1 / 10

2022 Employee Benefits Updates and Enrollment Information

Learn about 2022 changes in health and welfare benefits, new health insurance coverage tiers, flexible spending accounts, voluntary retirement plan changes, and more. Attend the Employee Benefits Fair on Nov 7-8 for screenings, flu shots, and enrollment assistance.

marinel
Télécharger la présentation

2022 Employee Benefits Updates and Enrollment Information

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2012 Employee Benefits Changes

  2. Health & Welfare Benefits Changes • New Health Insurance Coverage Tiers • Employee + Spouse, Employee + Child(ren) • New Health Insurance Salary Brackets • Level 1: <26,700.00 • Level 2: 26,700.00 – 39,999,99 • Level 3: >40,000.00 • Passive Enrollment (except FSA/Cancer)

  3. Cancer Insurance • New Colonial Group Insurance Plan • 2 Levels • Guaranteed Issue • 12/12 Lookback Clause • Initial Diagnosis Benefit • Wellness Benefit • Can Keep Existing Aflac and Colonial Products • To Enroll – Johnson Sterling (334) 887-5533

  4. Flexible Spending Accounts (FSA) • Combined with Health/Welfare Open Enrollment • Must Re-enroll Annually – Online or Paper • Use It or Lose It • Grace Period – January 1 – March 15 • Can Use Debit Card

  5. Healthy Tigers • Must Be Screened Annually to get $25/mo. Benefit • For 2012, Spouses (if applicable) Must Also Be Screened • Saturday and After Hours Screenings • Benefits Fair Screenings (Pre-Register) • Can Submit Physician Screening Form • No Pharmacy Screenings in December

  6. Voluntary Retirement Plan Changes 403(b) and 457(b) • New Compensation Sources (Summer Pay, Second Jobs, Supplemental Pay) • Whole Percentages • Matching – No Pay-period Cap • 2012 Contribution Limit – Goes Up to $17,000 (Catch-Up Still $5,500)

  7. Voluntary Retirement Plan Changes 403(b) and 457(b) • One Vendor at a Time Per Plan • Once Vested, Always Vested • Limited to One Loan at a Time • Doesn’t Affect Investments or Teachers’ Retirement

  8. What Must I Do Now? • New Salary Deferral Agreements by November 30 • Use the Calculator! • If You Miss Deadline – Can Start 1st Day of Next Month in 2012 • New Enrollment Application if you are a New Participant

  9. “Getting Ready for 2012” Employee Benefits Fair • November 7 & 8, 8:30 – 4:00 • OIT Building – 300 Lem Morrison Drive • Vendors (TDA Providers, Colonial Cancer) • Healthy Tigers Screenings (Pre-Register) • Flu Shots • Door Prizes • One Stop Shop

  10. Open Enrollment • November 1 – 30, Effective January 1, 2012 • All Insurances – Passive, If No Changes • FSA – Must Re-enroll • Healthy Tigers Screenings • Voluntary Retirement – Complete New Salary Deferral Agreement

More Related