2013 Employee Benefits Open Enrollment November 19 – December 3, 2012 Agenda • Open Enrollment Basics • Health Care Reform – How It Impacts You In 2013 • 2013 Employee Contribution Limits • Salient Benefits • Benefits Insurance Providers, Medical, Dental, Vision • FSA/HSA/HRA • Disability • How to Make Open Enrollment Elections • Additional Salient Programs Offered • Contacts/Questions Open Enrollment Basics • Open Enrollment begins November 19 and ends December 3 • Only time during the year you can make changes unless you have an IRS qualifying event • Detailed information is being mailed to your home address • Your current Insurance elections will automatically roll-over unless you make a change, excluding Flexible Spending Accounts (Health-Care and Dependent Care). You must re-enroll, if you are interested in participating in the FSA program in 2013. • Changes must be made through the NuView system. • Forms, information and current benefit elections are available via NuView. https://hr.salientfed.com/ Health Care Reform – How It Impacts You In 2013 • The Patient Protection and Affordable Care Act (PPACA) requires Salient to make the following changes: • Maximum limit on Health Care Flexible Spending Accounts capped at $2,500, for 2013. • 2012 W-2’s will display the value of your health insurance benefits. • A mandatory Summary of Benefits and Coverage (SBC) will be distributed for Medical and Rx prior to 2013 Open Enrollment. • Mandatory Legal Notices (e.g. Employee Notice of Exchange) will be sent out by March 31, 2013. 2013 Employee Contribution Limits Contribution Type Annual Limit for 2013 401(k) $17,500 401(k) Age 50+ $17,500 + $5,500 Catch-up Healthcare Flexible Spending Account* $2,500 Limited Purpose Flexible Spending Account* $2,500 Dependent Care Flexible Spending Account* $5,000 Health Savings Account*: Participation in Wellness Program Employee Only: $2,312.50 Family (2 or more): $4,575 Health Savings Account*: Non-Participation in Wellness Program Employee Only: $2,500 Family (2 or more): $4,950 *You must make your contribution election in NuView during Open Enrollment if you want to contribute to any of these accounts. Benefits Insurance Providers Our Medical Plan Dares to Be Different • Optimizes both employer and employee costs today and into the future • Helps to mitigate medical cost escalation • Tax optimization • Retiree health savings Different Level of Engagement is Required Retiree Health – What’s Ahead for You? • How will you pay for medical expenses in retirement? • Continue to work? • Medicare? • It’s never to early to begin planning! In Sickness • Absolute out-of-pocket maximum per year • Drugs and medical expenses combined • Health Savings Account to offset deductible and coinsurance expenses • Best in class medical and Rx providers • Freedom to choose network or nonnetwork providers And In Health • Superb insurance coverage at affordable premium rates • 100% preventive care benefit for whole family • Absolute yearly out-of-pocket maximum costs • Employer provider Health Savings Account that is always yours – now and into the future CIGNA Consumer Driven Plan (CDHP) Plan Option 1: Higher Premium/Lower Deductible • Salient Contributions to HSA Plan Option 2: Lower Premium/Higher Deductible • – Employee Only: $187.50 quarterly funded (up to $750) – Employee + 1 or more: $375.00 quarterly funded (up to $1500) • – Employee Only: $187.50 quarterly funded (up to $750) – Employee + 1 or more: $375.00 quarterly funded (up to $1500) • Annual Deductible – In-Network: Employee $1,500; Family $3,000 – Out-of-Network: Employee $3,000; Family $6,000 • Coinsurance (You pay) • • • • – In-Network: 10% (Plan pays 90%) – Out-of-Network: 30% (Plan pays 70%) Preventive Care covered at 100% Preventive Prescription Drugs at 100% No copayments, no office visit referrals Administered: Cigna Choice Fund Salient Contributions to HSA Annual Deductible – In-Network: Employee $2,000; Family $4,000 – Out-of-Network: Employee $4,000; Family $8,000 • Coinsurance (You pay) • • • • – In-Network: 10% (Plan pays 90%) – Out-of-Network: 30% (Plan pays 70%) Preventive Care covered at 100% Preventive Prescription Drugs at 100% No copayments, no office visit referrals Administered: Cigna Choice Fund Prescription Drug Coverage provided by Medco Rx Be an Informed Consumer Tools Tips • Provider and facility quality designation • Generalist vs. specialist • Condition management database • Consider generic drugs • Use network provider • Health coaches • Mail order drugs for routine medications • Estimate health care expenses • Obtain your preventive care! • Find a provider Health Savings Accounts • Must not be covered under any other health insurance plan (spouse/partner, VA, Tricare, COBRA, retiree plan, Medicare, etc.) • Triple Tax Protected • Portable • Can be used for medical, Rx, dental and vision expenses • May be combined with a Limited Purpose FSA for additional tax savings HSA Qualified Expenses What expenses can be paid by an HSA? Your HSA covers a wide variety of medical expenses. These medical expenses must be necessary for the treatment or alleviation of a specific illness or injury. They may include hospital or clinic services, prescription drugs and medications, certain over-the-counter drugs, and many other health related expenses as defined by Section 213(d) of the Internal Revenue Code. Medical expenses covered under the HSA can include expenses that are not covered under the high deductible health plan such as chiropractic, dental, orthodontia, or vision expenses. For more information about eligible expenses, please consult Publication 502 available at your local IRS office or from the IRS website: www.irs.qov. Your HSA can also be used to pay premiums for COBRA, Medicare, long-term care insurance (federal limits apply), and health plan coverage you may have while receiving unemployment compensation. The following are examples of qualified medical expenses: Acupuncture Alcoholism Treatment Ambulance Artificial Limbs/Teeth Aspirin Bandages Birth Control Pills Blood Pressure Monitoring Devices Blood Sugar Test Kit Body Scan Chelation (EDTA) Therapy Chiropractors Circumcision Copays/Deductibles Condoms Contact Lenses/Related Material Contraceptives Counseling (excludes marriage) Crutches Dental Treatment Dentures Diabetic Supplies Diagnostic Services Drug Treatment Drugs/Medicines Egg Donor Fees Eye Exams/Glasses Fertility Treatment Flu Shots Glucose Monitoring Devices Guide Dog Hearing Aids Home Care Hormone Replacement Therapy Hospital Services Immunizations lnclinator Insulin Laboratory Fees Laser Eye Surgery Learning Disability Medical Records Charge Medical Services Medications/Drugs Nursing Services Obstetrical Expenses Occlusal Guards Operations Optometrist Organ Donors Orthodontia Osteopath Over-the-counter Drugs/Medicines Ovulation Monitor Oxygen Physical Exams Physical Therapy Pregnancy Test Prescription Drugs Prosthesis Psychiatric Care Psychoanalysis Psychologist Reading Glasses Screening Tests Sleep Deprivation Treatment Smoking Cessation Programs Sterilization Procedures Supplies for Medical Condition Surgery Therapy Transplants Vaccines Vasectomy Vision Correction Procedures Wheelchair X-Ray Fees Pharmacy: Express Scripts/Medco • Prescriptions are part of the high deductible plan • Preventive drugs are not subject to the deductible • All other drugs are subject to deductible and out of pocket limits • Very large national network of pharmacies • Once deductible is met (e.g. $1,500 for employee only or $3,000 for family) employee pays 20% of cost up to max. per below Retail Prescription Mail Order Prescription Generic Max of $30 Generic Max of $75 Formulary Max of $60 Formulary Max of $150 Non-Formulary Max of $100 Non-Formulary Max of $250 Don’t Forget • If you have two or more members covered on your medical plan, you must satisfy the entire family deductible before Cigna begins to pay for qualified expenses • Prescription drugs are part of your high deductible plan. That means that you have to satisfy your deductible before eligible drugs are paid for • Preventive care without a medical diagnosis is free and not subject to the deductible • Your contributions to your Health Savings Account may be changed throughout the year. You may also front load your contributions • You may be able to pay yourself back with your Health Savings Account for expenses you had to pay for out of pocket before you accrued sufficient funds in your account TRICARE Supplement • If you are enrolled in DEERS and TRICARE, you may elect to participate in the TRICARE Supplement on a pre-tax basis • Supplement provides coverage for out-of-pocket expenses associated with TRICARE Prime or Standard or Extra coverage • For more information please visit: http://www.asicorporation.com/faq_corporate.html • You may supplement TRICARE through Salient’ s CIGNA high deductible health plan • No HSA, but can have a HRA (Health Reimbursement Account) with a