2015 BENEFITS OPEN ENROLLMENT GUIDE

Transcription

1 2015 BENEFITS OPEN ENROLLMENT GUIDE OCTOBER 3 17, 2014 Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu a

2 Explore how to be healthier, stronger, fitter, and more balanced. Benefits and Health Fair Thursday, October 16, a.m. 4 p.m. Ida Noyes Hall, 1212 E. 59th St. Visit our fair to access information and resources that can enhance your well-being. Learn from experts about ways to enrich your life through better nutrition, exercise, and stress reduction. Maroon Savings Choice Plan and Health Savings Account Information Sessions Thursday, October 16, a.m. 11 a.m. 1 p.m. 2 p.m. Ida Noyes Hall, 3rd Floor b The University of Chicago 2015 Benefits Open Enrollment Guide

3 Dear University of Chicago Colleagues, Open Enrollment for 2015 is Friday, October 3, through Friday, October 17, Annual Open Enrollment is the time of year when all eligible University of Chicago colleagues can re-evaluate their benefit needs and review current plan elections to ensure they continue to meet their needs and those of their families. Now is the time to make changes to all 2014 elections or enroll for the first time for the 2015 calendar year. Any new elections and all changes will become effective January 1, 2015, and continue through December 31, In an effort to continue to offer benefit choices that fit the diverse needs of the University population, a new medical plan will be offered for 2015, the Maroon Savings Choice, which will include a Health Savings Account. This guidebook includes helpful information for evaluating your benefit options, including the new medical plan. Additionally, the University has established a helpful on-line tool called The Choice Is Yours. Using this tool, you can answer a few questions about your medical benefit needs to find a medical plan that is right for you based on your responses. Refer to pages 4 5 and for more information about the Maroon Savings Choice health plan and The Choice Is Yours web-based tool. The University will continue to focus on providing access to high quality health care while supporting the health and wellness of all University colleagues. Plan options are designed to ensure choice to University colleagues while maintaining a high level of coverage and financial protection. Similar to last year, this guidebook includes the required 2015 Summaries of Medical Benefits and Coverage (SBC) and a Glossary of Health Coverage and Medical Terms in the back pocket. The SBC booklet summarizes important information about all of your medical plan options to help you compare your choices before enrolling and understand your coverage after enrollment. The glossary defines some of the most common medical and insurance terms. I encourage you to please carefully review and consider the information provided in the 2015 Benefits Open Enrollment Guide. I look forward to seeing you at the University Benefits and Health Fair on October 16, 2014, at Ida Noyes Hall. At the Benefits and Health Fair you can learn about your benefit options and ask questions of the benefits staff and vendors. Should you have questions on any of the plan options or need assistance related to the Open Enrollment process, our benefit counselors are eager to assist you. Counselors can be reached Monday through Friday from 8:30 a.m. to 4:30 p.m. by phone at or at benefits@uchicago.edu. Sincerely, Michael F. Knitter Assistant Vice President Benefits and Human Resources Operations The University of Chicago Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 1

4 GET YOUR FLU SHOT TODAY! Benefits and Health Fair Thursday, October 16, a.m. 4 p.m. Ida Noyes Hall 1212 East 59th Street DO YOUR PART TO BE FLU SMART. Please get your flu vaccination. 2 The University of Chicago 2015 Benefits Open Enrollment Guide

5 2015 BENEFITS OPEN ENROLLMENT GUIDE 4 WHAT S NEW FOR ENROLLMENT PROCESS 10 HEALTH & WELLNESS 10 Medical Plans 14 Dental Plans 16 Vision Plan 18 GROUP LIFE, PERSONAL ACCIDENT, LONG TERM DISABILITY, AND LONG TERM CARE INSURANCE 18 Basic, Supplemental, and Voluntary Life Insurance 19 Personal Accident Insurance 19 Long Term Disability Insurance 19 Long Term Care Insurance 24 HEALTH AND DEPENDENT CARE FLEXIBLE SPENDING ACCOUNTS AND COMMUTER BENEFITS 26 SUPPLEMENTAL RETIREMENT AND DEFERRED COMPENSATION PLANS 27 OTHER BENEFITS 29 NOTICES 32 CONTACT INFORMATION What Do I Need to Do? Open Enrollment is an opportunity for you to review your current health plan elections to ensure they continue to meet your needs and those of your family. WHAT BENEFITS REQUIRE RE-ELECTION? If you want to participate in the health care and/or dependent care flexible spending accounts (FSA) or the 457(b) Deferred Compensation Plan during calendar year 2015, you must complete new enrollment elections. Even if you participated in these plans during calendar year 2014, your deductions will default to $0 for 2015 unless you re-enroll. For more information, see page 24 for flexible spending accounts and page 26 for the 457(b) Plan. NO CHANGES TO YOUR CURRENT ELECTIONS? If you do not want to make any changes to your current medical, dental, vision, supplemental life, dependent life, personal accident, long-term disability, long-term care, commuter, or supplemental retirement elections, you do not need to do anything. Your 2014 elections for these benefit plans will automatically continue for calendar year WHAT IF I WANT TO CHANGE MY CURRENT ELECTIONS OR ENROLL FOR THE FIRST TIME? If you want to change your elections or enroll for the first time in the medical, dental, vision, supplemental life, dependent life, personal accident, long-term disability, long-term care, commuter, or supplemental retirement plans, you must access Employee Self Service at ess.uchicago.edu/ess from any computer beginning October 3, 2014, through October 17, Once you have completed your changes, it is important that you print the confirmation statement for your records. Any changes you make during Open Enrollment will take effect on January 1, Decisions made during Open Enrollment are binding through December 31, 2015, unless you have a qualified life event, such as a marriage or birth of a child. WHAT IF I EXPERIENCE A QUALIFIED LIFE EVENT IN 2015? Dependents who become eligible during the year can be added to your coverage within 31 days of the qualified life event. Eligible dependents are your legal spouse, same-gender University-registered domestic partner, civil union partner, and children. Adopted, foster, and stepchildren are also eligible for coverage. Documentation will be required when you add a dependent. Contact Human Resources at within 31 days of the qualified life event to enroll. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 3

