how much do you know about your unb fringe benefits? · how much do you know about your unb fringe...
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How much do you know about your UNB Fringe Benefits?
Human Resources & Organizational DevelopmentJanuary 2016
Today at a glance…
Intro: Peter
Benefits: Kevin & Beth
Benefits at Retirement: Kevin
General Info: Beth
Survey: Kevin & Peter
Wrap-Up: Peter
Benefits• Life Insurance
• Long Term Disability
• Health
• Travel
• Dental
• Optional Group Term Life Insurance
• Optional Accidental Death & Dismemberment
• Optional Critical Choice Care Insurance
• Employee Family Assistance Program
• Tuition Waiver
Life & Family Protection Insurance
• Manulife Financial
• Compulsory
• Payable in the event of
death of the employee
Life & Family Protection Insurance
Life Benefits Payable
• Single – Lump sum of 1 times annual salary paid to
designated beneficiary
• Single with Dependent Children - Lump sum of 1 times
annual salary paid to designated beneficiary and 25% of
monthly salary divided among eligible dependent
children
• Family - Lump sum of 1 times annual salary paid to
designated beneficiary and 25% of monthly salary paid
to spouse and 5% of monthly salary divided among
eligible dependent children (to a maximum of 15%)
Life & Family Protection Insurance
Dependent Child Definition
• Full-time student, unmarried,
not employed on a full-time
regular basis, under the age
of 24
Life & Family Protection Insurance
Options At Retirement
• Plan terminates
• May convert lump sum amount to an
individual policy within 31 days without
providing evidence of good health
• Premium at time of conversion is based on
insurer’s individual rates
Long Term Disability
• Manulife Financial
• Compulsory
• Provides income protection in the event of
total disability due to illness or injury after
180 days of sick leave
• Should apply after 4 months
Long Term Disability
Benefit Payable
• 75% of first $1,041.67 gross monthly salary plus 45% of next $3,541.67 plus 40% of the remainder
• LTD benefit offset due other earnings such as Canada Pension Plan Disability, pension, etc.
• Paid once monthly
• Benefits are non-taxable
Long Term Disability
• First 24 months deemed disabled from
own occupation
• Benefits after 24 months may continue to
June 30th following 65th birthday if deemed
disabled from any type of work for which
you are qualified
Long Term Disability
Fringe benefits while on LTD
• Life Insurance and Optional Benefits –
premiums waived
• Health and Dental – must continue to pay
• Pension – contributions waived, continue
to accrue pension service
Long Term Disability
Options at Retirement
• Plan terminates on retirement or the
December 31st before your Normal
Retirement Date, whichever comes first
(normal retirement date is the June 30th
after your 65th birthday)
Supplementary Health Insurance
• Medavie Blue Cross
• Compulsory although coverage may be
waived if insured by another plan
• Designed to be a supplementary plan to
what is covered by NB Medicare
Supplementary Health Insurance
Hospital
• Semi-private room
• Paid directly to the hospital
• Program pays 100% of the eligible
expense
Supplementary Health Insurance
Vision Care
• Includes: exams, lenses, frames, contacts
• Maximum eligible expense is $220 per
participant every 24 consecutive months if
over the age of 19 and every 12
consecutive months if under 19
Supplementary Health Insurance
Paramedical Services
• Chiropractor
• Naturopath
• Osteopath
• Physiotherapist (including Acupuncturist and Certified Athletic Therapist)
• Massage Therapist
Supplementary Health Insurance
Paramedical services (continued)
• Note that services under paramedical
have limitations (ex: maximum of $650 per
practitioner and an overall maximum of 50
treatments per year for all practitioners)
Supplementary Health Insurance
Extended Health
• Ambulance
• Diabetic supplies
• Hearing aid
• Crutches, canes, walkers
• Wheelchairs
• Psychologist
• Speech Therapist
Supplementary Health Insurance
Prescription Drug Coverage
• Plan pays 100% of least costly generic
substitute
• Maximum $5.00 dispensing fee per
prescription
• Maximum 9.5% on ingredient cost mark-
up
• Participating pharmacies
Supplementary Health Insurance
Options at Retirement
• May continue
• 100%-paid by retiree
• Monthly premiums deducted from pension
• Age 65 - prescription drug coverage ends
• Option to enroll in NB Seniors Prescription
Drug Plan. Current cost $115 per month
per person
Supplementary Health Insurance
Dependent Child Definition
• Under age 19
OR
• Full-time student, unmarried, not
employed on a full-time regular
basis, under the age of 24
Medavie Mobile
27
• Check drug coverage and compare costs
• Browse benefit details
• Check benefit balances
• Submit claims
• Find ePay health professionals
• Cost information for providers
• Register and update your profile
Travel Insurance
• SSQ Insurance Company Inc.
