Office of Human Resources

Welcome To TWU!

Every job is a self-portrait of the person who does it, autograph your work with excellence.

--Author Unknown Denton, Texas 940/898-3555

Office of Human Resources • • • • • • What’s the Agenda for Today AGENDA FOR TODAY?

THE

Health/ Dental Overview Enrollment Deadlines Optional Coverage & Flexible Benefits Retirement Overview Worker’s Compensation Questions and Answers /Dental

Denton, Texas 940/898-3555

Office of Human Resources Denton, Texas 940/898-3555

DO YOU MEET THESE CRITERIA?

1) Are you a Direct Transfer from another Texas state agency?

2) Does your spouse or parent work for a Texas state agency and if so, does that relative cover you for health, dental or dependent life insurance through the Texas GBP?

3) Are you a 9 month employee, or part-time?

If you meet one of these conditions, please let the Benefits Representative know. This could possibly waive your 90 day waiting period for health coverage.

Office of Human Resources • • • • •

Health Insurance Overview

Coverage is effective the First day of the month after your 90 th day of employment.

No deductible $2,000/Calendar year Coinsurance Maximum Primary Care Physician Required Specialist Referrals required (except for routine eye exam and OB-GYN) Low office visit co-pay • $25 Primary Care Physician • $40 Specialist • Hospital co-payments – $100 Outpatient co-pay then 80/20 – $150 Inpatient co-pay per day up to 5 day maximum and 80/20 – $150 ER co-pay then 80/20 – Non-Network benefits Available.

Denton, Texas 940/898-3555

Office of Human Resources

PRESCRIPTION DRUG PROGRAM

• Prescriptions are $15, $35, $60 • $50 Plan Year (9/1 to 8/31) deductible (per family member) • Generics mandatory when available • Maintenance medications (long-term) -

Use mail order or pay cost difference and continue to use network pharmacy

Denton, Texas 940/898-3555

Dental Insurance

ERS has offers two dental plans. Each has different costs, benefits, service areas and participating dentists. Office of Human Resources

Humana Dental

This plan works like an HMO. You and your eligible dependents must get your dental care within the Humana Dental HMO service area (inside the state of Texas).

Denton, Texas 940/898-3555

State of Texas Dental Choice Plan

Administered by the Humana, this plan allows you to visit any dentist, and you and eligible dependents can enroll regardless of where you live.

To compare and see which is right for you, use the dental comparison chart provided or visit plan descriptions available online.

Enrollment Deadlines

Office of Human Resources •90 days from your hire date to add a dependent(s) to your health insurance.

Denton, Texas 940/898-3555 •30 days from your hire date to enroll in dental coverage.

Office of Human Resources Denton, Texas 940/898-3555

WHAT ELSE CAN I CHOOSE?

(Must enroll within your first 30 days of employment)

• Optional Term Life* • Dependent Term Life* • Voluntary Accidental Death & Dismemberment (AD&D) • Short-Term Disability* • Long-Term Disability* • TexFlex Reimbursement Accounts • Long Term Care* • Opt-Out

*Generally EOI required outside of initial enrollment period .

Optional Term Life

Office of Human Resources Denton, Texas 940/898-3555 • Optional Term Life – Election I = 1 x annual salary – Election II = 2 x annual salary – Election III = 3 x annual salary* Requires EOI approval – Election IV = 4 x annual salary* Requires EOI approval *Administered by Fort Dearborn Life Insurance Company (FDL).

Dependent Term Life

Office of Human Resources Denton, Texas 940/898-3555 • • This policy provides life insurance coverage for each covered family member, and requires you to pay a monthly premium.

An employee is eligible to sign up for a $5,000 policy. * Administered by Fort Dearborn Life Insurance Company (FDL).

Voluntary Accidental Death & Dismemberment (AD&D)

Office of Human Resources

Accidental death

In the event of your death as the direct result of an accident, your beneficiary will receive the amount of insurance you select.

Dismemberment

If you have an accident and experience bodily losses as a direct result of the accident, you will receive AD&D benefits.

