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doc15328 October25_2013FinanceAndBusinessCommittee.pdf

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Page 1

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            "text": "October 25, 2013"
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            "text": "9:15 am to 10:00 am"
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            "text": "Section Page\n\nB1 Minutes of July 26, 2013\nB2 Executive Summary\nB3 Fiscal Year 2014 Budget vs. Actual\nB4 Human Resource Services Report\nB5 Action Item: Approval MyMath Fee\n35",
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            "text": "Vice President Lockridge stated that management has acquired additional use of rights through a company called TouchNet which offers software whereby students can go online and pay their tuition bills with a credit card. The targeted date for this plan is the end of September. Also, Payment Plan software has been acquired for creating and managing tuition installment plans. Go Live is targeted for October."
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Page 7

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            "text": "The Finance Administration has partnered with the School of Business to implement an Accounting internship program. Mrs. Carla Perry, a senior with a major in Accounting was introduced and she shared her experience of working in Finance Administration's accounting department."
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            "text": "Vice President Lockridge stated that performance evaluations for the University for the period July 1, 2012 through June 30, 2013 are due to HR August 16, 2013. She stated that responses to the RFP for the review of faculty and staff compensation and classification have been received and the first review committee meeting will be held August 1, 2013. She informed the committee that the annual benefit and open enrollment for FY14 was completed in May with an effective date of July 1, 2013 with very few employees changing their health insurance coverage due to an affordable health plan. Per Vice President Lockridge, we continue to monitor our requirements with the Affordable Health Care Act. The university will issue a Notice to Employees of Coverage Options no later than October 13, 2013. The committee was informed that to ensure all individuals receiving a paycheck are active KSU employees, ghost audits have been scheduled for Staff in August and Faculty and Students in October. She also stated that the effective date for the implementation of the change to the KTRS sick leave service credit program is September 2, 2013. The committee was informed that there is a pilot program being tested for electronic timesheets for students and also a simplification process for EPAF's has been approved by the Cabinet."
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            "text": "Action: Regent Henry proposed a motion to take this to internal advisement and make a ruling on it at the next Board meeting. Regent Whitehead seconded the motion. The motion passed."
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Page 8

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Page 9

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Page 10

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            "text": "KENTUCKY STATE UNIVERSITY\nRegular Meeting of the\nBoard of Regents\nFinance and Business Committee\nOctober 25, 2013\n9:15 am to 10:00 am\nBoard Room - Academic Services Building\nFrankfort, Kentucky"
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            "text": "The Division of Finance welcomed Ms. Deborah Martin as the Associate Vice President of Business Operations and Ms. Jane Ann Knotts as the Director of Budget, Policy and Planning to Kentucky State University."
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            "text": "The Vice President Finance Administration has been engaged with the Vice Presidents of the other postsecondary institutions in the Commonwealth to decide on a funding model. This funding model will be utilized by the Council on Postsecondary Education (CPE) to make its FB 2014-16 Budget Recommendations the Governor and to the Legislative Research Commission. The discussion has been centered on several initiatives that support recently passed education legislation and others that have been deemed important to the Commonwealth. They include the following: College and Career Readiness; Research and Economic Development; Degree Production; Kentucky Adult Learners; and UK/KSU Land Grant funds. Various Trust Fund initiatives are being discussed. The evolution of the final model is planned as follows: The Vice Presidents (Chief Budget Officers) of each institution collectively review the detailed information surrounding the above areas and their respective fiscal implications. From those discussions, comes a recommendation to the Presidents of the postsecondary institutions. The Presidents make a recommendation to CPE. CPE will select the funding model and make the budget recommendations. At the present time, the Presidents are deliberating on their recommendations to CPE. CPE will probably make their decisions at its November 8th meeting."
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            "text": "The Program Review and Investigation Committee has requested through CPE data for 10 year period (2001-02 to 2011-12) from all Public Higher Education Institutions. Staff is currently working to provide this information."
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Page 11

