1. CPS Program for Intentional Interim Pastors
December 11, 2018

2. Today’s Discussion
How does the new program for IIP’s impact you with respect to the:
Concordia Retirement Plan
Concordia Disability and Survivor Plan
Concordia Health Plan

3. Concordia Retirement Plan (CRP)
Providing income during retirement - a defined benefit plan also referred to as a traditional pension.
One in three Americans has nothing saved for retirement
56% of Americans Have Less Than $10,000 Saved for Retirement
Most Americans are falling short of the amount of savings required for a comfortable retirement ― if they are saving at all.
This lack of savings indicates that just getting started on retirement planning is a significant obstacle for many people. 

4. IIP: Concordia Retirement Plan (CRP)
If < 65 yrs. old and working > 20 hrs/week as an IIP:
Pastor will be enrolled in the CRP
Assigned congregation pays required contributions
NOTE: If IIP already receiving CRP benefit,
Primary Retirement Benefit payments will be stopped.
If applicable, Supplemental Retirement Account monthly payments will continue.
If applicable, Retiree Medical Supplement monthly payments will continue.
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

5. IIP: Concordia Retirement Plan (CRP)
Part II (If IIP < 65 yrs. old and working > 20 hours/week as an IIP):
When assignment ends,
If 55 or over (i.e., 55-64), may elect to commence (or recommence) retirement benefits (not recommended)
If pension payments don’t start when assignment ends
IIP receives Creditable Service under CRP between assignments up to 3 months.
Required contributions to CRP waived for period between assignments in which service is credited.
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

6. IIP: Concordia Retirement Plan (CRP)
(If IIP is 65+ yrs. old and working > 20 hours/week as an IIP):
Regular pension payments stop, but IIP may elect to begin In-Service Benefits.
Assigned congregation pays required contributions OR
IIP can waive CRP re-enrollment* and pension payments will continue.
* If waived CRP, ineligible to enroll in CDSP or CHP.
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

7. IIP: Concordia Retirement Plan (CRP)
Part II (If IIP is 65+ yrs. old and working > 20 hours/week as an IIP):
When assignment ends, In-Service benefits will stop.
May elect to commence (or recommence) retirement benefits
If pension payments don’t start when assignment ends
IIP receives Creditable Service under CRP between assignments up to 3 months.
Required contributions to CRP waived for period between assignments in which service is credited.
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

8. Concordia Disability and Survivor Plan
Supporting you and your family during pregnancy, injury, illness and loss
What is your most valuable asset?  Your home?  Your Car?  Your Health?  For most us, it is our income. Your income pays for both the big things in life – the mortgage, car, food, utilities, vacations – and life’s little things – children’s activities, movie tickets and cell phones.  Most of us have insurance to protect our home, car and health, but we ignore the most important asset which needs to be protected– OUR INCOME. Without your income, you cannot afford any of your basic needs.
And that is why your employer provides this vital benefit.

9. IIP: Concordia Disability and Survivor Plan (CDSP)
If IIP is enrolled in the CRP (either under or over 65 and working > 20 hours/week as an IIP):
Enrolled in the CDSP with congregation to which assigned paying required contributions.
When assignment ends, IIP’s coverage under the CDSP will be extended up to three (3) months* UNLESS he completely retires.
Disability coverage will continue through extension period even if IIP is not actively working.
NOTE: Required contributions to the CDSP are waived between assignments.
* Three-month period commences at the end of last calendar month for which employer paid CRP contributions.
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

10. Concordia Health Plan
Covers you during times of sickness and also provides wellness resources

11. IIM: Concordia Health Plan (CHP)
What are your CHP options?
A. If IIP < 65 years old:
May elect CHP coverage (if in CRP)
Healthy Me B is designated CHP option for IIP’s that features a broad provider network (plan design provided on later slide).
*NOTE: If spouse is <65, she could also enroll in Healthy Me B ----even if husband waives any coverage
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

12. IIM: Concordia Health Plan (CHP)
What are your CHP options?
B. If IIP is 65+ years old:
May elect CHP coverage (if in CRP)
Healthy Me B (designated CHP option for IIP’s featuring a broad provider network) OR
Medicare Premium Plus (MPP)*
If applicable (Employer has to have < 20 total workers)
If IIP and spouse are both 65+ and IIP elects Self & Spouse coverage, they both will need to be in same plan.
*NOTE: If spouse is <65, she can enroll in Healthy Me B ----even if husband waives any coverage
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

