benefits orientation. all benefits paperwork must be submitted within 31 days of your date of hire
TRANSCRIPT
Benefits Orientation
All Benefits paperwork
must be submitted within
31 days of your DATE of
HIRE
Benefits Effective Dates and Premium Deduction Initiation
Both the State Health Insurance and the State Term Life Insurance
begin with your date of hire
All other benefit plans go into effect on the first of the month following
30 days of employment
State Health Insurance and the State Term Life Insurance premiums
are deducted a month in advance; therefore, any catch-up of
deductions will be taken out of your first (few) check(s) for
these benefits
For all remaining benefit plans benefit deductions initiate the month in
which coverage begins; ex) February coverage is paid for in February
Premiums are deducted from 24 of 26 bi-weekly pay periods
Leave Time
As UMMC employees, we accrue both Paid Personal and Medical
Leave, with no maximum limits imposed, based upon our hours
worked. For a breakdown of leave time accruals you may view
the Faculty and Staff Handbook located on the UMMC Intranet.
Full time employees have 10 paid holidays.
One of these is a floating holiday that runs on a fiscal year
basis; this holiday does not carry over from one fiscal year to
the next.
No leave time can be used prior to the completion of a
90 day orientation period with the exception of
bereavement (Medical time)
Section 125 Plan and Pre-tax Savings
Pre-taxing insurance premiums qualifies us as
participants in the Section 125, or Cafeteria Plan.
Pre-taxing is a benefit to you!
UMMC employees are able to SAVE 25% or more in
taxes by pre-taxing certain “qualified” contributions!
Qualifying Events
Participation in the Section 125 Plan limit our ability to modify
pre-tax benefit elections outside of open enrollment unless the
plan participant has a life status change, or a qualifying event.
Qualifying events are: birth, death, marriage, divorce,
adoption, a non-US citizen entering the US, loss of coverage
from a group plan or gaining coverage on another group plan.
State Health Insurance – Select Plan
LEGACY EMPLOYEE
First eligible for State’s Health Plan prior
to 1/1/06
HORIZON EMPLOYEE
First eligible for State’s Health Plan on or
after 1/1/06
Medical Insurance
*Catamaran is prescription carrier for the State Health Insurance Plan. For both
the Select and Base plans, once the deductible is met, Catamaran provides a 90-
day supply for the cost of a 60-day supply via mail order.*
What can the recent shift to BlueCard do for you . . .
Prior to January 1, 2014 any services rendered outside of Mississippi were considered to be out-of-network.
As a result of the shift to BlueCard, any services rendered by physicians accepting Blue Cross Blue Shield will be in-network.
This is a positive change and can significantly impact those of us with dependents living out of state or those requiring care outside of the state.
Medical Insurance
*Pharmacy co-pays apply after annual deductible has been met; prior to that you
will be paying full price for all prescriptions.
*Catamaran is prescription carrier for the State Health Insurance Plan. For both
the Select and Base plans, once the deductible is met, Catamaran provides a 90-
day supply for the cost of a 60-day supply via mail order.*
Adult Wellness Coverage for both Select and Base Plans
Benefits will be provided at 100% of the allowable charge for up to two (2) office visits and certain diagnostic tests (based on participant’s age and gender).
No dollar cap on Wellness Benefit for each plan year.
Services must be rendered by In-Network providers.
Services are NOT subject to calendar year deductibles.
Covered wellness/preventive tests are available at : http://knowyourbenefits.dfa.state.ms.us
Well Child Care for both Select and Base Plans
Covers children from birth up to the age of 18.
No dollar cap on Wellness Benefit for each plan year.
Services must be rendered by In-Network providers.
