BENEFITS

1
BENEFITS

• TAX SAVINGS PROGRAM Elected premiums will be
  sheltered on a before-tax basis under Section 125
  of the IRS Tax Code
• You have thirty (30) 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. You can make
  changes to your pre-tax benefits for the
  following year
• Coverage is locked for calendar year unless there
  is a qualified status change. You must make
  changes to benefits within thirty (30) days of
  the status change.
• ELIGIBLE DEPENDENTS Include your spouse,
  domestic partner, dependent child(ren), and
  domestic partner dependent child(ren)

2
30 DAYS FROM HIRE
NEW HIRE TAX SAVINGS PROGRAM ELECTION FORM For
January 1 - December 31, 2003
ANY APPLICABLE ENROLLMENT FORMS Health Dental
Premium/PPO and Indemnity Voluntary Life
Insurance Cancer Insurance Heart Care
Insurance Vision Long Term Care Insurance
3
HEALTH INSURANCE

• Independent College and University Benefits
  Association (ICUBA) Three CIGNA PPOs
• 800-244-6224 www.cigna.com
•        
• College currently subsidizes 63 of the total
  premium for employee and eligible dependents
• Health Insurance Premiums
• Declining Insurance Now
• Pre-existing conditions- Need proof of prior
  coverage to waive

4
HEALTH INSURANCE

• Gold Silver Bronze
• Office Visits GP 10 15 20
• Specialist 15 20 25
• Deductible (Ind/Family) 0
• Hospital Inpatient 200 co-pay 90 after
  ded 80 after ded
• 100
• Outpatient 50 co-pay 75 co-pay 100 co-pay
• Procedure
• ER /Urgent Care 50 75 100
• RX (1 month) 10/25/40
• Mail Order (3 month) 20/50/80
• In Net Max Out of Pocket 2,000/4,000 2,500/
  5,000 3,000/6,000
• Out of Network 70 after ded 70 after
  ded 60 after ded
• Out of Network Ded 500/1,000
  500/1,000 1,000/2,000

5
DENTAL INSURANCE

• Paragon Dental Insurance - three plans to chose
  from
• Indemnity Plan - Any dentist
• Preferred PPO Plan In Network or Out of Network
  Providers
• Premium Plan Network Providers only (except
  Preventative)
• Deductible and Maximum
• Orthodontia 25 Discount
• Preventative services 100 UCR (average)
• Premium Plan small scheduled amount paid on
  basic and major
• Preferred PPO/Indemnity Plan 50-80 UCR for
  basic and major
• All employees on Premium Plan at no Cost
• www.paragondental.com or 877-760-2247
• Claims go to Paragon Shenandoah and
  Reliastar/Group Link process claims

6
FLEXIBLE SPENDING ACCOUNTS

• Flexible Spending Reimbursement Form
• Pre-tax dollars to pay for qualified health
  and/or dependent care expenses
• Two types Health and Dependent Care
• Minimum and Maximum
• Use it or lose it provision
• Examples of eligible expenses for health account
• Co-pays- office visits and Rx
• Deductible on PPO and dental
• Eye care Costs

7
LIFE INSURANCE

•   COLLEGE PROVIDED Jefferson Pilot Financial
• 2x annual base salary
• Excess Life Tax
• Convertible
• VOLUNTARY Jefferson Pilot Financial
• Employee, Spouse and Child(ren) available
• 10,000-500,000 employee up to 100,000 spouse
• Guaranteed Issue
• Portable
• See Rate Sheet for rate per 1,000 per month

8
CANCER HEARTCARE VISION

• Cancer Heart Care
• 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
• Vision 20/20 Eyecare Plan
• Network Providers
• Eye exam lenses every 12 months
• 4 co-pay exam 10 co-pay for supplies In
  Network
• 85.00 Frame Allowance
• 119 Contact Lenses Allowance in Lieu of
  Eyeglasses
• Premiums 5.75 single 10.38 Two Person
  17.10 family
• Small out of network reimbursement
• Enrollment Form

9
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

10
30 DAYS FROM HIRE

• HEALTH
• DENTAL
• FLEXIBLE SPENDING ACCOUNTS
• VOLUNTARY LIFE INSURANCE
• CANCER
• HEART CARE
• VISION
• LONG TERM CARE INSURANCE
• Return New Hire Tax Savings Form all applicable
  enrollment forms

11
403b RETIREMENT PLAN

• Voluntary Pre-tax contributions allowed anytime
• Matching from College after 1 year of service
  21 yrs old
• Possibly waive 1 year if from another college or
  university
• Two core companies TIAA/CREF Fidelity
• American Century TIAA/CREF SRA for employee
  voluntary only
• 100 Vested
• Employee maximum for 2003 12,000
• Catch up provisions
• Complete Salary Reduction Agreement Account
  Application(s)
• Sign up anytime and make changes anytime

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ADDITIONAL COLLEGE PROVIDED BENEFITS

• Long Term Disability
• Travel Accident Insurance
• Vision Discounts Outlook Vision Services, FOCUS