1. Human Resources

2. Insurance & Retirement
Welcome to UNT!
Insurance & Retirement
Benefits
Our goal is to help you make informed decisions which will maximize the value of your benefits package.

3. WHAT’S THE AGENDA FOR TODAY?
Enrollment Deadlines
How to enroll in Benefits
Overview of Insurance and Retirement Plans
Questions & Answers
Human Resources

4. You can sign up for most benefits right away, no questions asked.
Health coverage begins after a waiting period
Some benefits require proof of good health
Human Resources

5. During your first 30 days: You can elect any of the following benefits without proof of good health
Dental coverage for you and
your dependents
Voluntary Accidental Death and Dismemberment (AD&D) coverage
Optional term life insurance at
one or two times your annual
salary
Term life insurance for your dependents
Short- and long-term disability insurance
TexFlex Flexible Spending
Account– Health Care and
Flexible Spending Account– Dependent Day Care
Human Resources

6. Dental Insurance Comparison Chart
Humana DHMO
Must choose a primary care dentist from the list of approved providers
Specialist discount of 25%
No Deductibles
Unlimited maximum lifetime
for general dentistry
Copay – vary according to
type of procedure/service
State of Texas Dental Choice (PPO)
Lets you use any dentist, pay less out of pocket by using a PPO dentist
$0 - $300 Deductibles
Annual maximum $1500, then you pay 60% until next calendar year
Coinsurance – percentage vary according to procedure/service
Both plans are administered by Humana Dental
Human Resources

7. Dental Discount Plan Human Resources
State of Texas Dental Discount Plan
Administered by Careington International Corporation. The dental discount plan isn’t insurance, rather a program that discounts dental services at the provider’s office.
Savings on cosmetic services
Unlimited use of the discount program and its offerings
Visit
for information on participating providers, a discount schedule, plan brochure and more.
Human Resources

8. Accidental Death and Dismemberment Human Resources Accidental Death
Benefits are payable only if your death is the direct result of an accident.
Dismemberment
Benefits are payable in the event of certain bodily injuries.
Cost
Coverage is purchased in increments of $5,000:
minimum $10,000
maximum $200,000
Family coverage available (benefits vary)
Human Resources

9. Optional Life Insurance
During your first 30 days of employment you can sign up for:
one times your annual salary (Election I)
two times your annual salary (Election II)
three times your annual salary (Election III*)
four times your annual salary (Election IV*)
*Proof of good health required
Term Life policy – no cash value until death
Must designate beneficiary
Costs increase as salary and/or age increase
Administered by Minnesota Life
Human Resources

10. Dependent Term Life This policy provides term life insurance and AD&D
$5,000 policy value per dependent + $5,000 AD&D rider
Cost - $1.38 per month
Administered by Minnesota Life
You are automatically the beneficiary
Human Resources

11. Short-Term Disability
Short-term disability insurance provides a portion of your monthly income for up to 5 months
Benefits
maximum monthly benefit is 66% of your monthly salary up to $10,000
minimum monthly benefit is 10% of your monthly salary
To be eligible for Short-term Disability benefits, you must:
be certified as disabled by an approved practitioner
complete the greater of 30 consecutive days or exhaustion of all sick leave benefits
Administered by Aon Hewitt
Human Resources

12. Long-Term Disability Human Resources
Long-term disability insurance provides a portion of your monthly income for an extended period of time
Benefits
maximum monthly benefit is 60% of your monthly salary (up to $10,000)
minimum monthly benefit is 10% of your monthly salary
To be eligible for Long-term Disability benefits, you must:
be certified as totally disabled by an approved practitioner
complete the greater of 180 consecutive days or exhaustion of all sick leave benefits
Administered by Aon Hewitt
Human Resources

13. TexFlex Reimbursement Accounts
TexFlex is a Flexible Spending Account (FSA) that helps you pay for planned out-of-pocket health and dependent day care expenses tax-free. You can enroll in a TexFlex health care account or TexFlex dependent care account, or both.
Plan Year September 1 through August 31.
Deducted pre-tax from your paycheck
Minimum $180
Maximum $5,000 (dependent care)
Maximum $2,500 (health care)
File for reimbursement via mail, fax, online or use of a debit card with a $15 annual debit card fee.
For a health care account you can carry over up to $500 to the next plan year.
For the dependent care you can continue use of the account until November 15, 2015 (grace period)
Human Resources

14. How do I pay for these optional choices?
The University of North Texas has a Mandatory Premium Reserve Policy (Vol. 1, ). Employees with less than 12-month appointments who do not spread their salary over 12 months will be automatically enrolled in premium reserve. Premium Reserve eliminates the risk of having your insurance coverage cancelled over the summer months due to non-payment. In addition, Premium Reserve gives you the added advantage of pre-taxing your summer insurance premiums.
Human Resources

15. Your waiting period for medical coverage
Your health coverage will begin the first of the month after your 60th
day of employment.
No Pre-existing Condition Limitations
Human Resources

