Retirement Planning And YOU

Transcription

1 Retirement Planning And YOU Advocating for all Indiana Retired Educators Revised April,

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3 The State of Indiana provides a retirement program for retired educators meeting certain age and teaching experience qualifiers. The purpose of this brochure is to provide you with data concerning general retirement information eligibility requirements possible penalties calculation procedures potential pension option choices It is the Association s hope that this brochure will provide you with an overview of the procedures of the Indiana State Teachers Retirement Fund (ISTRF). Indiana Retired Teachers Association 2629 Waterfront Parkway East Drive, Suite 105 Indianapolis, IN (317) Toll Free: info@retiredteachers.org Web page:

4 Questions to Consider as You Plan to Retire How early should one retire? How much ISTRF and Social Security income will I have? What other sources of income, in addition to my ISTRF and Social Security income, will I have (savings, deferred compensation, IRA s, etc.)? Do I plan to work after retirement? o Part-time o Full-time Have I given consideration to my leisure time and volunteer activities during retirement? Medical insurance coverage until the age of 65. Medicare coverage and insurance after age of 65. The Indiana Retired Teachers Association is committed to assisting active educators in making informed retirement decisions. Following retirement, the Association works to protect retirement benefits and to improve retirement benefits of all retired teachers by the monitoring of the activities of the Indiana Public Retirement System (INPRS) Board of Trustees and by actively lobbying the Indiana General Assembly for cost of living allowances (COLAs) and other benefits. Before retirement, you can help assure the Association s effectiveness by becoming an associate member! All members will receive The Bulletin Board, our quarterly newsletter

5 General Retirement Information Annuity Savings Account At the time a teacher is enrolled as a member of the ISTRF, an Annuity Savings Account (ASA) is opened. Three percent of a member s salary is withheld on a quarterly basis or picked up via the employer pickup, and deposited in the member s account. Each account will be valued at market value on the last day of each quarter. In addition to the mandatory three percent (3%), a member may voluntarily increase his/her contributions to the ASA in one percent (1%) increments up to an additional ten percent (10%) per payable period. The combination of mandatory and voluntary contributions may not exceed thirteen percent (13%) of annual compensation. Effective September 1, 2003, qualifying members who have accrued five years of service may elect to make these voluntary contributions with pre-tax dollars, thus lowering their salary for federal and state taxes. The earnings on these additional contributions are tax-deferred until distribution. The ISTRF has received a letter ruling from the Internal Revenue Service which has several very important limitations! The election to participate by a member is irrevocable and may not be reduced or stopped until the member changes employers, withdraws, or retires from active service. Members who are interested in participating should contact their employer school corporation to determine if their school corporation is participating in the pretax program and also whether a window of participation is still open to a member of that corporation. The limits of ten percent on after-tax, pre-tax or a combination of the two plus the mandatory three percent is unchanged at thirteen percent (13%). The participating member s employer (school corporation) must approve a standard resolution and submit it to ISTRF permitting their employees to participate in the new pre-tax program. Forms for participation are available on the ISTRF web site, or by written request to ISTRF. Editorially speaking, younger members might consider an affordable amount (three percent) due to the irrevocability of their decision and the possibility of future pick-up by the employer. Members nearing retirement - 5 -

6 might consider maximizing their pre-tax option to increase their ASA balance for retirement enhancement. Investment, withdrawal and retirement options on these voluntary contributions shall be in the same manner and percentage as the mandatory contributions. The ASA may be invested in one percent (1%) increments totaling 100% as often as daily in the following options: Fixed Income Fund, Inflation Linked Fixed Income Fund, International Equity Fund, Large Cap Equity Fund, Small Mid Cap Equity Fund, The Guaranteed Fund (the rate of return determined by the INPRS Board annually), and the Target Date Fund. At retirement, the member may direct the ISTRF to continue managing his/her ASA and receive only the state pension entitlement until such time the member desires to exercise one of seven options: (1) annuitize the balance and add to the state pension portion; (2) take a lump sum distribution; (3) take a lump sum for rollover purposes and withdraw non-taxable portion of ASA; (4) take part of the taxable portion as a rollover; receive remainder of taxable portion as a lump sum distribution; withdraw non-taxable portion of ASA; (5) reinvest taxable and non-taxable portions in the TRF options; (6) withdraw the nontaxable portion of your ASA and reinvest the taxable portion of your ASA in the ISTRF options, thus deferring distribution until a more advantageous tax time occurs; or (7) receive the non-taxable portion of your ASA in a lump sum, annuitize the balance and add to the state pension portion to begin on the first day of the month designated by the member. Often, the combination of salary, severance pay, ISTRF pension plus Social Security payments results in a high tax liability in the first year of retirement. Deferring receipt of your ASA distribution until a future tax year is one way to alleviate this. Your reinvested ASA will continue to accrue earnings and the annuity purchase multiplier will increase with each passing year. Distributions must be in compliance with Section 401(a)(9) of the Internal Revenue Code. Generally speaking, the beginning teacher would invest proportionately between fixed and equity, say 80/20% Equity/Fixed because over time the return would be greater, judging from the past investment results. A veteran teacher would reverse this to perhaps 20/80% Equity/Fixed to lock gains for long term retirement purposes. Investment details and procedures are available from the ISTRF

