2019 NE UNION OPEN ENROLLMENT INFORMATION SESSION IBEW BENEFITS COE HUMAN RESOURCES SEPTEMBER 2018

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Junior Higgins
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1 2019 NE UNION OPEN ENROLLMENT INFORMATION SESSION IBEW BENEFITS COE HUMAN RESOURCES SEPTEMBER

Agenda Open Enrollment Information New/Changes for 2019 Elections for 2018 Annual Dental Eligibility Plan Designs Weekly Contributions Open Enrollment is October 15 26 During this time you should

2 Agenda Open Enrollment Information New/Changes for 2019 Elections for 2018 Annual Dental Eligibility Plan Designs Weekly Contributions Open Enrollment is October During this time you should review your benefits in order to receive the coverage of your choice next year. See how your benefits are changing, then get ready to enroll at nationalgridbenefitservices.com. Cost Comparison Tools and Resources Questions 2

3 Open Enrollment 2019 October 15 through October 26 (6pm ET) What To Expect In The Mail Personalized Enrollment Worksheets current coverage Open Enrollment Brochure and Plan Comparison Summary of Benefits Coverage (SBC s) To make changes on-line or via phone Phone: Correction window November 14 to November 20 (11:59PM)

4 What s New and Changing for 2019? 4

5 Changes for 2019 Benefit Change What this means Medical The following Point of Service (POS) Plans are frozen for 2019 : Harvard Fallon This Open Enrollment, members may still choose to participate in the POS plan with Harvard Pilgrim or Fallon Community Health Plan for 2019 however, it is the last year this plan will be available. The POS plan will be frozen to new enrollments effective January 1, 2019, and discontinued effective January 1, New hires will not be able to enroll during

6 Changes for 2019 Benefit New Medical BCBS Enhanced Care Management What this means If enrolled in Blue Cross Blue Shield medical plan members now have access to on-demand concierge support to help improve members care and make life easier! Members have one phone number to call for all their health needs. The number on the front of their ID card will allow them to connect with: Registered nurses, Behavioral health case managers, Nutritionists, The BCBS member service team The service is free and can help with appointment scheduling, finding doctors and benefit and claims issues, chronic conditions, behavioral health and more. 6

7 Changes for 2019 Benefit New What this means for you Pharmacy Consumer Driven Health Plan members Members enrolled in the CDHP and that take a specialty medication, CVS/Caremark is developing a Specialty Copay Card Program in Some drug manufacturers offer copay assistance cards to help CDHP members satisfy their deductible and out-ofpocket maximums Currently, copay assistance card dollars paid by the drug manufacturer count toward the deductible and out-of-pocket maximums. With the Specialty Copay Card Program, only the portion that the member pays for the prescription will be credited toward their deductible and out-of-pocket maximum. If members are currently using a copay assistance card they will be contacted by CVS/Caremark 7

8 Changes for 2019 Benefit Change What this means HSA Health Savings Account (HSA) limits increasing The IRS is increasing the amount that CDHP members may save in an HSA. In 2019 the total amount that you and National Grid may contribute to your HSA is: $3,500 for employee only ($3,450) $7,000 if members cover dependents ($6,900) Plus $1,000 to these limits if member is age 55 or older in Note: in 2019 members will receive an upfront contribution to their HSA if enrolled in the CDHP $750 for employee only $1,500 if members cover dependents 8

9 Changes for 2019 Benefit Change What this means for you HCFSA Health Care Flexible Spending Account The amount a member may contribute to their HCFSA in 2019 is increasing to $2,650. ($2,600 in 2018) The HCFSA is a tax-advantaged account available to those enrolled in the PPO or POS plan. 9

10 Changes for 2019 Benefit Change What this means Optional Dependent Life Insurance Dependent Life Insurance rate increase The rates for optional dependent life insurance (spouse and children) through MetLife will increase by 10% in 2019 Example: Age 45 : $50,000 spousal coverage $50,000 / 1,000 = = $ = $8.25 (50,000 /1,000 = 50 x.165 =$8.25) 10

11 Optional Life Insurance Rates Spouse -Life Age Monthly rate/$1,000 Less than 25 $0.050 $ $0.060 $ $0.080 $ $0.090 $ $0.100 $ $0.150 $ $0.230 $ $0.430 $ $0.660 $ $1.270 $ $2.060 $ $2.672 $2.939 Dependent Child Rate $.064 $

