1. 2015–2016 CLINICAL FACULTY BENEFITS UF COLLEGE OF MEDICINE

2. TODAY’S AGENDA College of Medicine-sponsored benefits (health, life and disability) Supplemental Benefits (UF Select and State of Florida) 403(b) and 457 Retirement Plans Leave Accruals Q & A 2

3. COLLEGE OF MEDICINE PLANS All monthly premiums for health, life and LTD paid by department Employer-Paid premiums for life and LTD considered imputed taxable income (calculated the 2 nd paycheck of each month) GatorCare Health Insurance Eligible Dependents include spouse or domestic partners (same sex or opposite), and children up to age 26 (end of calendar year) No additional monthly cost to add eligible dependents $500K Life Insurance / $150K AD&D Long-Term Disability Insurance Tax-Free Benefit 60% of monthly salary (max of $15,000 / month) 3

4. GATORCARE BENEFIT PLAN DESIGN 4 Clinical Faculty Members Have Two Plan Choices: Premium PlanPremium Plan – This plan also features rich benefits when utilizing Tier 1 GatorCare providers, but also features a competitive level of benefits in Tier 2 and coverage for out of network. Prime Plus PlanPrime Plus Plan – This plan features additional savings when utilizing Tier 1 Gatorcare providers, but higher costs for coverage in Tier 2 and no coverage out of network.

5. GATORCARE BENEFIT PLAN DESIGN 5 GatorCare Tier Overview Plan offers Tier 1 coverage or “GatorCare” network coverage Tier 2 = Network Blue/BlueOptions in-network providers Tier 3 = Out of Network/Non-Participating providers Members will receive the highest level of benefits when they receive services within the GatorCare Tier 1 network.

6. 6

7. 7

8. 8 Wellness Website at gatorcare.org/wellnessgatorcare.org/wellness Media Library Health Resources Calendar of Events Wellness Email List Health Coaching and Seminars Health Fairs and Screenings Walking and Exercise Groups

9. SUPPLEMENTAL INSURANCE PLANS All monthly premiums are employee-paid Two Programs Available UF Select State of Florida (PeopleFirst) UF Select Plans begin on Date of Hire Dental, Vision, Life, Legal and even Pet Insurance! State of Florida / PeopleFirst Plans begin month after Date of Hire Dental, Vision, Life Insurance Pre-Tax Medical and Dependent Care Accounts 9

10. 10

11. 11

12. 403(B) AND 457 RETIREMENT PLANS 403(b) Plan Employer contributes 5.14% automatically on the first $265K of base salary (higher threshold for faculty hired pre- 7/1/96) Mandatory Employee-Paid 3% Pre-Tax Contribution Plan administrators include AXA, Fidelity, Met Life, TIAA-CREF, Valic and Voya (formerly ING) Optional employee contributions (above the mandatory 3%) can be made on a pre- or post-tax basis, up to $18K (under 50 years old) / $24K (50+) annual limit 457 Plan No employer contribution Employees may contribute up to $18K / $24K on a pre-tax basis in addition to their 403(b) contributions Plan administrators include Charles Schwab, Empower, Nationwide, T. Rowe Price, Valic and Voya 12

13. LEAVE BENEFITS Vacation Leave Accrued bi-weekly at the rate 6.769 hours Hours roll over at the end of each calendar year Maximum accrual is 352 hours Upon separation, employees may cashout up to 200 hours Sick Leave Accrued bi-weekly at the rate 4.00 hours Hours roll over at the end of each calendar year Maximum accrual is unlimited Upon separation, employees do not receive a cashout Employees “retiring” prior 6/30/2016 may cashout up to 1920 sick leave hours at a rate of 25% 13

14. 14 Any questions?