Topics included in this issue:
Good news from the State of Kansas! The State Employee Health Plan (SEHP) waiting period has been reduced from 60 days to 30 days after hire for employees hired on or after August 1, 2010. Employees hired on or after August 1, 2010 who meet eligibility requirements for health insurance will have 31 days from their first day of employment with Kansas State University to elect or waive health insurance coverage.
For those electing the State's health insurance, their coverage will be effective the first day of the month following completion of the 30-day waiting period starting from their first day of employment. In some cases, the time between hire and the 1st of the month following hire will exceed the 30-day waiting period. (This was also true of the previous 60-day waiting period where date of hire and the 1st of the month following hire exceeded 60 days.) If the 31-day submission deadline is not met, the next opportunity for the employee to sign up for health insurance will be the annual open enrollment.
Personnel Specialists and departmental personnel can help employees meet this deadline by ensuring employees receive their packets sent from HR right away. Benefits staff will be notified as soon as a hire is approved in an effort to get the insurance packet out to the employee at the first opportunity.
With the addition of a new State group program, employees at K-State now have two Long Term Care Insurance options: Legacy Services, our current individualized policy program broker and the new group policy offered by the Kansas Health Policy Authority (KHPA) through Genworth.
Information on the new KHPA Long-Term Care program was mailed to benefits-eligible employees at their home address directly from KHPA. On August 25, 2010, at 9 am and 10:30 am, Genworth representatives will present an information session on the KHPA group policy at the Manhattan Public Library auditorium. To see what this could mean for you, to view rates and plan options, please visit http://www.sehp2010ks.org/group-long-term-care or call 888-285-4889.
Current employees will want to pay close attention to the new KHPA policy because there is an Initial Enrollment Period, August 1 - September 30, 2010, during which sign-up is necessary to take advantage of the "no underwriting" provision of this group policy for employees under 66 years old. With no underwriting of the policy, employees' current health status is not a factor in coverage nor is it a factor in price. Those who sign up during the Initial Enrollment period for this benefit will not be denied coverage or pay a higher cost due to preexisting conditions. This is a limited time offer and will not be available each year with the same terms. After the initial enrollment period, all applicants will have to go through underwriting, i.e. health screening.
The two long-term care programs differ as much from each other as people differ. To help employees navigate the long-term care choices, the Division of Human Resources has invited Legacy Services back to campus for two more educational sessions on September 9 and September 10, 2010, in the Big 12 Room at the K-State Student Union.
Long Term Care insurance covers expenses for long-term care services received at home, in the community or in a nursing facility. Here are a few quick points to consider:
Take advantage of these opportunities to learn what long term care insurance can do to help protect your financial future.
KHPA Genworth Information Sessions
August 25, 2010, two sessions, 9 am and 10:30 am, at Manhattan Public Library auditorium. No registration required.
Legacy Services Information Sessions (represents major companies,
including Met Life, John Hancock, and Genworth)
September 9 and 10, 2010, 11:30 am and 12:30 pm, Big 12 Room, K-State Student Union. To register, email email@example.com or call 800-230-3398.
" The wisest mind has something yet to learn. " George Santayana