Every job is a self-portrait of the person who does it, autograph your work with excellence. --Author Unknown Welcome To TWU! Office of Human Resources

Every job is a self-portrait of the person who does it, autograph your work with excellence.

--Author Unknown

Welcome To TWU!

Office of Human Resources

Denton, Texas940/898-3555

What’s the Agenda for Today THE AGENDA FOR TODAY?

• Health/ Dental Overview• Enrollment Deadlines• Optional Coverage & Flexible

Benefits• Retirement Overview• Worker’s Compensation• Questions and Answers /Dental



1) Are you a Direct Transfer from another Texas state agency?

2) Does your spouse or parent work for a Texas state agency and if so, does that relative cover you for health, dental or dependent life insurance through the Texas GBP?

3) Are you a 9 month employee, or part-time?

If you meet one of these conditions, please let the Benefits Representative know.

This could possibly waive your 90 day waiting period for health coverage.

DO YOU MEET THESE CRITERIA?



Health Insurance Overview

• No deductible• $2,000/Calendar year

Coinsurance Maximum• Primary Care Physician

Required• Specialist Referrals

required (except for routine eye exam and OB-GYN)

• Low office visit co-pay• $25 Primary Care

Physician• $40 Specialist

• Hospital co-payments– $100 Outpatient co-pay

then 80/20– $150 Inpatient co-pay

per day up to 5 day maximum and 80/20

– $150 ER co-pay then 80/20

– Non-Network benefits

Available.

Coverage is effective the First day of the month after your 90th day of employment.



http://www.ers.state.tx.us/

http://www.bcbstx.com/hs/

• Prescriptions are $15, $35, $60

• $50 Plan Year (9/1 to 8/31) deductible (per family member)

• Generics mandatory when available

• Maintenance medications (long-term)- Use mail order or pay cost difference and continue to use network pharmacy

PRESCRIPTION DRUG PROGRAM



http://www2.caremark.com/ers/index.asp

Dental InsuranceERS has offers two dental plans. Each has different costs, benefits, service areas and participating dentists.

Humana DentalThis plan works like an HMO. You and your eligible dependents must get your dental care within the Humana Dental HMO service area (inside the state of Texas).

State of Texas Dental Choice PlanAdministered by the Humana, this plan allows you to visit any dentist, and you and eligible dependents can enroll regardless of where you live.

To compare and see which is right for you, use the dental comparison chart provided or visit plan descriptions available online.



Enrollment

Deadlines

• 90 days from your hire date to add a dependent(s) to your health insurance.

• 30 days from your hire date to enroll in dental coverage.



WHAT ELSE CAN I CHOOSE? (Must enroll within your first 30

days of employment)• Optional Term Life*• Dependent Term Life*• Voluntary Accidental Death & Dismemberment (AD&D)• Short-Term Disability*• Long-Term Disability*• TexFlex Reimbursement Accounts• Long Term Care*• Opt-Out

*Generally EOI required outside of initial enrollment period.



Optional Term Life

• Optional Term Life– Election I = 1 x annual salary– Election II = 2 x annual salary– Election III = 3 x annual salary* -

Requires EOI approval– Election IV = 4 x annual salary* -

Requires EOI approval *Administered by Fort Dearborn Life Insurance

Company (FDL).



• This policy provides life insurance coverage for each covered family member, and requires you to pay a monthly premium.

• An employee is eligible to sign up for a $5,000 policy.

*Administered by Fort Dearborn Life Insurance Company (FDL).



Dependent Term Life

Accidental deathIn the event of your death as the direct result of an accident, your beneficiary will receive the amount of insurance you select.

DismembermentIf you have an accident and experience bodily losses as a direct result of the accident, you will receive AD&D benefits.

Cost The cost of Voluntary AD&D coverage depends on the amount of coverage you purchase. Coverage is purchased in increments of $5,000: the minimum coverage available is $10,000, and the maximum coverage available is $200,000 and is available for you and your dependents.

