Welcome to Luther College

  • Published on

  • View

  • Download


Welcome to Luther College. Benefits. Your Benefits in a Nutshell. Health Care Coverage Basics. One health care plan with two deductible options: $500 deductible/$1,000 out-of-pocket $1,000 deductible /$1,500 out-of-pocket One provider network: - PowerPoint PPT Presentation


<ul><li><p>*</p></li><li><p>Benefits*</p></li><li><p>Your Benefits in a Nutshell*</p><p>BenefitFull-TimePart-Time100% paid by Luther CollegeEmployee Shared Premium100% paid by EmployeeHealth CareYesProratedGroup Term Life(employees must work minimum of 20 hrs/wk to be eligible)YesYesDisabilityYesNoDental PlanYesYesFlexible Benefit Plan YesYesRetirement Annuity--See details for effective date of eligibility.YesYesTax Deferred Annuity (TDA) or Roth 403bYesYesEducation Benefit--See plan for terms Employee Education Benefit YesNo1 crs/sem. 8 credits per year Faculty &amp; Administrative Staff SpouseYesNo Support Staff SpouseYesNo DependentsYesNoEmployee Assistance Program (EAP)YesNo</p></li><li><p>Health Care Coverage BasicsOne health care plan with two deductible options:$500 deductible/$1,000 out-of-pocket$1,000 deductible /$1,500 out-of-pocketOne provider network:Midlands Choice Network (includes Gundersen Health System, Mayo, Winneshiek Medical Center Clinic, Franciscan Skemp and others)Three levels of coverage: SingleEmployee plus one other personFamily</p><p>*</p></li><li><p>Health Care ProvidersIn-network services are covered at 80/20 after the deductible has been metOut-of-network services are covered at 60/40 after the deductible has been met</p><p>*</p></li><li><p>Office Visits$50 per visit will be paid for office visits for new or existing patients for which patient history and medical decision making are fairly straightforward 50% per visit will be paid for office visits requiring a more complex medical history and medical decision making$500 out-of-pocket limit for office visits per person, not a part of the medical deductible or OOP *</p></li><li><p>Prescription CoveragePrescription Co-pays:Generic$10 + 20%Formulary$20 + 20%Non-Formulary$35 + 20%90-Day MaintenanceDouble co-pay + 20%The +20% coinsurance is applied to the remaining cost of the RxOnce your out-of-pocket cost for prescriptions reaches $1,500/calendar year, the 20% coinsurance stops Co-pays continue until your total out-of-pocket for prescriptions reaches $2,000/calendar year. Prescriptions are then paid at 100%</p><p>*</p></li><li><p>2014 Preventive Care(Jan. 1 Dec. 31, 2014)Routine physical exam paid 100% by plan in 2014$45 blood panel screening thru Luther health service or $45 Winneshiek Medical Center (WMC) Walk-In Wellness clinic paid 100% by plan in 2014$40 PSA for men ages 40 and above thru Luther health service or WMC will be paid 100% by plan in 2014Completion of Health Risk AssessmentParticipants that join after July 1 will not be charged an additional $25 in 2015 if they dont complete the steps</p><p>*</p></li><li><p>2014 Preventive Care ContinuedRoutine vision exam-plan pays up to $50 for employee, spouse, and dependent children in 2014 Benefit regardless of whether it is an even or odd year:One baseline mammogram for female employee/spouse ages 35-39Routine mammogram paid at 100% for women 40 and aboveColonoscopy for employee/spouse age 50 and above: Plan pays first $1,200 with balance at 80% after deductible has been met, etc. (once very 10 years)</p><p>*</p></li><li><p>*</p><p>Monthly RatesPlan Option 1/ $500 DeductiblePlan Option 2/ $1,000 DeductibleJuly 1, 2014DeductibleOut-of-PocketDeductibleOut-of-PocketPlan 1 vs. Plan 2 Annualized DifferenceSingle$500 $1,000 $1,000 $1,500 Employee + 1$1,000 $2,000 $2,000 $3,000 Family$1,000 $2,000 $2,000 $3,000 Single Premium$528 $498Employee Contribution:Salary Tier 1 &lt; $35,000 $84$54$360 Salary Tier 2 $35,000 - $58,000 $92 $62 $360 Salary Tier 3 &gt; $58,000 $102 $72 $360 Employee + 1 Premium$1,370$1,300 Employee Contribution:Salary Tier 1 &lt; $35,000 $238 $168 $840 Salary Tier 2 $35,000 - $58,000 $318$248 $840 Salary Tier 3 &gt; $58,000 $397 $327 $840 Family Premium$1,398 $1,328Employee Contribution:Salary Tier 1 &lt; $35,000 $283$213$840 Salary Tier 2 $35,000 - $58,000 $372 $302$840 Salary Tier 3 &gt; $58,000 $456$386$840 </p></li><li><p>Affordable Care ActYou should have received a Summary of Benefits and Coverage for each of the two health care plansHealth coverage options are also available through the new Health Insurance Marketplace *</p></li><li><p>Dental InsuranceDeductible: $30/year with maximum or $90/family/yearAnnual benefit limit: $1,000/personCoverage for exams, x-rays, cleanings, fillings, surgery, root canals, gum disease treatments and denture repairs.Percentage paid by plan for above services:70% 1st year (September December 2014), coverage percentage increases by 10% each year until by your 4th year in the plan you have 100% coverage Crowns-bridges-dentures covered at 50% of approved charges starting second year on planMonthly premium pre-tax:$32/single + $73/familyOnce enrolled, participants may only opt out at the end of December each year</p><p>*</p></li><li><p>Flexible Spending AccountMoney placed in this account is not subject to federal/state income tax and FICA/Social Security taxFunds in the account are returned to you as non-reimbursed medical, dental and dependent care expenses are incurred Once enrolled, you may not make additions, changes, or cancellations during the calendar