BENEFITS OVERVIEW

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BENEFITS OVERVIEW

• Benefits for Educated Consumers

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BENEFITSPlan Year April 1 March 31

• TAX SAVINGS PROGRAM Elected premiums will be
  sheltered on a before-tax basis under Section 125
  of the IRS Tax Code
• You have thirty-one (31) days from your hire date
  to elect these pre-tax benefits (excludes 403b)
  or you must wait until open enrollment
• Open Enrollment is once a year in February. You
  can make changes to your pre-tax benefits for the
  following year effective April 1st.
• Coverage is locked for benefit plan year
  (April-March) unless there is a qualified status
  change. You must make changes to benefits within
  thirty-one (31) days of the status change. See
  Changing Coverage during the year on the Benefits
  Webpage.
• ELIGIBLE DEPENDENTS Include your spouse,
  domestic partner, dependent child(ren), and
  domestic partner dependent child(ren)

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FORMS EFFECTIVE DATES

• NEW HIRE TAX SAVINGS PROGRAM ELECTION FORM
• ANY APPLICABLE ENROLLMENT FORMS

College Sponsored Benefits Health- effective
date of hire Dental-1st of the month after date
of hire Voluntary Benefit Plans Lincoln
Voluntary Life Insurance- effective immediately
for GI Amounts American Heritage Cancer
Insurance- determined by insurance
company American Heritage Heart Care Insurance- -
determined by insurance company 20/20 Eye Care
Plan Vision- 1st of the month after date of
hire CNA Long Term Care Insurance- determined by
insurance company
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ICUBA

• Independent Colleges and Universities Benefits
  Association (ICUBA)
• Better Benefits Through Collaboration
• 6400 Employees from 11 ICUF Schools
• Barry University
• Beacon College
• Clearwater Christian College
• Edward Waters College
• Florida Institute of Technology
• Florida Memorial University
• Nova Southeastern University
• Palm Beach Atlantic University
• Rollins College
• Saint Leo University
• The University of Tampa
• 501(c) 9 corporation to purchase benefits for
  members
• MEWA-multiple employer welfare association
• Pool purchasing power to reduce admin fees,
  commissions, premium taxes and high margins of
  insurance company fees

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ICUBA HEALTH INSURANCE

• Four BlueCross BlueShield (BCBS) of FL PPOs for
  medical benefits
• No primary care physician required and no
  referrals to specialists
• In and out of network coverage available
• Pre-authorization required on certain services
• Four tier Prescription Plan benefits through
  Walgreens Health Initiatives (WHI)
• If declining insurance now- can enroll later
  within 31 days of a loss of coverage/status
  change or during annual open enrollment
• Pre-existing conditions- need proof of a year of
  prior coverage with no more than a 63 day break
  to waive the 1 year pre-existing clause

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Four PPO Health Plans

• Risk/Reward Blue Options PPO
• Risk/Reward Blue Choice PPO
• PPO 70 (Blue Choice)
• PPO 80 (Blue Choice)
• Health Insurance Premiums
• College currently subsidizes 63 of the total
  premium for employee and eligible dependents
• All plans have college funded Health
  Reimbursement Account (HRA)

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ICUBA Health Insurance Plan Design

• Differences
• Co-pays- small amounts you pay for services, (ie.
  Rx, ER)
• Deductibles- larger amounts you pay for services
  outside of office visits, prescriptions, ER
• Coinsurance- cost sharing between you and the
  ICUBA plan
• Annual Out of Pocket Max the most you will
  pay out of pocket during the plan year (excludes
  copays)
• HRA Amounts -monthly contribution to your debit
  card account funded by the College
• Provider Network - Blue Choice (3 plans) vs.
  Blue Options (1 plan)

• All four plans have same
• Prescription drug benefits
• Annual wellness benefit 100
• Enhanced wellness benefits 100
• Plan rules coverage
• BCBS FL website access
• 24/7 health info nurse line
• Blueprint for Health resources
• BlueComplements discounts
• Better You From Blue worksite wellness programs
• ER Urgent Care

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Risk/Reward Blue Options vs. Risk/Reward Blue
Choice