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            "text": "The Vice President Finance Administration recently attended The Whitehouse Initiative on HBCUs. Additionally, the vice president and the Title III director met with the Program Officer over the university's HBCU Masters Grant."
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            "text": "A representative from Brickstreet conducted a premium audit on October 8, 2013. The goal of the audit was to assess whether or not our insurance premium accurately represented the proper risk exposure. Results when received will be shared."
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            "text": "Refer to the Human Resources Update contained within."
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Page 12

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Page 13

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Page 14

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87 · FOOTER
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                        "colspan": 1
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                        "colspan": 1
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                        "col": 0,
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                        "colspan": 1
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                        "col": 1,
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                        "colspan": 1
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                        "colspan": 1
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                        "colspan": 1
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                        "colspan": 1
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                        "colspan": 1
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                        "colspan": 1
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                        "colspan": 1
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                        "rowspan": 1,
                        "colspan": 1
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                        "colspan": 1
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                        "colspan": 1
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                    "bbox": {
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
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                },
                {
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                    "bbox": {
                        "l": 208.56,
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                    "text": "2,341,464",
                    "attrs": {
                        "row": 16,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.51",
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                    "bbox": {
                        "l": 354,
                        "t": 385.1314,
                        "r": 499.44,
                        "b": 366.7971
                    },
                    "text": "1,120,648",
                    "attrs": {
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                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
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                    "bbox": {
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                        "col": 0,
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                        "colspan": 1
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                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
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                    "bbox": {
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                    },
                    "text": "1,950,795",
                    "attrs": {
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                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "bbox": {
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                        "t": 348.4629,
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
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                        "b": 330.1286
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                    "text": "1,321,029",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
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                },
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                    "bbox": {
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                        "t": 348.4629,
                        "r": 499.44,
                        "b": 330.1286
                    },
                    "text": "1,329,936",
                    "attrs": {
                        "row": 18,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
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                    "type": "table_cell",
                    "bbox": {
                        "l": 63.12,
                        "t": 330.1286,
                        "r": 208.56,
                        "b": 311.7943
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                    "text": "Deposits",
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                        "row": 19,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 330.1286,
                        "r": 354,
                        "b": 311.7943
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                    "text": "181,178",
                    "attrs": {
                        "row": 19,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "bbox": {
                        "l": 354,
                        "t": 330.1286,
                        "r": 499.44,
                        "b": 311.7943
                    },
                    "text": "203,114",
                    "attrs": {
                        "row": 19,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.61",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 63.12,
                        "t": 311.7943,
                        "r": 208.56,
                        "b": 293.46
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                    "text": "Other current liabilities",
                    "attrs": {
                        "row": 20,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.62",
                    "order": 64,
                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 311.7943,
                        "r": 354,
                        "b": 293.46
                    },
                    "text": "391,947",
                    "attrs": {
                        "row": 20,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
                        "l": 354,
                        "t": 311.7943,
                        "r": 499.44,
                        "b": 293.46
                    },
                    "text": "47,873",
                    "attrs": {
                        "row": 20,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "bbox": {
                        "l": 63.12,
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                        "r": 208.56,
                        "b": 275.1257
