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Employee Orientation 2006 Human Resource Department Delta State University WELCOME!!!! The Human Resources department is a key support department within the university system. Our goal is not only to help recruit - but also retain a well-trained, diverse, motivated workforce capable of carrying out the educational, research, and service missions of the University. Our mission is to enhance the quality of work life for you – our employee. Our purpose today: to inform you about our fringe benefits program, and the related advantages afforded to every employee. DSU FRINGE BENEFITS Ben Bufkin, Associate Vice President for Finance Lisa Giger, Coordinator Stella Woods, Administrative Assistant Crystal Gentry, Senior Secretary State Health Insurance Self funded State of Mississippi Health Insurance Plan Claims administered by Blue Cross/Blue Shield of Mississippi Lifetime maximum benefit: $1,000,000 Two types of coverage to select from • Base Coverage • Select Coverage State Health Insurance- Base Coverage Employer provides coverage for the employee – employee pays for dependent coverage In-network and out-of network deductible • Individual - $1050 • Family - $2,100 Co-insurance/Co Payment Amount Maximum – payable at 100% • Individual – In network: $2,450 Out-of Network: $3,950 • Family – In network: $4,900 Out of Network: $7,900 Cost Sharing for In-Area Participants • In network: 80%/20% • Out of network: 60%/40% Cost Sharing for Out-of-Area Participants • In network: 80%/20% • Out of network: 75%/25% $250 Wellness/Preventive Coverage Benefit for In-Network State Health Insurance – Base Coverage Prescription drugs are subject to the same deductible as medical services. Prescription drug co-payments will apply after the in-network or out-of-network deductibles are met. • Generic: $12.00 • Brand: $30.00 • Preferred: $50.00 Meets Criteria of High Deductible Health Plan – HSAs • Federal law allows eligible individuals who are covered by a HDHP to establish Health Savings Account (HSA) • Allows individuals to pay current health expenses and save for future qualified health and retiree expenses on a tax free basis. • Must be funded through a trust or custodial accounts (banks, insurers, IRS approved entity) • Individuals cannot be covered by other health insurance, enrolled in Medicare (does not include supplemental health policies), and be claimed as a dependent on someone else’s tax return. Refer to Summary of Medical Benefits on pages 11-15 of the Plan Document State Health Insurance – Base Coverage BASE COVERAGE PREMIUMS: • Employee $0 • Spouse $318.00 • Spouse & Child(ren) $486.00 • 1 Child $84.00 • 2 or more children $211.00 • High Option Coverage for Children is available for an additional $20 per month. Benefits available are newborn nursery care, well-child office visits, immunizations, and routine tests. State Health Insurance – Select Coverage Employee can elect to buy up to Select Coverage ($17/month) – employee pays for dependent coverage In-network Deductible • Individual - $500 • Family - $1,000 Out-of network Deductible • Individual - $1,000 • Family - $2,000 Co-insurance/Co Payment Amount Maximum – payable at 100% • Individual – In network: $2,000 Out-of Network: $3,000 Cost Sharing for In-Area Participants • In network: 80%/20% • Out of network: 60%/40% Cost Sharing for Out-of-Area Participants • In network: 80%/20% • Out of network: 75%/25% State Health Insurance – Select Coverage $250 Wellness/Preventive Coverage Benefit for In-Network Prescription drugs are subject to a $50 calendar year deductible – separate from the medical deductible. • Generic: $12.00 • Brand: $30.00 • Preferred: $50.00 Refer to Summary of Medical Benefits on pages 6-10 of the Plan Document State Health Insurance – Select Coverage SELECT COVERAGE PREMIUMS: • Employee $17.00 • Spouse $378.00 • Spouse & Child(ren) $546.00 • 1 Child $144.00 • 2 or more children $271.00 • High Option Coverage for Children is available for an additional $20 per month. Benefits available are newborn nursery care, well-child office visits, immunizations, and routine tests. State Health Insurance Employees who are hired after January 1, 2006 are considered Horizon employees. Employees who were a full-time employee of a covered entity under the Plan prior to January 1, 2006 are considered Legacy employees. The Select Plan is provided at no cost to the employee for those who are considered legacy employees. State Health Insurance Must enrolled within 31 days of employment. (Includes dependent coverage) Coverage becomes effective on the first day of employment (August 17) ½ months premium will be deducted from the paycheck received in September for dependent coverage for August. State Health Insurance You are subject to a 12-month pre-existing condition exclusion period The exclusion period will be reduced by the amount of prior creditable coverage that you have at the time of enrollment. Must have a qualifying event in order to add dependents at a later date. State Health Insurance Catalyst Rx (Pharmacy Benefit Manager) • Select Plan - $50 deductible per calendar year per individual (separate from medical calendar year deductible) • Base Plan – Subject to the same deductible as medical services. Prescription drug co-payments will apply after the in-network or out-of-network deductibles are met. • Co-pays: • generic $12.00 • preferred brand drug: $30.00 • other non/preferred drug (with no generic equivalent): $50.00 – Note: If you purchase a brand name drug that has a generic equivalent, you will pay the difference in the cost of the brand drug and the generic drug plus the generic co-payment. State Health Insurance Pharmacy Mail Order Program • Provided by Walgreens Healthcare Plus • Receive a three months supply of your maintenance medication for the same co-pay that a two months supply would cost. • Obtain a new prescription from your doctor for a 90-day supply with up to three refills and complete order form. State Health Insurance PRECERTIFICATION AND UTILIZATION REVIEW • IntraCorp • At least five days prior to non-emergency admission • Within 48 hours following emergency admission • Prior to outpatient diagnostic test (listed in the Plan Document, pages 35) State Life Insurance State Employees’ Life Insurance Plan: AETNA Life