you’re the one that we want!
DESCRIPTION
You’re the one that we want!. 2014 Open Enrollment and Benefit Presentation. What are we covering today?. Healthcare Reform and how it impacts you? Immanuel Benefits What’s new for Immanuel? Wellness Reward How to make changes Due Date – November 22 nd , 2013 – 4:00 p.m. - PowerPoint PPT PresentationTRANSCRIPT
YOU’RE THE ONE THAT WE WANT!
2014 Open Enrollment and Benefit Presentation
WHAT ARE WE COVERING TODAY? Healthcare Reform and how it impacts you?
Immanuel Benefits
What’s new for Immanuel?
Wellness Reward
How to make changes
Due Date – November 22nd, 2013 – 4:00 p.m.
HEALTHCARE REFORM AND HOW IT IMPACTS YOU If you are eligible for Immanuel Benefits…
You and dependents are NOT eligible for a subsidy/discount Cost of similar Marketplace plan:
Immanuel EE+Child - $310.00/month $1500/$3000 deductible
Marketplace EE+Child - $736.57/month $2000/$4000 deductible and limited provider list
Eligible for Immanuel’s contribution towards insurance premiums and H.S.A
Eligible for tax break
DID YOU KNOW…IMMANUEL HAS ALL OF THESE BENEFITS? Medical Insurance with max
out of pocket $773/$1546 after HSA contribution
Dental with Adult/Child Orthodontia plus Vision Benefits
Life Insurance – Company pays 1X’s your annual salary
Income protection through ST/LT Disability coverage
Accident Insurance
Cancer Insurance policy Flexible Spending Accounts for
dependent and medical expenses
EAP Financial/Legal Resources 401(k) with 3% annual
contribution and 50% match on your first 6% contributed
PTO Holidays: 6 plus 2 floaters!
DID YOU KNOW…THERE IS MORE? Helping Hands Assistance
Fund Living the Mission PTO Fund Adoption Assistance
Program Employee Discounts Identity Theft Insurance Wellness Program –
Weekly education/snacks Fitness Centers
Tuition Reimbursement FT - $3,000 PT - $1500
FREE Parking CHRIST Centered
Organization 93% say they Enjoy their Work Leaders value people as their
most important resource Top 5 Best Places to work
Monthly Celebrations
SAME PLAN… …NEW MEDICAL PREMIUMS NEW 2014 Full-Time (32+hrs/wk) Rates
EE Only $49.75/check $44.78 subsidized
EE+Spouse $164/check $147.60 subsidized
EE+Child(ren) $155/check $139.50 subsidized
Family $186/check $167.40 subsidized
2013 Full-Time (32+hrs/wk) Rates EE Only $45.75/check
$41.18 subsidized EE+Spouse $146/check
$131.40 subsidized EE+Child(ren) $143/check
$128.70 subsidized Family $163/check
146.70 subsidized
*Employees with a wage of $14/hour or less receive a 10% discount on medical premiums.
PART TIME… …NEW MEDICAL PREMIUMS
New 2014 Part-Time (28-31hrs/wk) Rates EE Only $65.25/check
$58.73 subsidized EE+Spouse $214/check
$192.60 subsidized EE+Child(ren) $202/check
$181.80 subsidized Family $242/check
$217.80 subsidized
2013 Part-Time (28-31+hrs/wk) Rates EE Only $60.00/check
$54.00 subsidized EE+Spouse $190/check
$171.00 subsidized EE+Child(ren) $184/check
$165.60 subsidized Family $212/check
$190.80 subsidized
*Employees with a wage of $14/hour or less receive a 10% discount on medical premiums.
BEST CARE EAPBest Care EAP
Short – term Counseling up to 5 sessionsConfidentialWebsite resources and webinarsMust be 19 yrs of ageEmployed by Immanuel or eligible dependent
Legal and Financial ServicesFree Initial Consultation & discounted rates“Do It Yourself” Legal Forms/Document Preparation &
Financial Calculators
COVENTRY MOBILE APPCoventry has a new Mobile App!