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 293.46,
                        "r": 354,
                        "b": 275.1257
                    },
                    "text": "825,613",
                    "attrs": {
                        "row": 21,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
                        "l": 354,
                        "t": 293.46,
                        "r": 499.44,
                        "b": 275.1257
                    },
                    "text": "801,227",
                    "attrs": {
                        "row": 21,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.67",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 63.12,
                        "t": 275.1257,
                        "r": 208.56,
                        "b": 256.7914
                    },
                    "text": "Total Current liabilities",
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                        "r": 354,
                        "b": 256.7914
                    },
                    "text": "6,694,782",
                    "attrs": {
                        "row": 22,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.69",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 354,
                        "t": 275.1257,
                        "r": 499.44,
                        "b": 256.7914
                    },
                    "text": "5,453,593",
                    "attrs": {
                        "row": 22,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "bbox": {
                        "l": 63.12,
                        "t": 256.7914,
                        "r": 208.56,
                        "b": 238.4571
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                    "text": "Noncurrent liabilities:",
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "type": "table_cell",
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                        "r": 354,
                        "b": 238.4571
                    },
                    "text": "",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
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                },
                {
                    "id": "p14.2.72",
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                    "bbox": {
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                        "r": 499.44,
                        "b": 238.4571
                    },
                    "text": "",
                    "attrs": {
                        "row": 23,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.73",
                    "order": 75,
                    "type": "table_cell",
                    "bbox": {
                        "l": 63.12,
                        "t": 238.4571,
                        "r": 208.56,
                        "b": 220.1229
                    },
                    "text": "Bonds and capital lease obligations",
                    "attrs": {
                        "row": 24,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "order": 76,
                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 238.4571,
                        "r": 354,
                        "b": 220.1229
                    },
                    "text": "7,350,371",
                    "attrs": {
                        "row": 24,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.75",
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                    "bbox": {
                        "l": 354,
                        "t": 238.4571,
                        "r": 499.44,
                        "b": 220.1229
                    },
                    "text": "7,277,520",
                    "attrs": {
                        "row": 24,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.76",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 63.12,
                        "t": 220.1229,
                        "r": 208.56,
                        "b": 201.7886
                    },
                    "text": "Federal grants refundable",
                    "attrs": {
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 220.1229,
                        "r": 354,
                        "b": 201.7886
                    },
                    "text": "991,709",
                    "attrs": {
                        "row": 25,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.78",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 354,
                        "t": 220.1229,
                        "r": 499.44,
                        "b": 201.7886
                    },
                    "text": "991,709",
                    "attrs": {
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                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
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                    "bbox": {
                        "l": 63.12,
                        "t": 201.7886,
                        "r": 208.56,
                        "b": 183.4543
                    },
                    "text": "Total Noncurrent liabilities",
                    "attrs": {
                        "row": 26,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.80",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 201.7886,
                        "r": 354,
                        "b": 183.4543
                    },
                    "text": "8,342,080",
                    "attrs": {
                        "row": 26,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.81",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 354,
                        "t": 201.7886,
                        "r": 499.44,
                        "b": 183.4543
                    },
                    "text": "8,269,229",
                    "attrs": {
                        "row": 26,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.82",
                    "order": 84,
                    "type": "table_cell",
                    "bbox": {
                        "l": 63.12,
                        "t": 183.4543,
                        "r": 208.56,
                        "b": 165.12
                    },
                    "text": "Total LIABILITIES",
                    "attrs": {
                        "row": 27,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.83",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 208.56,
                        "t": 183.4543,
                        "r": 354,
                        "b": 165.12
                    },
                    "text": "15,036,862",
                    "attrs": {
                        "row": 27,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p14.2.84",
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                    "type": "table_cell",
                    "bbox": {
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                        "t": 183.4543,
                        "r": 499.44,
                        "b": 165.12
                    },
                    "text": "13,722,822",
                    "attrs": {
                        "row": 27,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
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            ]
        },
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Page 15

