CLASSIFIED Fringe Benefit Orientation. Wisconsin Retirement System (WRS) Tax-Sheltered Annuity...

2015 contribution: 6.80% of employee’s gross wages (employee contribution & State matching)

Two funds available within the WRS:

◦ Core Fund: 60% stocks, 40% fixed income and other assets

◦ Variable Fund: 100% stocks

◦ All contributions are invested in Core Fund unless you file a Variable Fund election to send 50% of contributions to Variable Fund

Earliest age to retire is 55 years old, 50 years old for Protective Employees. Normal retirement age is 65 years old

Five year vesting requirement if hired on or after July 1, 2011 and have no WRS creditable service prior to July 1, 2011. Immediately vested if you have WRS service prior to July 1, 2011

Annual statements are received in April each year


Wisconsin Retirement System (WRS)

Option to elect participation in the variable fund as part of your Wisconsin Retirement System account

Employee has 30 days from start date to complete the election form for the current year

Form must be submitted directly to Department of Employee Trust Funds (ETF)

If employee does not elect to participate in variable for the year in which he or she was hired, election form for the next year is due by December 30

Additional information about Variable Fund: www.etf.wi.gov/publications/et4930.pdf


WRS Variable Participation

http://www.etf.wi.gov/publications/et4930.pdf

UW-L Human ResourcesUW-L Human Resources

Supplemental retirement account◦ Voluntary employee contributions◦ No employer matching

5 TSA Companies to choose from:◦ Fidelity◦ T. Rowe Price◦ TIAA-CREF◦ Ameriprise/RiverSource Life Insurance◦ Lincoln National Life Insurance

2015 Contribution amounts◦ Maximum: $18,000 per year◦ Minimum: $8.00 per pay period◦ Age 50 and older: $24,000

Enroll by completing vendor application and salary reduction agreement form$12.00 annual administrative fee to participate (fee waived for 2015)

Tax-Sheltered Annuity Program (TSA)


To enroll or for additional information, please contact:◦ Telephone Number: (877) 457-9327◦ Website: http://www.wdc457.org

Funds are chosen and monitored by the State Deferred Compensation Board.

2015 Contribution amounts◦ Maximum: $18,000 per year◦ Minimum: None◦ Age 50 and older: $24,000

Annual fees based on total account balance ($0-$66/year)

Wisconsin Deferred Compensation Program


http://www.wdc457.org/

Required Annual Open Enrollment◦ Application due within 30 days of employment.

Dependent Care◦ $5,000 maximum

Single, Head of Household and Married, Filing Jointly

◦ $2,500 maximum Married, Filing Separately

Medical Expenses $100 minimum $2,550 maximum

Flexible Spending Account (FSA)


Required Enrollment with high deductible health plans (HDHP)◦ Can begin employee contributions at any time throughout the year

Employer Contributions (Required)◦ $170.00 single coverage◦ $340.00 family coverage

Annual Employee Contribution Limits (Optional)◦ Individuals age 55-65 can contribute an additional $1,000.00/year◦ $3,350.00 single coverage◦ $6,650.00 family coverage

Limited Purpose Flexible Spending Account (LPFSA) offered for dental/vision expenses

Health Savings Account (HSA)


Administered by the Office of the State Treasury with TIAA-CREF providing records management for all accounts

Call toll free: (888) 338-3789 for an information and enrollment kit

Enrollment Web site: www.Edvest.com/savenow or call toll free at 1-800-368-2424.

Ed-Vest College Tuition Program


http://www.edvest.com/savenow

Income Continuation Insurance (ICI)

State Group Health Insurance

Life Insurances

◦ State Group Life

◦ Individual & Family Life Ins.

◦ UW Employees Inc.

Accidental Death & Dismemberment (AD & D)

EPIC Benefits Plus

Dental Wisconsin

VSP Vision Insurance

Long-term Care Insurance

Insurance Programs


An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment.

Coverage effective after completing 6 months in WRS.

