new employee benefits summary – 2017 · • an introduction to the mandatory wisconsin retirement...
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Welcome to the University of Wisconsin-Madison
New Employee Benefits Summary – 2017For employees covered by the Wisconsin Retirement System (WRS) with appointment start dates between December 2, 2016 - December 1, 2017
• University Staff • Academic Staff • Faculty • Limited Appointees
Office of Human Resources 21 North Park Street, Suite 5101 Madison, Wisconsin 53715-1218
ENGLISH If you have any questions about this information, please contact us at [email protected] or (608) 262-5650 to communicate in English. If you would like to request translation or interpretation services, please call Cultural Linguistic Services in the Office of Human Resource Development at (608) 265-4691. Thank you.
ESPAÑOL / SPANISH Si tiene preguntas sobre esta información y desea comunicarse en inglés, puede contactar con nosotros mediante correo electrónico [email protected] o en el teléfono (608) 262-5650. Si quiere solicitar servicios de traducción o interpretación en español, por favor llame a Blanca García al (608) 265-0838 o a Carmen Romero al (608) 265-4691 en la Oficina de Servicios Lingüísticos y Culturales (Oficina de Desarrollo de Recursos Humanos). Gracias.
HMOOB / HMONG Yog koj muaj lus nug txog qhov no, thov hu rau peb ntawm [email protected] los (608) 262-5650 rau lus Askiv. Yog koj xav tau kev pab txhais ntawv los lus Hmoob, thov hu Kev Pa Cuam Txhais Lus (Cultural Linguistic Services) nyob hauv Office of Human Resources Development rau Ntsuabzoov Thoj tus xovtooj (608) 263-2217. Ua Tsaug.
ཁ པ ༦༠༨ ༢༦༢ ༥༦༥༠ ཁ ཁ པ ༦༠༨ ༨༩༠ ༢༥༤༥
中文 / CHINESE如果您对此信息有任何疑问,请联系人力资源办公室 [email protected]或 (608) 262-5650用英语交流。如果您需要中文笔译或口译服务,请联系人力资源发展办公室文化语言服务中心的李书文,联系电
话为(608)890-2628。谢谢。
Cultural Linguistic ServicesOffice of Human Resource Development
University of Wisconsin - Madison
Welcome to the University of Wisconsin-Madison!
This packet is designed to provide you with information regarding the benefit plans UW-Madison offers you and your family. Whether you are interested in health, dental, vision or life insurance benefits, we are confident you will find plans that suit your needs. The University contributes toward the cost of several benefit plans adding to your total compensation.
Selecting your benefits is an important process. We encourage you to read this information promptly and thoroughly as some plans require enrollment within the first 30 days of employment, or of becoming a benefits-eligible employee.
This packet includes information about a variety of benefit plans. Visit our website for more information: http://benefits.wisc.edu.
If you have questions about your benefits, please contact UW-Madison Benefits Services at [email protected] or (608) 262-5650.
Once again, welcome to UW-Madison. On Wisconsin!
Benefits 101:Benefits Seminar for New EmployeesFor Employees covered by the Wisconsin Retirement SystemPresented by: The Office of Human Resources, Benefit Services
Welcome to the University of Wisconsin – Madison!
If you are a new employee, or an existing employee who is newly covered by the Wisconsin Retirement System, register for this seminar within your first 30 days!
RegistrationGo to http://www.talent.wisc.edu and select Benefits 101, under ‘Learn About Your Benefits.’
Benefits 101 features:
• An overview of your extensive UW benefits package; your choices and options • An explanation of the information and forms on the benefits website, http://benefits.wisc.edu • An introduction to the mandatory Wisconsin Retirement System and optional retirement programs • A question and answer session with a benefits expert • You will receive a personalized worksheet with your enrollment deadlines
Benefits 101 locationsMost Benefits 101 Seminars are held at 21 North Park St. Some seminars are held at Union South or other campus locations. Be sure to check the location of the seminar for which you have registered.
Visit our website for complete comprehensive benefits information http://benefits.wisc.edu. If you have questions, contact [email protected].
21 North Park St, southeast campus areaUW-Madison, southeast overview map
This benefit summary is an overview of UW-Madison employee benefits. For more detailed information, applications, guides and booklets, visit the UW-Madison Benefits Services website: benefits.wisc.edu
IntroductionEnrollment Deadlines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Effective Date of Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6New Employee Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 benefits.wisc.edu Benefits 101: Benefits Seminar for New Employees Benefits WalkthroughCompleting Benefit Applications . . . . . . . . . . . . . . . . . . . . . . . 6
Benefit Plans Wisconsin Retirement System . . . . . . . . . . . . . . . . . . . . . . . . . 7 State Group Health Insurance . . . . . . . . . . . . . . . . . . . . . . . . 8 Comparison of Health Plan Benefit Options . . . . . . . . . . . . . 9 EPIC Benefits+ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Dental Wisconsin Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . 17 VSP Vision Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Comparison of Dental Plans . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Comparison of Vision Coverage Options . . . . . . . . . . . . . . . . 20 Income Continuation Insurance . . . . . . . . . . . . . . . . . . . . . . . 21 State Group Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Individual and Family Group Life Insurance . . . . . . . . . . . . . . 22 UW Employees, Inc. Life Insurance . . . . . . . . . . . . . . . . . . . . 23 University Insurance Association Life Insurance . . . . . . . . . . 23 Accidental Death and Dismemberment Insurance . . . . . . . . 24 Flexible Spending Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Tax-Sheltered Annuity 403(b) Program . . . . . . . . . . . . . . . . . 26 Wisconsin Deferred Compensation . . . . . . . . . . . . . . . . . . . . 27
Every effort has been made to ensure the information in this benefit summary is true and accurate. If there is any discrep-ancy between this summary and the official plan documents, the language in the official documents shall be considered accurate.
To enroll and participate in the benefit plans outlined in this document, you must meet all eligibility requirements as de-fined by the Wisconsin Retirement System, Wisconsin State Statutes and University personnel rules.
Table of Contents
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Coverage Deadlines
Most benefit plans have a 30 day enrollment period from the start date of your appointment. Some plans have additional requirements.
If you do not enroll during your initial enrollment opportunity, you may have an opportunity to enroll during an open enrollment event (usually held in the fall), or if you experience a life event such as marriage, domestic partnership, birth or adoption, or loss of other coverage. You will typically have 30 days from a life event to make changes to your benefits. Contact your Payroll/Staff Benefits Coordinator as soon as a life event occurs.
