option period
DESCRIPTION
Option Period. Benefits Enrollment. All State Employees Are Required To:. Choose a health and dental plan Enroll in basic life insurance ($20,000) Enroll in disability insurance. All State Employees may Choose to :. Enroll in Vision Benefits - PowerPoint PPT PresentationTRANSCRIPT
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Option PeriodBenefits Enrollment
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Choose a health and dental plan
Enroll in basic life insurance ($20,000)
Enroll in disability insurance
All State Employees Are Required To:
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Enroll in Vision Benefits
Enroll in Supplement Life & Dependent Life Insurance
Add Dependent Coverage (health, life, dental & vision)
These are optional benefits
All State Employees may Choose to:
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Online enrollment - Fast, easy, and available 24 hours a day. Enroll online through midnight November 2, 2007 at www.ebc.state.ok.us. Use the handy Benefits Calculator.
orPaper Enrollment - Your Benefits Coordinator will provide you with your paper enrollment form. Complete, sign, date the form and return it to your Coordinator prior to your Coordinator’s established deadline.
TWO WAYS TO complete your ENROLLMENT
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
BENEFITS CALCULATOR
Use the Online Benefits Calculator to see how different benefit elections affect your take-home pay.
Select the Easy Plan Calculator link on the EBC Home Page.
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
•Locate your Welcome/Password letter•Have your USER ID and password ready•Log on to www.ebc.state.ok.us•Find the login section in the upper right corner•Enter your User ID and password
Enroll Online at www.ebc.state.ok.us
Join the Revolution! Enroll Online
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
ONLINE ENROLLMENT PASSWORD LETTER
Log onto www.ebc.state.ok.us
Locate User ID on letter
Employee ID used (no longer using social security number)
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Type your ID and
Password here for Online
Enrollment
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
• Make your selections• Sign and date your Enrollment Form• List dependents on back of form• Complete separate form for Supplemental
Life (Additional documentation may be required)
• Check with your Benefits Coordinator for the deadline to submit your enrollment form
Paper Enrollment Tips
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
ENROLLMENT PAPER FORMAdd or drop your
dependent coverage in plans by completing the back side of the
paper enrollment form.
Remember! If you cover one dependent,
you must cover all dependents.
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
MATERIALS FOR PLAN YEAR 2008
You should have the following materials:Benefits Enrollment Guide 2008
Health Plans Comparison Guide 2008 (Gold Booklet)Provider Guide 2008
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Paper Enrollment Form
BAS Letter with User ID and password
Online Enrollment BAS brochure
You should also have the following:
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Premium Conversion = Tax Savings
You will be automatically enrolled in premium conversion unless you choose “no” during online
enrollment or on your paper form
– Nearly 97% of employees currently choose premium conversion
– You pay NO TAX on eligible insurance premiums
Enrollment Options
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Health Plan options available for 2008 include:
HealthChoice HighHealthChoice BasicHealthChoice S-AccountAetna Standard HMOAetna Alternative HMOCommunityCare Standard HMOCommunityCare Alternative HMOGlobalHealth Standard HMOGlobalHealth Alternative HMOPacifiCare Standard HMOPacifiCare Alternative HMO
THE
TRICARE SUPPLEMENT
DOES NOT RETURN
HEALTH PLAN OPTIONS
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
All HMO carriers return with NO CHANGE in the Standard and Alternative plan
designs.
Check your Enrollment Guide for the new 2008 coverage areas and premium
rates.
HMO PLAN OPTIONS
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
• All HealthChoice plans will no longer require a six month waiting period for pre-existing conditions.
• Pre-certification of specific diagnostic imaging services will be required or a penalty will apply.
• Prior authorization for smoking cessation drugs will no longer be required. Limit of two treatment cycles per year.
HEALTHCHOICE PLAN CHANGES
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
HealthChoice S – Account $1,500 Single Deductible$3,000 Family Deductible
Important! Requires verification that a Health Savings Account has been opened at the financial institution of your choice.
Verification must be received by December 15, 2007 or enrollment will default to previous year’s enrollment
elections. You will lose Flexible Spending Account enrollment.
NEW HealthChoice High Deductible Health Plan
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
• No participation in Flexible Spending HealthCare Account
• Not eligible to elect S-Account if participating in spouse’s Flexible Spending HealthCare Account
• Please carefully read the introduction to the plan on page 6 of the Enrollment Guide and review the Health Plan Comparison Booklet
HealthChoice S-Account limits include:
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Be sure to look at your Gold Health Plan Comparison Booklet carefully to review all
health plan designs offered.
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Federal legislation has changed the Retired Military Opt-Out rule. TRICARE Supplement
Insurance will no longer be available.
