Benefits for Residents
**NOTE: This page is describing benefits from the 2012-2013 year. Please visit our SharePoint site for information on the 2013-2014 benefits packages.**
This page provides resident benefits information for potential applicants to UNC Hospitals' Residency Training Programs. If you are already a resident at UNC, click here to visit our SharePoint site (which contains more detailed information about enrollment and forms to modify your benefits package).
Professional Liability
Coverage
As members of
UNC Hospitals' Housestaff, you are covered for professional
liability while performing approved residency activities,
including off-site rotations. Moonlighting is excluded from coverage.
Professional liability coverage is provided to residents as a benefit
of employment as outlined in this
brochure. Coverage is provided on an occurrence basis. This
means that a resident is covered for anything that occurs within the
course and scope of his or her employment as a resident, even if a
claim or a lawsuit is brought for that occurrence after the resident
has left the Hospitals' employment. Coverage is triggered by an
occurrence rather than a claim. Professional liability coverage is
provided by the UNC Liability Insurance Trust Fund which is
administered by the Legal Department of UNC Hospitals.
Health
Insurance
Housestaff may
choose between two coverage options, a Core
Plan and a Buy-up Plan, administered
by Blue Cross Blue Shield of North Carolina. Each plan is designed
to offer richer benefits if UNC Providers and Facilities are utilized.
Your family members can also be covered with the premium being shared
by you and your employer. Health insurance benefits, along with the
employer contributions and the employee contributions, are reviewed
annually and are subject to change.
If you
experience a qualifying event, you may adjust your coverage online at
EBenefitsNow.com.
Monthly Premium
rates apply to Residents on the Department Payroll, whereas Bi-monthly
Premium rates apply to Residents on the Hospital Payroll. The employee
contributions for the current year - July 1, 2012 through June 30, 2013
- for the two plans are:
| | Employee Only | Employee + Spouse | Employee + Child(ren) | Employee + Family |
|---|---|---|---|---|
| Core Option - Bimonthly | $8.00 | $91.00 | $80.50 | $203.00 |
| Core Option - Monthly | $16.00 | $182.00 | $161.00 | $406.00 |
| Buy-up Option - Bimonthly | $20.00 | $125.00 | $104.00 | $239.00 |
| Buy-up Option - Monthly | $40.00 | $250.00 | $208.00 | $478.00 |
Blue Points Quick Start Guide - Physical activity & wellness rewards program
Dental
Insurance
UNC Hospitals'
Office of Graduate Medical Education offers all residents and their
dependents the opportunity to participate in a voluntary group dental
plan. Two (2) plan options are offered through MetLife. This
benefit is entirely funded by the resident. Premium costs are paid
either via payroll deduction on a pre-tax basis for Housestaff on the
Hospital's payroll or by personal check for those not on the Hospital's
payroll. This brochure includes summaries
of both plans offered.
Enrollment
information is included online at EBenefitsNow.com.
The monthly
rates for the plan year - July 1, 2012 through June 30, 2013 - for
the two plans are:
| | Employee Only | Employee + Spouse | Employee + Children | Employee + Family |
|---|---|---|---|---|
|
Low Option - Bimonthly |
$11.27 | $22.80 | $26.37 | $31.80 |
| Low Option - Monthly | $22.54 | $45.60 | $52.74 | $63.60 |
| High Option - Bimonthly | $19.34 | $39.12 | $45.24 | $54.48 |
| High Option - Monthly | $36.68 | $78.24 | $90.48 | $108.96 |
Visit www.metlife.com/mybenefits for
links to Preferred Dental Program (PDP) providers, claim status and
coverage information. Company Name to enter: Office of Graduate Medical
Education or OGME or P & A.
Life & AD&D Insurance
This brochure includes details
on all Life and AD&D insurance packages available to residents, as
well as instructions about Open Enrollment. Enrollment information is
included online at EBenefitsNow.com. Summaries of
the plans are available below.