7 Effective July 1, 2002, a member who is eligible for a retirement benefit is now allowed to suspend his/her membership and take a lump sum distribution of their ASA to purchase service in other governmental retirement plans. Also, effective July 1, 2002, a new rollover account is added to the ISTRF retirement options to provide for portability. The ISTRF may now accept rollovers from all permissible retirement savings vehicles (IRAs, 457 plans, 403-b plans, and other qualified plans). These funds would be deposited into rollover accounts, similar but separate from a member s ASA. Rollover accounts could be invested in the alternative funds that are permissible for investment of ASAs, except for the Guaranteed Fund. Also, rollover accounts may be invested in a Money Market Fund. The portion of each teacher s retirement benefit provided by Pension the State of Indiana is called the pension. The pension for each teacher varies according to the provisions of the retirement plan and the individual teacher s age, final average salary and years of experience. The relationship between these factors will be explained in this brochure. Your retirement benefit increases proportionately as age, salary and years of Additional Information service increase. Social Security benefits increase when you work past your initial Social Security qualifying age due to higher salary and lower reductions for age. The earlier a teacher retires, the more the retired teacher will need to rely on personal resources: investments, deferred compensation and post retirement employment. There is no effect on ISTRF retirement benefits for a retiree who goes to work after retirement in a private sector job which is not covered by the ISTRF or by the Public Employees Retirement Fund (PERF). Effective July 1, 2007, a TRF member may continue to receive pension payments and reemploy in a covered position with a 30-day required separation from service period before reemployment and no earnings limitation during reemployment. A TRF member may not have a formal or informal agreement with a TRF-covered employer to become reemployed in a TRF-covered position before filing a TRF retirement application. During reemployment in a covered position, no employer contributions are made to TRF and no additional service credit or supplemental pension is earned

8 Effective July 1, 2007, a retiree from ISTRF who has not attained the normal retirement age for unreduced Social Security benefits and who returns to work in a ISTRF-covered position, will maintain their pension benefits irrespective of the amount of income. However, if an ISTRF retiree under the normal Social Security retirement age for unreduced benefits is re-employed in a PERF-covered position, there is a $35,000 income cap and their retirement benefits from ISTRF will cease for the remainder of the fiscal year, once the cap is exceeded. The $35,000 earnings limit does not apply to a member who has attained the Social Security normal retirement age for unreduced benefits. Service Credit Purchase: (1) Effective July 1, 2002, a member who has earned at least ten (10) years of service in a position covered by ISTRF, PERF, or a combination of the two funds, may purchase at the actuarial cost, one (1) year service credit for each five (5) years of service that the member has completed in a position covered by the ISTRF or PERF. (2) A member with at least one year of creditable service with ISTRF will be eligible to purchase credit for service in a private school which is certified by the State of Indiana, kindergarten through post secondary, if such service would have qualified if rendered in the Indiana public schools. A minimum of ten (10) years of creditable in-state service must be acquired before purchased credit could be used for retirement purposes. The cost for each will be an approximation of the actuarial present value based on your age and salary at the time of purchase usually it is advantageous to purchase the credit as soon as you are eligible to do so. Leave of absence credit for verified adoption leave of not more than one (1) year must be credited toward retirement in compliance with the federal Family and Medical Leave Act of Military Service Credit Purchase: Effective July 1, 2001, active members who retire after June 30, 2001, and who served previously in the Armed Forces and were honorably discharged prior to enrolling in college may purchase up to two years of military service credit at actuarial cost if not allowed such service credit under existing military service credit statutes. Ten years of creditable service in ISTRF is also a requirement before military service credit can be purchased. Teaching in a military dependent school covered by the U.S. Department of Defense under a qualified leave of absence may be purchased

