Annual Enrollment for 2013 Health Benefits

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1 Annual Enrollment for 2013 Health Benefits

2 Highlights Annual enrollment is Nov for 2013 benefits This is the only time you can make changes, except for qualified life events For most TIers, all health and insurance options the same Agenda 2013 changes and your annual enrollment options Important considerations HDHP-HSA: Have you done the math? Compass resource for those in Blue Cross Blue Shield Flexible spending accounts Resources for decisions 2

3 Changes for 2013 Premiums increasing for most medical options, as well as dental and vision Medical Insurance Option Monthly $ Increase (individual family) BCBS High-Deductible Health Plan $3 - $12 BCBS PPO $8 - $38 Cigna Copay Plan $16 - $69 90-day prescriptions available at CVS pharmacies for the same price as mail-order for those in BCBS PPO or HDHP New $0 copay for women s generic contraceptive prescriptions FSA maximum contributions reduced to $2,500 for health care and dental/vision spending accounts Vision: Frames allowance increasing, $115 to $150 (in-network) 3

4 Changes for 2013 (continued) Kaiser HMO So. Calif. and HMO Illinois discontinued due to low number of participants Aetna Health Fund (HRA): Only current enrollees remain eligible (former NSC employees); if you move to other medical coverage, you can not re-enroll in the Aetna Health Fund (HRA) Opposite-gender domestic partners eligible for medical, dental, vision, spouse life insurance, and AD&D Health Savings Account contribution maximums increase HSA contribution max, 2012 (includes TI contribution) HSA contribution max, 2013 (includes TI contribution) Individual Coverage Family Coverage $3,050 $6,150 $3,250 $6,450 Plus $1,000 catch-up contribution if age 55 or older by year-end 4

5 Your health and insurance options Medical options HDHP-HSA -- Blue Cross Blue Shield High-Deductible Health Plan with Fidelity Health Savings Account BCBS PPO CIGNA Copay Plan or a regional HMO, where available Notes: TIers hired after Jan. 1, 2012, must stay in the HDHP-HSA Other health benefits Dental: MetLife Dental (Basic, Plus) or Aetna Dental HMO Vision: VSP Vision Plan and EyeMed discount Other insurance benefits Disability Pay Continuance (DPC) Plus (DPC Basic is paid automatically by TI ) Long-Term Disability (Basic, Plus) Life Insurance (self, spouse, children) Accidental Death & Dismemberment (self, spouse, children) Medical options available to you will display on NetBenefits 5

6 Medical insurance premiums, 2013 Medical Option Monthly Rates Employee Only Employee + Spouse Employee + Child(ren) Employee + Family BCBS - HDHP $18 $53 $41 $77 BCBS - PPO $61 $210 $169 $294 CIGNA Copay Plan $96 $288 $233 $412 Note: These premiums assume you and, if covered, your spouse or domestic partner completed the TI Wellness Assessment. If not completed by Dec. 4, 2012, add $10 per month per person to the prices listed. This could result in a total of $20 more per month if neither of you take the assessment. 6

7 Medical insurance premiums, 2013 Medical Option Monthly Rates HMO Blue New England Kaiser HMO, Northern Calif. Employee Only Employee + Spouse Employee + Child(ren) Employee + Family $171 $409 $300 $532 $108 $215 $206 $298 Optimum Choice HMO $24 $146 $137 $215 Former NSC only Aetna Health Fund (HRA) $26 $77 $60 $111 Note: These premiums assume you and, if covered, your spouse or domestic partner completed the TI Wellness Assessment. If not completed by Dec. 4, 2012, add $10 per month per person to the prices listed. This could result in a total of $20 more per month if neither of you take the assessment. 7

Medical insurance costs PPO and Cigna are the higher cost options for TIers as well as TI Cigna Copay costs 2x the expected cost of the HDHP Total cost to TIers ($$ out of pocket) is much lower in

8 Medical insurance costs PPO and Cigna are the higher cost options for TIers as well as TI Cigna Copay costs 2x the expected cost of the HDHP Total cost to TIers ($$ out of pocket) is much lower in the HDHP $2031 Avg. cost for TIers (premiums + out of pocket) $4537 Avg. costs for TIers (premiums + out of pocket) $4982 Avg. cost for TIers (premiums + out of pocket) Estimated costs, 2012 and

9 Doing the math on the HDHP-HSA Do the Math video 9

10 Keep in mind Cigna Copay is just one example of how your savings might work with the HDHP Compared to the PPO, you d save $2600 a year with the HDHP Remember, the HDHP -- Includes prescription drugs in the annual deductible Has a $1500 deductible for individual coverage, $3000 for other levels of coverage The HDHP deductible doesn t work like the PPO deductible May require more out-of-pocket expense at the beginning of the year, which is why TI provides a contribution to your Fidelity Health Savings Account every January What s right for you? Check comparison scenarios at benefits.ti.com/annualenrollment 10