For some plans you may also have an opportunity to enroll through evidence of insurability.
Effective Date of Coverage
Coverage effective dates vary by plan.
New Employee Resources
The resources listed below will assist you in reviewing your benefits options and making informed choices. Please take the time to utilize these resources that have been designed just for you.
• benefits.wisc.edu For detailed information about the benefit plans included in this summary, visit the UW-Madison Benefits Services website: benefits.wisc.edu
• Benefits 101: Benefits Seminar for New Employees If you are a new employee, or an existing employee who is newly covered by WRS, register for the Benefits 101: Ben-efits Seminar for New Employees within your first 30 days. For registration information go to http://www.talent.wisc.edu and select Benefits 101, under ‘Learn About Your Benefits.’
• Benefits Walkthrough The Benefits Walkthrough is an on-line tool designed to assist you in determining your benefit plan options and estimating your premiums. The Walkthrough will produce a worksheet summarizing your selections, but it will not enroll you in the benefits plans. The Walkthrough is available at: https://uwservice.wisconsin.edu/ebenefits/
For information regarding pay schedules, leave benefits, taxes, transportation and parking options, visit: http://www.ohr.wisc.edu/benefits/new-emp/reg.aspx or see your Payroll/Staff Benefits Coordinator.
Completing Benefit Applications
You will complete your benefit enrollments using eBenefits through the MyUW Portal Employee Self Service. Some ben-efit enrollments may require paper application or additional documentation. Work with your department HR Payroll & Benefits contact for assistance completing your timely enrollment elections.
In addition to your benefit applications there are many essential forms that you must complete as a new employee such as the Form W-4 – Employee’s Withholding Allowance Certificate and the Direct Deposit Authorization Form. If you have not yet completed these forms, visit: http://www.ohr.wisc.edu/benefits/new-emp/ or see your Payroll/Staff Benefits Coordinator.
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Wisconsin Retirement System
Plan Description
Wisconsin Retirement System (WRS) participation is automatic for all eligible employees, with coverage beginning on the first day an employee is eligible. Your retirement income will be based on your years of service, your age at retirement, and the average of your highest three years of earnings or based on the total cash value of your account, whichever is greater. WRS also provides death, permanent disability, and separation benefits. For detailed information about the WRS: http://www.ohr.wisc.edu/benefits/new-emp/wrs.aspx#publications. There is a five year vesting requirement if you were hired on or after July 1, 2011 and have no WRS credible service prior to July 1, 2011. You are immediately vested if you have WRS service prior to July 1, 2011. WRS consists of a Core Fund and a Variable Fund. By default, 100% of retirement contributions are deposited in the Core Fund, which is a diversified fund with investments in stocks, bonds and more. If you elect to participate in the Variable Fund, 50% of the required contributions and additional contributions made after your election will be deposited in the Variable Fund. The Variable Fund is invested in stocks only. Unlike the Core Fund, there is no limit on Variable Fund annu-ity decreases. Each year you will receive a Statement of Benefits from the WI Department of Employee Trust Funds (ETF), which con-tains important WRS account information that will eventually be used in benefit calculations.
Coverage Availability
WRS participation is automatic for all eligible employees.
Employee/Employer Contribution
The required 2017 contribution for most employees is 13.6% of gross earnings. Employees are required to contribute 6.8% (6.8% for those in the WRS Executive category) of their salary to their WRS account. The University will also contrib-ute 6.8% (6.6% for Executive category) of your salary to your WRS account. WRS contributions are subject to IRS limits - both you and the University pay WRS contributions on the first $265,000 in earnings.
Contributions are taken on a pre-tax basis for federal and state income tax purposes. Contribution rates are set on an annual basis by ETF.
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State Group Health Insurance
Plan Description
The State Group Health Insurance plan provides comprehensive medical and prescription coverage. All health plans have an option to include dental coverage for diagnostic and preventive services. See page 19 Uniform Dental for coverage information. The prescription drug benefit is administered by Navitus.
You can choose between a IYC Health Plan (formerly known as Coinsurance Uniform Benefit plan) or a High Deductible Uniform Benefit plan (HDHP). The HDHP offers lower monthly premiums in exchange for a higher deductible. The annual deductible ($1,500 single / $3,000 family) must be met before any medical, dental or prescription drug costs are paid for, with the exception of preventive services. Each health plan offers a HDHP option.
If you elect the HDHP option, you are required to open a Health Savings Account (HSA) that helps pay for qualified medical expenses. If you are covered by another health insurance plan including Medicare or Tricare or participate in a Flexible Spending Account (including coverage by a spouse’s FSA), you are not eligible for a HDHP.
For detailed information regarding the State Group Health Insurance program see the It’s Your Choice Guide available at http://etf.wi.gov/members/IYC2017/IYC_home.asp. To review a hard copy, contact your Payroll/Staff Benefits Coordina-tor.
Opt-Out Incentive
You may be eligible to receive up to $2,000 (pro-rated for the number of months coverage is waived) if you opt out of State Group Health Insurance coverage. To opt out, you must complete a paper health insurance application within 30 days of your eligibility date. Craft workers are not eligible for the incentive.
Coverage Availability
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Employee/Employer Contribution
State Group Health Insurance premiums are paid through a combination of employer and employee contributions. University Staff who elect coverage to begin immediately with their appointment start date must pay both the employer and employee contribution for the first two months of coverage.
2016 Premiums for WRS Covered Employees
State Group Health Insurance PlansMedical With Dental Medical Without Dental
Single Family Single Family
Health Plan $88.00 $219.00 $85.00 $211.00
HDHP $33.00 $82.00 $30.00 $74.00
Access Health Plan $266.00 $664.00 $263.00 $656.00
Access HDHP $211.00 $527.00 $208.00 $519.00
Access Health Plan (Tier 2*) $138.00 $347.00 $135.00 $339.00
Access HDHP (Tier 2*) $83.00 $210.00 $80.00 $202.00
*required to work out of state
NOTE: Employees working below 50% time (and LTEs with one appointment) must pay 50% of the entire premium for their health plan.
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2016 Comparison of Benefit Options
The charts on the following pages are designed to compare Health Plans, High Deductible Health Plans, and the Access Plan. The outlines are not intended to be a complete description of coverage. The Access Plan details are located in the Standard Plan (ET-2112) benefits booklet.