company contribution • May elect to have a FSA to pay for additional medical, dental or vision expenses UCCI PPO Dental Plan • Strong network for military and Federal Government locations • Annual Deductible: o Individual $50 o Family $150 • Preventive Services: 100% (included cleaning, exams, x-rays) • Basic Services: 80% • Major Services: 50% • Orthodontia: 50%, up to lifetime maximum of $2,000 Vision Service Plan (VSP) • Employee paid vision plan, offered through VSP • Largest vision network in the nation • Benefits from a VSP Participating Provider: • Routine Vision Exams: $10 copay, every 12 months • Lenses: $25 copay, every 12 months • Frames: $25 copay, every 24 months • Contact Lens (in lieu of frames and spectacle lenses): No copay, every 12 months • Reimbursable benefits vary for non-participating providers Note: VSP guarantees service from VSP doctors only. When you see a VSP providers, you’ll get the most out of your benefit and have a lower out-ofpocket cost. Benefit Accounts Health-Savings Account (HSA) Limited Purpose Flexible Spending Account (LFSA) Health Care Flexible Spending Account (HCFSA) Health Reimbursement Account (HRA) Dependent Care Flexible Spending Account (DCFSA) ER Contributes: Wellness Program Participants $937.50/$1,875 OR Non-Wellness Program Participants $750/$1,500 ER: No Contribution ER: No Contribution ER: No Contribution 100% EE contribution 100% EE contribution ER: Reimburses expenses up to $750/$1,500 EE: Doesn’t have an option to contribute $2,500.00 pre-tax limit $2,500.00 pre-tax limit $750/1,500.00 per the plan document $5,000.00 pre-tax (current ATSC elections will remain) Rollover unused funds to the next year/Portable Use or lose/not portable Use or lose/not portable Rollover unused funds to the next year/not portable Use or lose/not portable Can be used for medical, dental and vision expenses If enrolled in a HSA plan: used for dental and vision expenses only Can be used for medical, dental and vision expenses Can be used for medical, dental and vision expenses Day-care/ Summer-camp/ After-school program Enrolled in CIGNA (domestic) w/no other coverage Enrolled in company HSA Not enrolled in company HSA Enrolled in CIGNA (domestic) w/additional health coverage outside of Salient N/A 100% EE contribution EE Contributes (optional): Wellness Program Participants $2,312.50/$4,575 OR Non-Wellness Program Participants $2,500/$4,950 ER Contributes: Wellness Program Participants $937.50/$1,875 OR Non-Wellness Program Participants $750/$1,500 EE Contributes (optional): Wellness Program Participants $2,312.50/$4,575 OR Non-Wellness Program Participants $2,500/$4,950 All of these accounts are subject to IRS rules and regulations. This chart is intended for summary purposes only. MetLife Life and Disability Plans • Basic Life insurance: 1 x Base Salary, up to $100k (Salient paid - Core Benefit) • Basic AD&D insurance: 1 x Base Salary, up to $100k (Salient paid - Core Benefit) • Supplemental Life insurance coverage: (100% Employee paid) • Employee coverage of $160,000 Guarantee Issue; up to 5x your annual salary, up to maximum of $500,000 • Spouse coverage of $25,000 and Child(ren) coverage of $10,000 Guarantee Issue (Note: Prior approval by MetLife is needed for coverage above the guaranteed issue limits.) • Voluntary Short-Term Disability (100% employee paid; post-tax) • 60% of salary, capped at $2,500 weekly maximum benefit • Core Long-Term Disability (100% Salient paid- Core Benefit; post or pre-tax) • 40% of salary; LTD coverage capped at $10,000 monthly maximum benefit • No Action Needed! As a Salient employee, you are automatically covered under the core LTD plan, provided you remain eligible for benefit. • Buy-up Long-Term Disability (100% employee paid; post or pre-tax) • Additional 20% of LTD coverage is available to you, total benefit of 60% of LTD coverage How to Make Open Enrollment Elections NuView Enrollment • To make your Open Enrollment elections you will need to log into NuView at https://hr.salientfed.com • You will be able to view/update the following: • Update/review your home address and demographic information • Add covered dependents, beneficiaries and emergency contacts • Make your 2013 benefit elections • Enroll in HealthCare and Dependent Care FSAs • Enroll in Supplemental Life plan elections • Make sure to print a copy of your 2013 benefit elections! • Retain your copy as proof of enrollment. Launching the Open Enrollment Wizard • When you login to NuView you