you originally selected as the beneficiary to receive your retirement annuity, basic and special life insurances, still valid? You can call or write to NEXCOM (at phone number/address shown below) to verify that
the name of your beneficiary/surviving spouse is current, and if not current, provide a person of your choice at
this time.
WHO SHOULD BE NOTIFIED?
Discuss and provide a list for your beneficiary of the organizations that should be notified in the event of
your untimely death. This list should include but not limited to:
• NEXCOM/ Mellon Bank (for retirement annuity)/ Bank/ Credit Unions/Investment firms/
Mortgage company/Local Social Security office./ Private sector Health or Life Insurance
Companies.
NEXCOM will help:
For insurance information, reporting your death or obtaining benefits information, your beneficiary can contact Mary Holmes at (757)502-7534
NEXCOM:
Toll free phone number: 1-888-639-2363
Mailing address: Navy Exchange Service Command, Retirement Section, Department HR, 3280
Virginia Beach Blvd, Virginia Beach , VA 23462-5724
If you have any questions or doubts concerning your earned benefits, call NEXCOM and they will gladly answer
any questions you have concerning your benefits.
NEXCOM HAS PROVIDED THE FOLLOWING ADVICE FOR ALL NEXCOM RETIREES AND NEREA
RECOMMENDS THAT THIS INFORMATION BE GIVEN
TO YOUR BENEFICIARY OR SURVIVING SPOUSE.
“Retirees and/or beneficiaries should contact NEXCOM Human Resources Group on the toll
free number, 1-888-639-2363 for all benefit plan issues. Notification on the toll free number enables
the most efficient and effective processing of entitlements due to the retiree and /or beneficiary.
NEXCOM HR will notify the insurance carriers and forward appropriate forms to you for
completion"
The above comments related to your NEXCOM retiree benefits are not intended to be all inclusive of action(s) that
should be taken to assist you and/or your beneficiaries. Remember, it is your responsibility to provide NEXCOM with all
applicable information relating to your NEXCOM retirement benefits.
Join NEREA.
The Navy Exchange Retired Employees Association (NEREA) is providing this information as a courtesy to all NEXCOM
retirees worldwide. NEREA members receive a newsletter quarterly. Won’t you join us ? If you want to join over 2,000 of
your fellow NEXCOM retirees, please complete the NEREA dues coupon on the last page of this newsletter and with a dues
check made payable to NEREA and forward it to the address indicated on the coupon.. For membership processing accuracy,
please write ‘new’ on the coupon to depict new membership. Dues are $10.00 annually and the $5.00 one time admin fee for
new members has been waived!
IN ADDITION TO YOUR NEXCOM BENEFITS CONSIDER:
• Do you have a will? Have circumstances changed that may necessitate a change be
made to your original will? This may require professional assistance to ensure any
changes are legally acceptable. Does your beneficiary, spouse or a responsible family
member know where your will, or at least a copy, is located and have legal access to it?
• Have you discussed with your beneficiary or family members your wishes concerning
funeral arrangements, such as which Funeral Home do you prefer? If you prefer a wake
has the number of viewing days and/or evenings been discussed? Cremation? Type of
service such as church, funeral home or grave site (cemetery).
• If you served in the military or retired from the military you may want to consider burial in a Veterans Cemetery, which will also include your spouse. For
information concerning internment in a Veterans Cemetery, go to their website
National Cemetery Administration, and click on the state or the eligibility link
In some instances you may be eligible for financial assistance. For burial allowance
information call 1-800-827-1000. It is suggested this be done as soon as possible since
the process may take several days. Your military honorable discharge document will be
required.
• If you were employed or retired from a private sector company, they should be advised
in the event of possible financial gain due you, such as unused accrued vacation/sick
leave, company stock, etc.
• Do you have bank account(s) or personal property such as real estate, automobile(s),
boat, etc. in your name only, (which is not part of your will,) which could create a
problem in the event of a probate hearing? Consider amending your will to preclude any
legal problems.
• It is suggested you visit the website of the www.Funerals.org a 50 state non- profit organization that can probably answer any question or assist in resolving most problems that occur when there is an untimely death.
• If you had selected to have survivor benefits deducted from your monthly retirement check and unfortunately your beneficiary dies, then NEXCOM need to be notified so that the survivor benefit deduction can be discontinued.
Be prepared, PLEASE!