6 WHAT S NEW New for 2015 MAROON SAVINGS CHOICE PLAN Effective January 1, 2015, the University will be offering the Maroon Savings Choice Plan. This medical plan will give you greater control and flexibility on how your health care dollars are spent. It will also provide access to a University-funded, tax advantaged Health Savings Account (HSA). Highlights of the Maroon Savings Choice Plan When you elect the Maroon Savings Choice Plan: The network will be a preferred provider organization (PPO) administered by BlueCross BlueShield of Illinois. This plan will offer the same broad network of physicians and care providers currently available in the Maroon Plan. Like all University medical plans, preventive care is covered at 100% for all in-network preventive care. This means when you receive annual physicals, mammograms, colonoscopies, and well-child care, there is no deductible or coinsurance. All non-preventive and out-of-network preventive care will require you to meet 100% of your annual deductible before the plan will provide coverage. The annual deductible for this plan is: $2,000 in-network/$4,000 out-of-network for those enrolled as an individual $4,000 in-network/$8,000 out-of-network for those enrolled with a spouse and/or children. The family deductible must be satisfied before coverage begins for any one family member (often referred to as a true family deductible). You pay the full cost of prescription drugs until your deductible is met unless it is a preventive drug. Once your annual deductible has been met, then the cost will be the appropriate copay. For preventive drugs, you will only be responsible for the copay before and after your deductible is met. The 2015 copays will be exactly the same as the current Maroon Plan. Preventive (Before and After Deductible) Non-Preventive Medications (Participant pays 100% until deductible is met) Generic Retail/Mail Order $8/$16 $8/$16 after deductible Preferred-Brand Retail/ $20/$40 $20/$40 after deductible Mail Order Non-Preferred-Brand Retail/ $35/$70 $35/$70 after deductible Mail Order Once you meet your annual out-of-pocket maximum, the Maroon Savings Choice Plan will pay 100% of eligible medical and prescription drug expenses. The out-of-pocket maximum for this plan is: $3,000 in-network/$6,000 out-of-network if enrolled as an individual $6,000 in-network/$12,000 out-of-network if enrolled with a spouse and/or children Additional plan features can be found on the Medical Plan Comparison Chart on pages 12 and 13. Health Savings Account The Maroon Savings Choice Plan will include a health savings account (HSA) administered by HSA Bank, a division of Webster Bank, an FDIC-insured institution. For calendar year 2015, the University will contribute $500 to the HSA for those enrolled as individuals or $1,000 for those enrolled with a spouse and/ or children. You have the option to contribute additional funds through pre-tax payroll deductions, but contributions are not mandatory. For 2015 you can contribute up to an additional $2,850 if you are enrolled as an individual or $5,650 if you are enrolled with a spouse and/or children through payroll deductions on a pre-tax basis. If you are age 55 or older, you can contribute an additional $1,000 regardless of your coverage tier. You can also contribute by check/money order or transfer/ rollover funds directly to HSA Bank. You can use this account to pay for qualified health expenses, including deductibles, coinsurance, dental, vision, and prescription drug expenses. Since the HSA is a bank account that you own, you will be issued a debit card. As the account holder, you will be responsible for all banking fees such as replacement of a debit card or ordering checks. You can use your debit card or check to directly pay for your eligible outof-pocket health expenses to providers. Any unused funds will roll over, allowing you to build tax-free savings for future health care needs, including funds for medical expenses during retirement years. You can also grow your HSA savings through TD Ameritrade and Devenir self-directed investment options (through HSA Bank s internet banking). There is no minimum requirement to begin investing. Important Information to Know If You Choose to Enroll Eligibility: IRS rules state that participants cannot be covered in any other Traditional Health Plan, Health Care Reimbursement Account (HRA), Health Care Flexible Spending Account (FSA), Tricare, and/or VA benefits. You cannot be claimed as a dependent on another person s tax return (excluding your spouse s). You cannot be enrolled in Medicare. You are responsible for informing HSA Bank if you are not eligible for an HSA. Remember to have the pharmacy apply all CVS Caremark network discounts prior to submitting payment. 4 The University of Chicago 2015 Benefits Open Enrollment Guide

7 WHAT S NEW Health Care Flexible Spending Accounts: If you enroll in the HSA, you are not eligible to enroll in a Health Care Flexible Spending Account (FSA) for the 2015 Plan Year; however, many of the qualified expenses under a Health Care FSA would be reimbursable under an HSA. You are not eligible to participate in the 2014 Plan Year grace period. If you are enrolled in a Health Care Flexible Spending Account for 2014, any balance not used by December 31, 2014, will be forfeited. Health Savings Account: The University will automatically open an HSA account for you and deposit either $500 or $1,000. These funds will be available on January 1, Your HSA will operate just like a bank account. Once your account is opened, you will be required to maintain the account, including making updates to your address and marital status, directly with HSA Bank. Some states (California, Alabama, and New Jersey) will apply state taxes to contributions. You are not required to provide proof that an HSA distribution was used exclusively for an eligible out-ofpocket health expense; however, you will want to maintain records showing that payments were for qualified health care expenses in the event of an IRS audit. Investment accounts are not bank guaranteed or FDIC insured and are the sole responsibility of the account holder. HSA Bank will provide monthly account statements, a year-end status report, and IRS Forms 5498-SA and 1099-SA to report contributions and distributions on your tax returns. Additional information about the new Maroon Savings Choice Plan can also be found online in the Changes for 2015 section of the Benefits website at humanresources.uchicago.edu/benefits. Advantages of an HSA (Health Savings Account) You own the account and it goes with you when you retire or leave. In addition to University-provided funds, you can also contribute to the account up to certain limits. NEW MEDICAL PLAN DECISION TOOL THE CHOICE IS YOURS Need help choosing a medical plan? Answer a few simple questions about your medical benefit needs. Then in just a few minutes, The Choice Is Yours will suggest the medical plan that is right for you based on your responses. Your responses are anonymous and you can use the tool multiple times. Visit to find your choices. NEW HMO ILLINOIS VISION CARE BENEFITS All HMO Illinois medical plan participants have access to vision care benefits through Davis Vision. Effective January 1, 2015, these benefits will include a $75 allowance toward the purchase price of eyeglasses/contacts every 24 months. Plan participants will still continue to receive coverage for one eye examination every 12 months at no cost and discounts on the purchase of eyeglasses and contact lenses. Remember, these benefits are only available from a Davis Vision network provider and are separate from the benefits offered through the Vision Service Plan. NEW UNIVERSITY OF CHICAGO HEALTH PLAN ID CARDS All University of Chicago Health Plan (UCHP) participants will receive new ID cards in mid-december for use beginning January 1, We ask that you discard your current card when you receive the new ID card. NEW WOMEN S HEALTH FRIENDS AND FAMILY PROGRAM Effective January 1, 2015, all Maroon Plan, Maroon Savings Choice Plan, and UCHP participants can begin receiving care from top specialists in women s health through the University of Chicago s Women s Health Friends and Family Program. This program will offer convenient, quality obstetric and gynecologic care. Visits will be centrally located at the Duchossois Center for Advanced Medicine. To get started, call or ucmfamily@uchospitals.edu. HEALTH CARE FLEXIBLE SPENDING ACCOUNT CHANGE As a health care flexible spending account (FSA) participant, please keep receipts for all purchases made with your Conexis debit card. Per IRS regulations, Conexis requires itemized receipts to verify debit card purchases. Failure to submit proper documentation within 90 days of the transaction date will result in the deactivation of your Conexis debit card. Once your card has been deactivated, you must clear all of the unresolved card transactions to reactivate your card. Additional information can be found on page 25. Your dollars can be invested and grow tax-free. Your funds roll over every year no use it or lose it requirements! Withdrawals are tax-free when used for eligible health care expenses. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 5

