Amelia County Public Schools Benefits Overview Good morning new and - - PowerPoint PPT Presentation

Amelia County Public Schools Benefits Overview

• Good morning new and returning staff at Amelia County

Public Schools!

• We’ve been busy this spring/summer reviewing the

important benefits we offer our team members.

• A new benefits consultants was hired as well as a new

voluntary benefits specialist.

• We are excited to share some of our hard work with each
• f you today.

Amelia County Public Schools

• For our core benefits package, we will continue to offer

the same three plans we do today:

– Key Advantage 500 – Key Advantage 1000 – High Deductible Plan with a Health Savings Account (HSA)

• After negotiation, we were able to reduce the increase to

14.9% beginning October 1st.

• Fortunately, ACPS is absorbing 2/3 of the increase.

Amelia County Public Schools

Plan Option Coverage Tier Employer Employee Total Monthly Premium

Key Advantage 500 Employee $719 $148 $867 Dual $1,142 $463 $1,605 Family $1,380 $963 $2,343 Key Advantage 1000 Employee $686 $140 $826 Dual $1,089 $439 $1,528 Family $1,321 $909 $2,230 High Deductible Health Plan Employee $593 $118 $711 Dual $945 $371 $1,316 Family $1,153 $767 $1,920

Shared Plans - Monthly Rate Table

Key Advantage 500 Dual $1,373 $232 $1,605 Family $1,861 $482 $2,343 Key Advantage 1000 Dual $1,308 $220 $1,528 Family $1,775 $455 $2,230 High Deductible Health Plan Dual $1,130 $186 $1,316 Family $1,536 $384 $1,920

Amelia County Public Schools

• Since this is our open enrollment period, if

you would like to change your health plan or who you cover, please see Maribeth Smith by August 28th.

• If you would like to keep your current health

plan and who you cover, no paperwork is necessary.

Presentation Overview

 Voluntary Benefit Carrier Changes  Plan Choices and Features

• Short Term Disability-14 days to 6 months
• Long Term Disability-6 months to SSRA
• Hospital Indemnity
• Accident 24/7
• Critical Illness
• Cancer with Intensive Care
• Whole Life
• Term Life

 Next Step  Set up time with a Benefits Counselor

Voluntary Benefit Choices

Voluntary Benefit Changes

• Change of carriers - Effective 10/1/2020
• Be an informed consumer-know what you have! LOOK AT YOUR PAYSTUB!
• You will be billed at home after 10/1 even if you have a current AFLAC policy. Moving

forward, we will only payroll deduct for benefits being currently offered by ACPS. The exception to this is American Fidelity LTD.

• Voluntary benefits are not the same with all carriers. We matched the new plan designs to

the health plans offered by ACPS.

• Many employees will see better benefits and rates, but some may see an in increase in

rates due to aging up or increased benefits. If you feel that what you have now is better for you and your family, you may keep those plans and continue with those policies via a bank draft.

• All staff must sign up for a benefits session to elect or waive our new plans.

Who are the New Carriers?

AFLAC Group:

• Accident
• Critical Illness
• Short Term and Long Term Disability
• Hospital Indemnity
• Term Life

Allstate Benefits:

• Cancer Plan with Intensive Care

Policy and Air Ambulance Rider Mass Mutual

• Whole Life Insurance

Benefits App

• Take out your Smart Phone
• Text AMELIACPS to 36260
• Download the App to your Home Screen
• Click “Schedule Enrollment Appointment”

An email will be sent with the link in case you cannot download the APP.

Short Term Disability Insurance

How It Works:

• Elimination Period: 14/14
• Benefit Period: 6 months
• Up to 60% of salary
• Rates are on the Benefits App

and School Website

IF YOU WERE OUT DUE TO MATERNITY, SICKNESS OR ACCIDENT, WHEN WOULD YOUR PAYCHECK END??

Plan Highlights  Guarant nteed ed Issue sue  Materni rnity ty Benefits  Portable e if you leave  NO Mental Illness ess Coverage age  HYBRIDS IDS can parti tici cipat pate  PRE EX Conditi dition n Clause se Removed  Effecti ctive Date: 10/1/ 1/2020 2020  OFF THE J JOB COVERAGE Know how much leave time you have! This plan does not coordinate with your leave, but you want to make an informed decision so that you use your benefit dollars wisely.

How It Works:

• Elimination Period: 180/180
• Benefit Period: To SSRA
• 60% of salary
• Rates are on the Benefits App

and School Website

Plan Highlights  Guarant nteed ed Issue sue  NOT PORTABL BLE  HYBRIDS IDS can parti tici cipat pate the 1st

st year

 PRE-EX EX Conditi dition n 6/12  Effecti ctive Date: 10/1/ 1/2020 2020  Does coordi dinate e with th VRS Disa sability ty This is the only year you c can enro roll with thout ut health th questi tions

• ns unless

s you a are a n new hire. e. Long Term Disability--if you were out more than 6 months, this gives you income protection!

Long Term Disability Insurance

• Which health plan did you elect?
• How much out of pocket

exposure are you comfortable with?

• Do you plan on having a child in

the next year or two?

• Covers sickness, maternity,

accidents for admission to the hospital

Plan Highlights  Guarant nteed ed Issue sue  Effecti ctive Date: 10/1/ 1/2020 2020  Materni rnity ty Benefits s for the Days in the Hospi pital  Ad Admissio sion n Benefits ts  Daily y Confinement ent Benefits  If you do not

• t have a He

Health th Savings ngs Ac Account nt you can include ude surg rger ery, , and many ot

• ther

r benefits ts in your plan option

• n

COVID 19 is treated as a sickness and is a covered benefit if admitted to the hospital.

