1. Saint Mary’s College of California Employee Benefits Advisory Committee (EBAC)
September 19, 2017 Meeting
FAH 205

2. EBAC Meeting Agenda: September 19, 2017
Agenda Presenter
Call to Order Jean-Ann Balassi
Opening Thought/Prayer Tony Kearns
Review of Minutes Jean-Ann Balassi
FY Proposed Meeting Schedule Jean-Ann Balassi
Medical HSA Plan Design Overview Matt Biel
Review 2018 Updated Contribution Scenarios Filice & Committee
Provide Recommendation to VP of Finance and Administration
Open Enrollment Update Matt Biel & Jean-Ann Balassi
EaseCentral Demonstration
Benefit Festival Update
Tuition Exchange Update Jean-Ann Balassi
Wellness – formation of subcommittee Jean-Ann Balassi
Future/Tabled Agenda Items
Proposal status: free access to JARC for employees (tabled until budget review)
Dependent care stipend (tabled until budget review)
Next Meeting Date (tentative 11/30/17 2:30p - 4:00p) Committee

3. FY 17-18 Proposed Meeting Schedule
Tentative Future Meeting Dates
11/30/17 2:00p - 4:00p
1/25/18 2:30p - 4:00p
February 2018 TBD
March 2018 TBD
May 2018 TBD
11/4/2015

4. Health Savings Accounts 101 (HSA’s)
Presented by: Filice Insurance

5. What is an HSA? Health Savings Account
Personal bank accounts owned by employees.
These accounts can funded by employees and their employer.
Money can be spent on eligible healthcare expenses such as:
Doctor’s office visits
Major medical procedures
Prescription drugs
Dental, Vision, and Orthodontia
HSA’s are health insurance bank accounts that employees and their employer steadily grow over time.

6. Benefits of an HSA Health Savings Account
Employee HSA contributions are exempt from Federal Income Tax.
Employer HSA contributions are exempt from FICA tax.
HSA balances rollover year-over-year in the form of savings.
HSA funds are 100% portable should an employee leave their employer
Individuals 65 and older can spend their HSA funds on non-health related expenses.
HSA medical plans typically have lower monthly premiums than traditional HMO’s and PPO’s.

7. Considerations of an HSA
Health Savings Account
You must be enrolled on a high-deductible Consumer Driven Healthcare Plan (CDHP).
You cannot be enrolled on any other form of medical insurance (no dual coverage).
When opening an HSA your account starts with a modest balance and savings grow steadily over time.
Family members must be a tax-dependent to be eligible for HSA funds.

8. Traditional HSA’s vs. Saint Mary’s HSA
Health Savings Account
Traditional HSA Plan
Saint Mary’s HSA Plan
Gives members a nationwide PPO network.
High Deductibles ($2,500+) & OOP Maximums ($4,000+) result in lower monthly premiums.
Employers may have the ability to invest a portion of the premium savings into significant HSA contributions (50% of deductible).
Gives members a nationwide PPO network.
Rich plan design lead to expensive monthly premiums.
Expensive premiums limit SMC’s ability to maintain or increase HSA contributions.

9. Who typically prefers an HSA?
Health Savings Account
Individuals without immediate medical concerns.
Individuals who rarely visit the doctor’s office.
Individuals preparing for major medical services in the future, such as family planning.
Individuals interested in a tax sheltered savings vehicle.

10. HSA contribution limits
Health Savings Account
The I.R.S. limits annual HSA contributions as follows (employees & employers combined)
Individuals 55+ are allowed to make an additional $1,000 “catch-up” contribution each year.
2016
2017
2018
Employee Single
$3,350
$3,400
$3,450
Employee + Dependent(s)
$6,750
$6,900

11. Example 1: Annual HSA Contribution $500
Health Savings Account
HSA Medical Plan
$1,500 Deductible
70% Coinsurance
Mary began her HSA on January 1st In 2018 Mary had 3 doctor appointments that each cost $140 and filled 2 Generic Rx each $ What is Mary’s total out-of-pocket cost?
(-$470 Contribution = $0)
($0 remaining x 30% patient responsibility = $0)
$0 total out-of-pocket cost for Mary

12. Example 2: Annual HSA Contribution $500
Health Savings Account
HSA Medical Plan
$1,500 Deductible
70% Coinsurance
Mary began her HSA on January 1st In 2018 Mary had arthroscopic surgery that cost $4, What is Mary’s total out-of-pocket cost?
(-$500 Contribution = $1,000)
($2,500 remaining x 30% patient responsibility = $750)
$1,750 total out-of-pocket cost for Mary

13. Questions?

14. 2018 Renewal Discussion

15. Open Enrollment Update
EaseCentral Demo
Captures open enrollment data for 2018
Medical, dental, vision enrollments only
All eligible employees must complete the enrollment in EaseCentral to be enrolled in plans for 2018
Employees will receive log in information on or before 10/16/17
Open enrollment will close at 5pm on 11/3/17
Other carrier enrollment processes remain as is and will be completed online through the respective carrier portals
Navia
Flexible spending accounts (health care and dependent care)
Unum
Accident, critical illness, whole life, term life voluntary policies

16. Open Enrollment Update
Benefit Festival Update
10/18/17 10a-2p Soda Center
Most carriers: Kaiser, Health Net, Delta, Unum, Navia, etc.
Free flu shots (not confirmed)
Optional biometric screening
3 month JARC membership for participating
GaelFit eval for participating (not confirmed)
Produce stand offering free fruit and vegetables
Smoothie cycle
JARC membership 3 month membership raffles (25)

17. Direct mail postcard to arrive
in home week of 10/9/17

18. Tuition Exchange Update
Currently there are 8 enrolled imports
Applications will be accepted for the 18/19 academic year from October 2nd 2017 – October 31st

19. Wellness – Formation of Subcommittee
Last year it was determined that a sub-committee would aid the Benefits department with wellness initiatives. The committee will develop the vision and program and strategic initiatives.