how much do you know about your unb fringe benefits? · how much do you know about your unb fringe...

How much do you know about your UNB Fringe Benefits?

Human Resources & Organizational DevelopmentJanuary 2016

Today at a glance…

Intro: Peter

Benefits: Kevin & Beth

Benefits at Retirement: Kevin

General Info: Beth

Survey: Kevin & Peter

Wrap-Up: Peter

Benefits• Life Insurance

• Long Term Disability

• Health

• Travel

• Dental

• Optional Group Term Life Insurance

• Optional Accidental Death & Dismemberment

• Optional Critical Choice Care Insurance

• Employee Family Assistance Program

• Tuition Waiver

Life & Family Protection Insurance

• Manulife Financial

• Compulsory

• Payable in the event of

death of the employee


Life Benefits Payable

• Single – Lump sum of 1 times annual salary paid to

designated beneficiary

• Single with Dependent Children - Lump sum of 1 times

annual salary paid to designated beneficiary and 25% of

monthly salary divided among eligible dependent

children

• Family - Lump sum of 1 times annual salary paid to

designated beneficiary and 25% of monthly salary paid

to spouse and 5% of monthly salary divided among

eligible dependent children (to a maximum of 15%)


Dependent Child Definition

• Full-time student, unmarried,

not employed on a full-time

regular basis, under the age

of 24


Options At Retirement

• Plan terminates

• May convert lump sum amount to an

individual policy within 31 days without

providing evidence of good health

• Premium at time of conversion is based on

insurer’s individual rates

QUESTIONS?

Long Term Disability



• Compulsory

• Provides income protection in the event of

total disability due to illness or injury after

180 days of sick leave

• Should apply after 4 months


Benefit Payable

• 75% of first $1,041.67 gross monthly salary plus 45% of next $3,541.67 plus 40% of the remainder

• LTD benefit offset due other earnings such as Canada Pension Plan Disability, pension, etc.

• Paid once monthly

• Benefits are non-taxable


• First 24 months deemed disabled from

own occupation

• Benefits after 24 months may continue to

June 30th following 65th birthday if deemed

disabled from any type of work for which

you are qualified


Fringe benefits while on LTD

• Life Insurance and Optional Benefits –

premiums waived

• Health and Dental – must continue to pay

• Pension – contributions waived, continue

to accrue pension service


Options at Retirement

• Plan terminates on retirement or the

December 31st before your Normal

Retirement Date, whichever comes first

(normal retirement date is the June 30th

after your 65th birthday)

QUESTIONS?

Supplementary Health Insurance


• Medavie Blue Cross

• Compulsory although coverage may be

waived if insured by another plan

• Designed to be a supplementary plan to

what is covered by NB Medicare


Hospital

• Semi-private room

• Paid directly to the hospital

• Program pays 100% of the eligible

expense


Vision Care

• Includes: exams, lenses, frames, contacts

• Maximum eligible expense is $220 per

participant every 24 consecutive months if

over the age of 19 and every 12

consecutive months if under 19


Paramedical Services

• Chiropractor

• Naturopath

• Osteopath

• Physiotherapist (including Acupuncturist and Certified Athletic Therapist)

• Massage Therapist


Paramedical services (continued)

• Note that services under paramedical

have limitations (ex: maximum of $650 per

practitioner and an overall maximum of 50

treatments per year for all practitioners)


Extended Health

• Ambulance

• Diabetic supplies

• Hearing aid

• Crutches, canes, walkers

• Wheelchairs

• Psychologist

• Speech Therapist


Prescription Drug Coverage

• Plan pays 100% of least costly generic

substitute

• Maximum $5.00 dispensing fee per

prescription

• Maximum 9.5% on ingredient cost mark-

up

• Participating pharmacies



• May continue

• 100%-paid by retiree

• Monthly premiums deducted from pension

• Age 65 - prescription drug coverage ends

• Option to enroll in NB Seniors Prescription

Drug Plan. Current cost $115 per month

per person



• Under age 19

OR

• Full-time student, unmarried, not

employed on a full-time regular

basis, under the age of 24

Cardholder Website

26

Medavie Mobile

27

• Check drug coverage and compare costs

• Browse benefit details

• Check benefit balances

• Submit claims

• Find ePay health professionals

• Cost information for providers

• Register and update your profile

http://www.youtube.com/watch?v=LLDG3QubOFI

http://www.youtube.com/watch?v=LLDG3QubOFI

QUESTIONS?

Travel Insurance

Travel Insurance

• SSQ Insurance Company Inc.

