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See your 2010 Enrollment Guide for detailed information
Health Plans
•Medical Plans
•Dental Plan
•Vision Plan
Income Protection
•Life (Basic & Optional)
•Long Term Disability
•Accidental Death & Dismemberment
•Long Term Care Insurance
Flex Spending Account
•Health Care Account
•Dependent Care Account
Retirement
•Traditional 403(b)
•Roth 403(b)
Summary of Benefits
Partners Medical Insurance Policy
All Partners eligible employees MUST maintain health insurance coverage through Partners or an alternative source.
This policy was created to ensure compliance with respect to the new Health Care laws in Massachusetts.
Without coverage you may incur a tax penalty when you file your MA state taxes.
When will my benefits begin?DATE OF HIRE
Your benefits will begin on your date of hire, unless you take action to designate another date .
If you have medical coverage elsewhere, you can “opt out” of coverage through Partners.
Opting out MUST be done within 30 days of your hire date
OTHERWISE
You will automatically be enrolled in BCBS Partners Value – Individual
• If you elect to “opt out” of coverage, you will receive a HIRD* form to complete
and return to benefits. (* Health Insurance Responsibility Disclosure)
• During Open Enrollment for 2011 (Fall 2010) Benefit changes effective January 1, 2011
• If a “Qualified Life Event” occurs (e.g. marriage, birth of child, opportunity for insurance through your spouse, end of coverage through school, etc.)
Changes must be made within 30 days of the status change.
Other times benefit changes can be made?
How much will this cost?
We have done the math for you!
See the enclosed Rate Sheet
Everyone Receives
BASIC CHOICE PAY: $277.00
MEDICAL CHOICE PAY$256.16 Total $768.49 Total $691.61 Total $1,203.94 TotalAdded to $277.00 $533.16 $1,045.49 $968.61 $1,480.94
MEDICAL INSURANCE Price Your Cost Price Your Cost Price Your Cost Price Your Cost
Partners Plus $569.25 $36.09 $1,138.50 $93.01 $1,053.08 $84.47 $1,622.33 $141.39Master Health Plus $1,055.00 $521.84 $2,110.00 $1,064.51 $1,951.75 $983.14 $3,006.75 $1,525.81
Partners Value $511.08 ($22.08) $1,022.17 ($23.32) $945.50 ($23.11) $1,456.58 ($24.36)Neighborhood Health Plan $664.67 $131.51 $1,329.33 $283.84 $1,229.67 $261.06 $1,894.33 $413.39Harvard Pilgrim HealthCare $676.58 $143.42 $1,353.17 $307.68 $1,251.67 $283.06 $1,928.25 $447.31Tufts Health Plan $671.75 $138.59 $1,343.50 $298.01 $1,242.75 $274.14 $1,914.50 $433.56
DENTAL CHOICE PAY $16.80 $33.65 $33.65 $50.45DENTAL INSURANCE Price Your Cost Price Your Cost Price Your Cost Price Your CostMajor Dental $38.67 $21.87 $77.33 $43.68 $96.67 $63.02 $135.33 $84.88Basic Dental $28.00 $11.20 $56.08 $22.43 $56.08 $22.43 $84.08 $33.63
VISION INSURANCE $7.08 $14.15 $12.38 $19.46
LONG TERM DISABILITY 60% of Pay * 13.32$ 80% of Pay * $19.99 *If no election is made, coverage defaults to 60%
LIFE INSURANCEOptional Age on 1/1/09 Employee Monthly Cost Spouse Monthly Cost
Age Per $1,000 Age Per $1,000Under 30 $0.050 Under 30 0.080
30-34 $0.072 30-34 0.08835-39 $0.081 35-39 0.09940-44 $0.090 40-44 0.11045-49 $0.135 45-49 0.165
AD&D INSURANCE $1.40 for $100,000 of coverage
CHILD LIFE INSURANCE $2.10 for $10,000 of coverage for all eligible children
PARTNERS BENEFITS FOR RESIDENTS 2010 RATE SHEET - MONTHLY CHOICE PAY AND PRICES
Employee & Spouse Employee & Children FamilyEmployee Only
Family
Employee Only Employee & Spouse Employee & Children Family
Basic Life = Annual Salary No cost to Employee
Employee Only Employee & Spouse Employee & Children
Medical Plan Options Details of each plan outlined in Medical Comparison Chart
BCBS Partners Plus
BCBS Partners Value
Harvard Pilgrim Health Care
Neighborhood Health Plan
Tufts Health Plan
BCBS Master Health Plus
Majority choose Partners Plus or Partners Value!