Protects your income during periods of illness or disability by paying up to 75% of your monthly gross income up to age 65.

Your salary determines the monthly premium.

Income Continuation Insurance (ICI)


An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment.Two month waiting period for coverage with the state contribution if no prior state service. Can enroll immediately and pay full cost for the first two months.See “It’s Your Choice” booklet for additional information.All health insurance information, can be found in the It’s Your Choice: Decision Guide and the It’s Your Choice: Reference Book at: www.etf.wi.gov/members/health_ins.htmTo find out which health plans have providers in your area, refer to the Choose Your Health Plan section beginning on page 20 of the Decision Guide.



http://www.etf.wi.gov/members/health_ins.htm

HMO Plans and HDHP Plans (La Crosse area)◦ Health Tradition

◦ Health Partners

◦ Gundersen

PPO (Preferred Provider Plan)◦ Standard Plan (WPS)



HMO medical care must be received in selected, in-network Medical Center except for emergency care or when referred10% Coinsurance up to out-of-pocket maximum

◦ Preventative care covered at 100%

◦ Out-of-pocket max is $500/person, $1,000/family

Employee Premiums◦ Single: $92.00/month

◦ Family: $230.00/month

HMO plans have limited uniform dental coverage◦ Preventive & Diagnostic

100% coverage, no deductible

◦ Primary (basic) Service

80% coverage, no deductible

◦ Maximum Dental Benefit: up to $1,000 per person per year

◦ See dental comparison chart for more information about uniform dental coverage

State Group Health InsuranceHMO Plans


HDHP medical care must be received in selected, in-network Medical Center except for emergency care or when referred10% Coinsurance on medical services after deductible is met◦ Preventative care is covered at 100% (no deductible)

◦ Deductible is $1500/person, $3,000/family

◦ After deductible, 10% coinsurance on next $1,000/single and $2,000/family

Employee Premiums ◦ Single: $32.00/month

◦ Family: $81.00/month

HDHP plans have limited uniform dental coverage after deductible is met◦ Preventive & Diagnostic (in-network)

100% coverage

◦ Primary/Basic Service (in-network) 80% coverage

◦ Maximum Dental Benefit: up to $1,000 per person per year

◦ See dental comparison chart for more information about uniform dental coverage


State Group Health InsuranceHigh Deductible Health Plans

(HDHP)

◦ All plans are required to provide the same level of coverage (uniform benefits)

◦ Health Tradition Health Plan Provider: Mayo Health System – Franciscan Health Care

https://www.healthtradition.com/

Health club membership and CSA reimbursement available

Health Tradition dental network: https://www.healthtradition.com/wp-content/uploads/2013/11/State_of_Wi_Dental_Providers.pdf

◦ Health Partners Health Plan La Crosse Area Provider: Gundersen Health System

https://www.healthpartners.com/

Health club membership reimbursement available

Health Partners dental network: https://www.healthpartners.com/ucm/groups/public/@hp/@public/documents/documents/

cntrb_044569.pdf

◦ Gundersen Health Plan Provider: Gundersen Health System

https://www.gundersenhealthplan.org /

Delta Dental PPO or Premier dental network: http://www.deltadental.com/DentistSearch/DentistSearchController.ccl?

DView=DentistDentistSearch


State Group Health InsuranceHMO and HDHP Plan Options





https://www.gundersenhealthplan.org/

https://www.gundersenhealthplan.org/

WPS is administrator of Standard PlanNo dental coverage availableFreedom to choose physician and location of service

◦ In-network provider Plan pays 90% for benefits. 10% co-insurance. Deductible $400 per person per calendar year or $800 per family per calendar year.

◦ Out-of-network provider Plan pays only 70% for most benefits. 30% co-insurance until maximum deductible amount is met. Deductible $500 per person per calendar year or $1,000 per family per calendar year. Maximum deductible of $2,000 per person or $4,000 per family per calendar year.

◦ Maximum deductible of $200 per person or $1,000 per family per calendar year.

