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Independent ~ Proven Experience ~ Market Strength

Unlock Your Benefits Administration and Enrollment Potential With . . . . Independent ~ Proven Experience ~ Market Strength. Presentation for. UNION COUNTY PUBLIC SCHOOLS , TENNESSEE August 6, 2012. LOCATIONS. Taylor & Sons of Tennessee, LC 134 Carriage House Drive, Suite 6

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Independent ~ Proven Experience ~ Market Strength

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  1. Unlock Your Benefits Administration and Enrollment Potential With . . . Independent ~ Proven Experience ~ Market Strength Presentation for UNION COUNTY PUBLIC SCHOOLS, TENNESSEE August 6, 2012
  2. LOCATIONS Taylor & Sons of Tennessee, LC 134 Carriage House Drive, Suite 6 Jackson, Tennessee 38305 Other office locations: Hammond, Louisiana West Monroe, Louisiana Kansas City, Missouri Columbia, Missouri Natchez, Mississippi Independent ~ Proven Experience ~ Market Strength
  3. OUR SERVICES Employee Benefit Portal Electronic Enrollment with one-on-one counseling T & S will provide substitutes Our Benefit Representatives are not paid a commission We are totally independent T & S provides live Customer Service. You are not told to contact the carrier. You can call: 1-888-908-2637 Independent ~ Proven Experience ~ Market Strength
  4. My Benefits Portal Your employee benefits on line. Available to you 24/ 7. 4
  5. You can find your Benefits Portal on the Union County Public Schools website on the main page. This website does not give employee specific information it gives you general information regarding the benefits offered by Union County Public Schools.
  6. TCRS and Union County Public Schools Analysis of coverage 10
  7. Disability retirement: TCRS Provided disability benefits are a component of your state retirement pension plan. Benefits vary if incurred off the job or on the job. Benefits can vary by length of service. Approval for benefits is not automatic. The application process normally takes 2-3 months. Disability defined: Benefits are designed to provide a secure income to you if you become sick or injured, can no longer perform the essential duties of your job, and have a condition that is permanent in nature. 11
  8. Disability benefits Analysis of coverage 12
  9. Highlights of disability plan 1. Flexibility to customize your disability plan 2. You can choose from 5 Elimination Period options 3. You can elect increments of $100 up to 67% of covered income up to $7,500 per month 4. First 12 months of disability does not offset with any sources of income 5. 1st Day Hospital Benefit: If Elimination Period is 30 days or less, the Elimination Period is waived for in patient admittance (i.e.. Pregnancy)
  10. Highlights of disability plan (continued..) 6. Minimum benefit is 25% 7. Limited Pre-Existing Benefit: 3 month benefit is payable if disability is determined to be a pre-existing condition 8. Extended Disability: Additional benefit amount paid for 5 years beyond maximum durations if 2 of 5 ADL’s cannot be met
  11. Example of rates – $36k salary, $1,800 benefit Keep in mind these plans automatically combine short and long-term coverage. 17 These rates are based on 10 payroll deductions
  12. Group Life benefits Certified employees 18
  13. Base Life and AD&D Your Base Life and AD&D benefit is provided by Reliance Standard. Your benefit amount will be $12,000 life and accidental death and dismemberment. 19
  14. Voluntary Life benefits Analysis of coverage 20
  15. Key provisions 21
  16. Permanent Life benefits Analysis of coverage

