1 / 7

Basic Protection Plan (BPP) Replacement

Basic Protection Plan (BPP) Replacement. BPP Replacement Our Direction. To replace the current Basic Protection Plan…. …with the following new Unum 1 plans :. Plan 3: Optional Life Insurance Plan Lay Life, CPP or Clergy Supplemental Life enrollees

daphne
Download Presentation

Basic Protection Plan (BPP) Replacement

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Basic Protection Plan (BPP) Replacement

  2. BPP ReplacementOur Direction To replace the current Basic Protection Plan… …with the following new Unum1 plans: • Plan 3: Optional LifeInsurance Plan • Lay Life, CPP or Clergy Supplemental Life enrollees • Participant elects and pays for coverage (plan sponsor still needs to “sponsor” the plan) Plan 1: Lay LTD and Life Insurance Plan • Lay employees2 (actives for LTD; actives and retirees for Life) • Plan sponsor elects and pays for coverage Plan 2: Clergy Supplemental Life Insurance Plan • Clergy (actives and retirees) enrolled in CPP • Plan sponsor elects and pays for coverage 1 Fully-insured plans administered by Unum; DBP and DBP Plus benefits remain unchanged and will also be administered by Unum 2 Also includes clergy not eligible for CPP (conference-responsible and/or non-conference responsible)

  3. BPP Replacement Lay Plan Sponsor Choices • Lay LTD and Life Insurance Plan • LTD and/or Life coverage • Lay and/or Clergy (not eligible for CPP) • CPP Plan Sponsors – local pastors and/or MOD’s • Non-CPP Plan Sponsors – all Clergy handled same as • Lay • Actives; or Actives and Retirees • Spouses and/or dependent children (of actives) • Optional Life Insurance Plan • Lay Life participants (actives)

  4. BPP Replacement Clergy Plan Sponsor Choices • Clergy Supplemental Life Insurance Plan • Actives; or Actives and Retirees (covered in CPP) • Spouses and/or dependent children (of actives) • Optional Life Insurance Plan • CPP participants (actives)

  5. BPP Replacement Eligibility and Enrollment Criteria For Lay LTD & Life and Clergy Supplemental Life: (Plan Sponsor elects and pays for coverage) • Eligibility Criteria • Active employees* • Minimum hours of service • Initial minimum service • Minimum age • Retired employees • Minimum years in plan prior to retirement • Enrollment Criteria • 100% of eligible population * Includes employees actively-at-work; not those on “leave”

  6. BPP Replacement Eligibility and Enrollment Criteria(cont.) For Optional Life Plan: (Participant elects and pays for coverage) • Eligibility criteria • Active participants only • Lay Life plan participant • Comprehensive Protection Plan participant • And meets “minimum hours of service” • Spouses & dependent children • Enrollment criteria • No plan sponsor enrollment requirement

  7. BPP Replacement Unique Eligibility Situations • BPP “Contributory” Plan Sponsors (based on BPP Adoption Agreement election) • Retiree Life and LTD • No “contributory” options in new plans • Can remain “contributory” for one year under new Unum plan(s) • Active Lay & Clergy Life • Optional Life Insurance Plan; continued “contributory” option • For Lay, still requires some base Lay Life plan coverage • For Clergy, would still need to be covered in CPP and at a 50%+ service appointment • For Lay & Clergy, may still require BPP life coverage through 1st quarter ’09 (since Optional Life enrollment period is 1Q ’09) ; pro-rate plan sponsor BPP invoice for first quarter • Need to work with Conference Liaison; commitment on direction necessary in June/July timeframe • New plan(s) adoption agreement will include “one-year contributory” amendment (if applicable)

More Related