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Page 17

77 item(s) JSON
footer (1) heading (1) table (1) table_cell (74)
Page 17
1 · HEADING
2 · TABLE
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77 · FOOTER
Page 17 JSON
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            "text": "Kentucky State University\nStatement of Revenue and Changes in Net Position (By Function)\nPeriods Ending August 31 2013 and 2012",
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Page 18

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Page 18
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35 · FIGURE
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Page 19

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2 · TABLE
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48 · FOOTER
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Page 20

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Page 23

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table (1) table_cell (119) text (2)
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Page 24

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Page 28

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1 · HEADER
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12 · FIGURE
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            "text": "KENTUCKY STATE UNIVERSITY\nOFFICE OF\nHUMAN RESOURCES",
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            "text": "Dr. Kristopher Grimes and nurse Phyllis Rogers of the College of Agriculture Food Sciences and Sustainable Systems will offer free smoking cessation classes on campus this year. Frankfort Regional Medical Center and the Franklin County Health Department will also provide classes in the community. These classes will be announced in campus email when scheduled."
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            "text": "Address: I309 U.S. 127 Frankfort, KY 40601\nPhone: (502) 875-6390"
        },
        {
            "id": "p28.14",
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            "type": "heading",
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                "l": 403.68,
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            "text": "Hours:",
            "level": 3
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            "type": "text",
            "bbox": {
                "l": 337.92,
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                "r": 497.28,
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            "text": "Monday—Thursday 8:00 am—8:00 pm\nSaturday 8:00 am—5:00 pm\nSunday 10:30 am—5:00 pm"
        },
        {
            "id": "p28.16",
            "order": 16,
            "type": "heading",
            "bbox": {
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            "text": "United Healthcare Services (UHC)",
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            "level": 3
        },
        {
            "id": "p28.17",
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            "bbox": {
                "l": 309.36,
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                "r": 526.56,
                "b": 258.48
            },
            "text": "For covered employees and dependents, UHC offers Simply Engaged Health Coaches who can assist with those who want to stop smoking. The Simply Engaged program offers a $75 reward for participating."
        },
        {
            "id": "p28.18",
            "order": 18,
            "type": "text",
            "bbox": {
                "l": 309.36,
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            "text": "UHC also offers an online smoking cessation program, a health discount program that allows 10-25% off services and products to support smoking cessation and to develop a healthy lifestyle."
        },
        {
            "id": "p28.19",
            "order": 19,
            "type": "heading",
            "bbox": {
                "l": 310.8,
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            "text": "Campus Kickoff",
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            "level": 3
        },
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            "id": "p28.20",
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            "bbox": {
                "l": 309.84,
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            },
            "text": "KSU will officially kickoff the tobacco free campus initiative in conjunction with the employee health fair on October 21, 2013 from 10:00 am—4:00 pm in the Carl M. Hill Student Center fourth floor ballroom."
        }
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Page 29

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            "text": "Human Resources",
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            "text": "Services for Employees with Disabilities",
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            "level": 3
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            "id": "p29.5",
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            "bbox": {
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            "text": "Did you know that as many as 15% of adults have some type of disability? Disabilities may be permanent or temporary. They may be mild or debilitating. Because of the range of differences in severity, some individuals with disabilities are able to continue working with no problems arising. In some cases, however, they may need assistance. For employees who have disabilities and need accommodations, Kentucky State University provides support in accordance with the Americans with Disabilities Act (ADA)."
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            "text": "The university assists employees with disabilities whose conditions impact their ability to perform their jobs by providing reasonable accommodations as required by the ADA. Using official documentation from physicians and other health professionals, eligibility for accommodations is determined. The types of accommodations provided to employees are determined based on their individual needs. Examples of common accommodations may include, but are not limited to: temporary reassignment of work duties; assistive technology; training for new responsibilities; job restructuring; providing special seating or desk equipment; and allowing alternate work schedules to allow for doctor appointments or therapy."
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            "text": "The university also provides reasonable accommodations to students and campus visitors with disabilities through the Disability Resource Center (DRC) in room 220 of the Student Center, and the Office of Human Resources in 429 Academic Services Building. Employees, supervisors, and program coordinators who would like more information on services available to individuals with disabilities should contact Corlia Logsdon at 502-597-6863 or corlia.logsdon@kysu.edu. Students with disabilities are invited to contact Kendis Smith in the DRC at 502-597-5076 or Kendis.smith@kysu.edu for information on eligibility, required documentation, and available services."
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            "text": "Classification and Compensation Study",
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            "level": 3
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            "text": "Kentucky State University has contracted with the firm of Fox Lawson & Associates, a division of Gallagher Benefit Services, Inc., to conduct a comprehensive study of the faculty and staff classification and compensation systems. Fox Lawson has been in the compensation consulting practice since 1981 with 90% of their business conducted with public employers and 40% of their business conducted with colleges and universities including HBCUs and land grant institutions."
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            "text": "The project will require the active participation of all faculty and staff and should be completed within ten or eleven months. Formal kick-off, to include a project overview from the consulting firm, is anticipated for December 2013."
        },
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            "text": "The Office of Human Resources will provide project updates through the university's website, this newsletter, as well as the daily Campus Announcements."
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            "text": "Patient Protection and Affordable Health Care Act",
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            "level": 3
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            "text": "In March 2010 President Obama and Congress passed the Patient Protection and Affordable Health Care Act (PPACA or ACA). In compliance with provisions contained in the Act, prior to October 1, 2013 KSU mailed to employee home addresses a mandated notice. The flyer reproduced on the following page, prepared by our broker, Assured NL Insurance Agency, Inc., enhances the information that was contained in the mailed notice."
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            "text": "Another important provision of the act is the requirement that individuals obtain health coverage for themselves and their family members, effective January 1, 2014, or pay a penalty. This requirement is known as the “Individual Mandate.”"
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            "text": "In order to comply with the “Individual Mandate” of the Act, individuals will have four options to obtain coverage: The “Marketplace” (also known as “Exchanges”); Medicaid, CHIP, or other government sponsored program; Employer health plan; Spouse’s employer health plan (if applicable)."
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Page 30

