After Retirement

 

Under Age 65 Annual Enrollment

You will receive an annual enrollment packet from Farm Credit Foundations each November outlining any changes for the next calendar year. Learn More ...

Other Health and Welfare Benefits

Health Savings Accounts

If you had an HSA at the time of your retirement, PayFlex will change your account from the Farm Credit Foundations group account to an individual account.

• You are responsible for any administrative fees charged by PayFlex.
• You can leave your account with PayFlex or transfer the funds to another bank.

• You are eligible to receive reimbursement from your HSA for expenses incurred both before and after the date your coverage ends. You can also continue to contribute directly to your account and taxes will be adjusted on an "above-the-line" basis when you file your income tax.

Details on HSA guidelines, taxability and eligible expenses are available at www.irs.gov  (publications 502 and 969).

Life Insurance  

If you continued your basic term life, optional basic term life, and/or Group Universal Life insurance policies, contact Minnesota Life directly to cancel or change coverage, make changes to your beneficiary, or if you have payment questions.

Status or Data Changes

Address changes

• Please send an email or written notification to Farm Credit Foundations
• If you are enrolled in Medical, Dental or Vision, we will send this to the vendor
• Health Savings Account – you will need to notify Payflex directly with address changes
• John Hancock – contact them directly to change your address, direct deposit, or tax withholding
• Minnesota Life - if you continued your group universal life insurance
  

Need to contact a vendor?

Review the list of vendors to find the email or phone number you need.