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Opt out of SERMA to be eligible for Federal subsidies that lower your healthcare premiums through your eligible exchange
In order to be eligible for Federal subsidies that lower your healthcare premiums through your eligible exchange, you must choose the SERMA “Opt Out” option (subsidies are determined based on your total income claimed when you file your taxes with the IRS).
Understand the timing options. You may choose to “Opt Out” or Opt In” of SERMA through the following actions:
- Upon Initial Retirement, within 31 days of your initial retirement, for the remainder of the current calendar year
- During Annual Enrollment for the following calendar year
- Anytime within the year you can “Opt out” or “Opt in” for the balance of the current year effective the beginning of the month following when you notify MyChoice Accounts, i.e., current non-Medicare retirees if you want to “Opt Out” or “Opt In” to SERMA, you must notify MyChoice Accounts by calling the Intel Health Benefits Center. (You may “Opt Out” or “Opt In” at any time for the remainder of the current calendar year)
To “Opt Out”, call the Intel Health Benefits Center at 877-466-9236, M-F, 7:00 a.m.-5:00 p.m. PT
- If you take no action, the default is “Opt In” to SERMA; it remains unchanged
- Your “Opt Out” election will carry over unless you “Opt In” again. You may “Opt In” again for the following calendar year during the next Annual Enrollment or during the current year on a prospective basis. You may not change your “Opt Out” election retroactively
Start here to learn more:
- Your Intel Retiree Health Annual Enrollment Guide available in October
- The SERMA & Federal Government Subsidies for Health Care brochure
- Important points at Marketplace Options
- SERMA information: U.S. SERMA Program & IRMP and SERMA SPD