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Your Benefits

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  1. Your Benefits Merit Staff Presented by: Cindy Webb, Benefits Administrator

  2. Welcome to the University of Northern Iowa! UNI employees are among the University’s most valued resources; we recognize their worth by providing them with the best benefits and customer service possible.

  3. UNI Benefits Department The Benefits Department is located in Human Resource Services – 027 Gilchrist Benefits Staff • Cindy Webb • Benefits Administrator • Bobbi Vandegrift • Employee Benefits & Wellness Coordinator • Therese Callaghan • Employee Disability & Leave Coordinator • Sandy Law • Secretary III Additional Information is available on the Human Resources website

  4. Health Insurance

  5. Who May Be Covered? • Yourself • Your Spouse • Common law spouse or domestic partner • Children • Under age 26 • Over age 26 if unmarried and a full time student • Qualified children over age 26 who are totally and permanently disabled

  6. Health InsuranceWellmark Blue Cross Blue Shield • Eligibility Requirements: • 20 or more hours a week with an appointment for 9 months or longer. • Date Coverage Begins: • First day of the month following 30 days of employment • Submit health/dental enrollment form within 30 days after your date of employment

  7. Health Insurance • Three types of health insurance plans: • Indemnity Plan • Wellmark BCBS Program 3 Plus • Preferred Provider Organization (PPO) • Wellmark BCBS Iowa Select • Managed Care Plans • Wellmark BCBS Blue Access • Wellmark BCBS Blue Advantage There are advantages and trade-offs with each type of plan

  8. Right Health Insurance Plan • The right health insurance plan is not necessarily • Cheapest premium • Most benefits • The right health insurance plan • Covers the health services you want and need • At lowest out-of-pocket expense

  9. Health Plan Comparison

  10. Health Plan Comparison

  11. Detailed Plan Information • Please review the Coverage Manuals for more plan details: http://www.vpaf.uni.edu/hrs/benefits/merit/health.shtml

  12. Health Insurance Premiums December 31, 2012 – November 30, 2013 * Both spouses work in positions that make them eligible for benefits at UNI. Rates are based on 1/12

  13. DENTAL Insurance

  14. Dental Benefits • Preventive Maintenance Care – Delta Dental pays 100%. • Routine Restorative Care and Surgical Care – Delta Dental pays 80%. • Major Restorative Care and Dental Prostheses – Delta Dental pays 50% after a $50 deductible. • Maximum Annual Benefit – $1,500 per person per calendar year for all services combined. • Orthodontic Care – Delta Dental pays 50% up to a maximum lifetime benefit of $1,500 per member.

  15. Dental Insurance Premiums December 31, 2012 – November 30, 2013 Rates are based on 1/12

  16. VISION Insurance

  17. Avesis Vision Plan • Nationwide network of providers • Pre-tax payroll deduction • Two options available to choose from: • Eye Exam & Materials • Employee Only - $11.46/month • Employee + Family - $25.90/month • Materials Only • Employee Only - $8.15/month • Employee + Family - $18.76/month

  18. Avesis Vision Plan

  19. EyeMed Vision Discount 10 Guide • If you are enrolled in Delta Dental of Iowa, you are eligible for a vision discount program through EyeMed Vision Care at no extra cost. • Visit Delta Dental for more details on the discounts offered and a list of participating providers. • You’re automatically enrolled! • This discount program does not work in conjunction with Avesis; you must use one or the other.

  20. Life Insurance

  21. Life Insurance 10 Guide • Eligibility: • 20 or more hours a week with an appointment for 9 months or longer. • Date Coverage Begins: • Automatic enrollment on the date eligibility requirements are met. • Full premium cost is paid by UNI.

  22. Life Insurance • Coverage is 2x times the employee’s annual budgeted salary up to a maximum benefit of $250,000. • Life insurance benefit reduces by 35% at age 65 • Beneficiary: • Complete a Beneficiary Designation Form and update your beneficiary as necessary.

  23. Long Term Disability Coverage (LTD)

  24. LTD Insurance 11 Guide • Eligibility: • 20 or more hours a week with an appointment for 9 months or longer. • Date Coverage Begins: • Automatic coverage after one year of service. • Cost: • Full cost is paid by UNI.

  25. LTD Insurance • Provides salary replacement if an employee is totally disabled. • Benefits begin the later of 90 working days or expiration of all accrued sick leave.

  26. Supplemental LTD Coverage • Allows eligible employees to purchase 70% LTD coverage prior to their normal eligibility for University paid coverage • Employee pays the full premium through payroll deduction

  27. LTD Insurance Retirement Protection Plan • Continues retirement contributions for employees who qualify for disability benefits and are enrolled in TIAA-CREF. • Coverage is automatic and the premium is paid in full by UNI.

  28. Voluntary Life Insurance and AD&D • Voluntary term life insurance and accidental death & dismemberment coverage is available to employees, spouses, and children through Principal Life Insurance Company. • Monthly payroll deduction withheld after-tax.

