Human Resources

Welcome to UNT!

Insurance & Retirement

Benefits

Our goal is to help you make informed

decisions which will maximize the value of your benefits package.

Human Resources

WHAT’S THE AGENDA FOR TODAY?

• Enrollment Deadlines• How to enroll in Benefits• Overview of Insurance and

Retirement Plans• Questions & Answers

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• You can sign up for most benefits right away, no questions asked.

• Health coverage begins after a waiting period• Some benefits require proof of good health

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During your first 30 days:You can elect any of the following benefits without proof of good health

•Dental coverage for you and your dependents

•Voluntary Accidental Death and Dismemberment (AD&D) coverage

•Optional term life insurance at one or two times your annual salary

•Term life insurance for your dependents

•Short- and long-term disability insurance

•TexFlex Flexible Spending Account– Health Care and Flexible Spending Account–Dependent Day Care

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Humana DHMO•Must choose a primary care dentist from the list of approved providers•Specialist discount of 25% •No Deductibles•Unlimited maximum lifetime for general dentistry•Copay – vary according to type of procedure/service

State of Texas Dental Choice (PPO)•Lets you use any dentist, pay less out of pocket by using a PPO dentist

•$0 - $300 Deductibles•Annual maximum $1500, then you pay 60% until next calendar year•Coinsurance – percentage vary according to procedure/service

Dental Insurance Comparison Chart

Both plans are administered by Humana Dentalwww.humanadental.com/ers

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State of Texas Dental Discount PlanAdministered by Careington International

Corporation. The dental discount plan isn’t insurance, rather a program that discounts dental services at the

provider’s office.• Savings on cosmetic services

• Unlimited use of the discount program and its offerings

Dental Discount Plan

Visit www.txdentaldiscount.com for information on participating providers, a discount schedule, plan brochure

and more.

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Accidental Death and Dismemberment

Accidental Death• Benefits are payable only if your death is the direct result of

an accident.Dismemberment

• Benefits are payable in the event of certain bodily injuries.Cost

• Coverage is purchased in increments of $5,000:• minimum $10,000• maximum $200,000• Family coverage available (benefits vary)

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Optional Life InsuranceDuring your first 30 days of employment you can sign up for:

• one times your annual salary (Election I) • two times your annual salary (Election II) • three times your annual salary (Election III*) • four times your annual salary (Election IV*)

*Proof of good health required

Term Life policy – no cash value until death•Must designate beneficiary

•Costs increase as salary and/or age increase•Administered by Minnesota Life

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Dependent Term Life• This policy provides term life insurance and AD&D

• $5,000 policy value per dependent + $5,000 AD&D rider

• Cost - $1.38 per month

• Administered by Minnesota Life

• You are automatically the beneficiary

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Short-Term DisabilityShort-term disability insurance provides a portion of your monthly income for up to 5 months

Benefits• maximum monthly benefit is 66% of your monthly salary up

to $10,000 • minimum monthly benefit is 10% of your monthly salary

To be eligible for Short-term Disability benefits, you must:• be certified as disabled by an approved practitioner• complete the greater of 30 consecutive days or exhaustion of

all sick leave benefits• Administered by Aon Hewitt

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Long-Term DisabilityLong-term disability insurance provides a portion of your monthly income for an extended period of time

Benefits• maximum monthly benefit is 60% of your monthly salary (up to

$10,000) • minimum monthly benefit is 10% of your monthly salary

To be eligible for Long-term Disability benefits, you must:• be certified as totally disabled by an approved practitioner• complete the greater of 180 consecutive days or exhaustion

of all sick leave benefits• Administered by Aon Hewitt

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TexFlex Reimbursement AccountsTexFlex is a Flexible Spending Account (FSA) that helps you pay for planned out-of-pocket health and dependent day care expenses tax-free. You can enroll in a TexFlex health care account or TexFlex dependent care account, or both. Plan Year 2015 - September 1 through August 31.

• Deducted pre-tax from your paycheck • Minimum $180 • Maximum $5,000 (dependent care)• Maximum $2,500 (health care)• File for reimbursement via mail, fax, online or use of a debit card

with a $15 annual debit card fee.• For a health care account you can carry over up to $500 to the next

plan year. • For the dependent care you can continue use of the account until

November 15, 2015 (grace period)

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How do I pay for these optional choices?

The University of North Texas has a Mandatory Premium Reserve Policy (Vol. 1, 1.5.1.8). Employees with less than 12-month

appointments who do not spread their salary over 12 months will be automatically enrolled in premium reserve. Premium Reserve

eliminates the risk of having your insurance coverage cancelled over the summer months due to non-payment. In addition, Premium

Reserve gives you the added advantage of pre-taxing your summer insurance premiums.

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Your waiting period for medical coverage

Your health coverage will begin the first of the month after your 60th

day of employment.

