Yearend Benefit Options

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Year-end Benefit Options
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First, what do I have now?

• Refer to Your Personal Benefits Statement
• Mailed to your campus mailbox week of Oct 23
• Or log into ESS Employee Self Service (link is
  on our homepage, www.uams.edu/ohr )
• Or call Human Resources/Employee Services at
  686-5650

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UA offering Open Enrollment !

• UA is offering open enrollment for Medical
  Dental plans through Dec 15, 2006.
• UA does not offer annual enrollment every year.
• Take advantage now! It may be years before we
  have another open enrollment.
• Only other option to add coverage is if you are
  within 31 days of a qualified family change (such
  as marriage, divorce, or birth of child also
  spouses loss of coverage if he/she quits
  working).

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Open Enrollment through Dec 15

• In additional to Medical Dental, Open
  Enrollment is also being offered for
• Flexible spending accounts
• Premium conversion
• NEW vision plan
• NEW critical illness plan
• Long term care plan
• Basically, open enrollment is underway for all
  insurance plans except Life and LTD.
• Your new benefits would take effect January 1,
  2007.
• Mark December 15 on your calendar so you dont
  miss the deadline!

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What else is new besides Open Enrollment?

• Optional LTD rates increasing by 3.5 on 1/1/2007
• Current highest possible rate of 36.67 (for
  someone who makes 100,000 or more) is increasing
  to 37.95.
• Minor plan changes to Long Term Disability
• Tuition discount forms being accepted now for
  Spring 2007 semester
• Complete Personal Health Appraisal by Dec 15, get
  100 or 200 premium discount in February

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Personal Health Appraisal (PHA) What is it?

• Part of new UA ChooseWell wellness preventive
  care program available to medical plan enrollees
• Tool to assess your risk for a health problem
• QCare nurses can help you with a health action
  plan also help you to understand your medical
  and prescription benefits.
• Only applies to employees spouses enrolled in
  medical as of October 1, 2006
• Premium discount is the carrot.

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Personal Health Appraisal (PHA) What you need to
do

• Log into the secure website of QualChoice/QCare
  and complete the PHA before Dec 15.
• Instructions are on our website.
• Paper form available in Human Resources for
  employees without access to a computer

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Medical insuranceWhats new?

• No rate changes
• No benefit changes
• However, Drug Formulary may be updated to address
  new drugs added to the market.
• Go to www.uams.edu/ohr (human resources home
  page) and click on Benefits, then Medical to look
  at a benefit summary, comparison of plans, rates,
  etc.
• Open enrollment information mailed to home and
  campus addresses

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Medical insuranceWhat you need to do

• Open Enrollment
• Complete QualChoice form if you want to enroll.
  Also complete form if you want to add any family
  members.
• Current Participants
• No action required if you dont want to make any
  changes
• Complete Open Election form if you are already
  enrolled in Medical but want to change plans
  from Classic to Point of Service, or vice versa.
• Review eligibility of family members. Drop
  coverage NOW for any ineligible ex-spouses or
  children.
• Take the Personal Health Appraisal!

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Medical insuranceChange plans? Your decision.

• Classic Managed Care Plan
• Similar to an HMO no benefits outside UA
  QualChoice network
• Lower premium
• Reduced mental health benefits (10 visits per
  year), no TMJ coverage
• Point of Service Plan
• Same in-network benefits as Classic, but also
  pays some if you go out-of-network (after
  separate deductible is satisfied)
• Higher premium because of the additional
  benefits, flexibility
• Best mental health benefits (30 visits per year),
  partial TMJ coverage
• Recommended if you have a child attending school
  out of state

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Dental insuranceWhats new?

• No rate changes
• No benefit changes
• Go to www.uams.edu/ohr and click on Benefits,
  then Dental to look at a dental benefit summary
  and rates.
• Open enrollment information mailed to home and
  campus addresses

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Dental insuranceWhat you need to do

• Open Enrollment
• Complete Delta form if you want to enroll. Also
  complete form if you want to add any family
  members.
• Current Participants
• No action required of you dont want to make any
  changes
• Review eligibility of family members. Drop
  coverage NOW for any ineligible ex-spouses or
  children.
• Add children age 2 or older.

