2019 COCS Benefits Enrollment Guide (Offer Pkt) · • Benefit begins15 days following the...
Transcript of 2019 COCS Benefits Enrollment Guide (Offer Pkt) · • Benefit begins15 days following the...
Benefits Summary
2019
2019 Benefits At A Glance
Group Health Insurance • Includes coverage for medical, dental and prescriptions• Covers preventive and routine care, which can contribute to better health for you and your
family and may help you avoid more costly and extensive treatments later. • In addition to preventive and routine care, the plan covers basic and major restorative
services.• The goal of each medical plan is to provide access to affordable and quality health care when
you need it. These benefits are designed to help you and your family maintain health and protect you from major financial hardship in the event of illness or injury.
• Plan is self‐funded by the City and administered by Cigna (Cigna Network)
Health Plan Options• Option 1: OAP (Open Access Plus)• Option 2: OAP‐HDHP (High Deductible Health Plan) w/Health Savings Account
Health Savings Account (HSA)• Option for High Deductible Health Plan participants only• Accounts are administered by HSA Bank• Max annual account contributions for 2019
• Employee Only Coverage: $3,500• Employee + Spouse/Child/Family Coverage: $7,000• Age 55+ are eligible for a $1,000 catch‐up contribution in addition to the maximums cited
above.• Funds roll over from year to year. Upon separation of employment, you may continue to use
remaining funds in your Health Savings Account.
• If enrolled in Medicare (A, B or D), TRICARE, a Health Reimbursement Account or a Full Purpose FSA (including a spouse’s Full Purpose FSA), you are not eligible for a health savings account.
Vision Insurance• Provides a comprehensive benefit that covers
exams, lenses, frames, and contact lenses.• Coverage is offered through Superior Vision.
The City of College Station contributes to your Health Savings Account (HSA) in January:
• $700 if enrolled in Employee only coverage for Health Insurance.
• $1,200 if enrolled in any other coverage level.
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2019 Benefits At A Glance
Flexible Spending Accounts• Allows you to reduce your taxable income by setting aside pre‐tax dollars through regular payroll
deductions to pay for eligible health or dependent care related expenses.• You must use all funds in your Flexible Spending Account by the end of the calendar year, or you
will lose funds.• Flexible Spending Account will end immediately upon termination of employment, unless COBRA
is elected.• Accounts are administered by Newport Group
Medical Flex Spending Account• Option for OAP Health Plan participants only• Funds can be used for eligible Medical, Dental and Vision expenses • Max annual election for 2019: $2,650• Elected amount is loaded into your account at the beginning of the year.• Annual election amount is divided by the number of pay periods in the year to determine the
per pay deduction amount.
Dependent Care Flex Spending Account• Not tied to a Health Plan election. All
benefitted employees are eligible.• You may use the account to pay eligible
dependent care expenses for a dependent child under age 13, or a disabled dependent who lives with you at least eight hours per day and for whom you pay expenses.
• Max annual election for 2019: $5,000• Annual election amount is divided by the
number of pay periods in the year to determine the per pay deduction amount.
• Elected amount is available as funds accumulate from payroll deductions.
Limited Purpose Flex Spending Account• Option for High Deductible Health Plan
participants only• Funds can only be used for eligible Dental
and Vision expenses.• Max annual election for 2019: $2,650• Elected amount is loaded into your account
at the beginning of the year.• Annual election amount is divided by the
number of pay periods in the year to determine the per pay deduction amount.
“Allows you to reduce your taxable income by setting aside pre‐tax dollars through regular payroll deductions to pay for eligible health or dependent care related expenses”
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2019 Benefits At A Glance
Life and Accidental Death & Dismemberment (ADD) Insurance• Pays a specific dollar amount to the designated beneficiary when a covered member experiences
death.• Additional dollars are paid in the instance of an accident, as defined by the policy.• Loss of a limb or eye sight can also be eligible for a reduced level of benefit.• Life/ADD Policies are administered by The Standard Insurance Company.
Basic Life & ADD• The City funds 100% of the cost of a Basic Life and Accidental Death & Dismemberment (AD&D)
policy for all benefitted employees.• Basic/ADD Coverage: 2X annual salary, rounded up to nearest $1,000
Voluntary Life & ADD• Additional insurance coverage can be purchased for yourself, as well as coverage for your
spouse and/or child(ren). • You must elect personal Voluntary Life coverage in order to elect spouse and/or dependent
child coverage. • Evidence of Insurability (EOI), an additional medical questionnaire, may be required based on
the level of coverage and previous participation status.• New Enrollment – Requires EOI• Current Participant – Can increase coverage by $10,000, up to $150,000 without EOI
Disability Insurance• Replaces your weekly income if you are unable to work due to a covered injury or illness.• Benefit can be supplemented with accrued time (sick, vacation, comp, etc.), not to exceed 100%
of salary.• The short‐term disability and long‐term disability coverage can be elected separately (not
dependent on having both), but these plans have been designed to integrate for seamless coverage periods and claim handling.
