GaBreeze Webinar COBRA & Retirement SUMMER 2010

February APRIL 2010 Session Purpose Topics to Discuss COBRA Retirement

February APRIL 2010 COBRA

February APRIL 2010 COBRA Employees who Terminate COBRA is triggered for an employee when a termination event is entered for an employee (PeopleSoft or Employer Web Site) GaBreeze will send communications to the terminated employee and each dependent – Confirmation of Terminated Coverage Notice – COBRA Information and Enrollment Notice – Conversion/Portability Notice (if applicable)

February APRIL 2010 COBRA Enrollment Process Participants will enroll in COBRA through GaBreeze – Employees can enroll online or through the GaBreeze Benefits Center – Dependents are required to enroll through the Benefits Center GaBreeze will process the COBRA enrollment and send bills directly to participants; participants will remit payments to GaBreeze Participants will have 60 days to enroll based on the employee’s termination date Participants will contact GaBreeze with questions OR to cancel their COBRA enrollment

February APRIL 2010 COBRA Billing First direct bill for COBRA will be based on the status change (i.e. Termination Date) – Termination Date is July 15 th : First COBRA Direct Bill will start for August coverage – Termination Date is July 22 nd : First COBRA Direct Bill will start for September coverage Billing address: State of Georgia P.O. Box 0555 Carol Stream, IL

February APRIL 2010 Retirement

February APRIL 2010 Retirement Employees who Retire Benefit Professional enters a retirement status GaBreeze will mail a Confirmation Kit – Retiree Dental information and COBRA information (Vision and Health Care FSA) if currently enrolled – Retiree Dental is automatic; no enrollment form required – Retiree can enroll in COBRA Vision and/or Health Care FSA – GaBreeze will direct bill participant and send any premium updates – Contact GaBreeze to make option/coverage changes The Confirmation Kit also includes phone numbers to the other vendors for switching coverage to an individual policy

February APRIL 2010 Retirement Life Insurance Options Retirees have two options in taking the Life Insurance Options: Conversion or Portability Conversion switches the Life options to a Whole Life policy – No age reduction in coverage up to age 100 – Acquires a cash value – Premium increases once to the whole life premium and remains the same: “Converted Level Premium” Portability keeps the Life options as a Term Life policy – Coverage reduces based on age (starting at age 65) – Premium increases every 5 years – Coverage can be converted to a whole life policy at any time

February APRIL 2010 Retirement Life Insurance Options – Portability Age Reduction AGE% OF COVERAGE 65 but less than 7065% 70 but less than 7543% 75 but less than 8029% 80 but less than 8519% 85 but less than 9013% 90 but less than 959% 95 but less than 1005%

February APRIL 2010 Retirement Accidental Death & Dismemberment Insurance Option Retirees may take the AD&D option through Portability only Level premium based on a flat rate and coverage amount – Maximum coverage: $150,000 Coverage reduction based on age: AGEAD&DPERMANENT TOTAL DISABILITY 75 but less than 8050%20% 80 or more25%10%

February APRIL 2010 Retirement Specified Illness Insurance Options Retirees may take the Specified Illness option(s) through Portability only Eligibility Requirements – Had coverage at least 6 months prior to retirement – Under the age of 70 Premium(s) will remain the same Coverage reduces by 50% once age 70 is reached

February APRIL 2010 Retirement Long Term Care Insurance Option Retirees may take the Long Term Care as an individual policy Premium will remain the same No coverage reduction based on age Survivor’s Benefit (if applicable)

February APRIL 2010 Retirement Legal Insurance Option Retirees may keep the Legal Insurance for the duration of the Plan Year in which they terminate (i.e. December 31 st ) Premium will remain the same

February APRIL 2010 Reminders

February APRIL 2010 Support Avenues for Benefit Professionals (SPA Web Site) SPA web site online resources Job Aides: Click on Employer Reference Materials for GA Breeze to view job aides – Job Aides are for General information, SMART Forms, and Reports

February APRIL 2010 SPA Web Site Job Aides (Screen shot)

February APRIL 2010 Support Avenues for Benefit Professionals The SPA Team Team will continue to be agencies’ first point of contact Respond to questions about business rules, business processes Support use of the Employer Web Site Answer questions about Employer Web Site reporting Work with Hewitt to resolve data issues or Monday – Friday, 8:00 am – 4:30 pm ET excluding holidays

February APRIL 2010 Support Avenues (Employees/Participants) Benefits Call Center GBreez or Monday – Friday, 8:00 am – 5:00 pm ET excluding holidays Website www. GaBreeze.ga.gov Link on Team Georgia Flexible Benefits tab

February APRIL 2010 Final Questions and Follow-ups