Ive Got What?! A Benefit Overview South Wisconsin District: - - PowerPoint PPT Presentation

“I’ve Got What?!”

A Benefit Overview South Wisconsin District: Passionate Believers Conference January 26, 2019

Presented by Louis Johnson Director – Account Management

One Faith, One Community

Our Mission Statement:

We “walk together” with LCMS ministries in caring for workers and their families…so that the Word of God continues to spread!

Who is Concordia Plan Services?

One Faith, One Community

Who is Concordia Plan Services?

• Benefit branch of The Lutheran Church—Missouri

Synod

• Created in Convention: CPS is to care for church

workers

• CPS designs the plans, finds the vendors,

administers the plans, delivers communication and education, and serves as your advocate

One Faith, One Community

Who Concordia Plan Services is not?

• CPS is not an insurance company.
• CPS is not a for-profit entity

One Faith, One Community

LCMS organizations (“Employers”)

Concordia Plan Services Serves:

• Churches
• Schools: Pre-School, Elementary, High School
• Universities / Seminaries
• International Center
• District Offices (35 across U.S.)
• Concordia Publishing House
• Recognized Service Organizations
• Campus Ministries
• Camps
• Senior Centers
• Mission Field Worldwide

They choose to adopt the Plans – most do

One Faith, One Community

LCMS employees (“Workers” “Members”)

• Pastors / DCEs / Deaconesses (6,200)
• Teachers / Professors (6,900)
• Lay Workers (19,400)
• Executive / Administrative
• Office Personnel
• Office Support
• Facilities and Maintenance
• Career Missionaries (120)

Concordia Plan Services Serves:

One Faith, One Community

• 1. Concordia Health Plan (CHP)
• 2. Concordia Disability and Survivor Plan (CDSP)
• 3. Concordia Retirement Plan (CRP)

(Defined Benefit Plan-Pension)

• 4. Concordia Retirement Savings Plan (CRSP)

Concordia Plan Services Provides:

(Death Benefits) (Defined Contribution Plan – 403b)

Covers you during times of sickness and provides wellness resources

Concordia Health Plan

One Faith, One Community

Concordia Health Plan (CHP)

• Employer-sponsored plan (your church/school

chooses which option):

– Employer is required to pay at least 50% of cost for your coverage – Employer establishes a policy for dependent coverage

• Once Called and at the church/school:

– Will be enrolled under employer’s plan option – Can decline coverage if:

• covered under parent’s group health plan
• covered under spouse
• covered under military plan . . .

One Faith, One Community

CHP Benefits and Providers:

• Medical Care –
• Prescription Drugs –
• Disability –
• Dental Care –
• Mental Health/Substance Abuse Care –
• Employee Assistance Program (EAP) –
• Vision Benefits –
• Hearing Discount Program -

One Faith, One Community

CHP Preventive Care Benefits

• Physical
• Mammogram (2D)
• Pap Smear
• Osteoporosis screening
• Colon cancer screening
• Prostate Specific Antigen (PSA)
• Skin exam
• Occult blood screening

(covered 1 per year)

• Cholesterol/lipid profile
• Diabetes screening
• Prostate digital exam
• Rectal digital exam
• Breast exam
• Colonoscopy screening
• Hypertension

(covered if recommended by physician)

Covered at 100% Calendar Year!

One Faith, One Community

Encourages & rewards healthy behaviors

www.PowerofVitality.com

• Earn gift cards for walking

(trackers), healthy shopping, health screenings, on-line education, etc.

• $100 toward purchase of Fitbit,

Garmin

• $250 Gym Membership Rebate
• Apple Watch Program

CHP Wellness Resources

One Faith, One Community

• Relocating? Find your doctors
• Children? Find a pediatrician
• Surgery? Get a second opinion
• Mediations? Have your regimen reviewed
• Pain? Get to the root of the problem
• Diagnosis? Get clear “next steps”

Personal medical advice/support to get the best medical care

CHP Wellness Resources

1-866-357-9819 (7 a.m. – 8 p.m. CT) www.grandrounds.com/concordiaplans Grand Rounds App

One Faith, One Community

Health Prevent Program

• Free full-time health coach
• Free wireless smart scale
• Free app and fitness tracker
• Online peer/support group
• Interactive weekly lessons

See if you qualify: omadahealth.com/concordia 16-week digital health program for members at risk for type 2 diabetes and/or heart disease.

