Transcript Slide 1

CLASSIFIED
Fringe Benefit Orientation
Wisconsin Retirement System (WRS)
Tax-Sheltered Annuity Program (TSA)
Wisconsin Deferred Compensation
Flexible Spending Account (FSA)
Health Savings Account (HSA)
Edvest College Tuition Program
UW-L Human Resources
2015 contribution: 6.80% of employee’s gross wages (employee contribution & State matching)
Two funds available within the WRS:
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Core Fund: 60% stocks, 40% fixed income and other assets
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Variable Fund: 100% stocks
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All contributions are invested in Core Fund unless you file a Variable Fund election to send 50% of
contributions to Variable Fund
Earliest age to retire is 55 years old, 50 years old for Protective Employees. Normal retirement
age is 65 years old
Five year vesting requirement if hired on or after July 1, 2011 and have no WRS creditable
service prior to July 1, 2011. Immediately vested if you have WRS service prior to July 1, 2011
Annual statements are received in April each year
UW-L Human Resources
Option to elect participation in the variable fund as part of your
Wisconsin Retirement System account
Employee has 30 days from start date to complete the election form for
the current year
Form must be submitted directly to Department of Employee Trust Funds
(ETF)
If employee does not elect to participate in variable for the year in which
he or she was hired, election form for the next year is due by December
30
Additional information about Variable Fund:
www.etf.wi.gov/publications/et4930.pdf
UW-L Human Resources
UW-L Human Resources
UW-L Human Resources
Supplemental retirement account
◦ Voluntary employee contributions
◦ No employer matching
5 TSA Companies to choose from:
◦ Fidelity
◦ T. Rowe Price
◦ TIAA-CREF
◦ Ameriprise/RiverSource Life Insurance
◦ Lincoln National Life Insurance
2015 Contribution amounts
◦ Maximum: $18,000 per year
◦ Minimum: $8.00 per pay period
◦ Age 50 and older: $24,000
Enroll by completing vendor application and salary reduction agreement form
$12.00 annual administrative fee to participate (fee waived for 2015)
UW-L Human Resources
To enroll or for additional information, please contact:
◦ Telephone Number: (877) 457-9327
◦ Website: http://www.wdc457.org
Funds are chosen and monitored by the State Deferred
Compensation Board.
2015 Contribution amounts
◦ Maximum: $18,000 per year
◦ Minimum: None
◦ Age 50 and older: $24,000
Annual fees based on total account balance ($0-$66/year)
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Required Annual Open Enrollment
◦ Application due within 30 days of employment.
Dependent Care
◦ $5,000 maximum
 Single, Head of Household and Married, Filing Jointly
◦ $2,500 maximum
 Married, Filing Separately
Medical Expenses
 $100 minimum
 $2,550 maximum
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Required Enrollment with high deductible health plans (HDHP)
◦ Can begin employee contributions at any time throughout the year
Employer Contributions (Required)
◦ $170.00 single coverage
◦ $340.00 family coverage
Annual Employee Contribution Limits (Optional)
◦ Individuals age 55-65 can contribute an additional $1,000.00/year
◦ $3,350.00 single coverage
◦ $6,650.00 family coverage
Limited Purpose Flexible Spending Account (LPFSA) offered for
dental/vision expenses
UW-L Human Resources
Administered by the Office of the State Treasury with
TIAA-CREF providing records management for all
accounts
Call toll free: (888) 338-3789 for an information and
enrollment kit
Enrollment Web site: www.Edvest.com/savenow or call
toll free at 1-800-368-2424.
UW-L Human Resources
Income Continuation Insurance (ICI)
State Group Health Insurance
Life Insurances
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State Group Life
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Individual & Family Life Ins.
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UW Employees Inc.
Accidental Death & Dismemberment (AD & D)
EPIC Benefits Plus
Dental Wisconsin
VSP Vision Insurance
Long-term Care Insurance
UW-L Human Resources
An application must be submitted indicating whether
you elect or decline the insurance within 30 days of
employment.
Coverage effective after completing 6 months in WRS.
Protects your income during periods of illness or disability
by paying up to 75% of your monthly gross income up to
age 65.
Your salary determines the monthly premium.
UW-L Human Resources
An application must be submitted indicating whether you elect
or decline the insurance within 30 days of employment.
Two month waiting period for coverage with the state
contribution if no prior state service. Can enroll immediately and
pay full cost for the first two months.
See “It’s Your Choice” booklet for additional information.
All health insurance information, can be found in the It’s Your
Choice: Decision Guide and the It’s Your Choice: Reference Book
at: www.etf.wi.gov/members/health_ins.htm
To find out which health plans have providers in your area, refer
to the Choose Your Health Plan section beginning on page 20 of
the Decision Guide.