Services are NOT subject to calendar year deductibles
‐ Well-newborn nursery care -100%
‐ Well-child physician office visits - 100%
‐ Specified routine tests - 100%
‐ Childhood routine immunizations - 100%
Dental Insurance – AlwaysCare
Vision Insurance – AlwaysCare
Flexible Benefits Plans
Medical Reimbursement: Medical Reimbursement – Claims must be incurred prior
to March 15, of the following plan year, and must be submitted by April 15th, 2015.
o Flex card is available
o Must submit proof of eligible charges for claims to be covered
o Maximum Contribution $2,500 per individual
Dependent Reimbursement:
• Dependent Reimbursement – Claims must be incurred in the 2014 plan year
and submitted by April 15th, 2015 – eligible day care and adult care expenses
only.
o All claims submitted with claim form
o Maximum Contribution $5,000
Life Insurance and Disability
State Group Term Life – Minnesota Life
Supplemental Term Life – UNUM
Whole Life – UNUM
Short Term Disability – UNUM
Long Term Disability – UNUM
Supplemental Term Life Insurance
• 1x your annual income is available on a guarantee issue basis even if you have never
elected coverage before (up to $150,000). Please note: If you have been denied
coverage in the past, you are not eligible for this guarantee issue amount
• Rates increase with your increase in age on the plan January 1 anniversary date (5 year
age bands)
• For existing participants, you may qualify for additional coverage up to the guarantee
issue amount
• Pays a lump sum benefit based on the type of injury sustained or
type of treatment provided including broken bones, burns, torn
ligaments, concussion, eye injuries, ruptured discs, and cuts
• Covers off the job accidents
• Issue to age 69, Spouses Age 64
• Guaranteed renewable for life
• Coverage available for employee plus spouse and/or dependent
child
• Effective date of coverage is date of application
• $60 Wellness benefit per coverage person per 12 months (12
month wait)
PLAN SUMMARY
UNDERWRITING• Guarantee issue coverage is available — no health questions
EMPLOYEE SERVICE• Claim decisions will be made within five days of receipt of
all forms
• Toll-free number for claimants and employees
Accident Insurance
Critical Illness Insurance• Specified critical illness insurance offers a lump sum benefit payment upon diagnosis of a covered
critical illness that can be used however you choose; a benefit amount from $5,000 to $30,000
• Guarantee issue coverage:
• Employee: $30,000
• Spouse: 50% of employee election up to $15,000
• Child: Automatically covered up to 25% of employee coverage election
• Wellness Benefit: $50 annually per covered employee and spouse
PERCENTAGE PAID OF BENEFIT AMOUNT
Heart Attack 100%
Stroke 100%
Invasive Cancer* 100%
End Stage Renal (Kidney) Failure
100%
Transplant of a Major Organ 100%
Occupational HIV 100%
Open Heart Surgery (including Bypass)
100%
Paralysis, Burns, and Coma 100%
Loss of sight, speech, or hearing
100%
Carcinoma in Situ 25%
Invasive Heart Procedure 10%
Retirement Benefits – PERS
Public Employees Retirement System of Mississippi (PERS)
All benefits eligible UMMC employees are required to
participate in the plan.
Employee Contributes 9% of Gross salary
Employer Contributes 15.75% of Gross salary
8 year Vesting Schedule for all new participants
Retirement available at age 60 or any age with 30 years of
service
Guaranteed Lifetime Benefits
Disability Retirement once Vested
Retirement Options
• 457 Deferred Compensation
• 403(b) Tax Sheltered Annuity
• 2014 Maximum Contribution is $17,500
• Additional $5,500 “catch-up” provision for those
over age 50
Lifesynch – Employee Assistance Program (EAP)
You can also go online to access tools and resources needed to
address life’s challenges:
www.lifesynch.com/EAP
• Major life events• Health issues• Relationships• Financial issues
• Legal issues• Substance abuse problems• Work issues
Other Benefits
• MACS: Mississippi Affordable College Savings Program
• Burial Insurance
• Credit Union on Campus
• Quick Care Clinic for Employees and Families
• VIP Employee Program
• University Cafeteria Discount