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Section 125 Premium ConversionWhat you need to do

• Nothing if you dont want to change how your
  Medical and Dental premiums are currently
  deducted from your paycheck.
• If you want to change to have your premiums
  deducted on a pre-tax basis, complete the
  pre-tax form.
• Or vice versa --you want to change from pre-tax
  to post-tax fill out the same form.
• Changes take effect first paycheck of 2007.
• FYI, most employees pre-tax to reduce their
  taxes. Risk is that youre locked into that
  deduction and coverage for the year unless youre
  within 31 days of a qualified event.

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Flexible Spending AccountsWhats new?

• Nothing new. Maximum amounts you can contribute
  stay the same 4,000 health care and 5,000
  dependent care.
• 2007 will be 2nd year for the Benefit Card
  (applies to those with a health care FSA).
• ALWAYS keep your receipts when you swipe your
  card. Wait for Conexis to request them. IRS
  rules dictate this.
• Benefit Card use is voluntary. You can opt
  instead to file a paper claim.

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Flexible Spending AccountsWhat you need to do

• Consider if you will have sufficient
  out-of-pocket medical costs in 2007 to do a
  health care FSA.
• Consider if you will have daycare costs in 2007
  to do a dependent care FSA.
• If so and youre comfortable with the FSA claim
  process, enroll on-line at www.conexis.org
  between Nov 15 and Dec 15.
• Current participants re-enroll if you want to
  participate next year.
• Go to www.uams.edu/ohr and click on 2007 Open
  Enrollment for details and link to Conexis
  website (where you enroll on-line).

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Vision planNew voluntary benefit

• Open Enrollment through December 15
• Enroll through the carrier, Spectera
• Monthly premium between 5.89 (employee only) and
  18.07 (family)
• Pre-tax premium deduction
• You must keep coverage for entire year, no
  changes.
• Benefit highlights if you see a Spectera provider
• You pay 10 for annual eye exam
• You pay 20 for eyeglasses (once every 2 years)
  or for contacts (once every year)

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Vision planWhat you need to do

• Consider if this plan will benefit you.
• If so, enroll before December 15 deadline.
• Enroll on-line at www.spectera.bswift.com
• If you are setting up a 2007 health care FSA,
  only factor in 30 out-of-pocket costs for
  eyeglasses
• 10 co-pay for office visit
• 20 materials co-pay to cover eyeglasses or
  contacts

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Critical illness planNew voluntary benefit

• Open Enrollment through December 15
• Enroll through the carrier, MetLife
• Benefit highlights
• Entire policy (10,000 to 100,000) generally
  paid out in full upon diagnosis. You spend it
  as you like.
• Covers cancer, heart attack, stroke, major organ
  transplant, kidney failure, coronary artery
  bypass graft
• Replaces Transamerica cancer policy

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Critical illness planWhat you need to do

• Consider if this plan will benefit you.
• If so, enroll before December 15 deadline.
• Enroll on-line at www.metlife.com/mybenefits,
• Or fill out form that MetLife sends to you.
• If you have Transamerica cancer policy, decide if
  you want to
• Replace that with MetLife critical illness
• Keep it and also sign up for MetLife critical
  illness (2 policies are ok)
• Keep Transamerica cancer and pay premium directly
  to Transamerica starting in Jan or Feb 2007 (they
  will send you direct bill info).

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Long term care planWhats new?

• No changes to benefits offered by CNA to new
  employees
• But special Open Enrollment is being offered to
  current employees, through December 15.
• Current participants may be given the opportunity
  through CNA to upgrade their coverage during Open
  Enrollment.

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Long term care planWhat you need to do

• Consider if this plan will benefit you.
• Open Enrollment
• Enroll on-line at www.ltcbenefits.com by December
  15.
• Or send in form that CNA sends to you.
• Current Participants
• No action required of you dont want to make any
  changes
• Consider upgrading or adding automatic benefit
  increase option as offered by CNA through the
  mail.

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Where to get forms, ask questions

• Employee Services, Human Resources
• Mini front desk relocating in early December to
  first floor Barton Research.
• Rest of Employee Services relocating to house
  behind Burger King
• Call 686-5650
• Go to our website, www.uams.edu/ohr. Click on
  2007 Open Enrollment. Forms are available here,
  also links for on-line enrollment through the
  carriers.