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UW-LA CROSSE. UNCLASSIFIED. Fringe Benefit Orientation. Investment and Savings Programs. Wisconsin Retirement System (WRS) Tax-Sheltered Annuity Program (TSA) Wisconsin Deferred Compensation Employee Reimbursement Account (ERA) Edvest College Tuition Program.

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  1. UW-LA CROSSE UNCLASSIFIED Fringe Benefit Orientation UW-L Human Resources

  2. Investment and Savings Programs • Wisconsin Retirement System (WRS) • Tax-Sheltered Annuity Program (TSA) • Wisconsin Deferred Compensation • Employee Reimbursement Account (ERA) • Edvest College Tuition Program UW-L Human Resources

  3. Wisconsin Retirement System (WRS) • Retirement contribution is 7.00% of an employee’s gross wages and the State is currently paying 7.00% as a fringe benefit. • Two funds available within the WRS: • Core Fund: 60% stocks, 40% fixed income and other assets • Variable Fund: 100% stocks • All contributions are invested in Core Fund unless you file a Variable Fund election to send 50% of contributions to Variable Fund. • Earliest age to retire is 55 years old, 50 years old for Protective Employees. Normal retirement age is 65 years old. • Five year vesting requirement if hired on or after July 1, 2011 and have no WRS creditable service prior to July 1, 2011. Immediately vested if you have WRS service prior to July 1, 2011 • Annual statements are received in April each year. UW-L Human Resources

  4. WRS Variable Participation • Option to elect participation in the variable fund as part of your Wisconsin Retirement System account. • Employee has 30 days from start date to complete the election form for the current year. • Form must be submitted directly to Department of Employee Trust Funds (ETF). • If employee does not elect to participate in variable for the year in which he or she was hired, election form for the next year is due by December 30. • Additional information about Variable Fund: www.etf.wi.gov/publications/et4930.pdf UW-L Human Resources

  5. UW-L Human Resources

  6. Tax-Sheltered Annuity Program (TSA) • Supplemental retirement account. • Voluntary employee contributions • No employer matching • 6 TSA Companies to choose from: • Dreyfus • Fidelity • T. Rowe Price • TIAA-CREF • Ameriprise/RiverSource Life Insurance • Lincoln National Life Insurance • 2014 Contribution amounts • Maximum: $17,500 per year • Minimum: $20 per month • Age 50 and older: $23,000 • Enroll by completing vendor application and salary reduction agreement form • $12.00 annual administrative fee to participate. Waived for 2014. • Contact Cedric Steine at 56497 for additional information UW-L Human Resources

  7. Wisconsin Deferred Compensation Program • To enroll or for additional information, please contact: • Telephone Number: (877) 457-9327 • Website: http://www.wdc457.org • Funds are chosen and monitored by the State Deferred Compensation Board. • 2014 Contribution amounts • Maximum: $17,500 per year • Minimum: None • Age 50 and older: $23,000 • Annual fees based on total account balance and will be between $0 and $66 per year UW-L Human Resources

  8. Employee Reimbursement Account (ERA) • Annual Open Enrollment • Application due within 30 days of employment. • Dependent Care • $5,000 maximum • Single, Head of Household and Married, Filing Jointly • $2,500 maximum • Married, Filing Separately • Medical Expenses • $100 minimum • $2,500 maximum UW-L Human Resources

  9. Ed-Vest College Tuition Program • Administered by the Office of the State Treasury with TIAA-CREF providing records management for all accounts • Call toll free: (888) 338-3789 for an information and enrollment kit. • Enrollment Web site: www.Edvest.com/savenow or call toll free at 1-800-368-2424. UW-L Human Resources

  10. Insurance Programs • Income Continuation Insurance (ICI) • Health Insurance • Life Insurances • State Group Life • Individual & Family Life Ins. • UW Employees Inc. • Accidental Death & Dismemberment (AD & D) • EPIC Benefits Plus • Dental Wisconsin • VSP Vision Insurance • Long-term Care Insurance *Premiums are paid by payroll deduction UW-L Human Resources

  11. Income Continuation Insurance (ICI) • An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment • Coverage effective after completing 6 months in WRS, depending upon option selected • Protects your income during periods of illness or disability by paying up to 75% of your monthly gross income up to age 65. • Your salary and waiting period you select determine your monthly premium UW-L Human Resources