12 Changes for 2019 Benefit Change What this means Long Term Disability LTD insurance rate increase The cost of LTD coverage is increasing in Members and National Grid share the cost of LTD Coverage. Company pays 80% of cost members contribution is 20%. New rates and contributions will be shown on the open enrollment website. 12

13 Example 2019 Weekly Premium Calculation Formula: Weekly Salary / $100 x $2.037 (2018) = Weekly 2018 Premium Premium x 20% = Weekly Employee Share Premium x 80% = Weekly Employer Share Example: Weekly salary of $1, ($78,561.60/year) $1, / $100 x $2.815 (2019 rate) = $42.53 Total Weekly Premium $42.53 x 20% = $ 8.51 Weekly Employee Share $42.53 x 80% = $34.02 Weekly Employer Share Weekly employer and employee costs will change as salary changes Compared to 2018 weekly employee share of $6.15 per week 2017 weekly share $

14 Fitness benefit Updated Fitness Form- (see attachment) Fitness reimbursement benefits are considered taxable income. Annually our health care carrier will provide National Grid a file of members that received reimbursement. The amount the member receives will be processed through payroll and taxes will be withheld. 14

15 Enrollment Counts

16 Enrollments as of August 2018 Provider 2017 Total 2018 Enrollment Employee Only Employee +1 Family IBEW BC CDHP BC2NE 87 N/A Fallon Harvard BC-PPO Health NE 29 N/A MVP 8 N/A No Coverage Dental w/ortho Dental NO Ortho N/A No Coverage

17 2018 Miscellaneous Benefit Elections IBEW As of August 2017 Health Savings Account 57 Health Care Flexible Spending Account 55 Dependent Care Flexible Spending Account 9 Enrollments Vacation Purchase day 0 2 days 82 3 days 97 4 days 2 5 days

18 2018 Miscellaneous Benefit Elections IBEW As of August 2017 Hospital Indemnity Plan 23 Accident Insurance 65 Critical Illness Insurance 28 Enrollments These supplemental plans are offered by MetLife- Participants can join during open enrollment. More information about these plans can be found of our NGBenefitsLiveBrighter site. 18

19 Annual Dental Dependent Eligibility Timeline Approx. Date Action 8/23/18 Letters mailed to Participants 9/1-9/21 Verification Period 9/17 Reminder Outreach 10/8 FINAL date 19

20 Annual Dependent Eligibility - Dental As in past years, National Grid has teamed up with HMS Employer Solutions, an independent cost containment firm, to complete the annual Dependent Eligibility Verification Program. The purpose of this program is to ensure that each dependent enrolled in National Grid s dental plan are accurately listed and eligible for coverage. What do you need to know today? Our records indicate that you have one or more dependents age 19, as of 12/31/2018, or older enrolled in National Grid s dental plan. Therefore, you will be receiving a letter addressed to your home from HMS Employer Solutions. The letter details the steps and information required to keep coverage for your enrolled dependents. What documentation will you be required to provide? You will need to provide the Fall 2018 school schedule for your dependents age 19 or older enrolled in your dental plan. You will submit copies of the required documentation directly to HMS Employer Solutions. Please note that the letter from HMS Employer Solutions may not include names of all your enrolled dependents, as this dependent verification is being conducted only for full time students. What will happen if you do not comply with the instructions in the HMS dependent verification letter? It is important that you comply with the information contained in the letter to keep coverage for your enrolled dependents. If you do not comply, National Grid will assume that your dependent(s) is/are not eligible to be covered and will be removed from your dental coverage effective December 31, Should you have any questions, please contact the Services Delivery Center at Thank you for your cooperation in complying with this important initiative. National Grid Services Delivery Center 20

21 PPO and POS 2019 Comparison In-Network BCBS PPO Fallon and Harvard POS Deductible * $250/$500 $250/$500 Out of Pocket Cap $1,900/$3,800 $1,900/$3,800 Co-insurance 95%* 95%* Office visit (PCP/SPC) $30 / $40 $30 / $40 Preventive Care 100% 100% Lab/X-rays & Advanced Imaging 95%* 95%* ER Visit 95%* 95%* Inpatient Hospital 95%* 95%* Prescription Co-pay $10/$35/$60 $10/$35/$60 HSA Employer Seed n/a n/a * Subject to Deductible 21