Office of Human

Resources


Voluntary Accidental Death & Dismemberment (AD&D)

Office of Human

Resources


Disability Insurance

Short Term

– Premium is .26 per $100 of monthly salary

– Must be off work 30 days before coverage begins

– Insurance pays 66% of salary for a maximum of 5 months

– Maximum benefits $6,600 per month

Long Term– Premium is .63 per $100 of

monthly salary– Must be off work 90 days

before coverage begins– Insurance pays 60% of

salary until age 65– Maximum benefits $6,000

per month

• Make an annual pledge that is deducted pre-tax from your paycheck.

• The pledge is deposited into your personal account, which you use to reimburse yourself for medical, dental, and day care expenses.

• File for reimbursement via mail, fax, or use of a debit card.

• $12 annual administrative fee, $15 annual debit card fee.

• Money contributed must be used during that plan year, (September 1st-August 31st) or it is forfeited (grace period until November 15th).

Office of Human

Resources


TexFlex Reimbursement Accounts

Opt-Out

• The Health Insurance Opt-Out Credit is for employees who do not elect the State’s health insurance because they have other health insurance that is as good as or better than GBP health coverage.

• A credit is provided for employees that they may use toward dental and Voluntary AD&D premiums.

Office of Human

Resources


Health Insurance Opt-Out Program

ERS Online

To Enroll in optional coverage please visit the ERS website: • Go to www.ers.state.tx.us• Click on ERS Online• Click the gray sign in button in order to set up a• user name and pass word• Click on “Post-Hire Change”NOTE: You can’t access online enrollment until the benefits department staff inputs your new hire information.




Enrollment

Deadlines

• 90 days from your hire date to add a dependent(s) to your health insurance.

• 30 days from your hire date to enroll in optional coverage.

Office of Human

Resources


TEACHER RETIREMENT SYSTEM OF TEXAS (TRS)

• Defined benefits plan-based upon TRS formula• TRS standard annuity (maximum annual benefit) = 2.3% x years of

service X average of five highest fiscal year salaries: e.g., 25 yrs x 2.3% = .575 x $50,000 = $28,750/yr

• Vesting period of five years• Contributions -Employee: 6.4% of gross salary into your account -Employer/State: 6.0% to TRS fund• Additional benefits

-Death/Survivor benefits: $10,000 - $80,000 -Disability retirement benefits (based on yrs of service) -Ability to purchase credit toward retirement (e.g., out-of-state service, military service)



A balanced financial plan is like a three-legged stool. All three legs are needed to provide stable income security in retirement: Your pension (State retirement) Social Security Personal savings and investments (like a 401(k), 457 or IRA)

Depending on how long you live, your debt level, health, and lifestyle choices, you may need up to 120% of your current income in retirement. Texa$aver 457 and TWU’s 403b can help you build that stash of cash.

It’s a program that takes money from your monthly paycheck and saves it for your retirement nest egg – before income taxes are taken out.

Will you have enough money in retirement?



Worker’s Compensation

• Notify supervisor immediately• 30 days to submit paperwork• 100% medical



What if I Have Questions Later?

• Access your insurance plan booklets at www.ers.state.tx.us• Call your insurance carrier’s member services: Blue Cross Blue Shield Health Select:

800-252-8039 or visit www.bcbstx.com/hsDental Choice Plan – GEHA: 800-618-2389 or visit www.txdentalchoice.comDental Maintenance Plan (DMO) - Humana: 800-275-1794 or visit www.aetna.com/members/ersGroup Life & Health (Optional Coverage):800-778-2281TWU Benefits Department (940) 898-3555e-mail: [email protected];

Office of Human

Resources



http://www.bcbstx.com/hs

http://www.txdentalchoice.com/

http://www.aetna.com/members/ers

mailto:[email protected]

Documents

Every job is a self-portrait of the person who does it, autograph your work with excellence. --Author Unknown Welcome To TWU! Office of Human Resources