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Charter Township of Ypsilanti Police and Firefighters Retirement System EXHIBIT 1: HEALTH CARE OPEB (This information is needed to process the December 31, 2022 valuation)Exhibit 1: Financial Information
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What is retiree health care?
Retiree health care refers to the health insurance benefits provided to former employees after they have retired from active employment.
Who is required to file retiree health care?
Entities that offer retiree health care benefits, such as employers and plan sponsors, are required to file related documentation with the appropriate regulatory agencies.
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To fill out retiree health care forms, you typically need to provide information about the retiree, the benefits being offered, and any relevant financial details regarding the plan.
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The purpose of retiree health care is to provide financial support and access to medical services for individuals who have retired, thereby ensuring they have health coverage during their retirement years.
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Typically, information that must be reported includes the type of health benefits provided, the number of retirees covered, and the costs associated with these benefits.
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