What's New for 2011?

 

Increase in the Eligibility Age for Dependent Children

Because of recent health care reform, your dependent children up to age 26, regardless of marital status, student status, or financial dependency can now be covered under your medical, dental and vision plans.


Premium Increases, Plan Design Changes, and District Contribution Changes

The premiums and District contributions for the medical plans and the PPO dental plan are changing; however, the premiums for the dental HMO and the disability plans remain the same as the current premiums. Please see the 2011-2012 TRS Active Care Enrollment Guide for changes to medical copays, deductibles, and day/visit limits.


Enhancements to Disability Insurance

You may select a monthly amount up to the lesser of 66 2/3% of your salary or $5,000 per month without answering any medical questions. Amounts greater than $5,000 require evidence of insurability.


Option to Enroll for Critical Illness Insurance

Critical Illness insurance is a new offering for the 2011-2012 plan year. This plan pays a lump sum benefit directly to you and your covered dependents upon diagnosis of cancer, heart attack, stroke, paralysis or other covered illness. You may elect a lump sum benefit up to $50,000; however, amounts over $15,000 require you to complete a medical questionnaire and receive approval from UnitedHealthcare. Please see the benefits overview brochure for more details on this plan.

 

Enhancements to Supplemental Life Coverage

The monthly rate for employees for supplemental life insurance is decreasing 10% from $.24 to $.216/$1,000.(The AD&D portion remains an additional $.02/$1,000.) Don't miss this one-time opportunity to add or increase supplemental life insurance coverage without answering any medical questions. Any coverage amounts above the following require the completion of a medical questionnaire and approval by the insurance carrier:

  • Employee: up to the lesser of 3 x your salary or $100,000
  • Spouse: up to the lesser of 50% of the employee amount or $30,000


403(b) Information


403(b) Plan Update
Please read the annual plan notice from our plan administrator, which informs you of the changes in the administration of the optional 403(b) plans. All plans will now be administered by a third party company called JEM Resourse Partners. Take time to familiarize yourself with how these changes will affect you.


403b Retirement Plans
The POWER of Starting Early!
The key to enjoying your retirement is to begin contributing to your retirement savings plan now and continue to contribute on a regular basis. If you are interested in increasing your retirement potential read this informative brochure.

403b Plan Distribution and Rollover

In order to process a plan distribution or rollover request, the following change form must be completed and forwarded to Jem Resource Partners.