Division of Human ResourcesWelcomes You!

Jaffus Hardrick, Ed.D.

Vice President, Human ResourcesVice Provost for Student Access & Success

Payroll Essentials

Presented by:

Carlos A. FloresAssistant Vice PresidentDivision of Human Resources

MyFIU – Main Menu

BENEFITS ADMINISTRATION

Presented by:

Crystal HsuAssistant DirectorBenefits Administration

Benefits Options

�State Benefits Administrator

�Benefits

�FICA Alternative Plan

• Health care law requires most U.S. citizens to have health insurance coverage as of January 1, 2014; or potentially pay a tax penalty for noncompliance

Patient Protection

Affordable Care Act

• One stop shop to find quality health coverage

• Through the Marketplace website you can purchase private health insurance

Health Exchange Options

HealthCare.gov

• No pre-existing condition exclusions, regardless of age

• No annual dollar limit on essential health benefits

• Preventative Health Services at no cost

• Extension of coverage to adult children

Health Insurance Design

• Employers are required to offer affordable coverage that meets minimum standards to full-time employees (average 30 or more hours per week)

• Employer On Record: State of Florida, Division of State Group Insurance

Employer Mandate

myFlorida.com/myBenefits

1-866-663-4735

Health Insurance Marketplace

STATE-SPONSORED PLANS

• Medical (Health Insurance)

• Prescription Drug Plans

• Dental Insurance

• Vision Insurance

• Tax-Favored Accounts

• State Life Insurance Plans

• Other Supplemental Plans

For more information please visit http://hr.fiu.edu

Eligible or Not?

• Welcome New Hire Package from People First

• Package not received? Contact 305-348-2181

• Coverage Effective: First (1st date) of the 3rd

month following enrollment and payment

received

• Required Information: Social Security Number

and Date of Birth for all Eligible dependents

• Premium Payment: one month in advance

Benefits Lab : 08/22-23/2016

FICA Alternative Plan

• All temporary eligible employees who are not covered by the State Retirement System , excluding students, are automatically enrolled in this plan.

• FICA Alternative Plan administered through Bencor, Inc.

• In lieu of paying 6.2 %of after-tax wages to Social Security, eligible employees will contribute 7.5 % of before-tax wages to an investment account under their name

(Medicare contributions of 1.45 % will continue to be withheld and matched by FIU)

Voluntary Retirement Contribution

403b

10 providers to choose from

IRS Limit

Under 50 yrs. old: $18,000

Over 50 yrs. old: $24,000

AXA, Fidelity, ING Reliastar, Jeffereson National, MetLife,

Symetra, TIAA-CREF,

T. Rowe Price, Valic, Vanguard, VOYA

4576 providers through

Florida Deferred Compensation

IRS Limit

Under 50 yrs. old: $18,000

Over 50 yrs. old: $24,000

Charles Schwab, Great West,

ING, Nationwide,

T. Rowe Price & Valic

For more information please visit http://hr.fiu.edu

Workers’ Compensation• Report to Supervisor

• Emergency transportation CALL Public Safety at (305) 348-5911

• Go to the nearest emergency room

Medical Emergency

• Report to Supervisor

• Complete Injury Report OnlineNon Emergency

• Mary Cruz

• 305-348-7960 or 305-348-2181• cruzma@fiu.edu

Workers’ Compensation

Assistant

• Emergency Contact: 1-800-455-2079 AmeriSys

Contacts

21

• 1-866-663-4735• www.peoplefirst.myflorida.com

People First

• 1-888-258-3422• https://bencorplans.usretirementpar

tners.com Bencor, Inc

• 305-348-2181• Benefits@fiu.edu

Human Resources Service Center

Welcome to the

Panther Family