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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
South Carolina Retirement System (SCRS)
Optional Retirement Plan (ORP)
Pre-tax contribution amount of 6.5% that is determined and set by the SC Budget and Control Board.
Benefit With Either Plan
You have 30 days from your hire date to select a plan.
If you are required to participate, you will automatically default to SCRS if you do not make a selection within 30 days.
If you have the opportunity to participate and do not select a plan, you will automatically default to Non-Membership.
If you select or are defaulted to Non-Membership, you will only be eligible to select a retirement plan if you are assigned to a position that requires participation.
Per SC Code of Laws, election of membership is permanent until you separate employment.
Please review the “Select Your Retirement” brochure on the MUSC Residents website for detailed information on each plan.
You can also watch an overview of the plans:“Its Your Choice: SCRS Plan or the State ORP”
Initial New Hire Period
*THE INFORMATION CONTAINED IN THIS PRESENTATION IS MEANT TO BE AN OVERVIEW. EMPLOYEES ARE RESPONSBILE FOR READING BENEFIT DETAILS FOUND IN THE INSURANCE BENEFITS GUIDE
Family Covered by State Insurance
Transfer from another State Entity
Enables you to deduct certain expenses before Federal, State, and FICA taxes are calculated-
resulting in higher take home pay and lowering your taxable income!
Pre-tax Insurance Premiums (Eligible Immediately)
Dependent Care Spending Account (Eligible Immediately)
Medical Spending Account (Eligible after 1 year of employment and must wait until October of that year to enroll)
medical, dental, and prescription expenses ($5,000 maximum)
March 15th of the following year are forfeited.
Health Savings Account
APPLY FOR YOUR HSA
1. Consider the monthly premium rates
2. How often do you go to your physician and or hospital (Physical Exams) ?
3. Do you prefer freedom of choice with the provider or having a Primary Care Physician?
4. How often and where do you travel?
Please review the “Comparison of Health Plan Benefits” on the MUSC Residents website
Detailed information on each plan
may also be found in the
Insurance Benefits Guide.
Effective January 1, 2010, the SC Budget and Control Board has approved a
monthly surcharge be added to the health insurance premiums of tobacco users.
The State Health Plan, BlueChoice HMO and CIGNA HMO are self-insured. All
premiums are placed in a fund and used to pay claims. Illnesses caused and
contributed to by tobacco use cost this fund an estimated $75 million each year.
The subscriber is charged based on the level of health insurance.
Employees are required to certify whether they, or anyone covered on their
insurance, are tobacco users. A non-tobacco user is someone who has not
used tobacco within the past six months. Tobacco use is smoking tobacco in
such forms as a cigarette, pipe or cigar, or using smokeless tobacco, such as
snuff or chewing tobacco (nicotine chewing gum is excluded).
If you fail to complete the certification you will automatically be charged the tobacco-user premium based on your level of health insurance coverage. Once the certification is completed, the lower premium will be effective the first of the month after the certification is received.
-If a subscriber certifies that all dependents covered are non-tobacco users and it is determined that you or any of your covered dependents have used tobacco products within the past six months or started using tobacco products after the date of your certification as non-tobacco user(s), and you did not notify EIP, you will be subject to penalties including, but not limited to:
-Payment of the additional surcharge, plus a 10-percent penalty, for each month since your last certification
-Elimination of the out-of-pocket maximum for the current and the subsequent year.
* included in medical premiums
31 day supply (retail)
Mail Order Available- Extended 90 day supply
of prescriptions for a discounted rate
The Ashley Avenue and Rutledge Tower Pharmacy will honor the 90 day rate for the Standard Health Plan.
* included in medical premiums
Vision Care Discount Program
Employees may access network providers at:
Class I - Preventive Services:
Class II - Basic Services:
Class III - Prosthetics:
Class IV – Orthodontia
amount paid for a covered service.
Please review the Classes of Dental Procedures in the
Insurance Benefits Guide.
Dental premiums can be found in the
MUSC Residents Website.
Life insurance premiums can be found on the
MUSC Residents website.
Dependent life insurance premiums can be found
on the MUSC Residents website.
Spouse life insurance premiums are based on the employee’s age.
Qualifying Event Changes
The following changes are allowed anytime during the year with medical evidence of good health:
The following changes are allowed anytime during the year:
OCTOBER 1st– OCTOBER 31st
Changes made during October will be effective January 1st of the following year, including any premium changes
ANNUAL ENROLLMENT-every year
OPEN ENROLLMENT-odd numbered years
Please return all forms in the packet you receive from Human Resources as directed in the instructions. Even if you are undecided on some selections, please sign and return the forms to the Benefits Office. Our counselors will process your paperwork and meet you at your Orientation to obtain information that was incorrect or omitted. If you need assistance selecting your benefits, please do not hesitate to contact your counselor for more information. We look forward to meeting you in person at Orientation!