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Open Enrollment

Open Enrollment. Community Blood Center / Community Tissue Services. CBC/CTS Open Enrollment. November 4 to November 18, 2013 Elections Effective January 1, 2014 Passive Enrollment – current elections will remain the same in 2014 if no action is taken

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Open Enrollment

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  1. Open Enrollment

    Community Blood Center / Community Tissue Services
  2. CBC/CTS Open Enrollment November 4 to November 18, 2013 Elections Effective January 1, 2014 Passive Enrollment – current elections will remain the same in 2014 if no action is taken Except Flexible Spending – FSA elections need to be re-elected every year Enrollment Online using Ultipro Self-Service Portal
  3. Overview of 2014 Changes CBC/CTS Plan Changes Medical Plan Design Dental Carrier changing to Delta Dental Flexible Spending Carrier changing to Flex Bank Healthcare Reform Changes Health Insurance Marketplace (Exchanges) Individual Mandate Pre-existing conditions prohibited Copay and Deductible count towards out-of-pocket maximum
  4. Anthem Medical Renewal Initially projected 21% increase in cost Claims continue to increase year over year Current medical cost PMPM is $386.43; 50% higher than the Anthem norm of $257.67 Analyzed many plan design options to help decrease cost Medical plan design changes made to bring increase down to 10% CBC/CTS will be investing $6M towards medical plan
  5. How does CBC/CTS Compare?
  6. 2014 Medical Plan Design
  7. 2014 Dental Program Dental carrier changing from MetLife to Delta Dental No changes to current plan design New Dental ID Cards will be issued
  8. 2014 Vision Program No Changes Carrier remains EyeMed
  9. 2014 Flexible Spending Program Carrier changing from UMR to Flex Bank Good reputation in Dayton Area Provide Debit Cards – Issue checks daily Set aside pre-tax dollars out of your paycheck to pay for certain healthcare & dependent care expenses. Lowers taxable income, more take home pay Healthcare Spending Account $2,500 max. Use to pay for eligible out-of-pocket healthcare expenses such as copays and deductible Dependent Care Account $5,000 max. Use to pay for childcare expenses - daycare
  10. Voluntary Life Insurance Currently provided Basic Life & AD&D Insurance by CBC/CTS Option to purchase additional (or increase current) voluntary life insurance coverage during open enrollment Evidence of Insurability form will need to be completed if purchasing or increasing current voluntary amount
  11. AFLAC Sign up in-person with AFLAC representative Three types of coverage offered Accident Hospital Critical Illness Wednesday, Nov. 6th 7:00-10:00am & 2:30-5:00pm at CTIR Thursday, Nov. 7th 9:30-4:30pm at Main St.  
  12. 2014 Benefit Rates
  13. How to Enroll Online Enrollment for medical, dental, vision & flexible spending https://www8.intersourcing.com Go to the Myself Tab and select Open Enrollment Enrollment for Medical, Dental & Vision is Passive No action = coverage remain in place in 2014 Separate Enrollment Session for FSA Must participate in OE is you want FSA in 2014 Paper Enrollment for Voluntary Life Insurance In-Person Enrollment for AFLAC
  14. Healthcare Reform Health Insurance Marketplace (Exchanges) Coverage for full-time employees is affordable and meets minimum coverage standards Individual Mandate Everyone needs health insurance coverage No coverage = penalty Pre-existing conditions prohibited Copay and Deductible count towards out-of-pocket maximum Previously only co-insurance counted now copay and deductible help you meet out of pocket maximum
  15. Important Reminders No elections will be accepted after November 18! Elections will remain in place from Jan 1 to Dec 31 Only time changes can be made to coverage outside open enrollment is when a qualifying life event happens Marriage Birth Divorce Change in employment status for self or spouse Flexible Spending needs to be re-elected
  16. Thank you!!! Questions???
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