will see the Things To Do panel in the middle of the Home Page. There you will find the Benefit Open Enrollment link. This will launch the Wizard that will walk you through the enrollment process. Address & Demographic Updates • As part of the Open Enrollment Wizard you will be given the opportunity to update your Address and Demographic information. • Please note that these data items are not immediately updated in the system. There is an HR approval process that takes place to update the data so you will not see the updated information reflected until then. Make Your 2013 Benefit Elections • On the Benefit Election page you will see most of the benefits plans that you are eligible to participate in. The Chosen flag will appear for those plans that you are currently enrolled in as all elections will carry over with the exception of the FSA HealthCare and Dependent Care plans as you must re-elect those each year. FSA Elections • You must elect the benefit plan and then enter the annual goal on the next page (Benefit Details) in the Wizard. Supplemental Life Insurance Coverage Amounts • If you enroll in or modify your current Supplemental Life Insurance plan(s) you should check your coverage amounts to make sure they meet your needs as well as make any updates to your beneficiaries. • You must elect the benefit plan(s) and then enter the insurance coverage amount, dependents covered and beneficiary elections on the next page (Benefit Details) in the Wizard. Work-Life Benefits 401(k) Diversified Investments • Eligibility • Must be age 21 or older and meet the 30 day waiting period • Participation begins on the first of the month following a 30-day waiting period • TO ENROLL: Contact Diversified Investment at 800-755-5801 or enroll online at www.divinvest.com • Automatic Enrollment • Automatically enrolled at a 3% contribution rate • o Will automatically increase every January by 1% until 6% is reached o Funds are invested in one of our T. Rowe Price Target Date Funds o You can opt out of the automatic enrollment through logging into www.divinvest.com Maximum Annual IRS 401k Contribution Limit • $17,500 • $5,500 Catch-up Contribution (Employees who will reach age 50 before the end of the calendar end year and employees over the age of 50) • Elective Deferral Amount (Pre-tax or Roth) • 0% - 100% of pre-tax payroll deductions, up to IRA allowable annual amount • 32 investment fund options to choose from • Employer Match • $0.50 per $1.00, up to 6% • Administered: Diversified Investment Advisors Building Your Retirement Account • The convenience and automated features offered by Salient’ s 401(k) plan make it easier for you to save -- you may hardly miss the additional savings going toward your future • By saving your own money, you build a larger retirement account, you receive the company’s matching contribution and you save Federal, State and FICA taxes WageWorks Commuter Benefits • Pay for your commuting expenses with pre-tax contributions • There’s no annual enrollment period, so you can enroll anytime! • Change your contribution to your transit and/or parking account(s) on a monthly basis. • Unlike other pre-tax programs, no need to worry about spending your account balance by the end of the year. • No worries about forfeitures! Any leftover dollars are automatically rolled over into the next plan year for your use. • Qualified Commuting Expenses – tax free! • Transit and vanpool expenses up to $125 per month ($1,500 per year) and • Qualified parking expenses up to $240 per month ($2,880 per year) CIGNA Employee Assistance Program (EAP)Core Benefit Provided by Salient at no additional cost to you CIGNA EAP program is designed to help you find solutions for everyday challenges of work and home, as well as for more serious issues involving your emotional and physical well-being • Personal Relationship Management • Child/Eldercare Referrals • Financial Planning Management • Stress Management • Career Management/Development • Online Health Tools • Legal Consultation with Licensed Attorneys To take advantage of this benefit, call 1.877.622.4327 or Log on to www.cignabehavioral.com and enter the Employer ID: Salient Wellness Pays! • Salient is committed to providing comprehensive, affordable benefits and helping sustain and improve the overall health and well-being or you and your family. Salient Wellness is designed to fit into your everyday schedule and lifestyle. www.salientfed.limeade.com LevelPoints Tasks/Challenges