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October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Page 1: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

October 22 – November 6, 2009

MIAMI DADE COLLEGE

2010 BENEFITS

OPEN ENROLLMENT

Page 2: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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What is open enrollment? New benefit elections are effective from January

1st through December 31, 2010

Add or Change your benefits:

• Health

• Dental

• Term Life• Flexible benefits

(yearly renewal)

• Disability

• Group Legal

• Long Term Care

• Sick Leave Pool

• Metro Rail

• Tax Shelter Annuity

Page 3: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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ENROLLMENT Changes outside the plan year are not allowed unless

you experience a qualifying change in family status such as:• Marriage, divorce, legal separation, or termination of

domestic partnership*• Birth or Adoption of a child*• Death of a spouse, domestic partner or child*• Your spouse gaining or losing access to health

coverage*• Change in dependent eligibility*• Significant changes in your spouse’s health coverage

due to his/her employment**(Enrollment forms with required proof must be submitted to HR within 31 days of

qualifying event date)

ENROLLMENT

Page 4: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Aetna Healthcare√ Health Maintenance Organization

(HMO)√ Point of Service

(POS)

There are several benefit changes that will take effect January 1, 2010. Those changes are documented in the next few slides

Health Care Coverage

Page 5: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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AETNA HMO & POS

For additional information, please visit http://www.mdc.edu/hr/Benefits/Aetna/default.asp

• Open access

• No referrals needed

• Extensive Network

• Vision: In network only

• Prescriptions: $10/$35/$60

Page 6: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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HMO

• In network coverage only

• $25 PCP/ $45 Specialist

POS

•In & out of network coverage

•$30 PCP/ $50 Specialist

•Deductible for out of network

$1,000 single

$2,000 family

AETNA HMO & POS COMPARISON / DIFFERENCES

Page 7: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Health Care Rates - AETNA HMO Coverage Premium

EmployerContribution

EmployeeContribution

(Month)

*EmployeeContribution(Pay Period)

Employee $583.88 $ 583.88 $0.00 $0.00

Employee & Spouse $1,081.91 $ 583.88 $498.03 $249.02

Employee & Child(ren) $1,006.63 $ 583.88 $422.75 $211.38Employee Spouse &

Child(ren) $1,244.06 $ 583.88 $660.18 $330.09

DUAL $1,167.76 $1,167.76 $76.30 $38.15

POS Coverage

Employee $837.17 $ 583.88 $253.29 $126.65

Employee & Spouse $1,552.42 $ 583.88 $968.54 $484.27

Employee & Child(ren) $1,444.30 $ 583.88 $860.42 $430.21Employee Spouse &

Child(ren) $1,785.30 $ 583.88 $1,201.42 $600.71

Dual $1,167.76 $1,167.76 $617.54 $388.77

Page 8: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Humana Dental Health Maintenance Organization

(DHMO)

Dental Preferred Provider Organization (DPPO)

Current dental coverage with Cigna will not be implemented for Humana. You must elect a plan

during open enrollment.

Dental Coverage

Page 9: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Humana Dental Coverage – DHMO

• No deductibles

• Co-payments apply

• Coverage of most preventive services

• Dentist assigned

• Referrals required

Page 10: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Humana Dental Coverage – DPPO

• No referrals needed

• In and out of network coverage

• Deductibles:• $ 50 single • $150 family

• $1,500 benefit maximum per calendar year/ per person

Page 11: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Dental Care Rates - Humana

* Paid on a pre-tax basis.