8 ENROLLMENT Enrollment Process The enrollment process is the same as last year. The Online Benefits Enrollment Center gives you the ability to update your dependent and beneficiary data, and make benefit choices. It is important that you print the confirmation statement for your records. All of your current health and welfare benefit elections can be viewed on the Employee Self Service (ESS) web page. We encourage you to review them to ensure they continue to meet your needs. Choose your medical, dental, vision, and flexible spending account benefits carefully, as you will not be able to make changes after October 17, 2014, unless you experience a qualified life event. Changes made must be consistent with the type of life event. Proof of the life event is required and must be submitted within 31 days of the change effective date. The benefit elections you make during this open enrollment period will become effective January 1, 2015, and are binding through December 31, To begin your 2015 enrollment process, access Employee Self Service at ess.uchicago.edu/ess from any computer beginning October 3, 2014, through October 17, Enter your CNet ID and password. The first screen you will see is the personalized welcome page. Select Benefits. Select Current Year Coverage to review your 2014 elections. Select Next Year Enrollment to begin your 2015 elections. If you leave the enrollment system before submitting your elections, your choices will not be saved. Remember to print your confirmation statement for your records. To add a dependent, select the Add Dependent button. An Add Dependent form will appear in a separate window. Provide the person s full name. Select a reason for this entry from those listed. If no reason fits, simply select No Reason Given. Select Relationship. Only individuals whose relationship is spouse, civil union partner, same-gender domestic partner, or child will be allowed enrollment into the medical, dental, and vision plans. Provide the Social Security number and date of birth. If your dependent child is a twin or triplet, enter a birth order number (one, two, or three) in the Birth Order field. Provide a telephone number where the person resides. Enter disabled or veteran in the Special Status field if applicable to your dependent. A confirmation message asks that you verify the Social Security number, date of birth, and special status. Select Cancel if you want to double check. If you save and these are not correct, you will need to contact the Benefits Office for any corrections. A second message reminds you that if you plan to provide coverage for this dependent, you will need to submit verification of relationship to the Benefits Office by November 30, Your new dependent is now added to your list. You can continue entering additional dependents by selecting the ADD DEPENDENT button. The dependents you enter will also be included in your list of beneficiaries. If you need to add other people to your beneficiary list, use the Beneficiary Update option on the left menu. You can insert as many other beneficiaries as you wish. Use the same method as you did in adding dependents. Just select the ADD BENEFICIARY button and complete the form. When you have finished entering your dependents and beneficiaries, select the Begin Election entry. MEDICAL, DENTAL, AND VISION COVERAGE Separately select the medical, dental, and vision coverage level you want. Separately select the medical and dental plans that best meet your needs. The rates for each medical, dental, and vision plan and coverage level are shown. If you elect the Maroon Savings Choice medical plan and want to contribute to your Health Savings Account, click on the link next to it. This link will take you to the Health Savings Account enrollment page where you will enter the annual amount you want to contribute. If there is a physician or medical group ID link next to the medical plan you select, an ID number is required for enrollment into this plan. These links will take you to the corresponding websites for looking up the ID numbers. If you do not wish to select a physician or group, you can select the box to allow the carrier to make a selection for you. You can always change this option later through the provider. Separately select the dependents you wish to enroll in the medical, dental, and vision plans. When you are finished, select SAVE. Verification of relationship for each dependent is required. You only have to provide this information once for enrollment into medical, dental, or vision plans. When you have completed the information, select the SAVE button. 6 The University of Chicago 2015 Benefits Open Enrollment Guide

9 ENROLLMENT PERSONAL ACCIDENT INSURANCE Select the coverage level you want. Select your beneficiary(ies) and benefit percentage amount. Then select whether you want the person to be a primary or contingent beneficiary. If you are only selecting one primary or contingent beneficiary, allocate 100% of the benefit to him or her. If you are selecting two or more primary or contingent beneficiaries, you will need to split the 100% allocation between them. When you are finished, select the SAVE button. LONG TERM DISABILITY Select the long term disability plan that best meets your needs. Evidence of insurability is required for a new election into the Optional Plan. You will be contacted through US mail by Prudential. Coverage will not become effective until evidence of insurability is approved by Prudential. After you have made your selection, select the SAVE button. SUPPLEMENTAL LIFE INSURANCE Select your desired coverage level based on your current coverage election. Evidence of insurability may be required. If required, you will be contacted through US mail by Prudential. Coverage will not become effective until evidence of insurability is approved by Prudential. Choose primary and contingent beneficiaries using the same method as with personal accident insurance. They may be, but do not have to be, the same designations as your personal accident insurance selections. You do not necessarily have to allocate the same way, but your allocations have to add up to 100%. When you are finished, select the SAVE button. VOLUNTARY DEPENDENT CHILD LIFE INSURANCE Select a coverage level of group life insurance for your children. When you are finished, select the SAVE button. VOLUNTARY SPOUSE OR SAME-GENDER DOMESTIC PARTNER LIFE INSURANCE Select a coverage level of life insurance for your spouse, same-gender domestic partner (registered with the University), or civil union partner. Evidence of insurability is required. You will be contacted through US mail by Prudential. Coverage will not become effective until evidence of insurability is approved by Prudential. When you are finished, select the SAVE button. HEALTH SAVINGS ACCOUNT Enrollment in the Maroon Savings Choice is required to contribute to the Health Savings Account. For calendar year 2015, the University will contribute $500 to your account if enrolled as individuals or $1,000 if enrolled with a spouse and/or children. Enter the annual amount you want to contribute. If enrolled as an individual, you can contribute an annual maximum of $2,850. If enrolled with a spouse and/or children, you can contribute an annual maximum of $5,650. Any unused funds will roll over to next year. When you are finished, select the SAVE button. HEALTH AND DEPENDENT CARE FLEXIBLE SPENDING ACCOUNTS If you enroll in the Maroon Savings Choice medical plan, you are not allowed to enroll in the Health Care FSA. IRS regulations require re-enrollment into the FSAs each year. If you are enrolled in a health and/or dependent care FSA during calendar year 2014, your elections will not automatically be continued for calendar year Enter the annual amount you want to contribute. For health care, you can contribute an annual minimum of $250 and maximum of $2,500, if you are not enrolling in the Maroon Savings Choice medical plan. For dependent care, you can contribute any amount up to an annual maximum of $5,000. (Highly compensated employees can only contribute a maximum of $1,900.) These election amounts will be available January 1, 2015, through March 15, All claims must be submitted by June 30, Any balance not used by March 15, 2016, will be forfeited; you cannot receive the balance. When you are finished, select the SAVE button. RETIREMENT PLANS If you would like to enroll in the Supplemental Retirement Program (SRP) and, if eligible, the 457(b) Deferred Compensation Plan [457(b) Plan] for 2015, you will be directed to the SRP/457(b) online enrollment site. If you already are enrolled in the SRP, you may change your contribution rate and your percentage allocation between TIAA-CREF and Vanguard online during the open enrollment period. If you are eligible and wish to participate in the 457(b) Plan, you must enroll online for 2015 even if you participated in the 457(b) Plan in COMMUTER BENEFITS If you would like to enroll in the Commuter Benefits (Qualified Transportation Program), you will need to contact Conexis at or visit mybenefits.conexis.com. LONG TERM CARE INSURANCE If you would like to enroll in long term care insurance, you will need to contact Genworth at or visit genworth.com/groupltc, and enter group id: UChicago and code: groupltc. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 7

