The University of Mississippi Medical Center

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The University of Mississippi Medical Center

• FACULTY BENEFITS OVERVIEW

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ENROLLMENT

• Within 31 days of
• EMPLOYMENT
• Benefit payroll deductions are made a month in
  advance

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ENROLLMENT

• Pre-Tax Benefits (20 hours per week)
• Flexible Spending Accounts
• Medical Reimbursement Account
• Dependent Care Reimbursement Account
• State Employees Health Insurance Plan
• Base Plan (High Deductible)
• Select Coverage (Legacy/Horizon)

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ENROLLMENT

• Pre-Tax Benefits (20 hours per week)
• Dental
• Orthodontia
• Vision
• Hospital Indemnity Insurance
• Helps pay both in and outpatient medical expenses
  based on a scheduled amount or percentage

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ENROLLMENT

• Pre-Tax Benefits (20 hours per week)
• Cancer, Intensive Care, Dread Disease
• Coverage for Cancer with additional options
  available for 30 Dread Diseases and Intensive
  Care
• Accidental Death and Dismemberment
• Up to 300,000 or 10 times annual base salary
  (whichever is less) due to an accident
• Hospital confinement for accidents included

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ENROLLMENT

• Pre-Tax Benefits (20 hours per week)
• State Group Term Life Insurance
• Coverage equal to 2 times annual base (rounded to
  highest 1,000)
• Minimum - 30,000
• Maximum - 100,000

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ENROLLMENT

• Post-Tax Benefits (20 hours per week)
• Supplemental Term Life Insurance
• Coverage equal 1 to 6 times annual base (rounded
  to highest 1,000)
• Maximum - 600,000
• Available to Employees working 20 hours per week
• Dependents coverage available (limited)

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ENROLLMENT

• Post-Tax Benefits (20 hours per week)
• Burial Insurance
• Coverage varies
• Available for Employee, Spouse, Children and
  Grandchildren
• Short Term Disability
• Income replacement at 60 up to 3,000/ month
• Commences the 31st day of disability for up to 12
  months

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ENROLLMENT

• Post-Tax Benefits (20 hours per week)
• Long Term Disability
• Available for Executive, Administrative,
  Managerial, Faculty, Supervisory, CRNA, NP, PA,
  and Pharmacists
• Income replacement at 60 up to 6,000/ month
• Commences the 91st day of total disability and
  continuing up to age 65
• Superwrap option for Private Practice Income is
  available
• United Sates Savings Bonds (All Employees)
• Payroll deduction for purchase at one-half face
  value

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ENROLLMENT

• Tax-Deferred Benefits (20 hours per week)
• Public Employees Retirement System (PERS)
• Optional Retirement Plan (ORP)
• Tax Sheltered Annuities (403b)
• Deferred Compensation Plan (457)

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• Benefit Details

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The Benefit of Pre-Tax (Example)
Per Check (Pre-Tax Benefits) Gross
Pay 1,000 Insurance 100 Total
900 Taxes (10) 90 Take Home 810
Qualified Insurance Deductions

• Per check
• Gross Pay 1,000
• Taxes (10) 100
• Total 900
• Insurance 100
• Take Home 800

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Flexible Benefits Plan

• Medical Reimbursement (5,000)
• Full Amount is immediately available
• Still incur previous year expenses through March
  15th
• Grace Period for filing April 15th
• Dependent Care Reimbursement (5,000)
• Reimbursement are available once incurred
• Grace Period for filing April 15th
• New election form must be completed each year
• Use-It-Or-Lose-It Must use the funds during
  the plan year

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State Health Plan - Select

• LEGACY EMPLOYEE
• First eligible for States Health Plan prior to
  1/1/06
• HORIZON EMPLOYEE
• First eligible for States Health Plan on or
  after 1/1/06

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State Health Plan - Select

• 1,000 Employee Deductible or 2,000 Employee
  Dependent(s)
• AFTER the calendar year deductible, a majority of
  your out-of-pocket (coinsurance) expense is 20
  In Network and 35-40 Out-of-Network
• AFTER you have paid 2,500 (1,000 deductible
  20 out-of-pocket) then in-network coverage is
  paid at 100
• 50 prescription drug calendar year deductible
  per covered insured.
• PHARMACY CO-PAYMENT for 30-day supply (12
  generic/ 40 preferred / 65 non-preferred)
• MAIL ORDER SERVICE program through WALGREENS
  provides a 90-day supply for a 60-day price