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            "text": "Employer Marketplace Notice\nWHAT IS THIS NOTICE?",
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            "text": "Why am I Receiving this Notice?",
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            "text": "Employers are required to provide a notice to each employee on or before October 1, 2013 which provides basic information about the new Marketplace (also called an Exchange). The Notice provides you with information about your employer-sponsored coverage that will be important if you decide to purchase coverage through the Marketplace. Employers are also required to give all newly hired employees the notice within 14 days of their start date. There are two types of notices: one for employees whose company does offer health insurance coverage and one for employees whose companies do offer coverage."
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            "text": "The Affordable Care Act",
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            "id": "p30.7",
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            "text": "Why Is this Information Important to Me?\nThe Notice will provide you information about:"
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            "type": "list",
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            "children": [
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                    "text": "Open Enrollment dates for purchasing coverage through the Marketplace",
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                    "text": "Financial Assistance available to certain individuals",
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                    "text": "How your employer-sponsored coverage may affect your ability to get a subsidy through the Marketplace",
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                },
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                    "text": "Where to get additional Information about coverage through the Marketplace",
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                    "text": "What Do the Terms \"Minimum Value\" and \"Affordable\" Mean Under this Notice?"
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            "text": "A plan is determined to have Minimum Value if it contains certain essential benefits and/or the plan's share of the total cost of benefits is at least 60%."
        },
        {
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            "type": "text",
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            "text": "A plan is Affordable if the employee's share of the premium cost for single coverage does not exceed 9.5% of the employee's income."
        },
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            "id": "p30.11",
            "order": 16,
            "type": "figure",
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        {
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            "type": "heading",
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            "text": "How Will I Know if I am Eligible for Financial Assistance?",
            "attrs": {
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            "level": 3
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        {
            "id": "p30.13",
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            "text": "First, it is important to understand that if your employer offers coverage to you and your family that is both of minimum value and affordable, you are not eligible for financial assistance (a tax credit or subsidy) through the Marketplace."
        },
        {
            "id": "p30.14",
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            "text": "If your employer offers coverage, you will find the following statement on your Notice:"
        },
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            "text": "If checked, this coverage meets the minimum value standard, and the cost of this coverage to you is intended to be affordable, based on employee wages."
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            "text": "If the box is checked on your Notice, you will likely not qualify for a subsidy for coverage through the Marketplace."
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            "text": "Where Can I Find More Information about the Marketplace In my State?",
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            "text": "If you decide to shop for coverage in the Marketplace, HealthCare.gov will guide you through the process. Click on the \"What Is the Marketplace in my state?\" section. Choose the state in which you are a legal resident from the drop down box. This will tell you where you can go to get more information about your state's Marketplace"
        },
        {
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            "text": "Brought to you by Neace Lukens.\nInformation provided should not be construed as legal advice.\nPlease seek the advice of an attorney or other counsel.\nNEACE LUKENS"
        }
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Page 31

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            "text": "PART B: Information About Health Coverage Offered by Your Employer",
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            "text": "This section contains information about any health coverage offered by your employer. If you decide to complete an application for coverage in the Marketplace, you will be asked to provide this information. This information is numbered to correspond to the Marketplace application."
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                    "text": "3. Employer nameKentucky State University",
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                    "text": "4. Employer Identification Number (EIN)61-1099712",
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                    "text": "5. Employer address400 E Main Street",
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                    "text": "6. Employer phone number502-597-6218",
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                    "text": "7. CityFrankfort",
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                    "text": "8. StateKY",
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                    "text": "9. ZIP code40601",
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                    "text": "10. Who can we contact about employee health coverage at this job?Delores Shirley",
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                    "text": "11. Phone number (if different from above)",
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                    "text": "12. Email addressdelores shiriey@kysu.edu",
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            "text": "Here is some basic Information about health coverage offered by this employer:"
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            "text": "As your employer, we offer a health plan to:"
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                    "text": "All employees.",
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                    "text": "Some employees. Eligible employees are:",
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            "bbox": {
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            "text": "Full-time equivalent employees working at least 100 hours per month."
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            "text": "With respect to dependents"
        },
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            "type": "text",
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            "text": "We do offer coverage. Eligible dependents are:"
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            "text": "Lawful spouse of a subscriber. Dependent child under the age of 26 (newborn, stepchild, legally placed for adoption or legally adopted, child for whom legal guardianship has been awarded, or a child for whom the Subscriber has a legal obligation under a divorce decree or other court order)."
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            "text": "If checked, this coverage meets the minimum value standard, and the cost of this coverage to you is intended to be affordable, based on employee wages."
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            "text": "Even if your employer intends your coverage to be affordable, you may still be eligible for a premium discount through the Marketplace. The Marketplace will use your household income, along with other factors, to determine whether you may be eligible for a premium discount. If, for example, your wages vary from week to week (perhaps you are an hourly employee or you work on a commission basis), if you are newly employed mid year, or if you have other income losses, you may still qualify for a premium discount."
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Page 32