• AXA Assistance is our emergency medical provider
• Premium is part of the health insurance monthly premium
• Provides emergency out of province/country coverage, anywhere in the world, 24 hours a day against unexpected injuries or illnesses
• *Coverage is available for travelers and students abroad for up to 180 days
Travel Insurance
In an emergency:
• Call AXA Assistance (the provider for
SSQ Insurance)
• Available 24 hours a day, 365 days a year
• 1-866-783-9473 (in Canada or USA)
• 514-285-8195 (outside Canada or USA –
call collect)
Travel Insurance
…in an emergency (continued)
• Name of person calling, telephone number
and relationship to insured person
• Insured person’s name, location, ID #427E
and Policy #1L915
• Condition of Insured person and nature of
emergency
Travel Insurance
…in an emergency (continued)
• Name, location and telephone number of
hospital
• Name, location and telephone number of
treating physician
Travel Insurance
Making A Claim
• Complete two forms: Consent to Collect, Use and Disclose Personal
Information
Emergency Medical Claim Report: Out-Of-Province/Out-
Of-Country
• Forms online: http://www.unb.ca/hr/benefits/forcurrentemployees.html
Travel Insurance
Out-Of-Province Medical Referrals
• Provide travel assistance when referred
out-side of the province for services not
available within the province.
Travel Insurance
Out-Of-Province Medical Referrals
Eligible Expenses
• Up to $100 per day per insured as an
outpatient
• Up to $100 per day for a parent, guardian
or family member accompanying the
patient
Travel Insurance
Out-Of-Province Medical Referrals
Eligible Expenses (continued)
• Meals
• Accommodations
• Parking
• Tolls
• Mileage
Travel Insurance
Out-Of-Province Medical Referrals
Making A Claim
• Doctor’s referral
• Confirmation of appointment required
• Original receipts
• Consent to collect, use and disclose personal
information form
• Inpatriate/Expatriate medical & extended health
claim form
Travel Insurance
Out-Of-Province Medical Referrals
Making a claim (continued)
• Forms online: http://www.unb.ca/hr/benefits/forcurrentemployees.html
• Make photocopies of receipts prior to
sending
Travel Insurance
Dependent Child Definition
• Under age 19
OR
• Full-time student, unmarried, not
employed on a full-time regular basis,
under the age of 24
Travel Insurance
Options at Retirement
• If you continue to be covered by the UNB
Supplementary Health Insurance, Travel
Insurance also continues
• *Note: after retirement, pre-existing
health conditions can affect coverage.
If you think this may affect you, call
before traveling.
Dental Insurance
• Medavie Blue Cross
• Compulsory - may be waived if insured
by another plan
• Benefits payable are currently based on
2015 Dental Fee Guide. Updates usually
take place on July 1st of each year.