  29. AD&D • Term accidental death and dismemberment (AD&D) coverage is automatically included for thoseelecting voluntary term life insurance. • Benefits will equal the voluntary life insurance coverage elected • Loss of life, hands, feet, or vision as a result of an accident.

  30. Voluntary Life – Employee • Employee Coverage Amounts: • Minimum amount: $10,000 • Maximum amount: $300,000 • Purchase benefits in $10,000 increments. • Guaranteed coverage under age 70 is $300,000. • Guarantee coverage age 70 and over is $10,000.

  31. Voluntary Life - Spouse • Employee coverage is required for spouse to elect coverage. • Spouse Coverage Amounts: • Minimum amount: $5,000 • Maximum amount: $50,000 • Purchase benefits in $5,000 increments. • Guaranteed coverage under age 70 is $50,000. • Guarantee coverage age 70 and over is $10,000.

  32. Voluntary Life - Children • Child Coverage Amount • For eligible children age 14 days to age 26: • $10,000 of coverage – number of children covered is unlimited • $2.00 per family/month • For eligible children under 14 days of age: • Employees who elect the coverage receive $1,000 of coverage

  33. Voluntary Life and AD&D Rates

  34. Voluntary Life – Portability • If an employee leaves UNI, they can continue their voluntary term life coverage. • Rates will remain the same as the UNI group rates for at least 12 months.

  35. Flexible Spending Account

  36. Pre-Tax Spending Accounts • Allows employees to put pre-tax contributions into a spending account to be reimbursed for dependent care and/or non-covered medical, dental, and vision expenses. • Eligibility: • 20 or more hours a week with an appointment for 9 months or longer.

  37. Dependent Care Spending Account • Used to reimburse dependent care expenses incurred • Maximum contribution is $5,000 per year per family • Minimum contribution is $20 a month • Expenses are reimbursed as funds accrue in the account • All expenses must be incurred by March 15 following the end of the calendar year

  38. Health Care Spending Account • Used to reimburse medical, dental, and vision expenses not covered by insurance plans. • Maximum contribution is $2,500 per year. • Minimum contribution is $20 a month. • Expenses are reimbursed when they are incurred up to the annual contribution level. • All expenses must be incurred by March 15 following the end of the calendar year. • Debit Card is available ($12 annual card fee).

  39. Retirement Options

  40. UNI Retirement Programs • The State of Iowa requires all state employees to participate in an approved retirement program: • Iowa Public Employees Retirement System (IPERS) or • Teachers Insurance and Annuity Association/College Retirement Equities Fund (TIAA-CREF) • If you do not choose a retirement program, you will default to IPERS.

  41. IPERS Iowa Public Employees Retirement System • A defined benefit program administered by the State of Iowa. • UNI contributes: 8.67% of paid salary • Employee contributes: 5.78% of paid salary • Employee is vested after seven years of service

  42. TIAA-CREF Teachers Insurance and Annuity Association/College Retirement Equities Fund • A defined contribution program administered by TIAA-CREF • UNI contributes: 6% of the first $4,800 of earnings in a fiscal year, 10% of all earnings over $4,800. • Employee contributes: 3 1/3% of the first $4,800 of earnings in a fiscal year, and 5% of all earnings over $4,800. • UNI contributions increase to 10% and employee contributions increase to 5% after five years of employment. • You are immediately vested in all contributions.

  43. Supplemental Retirement Annuity (SRA) • Employees may elect to make additional pre-tax or after-tax monthly contributions to a Supplemental Retirement Annuity. • SRA’s are available through approved vendors. • After-Tax Roth Option through TIAA-CREF • Contribution limit for SRA is $17,500. • Over 50 “catch-up” contributions: $5,500

  44. UNI Employee wellness

  45. Employee Wellness • The employee wellness program includes: • Free flu vaccines • Free biometric health screenings • Free smoking cessation services • Employee wellness resource center • Health and wellness challenges • Educational learning opportunities

  46. Blue Zones • National Geographic explorer and author Dan Buettner found 5 areas that have the highest number of centenarians in the world • On average, people living in Blue Zones areas live twelve more good years than U.S. citizens • In these longevity “hotspots,” people are three times more likely to live to be one hundred than the rest of us

  47. Blue Zones Where are the Blue Zones in the world?

  48. Blue Zones – Power 9 • What are the 9 common elements of longevity, know as the Power 9®? Move Naturally Purpose Downshift 80% Rule Plant Slant Wine @ 5 Belong Loved Ones First Connect

  49. What is the Blue Zones Project™?

  50. Blue Zones Project™ • Blue Zones Project™ selected 10 Iowa communities with 10,000 or more citizens to serve as demonstration sites • Demonstration sites will receive direct support from the Healthways and Blue Zones Project Team in their quest to become Blue Zones Communities™ • Demonstration Sites: • Cedar Falls 6. Cedar Rapids • Mason City 7. Marion • Spencer 8. Iowa City • Waterloo 9. Sioux City • Muscatine 10. Oskaloosa