• Risk/Reward Blue Options has
• Same plan design (deductibles maximums)
• Same HRA contribution
• Lower premiums
• Different provider network called NetworkBlue
• Providers rewarded for quality care
• Financial Incentives for following best in class
  guidelines
• comprehensive support services including
  quarterly personalized health record and an
  awards incentive program

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BCBS Health Plan Providers

• To verify if a Provider is in either network
• access the provider directory at www.bcbsfl.com
  and/or
• call customer service at 800-664-5295
• 2 ways to search online
• Choose BlueOptions(Network Blue) or BlueChoice
  (Preferred Patient Care PPO) from the pull down
  Plan box
• Choose All Plans from the pull down box and see
  if the doctor has NetworkBlue or Preferred
  Patient Care PPO in their participating Networks
  list

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In Network- Plan Comparison
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In Network- Plan Comparison
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In Network Deductibles/Max with annual HRA
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BCBS Tools/Resources

• Blueprint for Health
• MyBlueServiceSM Online
• Health assessments
• Lifestyle Management Programs (smoking, weight,
  eating, stress, back pain)
• Educational resources
• Claims history
• Provider look up
• More!
• Health Dialogue 24 Health Coach Line (nurses,
  therapists, dieticians, etc.)
• 1-877-789-2583, day or night, 365 days a year
• Healthy Additions Pregnancy Program
• BlueComplements SM
• Complementary Alternative Medicine Program
  Health Alternatives
• Laser Vision Correction
• Enhanced Vision Care
• Contact Lens Mail Order

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Pharmacy Benefit Manager (PBM)

• Pharmacy Benefit Manager
• Walgreens Health Initiatives (WHI)
• 24/7 Customer Service
• Separate ID card for pharmacy benefits
• Preferred Medication List is available at
  www.mywhi.com
• Four Tier Copay Structure

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2008 Prescription Drug Copays

-Brand with Generic Available Penalty Copay
PLUS the difference between the cost of the brand
the generic drug not to exceed the cost of the
brand drug -Refer to your Preferred Medication
List to determine the actual copays for your
medications
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WHI Pharmacy Networks

• WHI Retail Pharmacy Network
• Consists of over 62,000 chain and independent
  pharmacies nationwide
• Participating pharmacies include Publix, CVS,
  Walgreens, Costco, Wal-Mart, Target, etc.
• WHI Advantage90Retail Network
• Consists of over 39,000 chain and independent
  pharmacies nationwide including Albertsons, CVS,
  Kmart , Medicine Shoppe, Publix, Sam's Club,
  Target , Walgreens , Wal-Mart , Winn-Dixie
• 90-day maintenance medications
• WHI Mail Service Pharmacy
• Mail Service Pharmacy located in Orlando, Florida
• Currently filling more than 9 million
  prescriptions per year
• Capacity to dispense more than 22 million
  prescriptions per year

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HEALTH REIMBURSEMENT ACCOUNTS (HRA)

• US Dept. of Treasury July 2002
• College contributions in addition to 63 of
  premium
• Can be used only by family members on the ICUBA
  medical plan
• Two methods of reimbursement Mastercard Debit
  or paper reimbursement (within 1 year from date
  of service)
• Keep receipts, Explanations of Benefit (EOB), etc
  for verification of medical expense
• Unused money rolls over indefinitely in a secure
  trust fund
• while employed and on a health plan with HRA
• ICUBA Administrator for Flex HRA -
• P.O. Box 616927
• Orlando, FL 32861-6927
• Phone [phone] or 866-377-5102
• Fax [phone]
• benefitsadministration_at_icuba.org
• Check balance online at www.repayme.com

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Health Reimbursement Accounts (HRA)

• Eligible Expenses (full listing in Plan
  Document)
• out of pocket medical services (ie. medical,
  dental, vision)
• Over the counter drugs
• COBRA,long term care, retiree health premiums
• Non-eligible expenses
• life, long term disability, any other pre-tax
  premiums
• non-medical expenses, cosmetic or other not
  medically necessary
• dependents that are not enrolled in the ICUBA
  plan

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Health Reimbursement Accounts (HRA)