9 Reduced Pension Eligibility Occurs at age 50 with at least 15 years of service. Entitlement factors at each age are as follows: Age 50/44%; 51/49%; 52/54%; 53/59%; 54/64%; 55/69%; 56/74%; 57/79%; 58/84%; 59/89%; 60/100%. Monthly gradations are 5/12 of one percent. Unreduced Pension Eligibility 60/15 years and age 65/10 years. Occurs at age 55 with 30 years of service; 56/29 years; 57/28 years; 58/27 years; 59/26 years; also at age Note: Benefit may be delayed until eligibility for a full benefit is attained. For example, a person leaving service at age 54 with 30 years of service would be calculated at 64%. By delaying until age 55, this would become 100%. When a member leaves service after becoming vested and plans Caution to retire at a later date, the member is advised to gather all pertinent retirement information at the time he/she leaves service. In all instances, an Application for Retirement Benefits form, Part II (including affidavit and verification of employment) should be completed by the member s employer at that time. The top portion is completed by the member and forwarded to the employing unit for completion. The information required from the employing unit is more readily available at the time a member leaves service than at a future date. Again, although a member may choose to defer retirement to a date well beyond the eligibility date, the member will only be allowed six months of retroactive benefits measured from the date the application is received in the ISTRF office. This is according to the ISTRF Handbook (June, 2004)

10 Years of Service and Final Average Salary (FAS) affect annual pension. The effects of continued service and increasing salaries are reflected below: Age FSA Factor Years Entitlement Pension 55 40,000 X.011 X 30 X 100% = 13, ,000 X.011 X 33 X 100% = ,000 X.011 X 35 X 100% = 18, ,000 X.011 X 37 X 100% = 20, ,000 X.011 X 40 X 100% = 23,760 ISTRF offers a fixed annuity based on a Annuity Calculation distribution of your invested amount plus an interest assumption on the undistributed amount over your expected life. The annuity is guaranteed by the State. The interest assumption is as follows: Persons retiring prior to October 1, 2014 had a 7.5% rate. Persons retiring on or after October 1, 2014 and prior to October 1, 2015 will have a 5.75% rate. Persons retiring on or after October 1, 2015 and prior to January 1, 2017 will have the greater of 4.5% or market rate, whichever is greater. Persons retiring on or after January 1, 2017 will have market rate whenever the INPRS Board enters into an agreement with a third party provider. Note: There is a guarantee to the decedent s estate of any annuity balance remaining at death in excess of total pension and annuity received as a benefit by the retiree and co-survivor. Death in Active Service The member s surviving spouse who was married to the member for at least two years, or dependents, if any, may be

11 entitled to a monthly benefit providing that: the teacher-member had at least 15 years of creditable service at the time of death; or the teacher-member had at least 10 but less than 15 years of service and was at least 65 years old at the time of death; or a legislator-member with at least 10 years of creditable Indiana service at the time of death. The beneficiary or estate would receive a refund of the teacher-member s ASA for service which does not meet the vesting requirements as described above. Contact ISTRF for further details. Disability Members with five or more years of service credit who become disabled while teaching in Indiana may apply for a disability benefit. There are two types of disability benefits: 1. CLASSROOM DISABILITY benefit is paid only if the member applies for it not later than one year after the date of the disability. Classroom disability requires approval by the ISTRF physician, and benefits are $125 per month plus $5 for each year of service credit over five years. Re-examination is required for renewal; and, 2. DISABILITY RETIREMENT is paid based on the member s qualification for Social Security disability. The Disability Retirement benefit is computed like a regular benefit without reduction. The benefit may not be less than $180 per month. Social Security Disability must be effective back to the time the member left teaching in Indiana in order to qualify for a ISTRF Disability Retirement benefit. Words of Wisdom from Loren Tiede Several improvements have occurred over the last few years, primarily due to the Indiana Retired Teachers Association lobbying efforts. The new enhancement for a member to invest in equities is already manifesting itself in higher annuity saving accounts which result in increased benefits. The ability to delay taking the ASA at retirement gives the member additional leverage for tax and estate planning! Additionally, a member who has retired and experienced the death of a spouse, or a member retiree who marries for the first time, now has the option of changing to a new co-survivor or reverting to a single life benefit. Also, a member may now leave his/her ASA invested with the ISTRF until ready to activate options. The main source of retirement income for ISTRF members comes from a lifetime accumulation of retirement credits and contributions. This

