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Wisconsin Retirement System (WRS)
Tax-Sheltered Annuity Program (TSA)
Wisconsin Deferred Compensation
Employee Reimbursement Account (ERA)
Edvest College Tuition Program
UW-L Human Resources
Investment and Savings Programs
Retirement contribution is 7.00% of an employee’s gross wages and the State is currently paying 7.00% as a fringe benefit
Two funds available within the WRS:
◦ Core Fund: 60% stocks, 40% fixed income and other assets
◦ Variable Fund: 100% stocks
◦ All contributions are invested in Core Fund unless you file a Variable Fund election to send 50% of contributions to Variable Fund
Earliest age to retire is 55 years old, 50 years old for Protective Employees. Normal retirement age is 65 years old
Five year vesting requirement if hired on or after July 1, 2011 and have no WRS creditable service prior to July 1, 2011. Immediately vested if you have WRS service prior to July 1, 2011
Annual statements are received in April each year
UW-L Human Resources
Wisconsin Retirement System (WRS)
Option to elect participation in the variable fund as part of your Wisconsin Retirement System account
Employee has 30 days from start date to complete the election form for the current year
Form must be submitted directly to Department of Employee Trust Funds (ETF)
If employee does not elect to participate in variable for the year in which he or she was hired, election form for the next year is due by December 30
Additional information about Variable Fund: www.etf.wi.gov/publications/et4930.pdf
UW-L Human Resources
WRS Variable Participation
Supplemental retirement account◦ Voluntary employee contributions◦ No employer matching
5 TSA Companies to choose from:◦ Fidelity◦ T. Rowe Price◦ TIAA-CREF◦ Ameriprise/RiverSource Life Insurance◦ Lincoln National Life Insurance
2014 Contribution amounts◦ Maximum: $17,500 per year◦ Minimum: $8.00 per pay period◦ Age 50 and older: $23,000
Enroll by completing vendor application and salary reduction agreement form$12.00 annual administrative fee to participate (fee waived for 2014)
Tax-Sheltered Annuity Program (TSA)
UW-L Human Resources
To enroll or for additional information, please contact:◦ Telephone Number: (877) 457-9327◦ Website: http://www.wdc457.org
Funds are chosen and monitored by the State Deferred Compensation Board.
2014 Contribution amounts◦ Maximum: $17,500 per year◦ Minimum: None◦ Age 50 and older: $23,000
Annual fees based on total account balance ($0-$66/year)
Wisconsin Deferred Compensation Program
UW-L Human Resources
Require Annual Open Enrollment◦ Application due within 30 days of employment.
Dependent Care◦ $5,000 maximum
Single, Head of Household and Married, Filing Jointly
◦ $2,500 maximum Married, Filing Separately
Medical Expenses $100 minimum $2,500 maximum
Employee Reimbursement Account (ERA)
UW-L Human Resources
Administered by the Office of the State Treasury with TIAA-CREF providing records management for all accounts
Call toll free: (888) 338-3789 for an information and enrollment kit
Enrollment Web site: www.Edvest.com/savenow or call toll free at 1-800-368-2424.
Ed-Vest College Tuition Program
UW-L Human Resources
Income Continuation Insurance (ICI)
State Group Health Insurance
Life Insurances
◦ State Group Life
◦ Individual & Family Life Ins.
◦ UW Employees Inc.
Accidental Death & Dismemberment (AD & D)
EPIC Benefits Plus
Dental Wisconsin
VSP Vision Insurance
Long-term Care Insurance
Insurance Programs
UW-L Human Resources
An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment.
Coverage effective after completing 6 months in WRS.
Protects your income during periods of illness or disability by paying up to 75% of your monthly gross income up to age 65.
Your salary determines the monthly premium.
Income Continuation Insurance (ICI)
UW-L Human Resources
An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment.Two month waiting period for coverage with the state contribution if no prior state service. Can enroll immediately and pay full cost for the first two months.See “It’s Your Choice” booklet for additional information.All health insurance information, can be found in the It’s Your Choice: Decision Guide and the It’s Your Choice: Reference Book at: www.etf.wi.gov/members/health_ins.htmTo find out which health plans have providers in your area, refer to the Choose Your Health Plan section beginning on page 20 of the Decision Guide.
State Group Health Insurance
UW-L Human Resources
HMO Plans (La Crosse area)
◦Health Tradition
◦Gundersen
PPO (Preferred Provider Plan)
◦ Standard Plan (WPS)
State Group Health Insurance
UW-L Human Resources
HMO medical care must be received in selected Medical Center except for emergency care or when referred.
