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Benefits Presentation Benefits Coordinator: Terri Cothren Benefits Assistant: Meghan Geyer [email protected] 12 northstar. org (907) 452 -2000 x 11382
Presentation Overview - Overview of Health Care Changes for 2017 - Open Enrollment - Retirement - Family and Medical Leave Act / Alaska Family Leave Act - Employee Assistance Program
Health Care Changes Why are we changing our plan? - Available Plans and Optional Choices - New Eligibility Period - Miscellaneous Changes to Plans -
Why are we changing? - Limit health care cost increases for both the School District and for employees - - Recognize budget impact of health care costs Cadillac tax -40% excise tax Employee payroll deductions Provide meaningful choices - Encourage employees to be wise consumers Choice of lower payroll deduction or lower deductibles and out-of-pocket-limits - Limit risk to employees and families - More efficient and cost effective plan
Available Health Insurance Plans for 2017 You will have 5 choices to select from Plan C Plan B DVA Opt Out Plan A *Plan A Plan B Plan C DVA Medical & Rx Dental, Vision & Audio Deductible $750/$2000 Deductible $2000/$4000 Deductible $3000/$6000 Preventive care: 100%; no deductible Includes PA Clinic and Rx plan Rx subject to medical deductible PA Clinic not included Includes PA Clinic and Rx plan Deductible for dental: $50 person Preventive care: 100%; no deductible No changes to theses benefits from this year Employee only: $6. 31 per pay period Employee + Spouse/Child: $12. 63 pay period Employee + Family: 15. 79 pay period * Employees hired after January 1, 2017 will not be eligible for Plan A
Optional Elections for 2017 FSA – Flexible Spending Arrangement – Pre-taxed, lowers your taxable income. Must enroll annually at open enrollment. Use it or lose it at the end of the year. -- Medical FSA - can use funds immediately and pay over the year with payroll deductions -- Dependent FSA – use for daycare expenses HSA – Health Savings Account – Pre-taxed, lowers your taxable income. Must enroll annually at open enrollment. Is your money and you may keep it even after employment ends. HRA – Health Reimbursement Arrangement – Employer contribution only. Carries over while enrolled in Plan C. (available if included in your negotiated agreement) Available with Plan A Available with Plan B Available with Plan C FSA or HSA FSA and/or * HRA *not all negotiated agreements have elected the HRA
Health Plan Eligibility - Coverage will be effective the first day of the month following 30 days of hire. - This is to help with the administrative lead time needed to properly set up accounts with all health care vendors and get the health cards to the employees. This should help ensure insurance ID cards are received and accounts are active when an employee needs services.
Miscellaneous Changes - Emergency Room Penalty raised to $500 - Deductible carryover and Coordination of Benefits credits eliminated - Plan A will not be available for those newly hired on or after January 1, 2017. Current employees will hold grandfather rights while maintaining active employment. - Chiropractic visits limited to 24 per year - Acupuncture visits limited to 12 per year - Non-PPO facilities (in and out of Alaska) and non-PPO providers outside of Alaska will only be reimbursed at 60% - Inpatient and outpatient facility charges will be subject to the deductible and reimbursement percentage - Extended care and skilled nursing will be paid as any other service up to 90 days in a calendar year
Changes will be effective January 1, 2017 Open Enrollment November 1 – 30, 2016 Be aware! Late submissions will not be taken! Must submit forms by 5 pm on November 30, 2016. - Will be on-line through WPAS as it was last year - Open Enrollment presentations will be done during October & November at site locations.
Resources Available The School District Benefit Page is located at http: //www. k 12 northstar. org/Page/1980 2017 & 2018 plan changes and open enrollment information is located at http: //www. k 12 northstar. org/Page/3892
Retirement TRS – Teachers Retirement System through the State of Alaska -applies to eligible certified staff including principals, teachers, certified Exempt, and ROTC instructors PERS – Public Employee Retirement System through the State of Alaska - applies to all other eligible classified and exempt employees
Retirement Contributions Mandatory employee contribution For current Tiers (TRS III and PERS IV) – pre-tax contribution of 8% of pay If previously enrolled in the retirement system this position is eligible for, you will remain in that original tier. TRS I & II – pre-tax contribution of 8. 65% of pay PERS I, II & III – pre-tax contribution of 9. 6% of pay
Optional Retirement Contribution Tax-Sheltered Annuity 403(b) retirement fund - All employees are eligible to participate Employee contribution only Maximum contribution for 2016 is $18, 000 ($24, 000 if age 50 or older) Administered through OMNI Group Must have your account setup with the vendor prior to submitting the salary reduction form to payroll.
Defined Benefits vs Defined Contributions Defined benefits means you will receive a determined amount of retirement based on a calculation that takes into consideration your highest three years (or 5 years for PERS Tier II) of salary and the years of service you have. You will receive this benefit for the rest of your life, even if the employer and employee contributions are exhausted. Defined contribution means you will receive your retirement pay based on the contributions made by you and the employer and any investment earnings from those contributions. Defined Benefits: TRS tiers I and II & PERS tiers I, II, and III Defined Contribution: TRS tier III & PERS tier IV
Retirement Process Upon retirement eligibility, you must apply to retire through the State of Alaska. It is not automatic. There are tools and seminars available on-line to help you with the process. You can expect to see a webinar offered in the fall and spring of each year. Next briefings: September 2016; set for Wednesday evenings at 5 pm It is not too early to understand your retirement benefits. You are highly encouraged to attend a webinar this year, a year or two before retirement, and again just prior to retirement.
Family and Medical Leave Act (FMLA) and Alaska Family Leave Act (AFLA) An unpaid leave entitlement that protects your job and health benefits while you, or a family member, is away for a serious medical condition, military exigency, or for the birth, adoption or foster placement of a child. FMLA – a federal entitlement that allows 12 weeks of leave in a 12 -month period. AFLA – a state entitlement that allows 18 weeks of leave in a 12 -month period for the birth, adoption or foster placement of a child and 18 weeks of leave in a 24 -month period for a serious health condition. For more information on Employee Rights: https: //www. dol. gov/whd/regs/compliance/posters/fmlaen. pdf
Family and Medical Leave Act (FMLA) and Alaska Family Leave Act (AFLA) Time Keepers - Ask about sick leave absences greater than three days, employees may be eligible for FMLA/AFLA. - Human Resources will make the determination if the employee is eligible for these rights but we need to know about them in order to do that. - Whenever possible and while on contract, employees are required to provide 30 days notice for any scheduled procedures.
Employee Assistance Program Offered by Magellan Health Confidential in-person or telephone counseling/crisis services for assessment, consultation or referral for treatment of personal challenges. Topics can include, but are not limited too: • Resiliency — overcoming stress at home and at work • Emotional wellness — addiction, depression, anxiety, and other mental disorders • Workplace success — career goals, team conflict, crisis, management support • Wellness and balance — work-life balance, stress, relaxation, personal well-being • Personal and family goals — relationship, children and teen or aging loved ones or changes in finances or personal situations. Available 24 hours a day, 7 days a week www. Magellan. Health. com/member or call 1 -800 -478 -2812