Hospital Indemnity Insurance

Accident Protection

No one plans to have an accident. However, accidents can happen at any time. Whether at work or play, having the right accident coverage in the event of an unforeseen

• ccurrence can help ensure your standard of living is not

negatively impacted. It helps to cover unexpected out-of- pocket medical and normal living expenses.

Plan Highlights  Guarant nteed ed Covera rage  Afforda dable e Premiums ums  Benefits ts paid d direc rectl tly y to you, unless ess you assi sign n them to someone ne else  Portable e Covera rage that t goes with th you should uld you ever leave emp mploym yment nt .  Wellne ness ss benefit t - $50 Per Covered ed Perso son. n.  Please see policy cy brochure hure for full det etails. s.  24/7 Coverage ge

Benefit Amount Examples

Initial Treatment $75-$200 Fractures Up to $3,000 Hospital Admission $900 initial and then $225 a day Appliances Cane $30, Crutches $75, Wheelchair $300

Critical Illness Protection

An illness can happen to anyone, anytime. And when it does, everyday expenses may suddenly seem overwhelming. Your major medical coverage may cover doctor and hospital bills, but it will not pay out-of-pocket expenses or everyday living expenses. With this policy, you receive cash benefits that can be used to help with car payments, utility bills, travel, etc.

Plan Highlights  Guarant nteed ed Issue sue  Spouse use can be c covered ed up to 50% of emp mployee coverage ge.  Childr dren n to age 26 - no charge ge.  Portable e Covera rage that t goes with th you should uld you ever leave employm yment nt.  IMPORTANT NT TO REVIEW W DEFINIT INITIO IONS NS OF ILLNESS SSES ES  NO pre-ex clause se. . Event nt has to

• ccur

r after r 10/1/2020 /2020. Reminder: Don’t forget to file your annual wellne ness ss screeni ning benef efit for $50 for you a and spouse, if covered.

How It Works:

• Choose between $5,000-$20,000 of coverage
• This policy will provide a lump sum benefit

payment should any of the following critical illnesses occur:

– Heart Attack – Stroke – Organ Transplant – End Stage Renal Failure – Coronary Artery Bypass – Plus Many More!

Please see brochure for rates, based upon your age!

Cancer with Intensive Care and Ambulance

This benefit has Cancer Insurance with an Intensive Care Policy for Accident/Sickness and an Ambulance/Air Benefit rider of actual charges.

Plan Highlights  Guarant nteed ed Covera rage  68% of Criti tica cal Illness ess Claims ms are Cancer  Afforda dable e Premiums ums  Benefits ts paid d direc rectl tly y to you, unless ess you assi sign n them to someone ne else  Portable e Covera rage that t goes with th you shoul uld d you ever leave emp mploym yment nt  Wellne ness ss is $50 per covered ed person son ALL L EMPLOYEES S GET THE RATE OF AGE 18 ON THE CANCER PLAN. N.

Benefit Amount Examples:

• Low, Middle and High Diagnosis Benefit:

$5,000-$10,000

• Radiation/Chemotherapy: $5,000,

$10,000 or $20,000

• Surgery Benefits
• WELLNESS: $50 Per Covered Person

SEE BROCHURE FOR ALL POLICY BENEFIT DETAILS

NO HEALTH QUESTIONS THIS YEAR REGARDLESS OF HEALTH STATUS

Whole Life Insurance Protection

Over 75% of Americans with dependents worry about how their family would manage financially without them. Whole life can help ease that anxiety by providing a lifetime of security and financial protection.

Plan Highlights  Permanent ent Coverage ge  No R Rate Increas eases es  Term Ride der r on Spouse use or Child d for $10,0 ,000 00 or $20,000 000  Level Death h Benefit t for life of policy cy  Guarant nteed ed Issue sue Amounts nts for a new hire re:

 Up Up to $150,0 ,0000 on Empl mployee ee  Term Ride der Spouse se--

• -$20,00

,000  Term Ride der Child ld

How it Works:

This coverage is designed to remain in force for the insured’s entire lifetime.

Features and Benefits:

• Lock into your rate at the age you are now

and it never increases.

• You own the plan.
• Never a reduction in the benefit .
• Chronic Illness Rider.

Whole Life has cash value, dividends and a Chronic Illness Rider included.

Term Life Insurance Protection

This plan is designed to allow employees a lower cost

• ption to have life insurance in their working years.

Benefits are for their beneficiary and allow the family to be able to use the funds how they see fit.

Plan Highlights  Rate incre creases ases every y 5 y years  Benefits ts reduce uce at age 6 65 and again n at age 7 70  Level Death h Benefit t for life of policy cy  Guarant nteed ed Issue sue Amounts: nts:

 $100,00 ,000 Empl mployee ee  $50,00 ,000 Spou

• use

se  $10,00 ,000 Child ld

How it Works:

• Death benefit:

– Employee: 5 times salary, up to $300,000 – Spouse: $150,000, up to 50% of employee’s benefit – Child: 15 days – 6 months, $500; 6 months+, $5,000 or $10,000

• Waiver of Premium (employee only)
• Accelerated benefits
• Accelerated Death Accidental Death and

Dismemberment You can buy coverage on spouses and children as long as you take coverage.

• 1. Y
• u must elect a time to meet with a benefits counselor . Dates are August 11th-13thfor teachers;

all other staff August 19th-21st

• 2. Review Plan Brochures*

For more detailed information about the specific plan benefits, you may refer to the brochures that were given to you today. This is on the benefits app and ACPS’ website.

• 3. Contact BOST directly

If you have immediate questions, or would like to speak with someone about your plan options, please call: Michelle Lawson 434-296-9500 You may also email your questions to: Mlawson@bostbenefits.com

Next Steps

`

Amelia County Public Schools

Questions?

`

Amelia County Public Schools

Thank you!