university of st. thomas 2015 annual enrollment briefing
DESCRIPTION
University of St. Thomas 2015 Annual Enrollment Briefing. Annual Enrollment. Monday, November 3 through Friday, November 14 th “Passive ” enrollment this year Your current Medical, Dental, Vision and Life I nsurance elections remain the same - PowerPoint PPT PresentationTRANSCRIPT
University of St. Thomas
2015 Annual Enrollment Briefing
Annual Enrollment• Monday, November 3 through Friday, November 14th • “Passive” enrollment this year
– Your current Medical, Dental, Vision and Life Insurance elections remain the same
– Health Care and/or Dependent Care Flexible Spending Account(s), and Health Savings Account (HSA) contributions need to be re-elected each year through the online annual enrollment system
• Changes at any other time of the year are not allowed unless you experience a “qualifying status” change
• The effective date for changes is January 1, 2015
• Increases to the cost for the medical plans - see chart on page 7 for details
• The deductible on the medical high deductible health plan (HDHP) will increase by $100 for an individual and by $200 for a family (from $2500/$5000 to $2600/$5200), per IRS regulations
• The Health Savings Account (HSA) maximum employee annual contribution amount will increase to $3,350 for Employee Only coverage and to $6,650 for Employee+Spouse, Employee+Child(ren) and Family coverage
Changes for 2015
BCBS Medical Plan Comparison$500/$1000 Deductible + Copay
$1250/$2500 Deductible
$2600/$5200 Deductible - HDHP
Deductible - Calendar Year
$500 Individual$1,000 Family
$1,250 Individual$2,500 Family
$2,600 Individual$5,200 Family
Medical Out of Pocket - Calendar Year
$2,000 Individual$4,000 Family
$2,500 Individual$5,000 Family
$2,600 Individual$5,200 Family
Rx Out of Pocket - Calendar Year
$2,000 Individual $4000 Family
$2,500 Individual$5,000 Family
Included in medical amount above
Preventive Care 100% 100% 100%
Office Visit or Urgent Care
$35 Copay 80% after Deductible
100% after Deductible
Retail Clinic(Target, MinuteClinic, etc)
$15 Copay 80% after Deductible
100% after Deductible
In-Patient, Out-Patient, Emergency Room
80% after Deductible
80% after Deductible
100% after Deductible
Prescription Drugs $15/35/85 $15/35/85 100% after Deductible
Medical Plan Decision-Making Tool
• You will again have a tool that can help you decide which medical plan is right for you– Start here for 2015 annual enrollment
• The tool will ask you questions about your health usage as well as that of your family
• It will then provide you cost information which incorporates your payroll deduction as well as your out of pocket expenses when you incur a healthcare expense
Medical Plan Cost Comparison
2015 Medical Plan Rates
$500/$1000 Deductible + Copay Plan
Total Monthly Cost
UST Monthly Subsidy
Your Monthly Cost
Your Bi-Weekly Cost
Employee Only $644.78 $471.06 $173.72 $86.86
Employee +Spouse $1,160.56 $741.88 $418.68 $209.34
Employee + Child(ren) $1,063.86 $680.08 $383.78 $191.89
Family $1,676.36 $1,071.62 $604.74 $302.37
$1250/$2500 Deductible Plan Employee Only $586.12 $471.06 $115.06 $57.53
Employee +Spouse $1,054.94 $741.88 $313.06 $156.53
Employee + Child(ren) $967.04 $680.08 $286.96 $143.48
Family $1,523.82 $1,071.62 $452.20 $226.10
$2600/$5200 Deductible Plan - HDHP Employee Only $571.28 $471.06 $100.22 $50.11
Employee +Spouse $1,028.26 $741.88 $286.38 $143.19
Employee + Child(ren) $942.56 $680.08 $262.48 $131.24
Family $1,485.25 $1,071.62 $413.64 $206.82
7
2014 and 2015 Medical Plan Rate Comparison
$500/$1000 Deductible + Copay Plan2015 Bi-Weekly
Cost
2014 Bi-Weekly
Cost
Employee Cost
Difference
2015 UST Bi-Weekly
Cost
2014 UST Bi-Weekly
Cost
UST Cost Difference
Employee Only $86.86 $83.37 $3.49 $235.53 $212.81 $22.72
Employee +Spouse $209.34 $197.94 $11.40 $370.94 $335.16 $35.78
Employee + Child(ren) $191.89 $181.44 $10.45 $340.04 $307.24 $32.80
Family $302.37 $285.91 $16.46 $535.81 $484.13 $51.68
$1250/$2500 Deductible Plan2015 Bi-Weekly
Cost
2014 Bi-Weekly
Cost
Employee Cost
Difference
2015 UST Bi-Weekly
Cost
2014 UST Bi-Weekly
Cost
UST Cost Difference
Employee Only $57.53 $53.15 $4.38 $235.53 $212.81 $22.72
Employee +Spouse $156.53 $143.65 $12.88 $370.94 $335.16 $35.78
Employee + Child(ren) $143.48 $131.67 $11.81 $340.04 $307.24 $32.80
Family $226.10 $207.49 $18.61 $535.81 $484.13 $51.68
2014: $2500/$5000 Deductible Plan - HDHP 2015: $2600/$5200 Deductible Plan - HDHP
2015 Bi-Weekly
Cost
2014 Bi-Weekly
Cost
Employee Cost
Difference
2015 UST Bi-Weekly
Cost
2014 UST Bi-Weekly
Cost
UST Cost Difference
Employee Only $50.11 $45.01 $5.10 $235.53 $212.81 $22.72
Employee +Spouse $143.19 $128.89 $14.30 $370.94 $335.16 $35.78
Employee + Child(ren) $131.24 $118.15 $13.09 $340.04 $307.24 $32.80
Family $206.82 $186.18 $20.64 $535.81 $484.13 $51.68
Delta Dental Plan
Delta Dental PPO(In-Network)
Delta Premier(Out of Network)
Diagnostic & Preventive
100% 100%
Deductible – Calendar Year
None $25 Individual; $75 Family
Basic Services 100% 90% after Deductible
Periodontics & Endodontics
80% 80% after Deductible
Oral Surgery 80% 80% after Deductible
Major Services 50% 50% after Deductible
Orthodontics (children age 8-18)
50% to a Lifetime Maximum of $1,500
50% to a Lifetime Maximum of $1,500
The plan will pay up to $1,500 per person per calendar year. This does not include orthodontia; ortho has a separate LIFETIME
maximum benefit.
