“I’ve Got What?!” A Benefit Overview South Wisconsin District: Passionate Believers Conference January 26, 2019 Presented by Louis Johnson Director – Account Management
One Faith, One Community Who is Concordia Plan Services ? Our Mission Statement: We “walk together” with LCMS ministries in caring for workers and their families…so that the Word of God continues to spread!
One Faith, One Community Who is Concordia Plan Services ? • Benefit branch of The Lutheran Church — Missouri Synod • Created in Convention: CPS is to care for church workers • CPS designs the plans, finds the vendors, administers the plans, delivers communication and education, and serves as your advocate
One Faith, One Community Who Concordia Plan Services is not ? • CPS is not an insurance company. • CPS is not a for-profit entity
One Faith, One Community Concordia Plan Services Serves: LCMS organizations (“ Employers ”) • Churches • Schools: Pre-School, Elementary, High School • Universities / Seminaries • International Center • District Offices (35 across U.S.) • Concordia Publishing House • Recognized Service Organizations • Campus Ministries • Camps • Senior Centers • Mission Field Worldwide They choose to adopt the Plans – most do
One Faith, One Community Concordia Plan Services Serves: LCMS employees (“ Workers ” “ Members ”) • Pastors / DCEs / Deaconesses (6,200) • Teachers / Professors (6,900) • Lay Workers (19,400) • Executive / Administrative • Office Personnel • Office Support • Facilities and Maintenance • Career Missionaries (120)
One Faith, One Community Concordia Plan Services Provides: 1. Concordia Health Plan (CHP) 2. Concordia Disability and Survivor Plan (CDSP) (Death Benefits) 3. Concordia Retirement Plan (CRP) (Defined Benefit Plan-Pension) 4. Concordia Retirement Savings Plan (CRSP) (Defined Contribution Plan – 403b)
Concordia Health Plan Covers you during times of sickness and provides wellness resources
One Faith, One Community Concordia Health Plan (CHP) • Employer-sponsored plan (your church/school chooses which option): – Employer is required to pay at least 50% of cost for your coverage – Employer establishes a policy for dependent coverage • Once Called and at the church/school: – Will be enrolled under employer’s plan option – Can decline coverage if: • covered under parent’s group health plan • covered under spouse • covered under military plan . . .
One Faith, One Community CHP Benefits and Providers: • Medical Care – • Prescription Drugs – • Disability – • Dental Care – • Mental Health/Substance Abuse Care – • Employee Assistance Program (EAP) – • Vision Benefits – • Hearing Discount Program -
One Faith, One Community CHP Preventive Care Benefits Covered at 100% Calendar Year! • Cholesterol/lipid profile • Physical • Mammogram (2D) • Diabetes screening • Prostate digital exam • Pap Smear • Rectal digital exam • Osteoporosis screening • Breast exam • Colon cancer screening • Colonoscopy screening • Prostate Specific Antigen (PSA) • Skin exam • Hypertension (covered if recommended by • Occult blood screening physician) (covered 1 per year)
One Faith, CHP Wellness Resources One Community Encourages & rewards healthy behaviors • Earn gift cards for walking (trackers), healthy shopping, health screenings, on-line education, etc. • $100 toward purchase of Fitbit, Garmin • $250 Gym Membership Rebate • Apple Watch Program www.PowerofVitality.com
One Faith, CHP Wellness Resources One Community Personal medical advice/support to get the best medical care • Relocating? Find your doctors • Children? Find a pediatrician • Surgery? Get a second opinion • Mediations? Have your regimen reviewed • Pain? Get to the root of the problem • Diagnosis? Get clear “next steps” www.grandrounds.com/concordiaplans 1-866-357-9819 (7 a.m. – 8 p.m. CT) Grand Rounds App
One Faith, CHP Wellness Resources One Community Health Prevent Program 16-week digital health program for members at risk for type 2 diabetes and/or heart disease. • Free full-time health coach • Free wireless smart scale • Free app and fitness tracker • Online peer/support group • Interactive weekly lessons See if you qualify: omadahealth.com/concordia
One Faith, CHP Wellness Resources One Community Diabetes Management Helping you control your diabetes • Connected glucose meter to online account • Unlimited strips • App: – Track glucose readings – Communicate with coaches – Get daily insights To enroll: welcome.Livongo.com/concordia
