Benefits Walk-In PC-411. Fall Schedule: Questions? Benefits Administration at 11AM - 2:30PM

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1 Benefits Walk-In Sessions Fall PC-411 Thursday Thursday Tuesday Friday Thursday 11AM - 2:30PM 11AM - 2:30PM 11AM - 2:30PM 11AM - 2:30PM 11AM - 2:30PM Questions? Benefits Administration at benefits@fiu.edu

2 FIU Benefits Enrollment Deadline: 90 Calendar Days From Hire Date Contact Information: FIU DHR State of Florida - People First State Benefits Plans Enrollment Deadline: 60 Calendar days From Hire Date Contact Information:

3 When can I enroll? New Hire 60 calendar days from hire date Qualifying Status Change Event (QSC) Annual Open Enrollment (Fall) No changes can be made once enrollment elections have been completed!

4 Benefit Premiums Premiums are paid a month in advance Biweekly payroll deductions (pre-tax) Coverage start date depends on when you enroll Health Insurance plan effective the 1 st day of month after enrollment direct payment may be required Supplemental plans effective 1 st day of 2 nd month after enrollment

5 Eligible Dependents Legal Spouse Child (up to age 26) Over-age Dependent (up to age 30) Legal Guardianship Disabled Child Date of Birth Social Security Number All dependents must be certified before completing enrollment

6 Health Insurance Plan Options Standard HMO Standard PPO High Deductible HMO High Deductible PPO Network only In or Out of Network Network Only In or Out of Network No Deductible Deductible $250 Individual $500 Family Deductible $1300 Individual $2600 Family Deductible $1300 Individual $2600 Family Copayment $20 PCP $40 Specialists Copayment $15 PCP $25 Specialists Copayment 20%* Copayment 20%* Verify provider network before electing a plan

7 Health Insurance Premiums* *Rates based on 30 hours or more PT employees verify with Benefits Department Standard Plan Individual $50/month Family $180/month High Deductible Plan Individual $15/month Family $64.30 /month Eligible for Health Savings Account (HSA) with State Contributions of: Up to $500/year (Individual) Up to $1000/year (Family) Under High Deductible plans, you are responsible for 100% of medical bills and prescription costs until annual deductible has been met. Spouse Program Discount If you and your spouse are both State employees, you can participate in the Spouse Program at a shared premium of $30.00 a month.

8 Health Insurance Marketplace Patient Protection Affordable Care Act Health care law requires most U.S. citizens to have health insurance coverage as of January 1, 2014; or potentially pay a tax penalty for noncompliance Health Exchange Options HealthCare.gov One stop shop to find quality health coverage Through the Marketplace website, you can purchase private health insurance Health Insurance Design No pre-existing condition exclusions, regardless of age No annual dollar limit on essential health benefits Preventative Health Services at no cost Extension of coverage to adult children Employer Mandate People First: Employers are required to offer affordable coverage that meets minimum standards to full-time employees (averaging 30 or more hours per week) Employer On Record: State of Florida, Division of State Group Insurance

9 Prescription Drug Plan Type of Medication Standard HMOs and Standard PPO** (in network) Retail (up to a 30- day Supply) Mail Order Program (up to a 90-day Supply) High Deductible HMO and PPO ** (in network) Retail and Mail Order* Generic $7 $14 30% Preferred Brand-Name $30 $60 30% Non-preferred Brand- Name $50 $100 50% Standard PPO ** & High Deductible Health Plan (out of network) Retail and Mail Order* Pay in full and file a claim Separate Prescription ID Card Walgreens is not a participating Pharmacy

10 Tax-Favored Accounts Pre-Tax through Payroll Deductions One Benny card for all plans Healthcare FSA Dependent Care FSA *Limited Purpose FSA *Health Savings Account (HSA) Employee Contribution Limits Deadline to Use Funds Payments $60 Minimum/Annual $2,600 Maximum/Annual $60 Minimum/Annual $5,000 Maximum/Annual $60 Minimum/Annual $2,600 Maximum/Annual Funds must be used by March 15 of the next plan year. Claims must be submitted by April 15 of the next plan year. Any unused or unclaimed money will be lost to the State. Benny prepaid benefits card $3,400/Annual Individual $6,750/Annual Family HSA is like savings account Balance rolls over Take the money if you leave state employment *To participate in the Health Savings Account and/or Limited Purpose FSA, you would need to elect a High Deductible Health plan.