10 ENROLLMENT Enrollment Process, (continued) ELECTRONIC SIGNATURE Once you have selected your health and welfare benefits for 2015, ESS will request an electronic signature. You can sign the online document by selecting the I AGREE button. By selecting the I AGREE button, you certify that: You authorize the University of Chicago to deduct from your earnings the required contributions, if any, toward the cost of the plan(s); and You cannot change any of your elections for medical, dental, vision, or health and/or dependent care flexible spending accounts until the next open enrollment period, unless you have a qualified life event. Proof of the life event is required and must be submitted within 31 days of the life event effective date. Remember: All new benefit elections will become effective January 1, If any of your benefit elections require the completion of the evidence of insurability (EOI) process, new benefit elections will be effective when you have completed the EOI process and Prudential has approved your new benefit election(s). If you are adding dependents to your medical, dental, or vision plans for the first time during Open Enrollment, verification of relationship documentation must be submitted by November 30, If documentation is not received, coverage elections for unverified dependents will not be effective January 1, Your next opportunity for enrollment will be in the fall of 2015 for coverage effective January 1, The University of Chicago 2015 Benefits Open Enrollment Guide

11 ENROLLMENT CONFIRMATION SCREEN SONIA NAME ALMANZA 3621 ADDRESS S. DAMEN 1 CHICAGO, ADDRESS IL UNIVERSITY OF CHICAGO BENEFIT ENROLLMENT 01/01/2015 thru 12/31/2015 CONFIRMATION STATEMENT FOR EMPLOYEE ID: *****2697 Election Entry signed: Aug DATE 28, :34 PM This statement is a confirmation of your benefit elections for the Jan. 1, 2015, plan year. Remember to print a copy of this statement for your records. If you have any questions, please contact the Benefits Office by phone at (773) or at benefits@uchicago.edu. PRE-TAX BENEFIT ELECTIONS Plan Name Pre-Tax Dollar Amount Medical Maroon You + Fami ly $ Dental MetLife Co-Pay You + Fami ly $66.87 Vision VSP Vision Cov You + Chil d(ren) $16.44 Health Care FSA $2, $ Dependent Care FSA $5, $ Total Pre-Tax Amount $1, ** Please note if you have a same-gender domestic partner, a portion of your deductions will be pre-tax and a portion will be after-tax. AFTER-TAX BENEFIT ELECTIONS Plan Name After-Tax Dollar Amount Personal Accident $100,000 Yourself and Family $2.30 Long Term Disability Base $11.66 Group Life Insurance $492, $16.73 Child Life Insurance $10,000 $1.00 Spouse Life Insurance $150,000 $5.10 Total After-Tax Amount $36.79 DEPENDENTS: Our records indicate the following information for your dependents. Please Note: If you add your same-gender domestic partner, he or she must be registered with and approved by the University before coverage will take effect. If you have added dependents to your medical, dental, or vision plan for the first time during Open Enrollment, verification of relationship documentation must be submitted by November 30, 2014 to finalize their enrollment. If documentation is not received, coverage elections for unverified dependents will not be effective January 1, Your next opportunity to enroll will be in fall of Name SSN Birth Date Relationship Gender Medical Dental Vision JAVIER NAME B. 1 ALMANZA XXX-XX-XXX Apr07,1976 XX/XX/XXX Spouse Male Yes Yes No ANGELA NAME M. 2 ALMANZA XXX-XX-XXX Jul23,2002 XX/XX/XXX Child Female Yes Yes Yes XAVIER NAME ALMANZA 3 XXX-XX-XXX Dec12,2005 XX/XX/XXX Child Male Yes Yes Yes LILIANA NAME G. 4 ALMANZA XXX-XX-XXX XX/XX/XXX Sep03,2008 Child Female Yes Yes Yes BENEFICIARIES: Our records indicate the following information for your beneficiaries Personal Accident Group Life Insurance Name SSN Birth Date Relationship Beneficiary Percent Beneficiary Percent JAVIER NAME B. 1 ALMANZA Apr07,1976 Spouse Primary 100 Primary 100 ANGELA NAME M. 2 ALMANZA Jul23,2002 Child Contingent 34 XAVIER NAME ALMANZA Dec12,2005 Child Contingent 33 LILIANA NAME G. 4 ALMANZA Sep03,2008 Child Contingent 33 Once you have verified your elections, it is important that you print the confirmation statements for your records. Just select the PRINT button. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 9

12 HEALTH & WELLNESS Health & Wellness Medical Plans The University of Chicago offers two different types of medical plans: two preferred provider organization (PPO) plans and three health maintenance organization (HMO) plans. MEDICAL PLANS OFFERED The University of Chicago offers five medical insurance plans, all of which provide coverage for pre-existing conditions, prescription drugs, mental health, and substance abuse with no lifetime maximum. Choosing and personalizing your benefits depends on your specific health care needs, doctor preferences, budget, and the type of plan you prefer. Use the comparison chart on pages 12 and 13 to determine which of the following plans best suits your medical needs. Maroon Plan (PPO) Q Q Maroon Savings Choice (PPO) University of Chicago Health Plan (HMO) Q Q Humana Illinois Platinum HMO HMO Illinois (BlueCross BlueShield) COST OF COVERAGE You and the University of Chicago share the monthly cost for medical coverage. The University pays the majority of the costs. Your cost is based on The plan you choose; The coverage level you choose (yourself only; yourself + spouse/partner; yourself + child(ren); yourself + family) Your annual salary; and Whether you are a full-time or part-time employee. HEALTH MAINTENANCE ORGANIZATION (HMO) An HMO is a managed care group that provides services and supplies through its own network of doctors, hospitals, and other health care facilities. It covers your expenses only if you go to a health care provider within its network of providers (unless it s a life-threatening emergency). When you enroll in an HMO plan, you will be required to select a primary care physician (PCP), who manages your care using the HMO network s physicians and facilities. You will need approval from your PCP before seeing a specialist. HMOs provide health care within specific geographic areas called service areas. An HMO s service area may include all or part of a particular county. To be a member of an HMO, you must live in its service area (Illinois and Indiana). Except for emergencies, you must use doctors in your HMO s network and within your service area. With an HMO: There is NO deductible There are NO claims to file. You pay a fixed copayment for each office visit, emergency room visit, and hospital stay. PREFERRED PROVIDER ORGANIZATION (PPO) A PPO gives you freedom of choice and greater flexibility than an HMO. You are not required to choose a primary care physician and do not need a referral to see a specialist. The PPO offers a large network of contracting doctors and hospitals to choose from when care is needed. When a contracting network provider is used, the care is considered in-network, out-of-pocket costs will be less, and the highest level of benefits is received. If a doctor outside the network is used, the care is considered outof-network and coverage is still provided, but the out-of-pocket costs will be significantly higher. In addition, PPO members have access to care anywhere they live, work, or travel, across the country and around the world. With a PPO: There is an annual deductible You pay a percentage of the charge after you have met your deductible for each office visit, emergency room visit, and hospital stay. There is a Health Savings Account (with the Maroon Savings Choice Plan only) WHICH PLAN IS RIGHT FOR YOU? The best medical plan for you depends on a number of factors: What are your anticipated medical expenses for 2015? Do you want to participate in a Health Savings Account or a Flexible Spending Account? What can you afford to pay out-of-pocket (in terms of deductibles and copayments) if you or a covered dependent needs medical care? Do you have other medical coverage (for example, through your spouse s employer)? Do you have a doctor whom you want to keep seeing, or would you be willing to switch to a network doctor, if necessary, to pay less for coverage? Do you travel often or are you away from the University of Chicago often? Do any of your dependents need routine medical care in an out-of-state location? The Choice Is Yours Find the medical plan that is right for you by answering a few questions about your medical needs. Visit to find your choices. 10 The University of Chicago 2015 Benefits Open Enrollment Guide