UW-L Human Resources
HMO Plans and HDHP Plans (La Crosse area)
◦ Health Tradition
◦ Health Partners
◦ Gundersen
PPO (Preferred Provider Plan)
◦ Standard Plan (WPS)
UW-L Human Resources
HMO medical care must be received in selected, in-network Medical Center except for
emergency care or when referred
10% Coinsurance up to out-of-pocket maximum
◦ Preventative care covered at 100%
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Out-of-pocket max is $500/person, $1,000/family
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Single: $92.00/month
Family: $230.00/month
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Preventive & Diagnostic
Employee Premiums
HMO plans have limited uniform dental coverage
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100% coverage, no deductible
Primary (basic) Service
 80% coverage, no deductible
Maximum Dental Benefit: up to $1,000 per person per year
See dental comparison chart for more information about uniform dental coverage
UW-L Human Resources
HDHP medical care must be received in selected, in-network Medical Center except for
emergency care or when referred
10% Coinsurance on medical services after deductible is met
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Preventative care is covered at 100% (no deductible)
Deductible is $1500/person, $3,000/family
After deductible, 10% coinsurance on next $1,000/single and $2,000/family
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Single: $32.00/month
Family: $81.00/month
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Preventive & Diagnostic (in-network)
Employee Premiums
HDHP plans have limited uniform dental coverage after deductible is met
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Primary/Basic Service (in-network)
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100% coverage
80% coverage
Maximum Dental Benefit: up to $1,000 per person per year
See dental comparison chart for more information about uniform dental coverage
UW-L Human Resources
◦ All plans are required to provide the same level of coverage (uniform benefits)
◦ Health Tradition Health Plan
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Provider: Mayo Health System – Franciscan Health Care
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https://www.healthtradition.com/
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Health club membership and CSA reimbursement available
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Health Tradition dental network: https://www.healthtradition.com/wp-content/uploads/2013/11/State_of_Wi_Dental_Providers.pdf
◦ Health Partners Health Plan
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La Crosse Area Provider: Gundersen Health System
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https://www.healthpartners.com/
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Health club membership reimbursement available
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Health Partners dental network: https://www.healthpartners.com/ucm/groups/public/@hp/@public/documents/documents/cntrb_044569.pdf
◦ Gundersen Health Plan
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Provider: Gundersen Health System
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https://www.gundersenhealthplan.org/
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Delta Dental PPO or Premier dental network: http://www.deltadental.com/DentistSearch/DentistSearchController.ccl?DView=DentistDentistSearch
UW-L Human Resources
WPS is administrator of Standard Plan
No dental coverage available
Freedom to choose physician and location of service
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In-network provider
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Plan pays 90% for benefits. 10% co-insurance.
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Deductible $400 per person per calendar year or $800 per family per calendar year.
Out-of-network provider
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Plan pays only 70% for most benefits. 30% co-insurance until maximum deductible amount is met.
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Deductible $500 per person per calendar year or $1,000 per family per calendar year.
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Maximum deductible of $2,000 per person or $4,000 per family per calendar year.
Maximum deductible of $200 per person or $1,000 per family per calendar year.
Advantage Program requires prior notice of non-emergency admissions, or within 48 hours after
an emergency admission
Employee Premiums
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Single: $267.00/month
Family: $666.00/month
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Administered by Navitus Health Solutions. You will receive an ID card from Navitus that you will
need to present when you pick up a prescription.
3 Tiers for Co-Payments
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Tier 1: $5.00
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Tier 2: $15.00
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Tier 3: $35.00
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Tier 4: $50.00 (Out of pocket same as Standard Plan $1,000/single & $2,000/family)
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Tier 3 prescription drugs do not count toward the annual out-of-pocket maximum below.
Annual prescription drug out-of pocket maximums:
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Individual: $410
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Family: $820
Standard Plan:
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Individual: $1,000
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Family: $2,000
Mail Order is available through WellDyneRx. Up to a 90-day supply of Tier 1 and Tier 2 drugs may be
purchased for two copayments.
For additional information, please contact (866) 333-2757 or visit the website: http://www.navitus.com
UW-L Human Resources
State Group Life Insurance
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Administered by Department of Employee Trust Funds (ETF)
University of WI Employees, Inc. Group Life
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Administered by Minnesota Life
Individual & Family Group Life
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Administered by Minnesota Life
UW-L Human Resources
An application must be submitted indicating whether you elect or
decline the insurance within 30 days of employment.
Coverage becomes effective the first of the month after the
application is received, when 6 months in WRS are completed.
Term life insurance program
Each unit of coverage is based upon your annual earnings rounded
up to the nearest $1,000.
Premiums are based upon your age, annual salary, and coverage
selection.
Premiums are paid one month in advance.
Beneficiary Designation form: www.etf.wi.gov/publications/et2320.pdf
UW-L Human Resources
You may elect coverage at the following amounts
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Basic (1x earnings)
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Basic + Supplemental (2x earnings)
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Basic + Supplemental + 1 Additional Unit (3x earnings)
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Basic + Supplemental + 2 Additional Units (4x earnings)
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Basic + Supplemental + 3 Additional Units (5x earnings)
Spouse/Dependent Coverage:
◦ $2.50/month provides:
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$10,000 spouse coverage
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$ 5,000 for each child
◦ $5.00/month provides:
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$20,000 spouse coverage
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$10,000 for each child
UW-L Human Resources
Must apply within 30 days of employment and be eligible to participate
in the State Group Health Insurance Program.