Federally required Summaries of Benefits and Coverage (SBCs) and the Uniform Glossary are available through http://etf.wi.gov/members/IYC2017/et-2107sbc.asp. If you need printed copies sent to you, please call the Department of Employee Trust Funds (ETF) at 1-877-533-5020 to let them know which plan’s Summary of Benefits and Coverage you want.
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective the first of the month on or following your appointment, as long as your application is received within 30 days.
Examples:
• If you are hired on January 1, and your application is received by January 31, coverage is effective on January 1.• If you are hired on any day of the month after the 1st, and your application is received within 30 days, coverage is effective on the first of the month following your date of hire.
University Staff must complete two full months of WRS service in order to receive employer contribution toward health insurance premiums. You must apply within 30 days of your appointment start date even if you elect to delay your effec-tive date of coverage.
Any employee not electing to enroll in State Group Health insurance coverage must submit an application to decline coverage.
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2017 State - Comparison of Benefits Options
Benefit Health PlanAccess Plan
In-Network Out-of-Network
Annual Medical Deductible
$250 individual /$500 family
Deductible applies to annual OOPL
After an individual within a family plan meets the $250 deductible, coinsurance will apply to covered medical services except for office visit copayments
Medical deductible does not apply to prescription drugs
$250 individual /$500 family
Deductible applies to annual OOPL
After an individual within a family plan meets the $250 deductible, coinsurance will apply to covered medical services except for office visit copayments
Medical deductible does not apply to prescription drugs
$500 individual /$1,000 family
Deductible applies to annual OOPL
After an individual within a family plan meets the $500 deductible, coinsurance will apply to covered medical services except for office visit copayments
Medical deductible does not apply to prescription drugs
Primary Care Physician Office Visit Copayment includes:
• Internist• General Physician• Family Practitioner• Pediatrician• Gynecologist /Obstetrician • Nurse Practitioner• Physician Assistant• Chiropractor• Physical /Occupational / Speech Therapy in an office visit setting
$15 per visit
Office visit copayments are not subject to the deductible, but do apply to the annual OOPL
$15 per visit
Office visit copayments are not subject to the deductible, but do apply to the annual OOPL
After deductible: 30% member cost up to the annual OOPL
Specialty Office Visit Copayment includes:
• Specialty Providers• Urgent Care• Vision Exam in anoffice visit setting
$25 per visit
Office visit copayments are not subject to the deductible, but do apply to the annual OOPL
$25 per visit
Office visit copayments are not subject to the deductible, but do apply to the annual OOPL
After deductible: 30% member cost up to the annual OOPL
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Annual Medical Coinsurance
After deductible: 10% member cost
Applies to medical services except for office visits
Coinsurance applies to the annual OOPL
After deductible: 10% member cost
Applies to medical services except for office visits
Coinsurance applies to the annual OOPL
After deductible: 30% member cost
Applies to medical services
Coinsurance applies to the annual OOPL
Annual Medical Out-of-Pocket Limit (OOPL)
$1,250 individual /$2,500 family
$1,000 individual / $2,000 family
$2,000 individual / $4,000 family
Routine, preventive services as required by federal law
Plan pays 100% Plan pays 100%Subject to the deductible, copayments and/or coinsurance
Illness/injury related services beyond the office visit copayment (if applicable)
After deductible: 10% member cost up to OOPL
After deductible: 10% member cost up to the annual OOPL
After deductible: 30% member cost up to the annual OOPL
Emergency Room Copayment (Waived if admitted as an inpatient directly from the emergency room or for observation for 24 hours or longer.)
$75 copayment per visit, then the deductible and coinsurance applies to services beyond the copayment up to the OOPL
$75 copayment per visit, then the deductible and coinsurance applies to services beyond the copayment up to the OOPL
$75 copayment per visit, then in-network deductible and coinsurance applies to services beyond the copayment up to the OOPL
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2017 State - Comparison of Benefits Options
Benefit HDHPAccess HDHP
In-Network Out-of-Network
Annual Medical Deductible
$1,500 individual / $3,000 family
The deductible must be met before coverage begins; for family coverage, the full family deductible must be met
The deductible includes prescription drugs and applies to the annual OOPL
$1,700 individual / $3,400 family
The deductible must be met before coverage begins; for family coverage, the full family deductible must be met
The deductible does apply to prescription drugs and also to the annual OOPL
$2,000 individual / $4,000 family
The deductible must be met before coverage begins; for family coverage, the full family deductible must be met
The deductible includes prescription drugs and applies to OOPL
Primary Care Physician Office Visit Copayment includes:
• Internist• General Physician• Family Practitioner• Pediatrician• Gynecologist /Obstetrician • Nurse Practitioner• Physician Assistant• Chiropractor• Physical /Occupational / Speech Therapy in an office visit setting
After deductible: $15 per visit
Office visit copayments apply to the annual OOPL
After deductible: $15 per visit
Office visit copayments do apply to the annual OOPL
After deductible: 30% member cost up to the annual OOPL
Specialty Office Visit Copayment includes:
• Specialty Providers• Urgent Care• Vision Exam in anoffice visit setting
After deductible: $25 per visit
Office visit copayments apply to the annual OOPL
After deductible: $25 per visit
Office visit copayments do apply to the annual OOPL
After deductible: 30% member cost up to the annual OOPL
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Annual Medical Coinsurance
After deductible: 10% member cost
Applies to medical services except for office visits
Coinsurance applies to the annual OOPL
After deductible: 10% member cost
Applies to medical services except for office visits
Coinsurance applies to the annual OOPL
After deductible: 30% member cost
Applies to medical services except for office visits
Coinsurance applies to the annual OOPL
Annual Medical Out-of-Pocket Limit (OOPL)
$2,500 individual / $5,000 family
$3,500 individual / $7,000 family
$3,800 individual / $7,600 family
Routine, preventive services as required by federal law
Plan pays 100% Plan pays 100%Subject to the deductible and coinsurance
Illness/injury related services beyond the office visit copayment (if applicable)
After deductible: 10% member cost up to OOPL
After deductible: 10% member cost up to the annual OOPL
After deductible: 30% member cost up to the annual OOPL
Emergency Room Copayment (Waived if admitted as an inpatient directly from the emergency room or for observation for 24 hours or longer.)
