13 New Health Insurance Open Enrollment Changes for Employees

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1 2013 Open Enrollment Benefits Changes October 15 November 9, 2012

2 Medical Plan Changes Re-Opening of BCBS and Kaiser HMO Plans Increased Co-pays for BCBS and Kaiser HMO Plans *HMO Benefit 2012 Co-pay 2013 Co-pay Specialist Visit $15 $25 Hospital In-Patient $200 $250 Out-Patient Services $50 $100 Emergency Room $75 $150 *No changes have been made to the office co-pay. It will continue to be $15.

3 Medical Plan Changes New Preventive Benefits covered at 100% due to Patient Protection and Affordable Care Act

4 Medical Plan Changes All Employees to receive new BCBS ID cards January 2013 Employees can print temporary ID cards from BCBS Website BCBS Open Access POS Pharmacy Benefit Manager now called Express Scripts (formerly Medco) No change to HSA Open Access POS

5 Medical Plan Changes $50 Monthly Tobacco Surcharge continues for tobacco users

6 Medical Premiums BCBS Open Access POS BCBS HSA Open Access POS BCBS HMO Kaiser HMO Employee Only Employee $ $47.00 $ $ Employer $ $ $ $ Total $ $ $ $ Employee + Child Employee $ $83.00 $ $ Employer $ $ $ $ Total $1, $ $ $ Employee + Spouse Employee $ $96.00 $ $ Employer $ $ $ $ Total $1, $ $ $ Family Employee $ $ $ $ Employer $1, $ $ $ Total $1, $ $1, $1,272.76

7 HSA/FSA Health Savings Accounts (HSA) o Benefits the same as 2012 Match: $375 employee only; $750 Family IRS Limits increased: Employee only: $3,250 (or $2,875 net of employer match) Family: $6,450 (or $5,700 net of employer match) Flexible Spending Accounts (FSA) o Health Care Spending Accounts Decrease in annual maximum contribution from $5,000 to $2,500 due to PPACA (HealthCare Reform) o Dependent Care Spending Accounts No Changes, annual maximum contribution continues to be $5,000 *Must re-enroll each plan year

8 Dental Plans KSU Standard Dental Plan o No Plan Design Changes BOR MetLife Dental Plan o No longer a closed plan o Increased annual maximum benefit from $1,200 to $1,500 o Will cover composite fillings on posterior teeth o No Orthodontia waiting period will apply to new enrollments who are currently in Orthodontia treatment Increase in Premiums o KSU Standard Dental Plan o BOR MetLife Dental Plan 0% Increase 0% Increase

9 Vision/STD/LTD Insurance Vision Plan o No Plan Design Changes o 0% Increase Short Term Disability (STD) o No Plan Design Changes o 8% Increase Long Term Disability (LTD) Buy Up o No Plan Design Changes o 0% Increase

10 Life Insurance KSU Standard Life Insurance o No Plan Design Changes o Decrease in Rates (for most age bands) KSU Chubb Accidental Death & Dismemberment Life Insurance o No Plan Design Changes o 0% Increase BOR Cigna Life/AD&D Insurance o Several Plan Design Enhancements o Decrease in Rates

11 Cigna Employee Supplemental Life Insurance Premiums for Supplemental Life will now be calculated as of 1/1 of the plan year Removal of the disability clause; Employees insured after 11/1/80 who become disabled prior to age 60 will no longer have a reduction in benefits. New combined maximum for Employee Basic & Supplemental Life ($1,150,000)

12 Cigna Dependent Life Insurance May now elect Spouse Life coverage in increments of $10,000, up to $250,000 (does not include AD&D) Spouse s coverage is not limited to 50% of employee s coverage amount Rates based on spouse s age as of 1/1 of the plan year New 10,000 Child Life policy for $1.00/month May keep the bundled dependent life option in 2013 ($4.70)

13 Cigna EOI: Open Enrollment Employee may increase 1 level, up to 3x salary with no EOI requirements (includes no coverage to 1x annual earnings) Employee may elect up to $30,000 in spouse life coverage without EOI New electronic EOI process; after the close of OE, employee has 31 days to complete online EOI application

14 Life Insurance Portability Option Employees may Port Life Insurance in 2013 Portability allows employee to keep the group term life coverage with most of the optional benefits at about the same premium (does not include AD&D, Will Preparation or Healthy Rewards) o Only available up to age 70 o Available for Spouse & Child life coverage o EOI is not required for keeping same coverage amount

15 Hyatt Legal/AFLAC Insurance Hyatt Legal Plan o No Plan Design Changes o 0% Increase AFLAC Group Critical Illness/Accident & Cancer Plans o No Plan Design Changes o 0% Increase

16 Donated Sick Leave Program Enrollment on an annual basis during the Benefits Open Enrollment period o Manual form available to enroll in program Eligible Requirements to Participate: o o o Employee who earns or accrues sick leave including PT employees Employed for a minimum of 6 months Must have a minimum of 48 hours of sick time accrued (pro-rated for PT employees) Donation of 8 hours leave every two years Must be experiencing a life-threatening or emergency medical condition (excludes maternity) Participants eligible for up to 12 weeks of donated leave within a two year period.

17 Retirement Contribution Changes Teachers Retirement System (TRS) o Effective July 1, 2012 Employee Contribution: 6% Employer Contribution: 11.41% Optional Retirement Plan (ORP) o Effective January 1, 2013 Employee Contribution: Increase from 5% to 6% Employer Contribution: Remaining at 9.24%

18 Need More Information? Detailed 2013 Benefit Plan information will be posted on the HR website at Campus Wide meetings held during Open Enrollment Drop-in Sessions with individual counseling held in the HR during last week of Open Enrollment

19 Final Reminders Enroll on-line at by Nov. 9 th If enrolling new dependents, you must submit dependent documentation by Nov. 9 th Think about contributing to the 403(b) or 457(b) plans

20 Questions?