Employee Benefits 2015 Open Enrollment Monday, April 27 Friday, May 15
Do I need to do anything?
Re-enroll if you need to Add, cancel, or change your health, dental, or vision plan. Add or remove a spouse, sponsored dependent, or dependent child from any of your plans. Contribute to a Flexible Spending Account. Add or change the amount of life insurance or AD&D coverage you have. Enroll in Short Term Disability - or if you are currently enrolled in Short Term Disability AND your pay rate has changed. 3
Don t Forget to Roll Over FSA $ You are able roll over up to $500 from your Health Care FSA left unused to the following plan year. You have until June 30, 2015 to incur claims for FY 2014-15 and you can file claims through 12/31/15. Any remaining funds, up to $500, from 2014-15 plan year, may be rolled over and be available in the 2015-16 plan year. Any remaining funds as of June 30, 2016, up to $500 may be rolled into the 2016-17 plan year. 4
Any need-to-know updates? Effective July 1, 2015 to June 30, 2016
Health Premiums Remain Below Average UK will absorb the majority of the cost increase seen in premiums. The University of Kentucky is contributing an additional $1.3M to cover the increased cost for FY 2015-16. Health plan premiums will increase 1.2% overall and employees who receive the health credit will see a $1-$5 increase per month for UK-HMO, UK-PPO and UK-RHP plans. UK EPO premiums will increase between $3-$9 per month. 6
RHP Expands Provider Network Provider regions have been expanded, increasing your options when choosing a doctor. RHP provider network in Region A includes all the eligible counties in the eastern half of the state. Region B will include all RHP eligible counties in the western half of the state (includes Louisville area providers). 7
What will stay the same? RHP Provider Networks A & B Expanded 8 Both Region A and Region B will continue to have access to UK Healthcare facilities including Chandler and Good Samaritan Hospitals.
Prescription Plan Updates New out-of-pocket maximum for the coinsurance to comply with Health Care Reform: $3,850 New specialty tiers added to provide maximum copayment per prescription. 9
Prescription Benefit Rates: 2015-16 Participant Costs Minimum % Maximum Generic Retail (1-34 day) $ 8 20% $ 50 Mail (35-90 day) $ 24 10% $100 Brand Preferred Retail (1-34 day) $ 20 40% $ 60 Mail (35-90 day) $ 60 30% $120 Non-formulary Retail (1-34 day) $ 40 50% No Max Mail (35-90 day) $120 40% No Max Specialty Generic (1-30 day) $ 8 20% $ 50 Brand (1-30 day) $100 N/A $100 10
New Vision Plan Option: Enhanced A new Enhanced vision plan will be available in addition to the current Essential plan for employees who want a more robust vision option. 11
What are the new rates? Effective July 1, 2015 to June 30, 2016
Health Plan Rates: 2015-16 Health Plan Coverage Level Monthly Rate UK Health Credit for Eligible Employees Monthly Cost for Health Credit Eligible Employees UK-HMO (LSA) Employee Only Employee + Child(ren) $ 499 $ 747 $471 $613 $ 28 $134 Employee + Spouse $ 996 $735 $261 Employee + Family $1,247 $862 $385 UK-RHP Employee Only $ 499 $471 $ 28 Employee + Child(ren) $ 747 $613 $134 Employee + Spouse $ 996 $735 $261 Employee + Family $1,247 $862 $385 13
Health Plan Rates: 2015-16 Health Plan Coverage Level Monthly Rate UK Health Credit for Eligible Employees Monthly Cost for Health Credit Eligible Employees UK-EPO Employee Only $ 635 $471 $164 Employee + Child(ren) $ 952 $613 $339 Employee + Spouse $ 1,271 $735 $536 Employee + Family $ 1,589 $862 $727 UK-PPO Employee Only $ 499 $471 $ 28 Employee + Child(ren) $ 747 $613 $134 Employee + Spouse $ 996 $735 $261 Employee + Family $1,247 $862 $385 14
Dental Rates: 2015-16 Dental Plan Coverage Level Monthly Rate UK Dental Basic Employee Only Employee + Child(ren) Employee + Spouse Employee + Family $ 11.10 $ 35.00 $ 22.00 $ 49.70 UK Dental Comprehensive Employee Only Employee + Child(ren) Employee + Spouse Employee + Family $ 24.60 $ 50.30 $ 50.30 $ 80.00 15
Dental Rates: 2015-16 Dental Plan Coverage Level Monthly Rate Delta Dental Basic No rate change! Employee Only Employee + Child(ren) Employee + Spouse Employee + Family $ 24.40 $ 46.30 $ 51.90 $ 76.30 Delta Dental Enhanced No rate change! Employee Only Employee + Child(ren) Employee + Spouse Employee + Family $ 33.00 $ 69.80 $ 72.80 $113.50 16
Vision Rates: 2015-16 Essential Plan No rate change! Employee Only Employee + Child(ren) Employee + Spouse Employee + Family Monthly Rate $ 8.60 $15.30 $16.10 $21.60 Enhanced Plan Employee Only Employee + Child(ren) Employee + Spouse Employee + Family $21.50 $38.10 $40.10 $53.80 17
Health & Wellness Program Brand new employee-dedicated fitness facility Over 20 group fitness classes a week free one-on-one support with nutrition, tobacco and exercise experts free health coaching weekly weight loss support classes free events and presentations on-campus (and online) to promote healthful living (859)-257-9355 or healthandwellness@email.uky.edu 18
UK LiveWell Check In $100 UK health plan rebate for participation UK Health & Wellness health screening campaign to know your numbers and goals More relevant and meaningful to the individual one on one attention Over 6000 employees participated so far 2014-15 $100 rebate opportunity ends June 30, 2015 19
Flexible Spending Account Prepaid Card Cards will be mailed to you automatically from ConnectYourCare if you are a new participant. Quick access to health care flexible spending funds. Present the card as a credit card for doctor office copayments, prescription and other eligible expenses. Keep your receipts some purchases require follow-up (KY Clinic Pharmacy, some medical and dental). If you purchase prescriptions using your Express Scripts coverage, the expenses will be automatically processed. 20
Shared Leave Staff shared leave eligibility (0.5 FTE or greater) Benefits employees who exhaust accrued paid leave to care for a spouse, sponsored-dependent or child. Staff donation period: May 1 st June 30 th (Healthcare has through September 30) Donate through online form on Employee Relations web site 21
Financial Counseling Financial Counseling is a free voluntary counseling and referral service for UK employees (regular,.5 FTE or greater). Intended to help employees gain control of their finances. Up to four sessions are available per fiscal year. Sessions generally last approximately 1 hour. Appointments may be scheduled Monday through Friday by calling Mike Pelfrey at 859-257-9487 22
CRISIS 23 This program provides temporary financial assistance in the form of a one-time payment of up to five hundred dollars to University of Kentucky staff members who are experiencing personal hardship. Donate at http://www.uky.edu/development/ difference/payrollform2010.pdf All donations are now taxdeductible and payroll deductions are available. Administered by UK Staff Senate
Remember the key takeaways Benefits Open Enrollment Dates Monday, April 27 th through Friday, May 15 th. *Drop box available for forms outside Scovell Hall side entrance. The UK health plans will have a small premium increase. A new EyeMed plan will be offered in addition to the existing plan to provide a higher level of vision coverage. Following ACA requirements, prescription plan annual out-of-pocket maximum will be added. 24