12 accumulation was designed to be converted into a lifetime benefit which, when combined with Social Security, will be in effect until the death of the retiree, and if applicable, a designated co-survivor. ISTRF mortality tables show that of those members attaining age 55, 74% of the men and 84% of the women continue to receive benefits at age 75. At age 85, 40% of the men and 58% of the women continue to receive benefits. Beyond age 85, a significant number of benefit recipients were still receiving ISTRF benefits! The moral is to make retirement decisions for the long haul! 1. Combine your state entitlement with a ISTRF annuity purchase to lock in the maximum benefit amount. The interest assumption at the time of retirement will remain constant though out your retired life. Once a person retires, the Fund assumes investment risk and management cost. A private company cannot do this. Those retiring after December 31, 2016 may defer the purchase until the market return is favorable in the window available up to mandatory distribution at age Use your IRA and deferred money, which is already under for-profit management, to supplement your ISTRF and Social Security income. 3. Select the B option to assure that your co-survivor has a lifetime income guaranteed not subject to market risk. The dollar difference between an A option and the B option is the cost of extending the guarantee to a second recipient. 4. The B-1 choice will lessen the inevitable loss of income when one of the two covered individuals dies. The survivor will lose the lesser amount of Social Security say $700 a month for example. This coupled with a one-third loss of the ISTRF monthly benefit of $1500 to $1000 under the B-2, or to one-half under the B-3, combined with the lost Social Security, amounts to a significant loss of monthly income to the survivor! 5. Avoid combining the A-4 Social Security Equalizer with your option choice unless it is absolutely necessary. Why? You are borrowing from your own reserve; you will be paying taxes on a higher benefit until age 62 or the time of reduction; and you have permanently lowered the employer benefit amount used for calculating any cost-of-living adjustments (COLAs) which are effective after the reduction occurs at age

13 6. Finally, a good friend advised me to keep my Faith, Family, Friends and a full schedule, and I pass the same advice along to you. Continue to share and contribute to the community as you have done over the years of working with young people and others!! This advice is shared by Dr. Loren Tiede based on presiding over 12,000 retirements as Executive Secretary of the ISTRF, past chairman of IRTA Retirement Planning Committee, ten years on the NRTA Pension Round Table, and conducting numerous retirement seminars over the years. Now in my 24 th year of retirement, I can say make your retirement choices for the long haul. The ability to change your option choice at the death of your cosurvivor to a new co-survivor or a single life option enhances the long haul advice. The changes in annuity purchase factors and the long range pension assumptions were made to address the increased unfunded liability of ISTRF. Although this is a bit upsetting, in my opinion it is a prudent decision! Continuing with assumptions that are difficult to obtain in the present investment world would only mask the real unfunded liability. First Retirement Check The ISTRF now has the authority to pay the retiree his/her first check one month after the accrual date providing that the member has his/her completed retirement papers on file before the accrual date. The first check will be eighty-five (85) percent of an estimation based on the ISTRF service credit and salary records. Once final service and salary have been verified by the employer, the actual entitlement will be paid with adjustments for any under or over payments resulting from the estimation. This will occur sixty (60) to ninety (90) days after employer verification. Option Choice The A options do not provide monthly payments to a spouse or dependent upon death of retiree. The A choices are A-1, A-2 and A-3. The B options ensure a continuing monthly benefit to the designated cosurvivor at the death of the member. The B choices are B-1 (100%), B-2 (66 2/3%) and B-3 (50%). Social Security Equalizer A member retiring prior to age 62 may elect to add the A-4 option to the chosen

