2013 Human 2013 Human Resources Benefits Resources Benefits

UpdateUpdateandand

Open Enrollment MeetingsOpen Enrollment Meetings

November 13-20, 2013November 13-20, 2013

AgendaAgenda

Health Plan ReviewHealth Plan Review Affordable Care Act UpdateAffordable Care Act Update Summary of ChangesSummary of Changes Question & AnswerQuestion & Answer

Net Claims & Admin Fees Net Claims & Admin Fees vs.vs.

Deductions and AccrualsDeductions and AccrualsFY 2011-FY 2014FY 2011-FY 2014

Health Care Cost Health Care Cost DistributionDistribution

Claims paid 10/2012 thru 9/2013

Affordable Care Act Affordable Care Act UpdateUpdate

Maintain Grandfathered StatusMaintain Grandfathered Status Employer Mandate delayed until 2015 Employer Mandate delayed until 2015 Health Insurance Marketplace Notice – Health Insurance Marketplace Notice –

eff. 10/1eff. 10/1 Summary of Benefits and CoverageSummary of Benefits and Coverage Transitional Reinsurance Program BeginsTransitional Reinsurance Program Begins

PCORI feePCORI fee Transitional Reinsurance FeeTransitional Reinsurance Fee

Strategic Health Care GoalsStrategic Health Care Goals Find resources to assist employees in Find resources to assist employees in

leading healthy lives;leading healthy lives; Provide support to those in need when Provide support to those in need when

health issues arise;health issues arise; Offer tools to employees to manage the cost Offer tools to employees to manage the cost

and effectiveness of their own healthcare;and effectiveness of their own healthcare; Ensure the College has the financial Ensure the College has the financial

resources necessary to help those in resources necessary to help those in catastrophic need.catastrophic need.

2014 Strategic Health Care 2014 Strategic Health Care InitiativesInitiatives

WellnessWellness Continue current Wellness OfferingsContinue current Wellness Offerings Wellness Program Review by Health Wellness Program Review by Health

AmericaAmerica Financial ResourcesFinancial Resources

No premium increase through 5/31No premium increase through 5/31 $750 Incentive to Decline Health Plan $750 Incentive to Decline Health Plan

CoverageCoverage Service (Ongoing)Service (Ongoing)

Question & AnswerQuestion & Answer