IU Voluntary Benefits Program

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IU Voluntary Benefits Program
Presented by Marsh Voluntary Benefits
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The IU Voluntary Benefits Program Special
Enrollment PeriodSeptember 1 September
30Enrollment in certain programs with more
favorable conditions regarding proof of good
health.
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Special Enrollment Period

• Long-term Care Insurance for Employees does not
  require proof of good health.
• Short-term Disability Insurance does not have a
  late enrollment penalty (late enrollees have a 60
  day waiting period for illness disability during
  the first 12 months of coverage)
• Vision Wear is only available during an annual
  enrollment period each year. After September,
  the next opportunity for enrollment will be Fall
  2010 for a 1/1/2011 effective date.
• Critical Illness Insurance does not require proof
  of good health for coverage of Employees (up to
  10,000)

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What are Voluntary Benefits?
Optional benefit plans are 100 employee paid.
These plans typically have the advantage of
group rates not available to individuals on their
own and the convenience of premiums paid through
payroll deductions.
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What do benefits cost?

• Premiums are often based on individual factors,
  for example
• short-term disability is based on actual base
  salary
• long term care is based on age at enrollment,
  plus 5 daily benefit options, inflation and
  non-forfeiture options.
• Pet insurance is based on type and age of pet and
  coverage options
• Premium examples are given in the presentation
• Individual quotes are available during plan
  enrollment.
• Payroll deductions are monthly (2nd pay for
  biweekly)

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• IU Programs and eligible groups

Retirees
Program
Special Enrollment conditions apply Appointed
to 50 FTE or more Appointed to 37.5 FTE or
more
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Who is Marsh?
Marsh is the benefits administrator for the
IU Voluntary Benefits Program. Marsh provides
services such as enrollments, ongoing servicing,
billing, marketing, brokerage, customer
administration and claim servicing, and
communications. Therefore, Marsh serves as a hub
for all of your IU Voluntary Benefit needs.
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• Program Description
• Summary of each program available through
• the IU Voluntary Benefits Program

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Long-Term Care Insurance
Underwritten by John Hancock

• Helps an individual manage the expenses
  associated with a nursing home costs and home
  health care.
• An individual could face these expenses at any
  point in life, due to an accident or illness.

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Short-Term Disability Insurance
Underwritten by The Standard

• Helps employees protect their income if they
  experience a disability that results from a
  covered illness or disability
• Available to Full-time staff only.

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Critical Illness Insurance
Underwritten by Unum

• If you suffer a covered critical illness,
  Critical Illness insurance can help cover
  expenses not covered by health benefits or income
  protection coverage
• Some of the covered conditions include
• Heart attack
• Stroke
• Cancer
• Carcinoma in situ
• Coronary artery bypass surgery
• End stage renal (kidney failure)
• And, more.

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Vision Wear Program
Underwritten by EyeMed Vision Care

• Provides benefits and discounts for glasses and
  contacts
• Services provided by private ophthalmologists,
  optometrists, and retail providers
• Consists of a large network of providers
• University affiliated clinics are in-network
  providers
• Atwater Eye Care Center and Community Eye Care
  Center in Bloomington
• Indianapolis Eye Care Center

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Auto, Home, and Renters Insurance
Underwritten by MetLife Auto Home, Travelers,
or Liberty Mutual

• Quotes and application process available starting
  October 1.
• Program offers comparable quotes from three of
  the nations leading auto and homeowners
  insurance carriers.
• Visit one web site or call one toll-free phone
  number to receive comparative quotes.
• Several types of policies available
• Auto
• Homeowners
• Renters
• Condo
• Boat

• Motorcycle
• Personal Excess Liability (Umbrella)
• Jewelry/artwork
• Seasonal Home

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Home Mortgage Program
Offered by Wells Fargo

• Makes home financing easier and less costly for
  thousands of employees across the nation
• Dedicated team of specialists can help you buy,
  build, or refinance
• Exclusive employee benefits such as Wells Fargo
  Closing GuaranteeSM, flexible credit closing
  guidelines, and easy applications and quick
  approval process

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ID TheftSmart Program
Offered by Kroll, Inc.

• Licensed investigator will help reclaim your
  identity to pre-theft status and regaining your
  financial standing
• Receive continuous credit monitoring to alert you
  to any potential problems or suspicious activity

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Pet Insurance
Underwritten by VPI

• Pet health insurance at affordable costs
• Free to visit any licensed veterinarian, no
  pre-approval necessary
• Policies available for dogs, cats, ferrets,
  rabbits, reptiles, and other exotic pets

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How can I receive additional information about
theIU Voluntary Benefits Program?

• Employee and Retiree home mailing materials
• Voluntary Benefits Web site
• www.iuvoluntarybenefits.com
• Customer Service 866-795-6272

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Detailed program information, quotes, and
enrollment will be available in the following two
ways starting September 1

• 1-866-795-6272
• Phone number features
• Toll-free phone number
• Licensed insurance representatives to assist
  customers in determining which programs and
  coverage amounts are suitable
• Representatives available Monday through Friday,
  9 a.m. to 6 p.m. Eastern time

• www.iuvoluntarybenefits.com
• Web site features
• Detailed information on each of the voluntary
  programs
• Interactive tools to help employees make informed
  decisions on the benefits they choose
• Advice and tips on which programs are most
  suitable for employees based on life events, life
  stages and financial goals
• Enrollment

Quotes and application for the Auto, Home, and
Renters Program available starting October 1.
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• Understanding the Enrollment Process
• At www.iuvoluntarybenefits.com you can review
  information about this program and enroll.
• You will be able to view information about each
  plan under the Voluntary Benefits tab or by
  clicking on any of the voluntary benefit plans
  listed down the right-hand side of the home page
• Each program page contains a tab labeled Enroll
  under which employees can enter their personal
  information. As always, information transferred
  through this Web site is safe and secure.
• Premium examples are available on the web
  individual quotes are provided during the
  enrollment process. When you are given your
  individual premium, you can decline or accept
  enrollment.

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Thank You for your attendance and interest in
the IU Voluntary Benefits Program