• AXA Assistance is our emergency medical provider

• Premium is part of the health insurance monthly premium

• Provides emergency out of province/country coverage, anywhere in the world, 24 hours a day against unexpected injuries or illnesses

• *Coverage is available for travelers and students abroad for up to 180 days

Travel Insurance

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Travel Insurance

In an emergency:

• Call AXA Assistance (the provider for

SSQ Insurance)

• Available 24 hours a day, 365 days a year

• 1-866-783-9473 (in Canada or USA)

• 514-285-8195 (outside Canada or USA –

call collect)

Travel Insurance

…in an emergency (continued)

• Name of person calling, telephone number

and relationship to insured person

• Insured person’s name, location, ID #427E

and Policy #1L915

• Condition of Insured person and nature of

emergency

Travel Insurance

…in an emergency (continued)

• Name, location and telephone number of

hospital

• Name, location and telephone number of

treating physician

Travel Insurance

Making A Claim

• Complete two forms: Consent to Collect, Use and Disclose Personal

Information

Emergency Medical Claim Report: Out-Of-Province/Out-

Of-Country

• Forms online: http://www.unb.ca/hr/benefits/forcurrentemployees.html

Travel Insurance

Out-Of-Province Medical Referrals

• Provide travel assistance when referred

out-side of the province for services not

available within the province.

Travel Insurance


Eligible Expenses

• Up to $100 per day per insured as an

outpatient

• Up to $100 per day for a parent, guardian

or family member accompanying the

patient

Travel Insurance


Eligible Expenses (continued)

• Meals

• Accommodations

• Parking

• Tolls

• Mileage

Travel Insurance


Making A Claim

• Doctor’s referral

• Confirmation of appointment required

• Original receipts

• Consent to collect, use and disclose personal

information form

• Inpatriate/Expatriate medical & extended health

claim form

Travel Insurance


Making a claim (continued)

• Forms online: http://www.unb.ca/hr/benefits/forcurrentemployees.html

• Make photocopies of receipts prior to

sending

Travel Insurance


• Under age 19

OR


employed on a full-time regular basis,

under the age of 24

Travel Insurance


• If you continue to be covered by the UNB

Supplementary Health Insurance, Travel

Insurance also continues

• *Note: after retirement, pre-existing

health conditions can affect coverage.

If you think this may affect you, call

before traveling.

QUESTIONS?

Dental Insurance

Dental Insurance

• Medavie Blue Cross

• Compulsory - may be waived if insured

by another plan

• Benefits payable are currently based on

2015 Dental Fee Guide. Updates usually

take place on July 1st of each year.

Dental Insurance

Eligible Expenses

• Diagnostic and preventative services eligible at 100% - example checkups, cleanings, x-rays

• Restorative services – eligible at 80% -example fillings, root canals, periodontics

• Major restorative services – eligible at 50% - example – dentures, bridges, crowns

Dental Insurance

Eligible expenses (continued)

• Orthodontics – eligible 50% to a

maximum of $2000. Dependent children

only

• Implants – lump sum payment of

$1,422.50 per implant

Dental Insurance


• Under age 19

OR


employed on a full-time regular basis,

under the age of 24

Dental Insurance


• Plan terminates

• Option to enroll in Province of NB Retirees

Dental

• Details at: http://www2.gnb.ca/content/gnb/en/departments/human_resources/p

ensions_and_benefits/content/retirees_insured-benefits.html

Health, Travel & Dental Insurance

Reminder

• August of each year you MUST enroll any

dependent child age 19 to 24 who is a full-

time unmarried student

• Complete the “Group Supplementary

Health/Dental Over-Age Dependent Form

– Blue Cross” found on the Human

Resources website


Coordination of Benefits

• If you have more than one health and/or

dental plan you can submit claims to both

plans


Late Applicant Status

• If your martial status changes, if you have a new baby, if your spouse loses their plan, you have 31 days to enroll in the health and dental without penalty

• Consequences of late application (health) –must submit medical questionnaire resulting in possible denial or limitations in coverage;

• Consequence of late application (dental) -limited to claims of $100/member for the first year

QUESTIONS?

Employee Family Assistance Program

• Shepell·fgi

• Employer paid

• Confidential service for employee, spouse

and dependent children

• Achieving well-being

• Manage relationships & family

• Financial guidance

• Workplace challenges

• Tackle addictions

• Improve nutrition

Provides support for:


Receive Support:

• By telephone

• In person

• On-line

• With self-guided resources


• Available to you at no cost

• Available 24/7/365

• Call 1-800-387-4765

• Terminates at retirement

QUESTIONS?

Optional Group Term Life Insurance



• Optional

• Opportunity to add more protection over

and above the compulsory life insurance

• May apply for insurance for spouse and

eligible dependent children

• Medically underwritten


• May purchase in units of $10,000

• Maximum for employee $400,000

• Maximum for spouse - $250,000

• Rates based on sex, smoking status and

age


• May purchase in units of $3,000 for dependent children to a maximum of $30,000

• Premiums are $0.12 per $3,000

Dependent Definition

• Under age 19

• Or

• Full-time student, unmarried, not employed on a full-time regular basis, under the age of 24



• Plan terminates

• May convert employee and or spouse’s coverage to an individual policy to a maximum of $200,000 within 31 days of retirement without having to provide evidence of good health