  12. State Group Health Insurance • An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment. • Applications received on the first of the month will be effective on that day. Applications received after the first become effective the next month. • See “It’s Your Choice” booklet for additional information. • All health insurance information, can be found in the It’s Your Choice: Decision Guide and the It’s Your Choice: Reference Book at: www.etf.wi.gov/members/health_ins.htm • To find out which health plans have providers in your area, refer to the Choose Your Health Plan section beginning on page 20 of the Decision Guide. UW-L Human Resources

  13. State Group Health Insurance • HMO Plans (La Crosse area) • Health Tradition • Gundersen • PPO (Preferred Provider Plan) • Select Plan (WPS) UW-L Human Resources

  14. State Group Health Insurance HMO Plans • HMO medical care must be received in selected Medical Center except for emergency care or when referred. • Health Tradition • Provider: Mayo Health System – Franciscan Health Care • www.franciscanskemp.org • Gundersen • Provider: Gundersen Medical Center • www.gundluth.org • Pre-tax deduction: • Single: $88.00 • Family: $219.00 • All HMO plans are required to provide same level of benefits (Uniform Benefits) UW-L Human Resources

  15. State Group Health InsuranceHMO Plans (continued) • 10% Coinsurance up to out-of-pocket maximum • Preventative care covered at 100% • Out-of-pocket max is $500/person, $1,000/family • HMO plans have limited uniform dental coverage • Preventive & Diagnostic • No deductible • 100% coverage • Primary (basic) Service • No deductible • 80% coverage • Maximum Dental Benefit: up to $1,000 per person per year UW-L Human Resources

  16. State Group Health InsuranceStandard Plan (PPO) • WPS is administrator of Standard Plan • No dental coverage available. • Freedom to choose physician and location of service. • In-network provider • Plan pays 90% for benefits. 10% co-insurance. • Deductible $400 per person per calendar year or $800 per family per calendar year. • Out-of-network provider • Plan pays only 70% for most benefits. 30% co-insurance until maximum deductible amount is met. • Deductible $500 per person per calendar year or $1,000 per family per calendar year. • Maximum deductible of $2,000 per person or $4,000 per family per calendar year. • Maximum deductible of $200 per person or $1,000 per family per calendar year. • Advantage Program requires prior notice of non-emergency admissions, or within 48 hours after an emergency admission. • Pre-tax deduction is: • Single: $239.00 • Family: $596.00 UW-L Human Resources

  17. State Group Health InsurancePrescription Drug Coverage • Administered by Navitus Health Solutions. You will receive an ID card from Navitus that you will need to present when you pick up a prescription. • 3 Tiers for Co-Payments • Tier 1: $5.00 • Tier 2: $15.00 • Tier 3: $35.00 • Tier 3 prescription drugs do not count toward the annual out-of-pocket maximum. • Annual prescription drug out-of pocket maximums: • Individual: $410 • Family: $820 • Standard Plan: • Individual: $1,000 • Family: $2,000 • Mail Order is available through WellDyneRx. Up to a 90-day supply of Tier 1 and Tier 2 drugs may be purchased for two copayments. • For additional information, please contact (866) 333-2757 or visit the website: http://www.navitus.com UW-L Human Resources

  18. Ten Minute Break… UW-L Human Resources

  19. Life Insurance Programs • University Insurance Association Life Insurance • State Group Life Insurance • University of Wisconsin Employees, Inc. Life • Individual & Family Group Life UW-L Human Resources

  20. University Insurance Association Life (UIA) • Coverage is MANDATORY, by action of the Board of Regents, for all unclassified employees with base salary of at least $2,643.00 per month • Coverage begins October 1 following employment start date • Decreasing term life insurance • Benefit level begins at $101,000 for individuals 28 years of age and younger • Benefit level decreases to $3,400 at age 70 and above • $24.00 annual premium: • Deduction taken on November 1st check • No application is necessary • Beneficiary designation: www.uwsa.edu/hr/benefits/ins/luia_bene.pdf UW-L Human Resources

  21. State Group Life Insurance • An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment. • Coverage becomes effective the first of the month after the application is received, when 6 months in WRS are completed. • Term life insurance program • Each unit of coverage is based upon your annual earnings rounded up to the nearest $1,000. • Premiums are based upon your age, annual salary, and coverage selection. • Premiums are paid one month in advance. • Beneficiary Designation form: www.etf.wi.gov/publications/et2320.pdf UW-L Human Resources

  22. State Group Life Insurance(continued) • You may elect coverage at the following amounts • Basic (1x earnings) • Basic + Supplemental (2x earnings) • Basic + Supplemental + 1 Additional Unit (3x earnings) • Basic + Supplemental + 2 Additional Units (4x earnings) • Basic + Supplemental + 3 Additional Units (5x earnings) • Spouse/Dependent Coverage: • $2.50/month provides: • $10,000 spouse coverage • $ 5,000 for each child • $5.00/month provides: • $20,000 spouse coverage • $10,000 for each child UW-L Human Resources

