Health & Welfare and Retirement Benefits 2016 Benefits Overview (6/15/2016)
ELIGIBILITY House Staff Employees − All House Staff employees are eligible for benefits except for Military House Staff Eligible Dependents − Spouse − Eligible Domestic Partner (same-sex or opposite-sex if you or your partner is age 62 and older) − Eligible Children up to age 26 (up to age 23 for Child Life Insurance) Dependent Verification with Benefitsolver − Submit required eligibility documents within 60 DAYS of Event Date − Dependents will not have coverage until Dependent Verification is completed but coverage will be retroactive to the event once documentation is received Confidential – For Discussion Purposes Only 2
BENEFITS ENROLLMENT New Hire Enrollment Period − You have 31 DAYS from your Date of Hire (DOH) to enroll or waive your plans Effective Date of Coverage − Your Medical/Vision, Dental, Employee Assistance Program (EAP) benefits are effective on your DOH − All other benefits are effective the 1 st of the month following DOH New Hire Default Coverage − If you do not take action, you will be assigned Employee-Only coverage Medical House Staff Aetna Choice POS II Plan Delta Dental PPO Basic Plan Other Enrollment Periods − Annual Open Enrollment in the Fall with changes effective Jan 1 the following year − Qualifying Life Event (QLE): mid-year life event such as Marriage, Birth, etc. Confidential – For Discussion Purposes Only 3
HEALTH BENEFITS: Medical/Vision Medical Coverage Options – provided by SHC at no premium cost to you − House Staff Aetna Choice POS II (default coverage) www.aetna.com Prescription via CVS/caremark network www.caremark.com Behavioral health and substance abuse treatment via Optum www.liveandworkwell.com (Access code: bwell) Vision via VSP (see below) www.vsp.com You will be issued an Aetna medical card and a CVS/caremark prescription card but will not be issued an Optum card − Kaiser Permanente HMO You will be issued a Kaiser card Vision Coverage: VSP − Bundled with your medical plan enrollment (Aetna or Kaiser HMO) − Seek in-network services with VSP at www.vsp.com − You will not be issued an ID card Confidential – For Discussion Purposes Only 4
HEALTH BENEFITS: Dental, EAP Dental Coverage Options − Delta Dental Basic PPO Plan (default coverage) − Delta Dental Buy-Up PPO Plan − DeltaCare USA DHMO Plan − All plans are administered by Delta Dental www.deltadentalins.com − You will not be issued a card with any of the PPO Plans Employee Assistance Program (EAP) − Administered by Beacon Health Options www.achievesolutions.net/shclpch − SHC-provided at no cost to you, auto-enrolled − Work-life resources including legal and financial counseling − 10 free sessions per issue per year Confidential – For Discussion Purposes Only 5
OTHER HEALTH BENEFITS CareCounsel www.carecounsel.com − SHC-provided at no cost to you − Your healthcare advocate Help you understand your health plans Assist with claims resolution HealthySteps to Wellness Program https://wellness.healthysteps4u.org/wellness-self- care/ − Promotes the improvement and maintenance of health and well-being − When enrolled in an SHC-sponsored medical plan, you are eligible to earn wellness incentive dollars − Quarterly payout of wellness incentive funds that get deposited into a Health Incentive Account (HIA) with HealthEquity − HIA funds can be used to pay for out-of-pocket IRS-qualified healthcare expenses − Debit card is not issued − Submit claims incurred in 2016 no later than March 15, 2017 Confidential – For Discussion Purposes Only 6
HEALTH BENEFITS: Flexible Spending Accounts Tax-advantaged flexible spending accounts (FSA) allow you to use pre-tax $ to help pay for IRS-qualified healthcare and/or dependent care expenses. − Administered by HealthEquity www.myhealthequity.com − Register online at HealthEquity to view account balance, transactions, and submit claims for reimbursement Health Care FSA − 2016 IRS Max Contribution Limit: $2,500 − You will be issued a debit card inside the Welcome Packet − Submit claims incurred in 2016 no later than March 15, 2017 Dependent Daycare FSA − 2016 IRS Max Contribution Limit: $5,000 per family − You will not be issued a debit card − Submit claims for reimbursement with HealthEquity − Submit claims incurred in 2016 no later than March 15, 2017 Confidential – For Discussion Purposes Only 7