• Coverage is offered through The Standard Insurance Company.
Long‐Term Disability (LTD)• Provides a monthly benefit of 60% salary of the first $16,667 or a maximum of $10,000 per
month for a covered illness or injury.• The benefit begins after you have been continuously disabled for 180 days and remain
disabled.
Short‐Term Disability (STD)• Provides up to 60% salary or $1,000 per week for a sickness/injury
on a short term basis. • Benefit begins 15 days following the debilitating event and has a
maximum duration of 180 days.
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2019 Benefits At A Glance
Critical Illness Insurance• Provides a lump‐sum cash benefit if diagnosed with a covered critical illness.• Covered illness examples: Heart Attack, Invasive Cancer, Stroke, etc. • Policy is designed to help offset expenses associated with a critical illness such as deductibles,
copayments, and transportation costs. • Coverage can be purchased for yourself, as well as for your spouse and/or child(ren). • Provides a benefit amount of $100 for a Health Screening test per member, per year.• Coverage is offered through Cigna.
Employee Assistance Program• Funded 100% by the City, this service provides you and your dependents a wide variety of
counseling, referral, and consultation services, which are all designed to assist you and your family in resolving work/life issues in order to live happier, healthier, more balanced lives.
• These services are free and completely confidential.• All employees and their household members/dependents are eligible to access the EAP. This
includes retirees and employees who have recently separated from their employer (within 12 months of separation).
• Benefit is provided through Deer Oaks.
Additional BenefitsThe City provides the following benefits/opportunities throughout the year.
Financial• Retirement: TMRS 2:1 match • 457 Deferred Compensation Plans: Nationwide or ICMA • Credit Union: Brazos Valley Schools Credit Union• Financial Well‐Being: BB&T Bank• Short Term Loan Program: Community Loan Center of the Brazos Valley
General Wellness & Support• Employee Health Clinic • Gym Reimbursement Program: $10/month • City Pool Passes (free access to all City pools)• Educational Reimbursement Program (with required approvals) • Catastrophic Sick Leave Donation Pool
Accident Insurance• Provides lump‐sum cash benefits for accidents that occur off‐
the‐job. • Cash benefits can be used to cover expenses arising from an
unexpected injury, like deductibles, time lost from work/school, transportation expenses and copayments.
• Coverage is offered through Cigna.
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Other Benefits
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Benefit Details Premiums Notes
Paid Vacation
0 ‐ 2 years 10 days 2 ‐ 5 years 12 days 5 ‐ 15 years 15 days 15 years + 20 days
Employer Paid Fire & Police Personnel are on their own vacation schedule.
Paid Holidays
All regular full‐time employees will receive (11) paid holidays per year. Police may receive days off in lieu of a holiday. Fire shift personnel receive five (5) shifts per year.
Employer Paid New Years Day, Martin Luther King Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Friday after, Christmas Eve & Day. Floating Holiday*
Paid Sick Leave
Total of 12 days accrued at a rate of 3.69 hours per pay period for employees working 40 hours per week.
Employer Paid 96 hours (12 days) per year.
Retirement (TMRS)
Each employee deposits 7% of his or her salary (tax deferred) to the Retirement Fund. Employees are vested in the System after five (5) years of service at which time the employee qualifies for the City’s matching fund ratio of 2:1 upon retirement.
Employer Matching
Employees may retire at any age with twenty (20) years of service, or at age sixty (60) with five (5) years of service.
Tuition Assistance
Tuition assistance shall be for tuition, laboratory fees, or other school services fees, within a total yearly maximum of $2,000.00 ($1,000.00 per semester)
Employer Paid Full‐time (non‐sworn) employees who have worked for the City at least one year are eligible. The courses must be taken at an accredited college, university, or technical school and must be job related.
