Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Open Enrollment

No description
by

Kinze Blue

on 18 August 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Open Enrollment

.
2016 OPEN
ENROLLMENT
2016 Benefit
Plans
2016 Life Insurance
& LTD
2016 Biometrics
Next: Follow these steps in Kronos to enroll online
Thank You!
If you have any questions, see HR.
Welcome
.
You'll have the option to...
Change Benefits
Add Benefits
WHEN'S
IT
HAPPENING?
OCTOBER
19
30
Only time to change*
*Unless you had a life changing event....
If you do nothing...
your benefits
will
NOT
rollover.
What's New?
ch-
ch-
ch-
changes....
NO LONGER
PROVIDE A TRADITIONAL PLAN
Why the
Changes
?
- High Deductible plans (HDHP)
paired with HSA's offer a chance to
save now & later.
- Trying to provide the most cost-
effective way to manage the
increase in health care costs.
- Cost of health benefits rising.
- Prescription drug cost increases.
Medical Plan Summary

Let's take a look....
HDHP Paired with an HSA
HDHP paired with an HSA =
LET'S LOOK AT
THE NUMBERS
PLAN COMPARISON
OLD TRADITIONAL TO $2500 HDHP
OLD TRADITIONAL TO $3500 HDHP
PLAN COMPARISON
OLD $2500 HDHP TO NEW $2500 HDHP
OLD $2500 HDHP TO $3500 HDHP
HEALTH CARE PROVIDERS
Medical
- Blue Cross Blue Shield
*Dental
- Delta Dental (PPO/Premium)
Vision
- Blink Vision ( Discount Plan)
- Avesis ( Insurance Plan )

SPOUSAL COVERAGE OFFERED ON
ALL
PLANS
Flexible Spending Account (FSA)
Provides you with a tax advantage that can help you pay health and dependent care expenses on a pre-tax basis!

Health
- 2,500 Max Contribution
- Health related expenses
- Dental & Vision

Limited Liability Health
- High Deductible Health Plan Only
- $2,500 Max Contribution
- Dental & Vision

Dependent Care
- Child daycare expenses
- Must use a licensed provider
* Unused funds of $500 or less will rollover into the next plan year!
Health Savings Account
Alliance Benefit Group

- Allows you to make tax-free payroll contributions to a savings acount which can be used for Medical Expenses
- Keep in mind - HDHP have lower premiums each month compared to a traditional plan. So, save that difference and contribute it to your HSA

- Maximum Contributions
- Single: $3,350
- Family: $6,550
$1,000 Catch Up Provision for Employees over Age 55


All unused Funds are invested and rolled over each Year!
NEW Provider
- Switched from The Hartford to Voya
- List the changes in policy, etc.
Health Risk Assessments
Offered through MercyCare
November 16-20
Kinze Innovation Center

Venous Draw:
- Cholesterol
- Glucose
- Triglycerides
- Biometrics: Blood Pressure, Body Mass
Index, and waist circumference
*more details to follow
INCENTIVE....
IF you participate, you will receive a contribution to your HSA.
Contributions:

Single: $500
Family:$ 1,500

Contributions will be paid out in increments on 1/1 and 6/1
Open Enrollment in 6 Easy Steps:
1. Review the information distributed during the
enrollment meetings.
2. Decide which plans work best for you and your
family.
3. Log on to Kronos to elect your benefits
4. Follow directions provided in your packet
5. Review your electronic selections
6. Click the "Submit" button and print your
confirmation
Remember...
Your current benefits will NOT rollover. You must actively enroll online.
-$2500/$5,000
- $3,500/$6,850
- $5,000/$10,000

- Cost share Kinze 80%/Employee 20%

- Kinze contribution of $500 (employee)/$1000 (employee +) into HSA contingent upon participation in health screening


Kinze HSA Contribtuion tied to Health Screens


- Employee Only = $500
- Employee + Spouse, Child, or Family = $1,000

Willing to contribute money if one visits their health care provider and participates in biometrics between January 1st - Feburary ?

Will be 100% covered under your preventitive care visit for the year. (double check????)
Medical, Dental, & Vision
Help Sessions
Located in the KIC Computer Labs

- ? AM - ? AM
-
-
-
-? PM - ? PM
HEALTH PLAN STRUCTURE
OFFERING:

3 TIER HIGH DEDUCTABLE PLAN
HSA
LIMITED FSA
3 Tier HDHP
Alliance Benefit Group

*New* - no longer a Flex Spending Account.

When paired with an HDHP, becomes Limited FSA = can
ONLY
be used for dental & vison

REMINDER: Only $250 roll over at end of year!

Limited Flex Spending Account
OLD TRADTIONAL TO $5000 HDHP
OLD $2500 HDHP TO $5000 HDHP
Full transcript