HEALTH BENEFITS - MSEA

  • Premera

     

     

    MSEA employees who work a minimum of half-time (0.50 FTE) may elect health insurance coverage in one of the plans listed below upon hire or during open enrollment in the Spring. However, employees enrolled in the HDHP in FY24 may not enroll in the Mimic Plan in FY25. 

    Contact the Payroll Department if you have any questions about health insurance eligibility, plans, or premiums, or to request a paper copy of certain health plan documents free of charge. 

     

     

      Medical, Vision and Dental Benefits

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      SUPPLEMENTAL BENEFITS - MSEA

          Health Savings Account

          • Employees who participate in a qualified HDHP and do not have other coverage are generally eligible to contribute to an HSA. 

            An HSA allows you to set aside money pre-tax to help pay for eligible medical expenses. Your contributions can build year over year and any interest you earn will grow tax-free.   

            According to the IRS, to be eligible to contribute to an HSA you must meet the following requirements:

            • You are covered under a qualified high-deductible health plan;
            • Are not covered by another non-HSA eligible health plan, including an FSA;
            • Are not enrolled in Medicare or Tricare; and
            • Are not being claimed as a dependent on someone else's tax return

            The IRS sets annual contribution limits for each calendar year.

            2023 Calendar Year HSA Contribution Limits:

            Self-only HDHP coverage: $3,850

            Family HDHP coverage: $7,750

            Individuals 55 and over may contribute an extra $1,000 for catch-up contributions. 

            2024 Calendar Year HSA Contribution Limits:

            Self-only HDHP coverage: $4,150

            Family HDHP coverage: $8,300

            Individuals 55 and over may contribute an extra $1,000 for catch-up contributions. 

            See IRS Publication 969 for rules regarding eligibility, contributions, and distributions.

            Find out more HERE

            To enroll in an HSA, visit the American Fidelity enrollment site HERE.

          Tax Sheltered Annuity/OMNI

          • Omni

             

             

            All employees are eligible to make their own contributions to a 403(b) or 457(b) account.  

            The OMNI Group is the 403(b) and 457(b) benefit administrator for the District. OMNI is an independent third-party administrator dedicated to ensuring that the district, its employee participants, and each of our investment providers and their agents adhere to the many compliance regulations issued by the IRS.  You may contact OMNI by visiting their website www.omni403b.com or by phone at 1-877-544-OMNI. To submit a Salary Reduction Agreement with Omni, you can view the Omni TSA Contribution procedures to begin pre-tax or after-tax payroll deductions into a 403(b) or 457(b). 

            MSEA 1% Match Information

            The District will match MSEA employee contributions up to 1% of the employee's annual salary in a supplemental retirement account, which can be a 403(b) or 457(b) account. Eligible employees may elect for District matching contributions to a 403(b) or 457(b) account of their choice. To elect for District matching contributions, you will need to complete the MSEA 1% Retirement Contribution Election form. Please use your District provided email address on the form. Once you submit the form, you will receive an email to verify your identity. Upon completion, this form is then routed to the payroll department. Once your eligibility and the 1% District contribution amount is determined, you will receive a finalized copy of the form emailed to you.

            Once you have set up a 403(b) or 457(b) account with an investment provider, you should then submit a Salary Reduction Agreement (SRA) form through our third-party administrator, The Omni Group. The SRA should only include the employee contribution amount. Please be sure to select Recurring Contributions on the form, as the contributions will be spread out throughout the year. 

            It generally takes The Omni Group at least 2 weeks to report SRA changes to Payroll. Payroll deductions begin upon notification your account has been opened.

            Employees electing to cash in the value of their paid time off or sick leave, should complete the MSEA Supplemental Retirement Leave Cash In form. These days will be deducted from your accruals upon submitting the form. The value of your leave will be contributed to your 403(b) or 457(b) account on the June 15th payroll.

            If you have any questions or need additional support, please contact the Payroll Department at Payroll@matsuk12.us or (907) 761-4025.

             

            403(b) Plan Details

            457(b) Plan Details

            403(b) and 457 Plan ID #'s

            Maximum Allowable Contribution (MAC) Limits for 2023

            Universal Availability Notice

            FAQ

          American Fidelity

          • AF

             

             

            American Fidelity provides the voluntary supplemental benefits listed below for MSBSD employees during open enrollment. Open enrollment information is emailed to employees each year with the option to meet virtually or in-person with representatives from American Fidelity. 

            • Health Savings Accounts (for employees enrolled in a High Deductible Health Plan and who meet IRS guidelines)
            • Flexible Spending Accounts (for employees enrolled in a non-High Deductible Health Plan)    
            • Disability Income Insurance
            • Cancer Insurance
            • Accident Insurance
            • Life Insurance
            • Critical Illness Insurance
            • 403(b)/457(b) Annuities

            For more information, contact:

            Click Here for American Fidelity Claim Forms

             

          New York Life

          • New York Life

            New York Life offers life insurance and AD&D services that provide support throughout all stages of life for MSEA employees who work at least 0.2 FTE, or 1.75 hours per day.
             
            Group Life Insurance

            Life insurance can help your family with additional financial resources should you pass away.

            Accidental Death and Dismemberment Insurance (AD&D)

            Accidental Death & Dismemberment (AD&D) insurance can help protect families from financial hardship by paying a benefit upon death or serious injury due to a covered accident.

             


          RETIREMENT BENEFITS - MSEA

              TRS Retirement System

              Contact Information

              • MSBSD Retirement and Benefits Coordinator: Email Amber Miller or call 907-761-4057

                For TRS Tiers I and II

                • State of Alaska Division of Retirement and Benefits: Website, Phone: 800-821-2251  

                For TRS Tier III

                 

              • Credible Coverage Notice

                This is an important notice about prescription drug coverage for employees with Medicare.

                Credible Coverage Notice

              Last Modified on June 24, 2024