• Premium at time of conversion is based on insurer’s standard individual rates

Accident Death & Dismemberment


• Optional

• Payment in the case of death or

loss of use due to an accident

• Terminates at retirement


Choice of Coverage

• Single Plan – Employee insured for principal amount

• Family Plan With Spouse and Dependent Children - Employee insured for principal amount, spouse insured for 50% and children 10%

• Family Plan With Dependent Children –Employee insured for principal amount and children 20%


Dependent Definition

• Under age 19

OR

• Full-time student, unmarried, not employed on a full-time regular basis, under the age of 24

• May purchase in units of $10,000 to a

maximum of $350,000

Critical Choice Care Insurance


• Optional

• Lump sum payment in the event of being diagnosed with one of the specified conditions such as: Deafness, Loss of Speech, Parkinson’s Disease, Alzheimer’s Disease, Multiple Sclerosis, Stroke, Paralysis, Blindness, Life Threatening Cancer, Coma


Eligibility

• Employee and Spouse

• May purchase in units of $10,000 to

a maximum of $150,000

• Premiums based on age, sex and

smoking status


Guarantee Issue Limit

• Guaranteed accepted for insurance up to $50,000 without submitting proof of insurability

• Pre-existing condition applies

• Principal sum will not be paid for an illness which results from a pre-existing condition

• If the illness is diagnosed after 12 months from the effective date of coverage the claim will not be denied


Amounts Exceeding $50,000

• Evidence of insurability is required

(medically underwritten)



• Prior to age 65 make written application to

SSQ

• Premiums based on SSQ rates

QUESTIONS?

Tuition Waiver

Tuition Waiver

Employees

• Eligible for four 3-credit courses per year

• Expected to take courses outside of

normal working hours when possible. If

not available employees are expected to

make up their time if the department can

accommodate the absence.

Tuition Waiver

Spouse & Dependent Children

• Tuition fees reduced by 50% for credit

courses

Tuition Waiver

Procedure:

• Application to be made by employee and sent to Human Resources

• Application on line at http://www.unb.ca/hr/forms/benefitsforms.html

• Note: Deadlines which are posted online

QUESTIONS?

Other Information

Leave Without Pay

• May continue benefits

• Must pay full premium

• Must make arrangement for payment prior

to leave

• Recommended that you do continue the

benefits

Other Information

War Zone

• Certain areas that we travel may be considered a war zone and as a result there may be limitations or exclusions in coverage for LTD and life insurance plans

• May apply for an endorsement that indicates you will be covered

• Additional fee may apply

Other Information

War Zone

• To apply for endorsement, contact Human

Resources with travel itinerary

• War Zones are published on the Human

Resources website

Other Information

Spousal Benefits Upon Death

• Spouse may continue health for remainder of life and dependents as per the dependent definition

• Spouse may continue dental to age 65 then apply for the Province of NB Retired Dental Plan. Dependent eligible as per definition

• Must pay full premium

Pre/Post Retirement Benefit Comparison

Pre-Ret. Benefit Post-Ret. Benefit

Group Life &

Optional Life

% of Salary + optional

amount

Converted Life Amount chosen but limited

to $200,000

Long-term Disability % of Salary Terminated No longer required to

protect earnings

Health UNB Extended Health,

Travel & Prescription

Drugs

Health

Prescription Drugs

UNB Extended Health &

Travel

NB Seniors Drug Plan as

provided by Medavie Blue

Cross at age 65

Dental UNB Dental Plan

formulary

Dental Province of NB Retirees

Dental formulary

Group Accident AD&D benefits Terminated Not available to retirees

Optional Critical

Choice Care

CI Benefit Converted Amount Chosen

Hello UNB, we are listening

UNB’s mandatory programs have been in

place, in substantially the same form as they

exist now, for at least 20 years.

Your Fringe Benefits Review Committee

looks after your interests but we want to

hear from all the plan members.

So…..

Benefit Plan

Member

the survey says…

85

UNB and Corporate Research

Associates (CRA) will be

conducting a survey of UNB’s

Benefits Plan Members starting on

January 31, 2016.

the survey’s goals:

86

1. To find what plan members know about

UNB’s Fringe Benefits Programs;

2. How members feel about them;

3. Do members perceive good value for

their premiums; and…

the survey’s goals:

87

4. What value is placed upon them, vis à

vis their financial plan;

5. What changes, if any, would members

like

6. Other comments members may have

survey details…

• The survey will be open to all active Plan

Members starting Monday, January 31,

2016 and will be open for two weeks.

survey details…

• The survey will be available on-line.

Paper copies will be made available

upon request.

• Plan members will receive an

electronic invitation to participate.

• More details will follow on the UNB

e-News.

Contact Information

Sherri RobichaudHuman Resources Assistant (Benefits)

[email protected]

458-7678

Beth LordHuman Resources Advisor (Benefits & Pensions)

[email protected]

452-6361

Kevin RingHuman Resources Consultant (Benefits & Pensions)

[email protected]

458-7679

mailto:[email protected]



Human Resources website:

unb.ca/hrHot button:

My Benefits

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