One Faith, CHP Wellness Resources One Community Diabetes Management Clinically proven way to reverse Type II Diabetes • Decrease blood sugar • Reduce meds • Lose weight THROUGH: • Physician supervision • One-on-one health coaching • Biomarker tracking • Private Virta Community (More information coming in 2019)
One Faith, CHP Wellness Resources One Community Weight Loss Program 10-week journey to lose weight • Learn positive eating practices • Learn when and how to eat • Digital counseling program • Weekly on-line lessons (More information coming in 2019)
One Faith, CHP Wellness Resources One Community Employee Assistance Program (EAP) Helping you and your family with: – Stress – Depression – Family matters – Child care needs – Vocational concerns ➢ 6 FREE face-to-face visits per episode ➢ Unlimited telephonic 866-726-5267
One Faith, CHP Wellness Resources One Community FREE 24-Hour NurseLine 24/7 toll-free calls to RN for medical advice – Answers to health questions – Direction on when and where to seek medical attention – Help choosing providers – Access to a 24-hour audio library consisting of hundreds of medical topics 800-605-6621
One Faith, CHP Wellness Resources One Community Digital Docs (Doctor on Demand or MDLive or Teladoc) • Online care from real doctors BCBS Cigna UMR • For acute illnesses: fevers, colds and flu, allergies, migraines, pinkeye, ear infections, urinary tract infections, sinus infections... • Copay or $40- $50 per “visit”
Concordia Disability and Survivor Plan Supporting You and Your Family During Pregnancy, Injury, Illness and Death
One Faith, One Community Concordia Disability & Survivor Plan (CDSP) Disability Benefits (and pregnancy) • The full cost of CDSP is paid by your employer • Disability Income – Benefit after 14 consecutive days – Pays 70% of your monthly salary to you to help replace lost income • Financial protection for you and your employer during extended disability: – Waiver of monthly contributions for employer – You get continued health coverage
One Faith, One Community Concordia Disability & Survivor Plan (CDSP) Survivor Benefits (similar to life insurance): • Should you die while actively working (not retired): – One-time lump sum death benefit paid to your named beneficiary: • 2 X annual salary • plus 1 X annual salary for each enrolled dependent child • up to a maximum of 6 X annual salary • For the death of an enrolled spouse and child: – A lump-sum death benefit of $10,000 – Active worker is the beneficiary
One Faith, One Community Supplemental Life Insurance As a CDSP member, you can purchase additional Supplemental Life Insurance at discounted group rates: • Newly hired? You can purchase through Minnesota Life with a guaranteed coverage amount during your initial eligibility period • Coverage may also be available afterward upon review and approval by Minnesota Life • Coverage may be purchased for you and enrolled dependents
Concordia Retirement Plan (CRP) Providing steady income during retirement
One Faith, One Community Concordia Retirement Plan (CRP) • Provided by your Employer • Employer contributes for you • 100% vested after 5 years • A defined benefit plan providing lifetime retirement income • What you get is based on: ➢ Ave. monthly salary of 5 highest consecutive years ➢ Number of years enrolled in CRP • When you die, income for your surviving dependents
Concordia Retirement Savings Plan Savings to add to your retirement income
One Faith, One Community Concordia Retirement Saving Plan (CRSP) • Employer-sponsored, 403(b) savings plan – you contribute • Pre-tax and after-tax Roth options • Automatically deducted from paycheck • Your employer may provide a match • Your account with a balance amount (can run out)
One Faith, One Community Why You Need Additional Savings Expenses Your Savings Fills the Gap Salary prior to Social Security retirement Your CRP amount
One Faith, One Community Take Advantage of Compounding Interest! ($50/paycheck for 20 years)
One Faith, Financial/Retirement Questions: One Community Karen Wilhelms, Financial Educator Karen.Wilhelms@concordiaplans.org Paul Snyder, Financial Educator Paul.Snyder@concordiaplans.org Laura Scheer, Financial Educator Laura.Scheer@concordiaplans.org
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