22 CDHP 2019 Comparison In-Network CDHP 2019 Deductible * $1,550/ $3,100 Out of Pocket Max $2,700/$5,400 Co-insurance 90%* Office visit (PCP/SPC) 90%* Preventive Care 100% Lab/X-rays & Advanced Imaging 90%* ER Visit 90%* Inpatient Hospital 90%* Prescription Co-Insurance 90%* Includes preventive drug list HSA Employer Seed $750/$1,500 * Subject to Deductible 22

23 2019 Weekly Contributions Weekly COST SUMMARY Full-time employee pays per week (includes Trueup) BCBS PPO POS Fallon and Harvard CDHP Employee Employee Family Employee Employee Family Employee Employee Only + One Only + One Only + One Family $31.09 $62.18 $88.70 $34.03 $68.06 $97.08 $15.55 $31.10 $44.36 True Up credit $4.25 $8.49 $12.12 $4.55 $9.09 $12.97 $1.91 $3.83 $5.46 Note:. These costs include prescription drugs. 23

24 2019 CDHP Plan BCBS PPO Comparing The Cost of Each Plan Prior to true up Annual payroll withholding Out of Pocket Maximum Cap HSA Seed Total MAXIMUM Annual Out of Pocket Costs Individual Family $908 $2,590 $2,700 $5,400 ($750) ($1,500) $2,858 $6,490 In Network Savings when you enroll in the CDHP Individual $1,837 $1,900 n/a $3,737 $879 Family $5,242 $3,800 n/a $9,042 $2,552 BCBS POS Individual $2,005 $1,900 n/a $3,905 $1,047 Family $5,722 $3,800 n/a $9,522 $3,032 24

25 Comparing The Cost of Each Plan Updated to include 2-Person & Net of True Up 2019 Annual payroll withholding Out of Pocket Maximum Cap HSA Seed Total MAXIMUM Annual Out of Pocket Costs CDHP Plan Individual $809 $2,700 ($750) $2,759 2-Person $1,617 $5,400 ($1,500) $5,517 Family $2,307 $5,400 ($1,500) $6,207 In Network Savings when you enroll in the CDHP Individual $1,617 $1,900 n/a $3,517 $758 BCBS PPO 2-Person $3,233 $3,800 n/a $7,023 $1,506 Family $4,612 $3,800 n/a $8,412 $2,205 Individual $1,770 $1,900 n/a $3,670 $911 BCBS POS 2-Person $3,539 $3,800 n/a $7,339 $1,822 Family $5,048 $3,800 n/a $8,848 $2,641 25

26 Tools and Resources 26

27 NGBenefitsLiveBrighter.com Easy to identify Live Brighter brand Single stop for Open Enrollment and benefits information Interactive tools to help you make informed benefits decisions Mobile-friendly platform that can be accessed on desktop and mobile devices 27

28 Tools and Resources Choosing the right plans matters to your health and your financial wellbeing. Members have the ability to use the resources found on our Live Brighter micro-site to be a better consumer. Our site includes information on all our benefit plans (medical, dental, prescription drugs, telehealth, health savings accounts, flexible spending accounts, voluntary plans, and more- plus links to our providers and decision support tools. New Life Happens qualified life events Interactive tools and resources are available through NGBenefitsLiveBrighter.com 28

29 Open Enrollment 2019 October 15 through October 26 (6pm ET) To Learn more about your options: Visit What to expect in the mail Personalized Enrollment Worksheets current coverage Open Enrollment Guide and Plan Comparison Summary of Benefits Coverage (SBC s) To make changes on-line or via phone Correction window November 14 to November 20 (11:59PM) 29

30 Management Programs for 2019 InfoArmor Identity theft protection plan Pets Best- Pet Insurance Transform Diabetes Care Program (partnership with CVS/Livongo) Ovia Health and BCBS personalized online maternity/family benefits program. Enhanced Care Management with BCBS Specialty Copay Card Program for CDHP members Introduced Spring 2018: Bright Horizons- (Daycare resources, backup care) Tuition IO (Student Loan Repayment program) 30

31 Questions? 31

Pathways VILLANOVA UNIVERSITY Benefits Open Enrollment Guide

Pathways VILLANOVA UNIVERSITY Benefits Open Enrollment Guide 2016-2017 Pathways 2015-2016 VILLANOVA UNIVERSITY Benefits Open Enrollment Guide HUMAN RESOURCES April 18 April 29, 2016 A Letter from the Senior Director of Benefits, Compensation and Employment Dear