Choosing Your 2006 Benefits

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• Choosing Your 2006 Benefits
• Online Open Enrollment Demo
• via Banner Employee Self-Service

2

• Todays Agenda
• Getting Started
• 2006 Cafeteria Plan provisions
• How to Access Self Service
• Choosing Your 2006 Benefits
• Finalizing Your 2006 Self Service Enrollment
• Questions Answers

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• Getting Started
• You must know
• Your SE Key and Password
• Your pay schedule paid over 12 or 10 months
  annually?
• Information about your 2005 and 2006 Benefits
  Plans
• Names, dates of birth and Social Security for
  covered dependents
• Need Assistance with Southeast Portal access?
• Contact the Help Desk
• Phone [phone]
• Email helpdesk_at_semo.edu

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• 2006 Cafeteria Plan Provisions
• Past Provisions
• Southeast funded 100 of employee Medical Regular
  Plan A premium.
• If Catastrophic Medical Plan B was chosen, extra
  dollars were available to spend on dependent
  medical, employee and dependent vision, and
  employee and dependent dental premiums.
• 2005 Medical Reimbursement Account (MRA)
  contribution - 400. Medical Reimbursement
  dollars can still be utilized upfront during the
  plan year.

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• Cafeteria Plan A Provisions
• Applies if employee chooses Regular Medical Plan
  A coverage.
• Southeast funds 100 of Regular Medical Plan A
  employee premium.
• 450 per year (37.50 per month) for Cafeteria
  Plan A

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• Cafeteria Plan A Example

• Southeast funds
• 100 of employee Regular Medical Plan A
  premium
• Cafeteria Plan at 37.50 per month (450 per
  year)

Dependent Care Assistance
Dependent Medical
Employee and Dependent Vision
Employee Dependent Dental
Cafeteria Plan A Option
Note Employees can contribute pretax dollars
for other Cafeteria Plan Options
Medical Reimbursement Account (MRA)
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• Regular Medical Plan A Benefits

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• Cafeteria Plan B Provisions
• Applies if employee chooses Catastrophic Medical
  Plan B coverage.
• Southeast funds
• 100 of Catastrophic Medical Plan B employee
  premium.
• 450 per year (37.50 per month) PLUS cost
  difference between Regular Medical Plan A and
  Catastrophic Medical Plan B premium.
• Example for Calendar Year 2006
• Cost of Regular Medical Plan A
  391.38
• Cost of Catastrophic Medical Plan B -
  264.98
• Cost difference between Regular Medical
• Plan A and Catastrophic Medical Plan B
  126.40
• Southeast funding of Cafeteria Plan B
  37.50
• Total Monthly Southeast Contribution
• to Cafeteria Plan B 163.90

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• Cafeteria Plan B Example

• Southeast funds
• 100 of employee Catastrophic Medical Plan B
  premium
• Cafeteria Plan at 163.90 per month (1,966.80
  per year)

Dependent Medical
Dependent Care Assistance
Employee and Dependent Vision
Cafeteria Plan B Option
Employee Dependent Dental
Note Employees can contribute pretax dollars
for other Cafeteria Plan Options
Medical Reimbursement Account (MRA)
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• Catastrophic Medical Plan B Benefits

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• Examples of Monthly Cafeteria Plan Funding

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• Examples of Monthly Cafeteria Medical Plan Costs

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Examples of Other Cafeteria Plan A and B Monthly
Costs
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(No Transcript)
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• Additional Cafeteria Plan Provisions
• You must elect a Cafeteria Plan option in order
  to receive funding.
• If Cafeteria Plan dollars are not spent in full,
  funding will be modified to reflect total
  premiums of elected benefits.
• The 450 Cafeteria Plan dollars will be prorated
  for part-time regular employees based on
  percentage of assignment.
• The 2005 MRA contribution of 400 WILL NOT be
  automatically applied this is being replaced by
  the 450 Cafeteria Plan contribution for 2006.