After deductible: $75 copayment per visit, then coinsurance applies to services beyond the copayment up to the OOPL
After deductible: $75 copayment per visit, then the deductible and coinsurance applies to services beyond the copayment up to the OOPL
After deductible: $75 copayment per visit, then in-network deductible and coinsurance applies to services beyond the copayment up to the OOPL
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2017 State - Comparison of Benefits Options for Prescription Drugs
Drug Level Health PlanAccess Plan
In-Network Out-of-Network
Deductible
None None
Copayment / Coinsurance
Level 1 $5 $5
Level 2 20% ($50 max) 20% ($50 max)
Level 3 40% ($150 max) 40% ($150 max)
Level 4Preferred $50 or 40% ($200 max) $50 or 40% ($200 max)
Level 4Non-Preferred 40% ($200 max) 40% ($200 max)
Out-of-Pocket Limits
Levels 1 & 2 $600 / $1,200 $1,000 / $2,000
Level 3 $6,850 / $13,700 $6,850 / $13,700 None
Level 4 $1,200 / $2,400 $1,200 / $2,400
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2017 State - Comparison of Benefits Options for Prescription Drugs
Drug Level HDHPAccess HDHP
In-Network Out-of-Network
Deductible
$1,500 / $3,000(combined medical & Rx)
$1,700 / $3,400(combined medical
& Rx)
$2,000 / $4,000(combined medical
& Rx)
Copayment / Coinsurance
Level 1 $5 after deductible $5
Level 2 20% ($50 max) after deductible 20% ($50 max)
Level 3 40% ($150 max) after deductible 40% ($150 max)
Level 4Preferred $50 or 40% ($200 max) after deductible $50 or 40%
($200 max) 40% ($200 max)
Level 4Non-Preferred 40% ($200 max) after deductible 40% ($200 max)
Out-of-Pocket Limits
Levels 1 & 2
$2,500 / $5,000(combined medical & Rx)
$3,500 / $7,000(combined medical
& Rx)
$3,800 / $7,600(combined medical
& Rx)Level 3
Level 4
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Dental and Vision Plans
UW-Madison offers dental and vision plans that provide coverage beyond the coverage available through your State Group Health plan. You are eligible for the dental and vision plans if you are eligible for State Group Health Insurance. Once enrolled, you must remain enrolled for the entire calendar year.
Comparison charts follow the description of these plans.
EPIC Benefits+
Plan Description
Epic Benefits+ offers supplemental dental and vision coverage, a hospital/surgery benefit and an accidental death and dismemberment benefit. There is no coverage for routine dental services. For detailed information about EPIC Benefits+: http://www.ohr.wisc.edu/benefits/new-emp/epic.aspx.
Covered benefits include:
• Annual benefit maximum of $1,500/person
• Fillings, crowns, implants, bridges, etc.
• Orthodontia, if under 19, with a lifetime max of $1,200/person (12 month waiting period)
• Hospital confinement and outpatient surgery benefit
• Accidental Death and Dismemberment coverage up to $15,000
• Davis Vision Discount Program
• Optional Vision Insurance for an additional premium including coverage for:
o $130 frame allowance every other year after copay, lenses every year after $25 co-pay
OR
o $130 contact lens allowance per year
• Additional coverage and discounts on materials not covered under the policy.
Available Coverage
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Employee/Employer Contribution
There is no employer contribution. Premiums
2017 Monthly Premium Employee Employee +
Spouse/DPEmployee +
Child Family
EPIC Benefits+ With Vision Discount $21.56 $43.12 $43.12 $64.68
EPIC Benefits+ With Vision Insurance $25.60 $56.24 $50.24 $75.16
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
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Coverage is effective the first of the month on or following your appointment, as long as your application is received within 30 days.
Examples:
• If you are hired on January 1, and your application is received by January 31, coverage is effective on January 1. • If you are hired on any day of the month after the 1st, and your application is received within 30 days, coverage is effective the first of the month following your date of hire.
Dental Wisconsin
Plan Description
Dental Wisconsin is a dental insurance plan that offers comprehensive dental coverage. There are two benefit plans you can choose from: the PPO or the Select Plan. For detailed information about Dental Wisconsin: http://www.ohr.wisc.edu/benefits/new-emp/dental.aspx
Covered benefits include:
• Annual benefit maximum of $1,000/person
• Annual cleanings and x-rays (PPO plan only)
• Fillings, crowns, implants, bridges, etc. (3 month waiting period)*
• Orthodontia, if under 19, with a lifetime max of $1,000/person (12 month waiting period)*
• Davis Vision Discount Program
*Unless you have prior creditable dental coverage
Available Coverage
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Employee/Employer Contribution
There is no employer contribution. Premiums
2016 Monthly Premium Employee Employee +
Spouse/DPEmployee + Child(ren) Family
Dental WI Select $20.52 $42.19 $48.68 $71.59Dental WI PPO $24.60 $52.08 $58.22 $88.02
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective the first of the month on or following your appointment, as long as your application is received within 30 days.
Examples:
• If you are hired on January 1, and your application is received by January 31, coverage is effective on January 1. • If you are hired on any day of the month after the 1st, and your application is received within 30 days, coverage is effective the first of the month following your date of hire.
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VSP Vision
Plan Description
VSP Vision insurance provides coverage to help offset the costs of an annual eye exam, prescription glasses, and contact lenses. For detailed information about VSP Vision: https://www.wisconsin.edu/ohrwd/benefits/download/med/vision/broch.pdf.
In-Network coverage includes:
• One well-vision exam per year after $15 co-payment
• Coverage for glasses or contact lenses each year
o $130 frame allowance every other year after $25 co-pay, lenses every year after $25 co-pay
o $130 contact lens allowance per year
• Discounts on additional glasses, laser vision correction and some services/materials not covered under the polcy.
• KidsCare Program - allows two exams per year, impact resistant lenses, lenses replaced as needed, frames replaced annually with $25 co-pay
Available Coverage
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Employee/Employer Contribution
There is no employer contribution. Premiums
2017 Monthly Premium Employee
Employee +
Spouse/DP
Employee + Child(ren)* Family
VSP $6.54 $13.08 $14.73 $23.54 Comparison of Vision Plans
Vision Plan Comparison Chart: https://www.wisconsin.edu/ohrwd/benefits/download/med/visioncomp.pdf
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective the first of the month on or following your appointment, as long as your application is received within 30 days.