Cost

The cost of Voluntary AD&D coverage depends on the amount of coverage you purchase. Coverage is purchased in increments of $5,000: the minimum coverage available is $10,000, and the maximum coverage available is $200,000 and is available for you and your dependents.

Denton, Texas 940/898-3555

Disability Insurance

Office of Human Resources

Short Term

– – – – Premium is .26 per $100 of monthly salary Must be off work 30 days before coverage begins Insurance pays 66% of salary for a maximum of 5 months Maximum benefits $6,600 per month

Long Term

– – – – Premium is .63 per $100 of monthly salary Must be off work 90 days before coverage begins Insurance pays 60% of salary until age 65 Maximum benefits $6,000 per month Denton, Texas 940/898-3555

TexFlex Reimbursement Accounts

•Make an annual pledge that is deducted pre-tax from your paycheck.

•The pledge is deposited into your personal account, which you use to reimburse yourself for medical, dental, and day care expenses.

Office of Human Resources Denton, Texas 940/898-3555 •File for reimbursement via mail, fax, or use of a debit card.

•$12 annual administrative fee, $15 annual debit card fee.

•Money contributed must be used during that plan year, (September 1 st -August 31 st ) or it is forfeited (grace period until November 15 th ).

Health Insurance Opt-Out Program

Office of Human Resources • • The Health Insurance Opt-Out Credit is for employees who do not elect the State’s health insurance because they have other health insurance that is as good as or better than GBP health coverage.

A credit is provided for employees that they may use toward dental and Voluntary AD&D premiums.

Denton, Texas 940/898-3555

ERS Online

Office of Human Resources Denton, Texas 940/898-3555 To Enroll in optional coverage please visit the ERS • • • • • website: Go to www.ers.state.tx.us

Click on ERS Online Click the gray sign in button in order to set up a user name and pass word

Click on “Post-Hire Change”

NOTE: You can’t access online enrollment until the benefits department staff inputs your new hire information.

Enrollment Deadlines

Office of Human Resources Denton, Texas 940/898-3555 •90 days from your hire date to add a dependent(s) to your health insurance.

•30 days from your hire date to enroll in optional coverage.

Office of Human Resources • • • Denton, Texas 940/898-3555 • •

TEACHER RETIREMENT SYSTEM OF TEXAS (TRS

) Defined benefits plan-based upon TRS formula TRS standard annuity (maximum annual benefit) = 2.3% x years of service X average of five highest fiscal year salaries: e.g., 25 yrs x 2.3%

= .575 x $50,000 = $28,750/yr

Vesting period of five years Contributions -Employee: 6.4% of gross salary into your account -Employer/State: 6.0% to TRS fund Additional benefits -Death/Survivor benefits: $10,000 - $80,000 -Disability retirement benefits (based on yrs of service) -Ability to purchase credit toward retirement (e.g., out-of-state service, military service)

Will you have enough money in retirement?

A balanced financial plan is like a three-legged stool. All three legs are needed to provide stable income security in retirement:  Your pension (State retirement)  Social Security  Personal savings and investments (like a 401(k), 457 or IRA) Office of Human Resources Depending on how long you live, your debt level, health, and lifestyle choices, you may need up to 120% of your current income in retirement. Texa$aver 457 and TWU’s 403b can help you build that stash of cash.

Denton, Texas 940/898-3555 It’s a program that takes money from your monthly paycheck and saves it for your retirement nest egg – before income taxes are taken out.

Office of Human Resources Denton, Texas 940/898-3555

Worker’s Compensation

• • •

Notify supervisor immediately 30 days to submit paperwork 100% medical

What if I Have Questions Later?

Office of Human Resources • • Access your insurance plan booklets at www.ers.state.tx.us

Call your insurance carrier’s member services:

Blue Cross Blue Shield Health Select:

800-252-8039 or visit 800-618-2389 or visit www.bcbstx.com/hs

Dental Choice Plan – GEHA:

www.txdentalchoice.com

Dental Maintenance Plan (DMO) - Humana:

800-275-1794 or visit www.aetna.com/members/ers Group Life & Health (Optional Coverage):800-778-2281

TWU Benefits Department (940) 898-3555

e-mail: [email protected]

; Denton, Texas 940/898-3555