(No changes to the plan design)
Dental Plan Cost(No change to premium rates)
2015 Dental Plan Rates
St. Thomas Dental Plan
Total Monthly
Cost
UST Monthly Subsidy
Your Monthly
Cost
Your Bi-Weekly
Cost Employee Only $33.74 $8.44 $25.30 $12.65 Employee +Spouse
$84.38 $21.10 $63.28 $31.64
Employee + Child(ren)
$77.34 $19.34 $58.00 $29.00
Family $121.88 $30.48 $91.40 $45.70
EyeMed Vision Plan(No changes to the plan design)
In-Network Member Cost Out of Network Reimbursement
Exam w/ dilation as necessary
$10 Copay Up to $30
Contact lens fit and follow up Standard contact Premium contact
Up to $4010% off Retail
n/an/a
Frames No copay; $130 allowance; 20% discount on charge over $130
Up to $65
Standard Plastic Lenses Generally $25; see benefit guide for details
Varies from $25-60 depending on type of lens; see benefit guide for details
Lens Options Generally $0; see benefit guide for details
Generally up to $5
Contact Lenses Generally $150 allowance; see benefit guide for details
Up to $120
Frequency Examination Frame Lenses or Contact Lenses
Once every 12 monthsOnce every 24 monthsOnce every 12 months
Vision Plan Cost(No change to premium rates)
2015 Vision Plan Rates
St. Thomas Vision Plan
Total Monthly
Cost
UST Monthly Subsidy
Your Monthly
Cost
Your Bi-Weekly Cost
Employee Only $ 6.28 - $ 6.28 $3.14
Employee + Family $16.90 - $16.90 $8.45
2015 Health Care & Dependent Care Flexible Spending Accounts
• Annual amount must be elected through the Online Annual Enrollment System (Murphy Online)
• Separate limit amounts for each account– Health Care Account limit is $2,500 – Dependent Care Account limit is $5,000
• Check your 2014 balance for surplus and spend before December 31st
• Grace Period – Incur claims until March 15th; reimbursable up to May 15th
2015 - Health Savings Account (HSA)
• Each year you must designate your pre-tax payroll HSA contribution– You can change your election amount through the
Online Annual Enrollment System, as well as access the HSA Enrollment Packet if you are a first time enrollee
• Balance resides in account, no loss at end of year• Penalty for non-qualified withdrawals is 20%• The maximum contribution for 2015 will increase to
$3,350 (individual) and $6,650 (family) • Additional $1,000 contribution allowed for account
holders that are 55 or older• For more detailed information about the HSA, consider
attending one of the HSA education sessions
Voluntary Term Life Insurance & AD&D
• Employee: – up to 5x your annual salary in increments of
$10,000, not to exceed $500,000
• Spouse: – up to 5x your annual salary in increments of
$10,000, not to exceed $500,000
• Child(ren):– benefit election can be either $5,000 or $10,000
*Note: You must be enrolled in Voluntary Term Life Insurance and/or AD&D to carry coverage for any of your family members.
Voluntary Term Life Insurance & AD&D
• If currently enrolled in voluntary life and or AD&D, you can purchase additional life insurance up to the guarantee issue amount of $200,000
• If currently enrolled in spousal voluntary life and/or AD&D, you can purchase additional coverage up to the guarantee issues amount of $50,000
• If not currently enrolled or if you would like to purchase above the guarantee issue amount for life insurance and/or AD&D, you will be required to go through “evidence of insurability” (EOI)
Long Term Disability• The university provides a long term disability (LTD)
benefit providing income should you become disabled
• During annual enrollment, you can elect to pay taxes on the premium, making the income benefit received non-taxable– If you choose to change the taxability of your
LTD benefit, please complete the form provided in your 2015 Benefit Guide and return it AQU213 no later than 4:30 p.m. on Friday, November 14th
Employee Online Enrollment
• You must complete the online enrollment process to: – newly elect, change, or drop medical, dental
and/or vision coverage – add or drop family members from your
coverage – continue or add a Health Care and/or
Dependent Care Flexible Spending Account election or
– continue or elect a Health Savings Account (HSA) for the first time if enrolling in the medical HDHP
• You do not need to complete the annual online enrollment process if:– you do not wish to participate in the FSA or
HSA and, – you do not wish to make other changes to your
2014 elections
Online Enrollment• All changes need to be completed and submitted
by 11:59 p.m. on November 14th, 2014• Benefits staff available:
• 8:00am to 4:30pm M-F, Aquinas Hall Room 213• Phone: 651-962-6520• Fax: 651-962-6524• Email: [email protected]
Eligibility • If your family members currently are covered
under any of our benefit plans, you should confirm their continued eligibility under each of the plans before deciding whether to complete annual enrollment
• It is your responsibility to remove ineligible family members from coverage, and failure to do so could result in adverse consequences to you
Questions?
• Questions?• Thank you for attending the 2015 Annual
Enrollment meeting!