Just wanted to remind everyone we are in an enrollment process for Health Care from now until February 21, 2014. Any specific questions can be addresses by either John Oliveres or Karen Schultz. Both John and Karen attended a conference to highlight the changes occurring. Karen has included below some important changes people should be aware of.
Very important for all IAM represented employees to review their Healthcare Choices Here are the highlights.
Changes:
*Sub CO will now have to pay only 50.00 instead of 85.00 for medical premium for spouse/partner *Everyone will receive Wellness credit of 48.00 ( please make sure this is calculated.) *Dental will now be available 80/20, Cigna is available only CO for now, no new participants. *The vision is the only option that can’t be changed from the the initial enrollment, but can be chosen for SubUA. CO can’t drop or pick this up.
* Long Term Disability is new for Sub UA,( SubCO needs to make sure the correct option was rolled over for them it may be incorrect.) *Voluntary Life Insurance in new for SubUA. **All employees need to check this** if you did not have this, it will default all employees to 4x’s their wages and add to their premium. If Sub CO is higher it should be the same if lower then 4x’s it will default up to 4. They will also offer 1 time exempt of physical if you pick this up.
*Kaiser is still available .. name change to Health Span.
*New High Deductible Plan: this offers tax breaks and the company contributes to an HSA fund to off set your deductible they pay monthly, this is prorated from April. If you have a Spend Account you will not be eligible to enroll in to this plan. Tax reasons. *Only SFO and IAH are offered SmartCare. *Please explain BYOB to SubUA this could be a better option then Kaiser for them.
*Example of how a plan with a coinsurance, deductible and out of pocket work.
If your plan as 1250.00 individual deductible/ 3000.00 family deductible with 90 coinsurance and 3000.00 out of pocket and you have 2 or more family members.
Your insurance is paying 90% of your bills and your family is paying 10% or your bills. At least 2 members of the family need to reach your family deductible of 3000.00. You will continue to pay 10% until now your 3000.00 out of pocket is met. Once your family reaches both the deductible and the out of pocket the insurance policy will then pay 100% of your bills.
*Please make sure you check all these items to how they best fit your families needs and compare all options that could pertain to you and your lifestyle. Many plans offer 100% coverage on preventive procedures.
Hope this helps, Karen
Thank you Karen for the explanation.
Bill Pizzuli District 141 Trustee LL 1731 Committee Chair CLE 440-503-5566