Your 2011 Benefits Orientation Guide

Transcription

1 Your 2011 Benefits Orientation Guide For Permanent U.S. Full-time Hourly and Salaried Associates

2 Welcome to The Home Depot! We re glad you decided to put on the orange apron and bring your skills and know-how to our Company. When your apron comes off at the end of the work day, your Home Depot benefit plans, programs and services keep working for you to help you live your best possible life what we like to call the Orange Life. Now it s time for you to start enjoying the benefits of your new Orange Life. 4 NEW ASSOCIATE ENROLLMENT MUST-KNOWS 1 You MUST enroll on the Your Benefits Resources Web site or by calling the Benefits Choice Center by your enrollment deadline: For full-time hourly associates: before your 91st day of employment For salaried associates: before your 31st day of employment 2 You MUST actively enroll in Medical, Dental, Vision, Critical Illness Protection Plan and/or the Spending Accounts or you will not have coverage in these plans for the rest of You MUST complete the health assessment to receive the Health Assessment & Hidden Health Risk Screening Credit in You and your spouse (if applicable) must complete the Health Assessment within 15 days of your enrollment deadline or the credit will be stopped. See page 3 for more details. 4 You MUST designate your beneficiary(ies) for your life and AD&D coverage online during your enrollment session. Remember, all full-time hourly and salaried associates have Basic AD&D coverage and must designate a beneficiary for this coverage online. No hablas o lees inglés? Por favor llame al Benefits Choice Center (Centro de Opción de Beneficios) al y diga Estados Unidos para hablar con un representante en español.

3 Your Home Depot Benefits Health Care Benefits Remember: You Must Enroll By Your Enrollment Deadline to Have Medical and Prescription Drug For more information see page 2. Health Assessment & Hidden Health Risk Screening Credit For more information see page 3. Tobacco-Free Credit For more information see page 3. Critical Illness Protection Plan For more information see page 4. Dental For more information see page 4. Vision For more information see page 4. Health Care and Dependent Day Care Spending Accounts For more information see page 4. Other Benefits Short-Term Disability (STD) & Long-Term Disability (LTD) To help provide financial protection if you become disabled and are unable to work because of illness or injury. IMPORTANT: Associates are automatically enrolled into coverage. Full-time hourly associates will have pa ductions begin on your 91st day of employment unless you decline coverage. If you decline, Evidence of Insurability w quired for future enrollments*. Salaried associates are provided Company-paid STD & LTD coverage. Salaried a are defaulted into the LTD Tax on Plan Cost option. This means that the cost of the LTD coverage that the Comp for you will be charged to you as income and you will pay income taxes on the LTD cost. By doing this, if you were a for LTD, then your benefit would be a tax-free benefit. You can change this option during your enrollment session Company-Paid Basic Term Life Insurance The Company provides you with basic life insurance (if you participate in a Company medical plan) Associate and Dependent Voluntary Term Life Insurance You ll have an opportunity to purchase additional life insurance coverage, in multiples of pay, that best meets your need Company-Paid Basic Accidental Death and Dismemberment (AD&D) The Company provides you with basic AD&D insurance. Voluntary Accidental Death and Dismemberment (AD&D) You have an opportunity to purchase additional AD&D coverage, in multiples of pay, that best meets your needs. FutureBuilder 401(k) Savings Plan FutureBuilder can help you save money for your future through convenient payroll deductions. After one year of service (at least 1,000 hours in a 12-month period) you can begin receiving a Company matching contribution. Employee Stock Purchase Plan (ESPP) The ESPP allows you to set aside up to 20% of your eligible pay (subject to certain tax limits) to purchase The Home De MetLaw Legal Services MetLaw provides coverage for legal services, such as wills and estate planning documents and real estate matters at a discounted price. IMPORTANT: To have coverage in 2011 you will need to enroll by your 61st day of employment. Learn about these benefits and more at Best Doctors Program Auto and/or Home/Renters Insurance Paid Time Off CARE/Solutions for Life Yo Tuition Reimbursement Adoption Assistance Associate Discounts Back-up Dependent Care Program Q * Automatic enrollment for full-time hourly associates in short-term disability coverage does not apply to associa

4 Carrier & Additional Contact Information All Contact Information can also be found on Coverage in 2011 NON CALIFORNIA MEDICAL Aetna BCBS Kaiser Permanente Varies by region. Visit PRESCRIPTION DRUG (FOR ENROLLEES IN AETNA & BCBS PPO PLANS) CVS Caremark CALIFORNIA MEDICAL & PRESCRIPTION DRUG Health Net Kaiser Permanente Allstate MetLife EyeMed Vision Care Your Spending Accounts yroll deill be ressociates any pays pproved. Liberty Mutual Minnesota Life s. Minnesota Life Minnesota Life Minnesota Life pot stock. To enroll: www-us.computershare.com/employee Hyatt Legal ur Health Advocate Associate Referral Program Matching Gift Program 529 Savings Tool uit for Life Tobacco Cessation Program Voluntary Pet Insurance tes who live in California, New Jersey and Rhode Island these states have state disability plans.