11 Dental Plans Prepaid/ HMO In-network care only No deductible Copayments No calendar year max. PPO In/Out of network Deductible and Annual Max apply Indemnity In/Out of network Deductible and Annual Max apply Verify provider network before electing a plan

12 Vision Plan Eye-exam once every 12 months Lenses once every 12 months* Frames once every 24 months In and out network coverage *Coverage applies to choice of lenses or contact lens (only one)

13 Life Insurance Basic Life Insurance Automatically enrolled (FT Employees) Paid by employer (FT Employees) Coverage of $25,000 Optional Life Insurance Paid by employee (Post Tax) 1 to 7 times annual salary, maximum benefit of $1,000,000 Rates based on age and salary Medical Underwriting may be required Dependent Life Insurance Paid by employee (Post Tax) Spouse Life Child Life Complete Beneficiary Designation Form & Mail/Fax to Securian

14 How to Enroll peoplefirst.myflorida.com People First ID Default password: Pf + Birth date (PfMMDDYY) FIU Benefits Team benefits@fiu.edu PC Your People First ID is different from your FIU Panther ID (866) Mon - Fri 8:00 a.m. - 6:00 p.m.

15 FIU Voluntary Plans Long Term Disability Long Term Care Life Insurance Auto Insurance Discount Veterinary Discount Plan Pet Insurance

16 Workers Compensation To Do: Report to Supervisor Complete Injury Report Online In case of Medical Emergency: For emergency transportation CALL Public Safety at (305) Go to the nearest emergency room Workers Compensation Assistant: Mary Cruz On-the-job injuries MUST be reported IMMEDIATELY AmeriSys: Emergency Contact:

17 Leaves of Absence Family Medical Leave of Absence (FMLA) Job-protected medical leave of absence: Serious health condition of employee Birth or adoption of a child Care for a spouse or a child with a serious health condition Fill out leave request form if out for more than 3 days Leave of Absence Medical (Non-FMLA) Professional Development Military leave Personal Leave without Pay Continuation of Salary Sick Leave Pool o o o o Employee's own illness - up to 480 hours Enrollment after 6 months of employment Initial donation of 8 hours/4 hours PT employees) Annual donation of 4 hours/2 hours for PT employees Catastrophic Pool o Donations from Department - up to 480 hours

18 Tuition Waiver Program Who s eligible? Full Time Employees Dependent Child (up to age 25) Spouse Per Semester: Employee: 6 credits Dependent: 4 credits If employee does not use credits, dependent may use up to 10 credits Online Enrollment through: my.fiu.edu>self-service Further Information: Edward Leao HR Service Center Manager

19 State Retirement Plans State Retirement - Mandatory Contribution 3% Optional Retirement Plan Five (5) Providers to chose from AXA, MetLife, TIAA-CREF, VALIC, VOYA Florida Retirement System 1. FRS Investment Plan 2. FRS Pension Plan For more information please visit hr.fiu.edu 19

20 Retirement Enrollment SUSORP (Admin/Faculty) Contact Vendor ORP Enroll form 90 day deadline FRS Investment (All employees) FRS Form (ELE-1) mailed to home address FRS Retirement Plan Enrollment Online Form 180 day deadline FRS Pension (All employees) Default plan FRS Form (ELE-1) FRS Retirement Plan Enrollment Online Form

21 Voluntary Retirement Contribution plans: Tax Sheltered Annuity 403(b) Reduce taxable income Subject to yearly contribution limits: $18,000, if under age 50 $24,000, if age 50+ Voluntary ORP contributions count toward limit Choose from the following providers: Axa Fidelity Metlife T-Rowe Price TIAA Valic Vanguard Voya/Jefferson Contributions can be changed at any time

22 Voluntary Retirement Contribution plans: Deferred Compensation 457 Administered by the State of Florida Subject to yearly contribution limits: $18,000, if under age 50 $24,000, if age 50+ Separate limit from 403(b) To contact the Bureau of Deferred Compensation, call (850) or visit

23 Employee Perks & Services On Campus Services Retail Discounts Restaurants Hotel & Travel Entertainment Tickets Financial Planning Auto & Pet Insurance Cellphone Plan Discount Housing & Mortgage Services Visit hr.fiu.edu/benefits to discover more perks!

24 Benefits Deadlines State Benefits 60days Retirement & FIU Benefits 90days

25 Benefit Resources FIU s Division of Human Resources hr.fiu.edu State of Florida Benefits Guide People First FIU Benefits Mybenefits.myflorida.com Plans description Cost estimators

26 Benefits Contacts State of Florida People First Contact Information: peoplefirst.myflorida.com Florida Retirement System Contact Information: MyFRS.com FIU HR Benefits Administration Contact Information: