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“I’ve Got What?!”A Benefit OverviewSouth Wisconsin District: Passionate Believers ConferenceJanuary 26, 2019Presented by Louis JohnsonDirector – Account Management
One Faith,One CommunityWho is Concordia Plan Services?Our Mission Statement:We “walk together” with LCMS ministries incaring for workers and their families sothat the Word of God continues to spread!
One Faith,One CommunityWho is Concordia Plan Services? Benefit branch of The Lutheran Church—MissouriSynod Created in Convention: CPS is to care for churchworkers CPS designs the plans, finds the vendors,administers the plans, delivers communication andeducation, and serves as your advocate
One Faith,One CommunityWho Concordia Plan Services is not? CPS is not an insurance company. CPS is not a for-profit entity
One Faith,One CommunityConcordia Plan Services Serves:LCMS organizations (“Employers”) ChurchesSchools: Pre-School, Elementary, High SchoolUniversities / SeminariesInternational CenterDistrict Offices (35 across U.S.)Concordia Publishing HouseRecognized Service OrganizationsCampus MinistriesCampsSenior CentersMission Field WorldwideThey choose to adopt the Plans – most do
One Faith,One CommunityConcordia Plan Services Serves:LCMS employees (“Workers” “Members”) Pastors / DCEs / Deaconesses (6,200) Teachers / Professors (6,900) Lay Workers (19,400) Executive / Administrative Office Personnel Office Support Facilities and Maintenance Career Missionaries (120)
One Faith,One CommunityConcordia Plan Services Provides:1. Concordia Health Plan (CHP)2. Concordia Disability and Survivor Plan (CDSP)(Death Benefits)3. Concordia Retirement Plan (CRP)(Defined Benefit Plan-Pension)4. Concordia Retirement Savings Plan (CRSP)(Defined Contribution Plan – 403b)
Concordia Health PlanCovers you during times of sicknessand provides wellness resources
One Faith,One CommunityConcordia Health Plan (CHP) Employer-sponsored plan (your church/schoolchooses which option):– Employer is required to pay at least 50% of cost for your coverage– Employer establishes a policy for dependent coverage Once Called and at the church/school:– Will be enrolled under employer’s plan option– Can decline coverage if: covered under parent’s group health plan covered under spouse covered under military plan . . .
One Faith,One CommunityCHP Benefits and Providers: Medical Care – Prescription Drugs – Disability – Dental Care – Mental Health/Substance Abuse Care – Employee Assistance Program (EAP) – Vision Benefits – Hearing Discount Program -
One Faith,One CommunityCHP Preventive Care BenefitsCovered at 100%Calendar Year! PhysicalMammogram (2D)Pap SmearOsteoporosis screeningColon cancer screeningProstate Specific Antigen (PSA)Skin examOccult blood screening(covered 1 per year) Cholesterol/lipid profileDiabetes screeningProstate digital examRectal digital examBreast examColonoscopy screeningHypertension(covered if recommended byphysician)
CHP Wellness ResourcesOne Faith,One CommunityEncourages & rewards healthy behaviors Earn gift cards for walking(trackers), healthy shopping,health screenings, on-lineeducation, etc. 100 toward purchase of Fitbit,Garmin 250 Gym Membership Rebate Apple Watch Programwww.PowerofVitality.com
CHP Wellness ResourcesOne Faith,One CommunityPersonal medical advice/support to get the best medical care Relocating? Find your doctorsChildren? Find a pediatricianSurgery? Get a second opinionMediations? Have your regimen reviewedPain? Get to the root of the problemDiagnosis? Get clear “next 7-9819 (7 a.m. – 8 p.m. CT)Grand Rounds App
CHP Wellness ResourcesOne Faith,One CommunityHealth Prevent Program16-week digital health program for members at riskfor type 2 diabetes and/or heart disease. Free full-time health coachFree wireless smart scaleFree app and fitness trackerOnline peer/support groupInteractive weekly lessonsSee if you qualify: omadahealth.com/concordia
One Faith,One CommunityCHP Wellness ResourcesDiabetes ManagementHelping you control your diabetes Connected glucose meter toonline account Unlimited strips App:– Track glucose readings– Communicate with coaches– Get daily insightsTo enroll: welcome.Livongo.com/concordia
CHP Wellness ResourcesOne Faith,One CommunityDiabetes ManagementClinically proven way to reverse Type II Diabetes Decrease blood sugar Reduce meds Lose weightTHROUGH: Physician supervision One-on-one health coaching Biomarker tracking Private Virta Community(More information coming in 2019)
One Faith,One CommunityCHP Wellness ResourcesWeight Loss Program10-week journey to lose weight Learn positive eating practicesLearn when and how to eatDigital counseling programWeekly on-line lessons(More information coming in 2019)
CHP Wellness ResourcesOne Faith,One CommunityEmployee Assistance Program (EAP)Helping you and your family with:––––– StressDepressionFamily mattersChild care needsVocational concerns6 FREE face-to-face visits per episodeUnlimited telephonic866-726-5267
CHP Wellness ResourcesOne Faith,One CommunityFREE 24-Hour NurseLine24/7 toll-free calls to RN for medical advice– Answers to health questions– Direction on when and whereto seek medical attention– Help choosing providers– Access to a 24-hour audiolibrary consisting of hundredsof medical topics800-605-6621
One Faith,One CommunityCHP Wellness ResourcesDigital Docs(Doctor on Demand or Online care from real doctors For acute illnesses: fevers, coldsand flu, allergies, migraines,pinkeye, ear infections, urinarytract infections, sinus infections. Copay or 40- 50 per “visit”MDLive orBCBSTeladoc)CignaUMR
Concordia Disability and Survivor PlanSupporting You and Your Family DuringPregnancy, Injury, Illness and Death
One Faith,One CommunityConcordia Disability & Survivor Plan (CDSP)Disability Benefits (and pregnancy) The full cost of CDSP is paid by your employer Disability Income– Benefit after 14 consecutive days– Pays 70% of your monthly salary to you to help replacelost income Financial protection for you and your employerduring extended disability:– Waiver of monthly contributions for employer– You get continued health coverage
One Faith,One CommunityConcordia Disability & Survivor Plan (CDSP)Survivor Benefits (similar to life insurance): Should you die while actively working (notretired):– One-time lump sum death benefit paid to yournamed beneficiary: 2 X annual salary plus 1 X annual salary for each enrolled dependentchild up to a maximum of 6 X annual salary For the death of an enrolled spouse and child:– A lump-sum death benefit of 10,000– Active worker is the beneficiary
One Faith,One CommunitySupplemental Life InsuranceAs a CDSP member, you can purchase additionalSupplemental Life Insurance at discounted grouprates: Newly hired? You can purchase through MinnesotaLife with a guaranteed coverageamount during your initial eligibility period Coverage may also be available afterward uponreview and approval by Minnesota Life Coverage may be purchased for you and enrolleddependents
Concordia Retirement Plan (CRP)Providing steady income during retirement
One Faith,One CommunityConcordia Retirement Plan (CRP) Provided by your EmployerEmployer contributes for you100% vested after 5 yearsA defined benefit plan providing lifetime retirementincome What you get is based on: Ave. monthly salary of 5 highest consecutive years Number of years enrolled in CRP When you die, income for your surviving dependents
Concordia Retirement Savings PlanSavings to add to your retirement income
One Faith,One CommunityConcordia Retirement Saving Plan (CRSP) Employer-sponsored, 403(b) savings plan – youcontribute Pre-tax and after-tax Roth options Automatically deducted from paycheck Your employer may provide a match Your account with a balance amount (can run out)
One Faith,One CommunityWhy You Need Additional SavingsExpensesYourSavingsFills theGapSalaryprior toretirementSocial SecurityYour CRP amount
One Faith,One CommunityTake Advantage of Compounding Interest!( 50/paycheck for 20 years)
Financial/Retirement Questions:Karen Wilhelms, Financial EducatorKaren.Wilhelms@concordiaplans.orgPaul Snyder, Financial EducatorPaul.Snyder@concordiaplans.orgLaura Scheer, Financial EducatorLaura.Scheer@concordiaplans.orgOne Faith,One Community
Your Contact for Benefit QuestionsOne Faith,One CommunityChuck Deubner, Account Manager –Serving ministries with 10 or more workers in theConcordia Retirement Plan.Email: Chuck.Deubner@concordiaplans.orgPhone: (888) 927-7526, Ext. 6867Sally Malinee, Account Representative – Servingministries with 9 or fewer workers in the ConcordiaRetirement Plan.Email: Sally.Malinee@concordiaplans.orgPhone: (888) 927-7526, Ext. 6829My Contact Information:Louis Johnson, Director – Account ManagementEmail: Louis.Johnson@concordiaplans.orgPhone: (888) 927-7526, Ext. 6728
Thank youWe know your time is important and we appreciatethat you have shared your time with us today. I’mhappy to answer your questions.CPS is here to support you and your ministry.888-927-7526 oremail info@ConcordiaPlans.org33
Concordia Retirement Plan (CRP) Provided by your Employer Employer contributes for you 100% vested after 5 years A . defined benefit plan . providing lifetime retirement income What you get is based on: Ave. monthly salary of 5
