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2013-2014 Insurance & Benefits

2013-2014 Insurance & Benefits. Presentation. Welcome!. Insurance & Benefits – 768-3758 Who is Eligible? Spouse, Natural Children, Stepchildren, Adopted Children, (up to age 26) Domestic Partner, Domestic Partner Children Who is Not Eligible?

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2013-2014 Insurance & Benefits

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  1. 2013-2014Insurance & Benefits Presentation

  2. Welcome! • Insurance & Benefits – 768-3758 • Who is Eligible? • Spouse, Natural Children, Stepchildren, Adopted Children, (up to age 26) Domestic Partner, Domestic Partner Children • Who is Not Eligible? • Temporary employees, Seasonal employees, Ex-spouses, grandchildren

  3. MemberResponsibility • Timely submission of “Proof of Relationship” • Medical, Dental, & Vision are taken pre-tax, elections can not be changed unless there is a Qualifying Event • Timely notification of Life Status changes/ Qualifying events (31 days) • No Double Coverage

  4. Member Responsibility Cont. • Coverage Begin & End Dates – • New Hires , Newborns, New spouse • End dates- coverage ends the date a dependent ceases to be eligible • Loss of Coverage • Payment of Premiums (LWOP/FMLA) • COBRA

  5. Medical Insurance • Employee Premiums (City pays 80% of premiums) • Presbyterian Plans • Active • Family • Independent • Comparison on pages 18 & 19

  6. Medical Insurance Cont. • Value-Added Benefits • NurseAdvice line, discount services, mail services, online tools (page 14 & 15) • Employee Wellness Program • Stop smoking, lose weight, health tips, PHA (page 7) • Mobile Clinic dedicated to all participants • Goes to various locations • No copay/Not subject to deductible • Expanded Access to Delivery system • ABQ Health Partners

  7. Dental & Vision Plans • Delta Dental Plan • Two networks PPO and Premier • Plan Overview on page 23 • Vision Service Plan • Choice of frames • Plan Overview on pages 24 & 25

  8. Flexible Spending Accounts • MedicalCareReimbursementAccount • Annual maximum $2,500 • Minimum amount $260 ($10 a pay check) • Dependent Care Reimbursement Account • Plan maximum $5,000 • Minimum amount of $260 ($10 a pay check) • Parking and Transit Plan • Plan maximums for both plans is $230 a month • Pay for work related parking and mass transit costs

  9. Term Life Insurance Basic & Voluntary Life • The Hartford • Basic Life Insurance is 140% of base annual salary up to $50,000 paid for by the City. • No evidence of insurability required for coverage up to $250,000 • Maximum coverage amount 7 times annual salary not to exceed $500,000 • EOI required for amount over $250K

  10. Dependent Life Insurance • Spouse coverage • Coverage can not exceed employee’s coverage effective 7/1/2013 • Dependent Children • Covered up to a maximum of $10,000 • Employee must have coverage effective 7/1/2013 • Enhancements: Funeral Planning, Concierge Services, Travel Assistance and ID Theft Protection Services. • Plan Overview of pages 28 & 29

  11. Disability Insurance • The Hartford STD/LTD Insurance • Short Term Disability(STD) • Guaranteed Issue no evidence of insurability(EOI) • Benefit starts to pay after 30 days of disability • Long Term Disability(LTD) • If currently enrolled coverage will continue • Benefit starts to pay after 180 days of disability • See pages 31-34 for details

  12. Voluntary Benefits • Auto & Home (Travelers) • Legal Insurance (ARAG) • Long Term Care (John Hancock) • Deferred Compensation • ICMA-RC • Nationwide • VALIC

  13. Insurance & Benefits Division ofHuman Resources Department Contact Information • (505) 768-3758 • Email: employeebenefits@cabq.gov • On Line: www.cabq.gov/jobs/inusrnace-benefits • Pages 46-47 include websites and phone numbers to all vendors Questions ? REMINDER – Turn in Basic Life Insurance Beneficiary Designation form NOW.

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