Secure access to view, email and fax your:ID CardProvider search to obtain participating network Dr’s,
hospitals and urgent care centersCurrent medicationsAllergy and immunization detailsEmergency contact infoSurgery and procedure historyFamily history details
H.S.A MAXIMUM CONTRIBUTION LIMITS2013 Employee Only
$3,250 Employee Plus/Family
$6,450 Catch-up (age 55+)
$1,000
2014 Employee Only
$3,300 Employee Plus/Family
$6,550 Catch-up (age 55+)
$1,000
*Catch-up contributions can be made any time during the year in which the H.S.A participant turns 55
WELLNESS REWARD 2014Immanuel’s H.S.A. contributions become the
2014 Wellness Reward if - Completed Health Risk Assessment Completed Biometric Screenings Completed Tobacco Affidavit Started employment or insurance after July 1, 2013
Receive $14.50/ck
WELLNESS REWARD 2015Immanuel’s H.S.A. contributions become the
2015 Wellness Reward if - Complete Health Risk Assessment Complete Biometric Screenings Complete Tobacco Affidavit Complete and earn 100 Points
Receive $Reward$
IMMANUEL $1 FOR $1 MATCH2013Employee Only - $350*Family - $700*
*Amount is prorated based on eligibility date
2014Employee Only - $350*Family - $1077*
TOTAL H.S.A CONTRIBUTIONS
BY IMMANUELWellness Reward Completed or
New Participant (After July 1, 2013)
Employee - $727
Family - $1,454
TOTAL H.S.A CONTRIBUTIONS
BY IMMANUELNO Wellness Reward!
Employee - $350
Family - $1,077Eligible for match only!
TOTAL OUT OF POCKET WITH CONTRIBUTIONS
FROM IMMANUEL
Employee - $773
Family - $1,546That cuts your deductible almost in half!
SHORT-TERM DISABILITYNew STD Eligibility – 60% Payout
YearsWeek
1Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Week 11
Week 12 LTD
0 to 1
1 to 10
11+ Yrs
•Must be employed for One Year before benefit Eligible.•Three (3) week waiting period before benefits begin once eligibility period is met.•Years 1 to 10 years – eligible for 5 weeks of pay at 60% following waiting period.•Years 11 plus – eligible for 9 weeks of pay at 60% following waiting period.
UNIVERSITY PARTNERSHIPBellevue University has partnered with Immanuel to offer us:
A dedicated Learning StrategistStreamlined enrollment processApplication fee waived for Immanuel employeesThe University will defer payment of tuition and fees up to
45 days following end of the class/session. *Approval for the deferral program is contingent upon completion of all required documents.
FEDERAL EDUC PROGRAM FYI…Public Service Loan Forgiveness (PSLF) Program:
This program is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, you may qualify for forgiveness of the remaining balance due on Federal Direct Loan Program loans after you have made 120 qualifying payments while employed full-time by certain public service employers.
Immanuel qualifies as a public service employer since we are a not-for-profit, tax-exempt organization under section 501(c)(3) of the Internal Revenue Code.
Full-time employment is defined as at least an average of 30 hours per week.
See flyer for additional information if you are interested.
TAKE ACTION - FORMS Health Savings Account Changes – complete a H.S.A
change form Flexible Spending Account holders – complete a PayFlex
FSA Enrollment form Life Insurance – You will need to complete a Change Form
and an Evidence of Insurability (EOI) 401(k) – You will need to complete a Principal 401(k) change
form.
ALL forms are available at Immanuelbenefits.com or your HR Manager or on the table NOW in this room.
ACTION = CHANGES If you want to make a Change to your benefits – CALL the
Benefit Call Center at 1-877-282-0808
DUE BY: November 22, 2013
4:00 P.M.
NO ACTION =No Changes
2014 Coverage will be the same as 2013 Coverage
elections (except FSA)
YOU’RE THE SQUARE THAT I WANT!