16. Find network providers and plan details at www.healthselectoftexas.com
Health Insurance
Benefits
Network
Non-Network
Out-of-Area
Deductible
NONE
$500/$1500
$200/$600
Coinsurance Max
$2,000
$7,000
$3,000
Lifetime Max
PCP- Required
Yes No
PCP Copay
$25.00
40%
30%
Specialist Copay
$40.00
Eye Exam – 1/yr
Emergency Care
$ copay + 20% coinsurance
30% coinsurance after deductible
Urgent Care Clinic
$50 copay + 20%
Ambulance Service
20%
20% after deductible
30% after deductible
Find network providers and plan details at
Human Resources

17. PRESCRIPTION DRUG PROGRAM
Prescriptions are $10, $35, $60
30-day supply of non-maintenance medication
$50 Plan Year (9/1 to 8/31) deductible (per family member)
Generics mandatory when available
Maintenance medications are less expensive when ordered through an Extended Day Supply network pharmacy or through Mail order.
Human Resources

18. You may enroll your eligible dependents in the state’s insurance plans
Your spouse
Your natural child
Adopted child
Your stepchild
Court-appointed ward
-OR-
child related by blood or marriage AND was/will be claimed as a dependent on your federal income tax return in the previous/current calendar year.
Children must be under age 26 for health insurance and can be married or unmarried. Child must be under age 26 and unmarried for dental insurance and Dependent Term Life Insurance.
Human Resources

19. Proof of eligibility needed for dependents added to health coverage
If you’re enrolling a spouse or dependent children in health coverage, you’ll be required to provide proof of your dependent’s eligibility. ERS has contracted with Aon Hewitt to verify every dependent’s eligibility to participate in the Texas Employees Group Benefits Program (GBP). Aon Hewitt will mail a letter to you outlining the steps in the Dependent Eligibility Audit process, the dependents being audited, the types of documents to provide, and the due dates to submit documentation. If any dependent is found to be ineligible, ERS will remove him or her from all GBP coverage.
Human Resources

20. Enrollment Deadlines
Add a dependent(s) to your health insurance during your first 60 days of employment.
Enroll in optional coverage during your first 30 days of employment.
Human Resources

21. Obtaining coverage at a later date may require proof of good health!!
Opt-Out Credit
The Health Insurance Opt-Out Credit is for employees who do not elect the State’s health insurance because they have other health insurance that is as good as or better than GBP health coverage.
Employees must:
Use toward dental and AD&D premiums
Certify comparable coverage
Benefit:
Up to $60 for Full-time employees
Up to $30 for Part-time employees
Obtaining coverage at a later date may require proof of good health!!
Human Resources

22. Long-Term Care Human Resources
Long term care provides coverage for skilled nursing home, home health, assisted living, hospice, etc. Coverage available to qualified dependents (spouse, parent, parent-in-law, grandparent and grandparent-in-law).
The University of North Texas System Human Resources offers LTC options through a third party administrator, CNA.
To request an enrollment kit, please send an to
Applications accepted at any time.
Human Resources

23. Teacher Retirement System of Texas
All regular faculty and staff are automatically enrolled as of their first day of employment.
Human Resources

24. TRS – Cost of Membership
6.7% employee contributions
6.8% employer contribution
Disability and Survivor benefits
Vesting occurs after 5 years of creditable service.
Tax Sheltered
Interest on deposits 2%
Human Resources

25. Optional Retirement Plan (ORP)
Eligibility based on job code
Examples: Faculty, upper level administrators, coaches, librarians
Defined Contribution (Benefits based on performance of
investments)
6.65% employee contribution
6.6% employer contribution
Vesting after one year and one day of participation
(Vested right to both employee and employer contributions)
Investments selected and controlled by employee
Human Resources

26. Will you have enough money in retirement?
A balanced financial plan is like a three-legged stool.  All three legs are necessary to provide stable income security in retirement:
 Your pension (State retirement)  Social Security  Personal savings and investments (like a 401(k),  or IRA) Depending on how long you live, your debt level, health, and lifestyle choices, you may need up to 120% of your current income in retirement. Voluntary retirement accounts such as Texa$aver 457 and 403(b) plans can help you build that stash of cash. Contributions are pre-tax and earnings are based on investments.
Human Resources

27. Fidelity – Valic – TIAA-CREF – ING
Retirement Manager
Enroll in Optional Retirement Plan and/or 403b savings plans
Learn about your UNT System retirement savings plans with the following approved vendors:
Fidelity – Valic – TIAA-CREF – ING
Change your deferral amount
Calculate what you will need to stay on track for retirement with easy-to-use financial calculators
Human Resources

28. Do you meet these criteria?
Are you a Direct Transfer from another Texas State agency?
Does your spouse or parent work for a Texas state agency and if so, does that relative cover you for health, dental or dependent life insurance through the Texas GBP?
If you meet one of these conditions, please let the Benefits Representative know. This could possibly waive your 60 day waiting period for health coverage.
Human Resources

29. Human Resources – Benefits
Contact Us
Human Resources – Benefits
Phone
Fax
Human Resources

30. Thank you
and
WELCOME TO UNT!
Human Resources