13 HEALTH & WELLNESS Monthly Medical Rates for Full-Time Employees If your salary is: Under $45,000 $45,000 $74,999 $75,000 $99,999 $100,000 $174,999 $175,000 or more Maroon Plan Yourself Only $117 $155 $174 $275 $290 Yourself + Spouse/Partner $210 $285 $356 $435 $450 Yourself + Child(ren) $195 $271 $320 $355 $405 Yourself + Family $266 $355 $441 $545 $565 Maroon Savings Choice Plan Yourself Only $53 $69 $84 $99 $115 Yourself + Spouse/Partner $112 $144 $176 $208 $241 Yourself + Child(ren) $96 $124 $151 $179 $206 Yourself + Family $160 $206 $252 $298 $344 UCHP Yourself Only $46 $73 $110 $124 $128 Yourself + Spouse/Partner $100 $156 $230 $273 $290 Yourself + Child(ren) $92 $145 $218 $240 $250 Yourself + Family $126 $192 $273 $335 $350 Humana Illinois Platinum HMO Yourself Only $47 $76 $112 $143 $147 Yourself + Spouse/Partner $113 $182 $250 $330 $338 Yourself + Child(ren) $102 $172 $238 $270 $280 Yourself + Family $143 $222 $316 $395 $410 HMO Illinois Yourself Only $41 $68 $94 $110 $118 Yourself + Spouse/Partner $97 $148 $200 $268 $278 Yourself + Child(ren) $88 $135 $190 $215 $230 Yourself + Family $123 $183 $270 $330 $340 Monthly Medical Rates for Part-Time Employees If your salary is: Under $45,000 $45,000 $74,999 $75,000 $99,999 $100,000 $174,999 $175,000 or more Maroon Plan Yourself Only $176 $233 $261 $413 $435 Yourself + Spouse/Partner $315 $428 $534 $653 $675 Yourself + Child(ren) $293 $407 $480 $533 $608 Yourself + Family $399 $533 $662 $818 $848 Maroon Savings Choice Plan Yourself Only $80 $104 $126 $149 $173 Yourself + Spouse/Partner $168 $216 $264 $312 $362 Yourself + Child(ren) $144 $186 $227 $269 $309 Yourself + Family $240 $309 $378 $447 $516 UCHP Yourself Only $69 $110 $165 $186 $192 Yourself + Spouse/Partner $150 $234 $345 $410 $435 Yourself + Child(ren) $138 $218 $327 $360 $375 Yourself + Family $189 $288 $410 $503 $525 Humana Illinois Platinum HMO Yourself Only $71 $114 $168 $215 $221 Yourself + Spouse/Partner $170 $273 $375 $495 $507 Yourself + Child(ren) $153 $258 $357 $405 $420 Yourself + Family $215 $333 $474 $593 $615 HMO Illinois Yourself Only $62 $102 $141 $165 $177 Yourself + Spouse/Partner $146 $222 $300 $402 $417 Yourself + Child(ren) $132 $203 $285 $323 $345 Yourself + Family $185 $275 $405 $495 $510 Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 11

14 HEALTH & WELLNESS Medical Plan Comparison Chart Your medical-related needs and considerations are unique, and so are your family s. That s why the University offers you the opportunity to select the plan option that works best for you. PLAN FEATURE Maroon Plan Maroon Savings Choice Plan Inside BCBSIL (BlueCross BlueShield) Network Outside BCBSIL Network Inside BCBSIL (BlueCross BlueShield) Network Choice of doctor Limited to BCBSIL network Any provider Limited to BCBSIL network Deductible Individual $250 Family up to $600 Individual $250 Family up to $600 Additional $200 per hospital admission Individual $2,000 Family $4,000 Benefit payment percentage You pay 20%; Plan pays 80% of covered expenses You pay 35% ***; Plan pays 65% of the costs You pay 20%; Plan pays 80% of covered expenses Out-of-pocket maximum $2,000/Individual $4,000/Family Health Savings Account None (University contribution) Physician office visits You pay 20%; Plan pays 80% of covered expenses for non-preventive services. Preventive services, including preventive office visits, are covered at 100%. You pay 35% ***; Plan pays 65% of the costs $3,000/Individual $6,000/Family $500/Individual $1,000/Family You pay 20%; Plan pays 80% of covered expenses for nonpreventive services. Preventive services including preventive office visits, are covered at 100%. Hospital: Inpatient You pay 20%; Plan pays 80% of You pay 35%*** (after $200 You pay 20%; covered expenses deductible); Plan pays 65% Plan pays 80% of covered expenses of the costs Hospital: Outpatient You pay 20%; You pay 35%***; Plan pays 65% You pay 20%; Plan pays 80% of covered expenses of the costs Plan pays 80% of covered expenses Preventive care/wellness Provided in full Provided in full Ongoing therapy, occupational therapy, physical therapy, and speech therapy 20 visits maximum per condition 20 visits maximum per condition Hearing services Not covered Not covered Vision services Contact Davis Vision at Contact Davis Vision at Prescriptions (generic/preferred brand-name/ non-preferred brand-name) Covered under a separate prescription drug plan administered by CVS Caremark Retail (30-day supply): $8/$20/$35 copayment Mail Service (90-day supply): $16/$40/$70 copayment Covered under a separate prescription drug plan administered by CVS Caremark; Retail (30-day supply): $8/$20/$35 copayment; Mail Service (90-day supply): $16/$40/$70 copayment. You are responsible for the full cost of non-preventive drugs until the plan deductible has been met, after the deductible copays apply. Emergency room You pay 20%; Plan pays 80% of covered expenses You pay 20%***; Plan pays 80% of the costs You pay 20%; Plan pays 80% of covered expenses Mental health: Outpatient You pay 20%; Plan pays 80% of You pay 35%***; You pay 20%; covered expenses Plan pays 65% of the costs Plan pays 80% of covered expenses 12 The University of Chicago 2015 Benefits Open Enrollment Guide

