New Hire Benefits Information

1. New Hire Benefits Information Office of Human Resources and Employee Relations

2. Important Benefits Information • You have 30 days from your date of hire to enroll in benefits. Enroll in benefits online using the ADP Self Service Portal. • If you are a monthly paid employee, you have 60 days to enroll in retirement. You default into the Teachers Retirement System of Georgia plan if you do not submit your retirement decision by the above deadline. • Retirement elections cannot be made online. Submit your retirement decision to the Office of Human Resources and Employee Relations. • Verification documents are required to enroll spouse and children in benefits. • Insurance cards will be mailed in 10 – 14 business days after your enrollment.

3. HEALTH PLAN 1: Blue Cross Blue Shield of GA Open Access POS Plan (PPO)

4. HEALTH PLAN 1: Open Access POS Plan (PPO) Pharmacy Benefits

5. HEALTH PLAN 1: Monthly Premium

6. HEALTH PLAN 2: Blue Cross Blue Shield of GA HSA Open Access Plan (PPO)

7. HEALTH PLAN 2: Monthly Premium

8. INSURANCE DEFINITIONS Balance Billing: The dollar amount charged by a provider that is in excess of the plan’s allowed amount for medical care or treatment. Amounts that are balance billed by a provider are the member’s responsibility. Deductible: A fixed dollar amount that a member must pay out-of-pocket, each plan year, before the health care plan will begin to pay for covered benefits. Out-of-Pocket (Stop Loss): The maximum amount of healthcare plan expenses that a member will be required to pay during a plan year. Out-of-pocket expenses include member deductibles and member co-insurance payments required on an annual plan year basis. Once a member reaches his/her out-of-pocket limit, the healthcare plan will pay for 100% of covered expenses for the remainder of the plan year. Member costs incurred for balance billing will not apply toward the annual maximum out-of-pockets limits (stop loss).

9. Flexible Spending Account (FSA) vs. Health Savings Account (HSA)

10. Dental Insurance

11. Dental Insurance Definitions:BALANCE BILLING: The dollar amount charged by a provider that is in excess of the plan’s allowed amount for medical/dental care or treatment. Amounts that are balance billed by a provider are the member’s responsibility. Member costs incurred for balance billing will not apply toward the annual deductible.NETWORK RATE: The rate that has been negotiated by MetLife for dental services MAXIMUM ALLOWED CHARGE: The lesser of the amount charged by the Dentist; OR the maximum amount which the In-Network Dentist has agreed with MetLife to accept as payment in full for the dental service. REASONABLE/CUSTOMARY CHARGE: The lowest of: • The Dentist’s actual charge for the services or supplies; OR • The usual charge by the Dentist or other provider of the services or supplies for the same or similar services or supplies; OR • The usual charge of other Dentists or other provider in the same geographic area equal to the 99th percentile of charges as determined by MetLife based on charge information for the same or similar services or supplies maintained in MetLife’s Reasonable and Customary Charge records. An example of how the 99th percentile is calculated is to assume one hundred (100) charges for the same service are contained in MetLife’s Reasonable and Customary charge records. These one hundred (100) charges would be sorted from lowest to highest charged amount and numbered 1 through 100. The 99th percentile of charges is the charge that is equal to the charge numbered 99.

12. Dental Insurance Waiting Periods: BOR MetLife Plan • After enrollment in the plan: • Six (6) month waiting period for orthodontic care. • Two (2) year waiting period for some restorative care services, i.e. replacement of full dentures GC MetLife Plan • If enrolling during your first 30 days of employment, there is no waiting period for services. • If enrolling during the open enrollment period, there is a one (1) year waiting period for basic, restorative, and orthodontic care.

13. Dental Insurance: Monthly Premiums

14. Vision Insurance:

15. Vision Insurance: Plan Exclusions • Any hospital, surgical or treatment facility, or for services of an anesthesiologist or anesthetist. • Prescription drugs or pre-medications, whether dispensed or prescribed. • Medical or surgical treatment of eye, eyes, or supporting structures

16. Disability Insurance If enrolling during your first 30 days of employment, no Evidence of Insurability is required for disability insurance. However, if you enroll in disability insurance during open enrollment, your enrollment is subject to Evidence of Insurability. SPECIAL NOTE: PRE-EXISTING CONDITION LIMITATION: You will be considered to have a Pre-existing Condition and will be subject to the Pre-existing Conditions Limitation if: • (1) the disability begins in the first twelve (12) months after your effective date; and • (2) you have received medical Treatment, consultation, care or services, including diagnostic procedures, or took prescribed drugs or medicines for the Sickness or Injury, whether specifically diagnosed or not, causing such disability, during the three (3) months immediately prior to your effective date of insurance. • Weekly Income Benefits will not be paid for a disability caused by; contributed to by; or resulting from a Pre-existing Condition unless you have been Actively at Work for one (1) full day following the end of twelve (12) consecutive months from your effective date of insurance.

17. Board of Regents CIGNA Life Insurance Spouse/Child Life: $4.70 = $10,000 per covered member Supplemental Life: 1X – 3X Salary – No Evidence of Insurability required 4X – 5X Salary – Evidence of Insurability required SPECIAL NOTE: You must be enrolled in the supplemental life insurance at least ten (10) years prior to retirement in order to continue the benefit into retirement. The maximum benefit in retirement is $15,000.

