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October 22 – November 6, 2009
MIAMI DADE COLLEGE
2010 BENEFITS
OPEN ENROLLMENT
2
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
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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
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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
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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
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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
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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
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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
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Humana Dental Coverage – DHMO
• No deductibles
• Co-payments apply
• Coverage of most preventive services
• Dentist assigned
• Referrals required
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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
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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
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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
13
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
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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
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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
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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
17
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
18
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
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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
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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
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
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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
THANK YOU