Overview of the Options

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2007 Benefits

• Overview of the Options

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Open Enrollment

• October 116, 2006
• New benefits start January 1, 2007
• All benefits-eligible employees must submit an
  enrollment form
• Benefits office must receive your form by 5 p.m.
  on October 16

• All benefits-eligible employees must submit an
  enrollment form

• All benefits-eligible employees must submit an
  enrollment form

Dont wait until the last minute!
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2007 Open Enrollment Benefits

• Health Plan Options
• Aetna Standard (default employee-only coverage)
• Aetna Choice
• BlueCross Advantage P
• Dental
• Eye Care
• Short-term Disability
• Personal Spending Accounts
• Accidental Death Dismemberment

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Health Care Plan Monthly Costs

• Employee- Employee Employee
  Family Only Spouse/Partner Children
• Aetna Standard 38 118 95 163
• Aetna Choice 44 136 110 189
• BlueCross Advantage P 57 177 143 245

Employee-only coverage with Aetna Standard is
the default option
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2007 Health OptionAetna Standard

• Considerations
• Lowest-cost-per-month option
• 15 copay for physician visit at Vanderbilt
• Deductible to meet at Vanderbilt
• Higher deductible to meet and higher coinsurance
  rate (than the BlueCross Advantage P option)

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2007 Health OptionAetna Standard
A doctors visit is 15 at Vanderbilt and 30
in the Aetna network.
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2007 Health OptionAetna Standard

• The deductible at Vanderbilt is
• 200 for employee-only, and
• 400 for employee spouse/partner, employee
  children, and family coverage.

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2007 Health OptionAetna Standard
If the out-of-pocket maximum is met during the
year, the plan would pay 100 of any additional
medical expenses for the year.
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Aetna Standard Caremark Pharmacy Coverage
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2007 Health OptionAetna Choice

• Considerations
• 100 coverage for preventive visits
• 100 coverage for VUH/VCH charges
• HRA funded by Vanderbilt
• After HRA is used, high deductible to meet
• VUH/VCH and VMG charges are handled differently

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2007 Health OptionAetna Choice
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2007 Health OptionAetna Choice
The HRA is a Vanderbilt-funded pool of money that
is used to pay the first 500 (or 1,000) of
medical expenses.
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2007 Health OptionAetna Choice
If the HRA is used up, you pay 100 of any
medical expenses, up to the amount of the
deductible.
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2007 Health OptionAetna Choice
After the deductible is met, coinsurance rates
apply.
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2007 Health OptionAetna Choice
If the out-of-pocket maximum is met during the
year, the plan would pay 100 of any additional
medical expenses for the year.
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2007 Health OptionAetna Choice

• Prescription drug costs
• are not paid from the HRA funds
• do not apply toward deductible
• do apply toward out-of-pocket maximum

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2007 Health OptionAetna Choice
Any money remaining in the HRA at the end of the
year is rolled to the following year.
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2007 Health OptionBlueCross Advantage P

• Considerations
• Highest-cost-per-month option
• 15 copay for physician visit at Vanderbilt
• No deductible to meet at Vanderbilt
• Lower deductible to meet and lower coinsurance
  rate (than the Aetna Standard option)

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2007 Health OptionBlueCross Advantage P
A doctors visit is 15 at Vanderbilt and 30
in the BlueCross Network.
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2007 Health OptionBlueCross Advantage P

• The deductible at Vanderbilt is 0.
• The deductible in Blue Network P is
• 200 for employee-only, and
• 400 for employee spouse/partner, employee
  children, and family coverage.

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2007 Health OptionBlueCross Advantage P
If the out-of-pocket maximum is met during the
year, the plan would pay 100 of any additional
medical expenses for the year.
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BlueCross Advantage P Caremark Pharmacy Coverage
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What Health Option Is for You?

• Evaluate your priorities
• Check the BlueCross and Aetna networks
• Itemize your health expenses for the past 12
  months to help estimate costs for 2007
• Use the online cost estimator on Aetnas Web site
  (includes BlueCross Advantage P option)

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What Dental Plan Is for You?

• Dental Care
• lower per month cost
• may have long wait for an appointment, must see
  an in-network dentist
• Dental PPO
• freedom to visit any dentist or specialist
• waiting periods for some benefits

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Eye Care Plan

• Administered by VSP, through Ameritas
• Optional plan, paid entirely by employee

Turn in Your Form!
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Monthly Eye Care Rates

• Employee Employee Employee
  Spouse/Partner Child(ren) Family
• VSP Eye Care 6.96 11.48 11.73 18.82

EVERYONE must turn in a form!
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VSP Eye Care Plan
Forms are due 10/16!
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Short-term Disability

• Provided by The Hartford
• Everyone will be accepted during this
  one-time-only offer
• All future Open Enrollments you are subject to
  medical underwriting
• Enroll online through link on HR Web site

Everyone will be accepted during this
one-time-only offer
To drop coverage complete form and submit with
OE form
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Short-term Disability

• Benefit subject to pre-existing conditions clause
  
• Coverage effective date January 1, 2007
• Look-back period for pre-existing conditions
  July 1, 2006
• No coverage for pre-existing conditions until
  January 1, 2008

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2007 Open Enrollment Benefits

• No changes to these benefits
• Dental
• Personal Spending Accounts
• Accidental Death Dismemberment

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Enrollment Deadline

• Forms must be received by 5 pm (Central Time)
• on
• Monday, October 16, 2006

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Designated Drop-Off Sites

• During Open Enrollment (October 116) return
  your completed Open Enrollment form to any
  Designated Drop-Off Site

• Drop Boxes (secure lock-boxes)
• Peabody Administration
• Sarratt Lobby
• Medical Center North Lobby
• Childrens Hospital Second Floor Lobby
• HR Express

continued
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Designated Drop-Off Sites (continued)

• Benefits Fair
• October 10 RRB Breezeway (10 am7 pm)
• October 11 RRB Breezeway (7 am4 pm)
• October 12 Law School (11 am3 pm)
• Lunchtime QA
• October 3 4 Courtyard Café (11am1 pm)
• October 5 VCH Performance Area (1230230 pm)
• October 6 Sarratt Promenade (11 am1 pm)
• Last Day October 16
• 2525 West End, Suite 531 (8 am5 pm)
• RRB Breezeway (8 am5 pm)

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For More Information

• Visit the Benefits/Open Enrollment section of the
  HR Web site
• http//hr.vanderbilt.edu/benefits/openenrollment.
  htm
• or email Benefits Office
• benefits_at_vanderbilt.edu

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• QUESTIONS?