2019 Monthly Rates
Group Health InsuranceMedical / Dental / Prescription
Medical Plan Ratew/ Wellness Discount
OAP
Employee Only $85 $35
EE + Spouse $420 $370
EE + Child(ren) $375 $325
EE + Family $545 $495
HDHP w/HSA
Employee Only $60 $10
EE + Spouse $205 $155
EE + Child(ren) $180 $130
EE + Family $245 $195
Tier Rate
Employee Only $7.65
EE + Spouse $15.14
EE + Child(ren) $14.38
EE + Family $22.57
Vision Insurance
Tier Rate
Employee Only $16.12
EE + Spouse $24.09
EE + Child(ren) $29.62
EE + Family $38.65
Accident Insurance
Employee Only EE + Spouse
Age 10,000 20,000 10,000 20,000
0‐29 $6.63 $9.04 $12.94 $16.77
30‐39 $8.45 $12.63 $15.69 $22.88
40‐49 $13.04 $21.84 $23.18 $37.87
50‐59 $26.04 $47.84 $42.27 $76.07
60‐69 $40.73 $77.24 $64.78 $121.07
70‐79 $75.44 $146.64 $118.69 $228.89
80+ $124.84 $245.44 $193.98 $379.47
EE + Child(ren) EE + Family
Age 10,000 20,000 10,000 20,000
0‐29 $7.00 $9.60 $12.74 $16.84
30‐39 $8.91 $13.39 $16.03 $23.44
40‐49 $13.39 $22.40 $23.53 $38.44
50‐59 $26.50 $48.60 $42.75 $76.83
60‐69 $41.10 $77.81 $65.24 $121.83
70‐79 $75.79 $147.20 $119.15 $229.65
80+ $125.19 $246.00 $194.35 $380.03
Non‐Tobacco Rates
Critical Illness Insurance
Employee Only EE + Spouse
Age 10,000 20,000 10,000 20,000
0‐29 $7.65 $11.05 $13.89 $19.28
30‐39 $11.74 $19.24 $21.08 $33.67
40‐49 $21.95 $39.65 $37.87 $67.28
50‐59 $46.84 $89.44 $75.08 $141.68
60‐69 $70.33 $136.44 $111.28 $214.09
70‐79 $112.84 $221.43 $178.77 $349.07
80+ $162.13 $320.04 $254.09 $499.68
EE + Child(ren) EE + Family
Age 10,000 20,000 10,000 20,000
0‐29 $8.10 $11.81 $14.34 $20.04
30‐39 $12.09 $19.80 $21.45 $34.23
40‐49 $22.30 $40.19 $38.24 $67.84
50‐59 $47.19 $90.00 $75.53 $142.72
60‐69 $70.70 $137.00 $111.65 $214.63
70‐79 $113.30 $222.19 $179.14 $349.64
80+ $162.50 $320.60 $254.43 $500.24
Tobacco Rates
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2019 Monthly Rates
Voluntary Life/ADD
Basic Life/ADD
Coverage Rate
2X Annual Salary 100% City Funded
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Child Rates
If you elect Dependent Life with AD&D insurance for your eligible child(ren), your monthly premiums for this coverage is $0.73* for $10,000 regardless of the number of eligible children covered. *Monthly AD&D premium of $0.013 for $10,000 or AD&D benefit has been included in the above premium.
Spouse Rates
To calculate your premium for your spouse:
1. Enter the amount you are electing for Spouse Life with AD&D on Line 1. Line 1: ________
2. Divide Line 1 by $1,000 and enter on Line 2. Line 2: ________
3. Rate. Line 3: ________
4. Multiply Line 2 by Line 3 and enter on Line 4. Line 4: ________
The amount shown on Line 4 is your estimated monthly payroll deduction.
*Monthly AD&D premium of $0.013 for $10,000 or AD&D benefit has been included in the above premium.
$0.188
Employee Rates
To calculate your monthly payroll deduction, use the formula indicated below:
1. Enter the coverage amount elected. Line 1: ________
2. Line 1 divided by $1,000 = Line 2. Line 2: ________
3. Select your rate from the table. Line 3: ________
4. Line 2 multiplied by Line 3 = cost. Line 4: ________
*Monthly AD&D premium of $0.013 for $10,000 or AD&D benefit has been included in the above premium.
Employee’s Age (as of January 1)
Rate(per $1,000)
<30 $0.093
30‐34 $0.103
35‐39 $0.143
40‐44 $0.223
45‐49 $0.363
50‐54 $0.533
55‐59 $0.783
60‐64 $1.283
65‐69 $2.313
70‐74 $3.263
75+ $7.033
2019 Monthly Rates
Disability Insurance
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Short‐Term Disability
To calculate your monthly payroll deduction, use the formula indicated below:
1. Enter your elected amount on Line 1. Line 1: _________(Must be in $50 increments from $100 to 60 percent of weekly salary)
2. Rate. Line 2: _________
3. Multiply Line 1 by the amount entered on Line 2. Line 3: _________
4. Divide the amount entered on Line 3 by 10 and enter on Line 4. Line 4: _________
The amount shown on Line 4 is your estimated monthly payroll deduction.
Long‐Term Disability
To calculate your monthly payroll deduction, use the formula indicated below:
1. Enter your average monthly earnings. Line 1: ________
2. Select your rate from the table below. Line 2: ________(divided by 100)
3. Multiply Line 1 by Line 2. Line 3: ________
The amount shown on Line 4 is your estimated monthly payroll deduction.
Employee’s Age (as of January 1)
Rate%
<30 0.08
30‐34 0.15
35‐39 0.27
40‐44 0.40
45‐49 0.61
50‐54 0.87
55‐59 0.97
60‐64 0.85
65‐69 0.83
70‐74 1.68
75+ 2.17
$0.295