15 HEALTH & WELLNESS Use this chart to help you make a decision. It s a good idea to think through how you might use the plan in the coming year. Do you want a plan that offers you more access to providers? Are you looking for a plan with lower costs? Do you want to have one doctor to coordinate all your care? What kind of coverage do you want? Do you want to have access to a Health Savings Account? REMEMBER: All medical plans provide emergency care anywhere in the world. Before you enroll in a new plan, make sure the doctor you want is accepting new patients. Outside BCBSIL Network University of Chicago Health Plan Humana Illinois Platinum HMO HMO Illinois Any Provider Limited to network Limited to network Limited to network Individual $4,000 Family $8,000 Additional $200 per hospital admission None None None You pay 35% ***; Plan pays 65% of the costs You pay nothing or a minimal copayment; Plan pays 100% You pay nothing or a minimal copayment; Plan pays 100% You pay nothing or a minimal copayment; Plan pays 100% $6,000/Individual $12,000/Family $1,500/Individual $1,500/Individual $1,500/Individual $3,000/Family $3,000/Family $3,000/Family None None None You pay 35% ***; Plan pays 65% of the costs You pay a $10 copayment for a PCP* visit and $20 for a specialist visit; Plan You pay a $10 copayment for a PCP* visit and $20 for a specialist You pay a $10 copayment for a PCP* visit and $20 for a specialist covers the remainder visit; Plan covers the remainder visit; Plan covers the remainder You pay 35%*** (after $200 deductible); Plan pays 65% of the costs You pay $250 copayment per admission; Plan covers the remainder You pay up to $300 copayment per admission ($100 per day for up to three days); Plan covers the You pay $250 copayment per admission; Plan covers the remainder remainder Provided in full Provided in full Provided in full Deductible/coinsurance $0 copay $0 copay $0 copay Limit of 60 combined treatments per calendar year PCP* and any consulting physician must determine that the member s condition can improve significantly within 2 months Limit of 60 combined treatments per calendar year; $10 copayment per visit Exam provided in full; no coverage for hearing aids Exam provided in full; no coverage for hearing aids $10 PCP*/$20 specialist; no coverage for hearing aids Contact the Plan at Retail (30-day supply): $5/$15/$30 copayment; 50% copayment for maintenance medications after 2nd refill; Mail service at DCAM** Pharmacy (90- day supply): $10/$30/$60 copayment; Mail service (90-day supply) with CVS Caremark: $15/$45/$90 copayment Contact EyeMed Vision Care at Retail (30-day supply): $5/$15/$30 copayment; Mail service (90-day supply): $10/$30/$60 copayment Contact Davis Vision at Retail (34-day supply): $5/$15/$30 copayment; $50 self-injectables Mail service & select retail pharmacies (90-day supply): $10/$30/$60 copayment; $50 copay for self-injectables You pay 20%***; Plan pays 80% of the costs $75 copayment; waived if admitted $75 copayment; waived if admitted $75 copayment; waived if admitted You pay 35%***; Plan pays 65% of the costs $10 copayment per visit (waived for initial visit) $20 copayment per visit $10 copayment per visit *PCP = Primary Care Physician **DCAM = Duchossois Center for Advanced Medicine at the University of Chicago Medicine ***You are also responsible for 100% of the charges in excess of the prevailing fee schedule Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 13

16 HEALTH & WELLNESS Dental Plans The University of Chicago offers two different types of dental plans: a preferred provider organization (PPO) plan and a copay plan through MetLife. DENTAL PLANS OVERVIEW Regular visits to the dentist may do more than just brighten your smile they can be important to your overall health. Many diseases produce oral signs and symptoms. Both of the University of Chicago dental insurance plans provide coverage for preventive care, basic care, major care, and orthodontia. Choosing and personalizing your benefits depends on your specific dental care needs, budget, and the type of plan you prefer. Under both plans, you are free to visit any licensed dentist you choose. The dental plans offer a large network of contracting providers to choose from when dental care is needed. When a contracting network provider is used, the care is considered in-network, out-of-pocket costs will be less, and the highest level of benefits is received. If a provider outside the network is used, the care is considered out-of-network and coverage is still provided, but the out-of-pocket costs will be significantly higher. USING YOUR DENTAL BENEFIT IS EASY. To find a preferred provider, visit metlife.com or call Reference the PDP Plus network. At your appointment, tell them you have MetLife. There s no ID card necessary. COST OF COVERAGE You pay the full cost for your dental coverage based on: The plan you choose and The coverage level you choose WHICH PLAN IS RIGHT FOR YOU? Although the plans utilize the same provider network, your costs associated with the plans will vary. Use the Dental Plan Comparison Chart to determine which plan suits your dental needs. Copay Plan approximated coinsurance amounts are for comparison purposes. Fee schedules apply to all in-network services. The best dental plan for you depends on a number of factors: What are your anticipated dental expenses for 2015? What can you afford to pay out-of-pocket (in terms of deductibles and copayments) when dental care is needed? Do you have other dental insurance? Monthly MetLife Dental Rates Copay Plan PPO Plan Yourself only $25.28 $45.41 Yourself + spouse or domestic/civil union partner $41.88 $81.35 (without a child/children) Yourself + child/children $48.43 $ (without a spouse or domestic/civil union partner) Yourself + family $66.87 $ (with a spouse or domestic/civil union partner and child/children) 14 The University of Chicago 2015 Benefits Open Enrollment Guide

17 HEALTH & WELLNESS Dental Plan Comparison Chart PLAN FEATURE COPAY PLAN PPO PLAN Inside MetLife Network Out of MetLife Network Inside MetLife Network Out of MetLife Network Choice of Dentist Limited to MetLife Network Any dentist Limited to MetLife Network Any dentist Deductible None Per individual: $75* Per family: Up to $225* Per individual: $60** Annual Maximum The most coverage that the Plan will provide you in one year. You are responsible for all dental costs after you reach your annual maximum benefit. Per individual: $5,000 Per individual: $1,000 Per individual: $1,500 Per family: Up to $3,000 Preventive Care You pay approximately 10%; Plan pays approximately 90% You pay 30%***; Plan pays 70% You pay 0%; Plan pays 100% You pay 0%***; Plan pays 100% One visit in a six month period Two visits per calendar year Basic Care You pay approximately 30%; Plan pays approximately 70% You pay 60%***; Plan pays 40% You pay 20%; Plan pays 80% You pay 20%***; Plan pays 80% Major Care You pay approximately 60%; Plan pays approximately 40% You pay 70%***; Plan pays 30% You pay 50%; Plan pays 50% You pay 50%***; Plan pays 50% Orthodontia (Adult and Child) You pay 60%; Plan pays 40% You pay 60%***; Plan pays 40% You pay 50%; Plan pays 50% You pay 50%***; Plan pays 50% Lifetime maximum per individual: $1,500 Lifetime maximum per individual: $500 Lifetime maximum per individual: $1,000 * Waived for orthodontia ** Waived for preventive care and orthodontia *** You are also responsible for 100% of the charges in excess of the reasonable and customary charge. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 15

