uasi orientation-benefits
DESCRIPTION
A introductory presentation on the benefits offered by UASITRANSCRIPT
Welcome to
New Employee Orientation - Benefits
Summary of Benefits
Health Insurance*– Anthem Blue Cross & Blue Shield Dental Insurance*– MetLife Long Term Disability – MetLife Short Term Disability – MetLife Basic Term Life Insurance*– MetLife Voluntary Term Life Insurance – MetLife 401(k) Retirement Savings*– Fidelity Investments Flexible Spending Account* - TASC
*Some plans qualify for IRS Section 125 – Cafeteria Plan – premiums and contributions deducted before tax
Health Insurance
Available to all full and part-time employees working at least 30 hours per week
Eligibility begins on the 1st of the month following 30 days of employment
Coverage provided through Anthem Blue Cross & Blue Shield
PPO Network and High Deductible/HSA options
www.anthem.com/www.myanthem.com
Health InsuranceEmployees have a choice between two plans:
Anthem PPODeductible $1,000/$3,000
Co-insurance 20%
Office co-pay $20/$50 (specialist)
Prescriptions:
Tier 1 $15
Tier 2 $200 deductible; then $40
Tier 3 $200 deductible; then $60
Employee Cost Per Pay Period:
Single: $45.00
EE/Spouse: $127.00/$165.46*
EE/Child(ren): $102.00
Family: $153.00/$191.46 *
Anthem Lumenos HSADeductible $3,000/$6,000
Prescriptions:
After deductible is met – 0%
Employee Cost Per Pay Period:
Single: $22.00
EE/Spouse: $51.00/$89.46 *
EE/Child(ren): $40.00
Family: $71.00/$109.46 *
*Working Spouse Rate
Health Coverage
AnnualDeductible
HSA
Pre
ven
tive C
are
Preventive Care is covered at 100%
• Amount that needs to be satisfied before health coverage begins
• Preventive care is not subject to deductible
• Option to reimburse from this account
• Receive tax-free interest earnings while your money remains in your HSA
• If HSA funds are used for eligible expenses, then withdrawals are tax free
• Protects you from high costs
• Your annual deductible is also your out-of-pocket maximum.
Resources and Tools• Available via phone • Cost / Quality
Comparisons• More…
The HSA Plan Components
Account Funding Example
2010 Elections – Single PPO $45.00/pay $1,170/year
Flex Spending Account $38.46/pay $1,000/year
Total $83.46/pay
2010 Elections – Single HSA $22.00/pay $572.00/year
HSA Contribution $23.00 – difference in
premiums $38.46 – FSA contribution $19.23 – UASI
Contribution $2,097.94/year in your
HSA Total
$83.46/pay
Dental Insurance
Available to all full and part-time employees working at least 30 hours per week.
Eligibility begins on the 1st of the month following 30 days of employment.
Coverage provided through MetLife. PPO Network www.metlife.com/dental
Dental CoverageDental Coverage Outline:
MetLife DentalType A-Preventative 100%
Type B-Basic Restorative 100%
Type C-Major Restorative 60%
Deductible $50
Annual Maximum $1,000
Employee Cost Per Pay Period:
Single: $12.00
EE/Spouse: $23.00
EE/Child(ren): $25.00
Family: $36.50
Disability Insurance
Available to all full and part-time employees working at least 30 hours per week
Eligibility begins on the 1st of the month following 30 days of employment
Coverage provided through MetLife
Short Term Disability Employee pays 100% of
premium Provides coverage at 60%
of earnings upon qualifying disability
7 day waiting period Long Term Disability
Provides coverage at 60% of earnings upon qualifying disability
90 day waiting period
Basic Term Life/AD&D Insurance
Available to all full and part-time employees working at least 30 hours per week
Eligibility begins on the 1st of the month following 30 days of employment
Coverage provided through MetLife Maximum Benefit Life/AD&D - $15,000 Employee Premium - $1.00 per pay period Late enrollees will need to complete a
Statement of Health prior to enrolling
Voluntary Term Life Insurance
Available to all full-time employees working at least 30 hours per week
Eligibility begins on the 1st of the month following 30 days of employment
Coverage provided through MetLife
Guarantee Issue Employee - $100,000 Spouse - $25,000 Child/ren - $10,000
Amounts above guarantee are subject to the Statement of Health
Premiums are rated based on age
Vision Insurance
Available to all full and part-time employees working at least 30 hours per week
Eligibility begins on the 1st of the month following 30 days of employment
Coverage provided through EyeMed Visit www.enrollwitheyemed.com and choose
“Select” for a list of providers
Vision Insurance
UASI 401(k) Plan
UASI Savings and Retirement Plan Excellent tool for increasing your retirement
savings through Fidelity Investments Participation - age 21 and completed 6 month(s) of
service, as defined by the Plan Enrollment - Eligible employees may begin
participating in the Plan on January 1 or July 1 Additional assistance is available from David Lange
at Merrill Lynch (800) 234-2099 [email protected]
Flexible Spending Account
Two Types of Accounts Medical Reimbursement Account Dependent Care Account
Employees allocate money to be set aside on a “Pre-tax” basis for use of qualified medical expenses or qualified dependent care expenses
Enrollment once a year during company open enrollment period (November/December)
Plan year extends from January to December
Paperwork to Complete and Return
Benefits Benefit Election Form Anthem Enrollment – Health only MetLife – STD, LTD, Dental, Basic Life,
Voluntary Life, Statement of Health EyeMed If you do not plan on enrolling in an
insurance benefit, you still need complete “waiver section” of each form.
We hope your time with
United Audit Systems, Inc. is a long and rewarding
experience