◦ Health Tradition Provider: Mayo Health System – Franciscan Health Care
mayoclinichealthsystem.org/locations/la-crosse
◦ Gundersen Provider: Gundersen Health System
www.gundersenhealth.org
Pre-tax deduction:◦ Single: $88.00
◦ Family: $219.00
All HMO plans are required to provide same level of benefits (Uniform Benefits)
State Group Health Insurance HMO Plans
UW-L Human Resources
10% Coinsurance up to out-of-pocket maximum ◦ Preventative care covered at 100%
◦ Out-of-pocket max is $500/person, $1,000/family
HMO plans have limited uniform dental coverage◦ Preventive & Diagnostic
No deductible 100% coverage
◦ Primary (basic) Service No deductible 80% coverage
◦ Maximum Dental Benefit: up to $1,000 per person per year
State Group Health InsuranceHMO Plans
UW-L Human Resources
WPS is administrator of Standard PlanNo dental coverage availableFreedom to choose physician and location of service
◦ In-network provider Plan pays 90% for benefits. 10% co-insurance. Deductible $400 per person per calendar year or $800 per family per calendar year.
◦ Out-of-network provider Plan pays only 70% for most benefits. 30% co-insurance until maximum deductible amount is met. Deductible $500 per person per calendar year or $1,000 per family per calendar year. Maximum deductible of $2,000 per person or $4,000 per family per calendar year.
◦ Maximum deductible of $200 per person or $1,000 per family per calendar year.
Advantage Program requires prior notice of non-emergency admissions, or within 48 hours after an emergency admissionPre-tax deduction is:
◦ Single: $239.00◦ Family: $596.00
State Group Health InsuranceStandard Plan (PPO)
UW-L Human Resources
Administered by Navitus Health Solutions. You will receive an ID card from Navitus that you will need to present when you pick up a prescription.3 Tiers for Co-Payments◦ Tier 1: $5.00◦ Tier 2: $15.00◦ Tier 3: $35.00
Annual prescription drug out-of pocket maximums:◦ Individual: $410◦ Family: $820
Tier 3 prescription drugs do not count toward the annual out-of-pocket maximum.
Standard Plan: ◦ Individual: $1,000◦ Family: $2,000
Mail Order is available through WellDyneRx. Up to a 90-day supply of Tier 1 and Tier 2 drugs may be purchased for two copayments.For additional information, please contact (866) 333-2757 or visit the website: http://www.navitus.com
State Group Health InsurancePrescription Drug Coverage
UW-L Human Resources
State Group Life Insurance
◦ Administered by Department of Employee Trust Funds (ETF)
University of WI Employees, Inc. Group Life
◦ Administered by Minnesota Life
Individual & Family Group Life
◦ Administered by Minnesota Life
Life Insurance Programs
UW-L Human Resources
An application must be submitted indicating whether you elect or decline the insurance within 30 days of employment.
Coverage becomes effective the first of the month after the application is received, when 6 months in WRS are completed.
Term life insurance program
Each unit of coverage is based upon your annual earnings rounded up to the nearest $1,000.
Premiums are based upon your age, annual salary, and coverage selection.
Premiums are paid one month in advance.
Beneficiary Designation form: www.etf.wi.gov/publications/et2320.pdf
State Group Life Insurance
UW-L Human Resources
You may elect coverage at the following amounts Basic (1x earnings) Basic + Supplemental (2x earnings) Basic + Supplemental + 1 Additional Unit (3x earnings) Basic + Supplemental + 2 Additional Units (4x earnings) Basic + Supplemental + 3 Additional Units (5x earnings)
Spouse/Dependent Coverage:◦ $2.50/month provides:
$10,000 spouse coverage $ 5,000 for each child
◦ $5.00/month provides: $20,000 spouse coverage $10,000 for each child
State Group Life Insurance
UW-L Human Resources
Must apply within 30 days of employment and be eligible to participate in the State Group Health Insurance Program.
Coverage begins on the first of the month after Human Resources receives application.
Late enrollment requires medical evidence of insurability.
Benefits include:◦ Decreasing term insurance.
◦ Coverage amount based on age.
◦ Ranges from $30,000 to $4,000 at age 65 and over.
Beneficiary Designation: www.bussvc.wisc.edu/ecbs/uwee-ga-562.pdf
UW Employees Life Insurance
UW-L Human Resources
Must apply within 30 days of employment.
Coverage begins the first of the month after Human Resources receives application.