• Money earns interest at the FL Dept of Financial
  Services rate on a quarterly basis
• HRA is never taxed
• HRA can never be converted to cash
• Portable with 36 months continuous participation
• (monthly administrative fee applies if no longer
  employed)
• If you drop health/HRA plan without 36
  mthsforfeit
• Leave employment without 36 mthsforfeit
• HRA available end of each month you participate
  in high deductible plan
• 1st of the month after hire for new hires and
  last full month for exits

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HRA Monthly Funding Schedule
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AETNA DENTAL INSURANCE

• Three plans to chose from
• DMO Plan Network Providers only
• PPO Plan In Network or Out of Network Providers
• Indemnity Plan - Any dentist
• www.aetna.com/docfind
• Member Services-877-238-6200

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Aetna Dental DMO Plan

• Primary care dentist selection required
• Change dentist by 15th of month effective 1st
  the following month
• 5 office visit copayment per visit
• Member pays copayments for all services
• Specialty referral required (except
  orthodontists)
• Orthodontia covered for adults and children
• Members receive ID cards with provider designated
• No deductibles, maximums or claims forms
• Internet access to provider information
• In Network Coverage only
• Pre-Determination for anything over 300.00
• One time emergency authorization available

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Aetna Dental PPO Max Plan

• Go to a dentist in or out of network- different
  benefit levels
• Use Participating PPO Dentist - No Balance
  Billing
• Claims are paid based on fee-scheduled amounts
  for the Central Florida area
• Non-PPO Dentist can charge above fee-schedule
  member can be balanced billed
• Lowest out of pocket costs when using PPO Dentists

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Aetna Dental PPO Max Plan

• Annual Deductible
• Individual
  50
• 
  Family 150
• Preventive Services
  100 of fee schedule
• Basic Services
  80 of fee schedule
• Major Services
  50 of fee schedule
• Annual Benefit Maximum 1000
• Orthodontia for adults and children 50
• Orthodontia Lifetime maximum 1000
• No deductible for orthodontia
• Deductible applies to Basic Major services
  only
• -Non network claims paid at the fee-scheduled
  amount

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Aetna Dental PPO Max Examples

• Important Information
• Fee Schedule is based on Contracted Rates with
  PPO Dentists NOT Reasonable and Customary Charges
• Example
• John goes to a participating dentist for a
  crown
• Scheduled PPO Amount for Procedure 2750 (crown)
  551
• Assume Deductible Has Been Met
• Plan pays 50 of Maximum PPO Allowance
  275.50
• Member pays 275.50

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Aetna Dental PPO Max Examples

• Important Information
• Fee Schedule is based on Contracted Rates with
  PPO Dentists NOT Reasonable and Customary Charges
• Example
• John goes to a non-participating dentist for a
  crown
• Scheduled PPO Amount for Procedure 2750 (crown)
  551
• Non-participating dentist charges
  700
• Assume Deductible Has Been Met
• Plan pays 50 of Maximum PPO Allowance
  275.50
• Member pays 700.00(Dentist Charge)-275.50(Maxi
  mum PPO Allowance) 424.50

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Aetna Dental Indemnity Plan

• Go To Any Dentist
• Plan pays at Reasonable Customary (80th
  Percentile)
• Deductible 75.00/150 Family
• Preventive Services 100 of R C
• Basic Service 80 of R C
• Major Services 50 of R C
• Annual Maximum 1000
• Orthodontic Services 50
• Orthodontic Lifetime Maximum 1000

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Aetna Vision Discounts

• 800-793-8616
• Show Aetna Dental Card to receive discounts
• With all Aetna Dental Plans
• Sears, Target, Lenscrafters and Pearl Vision
• Discounts on exams, frames, contacts LASIK
• Additional information online

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FLEXIBLE SPENDING ACCOUNTS

• Two types
• Health Care Spending (HCSA)
• Dependent Care Spending (DCSA)
• Employee pre-tax dollars
• Two methods of reimbursement
• Mastercard Health Debit Card
• paper reimbursement (within 60 days of end of
  plan year)
• Administered by ICUBA
• 866-377-5102 or benefitsadministration_at_icuba.org
• Check Balances at www.repayme.com (use Internet
  Explorer)
• Use it or lose it provision (April-March)
• Accounts must be elected each year during open
  enrollment