18. Board of Regents CIGNA Life Insurance CONVERSION POLICY: If you leave the Board of Regents and would like to convert their life insurance coverage, you must do so within 30 days of termination. The conversion insurance may be a type of life insurance currently being offered for conversion by the insurance company at your age and in the amount requested. It may not be term insurance and it may not be for an amount greater than the Life Insurance Benefits in force under the Policy. Conversion life insurance will not provide accident, disability or other benefits.

19. Board of Regents CIGNA Life Insurance FREE VALUE ADDED BENEFITS • CIGNA Will Preparation Program: Last Will and Testament; Living Will; Health Care Power of Attorney; Financial Power of Attorney; Estate Planning Information; HIPAA Authorization Forms; Online life and disability planning kits; and Funeral Planning Services • CIGNA Healthy Rewards: Up to 60% discounts on health and wellness services • CIGNA’s Identity Theft Program: Review credit information to determine if identity theft occurred; Provide identity theft resolution kit and an affidavit for credit bureaus and creditors; Assist with cancellation and replacement of lost or stolen credit cards and documents; Help with emergency travel arrangements, translation services and message relay • CIGNA Living Benefits: • Terminal Illness Benefit – Employees who are considered to have a terminal illness can qualify to receive 50% of their life benefit up to $250,000. • Critical Illness-Specified Disease – 25% of the coverage in force up to a maximum benefit of $50,000.

20. GC Reliance Standard Life Insurance Child Life: $4.70 = $10,000 per covered child Spouse Life:$10,000 to $250,000 in increments of $10,000, not to exceed 50% of the Employee’s Covered Amount (Premium is based on spouse’s age) • Spouses under age sixty (60): Amounts of insurance over $30,000 are subject to our approval of your spouse's proof of good health. • Spouse age sixty (60) and over: Amounts over $10,000 subject to EOI Supplemental Life: 1X – 5X Salary; Guaranteed Issue - $300,000 Evidence of Insurability Required for Coverage Amounts over $300,000

21. GC Reliance Standard Life Insurance • Conversion: can convert to an individual policy once no longer employed by GC • Portability: can continue under the plan for a period of two (2) years once no longer employed by GC SPECIAL NOTE: You must be enrolled in the supplemental life insurance at least ten (10) years prior to retirement in order to continue the benefit into retirement. The maximum benefit in retirement is $15,000.

22. AFLAC Benefit Options Cancer Policy: If you or your covered dependent under the policy is diagnosed with cancer and receives treatment, AFLAC Cancer Policy pays CASH benefits directly to you, unless you choose otherwise. This means you will have additional resources to help with the financial consequences of cancer that may not be covered by major medical insurance. This plan does not have any deductibles or copayments. The plan is fully portable and guaranteed renewable. There are no network restrictions – you choose your own medical treatment provider.

23. AFLAC Benefit Options Cancer Policy Monthly Premiums: Pre-Tax Deductions

24. AFLAC Benefit Options 24-Hour Accident Only Insurance: AFLAC pays CASHbenefits directly to you, unless you choose otherwise, if a covered member’s accidental death, dismemberment, or injury is caused by a covered accident that occurs on or off the job. The Accident Policy has: • No deductibles and no copayments • No lifetime limit – policy won’t terminate based on number or dollar amount of claims paid. • No network restrictions – you choose your own medical treatment provider. • No coordination of benefits – AFLAC pays regardless of any other insurance.

25. AFLAC Benefit Options Accident Policy Monthly Premiums: Individual - $23.58 Single Family - $34.98 Employee + Spouse - $30.56 Family - $45.50

26. Georgia College AFLAC Representative Contact Information: John Collins Email: john_collins@us.aflac.com Phone: (478) 454-7512

27. Retirement Option 1: Optional Retirement Plan (ORP) ORP through Fidelity, TIAA-CREF, and Valic are available on the first day of hire. These plans are defined contribution plans. Employees are vested immediately. Your retirement depends on the value of the plan and your select method of withdrawal at the time of your retirement. The University contributes 9.24% of your gross salary and you contribute 5% of your gross salary. Choosing one or more of these vendors gives you the flexibility to invest your retirement funds in fixed income securities, bonds, equities or a combination of these.

28. Retirement Option 2: Teachers Retirement System of Georgia (TRS) TRS plan is a defined benefit retirement plan for employees of Georgia College. You must participate in the plan for at least ten (10) years to become vested and reach the normal retirement age of 60 to receive a benefit. The defined benefit is equal to 2% of your highest 24 consecutive month’s salary times the number of years of service. The University contributes 11% of your gross salary and you contribute 5.53% of your gross salary to TRS.

29. Tax Deferred Annuities

30. Benefits Links • Team Georgia – Employee Discounts • ADP Self Service and Benefits Enrollment • BCBSGA Special Discounts • BCBSGA website (Provider Finder) • GC Benefits website • MetLife Dental • Humana Vision • Discovery Benefits – Flexible Spending Account • U.S. Bank – Health Savings Account • Fidelity Investment – Retirement Vendor • TIAA-CREF – Retirement Vendor • Valic – Retirement Vendor • Teachers Retirement System of Georgia

31. End of Session