14 option to enhance income until attaining age 62. At the time the person becomes 62 years of age, the benefit is reduced by the amount stated on the Social Security estimate submitted by the member at the time of retirement. Caution: Since the actual Social Security benefit received may be less than the estimated benefit, the reduction will then be made according to the earlier estimate submitted at retirement and is a permanent reduction. After Retirement Changes A member, who is retired and receiving benefits and who marries for the first time, or following the death of the member s spouse, may elect to change his/her designated spouse beneficiary, or form of benefit, and receive an actuarially adjusted and recalculated benefit for the remainder of the member s life, or the remainder of the life of a newly designated beneficiary. If the selection is the joint and survivor B Option, the member must designate full, two-thirds or one-half of the benefit. The cost of recalculating the benefit shall be borne by the retiree and shall be included in the actuarial adjustment. This permits a retiree to go from the B Option to the A Option, or the A Option to the B Option, in case the spouse dies first. The recalculating of a benefit may apply to those members who dissolve their marriage through divorce. Contact ISTRF for information. ASA Payment Options The retiree has choices on how he/she receives the contribution and interest in the ASA balance. ASA 1 The total balance is annuitized at retirement and received as part of the monthly benefit. After tax contributions are recovered on a prorated basis. ASA 2, ASA 3, ASA 4 Allows the member to withdraw the total ASA balance at the time of retirement. For those who retire after January 1, 1993, the taxable portion of the member s ASA may be rolled into a qualified IRA or other qualified plan. The after-tax contributions (BASIS) made prior to January 1, 1987, are tax free. Any after-tax contributions made after December 31, 1986, will be recovered on a prorated basis as benefits are received

15 ASA 6 Allows the retiree to withdraw his/her non-taxable contributions, and to reinvest the taxable portion of his/her ASA in ISTRF investment options at the time of retirement, thus delaying taxability until a distribution option choice is made at a future date. Suggestions: 1. Use an Account Transfer Form with the check made out to the qualified IRA or qualified plan. It will be your responsibility to deliver the check when received from ISTRF 2. You may receive all or part of the eligible rollover distribution by check. The portion of the eligible rollover distribution that you receive by check, made payable to you, is subject to a 20% withholding. 3. Work closely with ISTRF retirement counselors to assure that your desires on ASA 2, ASA 3 or ASA 4 are met. ASA 7 The member receives pre-january 1, 1987, after tax contributions in one payment (no tax). The balance remaining is annuitized and added to the pension as a monthly payment

16 Example Calculations INDIANA STATE TEACHERS RETIREMENT FUND (ISTRF) ESTIMATE OF RETIREMENT BENEFITS RETIREE BIRTH DATE: AGE: SURVIVOR BIRTH DATE: AGE: ACCRUAL DATE: SCHOOL YEAR SALARY TOTAL SALARY $68,000 $335, $67, $67,200 5 YEAR AVERAGE $66,600 $67,000 X.011 = $737 (1) BASE AMOUNT $66,000 X 38 (2) YEARS OF SERVICE 28,006 BASIC BENEFIT x 1.00 (3) EARLY Retirement factor 28,006 Annual State Pension ANNUITY ACCOUNT END BALANCE: 7/01/2015 $80,

17 Pension Options A-1-5-year Certain & Life MONTHLY OPTIONAL BENEFIT PAYMENT PLAN ASA 1 Member combines the Annuity Savings Account balance with monthly Pension Pension Amount Annuit y Monthly Total Before Age 62 After Age $2, Amoun $ $2, $3, $2, A-2 - Straight Life $2, $ $2, $3, $2, A-3 - Cash Refund + 5-year Certain & Life $2, $ $2, $3, $2, Survivor Benefit B-1-100% Survivorship B /3% Survivorship B-3-50% Survivorship $2, $ $2, $2, $1, $2, $2, $ $2, $3, $1, $1, $2, $ $2, $3, $2, $1, ASA 2, ASA 3, ASA 4 Member elects to withdraw the Annuity Savings Account Balance ASA 5, ASA 6 Member defers distribution of Annuity Savings Account Balance ASA Lump Sum Payment Amount (Withdrawal Only) = $80, Pension Options A-1-5-year Certain & Life Pension Amount Annuity Monthly Total Before After Amount Age 62 Age $2, $2, $3, $2, Survivor Benefit A-2 - Straight Life $2, $2, $3, $2, B-1-100% $2, $2, $2, $1, $2, Survivorship B /3% $2, $2, $3, $1, $1, Survivorship B-3-50% Survivorship $2, $2, $3, $2, $1, The above chart is from calculations from the INPRS web site calculator assuming a Social Security estimate of $ for age 62. First choice for those who Pre-65 Retirement Health Insurance qualify: Continue in the local Coverage school corporation s health insurance program by paying the full premium. The employer may elect to pay part of the cost. Spouses have the same rights as school employees. To qualify for continued participation in the local school corporation s health insurance program, the retiring teacher must: Be at least 55 years of age Have completed twenty (20) years of creditable employment with a public employer on or before the employee s retirement date, ten (10)