  23. UW Employees Life Insurance • Must apply within 30 days of employment and be eligible to participate in the State Group Health Insurance Program. • Coverage begins on the first of the month after Human Resources receives application. • Late enrollment requires medical evidence of insurability. • Benefits include: • Decreasing term insurance. • Coverage amount based on age. • Ranges from $30,000 to $4,000 at age 65 and over. • Beneficiary Designation: www.bussvc.wisc.edu/ecbs/uwee-ga-562.pdf UW-L Human Resources

  24. Individual & Family Group Life • Must apply within 30 days of employment. • Coverage begins the first of the month after Human Resources receives application. • You may elect initial coverage at the following amounts: • Employee: $5,000 / $10,000 / $15,000 / $20,000 • Spouse/Domestic Partner: $5,000 / $10,000 • Children: $2,500 / $5,000 • Can increase coverage level on an annual basis during Annual Increase Option Period every October. • Maximum coverage amount: • Employee: $300,000 • Spouse/domestic partner: $150,000 • Children: $25,000 • Late enrollment requires medical evidence of insurability. • Beneficiary Designation: http://www.wisconsin.edu/hr/benefits/ins/uws1305.pdf UW-L Human Resources

  25. Accidental Death & DismembermentInsurance • Open enrollment anytime • Insurance is effective on the first of the month following receipt of the application • Benefit payable for accidental death or dismemberment only • Includes an education and training benefit for any covered surviving dependents • Coverage options range from $25,000 to $500,000 for single and family coverage • Premiums are based upon plan and coverage option selected • Coverage also includes Zurich Travel Assist package • Application/Beneficiary Designation: • www.uwsa.edu/hr/benefits/ins/uws1245.pdf UW-L Human Resources

  26. Epic Benefits+ 2014 Monthly Premiums • Must apply within 30 days of employment • Supplemental Dental Coverage: • Crowns, implants, bridges, and other major services are covered at 50% with an annual benefit maximum of $1,500/person after a $75 deductible • Orthodontia Coverage: • Pays 50% up to $1,200 orthodontia lifetime maximum for dependent children under age 19, after a 12-month waiting period • Vision Benefit: • Davis Vision Discount Program is optional for an added premium • Hospital/Surgery Benefit: • Pays $100 for each outpatient surgery (at approved facility) or $100/day of hospital confinement beginning with third day • Accidental death & dismemberment coverage • This does not replace Health Insurance UW-L Human Resources

  27. Dental Wisconsin • Must apply within 30 days of employment. • A dental provider must be selected from those associated with the plan • A plan orthodontist must be used • Two plans to choose from: • Preferred Provider Plan (PPO) • Select Plan UW-L Human Resources

  28. Dental WisconsinPreferred Provider Plan (PPO) • If your medical plan does not include dental benefits OR you want flexibility to use any dentist of your choice • Obtain a greater benefit for services by using in-network provider • Annual deductible: • $25 in-network dentist • $50 out-of-network dentist • Waiting period: • Diagnostic and Preventative services • Basic and Major Services: 3 months for new enrollees only • Orthodontia: 12 months • PPO Provider Directory: www.uwsa.edu/hr/benefits/ins/dppoprov.pdf UW-L Human Resources

  29. Dental WisconsinSelect Plan • If your health plan has a dental benefit AND you want additional comprehensive benefits • This plan supplements dental benefits provided by health plan • Freedom to choose any dentist • No coverage for preventive or diagnostic services. • Many restorative services are partially covered after a $50 deductible. • Waiting Period: • Basic and Major Services: 3 months for new enrollees only • Orthodontia: 12 months UW-L Human Resources

  30. UW-L Human Resources

  31. VSP Vision Insurance • Must enroll within 30 days of employment begin date • No subscriber card: Use Person ID# • Covers: • One eye exam per year with a $10 co-pay • One pair of lenses/contacts per year after co-pay • Frames covered once every 24 months after $25 co-pay • Must enroll for entire year for eligibility • Premiums are paid pre-tax • Plan Information: www.uwsa.edu/hr/benefits/ins/vision.htm UW-L Human Resources

  32. Long-term Care Insurance • All employees, spouses and parents of both may apply at any time, subject to medical underwriting. • Visit the ETF website for additional information: http://etf.wi.gov/members/benefits_ltci.htm UW-L Human Resources

  33. Thank you!

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