DHMO MonthlyPer Pay Period RETIREE    

Employee $14.41 0.00 $14.41    

Family $16.36 $8.18 $30.77    

DUAL $1.95 $0.97      

           

DPPO Monthly MDC Pays DifferencePer Pay Period* RETIREE

Employee $32.22 $14.41 $17.81 $8.91 $32.22

Family $68.48     $34.24 $68.48

DUAL $54.07     $27.04  

Page 12: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Term Life InsuranceLINCOLN FINANCIAL

• College portion : Face value : 1x base salary AD &D : 2 x base salary Employee must name beneficiary

• Employee Optional: Face Value: additional 1x base salary AD & D: additional 2 x base salary

• Premiums are based on age rate schedule• Age reduction applies starting at age 60• Underwriting required, coverage effective upon

approval

Page 13: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Dependent Life InsuranceLINCOLN FINANCIAL

• Face Value: – Spouse

• $15,000• up to age 65

– Dependent: • $7,500, 6 months to age 25 or married• $500, 14 days-6 months

• Rate: $3.50 per month /$1.75 per check

• Voluntary program

Page 14: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Disability Insurance - ASSURANT

• Income protection program

• Employee elects monthly benefit amount

• No underwriting required

• 6 plans offered– Elimination period: 14, 30 or 60 days– Benefit duration: up to 5 years or retirement

age

• Election maximum, 66 2/3 of salary

• Voluntary program

Page 15: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Health & Dependent Care Reimbursement Accounts (AMERIFLEX)• Employee elects pre-tax amount for health care

(not covered by insurance) and dependent care expenses Healthcare amount can be used up front

• Amount divided in 24 deductions • Expenses incurred 1/1/09 – 3/15/10• Maximum contribution: $5,000/year• Renewal every year• Use it or lose it benefit

Page 16: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Examples of reimbursable items:

HEALTH SERVICES:

• Ambulance• Chiropractic• Emergency Room• Eye exam/eye glasses• Hospital admission• Injections and Insulin treatments• Pre-natal and post-natal treatments• Physician / Specialist co-pays• Psychotherapy• Sterilization• Urgent Care• Vasectomy• X-ray treatments

Health & Dependent Care Reimbursement Accounts (AMERIFLEX)– cont’d

• Drugs including Over the Counter (OTC) medications• Contact lenses• Blood tests• Cardiographs• Metabolism tests• Vaccines• X-ray examinations

DENTAL SERVICES• Cleaning of teeth, • Dental x-rays, • Filling of teeth• Extraction of teeth, gum treatments• Oral surgery

Page 17: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Group Legal Insurance - ARAG

• Access to attorneys and/or preventive legal care

• Monthly Rates: $16.30 single $21.03 family

• Premiums paid one month in advance

• Voluntary coverage

Page 18: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Long Term Care Insurance -CNA

• Covers benefit for: Home care Assisted living And nursing home care

• May cover: Employee Dependents Parents and parents-in-law Grandparents

• Premiums determined based on benefit selected

Page 19: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Metro/Tri-Rail Pass • Discounted rate through payroll deductions

• Paid one month in advance

• Paid with pre-tax dollars (changes can only be made during open

enrollment)

• Tri-rail available at a 25% discount rate

Page 20: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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Tax Shelter Annuity (TSA) / 403(b)

• Defer taxes of income up to $16,500 in 2010• Additional $5,500 for employees over 50• Changes are permitted every quarter • Semi-monthly deductions• Consult with financial advisor for special 15

year service catch up provision eligibility• Voluntary benefit• Employee must submit form to take

advantage of new limits

Page 21: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

Benefit: 30 sick days available • Must exhaust all paid leave time • Must provide proof of illness

Eligibility:• 1 year of full time continuous employment• Available balance : 10 sick days (by 10/31/09)

• Donation upon entry : 5 sick days• Participating members : 1 sick day donation

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SICK LEAVE POOL

Page 22: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

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For Questions: • www.mdc.edu • “Get Help” • “AskHR”

Benefits Website: http://www.mdc.edu/hr/Benefits/default.asp

Benefits contact: EMAIL: [email protected]: (305) 237-2010

ADDITIONAL INFORMATION

START YOUR OPEN ENROLLMENT ELECTION HERE!

Click on this link: http://benefitsenrollment.mdc.edu

Page 23: October 22 – November 6, 2009 MIAMI DADE COLLEGE 2010 BENEFITS OPEN ENROLLMENT

THANK YOU