Advantage Program requires prior notice of non-emergency admissions, or within 48 hours after an emergency admissionEmployee Premiums

◦ Single: $267.00/month◦ Family: $666.00/month

State Group Health InsuranceStandard Plan (PPO)


Administered by Navitus Health Solutions. You will receive an ID card from Navitus that you will need to present when you pick up a prescription.3 Tiers for Co-Payments◦ Tier 1: $5.00◦ Tier 2: $15.00◦ Tier 3: $35.00◦ Tier 4: $50.00 (Out of pocket same as Standard Plan $1,000/single & $2,000/family)

▪ Tier 3 prescription drugs do not count toward the annual out-of-pocket maximum below.

Annual prescription drug out-of pocket maximums:◦ Individual: $410◦ Family: $820

Standard Plan: ◦ Individual: $1,000◦ Family: $2,000

Mail Order is available through WellDyneRx. Up to a 90-day supply of Tier 1 and Tier 2 drugs may be purchased for two copayments.For additional information, please contact (866) 333-2757 or visit the website: http://www.navitus.com


State Group Health InsurancePrescription Drug Coverage

http://www.navitus.com/

State Group Life Insurance

◦ Administered by Department of Employee Trust Funds (ETF)

University of WI Employees, Inc. Group Life

◦ Administered by Minnesota Life

Individual & Family Group Life

◦ Administered by Minnesota Life

Life Insurance Programs


An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment.

Coverage becomes effective the first of the month after the application is received, when 6 months in WRS are completed.

Term life insurance program

Each unit of coverage is based upon your annual earnings rounded up to the nearest $1,000.

Premiums are based upon your age, annual salary, and coverage selection.

Premiums are paid one month in advance.

Beneficiary Designation form: www.etf.wi.gov/publications/et2320.pdf



http://www.etf.wi.gov/publications/et2320.pdf

You may elect coverage at the following amounts Basic (1x earnings) Basic + Supplemental (2x earnings) Basic + Supplemental + 1 Additional Unit (3x earnings) Basic + Supplemental + 2 Additional Units (4x earnings) Basic + Supplemental + 3 Additional Units (5x earnings)

Spouse/Dependent Coverage:◦ $2.50/month provides:

$10,000 spouse coverage $ 5,000 for each child

◦ $5.00/month provides: $20,000 spouse coverage $10,000 for each child



Must apply within 30 days of employment and be eligible to participate in the State Group Health Insurance Program.

Coverage begins on the first of the month after Human Resources receives application.

Late enrollment requires medical evidence of insurability.

Benefits include:◦ Decreasing term insurance.

◦ Coverage amount based on age.

◦ Ranges from $33,000 (under age 35) to $7,000 (age 65 and over).

Beneficiary Designation: www.bussvc.wisc.edu/ecbs/uwee-ga-562.pdf

UW Employees Life Insurance


http://www.bussvc.wisc.edu/ecbs/uwee-ga-562.pdf

Must apply within 30 days of employment.

Coverage begins the first of the month after Human Resources receives application.

You may elect initial coverage at the following amounts:◦ Employee: $5,000 / $10,000 / $15,000 / $20,000

◦ Spouse/Domestic Partner: $5,000 / $10,000

◦ Children: $2,500 / $5,000

Can increase coverage level on an annual basis during Annual Increase Option Period every October.

Maximum coverage amount:◦ Employee: $300,000

◦ Spouse/domestic partner: $150,000

◦ Children: $25,000

Late enrollment requires medical evidence of insurability.

