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MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT October 22 – November 6, 2009
New benefit elections are effective from January 1st through December 31, 2010 Add or Change your benefits: Health Dental Term Life Flexible benefits (yearly renewal) Disability Group Legal Long Term Care Sick Leave Pool Metro Rail Tax Shelter Annuity What is open enrollment?
ENROLLMENT ENROLLMENT • Changes outside the plan year are not allowed unless you experience a qualifying change in family status such as: • Marriage, divorce, legal separation, or termination of domestic partnership* • Birth or Adoption of a child* • Death of a spouse, domestic partner or child* • Your spouse gaining or losing access to health coverage* • Change in dependent eligibility* • Significant changes in your spouse’s health coverage due to his/her employment* *(Enrollment forms with required proof must be submitted to HR within 31 days of qualifying event date)
Health Care Coverage Aetna Healthcare • Health Maintenance Organization (HMO) • Point of Service (POS) There are several benefit changes that will take effect January 1, 2010. Those changes are documented in the next few slides
Open access No referrals needed Extensive Network Vision: In network only Prescriptions: $10/$35/$60 AETNA HMO & POS For additional information, please visit http://www.mdc.edu/hr/Benefits/Aetna/default.asp
AETNA HMO & POS COMPARISON / DIFFERENCES HMO • In network coverage only • $25 PCP/ $45 Specialist • POS • In & out of network coverage • $30 PCP/ $50 Specialist • Deductible for out of network • $1,000 single • $2,000 family
Dental Coverage Humana Dental Health Maintenance Organization (DHMO) Dental Preferred Provider Organization (DPPO) Current dental coverage with Cigna will not be implemented for Humana. You must elect a plan during open enrollment.
Humana Dental Coverage –DHMO • No deductibles • Co-payments apply • Coverage of most preventive services • Dentist assigned • Referrals required
Humana Dental Coverage – DPPO • No referrals needed • In and out of network coverage • Deductibles: • $ 50 single • $150 family • $1,500 benefit maximum per calendar year/ per person
Dental Care Rates - Humana * Paid on a pre-tax basis.
Term Life InsuranceLINCOLN FINANCIAL • College portion : • Face value : 1x base salary • AD &D : 2 x base salary • Employee must name beneficiary • Employee Optional: • Face Value: additional 1x base salary • AD & D: additional 2 x base salary • Premiums are based on age rate schedule • Age reduction applies starting at age 60 • Underwriting required, coverage effective upon approval
Dependent Life InsuranceLINCOLN FINANCIAL • Face Value: • Spouse • $15,000 • up to age 65 • Dependent: • $7,500, 6 months to age 25 or married • $500, 14 days-6 months • Rate: $3.50 per month /$1.75 per check • Voluntary program
Disability Insurance - ASSURANT • Income protection program • Employee elects monthly benefit amount • No underwriting required • 6 plans offered • Elimination period: 14, 30 or 60 days • Benefit duration: up to 5 years or retirement age • Election maximum, 66 2/3 of salary • Voluntary program
Health & Dependent Care Reimbursement Accounts (AMERIFLEX) • Employee elects pre-tax amount for health care (not covered by insurance) and dependent care expenses Healthcare amount can be used up front • Amount divided in 24 deductions • Expenses incurred 1/1/09 – 3/15/10 • Maximum contribution: $5,000/year • Renewal every year • Use it or lose it benefit
Health & Dependent Care Reimbursement Accounts (AMERIFLEX)– cont’d Examples of reimbursable items: HEALTH SERVICES: • Ambulance • Chiropractic • Emergency Room • Eye exam/eye glasses • Hospital admission • Injections and Insulin treatments • Pre-natal and post-natal treatments • Physician / Specialist co-pays • Psychotherapy • Sterilization • Urgent Care • Vasectomy • X-ray treatments • Drugs including Over the Counter • (OTC) medications • Contact lenses • Blood tests • Cardiographs • Metabolism tests • Vaccines • X-ray examinations • DENTAL SERVICES • Cleaning of teeth, • Dental x-rays, • Filling of teeth • Extraction of teeth, gum treatments • Oral surgery
Group Legal Insurance - ARAG • Access to attorneys and/or preventive legal care • Monthly Rates: • $16.30 single • $21.03 family • Premiums paid one month in advance • Voluntary coverage
Long Term Care Insurance -CNA • Covers benefit for: • Home care • Assisted living • And nursing home care • May cover: • Employee • Dependents • Parents and parents-in-law • Grandparents • Premiums determined based on benefit selected
Metro/Tri-Rail Pass • Discounted rate through payroll deductions • Paid one month in advance • Paid with pre-tax dollars (changes can only be made during open enrollment) • Tri-rail available at a 25% discount rate
Tax Shelter Annuity (TSA) / 403(b) • Defer taxes of income up to $16,500 in 2010 • Additional $5,500 for employees over 50 • Changes are permitted every quarter • Semi-monthly deductions • Consult with financial advisor for special 15 year service catch up provision eligibility • Voluntary benefit • Employee must submit form to take advantage of new limits
SICK LEAVE POOL Benefit: 30 sick days available • Must exhaust all paid leave time • Must provide proof of illness Eligibility: • 1 year of full time continuous employment • Available balance : 10 sick days (by 10/31/09) • Donation upon entry : 5 sick days • Participating members : 1 sick day donation
ADDITIONAL INFORMATION For Questions: • www.mdc.edu • “Get Help” • “AskHR” Benefits Website: http://www.mdc.edu/hr/Benefits/default.asp Benefits contact: EMAIL: firstname.lastname@example.org Phone: (305) 237-2010 START YOUR OPEN ENROLLMENT ELECTION HERE! Click on this link: http://benefitsenrollment.mdc.edu