Examples:
• If you are hired on January 1, and your application is received by January 31, coverage is effective on January 1. • If you are hired on any day of the month after the 1st, and your application is received within 30 days, coverage is effective the first of the month following your date of hire.
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192017 Benefits SummaryUW-Madison Benefits Services | benefits.wisc.edu
Uniform Dental(under State Group Health)
Dental WI Select
2017 Enrollment Opportunity Yes Yes
NetworkDelta Dental PPO andDelta Dental Premier
provider networks
Delta Dental PPOProviders
Any Dentist.Benefits are paid at a higher
level if a Delta Dental Premier Provider is used.
Any Dentist, but affiliated with Delta Dental nationwide.
Member responsible for charges over the allowable amount unless a Delta Dental Premier Provider is
used.
Provider Network In-Network ONLY In-Network Out-of-Network Open Network
Deductible $0 $25 $50 $50
Office Visit Copayment None None
Calendar Benefit Max $1,000 $1,000
2017 Max
2018 Max2019 Max
Diagnostic & Preventative 100% 100% 75% Not Covered
Routine Evals 2 per yearCleanings 2 per year
Bitewing X-rays 1-4 films (image)Panoramic X-rays Once every 60 months
Fluoride 2 per year to age 16
Basic See specific services 75% 55% 75%
Fillings 100%Extractions
(non-surgical) Not covered
Local Anesthesia 80%Emergency Palliative 80%
X-rays (limited) 100%
Oral Surgery Not covered, but may be covered under medical plan 75% 55% 50%
Major/RestorativeNote: Fillings are listed under
"Restorative" in Uniform Dental certificate
50% 25% 50%
ImplantsCrownsBridges
DenturesEndodontic
Periodontic 80%: Limited to Periodontal Maintenance
Dental Waiting Period None Preventive - No CoverageBasic & Major - 3 months
Claim Filing Timeline 12 months 120 daysOrthodontia 50% (under 19 only) 50% if begun before age 19
Ortho Lifetime Max $1,500 $1,000
Ortho Waiting Period None 12 months
2017 Premium RatesIf electing Uniform Dental insurance, select a health
plan WITH dental.Without Vision With Vision
Employee $21.56 $25.60 $20.52
Employee + Spouse or Domestic Partner $42.18
Employee + Child(ren) $48.68
Family $64.68 $75.16 $71.58
Customer Service 844-337-8383
Website http://www.deltadentalwi.com/state-of-wi
Note: Under Uniform Dental, "Restorative" services include fillings. Under EPIC Benefits+ and Dental Wisconsin, fillings are covered under "Basic" services.
This document may be viewed online at: https://www.wisconsin.edu/ohrwd/benefits/download/med/dentalcomp2017.pdf Last updated: 10/3/2016
$1,000
50% 75% 55%
50%
50% on covered procedures as related to Major Services
http://www.epiclife.com/wi-state-employees/ http://www.epiclife.com/wi-state-employees/
Claims: 800-343-7615 Claims: 800-343-7615 Billing: 800-236-7610
Not covered
50%
To view the 2017 State Group Health Insurance premiums with
and without dental, go to: www.wisconsin.edu/ohrwd/bene
fits/premiums
You can find a more detailed description of coverage in the applicable insurance certificate of coverage. Certificates are viewable online www.wisconsin.edu/ohrwd/benefits/. A policy consists of the group master policy, the application, all policy riders and endorsements.
$50.24$43.12
50% 25% 50%
$1,200 $1,000
24 months 12 months
None
$24.60
$52.08
$58.22
$88.02
Active Employees & COBRA
75%
50% (under 19 only) 50% if begun before age 19
50% on covered procedures as related to Major Services
Preventive - NoneBasic & Major - 3 months
120 days 120 days
$1,000
None None
Not Covered
Not Covered
1 every 6 months
Not Covered1 every 6 months1 every 12 months
Once every 60 monthsOnce per year up to age 16
$750
$1,000$1,500
Open Network
$75
$1,500 $1,000
$1,000
2017 Dental Plan Comparisons - Active UW Employees
Yes- Special Enrollment Yes
Any Dentist, but affiliated with Delta Dental nationwide.
Member responsible for charges over the allowable amount unless a Delta Dental Premier Provider is used.
EPIC Benefits + Dental WI PPO
This outline is only an overview of dental benefits, limitations, and exclusions, and does not guarantee payment for services.
20 2017 Benefits Summary UW-Madison Benefits Services | benefits.wisc.edu
Affin
ity V
isio
n D
isco
unt P
rogr
am -
Incl
uded
with
EPI
C B
enef
its+
and
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tal W
I In
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k B
enef
itsO
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k B
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embe
r Pric
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k B
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k B
enef
its
Rou
tine
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Exam
inat
ion
Not
cov
ered
Not
cov
ered
85%
of p
rovi
der’s
Usu
al &
Cus
tom
ary
Onc
e ev
ery
cale
ndar
yea
r - $
15 c
opay
$45
max
imum
reim
burs
emen
t allo
wan
ce
Lens
es (S
pect
acle
or C
onta
ct)
Eve
ry 1
2 m
onth
s - $
25 c
opay
See
Spe
ctac
le L
ense
sS
ee b
elow
$25
copa
y ap
plie
s on
ce to
war
ds le
nses
and
fra
mes
Max
imum
reim
burs
emen
t allo
wan
ce:
Sin
gle
Vis
ion
- $33
Bifo
cal -
$50
Trifo
cal -
$66
Lent
icul
ar -
$80
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esFr
ames
Dav
is V
isio
n C
olle
ctio
n Fr
ames
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ion
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esig
ner
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rem
ier
$25
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-Col
lect
ion
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e A
llow
ance
$130
allo
wan
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Mem
ber
rece
ives
20%
4 dis
coun
t on
char
ges
over
$13
0.