Beneficiary Designation: http://www.wisconsin.edu/hr/benefits/ins/uws1305.pdf

Individual & Family Group Life


http://www.wisconsin.edu/hr/benefits/ins/uws1305.pdf

Open enrollment anytime

Insurance is effective on the first of the month following receipt of the application

Benefit payable for accidental death or dismemberment only

Includes an education and training benefit for any covered surviving dependents

Coverage options range from $25,000 to $500,000 for single and family coverage

Premiums are based upon plan and coverage option selected

Coverage also includes Zurich Travel Assist package

Application/Beneficiary Designation: ◦ www.uwsa.edu/hr/benefits/ins/uws1245.pdf

Accidental Death & Dismemberment

Insurance


http://www.uwsa.edu/hr/benefits/ins/uws1245.pdf

Must apply within 30 days of employment

Supplemental Dental Coverage:◦ Crowns, implants, bridges, and other major services are

covered at 50% with an annual benefit maximum of $1,500/person after a $75 deductible

Orthodontia Coverage:◦ Pays 50% up to $1,200 orthodontia lifetime maximum

for dependent children under age 19, after a 12-month waiting period

Vision Benefit:◦ Davis Vision Discount Program is optional for an added

premium

Hospital/Surgery Benefit:◦ Pays $200 for each outpatient surgery (at approved

facility) or $200/day of hospital confinement beginning with third day

Accidental death & dismemberment coverage

This does not replace Health Insurance

Coverage Options

Without Vision

With Vision

Employee $19.77 $24.02

Employee and Child $39.54 $47.04

Employee & Spouse/

Domestic Partner

$39.54 $47.04

Family$59.31 $70.34

Epic Benefits+2015 Monthly Premiums


Must apply within 30 days of employment.

A dental provider must be selected from those associated with the plan

A plan orthodontist must be used

Two plans to choose from: Preferred Provider Plan (PPO) Select Plan

Dental Wisconsin


If your medical plan does not include dental benefits OR you want flexibility to use any dentist of your choice

Obtain a greater benefit for services by using in-network provider

Annual deductible: ◦ $25 in-network dentist

◦ $50 out-of-network dentist

Waiting period:◦ Diagnostic and Preventative services:

◦ No waiting Period

◦ Basic and Major Services: 3 months for new enrollees only

◦ Orthodontia: 12 months

PPO Provider Directory: www.uwsa.edu/hr/benefits/ins/dppoprov.pdf

2015 Monthly PremiumsPPO Plan

Employee $25.49

Employee & Spouse/ Domestic

Partner

$53.96

Employee & Child(ren)

$60.34

Family $91.21

Dental WisconsinPreferred Provider Plan (PPO)


http://www.uwsa.edu/hr/benefits/ins/dppoprov.pdf

If your health plan has a dental benefit AND you want additional comprehensive benefits

This plan supplements dental benefits provided by health plan

Freedom to choose any dentist

No coverage for preventive or diagnostic services.

Many restorative services are partially covered after a $50 deductible.

Waiting Period: ◦ Basic and Major Services: 3 months for new

enrollees only

◦ Orthodontia: 12 months

2015 Monthly PremiumsSelect Plan

Employee $20.52

Employee & Spouse/Domestic

Partner

$42.19


$48.68

Family $71.59

Dental WisconsinSelect Plan


Must enroll within 30 days of employment begin date

◦ No subscriber card: Use Person ID#

Covers:◦ One eye exam per year with a $10 co-pay

◦ One pair of lenses/contacts per year after co-pay

◦ Frames covered once every 24 months after $25 co-pay

Must enroll for entire year for eligibility

Premiums are paid pre-tax

Plan Information: www.uwsa.edu/hr/benefits/ins/vision.htm

2015 Monthly PremiumsCoverage Options

Employee Only $6.54

Employee & Spouse/Domestic

Partner

$13.08


$14.73

Employee & Family $23.54

VSP Vision Insurance


http://www.uwsa.edu/hr/benefits/ins/vision.htm

http://www.uwsa.edu/hr/benefits/ins/vision.htm

All employees, spouses and parents of both may apply at any time, subject to medical underwriting. Visit the ETF website for additional information: http://etf.wi.gov/members/benefits_ltci.htm

Long-term Care Insurance


http://etf.wi.gov/members/benefits_ltci.htm

Thank you!


CLASSIFIED Fringe Benefit Orientation. Wisconsin Retirement System (WRS) Tax-Sheltered Annuity...

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