Blue Cross Blue Shield Partners Plus/Value
• In-network coverage:
– Designated Primary Care Physician (PCP)
– Referral from PCP needed to see Specialists
– Low out of pocket costs
• Out-of-network coverage:
– Self-referral to Specialists
– Out-of-state care (non-emergency)
– Higher out of pocket costs
The “Network” isBlue Cross Blue ShieldHMO Blue and Blue Choice
Prescription Drug Program Medco
In addition to your Health Insurance Card you will receive a Medco ID card
Mail Order
90 day supply
$20 Generic
$40 Preferred brand
$70 Other approved
brands
Retail Purchase
30 day supply
$10 Generic
$20 Preferred brand
$35 Other approved
brands
Delta Dental Plan You will receive separate ID card
1. Basic Dental - $1,000 per person annual maximum
100% Diagnostic & Preventive (No Deductible) 50% Minor Restorative ($50/$100 Deductible) 50% Major Restorative ($50/$100 Deductible)
No Orthodontia
2. Major Dental - $2,000 per person annual maximum
100% Diagnostic & Preventive (No Deductible) 80% Minor Restorative ($25/$50 Deductible)
50% Major Restorative ($25/$50 Deductible)
Orthodontia - 50% covered up to $2000 lifetime maximum
Davis Vision Plan
100% coverage by Davis providers
Every 12 months • Eye exam w/ participating optometrist ($10
co-pay)• 1 pair of Davis Vision eye glasses or contact
lenses see brochure
• Out-of-network care available at a higher cost
Long Term Disability (LTD)
• Continues portion of salary, if unable to work due to illness or injury for longer than 90 days.
• Payments may continue to age 65.• Annual cost of living adjustment, if applicable.• Automatically enrolled @ 60%*, unless declined at
enrollment.
TWO OPTIONS *60% of base pay @ $13.32 per month
80% of base pay @ $19.99 per month
Need more Life Insurance? Employee Employees can elect up to 3x annual salary without Evidence of good health, 5x salary is available with Evidence of Health and insurance company’s approval
Spouse Coverage amounts: $10K, $25K, $50K, $75K, $100K
Child$10k for each child
Accidental Death & Dismemberment (AD&D) Insurance is also available (p 21)
Partners provides coverage of 1 x salary (no cost to employee)
Life Insurance
Health Care
$3,000 pre-tax (max)
•Out-of-pocket medical, dental and vision expenses
•E.g. Deductibles, Coinsurance, Co-pays
Dependent Care
$5,000 pre-tax (max)
• Expenses to look after dependent child while parents are working
• E.g. Daycare for children through age 12 and disabled dependents
USE IT OR LOSE IT BENEFIT
For eligible expenses incurred from Hire Date to 3/15/2010 CALENDAR YEAR BENEFIT – RE-ELECT EVERY YEAR!
Flex Spending Accts (FSA)
.
Retirement Savings Programs
2 ways to save for your retirement through payroll deductions
•Traditional 403(b) Program Your contributions are deducted before taxes are calculated and will reduce your taxable income every paycheck
•Roth 403(b) Program Your contributions are deducted after taxes are calculated. Your contributions and investment earnings will be tax free when distributed.
Combined maximum contribution $16,500 (CY2010)
Investment Providers Fidelity Investments, TIAA-CREF, Vanguard Group
This hypothetical example is based on monthly contributions made at the beginning of the month to a tax-deferred retirement plan and an 8% annual rate of return compounded monthly. Your own Plan account may earn more or less than this example, and income taxes will be due when you withdraw from your account.. Investing in this manner does not ensure a profit or guarantee against loss in declining markets.
Tale of two savers
$100K
$50K
$150K
$200KVALUE AGE 65
$167,832$167,832
$125,025$125,025
25 35 45 55 65AGE
MariaStart Age 25
$1,000 contributed annually for 10 years
$10,000 Contribution$10,000 Contribution
TomStart Age 35
$1,000 contributed annually for
30 years
$30,000 Contribution
$30,000 Contribution
You need a Partners password
How to create a Partners password
https://myprofile.partners.org
Myprofile.partners.org
Step-by-step instructions
WHAT IS ??
• Human Resources Information System which allows employees to perform transactions – Employee Self Service
• Tasks• Views• eBenefits
User Name: NT User ID
Password: Partners Password
Any problems: contact your Benefits Representative
Help is availableCall the Benefits Office once you get here if you need help accessing the options available in eBenefits
(617) 726-8133
Accessing PeopleSoft eBenefitsHome > Self Service > eBenefits
eBenefits – Home Page
Employee Name
Time to enroll
Employee Name
To elect, edit each plan!
Remember...
• Submit your benefit elections online as soon as possible ! • Elections received after 30 days will NOT be processed and
you will be automatically enrolled in BCBS Partners Value (individual coverage)
• Benefits as well as DEDUCTIONS & CHOICE PAY are effective
on your date of hire or eligibility date
EMERGENCY CONTACT
MBTA PASS ENROLLMENT
• Employees have until the • 15th of every month to enroll
• Parking & Commuter Services –
• Wang Bldg.02-230• call (726-8886) with
questions or to purchase discounted T-passes after the deadline
Don’t Forget!Designate Your Beneficiaries…
Direct Deposit
. .
Suppress DDP Advice Print
View pay advice before the 26th.
Protect your identity! No more worries about pay advice being lost or misplaced.
PRINT ON DEMAND- A complete history of your pay advices are printable at anytime.
W-4 FEDERAL TAX FORM
Questions?
Professional Staff Benefits Office
Mass General Hospital
Bulfinch Bldg, Rm 126
Last Name
Starts with Contact
A-G Jennifer R. Williams (617) 726-9266
H-O Linda Gulla (617) 726-9266
P-Z Virginia Rosales (617) 724-9356