  17. Will Rogers said:

    “A man who dies without adequate life insurance should have to come back and see the mess he created.” 24
  18. Why do employees prefer permanent life insurance made available at work? Individually owned policy that follows an employee into their retirement years with premiums that will not increase with age. What is the annual % of death claims paid by life insurance? Permanent life: 97% Term life: 3% 25
  19. Permanent Life Insurance & Long-Term Care This is the most ECONOMICAL and EASIEST way to buy LTC COVERAGE! Life Insurance w/Guaranteed Rates to age 100 Guaranteed rates to age 100, portable and individually-owned! Other Group Life coverage decreases with age and premiums increase. Long-Term Care Protection Pays 4% of Face Amount paid monthly for up to 50 months Accelerated Death Benefit for Terminal Illness Automatically included, 75% of Face Amount advanced if diagnosed with a terminal illness Independent ~ Proven Experience ~ Market Strength 26
  20. Permanent Life Insurance & Long-Term Care Future Purchase Option Protects future insurability, opportunity to increase coverage on an annual basis, even as health changes! Limited Underwriting Employee Coverage Lesser of $8 per week or $200,000 for employees, NO HEALTH QUESTIONS Spouse Coverage Up to $200,000 for spouses, 3 HEALTH QUESTIONS Child(ren) Coverage Child’s Term Rider Benefit – covers all dependent children in family (18 and under on issue date, can remain on until age 23). NO HEALTH QUESTIONS 27
  21. Dental Plan benefits 28
  22. Humana Dental Renewing dental benefits with Humana
  23. Annual and lifetime limits 30
  24. Diagnostic & Preventive services 31
  25. Basic services 32
  26. Major services 33
  27. Orthodontic services 34
  28. Premium comparison – 12 months 35
  29. Dental Return On Investment Dental Benefits vs. Premiums Elite Choice 405 Plan Average single adult retail expenses are $326 for preventive services Average retail expenses for a family of four for preventive services is $1304. Average single premium paid for year of $283. Average family premium for year of $1040. Comparisons calculated using 12thly premiums
  30. Vision Plan benefits 37
  31. SUPERIOR VISION
  32. Benefits
  33. Network providers Go to your employee benefits portal, click on My Vision, then click on Superior Vision Directory
  34. Cancer Plan benefits 41
  35. Highlights of Cancer Plan The Risk of Cancer Is Real 1 in 2 men will develop cancer. 1 in 3 women will develop cancer. 1 in 8 women develops breast cancer. 1 in 6 men develops prostate cancer. 42
  36. Highlights of Cancer Plan The Costs of Cancer are High 30%+ of surveyed families affected by cancer reported a loss of most or all of the family savings in addition to a major loss or reduction in household income. Medical bankruptcies affect about 2 million Americans annually (2005 Harvard study). 75%+ of those bankrupted by illness had health insurance. 43
  37. Highlights of Cancer Plan Why Won’t My Medical Insurance Cover Cancer Costs? After your deductible and co-insurance, your medical insurance may cover most of the direct charges, such as hospital and physician bills. However, non-medical expenses of cancer treatment can add up to more than the actual treatment itself. Non-medical expenses may include: Experimental Treatment Loss of Wages Transportation (non-local or specialized treatment centers) Meals Childcare Hotels Special Diets 44
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  43. Critical Illness Plan benefits 50
  44. 51
  45. Highlights of Critical Illness Plan Allstate Benefits (AB) group voluntary critical illness coverage provides a lump-sum cash benefit to help you cover the out-of-pocket expenses associated with a critical illness. Meeting your needs: Critical Illness coverage can help meet the needs of you and your family by offering financial protection when it is needed most: Benefits and coverage amounts have been selected by your employer to make it easy to choose a plan that meets your needs** Covered dependents receive 50% of your basic benefit amount Benefits paid directly to you Coverage supplements any existing medical benefits Premiums are affordable Portable 52 **Amounts over the guaranteed issue amount or enrolling after your initial enrollment period requires evidence of insurability.
  46. Highlights of Critical Illness plan benefits Your benefit coverageA percentage of the basic-benefit amount is payable in the Initial Critical Illness benefits, Cancer Critical Illness benefits, Supplemental Critical Illness benefits and Additional benefits. Initial Critical Illness Benefits Heart Attack – 100% Stroke – 100% Coronary Artery By-Pass Surgery - 25% Major Organ Transplant – 100% End Stage Renal Failure – 100% Waiver of Premium (Employee Only) Critical Illness Additional Benefit Second Event Initial Critical Illness Benefit Supplement Critical Illness Benefits II Advanced Alzheimer’s Disease – 25% Advanced Parkinson’s Disease – 25% Benign Brain Tumor – 100% Coma – 100% Complete Blindness – 100% Complete Loss of Hearing – 100% Paralysis – 100% Wellness Benefit – pays $100 annually when you receive one of the following: Biopsy for skin cancer; Blood test for triglycerides; Bone Marrow Testing; CA15-3, CA125 and CEA; Chest X-ray; Colonoscopy; Doppler screening for carotids and peripheral vascular disease; Echocardiogram; EKG; Flexible sigmoidoscopy; Hemocult stool analysis; HPV Vaccination; Lipid panel; Mammography, including breast ultrasound; Pap Smear; PSA; Serum Protein Electrophoresis; Stress test on bike or treadmill; Thermography; Ultrasound (screening for abdominal aortic aneurysms) See policy for additional details
  47. Example of how the benefits might be paid* *This is an example. Your individual experience may vary.
  48. Critical Illness Plan premiums
  49. Open Enrollment ScheduleAugust 27 – 31, 2012
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