18 HEALTH & WELLNESS Vision Plan The University of Chicago offers a separate vision plan, through the Vision Service Plan. VISION PLAN OVERVIEW The University of Chicago s separate vision plan offers comprehensive coverage, including eye exams and discounts on eyewear. With open access to see any eye care provider, you can see the one who is right for you. Eye exams are an important part of overall health care for the entire family. The summary on the next page may help you decide if you need or your family needs a separate vision plan. The Vision Service Plan (VSP) offers a large network of contracting providers to choose from when vision care is needed. When a contracting network provider is used, the care is considered in-network, out-of-pocket costs will be less, and the highest level of benefits is received. If a provider outside the network is used, the care is considered out-of-network and coverage is still provided, but the out-of-pocket costs will be significantly higher. USING YOUR VSP BENEFIT IS EASY. To find a VSP doctor or an affiliate provider, visit vsp.com or call Reference the choice network to find an in-network VSP doctor. At your appointment, tell them you have VSP. There s no ID card necessary. If you would like a card, you can visit vsp.com and print your personalized member vision card. COST OF COVERAGE You pay the full cost for this vision coverage. Your cost is based on the coverage level you choose. Monthly Vision Rates Vision Service Plan Yourself only $7.49 Yourself + spouse or domestic/civil union partner $14.98 (without a child/children) Yourself + child/children $16.44 (without a spouse or domestic/civil union partner) Yourself + family $26.27 (with a spouse or domestic/civil union partner and child/children) 16 The University of Chicago 2015 Benefits Open Enrollment Guide

19 HEALTH & WELLNESS Summary of Vision Benefits Benefit Description Copay Frequency Your Coverage with VSP Doctors and Participating Retail Chains* Well Vision Exam Focuses on your eyes and overall wellness $0 Every calendar year Prescription glasses $25 Frame n $150 allowance for a wide selection of frames n 20% off amount over your allowance Included in Prescription Glasses Every other calendar year Lenses n Single vision, lined bifocal, and lined trifocal lenses n Polycarbonate lenses for dependent children Included in Prescription Glasses Every calendar year Lens options n Standard progressive lenses n Premium progressive lenses n Custom progressive lenses n Average 20% 25% off other lens options $55 $95 $105 $150 $175 Every calendar year Contacts (instead of glasses) n Contact lens exam (fitting and evaluation) n $150 allowance for contacts Up to $60 Copay does not apply Every calendar year Extra savings and discounts Glasses and Sunglasses n 20% off additional glasses and sunglasses, including lens options, from any VSP doctor within 12 months of your last Well Vision Exam Laser Vision Correction n Average 15% off the regular price or 5% off the promotional price; discounts only available from contracted facilities Your Coverage with Other Providers Visit vsp.com for details if you plan to see a provider other than a VSP doctor. Exam Up to $45 Frame Up to $70 Single Vision Lenses Up to $30 Lined Bifocal Lenses Up to $50 Lined Trifocal Lenses Up to $65 Progressive Lenses Up to $50 Contacts Up to $105 * Coverage with a participating retail chain may be different. Visit vsp.com for details. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 17

20 GROUP LIFE, ACCIDENT, LONG TERM DISABILITY & LONG TERM CARE INSURANCE Group Life, Personal Accident, Long-Term Disability, and Long-Term Care Insurance Whether you re just getting started or preparing for what s next in life, someone is depending on you. Adequate protection means your loved ones can pursue their plans and dreams, even if something happens to you. Life Insurance The University of Chicago group life insurance plans provide your family (or beneficiary) with a lump sum payment in the event of death. BASIC LIFE INSURANCE All benefits-eligible employees have a life insurance coverage amount equal to one times their annual salary to a maximum benefit of $50,000. If you are a benefits-eligible employee, your basic life insurance was effective on your date of hire or benefits eligible date. Enrollment was automatic, as long as you were actively at work on that date. The University pays the full cost for this benefit. SUPPLEMENTAL LIFE INSURANCE The University of Chicago offers you the opportunity to purchase additional life insurance protection for yourself. Enrollment is voluntary and you decide how much to purchase. If you are currently enrolled in supplemental life insurance, you have the option of increasing your coverage by 1x your annual base salary, up to $750,000. Evidence of insurability is not required, unless you have previously been denied coverage under the evidence of insurability process. If you are not currently enrolled in supplemental life insurance, you have the option of selecting coverage equal to a multiple of your annual base salary (1x, 2x, 3x, 4x, 5x, 6x, 7x, or 8x), with evidence of insurability to an overall maximum of $1,500,000 (basic and supplemental life combined). Any coverage requiring evidence of insurability will not become effective until approved by Prudential. You will be contacted directly by Prudential through US mail. You, as the employee, pay the full cost of this coverage through after-tax payroll deductions. When you reach age 65, coverage is only available at a reduced percentage of your elected coverage amount. VOLUNTARY SPOUSE, SAME-GENDER DOMESTIC PARTNER (REGISTERED WITH THE UNIVERSITY), OR CIVIL UNION PARTNER LIFE INSURANCE The University of Chicago offers you the opportunity to purchase life insurance protection for your spouse, same-gender domestic partner (who is registered with the University), or civil union partner. Enrollment is voluntary and you decide how much to purchase. You may elect coverage for your spouse, same-gender domestic partner (registered with the University), or civil union partner in $10,000 increments up to $150,000. During the Open Enrollment period, evidence of insurability is required for all coverage elections. Coverage will not become effective until evidence of insurability is approved by Prudential. You will be contacted directly by Prudential through US mail. You, as the employee, pay the full cost for this coverage through after-tax payroll deductions. When your spouse, same-gender domestic partner, or civil union partner reaches age 65, coverage is available at a reduced percentage of the elected coverage amount. VOLUNTARY DEPENDENT CHILD(REN) LIFE INSURANCE The University of Chicago offers you the opportunity to purchase life insurance protection for your child(ren). Enrollment is voluntary and you decide how much to purchase. You may elect coverage for your eligible dependent child(ren) (up to age 26) in $2,000 increments up to $10,000. You may cover one child or multiple children in your family. You will only pay premium based on one level of coverage. So, if you choose the $2,000 level of coverage, you will only pay premium based on $2,000, yet you will have $2,000 worth of life insurance coverage on each eligible child in your family. There is no evidence of insurability required for children. You, as the employee, pay the full cost for this coverage through after-tax payroll deductions. The monthly cost for supplemental and voluntary life insurance is based on the coverage amounts you elect. See page 20 to determine coverage costs. 18 The University of Chicago 2015 Benefits Open Enrollment Guide