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• How to access Self Service
• On the My Southeast login page, enter your SE Key
  and password in the Secure Access Login.

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• Choosing Your 2006 Benefits
• Click on the Employee tab then click the link
  to open the My Southeast Self Service tab.

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• On the Main Menu page, click Employee.

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• On the Employee page, click Benefits and
  Deductions.
• (will not be able to access leave report, time
  sheet, tax forms, and pay information until
  January 2006)

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• On the Benefits and Deductions page, click Open
  Enrollment.

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• The Open Enrollment Page

• Open Enrollment Start Date October 10, 2005
• Open Enrollment End Date October 28, 2005
• Benefits Effective Date January 1, 2006
• Biweekly paid employees will see a December 11,
  2005, date, which is the pay period begin date
  for check date January 5, 2006.

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• Open Enrollment Screen Options
• Health
• Cafeteria Plan options
• Medical Insurance options
• Dental Insurance options
• Vision Insurance options
• Flex Spending
• Medical Reimbursement Plans
• Dependent Care Assistance Plans

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• Health Options
• Select Cafeteria Plan
• Medical, Dental and Vision Insurance plans.
• Remember to select plans according to your pay
  schedule (12 or 10 pay).
• Remember to click Add Choice button after each
  insurance plan selection is made.

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• Flex Spending Options
• Select Medical Reimbursement and Dependent Care
  Assistance plans.
• Remember to select plans according to your pay
  schedule (12 or 10 pay).
• Enter an amount PER PAY PERIOD in the deduction
  amount box.
• Monthly paid employees 12 annual pay periods
• Biweekly paid employees 24 annual pay periods

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• Flex Spending Options continued
• Calculating the per pay period deduction
• Example If choosing a 1,300 annual Flex
  Spending Account
• Biweekly employees 1,300 / 24 pay periods
  54.16
• Monthly employees 1,300 / 12 pay periods
  108.34
• Monthly employees 1,300/ 10 pay periods
  130.00
• Remember to click Add Choice button after each
  insurance plan selection is made.

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• Supplemental Life and Dependent Life Insurance
  Elections
• If electing for the first time or making changes
  to a current election
• From Open Enrollment Menu, click on link at top
  of the page to access plan information and
  request form.
• Complete request form
• Click submit to send to Human Resources
• Current elections will remain in effect until
  evidence of insurability approval is received
  from The Standard Insurance Company.

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• Click link to access plan and premium information
  regarding supplemental and dependent life
  insurance coverages.

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• Finalizing Your 2006 Banner Self Service
  Enrollment
• From the Open Enrollment Menu, select the
  Calculate Cost button to review your plan
  selections and associated costs.
• Access your Health and Flex Spending options to
  make changes, if needed.
• IMPORTANT Must click the Complete button on
  your Open Enrollment Menu to finalize and submit
  your 2006 selections.

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• Adding Dependent Information
• From the Benefits and Deductions Menu, select
  Beneficiaries and Dependents option.
• Click Add a New Person.
• Complete form and click Submit Changes.

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• From the Benefits and Deductions page, select
  Beneficiaries and Dependents.

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• On the Beneficiaries and Dependents page, click
  Add a New Person, then complete the form.
  Remember to click submit changes to add.

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• Assigning Beneficiaries/Dependents to your
  elections
• Select name of dependent.
• Enter begin date for desired benefit (01/01/2006)
  and check the Choose Benefit box.
• When finished, click Choose or Update box.
• NOTE Since a future begin date was entered,
  Self Service will not display active dependent
  coverages until 01/01/2006.

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• To assign coverage, select the name of the
  dependent listed on the Beneficiaries and
  Dependents page.

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Enter Begin Date of coverage as 01/01/2006, and
select the checkbox under Choose Benefit.
Indicate Other Coverage from the pull-down list,
if applicable.
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• Benefits Office Contact Information
• Phone [phone]
• E-mail benefits_at_semo.edu
• Open Lab Schedule (Dempster Hall, Room 103)