year unless you experience a qualifying event Your initial plan year will be September December.Maximum account contribution is $2,500 for health and $5,000 for dependent care*</p></li><li><p>Personal InfoElect dollar amountRemember to sign*</p></li><li><p>Life InsuranceThe college provides basic life insurance in the amount of twice the annual basic salary at no cost to the employee Accidental death and dismemberment (AD&amp;D) coverage is also offered at twice the basic salary at no cost to the employeeOptional supplemental life insurance is available for new employees without a health screening*</p></li><li><p>Disability InsuranceLong term disability insurance (LTD) is provided for faculty teaching at least 4 classes Salary continuation is provided for the first 6 months of leave equal to annual salaryLong term disability benefits pay 60% of pay after the initial 6 months of leaveLTD benefits are off-set by other pay receivedBenefits can continue until retirement agePension contributions are continued if eligible for contributions when disability commences*</p></li><li><p>Luthers Retirement Programwith TIAA-CREFAfter completing 1-year of eligible employment, the college remits 10% of an employees base salary to TIAA-CREFThe 1-year waiting period may be waived if you met your 1-year of eligibility with another employerAll faculty, regardless of course load, are eligible to participate in a tax-deferred annuity (TDA) or a Roth 403(b) with TIAA-CREFComplete the eligibility form and return to the Office of Human Resources </p><p>*</p></li><li><p>Employee Assistance Program (EAP)Luthers employee assistance program is provided at no additional charge for confidential counseling services for concerns including: </p><p>PersonalFinancialLegal needsGuidance resources are available online</p><p>*</p></li><li><p>Travel Assistance ProgramOur emergency travel assistance includes:Medical evacuationRepatriationTraveling companion assistanceDependent children assistanceVisit by a family member or friendEmergency medical paymentsReturn of mortal remainsMedication and eyeglass assistanceMedication referrals and monitoring</p><p>*</p></li><li><p>Funeral PlanningLife InsuranceWhy do you need it? How much do you need?Estate PlanningConversation starters - calculatorsFuneral Concierge Services24/7 funeral planning from licensed funeral directorsFamily SupportLegal, emotional &amp; family counseling to help cope with a loss with Beneficiary Assist*</p></li><li><p>Confidential Reporting Hotline Occasionally, an employee has a concern that he or she would like to express anonymously. These concerns might include ethical concerns, theft, sexual harassment, etc. For these occasions, the college participates in a service called the In Touch Hotline.</p><p> This system is available for your use around the clock, seven days a week. Because the hotline is operated by an independent organization, any calls made through this hotline are completely confidential.*</p></li><li><p>Non-Discrimination It is the policy of Luther College to provide equal educational opportunities and equal access to facilities for all qualified persons. The college does not discriminate in employment, educational programs, and activities on the basis of age, color, creed, disability, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, veteran status, or any other basis protected by federal or state law. Sexual harassment and sexual assault are prohibited forms of sex discrimination.</p><p>*</p></li><li><p>Non-Discrimination, ContinuedQuestions regarding this policy or Title IX of the Education Amendments should be directed to:Marsha WentholdInterim Director of Human Resources and Title IX Coordinator(563) 387-1415, Main 28mwenthold@luther.eduQuestions regarding Title IXof the Education Amendments of 1972 may also be referred to the U.S. Department of Educations Office for Civil Rights.</p><p>*</p></li><li><p>These forms are necessary to process your payroll:A. I-9 Employment Eligibility VerificationB. Federal W-4C. Iowa W-4D. Direct Deposit Form</p><p>*</p></li><li><p>Complete Section 1 of I-9</p></li><li><p>Iowa W-4 1st PartThe Iowa W-4 has two sections that need to be completed</p></li><li><p>2nd PartEmployee completes personal information</p></li><li><p>Federal W-4Employee completes personal informationBe sure to sign</p></li><li><p>Direct Deposit FormInclude a Voided Check!Luther requires direct deposit</p></li><li><p>Accounts Payable Deposit*</p></li><li><p>Your pay advice is online!*</p></li><li><p>Where you can find usHuman Resources and Payroll are located in the lowest level of Main (Main 25 + 28). We are here to assist you.Marsha Wenthold, Interim/Associate Director, 387-1415Sheryl Sievert, Administrative Assistant, 387-1134Korrine Jackson, Payroll Specialist, 387-1135HR website: http://www.luther.edu/hr/ Please call us any time*</p><p>This is located in your folder with a brief description of each benefit.*Talk about Luther being self-funded*Mention small billfold card that is in packet with CPT codes*Note the $25 monthly additional premium for employees that do not submit a completed Wellness checkup form to HR. (Faculty and staff hired after July 1 of this year are exempt for 2010)*See plan document on the hr website for more details*Remind them that in order for immediate participation they must bring you a copy of their most recent quarterly statement or plan document so that you can approve ****</p></li></ul>