Coverage begins on the first of the month after Human Resources
receives application.
Late enrollment requires medical evidence of insurability.
Benefits include:
◦ Decreasing term insurance.
◦ Coverage amount based on age.
◦ Ranges from $33,000 (under age 35) to $7,000 (age 65 and over).
Beneficiary Designation: www.bussvc.wisc.edu/ecbs/uwee-ga-562.pdf
UW-L Human Resources
Must apply within 30 days of employment.
Coverage begins the first of the month after Human Resources receives application.
You may elect initial coverage at the following amounts:
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Employee: $5,000 / $10,000 / $15,000 / $20,000
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Spouse/Domestic Partner: $5,000 / $10,000
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Children: $2,500 / $5,000
Can increase coverage level on an annual basis during Annual Increase Option Period every
October.
Maximum coverage amount:
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Employee: $300,000
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Spouse/domestic partner: $150,000
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Children: $25,000
Late enrollment requires medical evidence of insurability.
Beneficiary Designation: http://www.wisconsin.edu/hr/benefits/ins/uws1305.pdf
UW-L Human Resources
Open enrollment anytime
Insurance is effective on the first of the month following receipt of the application
Benefit payable for accidental death or dismemberment only
Includes an education and training benefit for any covered surviving dependents
Coverage options range from $25,000 to $500,000 for single and family coverage
Premiums are based upon plan and coverage option selected
Coverage also includes Zurich Travel Assist package
Application/Beneficiary Designation:
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www.uwsa.edu/hr/benefits/ins/uws1245.pdf
UW-L Human Resources
Must apply within 30 days of employment
Supplemental Dental Coverage:
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Crowns, implants, bridges, and other major services are
covered at 50% with an annual benefit maximum of
$1,500/person after a $75 deductible
Orthodontia Coverage:
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Pays 50% up to $1,200 orthodontia lifetime maximum for
dependent children under age 19, after a 12-month
waiting period
Vision Benefit:
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Davis Vision Discount Program is optional for an added
premium
Hospital/Surgery Benefit:
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Pays $200 for each outpatient surgery (at approved
facility) or $200/day of hospital confinement beginning
with third day
Accidental death & dismemberment coverage
This does not replace Health Insurance
UW-L Human Resources
2015 Monthly Premiums
Coverage
Options
Without
Vision
With
Vision
Employee
$19.77
$24.02
Employee and
Child
$39.54
$47.04
$39.54
$47.04
$59.31
$70.34
Employee &
Spouse/
Domestic
Partner
Family
Must apply within 30 days of employment.
A dental provider must be selected from those associated
with the plan
A plan orthodontist must be used
Two plans to choose from:
 Preferred Provider Plan (PPO)
 Select Plan
UW-L Human Resources
If your medical plan does not include dental benefits
OR you want flexibility to use any dentist of your
choice
Obtain a greater benefit for services by using innetwork provider
2015 Monthly Premiums
PPO Plan
Employee
$25.49
Employee & Spouse/
Domestic Partner
$53.96
Employee &
Child(ren)
$60.34
Family
$91.21
Annual deductible:
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$25 in-network dentist
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$50 out-of-network dentist
Waiting period:
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Diagnostic and Preventative services:
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No waiting Period
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Basic and Major Services: 3 months for new enrollees
only
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Orthodontia: 12 months
PPO Provider Directory:
www.uwsa.edu/hr/benefits/ins/dppoprov.pdf
UW-L Human Resources
If your health plan has a dental benefit AND
you want additional comprehensive
benefits
This plan supplements dental benefits
provided by health plan
Freedom to choose any dentist
No coverage for preventive or diagnostic
services.
Many restorative services are partially
covered after a $50 deductible.
Waiting Period:
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Basic and Major Services: 3 months for new
enrollees only
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Orthodontia: 12 months
UW-L Human Resources
2015 Monthly Premiums
Select Plan
Employee
$20.52
Employee &
Spouse/Domestic
Partner
$42.19
Employee &
Child(ren)
$48.68
Family
$71.59
UW-L Human Resources
Must enroll within 30 days of employment
begin date
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No subscriber card: Use Person ID#
Covers:
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One eye exam per year with a $10 co-pay
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One pair of lenses/contacts per year after co-pay
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Frames covered once every 24 months after $25
co-pay
Must enroll for entire year for eligibility
Premiums are paid pre-tax
Plan Information:
www.uwsa.edu/hr/benefits/ins/vision.htm
UW-L Human Resources
2015 Monthly Premiums
Coverage Options
Employee Only
$6.54
Employee &
Spouse/Domestic
Partner
$13.08
Employee &
Child(ren)
$14.73
Employee & Family
$23.54
All employees, spouses and parents of both
may apply at any time, subject to medical
underwriting.
Visit the ETF website for additional information:
http://etf.wi.gov/members/benefits_ltci.htm
UW-L Human Resources
UW-L Human Resources