CHP Wellness Resources

One Faith, One Community

Diabetes Management

• Connected glucose meter to
• nline account
• Unlimited strips
• App:

– Track glucose readings – Communicate with coaches – Get daily insights

To enroll: welcome.Livongo.com/concordia Helping you control your diabetes

CHP Wellness Resources

One Faith, One Community

Diabetes Management

• Decrease blood sugar
• Reduce meds
• Lose weight

THROUGH:

• Physician supervision
• One-on-one health coaching
• Biomarker tracking
• Private Virta Community

Clinically proven way to reverse Type II Diabetes

CHP Wellness Resources

(More information coming in 2019)

One Faith, One Community

Weight Loss Program

• Learn positive eating practices
• Learn when and how to eat
• Digital counseling program
• Weekly on-line lessons

10-week journey to lose weight

CHP Wellness Resources

(More information coming in 2019)

One Faith, One Community

Employee Assistance Program (EAP)

Helping you and your family with: – Stress – Depression – Family matters – Child care needs – Vocational concerns

➢ 6 FREE face-to-face visits per episode ➢ Unlimited telephonic

CHP Wellness Resources

866-726-5267

One Faith, One Community

FREE 24-Hour NurseLine

24/7 toll-free calls to RN for medical advice

– Answers to health questions – Direction on when and where to seek medical attention – Help choosing providers – Access to a 24-hour audio library consisting of hundreds

• f medical topics

CHP Wellness Resources

800-605-6621

One Faith, One Community

Digital Docs

(Doctor on Demand or MDLive

• r Teladoc)
• Online care from real doctors
• For acute illnesses: fevers, colds

and flu, allergies, migraines, pinkeye, ear infections, urinary tract infections, sinus infections...

• Copay or $40-$50 per “visit”

BCBS Cigna UMR CHP Wellness Resources

Supporting You and Your Family During Pregnancy, Injury, Illness and Death

Concordia Disability and Survivor Plan

One Faith, One Community

Concordia Disability & Survivor Plan (CDSP)

• The full cost of CDSP is paid by your employer
• Disability Income

– Benefit after 14 consecutive days – Pays 70% of your monthly salary to you to help replace lost income

• Financial protection for you and your employer

during extended disability:

– Waiver of monthly contributions for employer – You get continued health coverage

Disability Benefits (and pregnancy)

One Faith, One Community

• Should you die while actively working (not

retired):

– One-time lump sum death benefit paid to your named beneficiary:

• 2 X annual salary
• plus 1 X annual salary for each enrolled dependent

child

• up to a maximum of 6 X annual salary
• For the death of an enrolled spouse and child:

– A lump-sum death benefit of $10,000 – Active worker is the beneficiary

Concordia Disability & Survivor Plan (CDSP)

Survivor Benefits (similar to life insurance):

One Faith, One Community

Supplemental Life Insurance

As a CDSP member, you can purchase additional Supplemental Life Insurance at discounted group rates:

• Newly hired? You can purchase through Minnesota

Life with a guaranteed coverage amount during your initial eligibility period

• Coverage may also be available afterward upon

review and approval by Minnesota Life

• Coverage may be purchased for you and enrolled

dependents

Providing steady income during retirement

Concordia Retirement Plan (CRP)

One Faith, One Community

Concordia Retirement Plan (CRP)

• Provided by your Employer
• Employer contributes for you
• 100% vested after 5 years
• A defined benefit plan providing lifetime retirement

income

• What you get is based on:

➢ Ave. monthly salary of 5 highest consecutive years

➢ Number of years enrolled in CRP

• When you die, income for your surviving dependents

Savings to add to your retirement income

Concordia Retirement Savings Plan

One Faith, One Community

• Employer-sponsored, 403(b) savings plan – you

contribute

• Pre-tax and after-tax Roth options
• Automatically deducted from paycheck
• Your employer may provide a match
• Your account with a balance amount (can run out)

Concordia Retirement Saving Plan (CRSP)

One Faith, One Community

Why You Need Additional Savings

Your CRP amount Social Security Expenses Salary prior to retirement

Your Savings Fills the Gap

One Faith, One Community

($50/paycheck for 20 years)

Take Advantage of Compounding Interest!

One Faith, One Community

Financial/Retirement Questions:

Karen Wilhelms, Financial Educator Paul Snyder, Financial Educator

Karen.Wilhelms@concordiaplans.org Paul.Snyder@concordiaplans.org

Laura Scheer, Financial Educator

Laura.Scheer@concordiaplans.org

One Faith, One Community

Your Contact for Benefit Questions

Chuck Deubner, Account Manager –

Serving ministries with 10 or more workers in the Concordia Retirement Plan.

Sally Malinee, Account Representative – Serving

ministries with 9 or fewer workers in the Concordia Retirement Plan.

Email: Chuck.Deubner@concordiaplans.org Phone: (888) 927-7526, Ext. 6867 Email: Sally.Malinee@concordiaplans.org Phone: (888) 927-7526, Ext. 6829

My Contact Information:

Louis Johnson, Director – Account Management

Email: Louis.Johnson@concordiaplans.org Phone: (888) 927-7526, Ext. 6728

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Thank you

We know your time is important and we appreciate that you have shared your time with us today. I’m happy to answer your questions. CPS is here to support you and your ministry.

888-927-7526 or email info@ConcordiaPlans.org