Sin
gle
Vis
ion
/ Bifo
cal /
Trif
ocal
/ Le
ntic
ular
P
last
ic le
nses
incl
uded
.E
PIC
pay
s $2
5 - $
60$3
5 / $
55 /
$65
/ $11
0C
over
ed in
full
afte
r cop
ay
Max
imum
reim
burs
emen
t allo
wan
ce:
Sin
gle
Vis
ion
- $33
Bifo
cal -
$50
Trifo
cal -
$66
Lent
icul
ar -
$80
Gla
ss L
ense
s $0
$18
Tint
ing
of P
last
ic L
ense
s: S
olid
Tin
t / G
radi
ent T
int
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12S
crat
ch R
esis
tent
Coa
ting
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0S
crat
ch P
rote
ctio
n P
lan:
Sin
gle
Vis
ion
/ Mul
tifoc
al$2
0 / $
40N
ot a
vaila
ble
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avio
let C
oatin
g $1
2 $1
5 S
tand
ard
Ant
i-Ref
lect
ive
Coa
ting
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$45
Pol
ycar
bona
te L
ense
s (C
hild
/Adu
lt)$0
/$30
$30
Hig
h-In
dex
Lens
es2
$55
$55
Pro
gres
sive
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ses3 : S
tand
ard
/ Pre
miu
m
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$90
$75
/ $12
5B
lend
ed In
visi
ble
Bifo
cals
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0 $2
0 P
hoto
sens
itive
Len
ses:
Gla
ss /
Pla
stic
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$65
$35
/ $65
Pol
ariz
ed L
ense
s $7
5 $7
5 In
term
edia
te V
isio
n Le
nses
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0 $3
0
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ered
up
to 8
box
esLe
sser
of 8
box
es o
r $13
0N
/AN
/A
80%
of p
rovi
der's
Usu
al &
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tom
ary
Fees
90%
of p
rovi
der's
Usu
al &
Cus
tom
ary
fees
Incl
uded
at n
o co
st
$60
allo
wan
ce.
Mem
ber r
ecei
ves
15%
dis
coun
t on
char
ges
over
$6
0.
Lase
r Vis
ion
Dis
coun
t Net
wor
k
Ave
rage
15%
dis
coun
t with
con
tract
ed
faci
litie
s, in
clud
ing
TLC
. 5%
dis
coun
t on
prom
otio
nal p
rice
offe
red
thro
ugh
cont
ract
ed
faci
litie
s.
No
addi
tiona
l dis
coun
ts o
r rei
mbu
rsem
ents
av
aila
ble
at a
non
-con
tract
ed fa
cilit
y.
Rep
lace
men
t Con
tact
Len
s P
rogr
am (L
ens
123!
®)
N/A
N/A
This
doc
umen
t may
be
view
ed o
nlin
e at
: http
s://w
ww
.wis
cons
in.e
du/o
hrw
d/be
nefit
s/do
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Last
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ated
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$75
allo
wan
ce
Eva
luat
ion
- 85%
of p
rovi
der's
Usu
al &
C
usto
mar
y fe
eFi
tting
and
follo
w-u
p fe
es a
re m
embe
r's
resp
onsi
bilit
y.
Con
vent
iona
l
Dis
posa
ble/
Pla
nned
Rep
lace
men
t
Valu
e Ad
ded
Feat
ures
$75
allo
wan
ce
4 Mem
bers
rece
ive
full
allo
wan
ce to
war
ds e
very
day
low
pric
es a
t Wal
mar
t and
Sam
's C
lub.
Add
ition
al d
isco
unts
do
not a
pply
.
3 Doe
s no
t app
ly to
all
form
s of
pro
gres
sive
lens
es.
2 Doe
s no
t app
ly to
all
form
s of
hig
h-in
dex
lens
es.
1 Spe
cial
lens
des
igns
, mat
eria
ls, p
ower
s, a
nd fr
ames
may
requ
ire a
dditi
onal
cos
t.
Mai
l ord
er p
rogr
am -
free
mem
bers
hip.
Up
to 2
5% o
ff pr
ovid
er’s
Usu
al &
Cus
tom
ary
or 5
% o
ff ad
verti
sed
spec
ials
, whi
chev
er is
low
er.
Spec
tacl
e Le
nses
Visi
on B
enef
itEP
IC B
enef
its+
Visi
on P
lan
Opt
ion
- Add
ition
al P
rem
ium
Cos
tVS
P Vi
sion
Insu
ranc
e
$70
max
imum
reim
burs
emen
t allo
wan
ce.
$25
copa
y ap
plie
s on
ce to
war
ds le
nses
and
fra
mes
.$1
30 a
llow
ance
tow
ards
any
fram
e, w
ith a
20
% d
isco
unt o
ff an
y am
ount
ove
r the
al
low
ance
.A
dditi
onal
$20
allo
wan
ce o
n "F
eatu
red
Fram
es"
$30
allo
wan
ceM
embe
r pay
s $4
0 pl
us 9
0% o
f bal
ance
fo
r fra
mes
ove
r $70
reta
il pr
ice.
Com
paris
on C
hart
of 2
017
Visi
on C
over
age
Opt
ions
Eve
ry 1
2 m
onth
s ba
sed
upon
dat
e of
ser
vice
No
limita
tion
Eve
ry c
alen
dar y
ear
Ben
efit
Freq
uenc
y
Fram
esE
very
24
mon
ths
base
d up
on d
ate
of s
ervi
ceE
very
oth
er c
alen
dar y
ear
VS
P K
idsC
are
Pro
gram
The
VS
P K
idsC
are
prog
ram
pro
vide
s ex
tra b
enef
its fo
r dep
ende
nt c
hild
ren
(und
er a
ge 2
6).
The
Kid
sCar
e pr
ogra
m is
incl
uded
in th
e pl
an a
t no
addi
tiona
l cos
t and
pro
vide
s:•
Two
visi
on e
xam
s pe
r yea
r•
Impa
ct re
sist
ant l
ense
s•
Lens
repl
acem
ent a
nnua
lly o
r mor
e of
ten
if ne
eded
(per
.5 d
iopt
er p
resc
riptio
n ch
ange
)•
Fram
es re
plac
ed a
nnua
lly w
ith $
25 c
opay
DIS
CLA
IME
R: I
f the
re a
re d
iffer
ence
s in
this
doc
umen
t and
the
Gro
up P
olic
y, th
e G
roup
Pol
icy
is th
e go
vern
ing
docu
men
t. T
he c
ompa
rison
cha
rt is
onl
y a
gene
ral
outli
ne o
f ben
efits
. You
can
find
a m
ore
deta
iled
desc
riptio
n of
cov
erag
e in
the
appl
icab
le c
ertif
icat
e of
insu
ranc
e.
Not
Ava
ilabl
e
Scr
atch
-res
ista
nt c
oatin
g is
incl
uded
at n
o co
st.