18 years of which shall have been completed immediately preceding the retirement; and Have completed fifteen (15) years of participation in the retirement plan of which the employee is a member on or before the employee s retirement date. 2nd choice Federal COBRA Law allows member to continue under local health insurance program by paying full premium for 18 months from date of termination. A spouse and dependents have the same rights as the employee. 3rd choice Retirees in good health seek a high deductible individual policy. Eligibility for Medicare occurs at age Post 65 Health Insurance 65. One needs additional coverage for Medicare deductibles on both Part A Hospitalization and Part B Physicians Costs. Part D Prescription Coverage is also important. Consult your local SHIP (State Health Insurance Assistance Program) counselor for free and unbiased information regarding your Medicare options. These counselors are NOT affiliated with any Insurance Company and are certified by the Indiana Department of Insurance. Social Security current wage levels. Social Security benefits are calculated from the average of your earnings over the past 35 years. These earnings are indexed to equate them to Eligibility for full Social Security benefits will change according to your birth year. You may begin to collect Social Security benefits at age 62, but the benefits are reduced. For persons born after 1937, the reductions at age 62 will be greater

19 Year of Birth Full Benefit Reduced Reduction Benefit 1937 or earlier % months % months % months % months % months % % months % months % months % months % months % 1960 or later % You may receive more than 100% of your full benefit if you continue to work past full Social Security retirement age. There is NO earnings limitation for a person above full Social Security retirement age. Those working between the ages of 62 and full Social Security retirement age will have their Social Security benefits reduced by $1 for every $2 earned in excess of the limit set by Social Security. In the year 2015 this limit was $15,720. Since the amount changes annually, the member should contact Social Security for the limit in order to avoid the penalty. You should also know that during your first year of retirement that the limitation is on a monthly basis. In the year 2015 this amount was $1,310 per month, and will be 1/12th of the annual limitation set by the Social Security Administration. Currently the Social Security tax is 7.65% for both the employer and the employee. Social Security takes 6.2% and Medicare takes 1.45% of this assessment and applies to wages up to $118,500 in the year The 1.45% applies to total wages beyond the $118,500 as well

20 Acquire a copy of your birth certificate from your Suggestions county of birth for submission to the staff of the Indiana Public Retirement System (INPRS). This document must be submitted at the time you apply for retirement. Obtain both an INPRS estimate and a Social Security estimate prior to retirement. Lock in your INPRS benefits plus Social Security benefits to insure constant monthly income. Supplement with other savings and part-time work. Service credit questions should be submitted to INPRS for approval. Each year adds substantially to one s lifetime benefit. Questions should be referred to: Indiana Public Retirement System (INPRS) One North Capitol, Suite 001 Indianapolis, IN (317) Toll Free: Fax: (317) Web site: questions@inprs.in.gov Members and the public may visit the INPRS Home page on the Internet at: for estimates of future retirement benefits. All information provided in this brochure is for illustration purposes only. We are not responsible for any inaccuracies in information that may be given. For information regarding your particular situation, please contact INPRS, Social Security, Medicare, and your personal financial consultant. Good Luck!

21 Worksheet for estimating your Pension from the ISTRF. Highest 5 years of earnings: 1. school year 2. school year 3. school year 4. school year 5. school year 6. Total of lines Divide total on line 6 by 5 to get average salary. 8. Multiply line 7 by Multiply line 8 by number of years experience 10. Multiply line 9 by Early Retirement factor found on page 10 This last figure is an estimate of you yearly pension amount not including any ASA income

22 RESOURCES Indiana Retired Teachers Association (317) Toll Free: Web page: INPRS (317) Fax: (317) Web site: (set up an account on their website) Social Security (set up an account on their web site) Medicare MEDICARE ( ) (set up an account on their website) Indiana Medicaid or State Health Insurance Assistance Program (SHIP)