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State Health Plan - Base

• 1,800 Employee Deductible or 3,000 Employee
  Dependent(s)
• AFTER the calendar year deductible, a majority of
  your out-of-pocket (coinsurance) expense is 20
  In Network and 35-40 Out-of-Network
• AFTER you have paid 3,550 (1,200 deductible
  20 out-of-pocket) then in-network coverage is
  paid at 100
• Must meet calendar year deductible before
  pharmacy co-payments apply.
• PHARMACY CO-PAYMENT for 30-day supply (12
  generic/ 40 preferred / 65 non-preferred)
• MAIL ORDER SERVICE program through WALGREENS
  provides a 90-day supply for a 60-day price

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Well Child Care for both Select and Base Plans

• Children from birth to 18 years of age
• Coverage only provided through a NETWORK provider
  and deductible is waived!
• - 100 Well-newborn nursery care
• - 100 Well-child physician office visits
• - 100 Specified routine tests
• - 80 Childhood routine immunizations

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Adult Wellness / Preventive Coveragefor both
Select and Base Plans

• Benefits will be provided at 100 of the
  allowable charge for up to two (2) office visits
  and certain diagnostic tests (based on
  participants age and gender)
• Services are not subject to calendar year
  deductibles
• Participant must complete a HealthQuotient? (HQ)
  health risk assessment each year prior to
  receiving services
• Covered wellness/preventive tests are available
  at
• http//knowyourbenefits.dfa.state.ms.us
• HealthQuotient? (HQ) is available at
• http//webmdhealth.com/mississippi

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Dental Insurance

• Type A Preventative Care
• Type B Basic Restorative
• Type C Major Restorative
• Type D OPTIONAL Orthodontic Rider
• OPTIONAL Vision Rider
• 50 calendar year deductible Type B C combined
• 1,200 calendar year maximum Type A B C
• 150 maximum in any 24 consecutive month period
  Vision Rider

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Retirement and Savings

• PERS - Public Employees Retirement System
• 7.25 Employee Contribution
• 12.00 Employer Contribution
• 4 or 8 year vesting
• Retire at age 60 or any age with 25 years of
  service
• 4 year vesting IF the employee is a Legacy
  employee AND still had money in the system upon
  returning

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Retirement and Savings

• ORP Optional Retirement Plan
• 7.25 Employee Contribution
• 9.40 Employer Contribution
• Immediate vesting
• Retire at any age but distributions before age
  59½ will result in government penalties
• Approved Providers
• VALIC
• ING
• TIAA-CREF

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Retirement and Savings

• 457 Deferred Compensation (2010 Limits)
• 16,500 Annual Deferral
• 5,500 - 50 Catch-up provision
• 16,500 Retirement Catch-up provision
• IF employee is within 3 years of retirement AND
  has not contributed at the maximum limit in
  previous years (3 year limit)
• Employee cannot use both Catch-up provisions
  during the same year

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Retirement and Savings

• 403(b) Tax Sheltered Annuity (2010 Limits)
• 16,500 Annual Deferral
• 5,500 - 50 Catch-up provision
• 3,000 15 Years of Service Catch-up provision
• IF employee is within 3 years of retirement AND
  has not contributed at the maximum limit in
  previous years (3 year limit)
• Both Catch-up provisions CAN be utilized in
  the same year

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Personal Leave Time

• Employees working 20 hours per week
• May use after the 90th day of employment
• 12 to 18 hours accrued per month
• Based on years of service
• Time accrual increases with years of service

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Medical Leave Time

• Employees working 20 hours per week
• May use after the 90th day of employment
• Exception Bereavement Leave is immediately
  available
• 5 to 8 hours accrued per month
• Based on years of service
• Time accrual increases with years of service

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Websites of Interest

• Employee Self Service
• http//my.umc.edu
• UMC Intranet http//www.umc.edu/intranet/index.php
  
• HR Website
• http//hr.umc.edu/
• UMC Yellowpages http//yellowpages.umc.edu/intrane
  t/index.html

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REMINDER - ENROLLMENT

• Within 31 days of
• EMPLOYMENT
• Benefit payroll deductions are made a month in
  advance

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Benefits Division Team

• Yolanda Townsend
• Insurance/COBRA
• 601-984-1138

• Tracy Chambliss
• Insurance/Cafeteria Plan
• 601-984-1128

• Angela Jones
• Manager/Retirement
• 601-984-1137

• Xue Jiang
• Payroll Deductions
• 601-815-5182

• Scott Stanford
• Director, Comp and Benefits
• Office 601-815-5183
• Mobile [phone]

• Jackie Harris
• Verification of Employment and Service Pins
• 601-984-1133

• Mamie Henderson
• ID Badges/Exit Interview
• 601-984-1949