Awards Per Individual (Employee or Spouse/Partner) Level 1 1500 Points Level 22500 Points Level 33500 Points 1. Complete the Health Risk Assessment 2.Annual Physical – Health Wellness Slice •HSA/HRA Contribution: $187.50 1. Satisfy goals from Level 1 2. Selection from Health Wellness Slice 3. At least one additional participation in other slices •CIGNA Participants and Non-CIGNA Participants: $25 AMEX Gift or donate the $25 to charity 1. Satisfy goals from Level 1 and Level 2 2. Selection from Health Wellness Slice 3. At least one additional participation in other slices •CIGNA Participants and Non-CIGNA Participants: $25 AMEX Gift or donate the $25 to charity •Non-CIGNA Participants: $25 AMEX Gift Card or donate the $25 to charity Motivano Discounts • Effective: January 1, 2013 • Motivano offers Salient employees access to exclusive discounts from thousands of top brands. • Apparel (e.g. Aeropostale, Banana Republic, Eddie Bauer, DSW, etc.) • Beauty & Fragrance (e.g. Sephora, Elizabeth Arden, Walgreens, etc.) • Computers & Electronics (e.g. Dell, Apple, TurboTax, Sony, etc.) • Health & Wellness (e.g. Camping World, Gold’s Gym, GNC, WeightWatchers, etc.) • Automotive (e.g. Advance Auto Parts, Avis Rental Cars, Liberty Mutual, etc.) • Home, Garden, Pets (e.g. Pet Insurance, Home Insurance, Brookstone, Ace Hardware, etc.) • New discounts are added daily. • Allows you to save on everyday purchases. • Also offers live customer care support. • For more information please visit http://www.salientfed.com/benefits-2/ Employee Leisure Discount Programs Tickets-at-Work Discounts • Employees can take advantage of discounts and special offers to popular theme parks and entertainment attractions nationwide. Discounts are available for Walt Disney World Resort, Universal Studios, SeaWorld, Six Flags, Cirque du Soleil, Las Vegas and New York City performances, movie tickets and much more! • Company Code: Salient Coming Soon in 2013! • Early in 2013, Salient will introduce its new Voluntary Benefits program • Supplemental Term Life Insurance: MetLife Proudly introducing our new Benefits Partner • Supplemental Accidental Death & Dismemberment Insurance: MetLife • Critical Illness Insurance: Unum • Accident Insurance: Unum *Pet, Home and Auto Insurance may be purchased at a discounted rate via Motivano Support for Open Enrollment • Insurance Provider Support: • Detailed questions regarding type of coverage or level of coverage may be best directed to the insurance provider • Refer to Insurer Contact information chart • Salient Human Resources Support: • Questions on how to enroll online • Open Enrollment Hotline Number: 800-823-7290 • 7:00 A.M. EST to 7:00 P.M. PST • E-mail: [email protected] • NuView Support: [email protected] Get Engaged Subject Date Time Webinar Link OE Presentation 11/05/2012 1 – 2 p.m. EST https://meetlync.com/salientfed1/dee.bailey3413M919 OE Presentation 11/07/2012 1 – 2 p.m. EST https://meetlync.com/salientfed1/dee.baileyMPSGC5ZW OE Presentation 11/7/2012 8 – 9 p.m. EST https://meetlync.com/salientfed1/dee.bailey7RCZ0DSV OE Presentation 11/9/2012 1 – 2 p.m. EST https://meetlync.com/salientfed1/dee.bailey69771G5V Cigna Town Hall Meeting 11/16/2012 1:30 – 2:30 p.m. EST https://meetlync.com/salientfed1/dee.bailey73S7GJM9 Cigna: Are You Leaving Money on the Table 11/20/2012 1:30 – 2:30 p.m. EST https://meetlync.com/salientfed1/dee.baileyG66N7K1Y Instruction for calling into sessions: Dial 1-866-8662244; Participant Code 7186308# Slides will be available to download at least 24 hours prior to the presentation – http://www.salientfed.com/benefits-2 Bottom Line Must Do: Should Do: • Read your Open Enrollment materials thoroughly • Review your medical and Rx expenses and determine if you need to change your HSA contribution • If you want a Healthcare or Dependent Flexible Spending Account, you must make your election during Open Enrollment • Review covered dependents and update enrollment records Vendor Contact Information Insurance Provider Customer Service Web Address Medical – CIGNA Healthcare 800-401-4041 www.mycignaplans.com Rx – Express Scripts/Medco 800-711-0917 www.express-scripts.com Dental – United Concordia (UCCI) 800-332-0366 www.ucci.com Vision – VSP 800-877-7195 www.vsp.com Tricare Supplement – ASI Corporation (administrator) 800-950-0105 www.asicorptricaresupp.com FSA Accounts – WageWorks 800-950-01015 www.wageworks.com 401(k) – Diversified Investment Advisors 800-755-5801 www.divinvest.com FINAL QUESTIONS?