All
othe
r opt
iona
l len
s tre
atm
ents
are
av
aila
ble
at c
ost-c
ontro
lled
pric
ing
aver
agin
g be
twee
n 20
-25%
dis
coun
t.
No
addi
tiona
l dis
coun
ts o
r rei
mbu
rsem
ents
av
aila
ble
for o
ptio
nal l
ens
treat
emen
ts a
t an
out-o
f-net
wor
k pr
ovid
er.
$105
max
imum
reim
burs
emen
t allo
wan
ce
appl
ies
tow
ards
con
tact
lens
exa
m a
s w
ell a
s co
ntac
t len
s m
ater
ials
.
Sta
ndar
d C
onta
ct L
ense
s
Lens
Upg
rade
s - M
embe
r Pay
s D
isco
unte
d C
ost
Con
tact
Len
ses
in L
ieu
of E
yegl
asse
s
Eval
uatio
n, F
ittin
g &
Fol
low
Up
Con
tact
lens
exa
m (f
ittin
g &
follo
w-u
p) is
di
scou
nted
15%
thro
ugh
a V
SP
pro
vide
r; m
axim
um c
opay
of $
60.
Con
tact
lens
al
low
ance
of $
130
can
be a
pplie
d to
war
ds
cont
act l
ens
mat
eria
ls.
$105
max
imum
reim
burs
emen
t allo
wan
ce
appl
ies
tow
ards
con
tact
lens
exa
m a
s w
ell a
s co
ntac
t len
s m
ater
ials
.
Con
tact
lens
allo
wan
ce o
f $13
0 ca
n be
ap
plie
d to
war
ds th
e co
ntac
t len
s ex
am a
s w
ell a
s co
ntac
t len
s m
ater
ials
.
Spe
cial
ty C
onta
ct L
ense
s
Con
tact
Len
ses
$130
allo
wan
ce.
Mem
ber
rece
ives
15%
dis
coun
t on
char
ges
over
$13
0.
Col
lect
ion
Ser
ies
Con
tact
s
Income Continuation Insurance
Plan Description
Income Continuation Insurance (ICI) is disability/income replacement insurance that will provide you with up to 75% of your monthly salary (based on a maximum salary of $120,000/year) if you become ill or disabled and are unable to work. Benefits begin after a selected waiting period (minimum of 30 consecutive calendar days) or use of accumulated sick leave (up to 130 days), whichever is longer. There are two coverage levels: Standard ICI covers earnings up to $64,000; Supplemental ICI covers earnings from $64,001 to $120,000. For detailed information about Income Continuation Insurance: http://www.ohr.wisc.edu/benefits/new-emp/ici.aspx
Coverage Availability
Coverage is available for the employee only.
Employee/Employer Contribution
Income Continuation Insurance premiums are paid through a combination of employer and employee contributions. When coverage is elected determines the coverage option and the amount of employer and employee contributions.
Enrollment and Effective Date of Coverage
Faculty/Academic Staff/Limited Staff
You can elect coverage to be effective as soon as possible, but here is no employer contribution toward premiums until after completion of 12 full months of WRS service. You must apply within 30 days of your appointment start date. Coverage is effective on your hire date if you were hired on the 1st of a month. If you were hired any day after the 1st, coverage is effective on the first of the month following your hire date.
If you elect coverage to become effective when the employer contributes to the premium, you must apply within 60 days after completing one year of WRS service. Coverage is effective on the first day of the month after the completion of one year of WRS service.
University Staff
You must apply within 30 days of your appointment start date. Coverage is effective on the 1st of the month on or fol-lowing the date of hire.
All employees must be under age 70 to be eligible. Any employee not electing to enroll in ICI must submit an application to decline coverage.
212017 Benefits SummaryUW-Madison Benefits Services | benefits.wisc.edu
Life Insurance Plans
The University offers life insurance coverage through several different plans.
Plan descriptions for the life insurance plans available to you are listed on the following pages. Comparison charts highlighting the features and costs of the plans are available to help you compare benefits and make informed choices. http://www.ohr.wisc.edu/benefits/docs/sgl-life-insurance-features-comparison-chart-uw1261.pdf https://uwservice.wisc.edu/docs/publications/life-insurance-cost-comparison-uw1483.pdf
Life Insurance Premiums
Premiums for all life insurance plans are available here: https://www.wisconsin.edu/ohrwd/benefits/premiums/#life.
State Group Life Insurance
Plan Description
State Group Life Insurance (SGL) provides group term life insurance. SGL offers coverage levels of up to five times your annual salary. There is also an option to cover your spouse or domestic partner up to $20,000 and your children up to $10,000. SGL will also continue into retirement at the group policy rates. More information: http://www.ohr.wisc.edu/benefits/new-emp/sgl.aspx.
Coverage Availability
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Employee/Employer Contribution
SGL Insurance premiums are paid through a combination of employer and employee contributions
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective on the first of the month following 30 days from the appointment start date.
If you elect to not enroll in State Group Life insurance, you must submit an application to decline coverage.
Individual and Family Group Life Insurance
Plan Description
The plan provides group term life insurance. Initially, you may select up to $20,000 of coverage for yourself, up to $10,000 for a spouse/domestic partner, and up to $5,000 per child. Maximum employee coverage for 2015 is $300,000, $150,000 for a spouse/domestic partner, and $25,000 per child. Annually, participants have an opportunity to increase coverage without evidence of insurability. More information: http://www.ohr.wisc.edu/benefits/new-emp/indfam.aspx.
Coverage Availability
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective on the first of the month following 30 days from the appointment start date.22 2017 Benefits Summary UW-Madison Benefits Services | benefits.wisc.edu
UW Employees, Inc. Life Insurance
Plan Description
UW Employees, Inc. Life Insurance plan offers decreasing term life insurance for employees only. Coverage is based on age and ranges from $33,000-$7,000. You are eligible for this life insurance plan if you are eligible for State Group Health Insurance. More information: http://www.ohr.wisc.edu/benefits/new-emp/uwemp.aspx.
Coverage Availability
Coverage is available for the employee only.
Employee/Employer Contribution
There is no employer contribution for UW Employees, Inc. Life Insurance. All plans premiums are paid through employee contribution.
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective on the first of the month following 30 days from the appointment start date.