See page 5 of your Enrollment Guide.
www.ebc.state.ok.us/en/Benefits/Militaryoptout/
RETIRED MILITARY OPT-OUT
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
DENTAL PLAN OPTIONS•Seven plans available for 2008
Assurant Heritage PrepaidAssurant Secure PrepaidAssurant Freedom PPOCIGNA Prepaid DentalDelta’s ChoiceDelta Dental PPO - POSHealthChoice Dental
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
• Annual maximum benefit has increased to $2,000
• Annual orthodontic benefit minimum has increased to $1,800
• Prepaid Plans: Must choose primary care dentist from network, copayment required for services
• Traditional plans: (HealthChoice and Delta Dental) have statewide network, share costs through co-insurance plan design
DENTAL PLANS
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Assurant Secure PrepaidLower premiumsModerately higher copaysMust choose a primary care dentist in-network
Check rates and plan designs for all dental carriers on pages 8 & 9 of Enrollment Guide
New Dental Plan Available
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
All five vision plans return this year. Coverage is provided by the following:
CompBenefitsPrimary Vision Care Services (PVCS)
SpecteraSuperior Vision ServicesVision Service Plan (VSP)
Be sure to make an enrollment election if you want to change your vision carrier or do not want vision in 2008.
VISION PLANS
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
BENEFIT ALLOWANCEState employees receive a generous benefit allowance from the State that offsets premium costs. The benefit allowance
amounts for 2008 are as follows:
Benefit Allowance MonthlyEmployee Only $554.48Employee + Child $799.56Employee + Children $889.92Employee + Spouse $1,107.89Employee + Spouse + Child $1,352.97Employee + Spouse + Children $1,443.33
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
For expenses not covered by your health plan, use a Flexible Spending Account. This is a great way to fund out of pocket expenses
and receive tax savings.
Two types are available: • Health Care Account
• Dependent Care Account
FLEXIBLE SPENDING ACCOUNTS
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Use a Debit Card for most eligible FSA expenses! Just swipe the card to pay!
Enroll for debit card during online enrollment or check
“yes” on paper form.
Had a card last year and want to use it again in 2008?
Check “yes” online or on paper, and use the same card you presently have.
Debit card is only available when participating in a Flexible Spending Account.
Convenient and Free!
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
The Health Care Account maximum contribution is $350 per month.
Contribute as little as $10 per month.
Dependent Care Account minimum monthly contribution is $50. The maximum monthly contribution is
$416.66.
www.ebc.state.ok.us
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
You also have additional time to incur eligible expenses. Eligible expenses can be incurred until
March 15th after the end of the Plan Year.
To estimate your eligible expenses
use the online FSA calculator on EBC’s
web site – www.ebc.state.ok.
us or visit www.mybenny.com
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
SUPPLEMENTAL LIFECoverage available in $20,000 units.
$300,000 maximum or 5x salary, whichever is LESS.
Complete Life Application Form & send directly to address on form.
Deadline for submission is postmark of November 9, 2007
Salary verification required for increases in coverage
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
DEPENDENT LIFEPremier Option
$20,000 spouse/$10,000 ea child/$1,000 newborn to 6 months
Standard Option$10,000 spouse/$5,000 ea child/$1,000 newborn to 6
month
Low Option$6,000 spouse/$3,000 ea. Child/$1,000 newborn to 6
months
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
DISABILITY INSURANCE
Monthly Maximum Disability Income for Short-term disability is $2,500 per month
Monthly Maximum Disability Income for Long-term disability is $3,000 per month
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
OK HEALTH Mentoring Program
Enroll in a free program to assess your health and receive up to 23 visits free with a professional mentor.
Your agency may provide an additional financial incentive to participate.
Enroll online at www.ebc.state.ok.us/en/okhealth
If you are already enrolled, you do not need to enroll again.
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
• This is the time of year to add or drop dependents from coverage. Remember: If you cover one dependent, you must cover all dependents for that benefit election.
• Your benefit choices and dependent elections are irrevocable. Changes after Option Period are only allowed if you qualify for certain events described by the IRS.
• When selecting a benefits plan, remember that you select the plan, not your doctor. If your doctor ceases to participate in your plan’s network during the Plan Year, you will not be able to switch plans. You will, however, be able to choose another doctor.
• Your enrollment materials contain valuable phone numbers and web site addresses.
Important Notes
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
• To participate in a health care or dependent care reimbursement account, you must re-enroll each year.
• Choose only one method of enrollment – Online or Paper
Important Notes
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Be sure to enroll on time. Take your enrollment seriously. Failure to enroll may have consequences you didn’t intend.
If you fail to enroll, your medical, dental and vision plan elections will remain the same as your 2007 elections.
Elections for Flexible Spending Accounts terminate if you fail to enroll.
You will automatically be enrolled in Premium Conversion
Enroll Online at www.ebc.state.ok.usMake your elections on or before November 2, 2007
ENROLLMENT IS IMPORTANT!
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
Remember the BENEFITS CALCULATOR!
Use the Online Benefits Calculator to see how different benefit elections affect your take-home pay.
Select the Easy Plan Calculator link on the EBC Home Page.
www.ebc.state.ok.us
PLAN YEAR 2008
OKLAHOMA
1907-2007
A Unique History. An Extraordinary Future.
Prepared by the Employees Benefits Council
ENROLL ONLINE!
Login to enroll Online on or after October 8th.
Option Period Runs fromOctober 8th through November 2nd or your agency’s deadline