Dental Insurance
Eligible Expenses
• Diagnostic and preventative services eligible at 100% - example checkups, cleanings, x-rays
• Restorative services – eligible at 80% -example fillings, root canals, periodontics
• Major restorative services – eligible at 50% - example – dentures, bridges, crowns
Dental Insurance
Eligible expenses (continued)
• Orthodontics – eligible 50% to a
maximum of $2000. Dependent children
only
• Implants – lump sum payment of
$1,422.50 per implant
Dental Insurance
Dependent Child Definition
• Under age 19
OR
• Full-time student, unmarried, not
employed on a full-time regular basis,
under the age of 24
Dental Insurance
Options at Retirement
• Plan terminates
• Option to enroll in Province of NB Retirees
Dental
• Details at: http://www2.gnb.ca/content/gnb/en/departments/human_resources/p
ensions_and_benefits/content/retirees_insured-benefits.html
Health, Travel & Dental Insurance
Reminder
• August of each year you MUST enroll any
dependent child age 19 to 24 who is a full-
time unmarried student
• Complete the “Group Supplementary
Health/Dental Over-Age Dependent Form
– Blue Cross” found on the Human
Resources website
Health, Travel & Dental Insurance
Coordination of Benefits
• If you have more than one health and/or
dental plan you can submit claims to both
plans
Health, Travel & Dental Insurance
Late Applicant Status
• If your martial status changes, if you have a new baby, if your spouse loses their plan, you have 31 days to enroll in the health and dental without penalty
• Consequences of late application (health) –must submit medical questionnaire resulting in possible denial or limitations in coverage;
• Consequence of late application (dental) -limited to claims of $100/member for the first year
Employee Family Assistance Program
• Shepell·fgi
• Employer paid
• Confidential service for employee, spouse
and dependent children
• Achieving well-being
• Manage relationships & family
• Financial guidance
• Workplace challenges
• Tackle addictions
• Improve nutrition
Provides support for:
Employee Family Assistance Program
Receive Support:
• By telephone
• In person
• On-line
• With self-guided resources
Employee Family Assistance Program
• Available to you at no cost
• Available 24/7/365
• Call 1-800-387-4765
• Terminates at retirement
Optional Group Term Life Insurance
• Manulife Financial
• Optional
• Opportunity to add more protection over
and above the compulsory life insurance
• May apply for insurance for spouse and
eligible dependent children
• Medically underwritten
Optional Group Term Life Insurance
• May purchase in units of $10,000
• Maximum for employee $400,000
• Maximum for spouse - $250,000
• Rates based on sex, smoking status and
age
Optional Group Term Life Insurance
• May purchase in units of $3,000 for dependent children to a maximum of $30,000
• Premiums are $0.12 per $3,000
Dependent Definition
• Under age 19
• Or
• Full-time student, unmarried, not employed on a full-time regular basis, under the age of 24
Optional Group Term Life Insurance
Options At Retirement
• Plan terminates
• May convert employee and or spouse’s coverage to an individual policy to a maximum of $200,000 within 31 days of retirement without having to provide evidence of good health
• Premium at time of conversion is based on insurer’s standard individual rates
Accident Death & Dismemberment
• SSQ Insurance Company Inc.
• Optional
• Payment in the case of death or
loss of use due to an accident
• Terminates at retirement
Accident Death & Dismemberment
Choice of Coverage
• Single Plan – Employee insured for principal amount
• Family Plan With Spouse and Dependent Children - Employee insured for principal amount, spouse insured for 50% and children 10%
• Family Plan With Dependent Children –Employee insured for principal amount and children 20%
Accident Death & Dismemberment
Dependent Definition
• Under age 19
OR
• Full-time student, unmarried, not employed on a full-time regular basis, under the age of 24
• May purchase in units of $10,000 to a
maximum of $350,000
Critical Choice Care Insurance
• SSQ Insurance Company Inc.