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            "text": "TO: All Kentucky State University Employees\n(Including benefit and non-benefit eligible personnel, student workers and adjuncts)\nFROM: Gary Meiseles\nDirector of Human Resources\nDATE: September 26, 2013\nFROM: Gary Meiseles\nDirector of Human Resources\nDATE: September 26, 2013\nSUBJECT: NEW Health Insurance Marketplace (Exchange) Coverage Options and Your Health Coverage"
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            "text": "The Federal Patient Protection and Affordable Care Act (PPACA), requires that by October 1, 2013, we provide you with the information found in the attached notice."
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            "text": "It is the opinion of our broker, Assured NL Insurance Agency, Inc. that Kentucky State University offers a health plan option that meets the minimum value standard and the cost of this coverage to you is intended to be affordable and that you would not qualify for a subsidy or premium discount."
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            "text": "In 2014, the health care reform law creates a new type of online marketplace for purchasing health insurance coverage. This marketplace is referred to as a Health Insurance Marketplace, or an Exchange."
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            "text": "“Even if your employer intends your coverage to be affordable, you may still be eligible for a premium discount through the Marketplace (Exchange). The Marketplace (Exchange) will use your household income, along with other factors, to determine whether you may be eligible for a premium discount. If, for example, your wages vary from week to week (perhaps you are an hourly employee or you work on a commission basis), if you are newly employed mid-year, or if you have other income losses, you may still qualify for a premium discount.”"
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            "text": "If you purchase coverage through a Marketplace/Exchange, you may be eligible for a federal subsidy that lowers your monthly premiums or reduces your cost sharing. However, to receive these federal savings, you cannot be eligible for health plan coverage through the university that is affordable and provides \"minimum value.\""
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            "text": "The availability of coverage through the Marketplace does not affect your eligibility for coverage through Kentucky State University."
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            "text": "Also, please note that “affordable care” is a term used by the Federal Government and does not reflect the opinion of Kentucky State University as to affordability of the Kentucky State University provided health care insurance program."
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            "text": "Office of Human Resources\n400 E. Main Street\nASB 429\nFrankfort, KY 40601\n(502) 597-6438\nFax: (502) 597-6439\nwww.kysu.edu",
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            "text": "Inspiring Innovation. Growing Leaders. Advocating Kentucky.\nKentucky State University is an equal educational and employment opportunity affirmative institution",
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            "text": "What is the Health Insurance Marketplace?",
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            "text": "The Marketplace is designed to help you find health insurance that meets your needs and fits your budget. The Marketplace offers \"one-stop shopping\" to find and compare private health insurance options. You may also be eligible for a new kind of tax credit that lowers your monthly premium right away. Open enrollment for health insurance coverage through the Marketplace begins in October 2013 for coverage starting as early as January 1, 2014."
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            "text": "Can I Save Money on my Health Insurance Premiums in the Marketplace?",
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            "text": "You may qualify to save money and lower your monthly premium, but only if your employer does not offer coverage, or offers coverage that doesn't meet certain standards. The savings on your premium that you're eligible for depends on your household income."
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        {
            "id": "p33.11",
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            "type": "heading",
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            "text": "Does Employer Health Coverage Affect Eligibility for Premium Savings through the Marketplace?",
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            "text": "Yes. If you have an offer of health coverage from your employer that meets certain standards, you will not be eligible for a tax credit through the Marketplace and may wish to enroll in your employer's health plan. However, you may be eligible for a tax credit that lowers your monthly premium, or a reduction in certain cost-sharing if your employer does not offer coverage to you at all or does not offer coverage that meets certain standards. If the cost of a plan from your employer that would cover you (and not any other members of your family) is more than 9.5% of your household income for the year, or if the coverage your employer provides does not meet the \"minimum value\" standard set by the Affordable Care Act, you may be eligible for a tax credit.¹"
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            "text": "Note: If you purchase a health plan through the Marketplace instead of accepting health coverage offered by your employer, then you may lose the employer contribution (if any) to the employer-offered coverage. Also, this employer contribution -as well as your employee contribution to employer-offered coverage- is often excluded from income for Federal and State income tax purposes. Your payments for coverage through the Marketplace are made on an alter-tax basis."
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            "text": "How Can I Get More Information?",
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            "text": "For more information about your coverage offered by your employer, please check your summary plan description or contact GeneSolv at 1-866-892-2958."
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            "text": "The Marketplace can help you evaluate your coverage options, including your eligibility for coverage through the Marketplace and its cost. Please visit HealthCare.gov for more information, including an online application for health insurance coverage and contact information for a Health Insurance Marketplace in your area."
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            "text": "33",
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            "text": "An employer-sponsored health plan meets the \"minimum value standard\" if the plan's share of the total allowed benefit costs covered by the plan is no less than 60 percent of such costs.",
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Page 34

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            "text": "PART B: Information About Health Coverage Offered by Your Employer",
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            "text": "Lawful spouse of a subscriber. Dependent child under the age of 26 (newborn, stepchild, legally placed for adoption or legally adopted, child for whom legal guardianship has been awarded, or a child for whom the Subscriber has a legal obligation under a divorce decree or other court order)."
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            "text": "☑ It checked, this coverage meets the minimum value standard, and the cost of this coverage to you is intended to be affordable, based on employee wages.\n** Even if your employer intends your coverage to be affordable, you may still be eligible for a premium discount through the Marketplace. The Marketplace will use your household income, along with other factors, to determine whether you may be eligible for a premium discount. If, for example, your wages vary from week to week (perhaps you are an hourly employee or you work on a commission basis), if you are newly employed mid-year, or if you have other income losses, you may still qualify for a premium discount."
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Page 35

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