LIFE AND ACCIDENT BENEFITS Life and AD&D benefits administered by Liberty Mutual www.libertymutual.com Basic Life Insurance: $50,000 or 1x Annual Salary (whichever is lower) − SHC provides to you at no cost, auto-enrolled Optional Life Insurance: Elect 1x-6x Annual Salary − As a New Hire, you can elect up to 3x without completing an Evidence of Insurability (EOI) − EOI required when electing 4x-6x Spouse Life Insurance: purchase up to $50,000 without EOI Child Life Insurance: $10,000 per child up to Age 23, EOI not required Accidental Death & Dismemberment (AD&D): elect 1x-10x Annual Salary without completing an EOI − Employee or Family coverage Confidential – For Discussion Purposes Only 8
DISABILITY Disability benefits are provided by the Graduate Medical Education (GME) Office through Guardian administered by George Advisors. For additional information on this benefit, please visit the GME House Staff Policies & Procedures document at http://med.stanford.edu/gme/policy/toc.html. George Advisors Contact Information Anthony George / George Advisors 650.355.4247 ageorge@pacificadvisors.com Confidential – For Discussion Purposes Only 9
RETIREMENT SAVINGS PLAN (RSP) Retirement Savings Plan − Administered by Transamerica Retirement Solutions https://shclpch.trsretire.com − Voluntary 403(b) defined contribution plan − You may contribute pre-tax dollars to save for retirement − 2016 IRS Limits $18,000 under Age 50 $24,000 for Age 50 and above ($6,000 catch-up contribution) Confidential – For Discussion Purposes Only 10
WORK & LIFE BENEFITS: Back Up Care | Discounts Back-Up Care Advantage Program – − Administered by Bright Horizons www.backup.brighthorizons.com − User Name: SHC / Password: backup1 − 80 hours of back-up child or adult/elder care per calendar year − Copay $2/hour per child for center-based child care − Copay $4/hour for up to 3 people for in-home care Employee Discounts − Discount Marketplace https://stanfordhospital.benefithub.com/ First time users, use referral code XMSJWR − Employee Discount Club http://www.employeediscountclub.com/benefits/asp Password: stanfordmed Confidential – For Discussion Purposes Only 11
WORK & LIFE BENEFITS: Mercer Voluntary Benefits Voluntary benefits offered through Mercer www.shclpchvoluntarybenefits.com Group Legal Plan − Provided by Hyatt Group Legal Services − Single or Family coverage − Enroll within 31 days from your Date of Hire; otherwise, next opportunity is Annual Open Enrollment − Coverage termination can only be done during Annual Open Enrollment Other Voluntary Benefits − Pet Insurance, Homeowners/Renters Insurance, Auto Insurance, Identity Theft, Purchasing Program, Online Discount Marketplace − Enrollment must be done directly with Mercer via phone or online Confidential – For Discussion Purposes Only 12
NEW HIRE BENEFITS ACTION ITEMS Information: Review benefits information in 2016 Benefits Guide and HealthySteps website at www.healthysteps4u.org. If further guidance is needed in choosing the right plan for you and your family, contact CareCounsel at 888.227.3334. Enroll in Benefitsolver: Register, Enroll, Print Confirmation o Register at www.benefitsolver.com. Company Key: healthysteps o Enroll/Waive benefit options, add eligible dependents, and add Beneficiaries within the 31-day enrollment window . o Dependent Verification: When adding Dependents, prepare to submit required eligibility documents to Benefitsolver. o Print a confirmation statement. Transaction is complete when given a Confirmation #. Evidence of Insurability (EOI): Complete any pending EOI with Liberty Mutual within 60 days of enrollment at www.MyLibertyConnection.com (Company Code: SHCLPCH-ER) or by clicking on Liberty Mutual logo in Benefitsolver. Confidential – For Discussion Purposes Only 13
TOOLS & RESOURCES: New Hire Benefits Enrollment Benefits Website: HealthySteps www.healthysteps4u.org − Information on benefit plans and program details, vendor contacts − Enter Employee ID or SID to login, or use temporary login housestaff − New Hire Benefits Presentation: https://healthysteps4u.org/life-events/new-hire/ Benefits Enrollment: Benefitsolver www.benefitsolver.com − Company Key: healthysteps Benefit Questions: Benefitsolver 855.327.5025 (Mon-Fri, 5am-5pm Pacific), shclpch@businessolver.com , or Live chat in Benefitsolver online − assist with benefits enrollment over the phone and answer your health and welfare benefits questions Healthcare Advocacy: CareCounsel 888.227.3334 (Mon-Fri, 630am-5pm Pacific) | staff@carecounsel.com | www.carecounsel.com − help with decision-making on picking the health plans suitable for you and your family All Vendor Contacts: https://healthysteps4u.org/vendor-contacts/ Confidential – For Discussion Purposes Only 14
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