No Pre-existing Condition Limitations

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Health Insurance Benefits Network Non-Network Out-of-Area

Deductible NONE $500/$1500 $200/$600

Coinsurance Max $2,000 $7,000 $3,000

Lifetime Max NONE NONE NONE

PCP- Required Yes No No

PCP Copay $25.00 40% 30%

Specialist Copay $40.00 40% 30%

Eye Exam – 1/yr $40.00 40% 30%

Emergency Care $150.00 copay + 20% coinsurance

$150.00 copay + 20% coinsurance

30% coinsurance after deductible

Urgent Care Clinic $50 copay + 20% 40% 30%

Ambulance Service 20% 20% after deductible 30% after deductible

Find network providers and plan details at www.healthselectoftexas.com

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PRESCRIPTION DRUG PROGRAM

• Prescriptions are $10, $35, $60 30-day supply of non-maintenance medication

• $50 Plan Year (9/1 to 8/31) deductible (per family member)

• Generics mandatory when available

Maintenance medications are less expensive when ordered through an Extended Day Supply network

pharmacy or through Mail order.

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You may enroll your eligible dependents in the state’s insurance plans

• Your spouse• Your natural child • Adopted child• Your stepchild• Court-appointed ward

-OR-• child related by blood or marriage AND was/will be claimed as a dependent

on your federal income tax return in the previous/current calendar year.

• Children must be under age 26 for health insurance and can be married or unmarried. Child must be under age 26 and unmarried for dental insurance and Dependent Term Life Insurance.

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Proof of eligibility needed for dependents added to health coverage

If you’re enrolling a spouse or dependent children in health coverage, you’ll be required to provide proof of your dependent’s eligibility. ERS has contracted with Aon Hewitt to verify every dependent’s eligibility to participate in the Texas Employees Group Benefits Program (GBP). Aon Hewitt will mail a letter to you outlining the steps in the Dependent Eligibility Audit process, the dependents being audited, the types of documents to provide, and the due dates to submit documentation. If any dependent is found to be ineligible, ERS will remove him or her from all GBP coverage.

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Enrollment Deadlines•Add a dependent(s) to your health insurance during your first 60 days of employment.

•Enroll in optional coverage during your first 30 days of employment.

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Opt-Out CreditThe Health Insurance Opt-Out Credit is for employees who do not elect the State’s health insurance because they have other health insurance that is as good as or better than GBP health coverage.

Employees must:• Use toward dental and AD&D premiums• Certify comparable coverage

Benefit:• Up to $60 for Full-time employees• Up to $30 for Part-time employees

Obtaining coverage at a later date may require proof of good health!!

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Long-Term CareLong term care provides coverage for skilled nursing home, home health, assisted living, hospice, etc. Coverage available to qualified dependents (spouse, parent, parent-in-law, grandparent and grandparent-in-law).

The University of North Texas System Human Resources offers LTC options through a third party administrator, CNA.

• To request an enrollment kit, please send an email to hrbenefits@untsystem.edu

• Applications accepted at any time.

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Teacher Retirement System of TexasAll regular faculty and staff are automatically enrolled as of their first day of employment.

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TRS – Cost of Membership• 6.7% employee contributions

• 6.8% employer contribution

• Disability and Survivor benefits

• Vesting occurs after 5 years of creditable service.

• Tax Sheltered

• Interest on deposits 2%www.trs.state.tx.us

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Optional Retirement Plan (ORP)• Eligibility based on job code

• Examples: Faculty, upper level administrators, coaches, librarians

• Defined Contribution (Benefits based on performance of investments)

• 6.65% employee contribution• 6.6% employer contribution

• Vesting after one year and one day of participation (Vested right to both employee and employer contributions)

• Investments selected and controlled by employee

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Will you have enough money in retirement?

A balanced financial plan is like a three-legged stool. All three legs are necessary to provide stable income security in retirement:

Your pension (State retirement) Social Security Personal savings and investments (like a 401(k),

457 or IRA)

Depending on how long you live, your debt level, health, and lifestyle choices, you may need up to 120% of your current income in retirement. Voluntary retirement accounts such as Texa$aver 457 and 403(b) plans can help you build that stash of cash.

Contributions are pre-tax and earnings are based on investments.

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Retirement Manager • Enroll in Optional Retirement Plan and/or 403b savings plans

• Learn about your UNT System retirement savings plans with the following approved vendors:

Fidelity – Valic – TIAA-CREF – ING

• Change your deferral amount

• Calculate what you will need to stay on track for retirement with easy-to-use financial calculators

www.myretirementmanager.com

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Do you meet these criteria?• Are you a Direct Transfer from another Texas State agency?

• Does your spouse or parent work for a Texas state agency and if so, does that relative cover you for health, dental or dependent life insurance through the Texas GBP?

• If you meet one of these conditions, please let the Benefits Representative know. This could possibly waive your 60 day waiting period for health coverage.

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Contact Us

Human Resources – Benefits1.855.878.7650 Phone

817.735.0127 FaxEmail: hrbenefits@untsystem.edu

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Thank youand

WELCOME TO UNT!