Insurance Company • Coverage twice employee’s annual wage to the next higher (provided the salary is an uneven amount) • Minimum of $30,000 • Maximum of 100,000 • University pays 12 cents per thousand; Employee pays 12 cents per thousand Supplemental Life Insurance Hartford Life & Accident Insurance Company • Guaranteed issue up to $50,000 • Minimum amount is $5,000 • Less than $50,000 - must be in multiples of $5,000 • Cost depends on age Universal Life TRANSAMERICA • Combines life insurance protection with an ability to grow cash value. • Long term care coverage is available up to 50 months – 2% per month • Layoff waiver protects your life insurance from lapse up to six months if you are involuntary laid off. • Cost depends on age and are classified according to smoker and non-smoker rates. Rates remain the same at the age of time of enrollment. New York Life 5 & 20 Year Term, IPT Term, Whole Life and Universal Life Competitive rates Design the plan to fit your needs Dependent coverage available Insurance is portable with no increase in cost or decrease in benefit Must prove insurability Optional Health Insurance Transamerica • CancerSelect • Vision • In Network: $10 co-pay for eye exams and $25 co-pay for lenses/frames or contact lenses • Out-of-Network: Reimbursed on a schedule of benefits • Short-term Disability • Accident Optional Health Insurance Fortis • Dental • Freedom Basic – Type I (100%) and Type II (80%) Services • Freedom Preferred – Type I (100%), Type II (80%), Type III (50%) and Type IV – Orthodontics (50%) AFLAC • Personal Cancer Protector Plan • Voluntary Indemnity Plan • Personal Accident Expense Plus Metlife • Accident Death and Dismemberment • Highest amount available is 10 times your basic annual earnings or $500,000, whichever is less. Retirement Public Employees’ Retirement System Optional Retirement Plan (ORP) • ING • TIAA-CREF • VALIC Retirement PUBLIC EMPLOYEES’ RETIREMENT SYSTEM • Contributory Plan • Employee 7.25% • Employer 11.30% • Four Year Vesting • Retirement Eligibility • 25 years of service, regardless of age • Age 60, with four or more years of service • Defined Benefit Plan Retirement Advantages of PERS • Disability income protection • Military service credit • Unused leave credit • Cost of living increase • Stability of system • Minimum monthly payments after 4 years of service upon qualification of retirement • Can purchase out-of-state service • Spousal and dependent child benefits available after 4 years of service Retirement Disadvantages of PERS • Non transferable • 4-year service requirement for monthly disability, survivor and retirement benefits • Employee does not have access to employer contributions if terminates prior to eligibility for monthly benefits. Retirement OPTIONAL RETIREMENT PLAN • Teaching faculty • Administrative faculty/staff with budgetary authority • Librarians with academic rank • Intercollegiate coaches with or without academic rank Retirement OPTIONAL RETIREMENT PLAN Contributory Plan • Employee - 7.25% • Employer – 11.30% (Employees have access to 8.80% of employer contribution.) Vests immediately Portable Defined contribution plan Retirement Advantages of ORP • Access to contributions of 16.05% • Portability • Benefits available upon termination at any age subject to applicable penalties • Control over investment • Immediate vesting Retirement Disadvantages of ORP • Disability benefits based on account value • Survivor benefits based on account value • No additional credit for unused or military leave • No cost of living increase • Employee does not have access to 2.5% of employer contribution Retirement Employees has 30 days to decide on ORP. After the 30 day period has expired, the employee will automatically become enrolled in the Public Employees’ Retirement System Savings Programs Mississippi Deferred Compensation Program Tax Sheltered Annuities Mutual Fund Investment Roth IRA United States Savings Bond Credit Union Mandated Benefits Unemployment Social Security Workers’ Compensation • Must report injury to Student Health Services. Pre-Tax Benefit Plans Administered by Employee Benefit Concepts. • Pre-taxation of premiums • Flexible Spending Accounts • Care Flex - Dependent Care/elder care • Mediflex - non-reimbursed medical expenses up to a maximum of $5,000 per plan year Educational Assistance Employees - allowed to take up to 6 hours of credit free Dependent Children - receive 50% tuition remission scholarship Spouses - Free tuition based on a part-time or full-time load Reciprocal Agreement between DSU and MDCC for Faculty, Staff, and Dependents Leave Time Faculty • Personal Leave: Not eligible • Major Medical Leave: Accrue 13.33 hours/month (15 days annually) from September-May Staff • Personal Leave: Accrue 12 hours per month (18 days annually) • Major Medical Leave: Accrue 8 hours per month (12 days annually) Payroll Information Salaried employees are paid on the last working day of the calendar month. Checks for December are normally issued on the last working day before Winter holidays begin. As a service to faculty and staff, the check may be deposited in a bank that accepts direct deposit; designated by the employee. The check stub will be sent through campus mail. Employees who do not request direct deposit will receive their check in campus mail. Please check with your department. Identification Cards Serves to identify employees of the University for credit references, bookstore purchases, library use, etc. Used for door access Activity cards, available for a small fee, provide general admission to athletic games and use of the swimming pool, tennis courts, fitness center. Payroll deduction is available for deposits to the Okra Green debit account. Can be used at Follett Bookstore, Aramark Food Services, concession stands, and some restaurants in Cleveland. REMINDERS!!! Benefits Fair - August 23 – Union Building, State Room - 9:00-3:30 Copy of Drivers License and Social Security Card Spouse, Dependent children, and/or Beneficiary social security numbers, dates of birth, and addresses Males between the ages of 18 and 26 - Selective Service Registration number Annual Salary Complete and return all stapled forms in your benefit package by August 31st to HR office or Benefits Fair. QUESTIONS ?????
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