21 GROUP LIFE, ACCIDENT, LONG TERM DISABILITY & LONG TERM CARE INSURANCE Personal Accident Insurance The University of Chicago offers personal accident insurance, which provides a benefit that helps protect you and your family from financial hardship if you or a covered family member dies or suffers a serious injury in an accident. You may elect up to $1,000,000 of personal accident insurance for you and your dependents (to a maximum of 10 x your annual salary). Participation is voluntary and you decide how much to purchase. Evidence of insurability is not required. If family coverage is selected, all eligible dependents will be automatically covered by this voluntary personal accident insurance benefit. If both you and your spouse, samegender University-registered domestic partner, or civil union partner are University employees, both of you cannot choose family coverage. You, as the employee, pay the full cost of this coverage through after-tax payroll deductions. The cost for personal accident insurance is based on the coverage amounts you elect. See page 21 to determine coverage costs. Long-Term Disability Insurance The University of Chicago offers long-term disability insurance (LTD), which provides supplemental income to allow you to focus on your recovery when you suffer an illness, injury, or disabling condition that prevents you from working for more than three months. You can choose from the base plan or the optional plan. BASE PLAN Under the Base Plan, you receive 60% of your monthly base salary, up to a maximum monthly benefit of $10,000, less any benefits you receive from other sources, such as Social Security. Under this plan, during the first 24 months, disability is defined as being unable to perform the material and substantial duties of your regular occupation or having a 20% or more loss in your monthly earnings, and being under the regular care of a doctor. After 24 months, disability is defined as being unable to perform the duties of any gainful occupation for which you are reasonably fitted by education, training, or experience, and being under the regular care of a doctor. OPTIONAL PLAN Under the Optional Plan, you receive 60% of your monthly base salary, up to a maximum monthly benefit of $20,000, less any benefits you receive from other sources, such as Social Security. Under this plan, disability is defined as being unable to perform the material and substantial duties of your regular occupation or having a 20% or more loss in your monthly earnings, and being under the regular care of a doctor. This plan also provides an annual 5% cost of living adjustment. Evidence of insurability is required for participation in the Optional Plan. You will be contacted by Prudential, through US mail. Coverage will become effective on the date approved by Prudential. The monthly cost for long-term disability coverage is based on your salary and the plan you elect. See page 22 to determine coverage costs. Long-Term Care Insurance The University of Chicago offers long-term care (LTC) insurance to provide support when needed due to a long-term illness, recovery from an accident or illness, or advanced aging. LTC support can include help getting dressed, eating, bathing, or selfadministering medication. Skilled, intermediate, and custodial care in your home, an adult day care center, an assisted living facility, or a nursing home can be covered. LTC insurance will provide coverage for services when they are required for an extended period of time and are not associated with acute care or shortterm illness. All benefits-eligible employees actively at work are eligible to apply. Also eligible are the employee s spouse, same-gender domestic partner (registered with the University), or civil union partner and adult children between the ages of 18 and 79 years. All applicants must maintain a permanent United States residence. Enrollment is voluntary and you decide how much to purchase. Evidence of insurability is required for all coverage elections. Coverage will not become effective until evidence of insurability is approved by Genworth. You will be contacted directly by Genworth. The cost for long-term care insurance is based on your age and the coverage amounts you select. If you would like to enroll, you will need to contact Genworth at or visit genworth.com/groupltc and enter group id: UChicago and code: groupltc. Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 19

22 GROUP LIFE, ACCIDENT, LONG TERM DISABILITY & LONG TERM CARE INSURANCE Supplemental and Voluntary Life Insurance Rates When it comes to life insurance, many families are underinsured. It can be difficult to know how much protection is needed in the event of an unexpected death. The Prudential Easy-to-Use Life Insurance Needs Estimator can help you estimate how much life insurance makes sense for your current situation. It s faster and simpler than other similar tools you may have tried. It considers income, assets, mortgage or rent, and everyday expenses such as college tuition. To get started, visit prudential.com/ezlifeneeds. Just answer six questions and click Continue to get an estimate of your current life insurance needs. How to Calculate Your Monthly Rate for Supplemental Life Step One Take your annual salary and round it up to the next $1,000. Example Sue is 38 and her annual salary is $34,482. Sue rounds that figure up to $35,000. Step Two Elect the level of coverage that you want. Sue wants to elect three times her annual salary. Step Three Multiply annual salary times the coverage that you elect. 3 X $35,000 = $105,000 Step Four Divide the result in Step Three by $1,000. $105,000 $1,000 = 105 Step Five Multiply the result in Step Four by the applicable rate per $1, X $0.034 = $3.57 per month Employee Spouse, Same-Gender Domestic Partner (Registered with the University), or Civil Union Partner Child(ren) Monthly Cost Monthly Cost Your Age per $1,000 of Age per $1,000 of Age Coverage Coverage Monthly Factor per $2,000 of Coverage Under 35 $0.027 Under 35 $0.027 All Eligible $ $ $0.034 Children $ $ $ $ $ $ $ $ $ $ * $ * $ * $ * $ and over* $ and over* $1.506 * Reduction in coverage applies. 20 The University of Chicago 2015 Benefits Open Enrollment Guide

23 GROUP LIFE, ACCIDENT, LONG TERM DISABILITY & LONG TERM CARE INSURANCE Personal Accident Insurance Rates How to Calculate Your Monthly Rate for Personal Accident Insurance Step One Choose the amount of coverage you want. Example Jane wants to know what it would cost if she chooses coverage equal to $80,000 for herself only or for herself and family. Step Two Divide the amount of your total coverage (your principal amount) by $10,000. $80,000 $10,000 = 8 Step Three Multiply the result by the appropriate rate: n $0.14 if you have coverage for yourself only n $0.23 if you have coverage for yourself and your family This gives you your monthly contribution rate. 8 x $0.14 = $1.12 Jane will pay $1.12 per month for coverage for herself. or 8 x $0.23 = $1.84 Jane will pay $1.84 per month for family coverage. The table below shows some examples of monthly Personal Accident Insurance contribution rates for various coverage levels: Principal Amount Cost of Individual Coverage Cost of Family Coverage (Yourself Only) (Yourself and Your Family) $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $0.70 $1.40 $2.10 $2.80 $3.50 $4.20 $4.90 $5.60 $6.30 $7.00 $1.15 $2.30 $3.45 $4.60 $5.75 $6.90 $8.05 $9.20 $10.35 $11.50 Questions? Contact Human Resources at benefits@uchicago.edu humanresources.uchicago.edu 21

24 GROUP LIFE, ACCIDENT, LONG TERM DISABILITY & LONG TERM CARE INSURANCE Long-Term Disability Insurance Rates How to Calculate Your Monthly Rate Step One Subtract the amount of coverage that the University pays ($14,000 for full-time employees and $7,000 for part-time employees) from your annual salary. Example Jane Smith, a full-time employee, earns $25,840 per year. Here is how she calculates her contribution rate if she is choosing the: Base Plan: $25,840 $14,000 = $11,840 Optional Plan: $25,840 $14,000 = $11,840 Step Two Multiply the result by the appropriate factor: n if you have elected coverage under the Base Plan. n if you have elected coverage under the Optional Plan. Base Plan $11,840 x = $ Optional Plan $11,840 x = $ Step Three Divide the result by 12. This gives you your monthly LTD contribution rate. Base Plan $ = $2.03 Optional Plan $ = $3.24 The table below shows some examples of monthly LTD contribution rates for various salaries (based on full-time employment): Annual Salary Base Plan Optional Plan $20,000 $25,000 $35,000 $50,000 $75,000 $100,000 $1.03 $1.89 $3.60 $6.18 $10.47 $14.76 $1.64 $3.01 $5.74 $9.84 $16.67 $ The University of Chicago 2015 Benefits Open Enrollment Guide

25 FLEXIBLE SPENDING ACCOUNTS & COMMUTER BENEFITS Questions? Contact Human Resources at humanresources.uchicago.edu 23