Posted on 27 August 2014
UM faculty and staff considering retirement are encouraged to attend Ready to Retire, a seminar designed to guide them through the steps of retirement. Experts will discuss your retirement fund distribution options, health care benefits, and important Medicare deadlines, as well as the emotional and psychological factors that contribute to a healthy and happy retirement. Sessions will be held from noon to 1:30 p.m. as follows:
Coral Gables campus | Tuesday, September 9 at Founders Hall; Friday, September 12 at Storer Auditorium
Miller School of Medicine campus | Wednesday, September 10 at the Mailman Center Auditorium
RSMAS campus | Thursday, September 11 at RSMAS Auditorium
Register for a session here. If you have trouble registering, contact BenefitsRSVP@miami.edu and indicate which campus session you will be attending. For more information, please contact a benefits representative at www.miami.edu/benefits/ask.
Posted on 27 August 2014
If you’re eligible for the Retirement Savings Plan (RSP) but aren’t making contributions, you are missing out on free money from the University that will help you save for your retirement. If you aren’t sure how to get started or think it’s too late to start, you should register for “Save a Little Today, Play a Lot Tomorrow.” Hosted by Fidelity Investments, these interactive workshops will teach you how saving a little today will result in an increased retirement benefit. Workshops are scheduled from 11 a.m. to noon, and healthy snacks will be provided at the end. As an added bonus, if you enroll or increase your voluntary contribution after the workshop, you will receive a complimentary two-week pass, good at both the UHealth Fitness and Patti and Allan Herbert Wellness Centers. Click here to reserve your seat today.
Posted on 13 August 2014
University of Miami faculty and staff can enjoy all the excitement of the Miami Seaquarium for half the price during the fall semester. From August 23 through October 19, UM employees, and up to five guests, can receive 50 percent off regular admission to the Seaquarium and experience a fun-filled day of spectacular marine animal shows and tropical wildlife. Special offers on annual passes and animal encounter programs also will be available.
UM faculty and staff must present a valid ’Cane Card (UM ID) when purchasing tickets to redeem this special offer. For more information, click here, or contact HR-Benefits at 305-284-3004 or complete the online for at www.miami.edu/benefits/ask.
Posted on 08 July 2014
Benefits Open Enrollment will return October 13-31. With health care ranked as a “highly valued” benefit, according to the ’Canes Total Rewards assessment, the University has released the 2015 health care plan highlights to enable you to make informed decisions about your coverage for next year.
What’s staying the same in 2015?
- Same three medical plans: Aetna Select 1, Aetna Select 2, and the Aetna Health Reimbursement Account (HRA).
- Free preventive care services for UM/Aetna medical plan members.
- No increase to medical plan copays or deductibles.
- Lower copays at UHealth.
- Low-cost services for sick care, and free annual physicals and immunizations at the on-site walk-in Healthy ’Canes Employee Clinics.
- Free generics and reduced-price brand medications through Aetna Health Connections.
- Well ’Canes Incentives Program will continue in 2015, allowing you to earn up to $300 per year by getting engaged in your well-being.
What’s changing in 2015?
- Minimal increases to health care premiums.
- Spousal surcharge. The medical plan’s spousal surcharge, which allows you to cover a spouse/same-sex domestic partner who has access to his/her own employer-provided medical plan, will increase to $250 per month.
- Smoker’s surcharge. The medical plan’s smoker’s surcharge, which applies to adult smokers covered under the UM/Aetna medical plan, will increase to $100 per smoker, per month. Complete the complimentary BeSmokeFree program by October 31, 2014, to avoid the surcharge.
- NEW: Aetna Select 1 and 2 out-of-pocket maximums will now include prescription copays. This enhancement will help reduce overall cost for participants.
- NEW: Generic Choice incentive program for UM/Aetna members. Save money and avoid out-of-pocket costs by choosing generic medications, if available. If you fill a brand name medication when a generic is available, you will be responsible for the higher copay, plus the difference in cost between the generic and the brand name medication. If you’re currently taking a brand name medication for which a generic equivalent is available, you will receive more information about this program at your home within the next few months.
- NEW: Rx Step Therapy program. Expensive medications aren’t always best. For a small group of medications, UM/Aetna plan members will be required to try a less expensive but equally effective medication before trying higher-priced alternatives. If the less expensive medication has not been tried, the plan may not cover the more expensive medication. If you’re currently taking a medication that may be part of the Rx Step Therapy program, you and your doctor will receive more information about this program within the next few months.
- Minimal increase to some prescription drug copays. Generic drug copays will remain at $10. The copay for tier 2, brand-preferred drugs will be $45, and for tier 3, non-preferred brand drugs, it will be $75.
- NEW–Guardrails Screenings at Healthy ’Canes Employee Clinics. The Guardrails Prevention Initiative will offer free, 10-minute health assessments for faculty and staff. Visit healthycanesclinic.com to locate a clinic near you and see the Guardrails evaluation schedule.
The University will continue to monitor health care reform requirements and changes to the health care environment while working to ensure that the UM health care plans remain competitive.
In September, you will receive additional information about the 2015 Benefits Open Enrollment via email, interoffice mail, and through e-Veritas and e-Update. We thank you for your continued partnership and engagement in advancing your well-being as we work together to maintain high-quality health benefits. If you have any questions about the University’s health care plans or how these changes may affect you, please click here or contact HR-Benefits at miami.edu/benefits/ask or 305-284-3004.
Posted on 11 April 2014
By Robert C. Jones Jr.
Fidelity’s Kathy Murphy with UM President Donna E. Shalala during one of the Week of Well-Being’s many offerings.
CORAL GABLES, Fla. (April 07, 2014) — It was a “wakeup call” for Kathy Murphy’s mother that came at the wrong time. With three of six children in college, her husband died at 57, leaving her to raise a family alone and figure out how to budget and save.
“We focused a lot on saving, but not investing,” Murphy, president of Fidelity Personal Investing, told an audience of about 300 University of Miami employees. Read the full story