Medical costs continue to increase nationally, so there will be a slight increase in premiums for the company’s health insurance for the plan year that begins Aug. 1, 2012. Participants will continue to pay approximately 35% of the plan costs, while the company will pay approximately 65%.
The regular premium for medical and prescription coverage will be $110.36 per person per pay period (up from $106.04). This premium reflects a 20% smoking surcharge. The premium will be $91.97 per person per pay for those who qualify for the tobacco-free discount (up from $88.37).
∙ The premium for the optional Dental plan will increase from $10 to $11.18 per person per pay period.
∙ The premium for the optional voluntary life insurance is age banded. Spousal Life Insurance varies by age; not dependent life insurance. For dependent children, there are only 3 selections. Costs remain unchanged.
∙ The premium for the optional long term disability remains unchanged at $0.320 per $100 of covered payroll per month.
To help control your out-of-pocket costs, we encourage employees and dependents to take advantage of the Plan’s preventive benefits. Your annual physical, for example, is 100% covered --- with no co-pay or deductible cost to you. Schedule your annual physical and follow the plan’s guidelines for staying healthy. (See the plan documents for details).
You will be introduced to Independent’s WOW initiative in the coming months. WOW, which is Working on Wellness will encourage INI’s employee to become healthier individuals.
In an ongoing effort to reduce future premiums, Independent will be looking at Health Savings Accounts (HSAs). Materials and website links will be shared throughout the coming year to educate employees so they become better informed.
Open Enrollment for employees who wish to sign up for benefits or change their benefits will run from
July 11 – 18, 2012.
[Click
HERE to log onto Ceridian Self Service for open enrollment. IF you have NO changes in your existing participation, you need not log on to Self Service. Your enrollment record will roll over automatically. The ENROLLMENT flag that appears at the top will continue to display until open enrollment ends. ]
Employees who do not have access to a computer should contact inipayroll@newszap.com or call 302-741-8259.