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HEALTH CARE SPENDING ACCOUNT (HCSA)

• All IRS dependents, even if not on ICUBA medical
  plan
• Funds available at the beginning of the plan year
  (April 1)
• Maximum of 3,000 per benefit year pro-rated
  based on date of hire
• Keep receipts, explanations of benefit (EOB), etc
  for verification of medical expense
• Examples of eligible expenses for health account
• Co-pays- office visits and Rx
• Deductible on PPO and dental
• Eye care Costs
• Over the counter medicines
• Use it or lose it within the plan year
  (April-March)- Expenses should normally be
  incurred by March 31st, but this is extended
  through June 15th. Any unused money beyond June
  15th is forfeited.

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Health Care Spending Account (HCSA) vs.Health
Reimbursement Account (HRA)

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DEPENDENT CARE SPENDING ACCOUNT (DCSA)

• Dependent care expenses for children under age 13
  or elderly parents if they are your IRS tax
  dependent so that you and your spouse can work
• Funds available as payroll deductions occur
• Maximum of 5,000 per benefit year pro-rated
  based on date of hire
• May be able to use ICUBA Mastercard
• Documentation of dependent care expense required

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VOLUNTARY BENEFIT PLANS

• In addition to the insurance benefits provided by
  Rollins College, various insurance companies make
  other benefits available to employees of Rollins
  College. These benefit programs are not
  sponsored or maintained or endorsed by Rollins
  College, and participation in these programs is
  completely voluntary for employees.
• Voluntary Benefit Plans Offered
• Lincoln National Life Insurance - Voluntary Life
  Insurance
• American Heritage Life Cancer Insurance
• American Heritage Life HeartCare Insurance
• 20/20 Eye Care Plan Vision Insurance
• CNA Long Term Care Insurance
• Open enrollment for voluntary benefit plans will
  occur at the same time as open enrollment for
  College sponsored benefits for ease of
  administration and convenience.

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LINCOLN VOLUNTARY LIFE

• 10,000-500,000 employee
• 10,000 - 250,000 earnings for spouse (50 of EE
  amount limit)
• 2,500- 12,500 for children
• Spouse Children coverage available only with
  additional voluntary employee coverage
• Guaranteed Issue under age 60-150,000 employee
  50,000 spouse
• Portable after 12 months of coverage (except in
  the case of disability or retirement)
• See Rate Sheet for rate per 1,000 per month

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AMERICAN HERITAGE CANCER HEARTCARE INSURANCE

• Supplemental- in addition to health insurance
• Portable
• Contact Agent Jan Hunt for details-407-677-8448
• Cancer 16.98 individual, 30.32 family
• Heart Care 23.46 individual, 45.64 family
• Enrollment Form

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20/20 VISION INSURANCE

• Network Providers- FL Eye Clinic Optical
  Outlets
• www.2020eyecareplan.com or 800-525-9778
• Eye exam, lenses, and frames every 12 months
• 4 co-pay exam 10 co-pay for supplies
• 85.00 Frame Allowance
• 119 Contact Lenses Allowance in Lieu of
  Eyeglasses
• Premiums/month
• 5.75 single 10.38 two-person 17.10 family
• Small out of network/ER reimbursement

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CNA LONG TERM CARE INSURANCE

• Nursing home, home health, caregiver, adult day
  care
• Employee, spouse, parents, grandparents
• Premiums are after tax and do not increase with
  age
• Three levels of benefits- DNB Lifetime Max
• Two plans- Non-Forfeiture Benefit Account
• Life insurance built in
• Guaranteed benefit increase option
• Guaranteed Issue
• Portable
• See Rate Sheet for rates per month

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31 DAYS FROM HIRE

• College Sponsored Benefits
• HEALTH
• DENTAL
• FLEXIBLE SPENDING ACCOUNTS
• Voluntary Benefit Plans
• LINCOLN VOLUNTARY LIFE INSURANCE
• AHL CANCER INSURANCE
• AHL HEART CARE INSURANCE
• 20/20 VISION INSURANCE
• CNA LONG TERM CARE INSURANCE
• Return New Hire Tax Savings Form all applicable
  enrollment forms within 31 days of hire