Basic
Life and AD&D Insurance – UNC Hospital PAYS for this
benefit
- Benefits equal to 1 times salary
Optional
Employee Life & AD&D Insurance
- Choice of an additional 1, 2, 3 or 4x Salary
- Maximum Benefit including Basic Life and AD&D: $625,000
- Guarantee Issue Amount (no Statement of Health form required during initial enrollment period): Additional 1x salary up to a total of $250,000 (Basic and Optional total)
- Enrollment information included in the Physician Benefit Packets mailed each spring. Additional amounts of coverage may be added during the Annual Open Enrollment Period each spring. Statement of Health is required.
Optional Dependent Life Insurance
- Spouse/Domestic Partner Benefit (requires a completed Domestic Partner Affidavit): $25,000
- Child(ren): $10,000 (each eligible child from 14 days up to age 26)
- Dependent Life Insurance is available without a Statement of Health form during initial enrollment period only (new hire)
Additional Benefits Included in Coverage
• Will preparation through Hyatt Legal - covers legal fees when using a participating attorney
• Travel Assistance administered by AXA - assistance when more than 100 miles from home
• Accelerated Benefit
• Portable upon termination or retirement
• Will preparation through Hyatt Legal - covers legal fees when using a participating attorney
• Travel Assistance administered by AXA - assistance when more than 100 miles from home
• Accelerated Benefit
• Portable upon termination or retirement
Monthly
Cost: Employee/Spouse Rates
| Employee Age | Life Insurance Rate/$1000 | AD&D Rate/$1000 |
|---|---|---|
| Under 25 | .040 | .03 |
| 25-29 | .047 | .03 |
| 30-35 | .061 | .03 |
| 35-39 | .081 | .03 |
| 40-44 | .090 | .03 |
| 45-59 | .135 | .03 |
| 50-54 | .207 | .03 |
| 55-59 | .387 | .03 |
| 60-64 | .594 | .03 |
| 65-69 | 1.143 | .03 |
| 70-74 | 1.854 | .03 |
Child(ren): $0.85/month
Click
here for Will Preparation Brochure
Flexible Spending
Accounts
Residents who are paid by UNC Hospitals or UNC
School of Dentistry payrolls have the option of enrolling in Flexible
Spending Accounts for health care and/or dependent care expenses. If
you are not paid by the hospital, you will not be eligible to
participate in the FSA plan (please contact your GME Consultant if you
are unsure how you are paid).
The money deposited into a Flexible Benefits
Plan account is tax-free, and, therefore, it can only be used to pay
for qualifying expenses. At the end of the plan year, if you have
not claimed all of the money in your account, you forfeit the balance.
Please read this letter outlining the
options for Flexible Spending Accounts offered through Blue Cross Blue
Shield, and this brochure which provides
account details. Disregard the reference to a debit card,
as this option is not included in the resident benefits
package.
Disability Insurance
This disability insurance plan is intended to
offer coverage that will provide you with continuing income in the
event that an injury or illness prevents you from working.
- This plan covers 70% of your basic monthly earnings if you suffer from a disabling accident or illness on or off the job.
- The maximum monthly benefit is $3,500; the minimum monthly benefit covered under this plan is $100.
- Your covered salary is based on your stated annual salary.
- Benefit payments will begin after you have been unable to work for 90 days (elimination period) due to disability.
- Until age 65, you will receive benefit payments while you are unable to work in your own occupation.
- You will receive benefit payments until Social Security Normal Retirement Age while you remain disabled.
- This plan includes partial disability benefits. You must be totally disabled through the elimination period and receive one monthly payment for total disability. After the work incentive period, benefits payments are then reduced by 50% of your current monthly earnings.
- This plan includes a work incentive feature. We will not reduce our benefit by your part-time earnings for the first 12 months of partial employment, unless the sum of such earnings and our gross monthly benefit exceeds 100% of your prior earnings. If the total exceeds 100%, we deduct only the excess from our benefit.
- There is a $175,000 Lifetime benefit for Loan Payoff.
- Critical Disability Supplement - An additional 30% of monthly earnings up to $3,000 maximum.