You may elect initial coverage at the following amounts:◦ Employee: $5,000 / $10,000 / $15,000 / $20,000
◦ Spouse/Domestic Partner: $5,000 / $10,000
◦ Children: $2,500 / $5,000
Can increase coverage level on an annual basis during Annual Increase Option Period every October.
Maximum coverage amount:◦ Employee: $300,000
◦ Spouse/domestic partner: $150,000
◦ Children: $25,000
Late enrollment requires medical evidence of insurability.
Beneficiary Designation: http://www.wisconsin.edu/hr/benefits/ins/uws1305.pdf
Individual & Family Group Life
UW-L Human Resources
Open enrollment anytime
Insurance is effective on the first of the month following receipt of the application
Benefit payable for accidental death or dismemberment only
Includes an education and training benefit for any covered surviving dependents
Coverage options range from $25,000 to $500,000 for single and family coverage
Premiums are based upon plan and coverage option selected
Coverage also includes Zurich Travel Assist package
Application/Beneficiary Designation: ◦ www.uwsa.edu/hr/benefits/ins/uws1245.pdf
Accidental Death & Dismemberment
Insurance
UW-L Human Resources
Must apply within 30 days of employment
Supplemental Dental Coverage:◦ Crowns, implants, bridges, and other major services are
covered at 50% with an annual benefit maximum of $1,500/person after a $75 deductible
Orthodontia Coverage:◦ Pays 50% up to $1,200 orthodontia lifetime maximum
for dependent children under age 19, after a 12-month waiting period
Vision Benefit:◦ Davis Vision Discount Program is optional for an added
premium
Hospital/Surgery Benefit:◦ Pays $100 for each outpatient surgery (at approved
facility) or $100/day of hospital confinement beginning with third day
Accidental death & dismemberment coverage
This does not replace Health Insurance
Coverage Options
Without Vision
With Vision
Employee $19.77 $24.02
Employee and Child $39.54 $47.04
Employee & Spouse/
Domestic Partner
$39.54 $47.04
Family$59.31 $70.34
Epic Benefits+2014 Monthly Premiums
UW-L Human Resources
Must apply within 30 days of employment.
A dental provider must be selected from those associated with the plan
A plan orthodontist must be used
Two plans to choose from: Preferred Provider Plan (PPO) Select Plan
Dental Wisconsin
UW-L Human Resources
If your medical plan does not include dental benefits OR you want flexibility to use any dentist of your choice
Obtain a greater benefit for services by using in-network provider
Annual deductible: ◦ $25 in-network dentist
◦ $50 out-of-network dentist
Waiting period:◦ Diagnostic and Preventative services:
◦ No waiting Period
◦ Basic and Major Services: 3 months for new enrollees only
◦ Orthodontia: 12 months
PPO Provider Directory: www.uwsa.edu/hr/benefits/ins/dppoprov.pdf
2014 Monthly PremiumsPPO Plan
Employee $28.32
Employee & Spouse/ Domestic
Partner
$59.96
Employee & Child(ren)
$67.04
Family $101.34
Dental WisconsinPreferred Provider Plan (PPO)
UW-L Human Resources
If your health plan has a dental benefit AND you want additional comprehensive benefits
This plan supplements dental benefits provided by health plan
Freedom to choose any dentist
No coverage for preventive or diagnostic services.
Many restorative services are partially covered after a $50 deductible.
Waiting Period: ◦ Basic and Major Services: 3 months for new
enrollees only
◦ Orthodontia: 12 months
2014 Monthly PremiumsSelect Plan
Employee $20.52
Employee & Spouse/Domestic
Partner
$42.19
Employee & Child(ren)
$48.68
Family $71.59
Dental WisconsinSelect Plan
UW-L Human Resources
Must enroll within 30 days of employment begin date
◦ No subscriber card: Use Person ID#
Covers:◦ One eye exam per year with a $10 co-pay
◦ One pair of lenses/contacts per year after co-pay
◦ Frames covered once every 24 months after $25 co-pay
Must enroll for entire year for eligibility
Premiums are paid pre-tax
Plan Information: www.uwsa.edu/hr/benefits/ins/vision.htm
2014 Monthly PremiumsCoverage Options
Employee Only $6.35
Employee & Spouse/Domestic
Partner
$12.70
Employee & Child(ren)
$14.30
Employee & Family $22.85
VSP Vision Insurance
UW-L Human Resources
All employees, spouses and parents of both may apply at any time, subject to medical underwriting. Visit the ETF website for additional information: http://etf.wi.gov/members/benefits_ltci.htm
Long-term Care Insurance
UW-L Human Resources