2013 Benefits Renewal

  • Deadline for enrollment/change forms is Monday, December 3.
  • The annual benefit renewal information session will be held on Thursday, Nov. 15, from 11:15 am - noon in Kimmel Theatre.
  • There are no plan design changes or increase in premiums for all benefit plans. 
  • Those who wish to continue participation in the Health Savings &/or Flexible Spending plans must complete new 2013 election forms. The maximum annual contribution to the medical flexible spending account for 2013 has changed from $7,000 to $2,500.
  • There is a special opportunity to enroll or add supplemental life insurance coverage up to $40,000 (employee only) without having to prove good health (provided you've not previously been declined coverage). Click here for additional information regarding the supplemental life insurance offered through Prudential. Click here for the enrollment form.
  • EPIC Hearing savings program is being offered free of charge. Holmes Murphy, Cornell's benefit consultants, is offering this savings program for hearing care to Cornell employees. For more information, click here.

 

Employee Checklist:

Answer each question to determine what you need to do for open enrollment.

  1. Want to continue or add flexible spending account? 

 

    2.  Want to continue or add Health Savings Account (plan is only available for those enrolled or enrolling in the High Deductible Health Care Plan)?

 

    3.  Are you enrolled in Cornell's health insurance? 
  • Yes - Complete the Letter of Intent to participate in the 2013 wellness screening, regardless if electing to participate or not
  • No - do nothing

    4.  Want to add, drop or change insurance coverage for yourself or dependents?

  • Yes - Complete either the health, dental or vision enrollment/change form (click one)
  • No - do nothing

    5. Want to add supplemental insurance coverage for yourself?

Required Notices to Employees:

Click here for a general contact sheet for all insurance providors.

___________________________________________________________________________________

Health Insurance

No changes to plan design or premiums for 2013.

Important Notes:

  • There are two health insurance plan options: regular Health Care Plan and High Deductible Health Care Plan
  • Dependent children may be covered to age 26 under both plans
    • If the dependent is aged 19 to 26 and has a health insurance coverage option through their own employer, they cannot be covered under the regular Health Care Plan, but may still be covered under the High Deductible Health Care Plan
  • No lifetime plan maximum
  • No pre-existing condition limitations for dependents under the age 19
  • With the HDHP, after deductible is met, covered services are paid at 100% for the rest of the calendar year (no co-payments, no co-insurance)
  • Preventive care (2 yrs and older) and Well-Baby Care (0-2 yrs) is covered at 100% under both plans. Under the HDHP, covered services are paid at 100% regardless if deductible is met. (Note: preventive care excludes routine eye exams.)
  • No 4th quarter (Oct - Dec) carry-over deductible provision under the HDHP
  • Colonoscopies:
             HDHP: covered services are paid at 100% if considered preventative, if considered diagnostic covered services will be subject to the deductible 

             Regular Health Care Plan: deductible is waived regardless if routine or diagnostic, 20% coinsurance

 

Plan Booklets:

Summary Plan Description (SPD) for Regular Health Care Plan

SMM #1 4-1-12

Summary Plan Description (SPD) for HDHP

SMM #2 4-1-12

SMM #3 1-1-13


Premiums:

Regular Health Care Plan Premiums

Coverage Monthly Premium*
Single $75.00
Employee + 1 $309.56
Family $438.00

 

 

 

 

 

High Deductible Health Care Plan Premiums

Coverage Monthly Premium*
Single $49.28
Employee + 1
$237.83
Family $308.81

 

 

 

 

 

*+$25 if not participating in wellness program

Information:

Forms: 

  • Letter of Intent to participate in the 2013 wellness screening and receive $25/mo premium discount

___________________________________________________________________________________

Health Savings Account

No changes to plan design for 2013.

  • Must be enrolled in the High Deductible Health Care Plan to enroll in a Health Savings Account
  • Incentive to Participate: Cornell College will deposit $25 each payroll in 2013 into your HSA account
  • If your spouse is participating in a medical flexible spending account (FSA) with their employer that is not a Limited Purpose FSA account, you cannot enroll in a Health Savings Account

Information:

Informational Brochure on HSAs through US Bank

HSA FAQ

Forms:

HSA Payroll Deduction Form

___________________________________________________________________________________

Flexible Spending Accounts

The Internal Revenue Service has reduced the maximum amount you may contribute to the medical flex spending account in 2013 from $7,000 to $2,500.

Important notes:

  • If you are planning to participate in a Health Savings Account (or your spouse participates with his/her employer) and want to participate in a flex spending account, you can only enroll in a "Limited Purpose Flex" account to allow reimbursement of eligible dental and vision expenses only. Health care expenses are to be reimbursed via your Health Savings Account.
  • If your spouse is participating in a medical flexible spending account (FSA) with their employer that is not a Limited Purpose FSA account, you cannot enroll in a Health Savings Account

Information:

Forms:

___________________________________________________________________________________

Dental Insurance

Changes:

  • No plan design or premium changes

Premiums:

Coverage Monthly Premium
Single $40.48
Employee + 1 $80.97
Family $146.73

 

 

 

 

 

Information:

Delta Dental Coverage Summary

Delta Dental Website - access to in-network providers listing and claims detail

Vision Discount Program - free to Delta Dental members

Forms:

Dental Enrollment/Change Form

___________________________________________________________________________________

Vision Insurance

No changes to plan design or premiums for 2013.

 

Premiums:

Coverage Monthly Premium
Single $6.68
Employee + Spouse $13.37
Employee + Children $12.62
Family $17.24

 

 

 

 

 

 

Information:

Avesis Coverage Summary

Vision Insurance FAQ

Avesis Website - access to list of providers, customer service and ability to print ID card

Forms:

Vision Enrollment/Change Form

 

Please note that the benefit summaries provided are not intended to be a complete description of employee benefits. Please consult the summary plan descriptions and/or insurance certificate for additional details including plan limitations and exclusions. The master plan documents will prevail.

© 2013 Cornell College | 600 First Street SW, Mount Vernon, IA 52314 | (319) 895-4000 | Contact Us | Website Feedback