• Optional
• Lump sum payment in the event of being diagnosed with one of the specified conditions such as: Deafness, Loss of Speech, Parkinson’s Disease, Alzheimer’s Disease, Multiple Sclerosis, Stroke, Paralysis, Blindness, Life Threatening Cancer, Coma
Critical Choice Care Insurance
Eligibility
• Employee and Spouse
• May purchase in units of $10,000 to
a maximum of $150,000
• Premiums based on age, sex and
smoking status
Critical Choice Care Insurance
Guarantee Issue Limit
• Guaranteed accepted for insurance up to $50,000 without submitting proof of insurability
• Pre-existing condition applies
• Principal sum will not be paid for an illness which results from a pre-existing condition
• If the illness is diagnosed after 12 months from the effective date of coverage the claim will not be denied
Critical Choice Care Insurance
Amounts Exceeding $50,000
• Evidence of insurability is required
(medically underwritten)
Critical Choice Care Insurance
Options At Retirement
• Prior to age 65 make written application to
SSQ
• Premiums based on SSQ rates
Tuition Waiver
Employees
• Eligible for four 3-credit courses per year
• Expected to take courses outside of
normal working hours when possible. If
not available employees are expected to
make up their time if the department can
accommodate the absence.
Tuition Waiver
Procedure:
• Application to be made by employee and sent to Human Resources
• Application on line at http://www.unb.ca/hr/forms/benefitsforms.html
• Note: Deadlines which are posted online
Other Information
Leave Without Pay
• May continue benefits
• Must pay full premium
• Must make arrangement for payment prior
to leave
• Recommended that you do continue the
benefits
Other Information
War Zone
• Certain areas that we travel may be considered a war zone and as a result there may be limitations or exclusions in coverage for LTD and life insurance plans
• May apply for an endorsement that indicates you will be covered
• Additional fee may apply
Other Information
War Zone
• To apply for endorsement, contact Human
Resources with travel itinerary
• War Zones are published on the Human
Resources website
Other Information
Spousal Benefits Upon Death
• Spouse may continue health for remainder of life and dependents as per the dependent definition
• Spouse may continue dental to age 65 then apply for the Province of NB Retired Dental Plan. Dependent eligible as per definition
• Must pay full premium
Pre/Post Retirement Benefit Comparison
Pre-Ret. Benefit Post-Ret. Benefit
Group Life &
Optional Life
% of Salary + optional
amount
Converted Life Amount chosen but limited
to $200,000
Long-term Disability % of Salary Terminated No longer required to
protect earnings
Health UNB Extended Health,
Travel & Prescription
Drugs
Health
Prescription Drugs
UNB Extended Health &
Travel
NB Seniors Drug Plan as
provided by Medavie Blue
Cross at age 65
Dental UNB Dental Plan
formulary
Dental Province of NB Retirees
Dental formulary
Group Accident AD&D benefits Terminated Not available to retirees
Optional Critical
Choice Care
CI Benefit Converted Amount Chosen
Hello UNB, we are listening
UNB’s mandatory programs have been in
place, in substantially the same form as they
exist now, for at least 20 years.
Your Fringe Benefits Review Committee
looks after your interests but we want to
hear from all the plan members.
So…..
the survey says…
85
UNB and Corporate Research
Associates (CRA) will be
conducting a survey of UNB’s
Benefits Plan Members starting on
January 31, 2016.
the survey’s goals:
86
1. To find what plan members know about
UNB’s Fringe Benefits Programs;
2. How members feel about them;
3. Do members perceive good value for
their premiums; and…
the survey’s goals:
87
4. What value is placed upon them, vis à
vis their financial plan;
5. What changes, if any, would members
like
6. Other comments members may have
survey details…
• The survey will be open to all active Plan
Members starting Monday, January 31,
2016 and will be open for two weeks.
survey details…
• The survey will be available on-line.
Paper copies will be made available
upon request.
• Plan members will receive an
electronic invitation to participate.
• More details will follow on the UNB
e-News.
Contact Information
Sherri RobichaudHuman Resources Assistant (Benefits)
458-7678
Beth LordHuman Resources Advisor (Benefits & Pensions)
452-6361
Kevin RingHuman Resources Consultant (Benefits & Pensions)
458-7679