- The cost of this insurance is paid entirely by your employer.
Conversion Option: You may convert your group
disability coverage to individual coverage if your full-time employment
ends.
For more information or if you have any
questions about this policy please contact The Benefit Planning Group
at 919-489-1720 or email info@mybpginc.com.
This summary serves as a highlight of your
coverage. If there is a discrepancy between this summary and your
benefit booklet, the benefit booklet prevails.
Supplemental Disability
Coverage
In addition to the coverage provided
above, voluntary options are also available. For more information,
you may contact the following:
The Benefit Planning Group at 919-489-1720 or
info@mybpginc.com
Chris
Mitta at 919-872-8666 or Chris@DisabilityForResidents.com
Hyatt Legal/MetLaw Plan
UNC Hospitals Office of Graduate Medical
Education (OGME) offers residents and subspecialty residents the
opportunity to enroll in a Voluntary Legal Plan offered by Hyatt Legal,
a MetLife company. This brochure provides an
overview of the plan, summary of benefits offered and instructions
for enrollment.
Hyatt Legal is the largest group legal plan
provider in the country. Upon enrollment during the open enrollment
period, coverage will begin July 1, 2012.
This is a full service legal plan, not a
discount program. Covered services include important matters such as
Wills & Trusts, Sale or Purchase of a home and other Real Estate
Matters, Financial Matters, Traffic Offenses, Juvenile Matters,
Identity Theft Defense, Debt Collection Defense, and much more.
MetLaw offers:
- All legal services delivered by plan attorneys
- Direct payment of Plan Attorney fees by MetLaw for all covered matters
- No waiting periods, hour limits, page limits, claim forms, or co-pays for plan attorneys' covered services
- No pre-existing limitations unless an attorney has already been retained
- Out-of-network attorneys coverage. MetLaw provides a fee reimbursement schedule
- Great Customer service - Representatives answer the phone within 5 seconds during business hours
- A full service web site with an easy "Attorney Locator Search Engine" and many helpful resources
- An open enrollment period held once a year to coincide with annual benefit open enrollment period in late spring
- The plan is Portable at Group Rates
Enrollment information is included in the
Physician Benefit Packets mailed each spring. The minimum enrollment
period is one year. Re-enrollment is not required each year. Monthly
rate - $15.75 per month. Premiums are paid by the participant via
payroll deduction. Rates are guaranteed through June 30, 2013. Cost
covers Employee, Spouse/Domestic Partner and Dependents.
Current Local Participating Law
Firms as of June 2012
Hyatt Legal/MetLaw Information: To
access complete information about the Legal Plan, go to www.legalplans.com, click on
"Thinking About Enrolling?" and enter Password: MetLaw
Tax Deferred Savings
Residents on the UNC Hospitals
payroll may invest in a 403(b) plan and save money from
their current paychecks to use later at retirement. These plans are
voluntary and residents may enroll at any time. UNC Health Care does
not provide matching funds to these accounts.
As of January 1, 2009, TIAA-CREF and Fidelity are the
403(b) vendors available to UNC Health Care residents.
Home and Auto Insurance
METPAY is a personal property insurance
program offered through MetLife Auto and Home and is designed for the
residents at UNC Hospital. The METPAY program is employee paid and
gives you access to special group rates for auto, home, renters, and
other types of insurance. With the low group rates and other discounts
available, you could save 10% or more of your overall costs each year.
This program offers the option convenience of payment through payroll
deduction for those who are funded through the Hospitals'
payroll.
Policies available through the Office of
Graduate Medical Education METPAY program include:
- Auto
- Homeowners
- Renters
- Condominium
- Mobile Home
- Fire
- Recreational Vehicle
- Boat
- Personal Excess Liability ("umbrella")
MetLife sends out additional mailings during
the year describing this benefit. You may contact the MetLife Insurance
Consultant at any time to obtain quotes, apply for coverage, make
changes to your coverage, and report claims.
The Insurance Consultant at MetLife can be
contacted by dialing 1-800-GET-MET8 or 1-800-438-6388