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LIFE INSURANCE, LTD, TRAVEL

•   Life Insurance Lincoln National Life
• 2x annual base salary
• Excess Life Tax- if life amount over 50,000
• Convertible to individual policy
• Long Term Disability Lincoln National Life
• 66 2/3 of annual base salary
• 180 day elimination period
• Travel Accident Insurance- The Hartford

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Life LTD Additional benefits

• TravelConnect- provides coverage for employees
  and their immediate family members traveling more
  than 100 miles from home on either business or
  pleasure.  Services are provided through MEDEX
  and include 
• assistance replacing lost or stolen travel
  documents
• medical, dental, vision and pharmaceutical
  referrals
• emergency medical evacuation and transportation
• emergency security evacuation
• travel assistance information such as travel
  security information, government travel advice,
  global monitoring, airline insider and crisis and
  warning list alert areas is available on
  www.jpfic.com by selecting the TravelConnect
  link.  You will need to enter your Rollins
  College policy number for life insurance to enter
  the web site. 
•  
• BeneficiaryConnect- provides coverage for
  beneficiaries at the time a life claim payment is
  made.  Services are designed to help
  beneficiaries deal with difficult issues after
  the death of a loved one and include grief and
  legal counseling, financial counseling and
  memorial planning assistance. 
•  

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EMPLOYEE ASSISTANCE PROGRAMS (EAP)

• ICUBA Employee Assistance Program
• Provided by Magellan Health Services
• All eligible employees and members of their
  household can access services at no cost
• Services include
• up to 6 in person counseling sessions per
  incident
• family care resources such as elder care, child
  care and special needs,
• personal legal and financial services
• mind and body discount programs
• online tools and information
• critical incident services and training
• Call 800-416-0835 or www.magellanhealth.com
• EmployeeConnect Employee Assistance Program
• Provided by Bensinger, DuPont and Associates as
  part of the College Life Insurance through
  Lincoln
• All eligible employees and members of their
  household can access services at no cost
• Services include
• up to 4 in person counseling sessions
• telephone and web access 24 hours a day, 7 days a
  week
• telephone access to legal counsel

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Retirement SavingsWhy should I start now?
Power of Time Get Started Early!!!
Source Fidelity Investments
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Decisions to Enroll in the Rollins 403(b) plan

• How much will I contribute?
• Which company (ies) will I choose?
• What asset allocation do I want?
• How when do I enroll?

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How much will I contribute?

• College contribution after 1 year of service
  age 21
• Waiver possible if met eligibility requirements
  from another college or university
• Voluntary pre-tax or Roth after-tax contributions
  allowed anytime
• 100 Vested

IRS Maximum for Employee Contributions 15,500
for 2008 Catch up provisions- 50 years old
(additional 5,000) 15 years of service
(additional 3,000)
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Which company(ies) will I choose?

• Two core companies (employee college)
• TIAA/CREF RA (800-842-2776)
• Fidelity (800-343-0860)
• Employee Voluntary contributions only
• Pre-tax - American Century (800-345-3533)
• Pre-tax - TIAA/CREF SRA
• After-tax - Fidelity Roth

Loans hardship withdrawals allowed only on
employee voluntary money in the TIAA SRA
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Roth 403(b) Option

• After taxes
• Voluntary employee money only
• Fidelity only
• Not for everyone
• May be good for
• Younger employees (longer time horizon)
• Highly compensated individuals not eligible for
  Roth IRA
• Employees who want to leave tax free money to
  their heirs
• Employees who expect to be in a higher tax rate
  in retirement than currently

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What asset allocation do I want?

• Do it yourself allocations
• you do the work
• Targeted Lifecycle Funds
• fund managers do the work

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How When do I Enroll?

• HOW DO I ENROLL?
• Complete Salary Reduction Agreement Account
  Application(s) return to HR
• WHEN DO I ENROLL?
• Sign up anytime and make changes anytime (payroll
  deadline 15th of the month)

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