5 Your Health Care Benefit Biweekly Payroll Deductions for 2011 Your Health Matters! Associate Only Associate + Spouse Associate + Child(ren) Associate + Family Non-CA Full-time Hourly and Salaried Associates Medical & Rx Coverage 1 Medical PPO Plan Options $550 Deductible 2 $92.75 $ $ $ $750 Deductible 2 $80.75 $ $ $ $1,000 Deductible 2 $75.25 $ $ $ Prescription Drug Options (if PPO is elected) Caremark $50 Deductible/Mail Copay $13.25 $27.00 $22.25 $41.75 Caremark $50 Deductible/Coinsurance $9.75 $19.75 $15.75 $31.25 Caremark $100 Deductible/Coinsurance $5.75 $12.25 $8.50 $19.50 Kaiser HMO Plan Options (GA, Northwest, CO, Mid-Atl, OH) Basic HMO $79.25 $ $ $ Standard HMO $98.25 $ $ $ High Deductible Health Plan (HDHP) Options + Health Savings Account (HSA) Aetna HDHP 3 $74.25 $ $ $ California Full-time Hourly and Salaried Associates Medical Coverage 1 HMO Plan Options Health Net Basic HMO $88.00 $ $ $ Kaiser Basic HMO $81.25 $ $ $ Health Net Standard HMO $ $ $ $ Kaiser Standard HMO $92.25 $ $ $ Health Net Salud HMO y más $75.75 $ $ $ Full-time Hourly and Salaried Associates Valuable Healthy Living Credits Tobacco-Free Credit +$ $ $ $20.00 Health Assessment & Hidden Health Risk Screening Credit 4 +$ $ $ $50.00 Full-time Hourly and Salaried Associates Dental & Vision Coverage Dental Options MetLife $500 Annual Maximum $5.52 $11.03 $11.16 $16.75 MetLife $1,000 Annual Maximum $11.50 $23.00 $23.28 $34.92 MetLife $2,000 Annual Maximum $14.26 $28.51 $28.86 $43.30 Vision Options EyeMed Select $120 $2.08 $3.64 $3.78 $6.32 EyeMed Select $150 $4.96 $8.87 $9.30 $ Associates covering 3 or more children under the full-time hourly or salaried Home Depot medical plan will pay an additional $25 per biweekly pay period. 2 A separate prescription drug election is required if you elect a PPO medical option. 3 The Company will match an associate s HSA contribution up to $100 for associate-only coverage (up to $200 if covering dependents). 4 Associate must be covered under a full-time hourly or salaried Home Depot medical plan, complete the Health Assessment, and elect to complete the yearly Screening to receive the Health Assessment & Hidden Health Risk Screening Credit. A covered spouse or same-sex domestic partner will not be required to complete the screening but will be required to complete the Health Assessment to receive the credit. For weekly rates, take the biweekly rates above, multiply by 26, then divide by 52. In some instances your paycheck may not be enough to cover the entire amount of your benefits premiums. In those cases, the amount of the premium above your paycheck is still owed and will be collected from your future paychecks. For all other benefit premiums including the Critical Illness Protection Plan and Spending Account Information, log on to Your Benefits Resources at or call the Benefits Choice Center at The Home Depot is self-insured for most medical plans. This means that the dollars contributed by associates and the Company are used to pay doctors, hospitals and the other facilities for services received by our associates. The best way to slow down the rising cost of health care is for our associates to improve or maintain their health.

6 Resources Available to You Your Benefits Resources Benefits Information Web Site Your Benefits Resources Web Site Resource Details Complete resource for all benefits information: Enrollment Guides Find a Provider Tools/Transition of Care Information Carrier Contact List Communications and Forms Library Benefits Summaries (detailed benefit information) Associate success stories Enroll in, view current elections or make benefit changes/additional transactions: Health & Welfare Benefits FutureBuilder 401(k) ESPP For first time users you will need your last 4 digits of your SSN, date of birth, and ZIP code to begin the log on process. After you enter your personal identification, you will create a user id and password of your choice. You will use these as your log in information going forward. Last, you will choose security questions and answers to use in case you forget your password in the future. Additional resources available here: The Home Depot Associate Discount Site Access to Your Spending Account (Health Care and Dependent Day Care Information) Online Financial Advice Your Total Value 529 Savings Plan And much more! Benefits Choice Center Representatives available to answer all benefit questions or take enrollments if you are not able to enroll online. Your HR Resources HR Web Site Online HR and Payroll transactions (view your pay stub, change your withholdings, change or activate your direct deposit information, view your W-2s and change your mailing address) HR Service Center myTHDHR ( ) Get answers to HR and Payroll questions and complete transactions via phone (pay related information, changes to your record, LOA and HR questions) Associate Advice and Counsel Group (AACG) myTHDHR ( ) The AACG is a team of dedicated Home Depot HR professionals committed to providing fair and impartial help on a variety of issues, including: Resolving associate concerns Providing advice regarding resolutions for workplace concerns Answering questions about Company policy and procedures You can find your New Associate Online Enrollment Guide beginning today on This video-guided resource contains complete details on all of your benefit options, tips on how to choose the options that are best for you and your family s needs and an overview of the enrollment process. Don t forget to enroll by your deadline to have health care coverage through The Home Depot in Full-time hourly associates enroll before your 91st day of employment Salaried associates enroll before your 31st day of employment 1