13. IIM: Concordia Health Plan (CHP)
When an IIP’s assignment ends:
If IIP was covered under the CHP during assignment, CHP coverage can be extended for up to three months with required contributions waived.
If 65+, coverage would end after the 3 months.
If < 65 may extend CHP coverage by making required contributions.
However, if spouse is 65+ coverage is limited to Medicare Supplement plans.
Many resources are also available online at CignaBehavioral.com (Need the password: lcms)

14. Healthy Me B Medical Benefits – Administered by BCBS-MN Network Cost
Network Cost
Non-Network Cost
Individual Deductible Maximum
$1,400
$4,200
Family Deductible Maximum
$2,800
$8,400
Individual Out-of-Pocket Maximum
Family Out-of-Pocket Maximum
$5,600
$16,800
Coinsurance
20%
40%
Individual Coinsurance Maximum
N/A
Family Coinsurance Maximum
Preventive Care
No charge
Not covered
Office Visit: Primary
20% coinsurance after deductible
40% coinsurance after deductible
Office Visit: Specialist

15. Benefit Waiting Period/Late Entrant Penalties
Dental A
Dental Benefits – Administered by Cigna Dental
Annual Deductible
Network Cost
Non-Network Cost
Individual Deductible Maximum
Individual: $50
Family Deductible Maximum
Family: $150
Annual Maximum per Person
$1,500
$1,000
Progressive Maximum Benefit
Obtain 1 Preventive Exam in prior year $300 added to Annual Maximum up to 3 times
Year 2: $1,800
Year 3: $2,100
Year 4: $2,400
Year 2: $1,300
Year 3: $1,600
Year 4: $1,900
Benefit Waiting Period/Late Entrant Penalties
BWP/LEP
BWP
LEP
Preventive Care
None
6 Months
Basic Care
12 Months

16. Basic, Major and Orthodontics
Dental A (Cont.)
Dental Benefits – Administered by Cigna Dental
Basic, Major and Orthodontics
Network Cost
Non-Network Cost
Preventive Care
X-rays, Exams, Cleanings, Sealants 0%
Basic Care
Extractions, Amalgams, Restorations, Endodontics, Periodontics, Anesthetics
10%
20%
Major Care
Crowns, Bridges, Implants, Dentures, Oral Surgery
40%
50%
Orthodontic Care
50% ($1,000 lifetime maximum/individual)

17. Vision A Vision Benefits – Administered by VSP Routine Exam
Network Cost
Non-Network Cost Allowance
$10 copay
up to $45
Frequency
One exam/calendar year
Lenses
Single/Bifocal/Trifocal/Leticular
$25 copay
$30/$50/$65/$100
Once/calendar year
Progressive Lenses
Average 20%-25% off or Member may elect covered in full when they choose Progressives as their enhanced eyewear option
N/A
Polycarbonate Lenses for Children
Covered in Full

18. Non-Network Cost Allowance
Vision A (Cont.)
Vision Benefits – Administered by VSP
Frames
Network Cost
Non-Network Cost Allowance
Retail Frame Allowance
$150 or Member may increase allowance to $250 when they choose frame as their enhanced eyewear option
$70
Frequency
Once/calendar year
Contact Lenses
Medically Necessary
$25 copay
$210 allowance
Elective
$200 allowance
$105 allowance

19. Concordia Retirement Savings Plan – CRSP 403(b)
Providing flexible savings options to provide retirement security
Your employer participates in the Concordia Retirement Savings Plan, sometimes referred to as “the crisp”, a program designed to allow you to save personally in order to increase your income in retirement. Personal savings increase opportunities in retirement, including being able to maintain your standard of living throughout your retirement years and increasing the options you have for living out your retirement.

20. Concordia Retirement Saving Plan-CRSP 403 (b)
Employer-sponsored, 403(b) savings plan
Tax savings on two options:
Pre-tax 403b
NOTE: For ministers of religion, pre-tax contributions are both pre-income tax and pre-self employment tax
After-tax Roth 403b
Offers ProManage asset custom-allocation services
Automatically deducted from paycheck
Your employer may provide a matching contribution, but it is not required.
Workers can contribute on a pre-tax basis, after-tax Roth basis, or a combination of both
Pre-tax Option:
Money comes out of a worker’s check on a pre-tax basis
For self-employed ministers of religion, contributions come out before SECA taxes
Earnings are also free from taxation until withdrawn by the investor
Roth Option:
After-tax contributions
Contributions may be tax-free upon distribution

21. QUESTIONS
Let’s see what questions have come in and see if we can answer a few right now.
We want to be courteous of your time and no that it is valuable, so please feel free to send an to us personally if you need to leave the webinar.
Thank you so much for attending.

22. Thank you Please Contact Us with any Questions:
Customer Care Team
David Henrichs
Account Manager
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.
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