University Insurance Association Life Insurance
Plan Description
Participation in this decreasing term life insurance plan is mandatory for all eligible faculty, academic staff, and limited employees. University staff are not eligible. Eligibility will be evaluated annually based on active employment informa-tion as of October 1st to ensure that the employee meets the minimum salary requirements. Benefit level is based on employee age at the beginning of the policy year (October 1).
The University Insurance Association (UIA) Life Insurance plan offers decreasing term life insurance to eligible Faculty, Academic Staff, and Limited appointees. If you meet the monthly salary requirement, you will be automatically enrolled in this plan. No application is required. Coverage ranges from $101,000 - $3,400 depending on employee age. UIA is eligible for continuation at retirement at the group policy rate. More information: http://www.ohr.wisc.edu/benefits/new-emp/uia.aspx.
Coverage Availability
Coverage is available for the employee only.
Employee/Employer Contribution
There is no employer contribution for University Insurance Association Life Insurance. All plans premiums are paid through employee contribution.
Premium
The annual premium of $24.00 is deducted from October earnings.
232017 Benefits SummaryUW-Madison Benefits Services | benefits.wisc.edu
Accidental Death and Dismemberment Insurance
Plan Description
The Accidental Death and Dismemberment Insurance plan (AD&D) protects you against losses resulting from a cov-ered accident. You may select a coverage amount up to $500,000. If you enroll in family coverage, your dependents are covered for a percentage of the benefit amount you select, subject to certain maximums. The plan also includes Zurich Travel Assist®, a comprehensive travel assistance program that provides benefits and services when you are traveling 100 miles or more from your residence. More information: http://www.ohr.wisc.edu/benefits/new-emp/add.aspx.
Coverage Availability
Coverage is available for the employee, employee spouse or domestic partner and dependents.
Employee/Employer Contribution
There is no employer contribution for AD&D. All plans premiums are paid through employee contribution.
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective on the first of the month following 30 days from the appointment start date.
24 2017 Benefits Summary UW-Madison Benefits Services | benefits.wisc.edu
Flexible Spending Accounts
Plan Description
The Flexible Spending Accounts program allows you to set aside money on a pre-tax basis to pay for eligible medical and dependent care expenses annually. You decide how much to set aside, and that amount is deducted from each paycheck before federal, state and FICA taxes are calculated so you save money on taxes.
You may only change your annual election amount during the year if you have a life event change in status (e.g. marriage, divorce, birth, leave of absence).
A Health Care FSA is used to pay for eligible medical expenses that aren’t covered by your insurance. Eligible expenses include but are not limited to co-insurance, co-payments, dental costs and vision expenses (e.g. glasses, contacts, contact solution). Most over-the-counter medications are not covered unless you have a prescription from your doctor. If you participate in a High Deductible Health Plan you are only eligible for a Limited Purpose FSA for vision and dental expens-es.
These expenses can be incurred by you, your spouse (same or opposite-sex spouse) and your qualifying child or relative.
You may contribute a minimum of $100 or up to $2,550 to your Health Care FSA. The 2017 plan year is from January 1, 2017 – December 31, 2017. If you have unused monies left in your Healthcare or Limited Purpose FSA on December 31, 2017, up to $500 will carry over to the 2018 plan year. Anything over $500 will be lost.
A Dependent Day Care FSA is used to pay for eligible dependent care expenses such as after school care, baby-sitting fees, adult or child daycare and preschool.
Eligible dependents include your qualifying child, spouse (same or opposite-sex spouse) and/or relative.
You may contribute a minimum of $100 or up to $5,000 into your Dependent Day Care FSA. Plan carefully; any money remaining in your FSA account at the end of the plan year will be lost. For 2016 expenses, you have until March 30, 2017 to submit dependent day care expenses against 2016 balances.
Enrollment and Effective Date of Coverage
You must apply within 30 days of your appointment start date.
Coverage is effective on the 1st of the month on or following the appointment start date.
252017 Benefits SummaryUW-Madison Benefits Services | benefits.wisc.edu
Tax-Sheltered Annuity 403(b)
Plan Description
The UW Tax-Sheltered Annuity (TSA) 403(b) Program is a supplemental retirement savings program regulated by Section 403(b) of the Internal Revenue Code. Through the TSA Program you can invest a portion of your income for retirement on either a pre-tax basis, an after-tax basis (Roth) or a combination of both. Participation in the UW TSA Plan is voluntary.
UW TSA 403(b) Program investment options include a wide array of mutual funds and fixed and variable annuities man-aged by several investment companies:
• TIAA-CREFF
• Fidelity
• T. Rowe Price
• Ameriprise/RiverSource Life Insurance
• Lincoln National Life Insurance
If you have 15 years or more of service with the UW and your TSA contributions average less than $5,000 per year over the course of your UW employment, you may be eligible for catch-up contributions.
Coverage Availability
Participation is available for the employee only.
Employee/Employer Contribution
You make the entire contribution; there is no employer match. University staff may contribute as little as $8 per pay-check. Faculty, Academic Staff, and Limited employees may contribute as little as $20 per paycheck.
There is no enrollment deadline.
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Wisconsin Deferred Compensation
Plan Description
The Wisconsin Deferred Compensation 457 (WDC) Program is a supplemental retirement savings plan, regulated by Sec-tion 457 of the Internal Revenue Code. Through the WDC Program you can invest a portion of your income for retirement on either a pre-tax basis, an after-tax basis (Roth) or a combination of both. Participation in the plan is voluntary.
WDC offers a wide range of investment options to meet your needs. The investment options are divided into 4 tiers:
• Lifecycle Funds
• Passive Index Funds
• Actively Managed Funds
• Self-Directed Brokerage Account
If you are within 3 years of your normal retirement age and you have under-contributed in the past, you may be eligible for catch-up contributions.
Coverage Availability
Participation is available for the employee only.
Employee/Employer Contribution
The employee makes the entire contribution; there is no employer match. There is no minimum monthly contribution.
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Office of Human Resources 21 North Park Street, Suite 5101 Madison, Wisconsin 53715-1218
Benefits Information and Tools to Help You Make Wise Decisions
The UW-Madison Benefits Services website is designed to help you find important benefits information before you enroll and throughout the
year. The site makes it easy for you to learn, select plans and enroll.
http://benefits.wisc.edu
Find us on YouTube : UW-Madison Benefits Services Rev Dec 2016
28 2017 Benefits Summary UW-Madison Benefits Services | benefits.wisc.edu