7 Quick List of Your Health Care Options through The Home Depot Remember, to have health care coverage and to participate in the spending accounts through The Home Depot for the rest of 2011, you must enroll by your enrollment deadline! For complete information on all of the valuable plans, programs and services available exclusively to you as a Home Depot associate, go to Action Needed: You must elect Medical and Prescription Drug coverage by your enrollment deadline to have coverage in Medical Coverage Options All medical plans offer you and your family the power of free in-network preventive care and professional health-improvement programs! Your medical options are: Non-CA Full-time Hourly and Salaried Associates* Medical PPO Plan Options $550 Deductible $750 Deductible $1,000 Deductible High Deductible Health Plan (HDHP) Option $2,000 Associate-only coverage/ $6,000 Associates Covering Dependents Deductible HDHP California Full-time Hourly and Salaried Associates HMO Plan Options Health Net Basic HMO Kaiser Basic HMO Health Net Standard HMO Kaiser Standard HMO Health Net Salud HMO y más * Depending on where you live, you also may have the option to choose a Kaiser Permanente HMO. If these options are available to you, you will see them when you enroll. Prescription Drug Coverage for the $550, $750 and $1,000 Deductible Options If you enroll in the $550, $750 or $1,000 Deductible option, you also choose one of these CVS Caremark prescription drug options (HMO and HDHP participants do not choose a separate prescription drug plan): Caremark $50 Deductible Mail Copay option Caremark $50 Deductible Coinsurance option Caremark $100 Deductible Coinsurance option You pay no deductible when you get generic drugs at an in-network pharmacy or purchase any generic drug through the mail order service. IMPORTANT INFORMATION FOR SALARIED ASSOCIATES: Please go to the medical section of the New Associate Guide on for important information about your medical and prescription drug coverage during your first 90 days. 2

8 Healthy Living Credits HEALTHY LIVING CREDIT GOALS 1 Help you identify your hidden health risks 2 Encourage you to take advantage of the tools and resources available to improve your health 3 Reward your healthy behaviors Overview of 2011 Healthy Living Credits Biweekly Credit Amount Who is Eligible? Tobacco-free Associate: $10 Associate and spouse/domestic Credit Spouse: $10 partner who have been tobaccofree for 6 months or more (or have never used tobacco) and are covered under a Company medical plan If you quit tobacco and qualify for the credit mid-year, you can contact the Benefits Choice Center to begin receiving the credit. Health Associate: $25 Associate and spouse/domestic Assessment & Spouse: $25 partner who enroll in a Company Hidden Health medical plan and complete the health Risk Screening assessment AND the associate agrees Credit during enrollment to participate in the Hidden Health Risk Screening (annually in August) Action Needed! You must elect your healthy living credits by your enrollment deadline. You and your spouse/domestic partner (if covered under a Company medical plan) must complete the health assessment within 15 days of your enrollment to begin receiving your credit(s) as soon as administratively possible. Watch for more information about the hidden health risk screening event to be mailed to your home before the screening event if you elect the credit (the tentative date for the next screening is August). 3

9 Critical Illness Protection Plan The Critical Illness Protection Plan can be purchased in four benefit amount options: $5,000 benefit $10,000 benefit $20,000 benefit $30,000 benefit! Action Needed: You must elect into these other Health Care coverages by your enrollment deadline to have coverage in The plan pays a lump-sum benefit for specific conditions, such as heart attack, stroke, cancer, transplant, Alzheimer s disease and paralysis and benefits for eligible travel, lodging expenses and wellness services. Dental Coverage Each MetLife dental option provides free preventive care until you have reached your annual maximum benefit: MetLife $500 Annual Maximum option MetLife $1,000 Annual Maximum option MetLife $2,000 Annual Maximum option The $500 annual maximum option covers preventive and basic restorative care only. The $1,000 and $2,000 options cover most dental services, including orthodontia. Vision Coverage Each vision option provides free eye exams from EyeMed Select providers, which include independent optometrists and ophthalmologists and the vision care professionals at Sears, LensCrafters, Pearle Vision, Target Optical and JCPenney Optical. EyeMed Select $120 option EyeMed Select $150 option The Health Care and Dependent Day Care Spending Accounts You ll have the opportunity to enroll in spending accounts. There are two types of accounts: Health Care and Dependent Day Care. You may contribute up to $5,000 in a Health Care account and $5,000 in a Dependent Day Care account in Each year during Annual Enrollment, you ll need to make a new election in order to participate for the next year. Spending accounts are a great way to pay for certain qualified expenses with before-tax payroll deductions, reducing your taxable income. You can review a list of eligible expenses on the Your Benefits Resources web site during your enrollment session. 4

10 In the event of a conflict between this guide and the plan documents or policies, the plan documents or policies will govern. The SPD (Benefits Summary) is the primary source of information regarding benefits OG_USFTS