11 Medical Deductible Blue Cross Blue Shield Blue Cross Blue Shield CIGNA HDHP/Fidelity HSA PPO Copay Plan In-Network In-Network In-Network $1,500 - individual cvrg. $3,000 - other levels cvrg. $300 for each individual $600 for family overall N/A HSA TI Contribution Individual/Family $500/$1,000 N/A N/A Coinsurance/Copay Physician 90% 90% $20 PCP/$40 specialist Hospital 80% 80% $500/admission Out-of-pocket max Individual/Family $3,000/$6,000 $2,500/$5,000 N/A Preventive Services 100% of covered services 100% of covered services $0 copay Prescription Drugs Retail Mail Retail Mail Order Retail Mail Order Deductible Combined w/ medical $0 $0 $0 $0 Generic 75% 80% 75% 80% $15 $40 Preferred brand 60% 65% 60% 65% $30 $85 Out-of-pocket max Individual/Family Combined w/ medical $5,000/$10,000 N/A Specialty pharmacy 90% 90% Flexible Spending Accounts Dental & Vision Dependent Daycare Health Care Dependent Daycare Health Care Dependent Daycare Premiums $18-$77/month $61-$294/month $96-$412/month

12 Plan comparison: Jim Single, mid-20s, good health; experiences illness and a sports injury during the year Preventive Care Health care cost Jim pays under PPO Jim pays under HDHP/HSA Jim pays under Cigna Copay Plan Annual exam, screenings, flu shot $387 $ 0 $ 0 $ 0 Medical & Prescription Drug Expenses Medical visits for illness (primary dr.) Prescription (brand antibiotic) Urgent care clinic visit for injury Subtotal $734 $ 311 $ 347 $ 100 Annual Employee Premium $ 732 $ 216 $1,152 (employee-only coverage) ($61/mo.) ($18/mo.) ($96/mo.) Total Cost to Jim $1,043 $ 563 $1,252 HSA Deposits (annual) By Jim (contributes difference between PPO and HDHP premiums) n/a 516 n/a By TI n/a 500 n/a Total Cost to Jim when using HSA for medical expenses (premiums+hsa contribution) $1,043 $ 732 $1,252 HSA balance/savings at year-end n/a $669 n/a 12

13 What you get with a Health Savings Account 1. TI contribution every January $500 for individual coverage $1,000 for other levels of coverage 2. Easy expense payment with HSA debit card and online Bill Pay 3. Triple tax advantage no taxes on: Money you and TI contribute Money earned on your investments Money spent out of your HSA for qualified expenses 4. Control over your money. Spend it as needed or let it build up to help pay for future health care expenses. 5. No year-end forfeiture. 13

Setting up your HDHP-HSA Follow these steps during annual enrollment, Nov. 6-20 1 Log into netbenefits.com/ti. Click Get Started on the annual enrollment banner. 2 Select HDHP as your medical option.

14 Setting up your HDHP-HSA Follow these steps during annual enrollment, Nov Log into netbenefits.com/ti. Click Get Started on the annual enrollment banner. 2 Select HDHP as your medical option. 3 Elect to participate in the Health Savings Account You must do this so TI can deposit its contribution 4 Click Save Your Benefits A confirmation screen will appear Follow instructions to set up your HSA account 5 Open your HSA Account

16 Save $$$ with Compass For those in the BCBS HDHP or PPO Compass: A health care advocate service for TIers and their families Save money by having Compass: Run cost comparisons Check prices on drugs and services Get estimates on procedures Review bills; select doctors No charge to TIer caitlyng@compassphs.com Go to benefits.ti.com/compass My husband and I were so thankful that TI had signed up to use your service. By the time this procedure is finished, we will have saved over $700 out-ofpocket from the original quote. -- Wife of HVAL engineer $10 gift card The first time you use Compass between Nov. 1, 2012, and May 31, 2013, you ll get a $10 gift card from Compass. 16

Don t forget: Flexible Spending Accounts Save taxes by setting aside pre-tax funds through payroll deduction. Reimburse eligible expenses throughout the year. Must re-enroll each year.

17 Don t forget: Flexible Spending Accounts Save taxes by setting aside pre-tax funds through payroll deduction. Reimburse eligible expenses throughout the year. Must re-enroll each year. Unused funds forfeited at end of year. Health Care Spending Account Qualified health care expenses, including dental and vision Not available for use with the HDHP-HSA 2013: Annual limit is $2500 Dental and Vision Spending Account Available for use with the HDHP-HSA Qualified dental and vision expenses Lets you preserve your HSA funds 2013: Annual limit is $2500 Dependent Daycare Spending Account Applies to daycare expenses if you and your spouse are both employed Annual limit is $

Health & Insurance Benefits Guide Connect booklet in home mail Additional tools on

18 Resources for decisions Go to benefits.ti.com > Health or type annualenrollment in your browser Details on all health benefits 2013 Health & Insurance Benefits Guide Connect booklet in home mail Additional tools on netbenefits.com/ti Plan detail comparison charts Cost comparison charts Find a provider FSA calculator Register your choices on netbenefits.com/ti. 18

TI HR Connect: 888-660-1411 Single toll-free number to access all benefit providers TI Benefits Center, option 1 Representatives can help you with: Questions about

19 TI HR Connect: Single toll-free number to access all benefit providers TI Benefits Center, option 1 Representatives can help you with: Questions about your TI benefits and your 2013 options Questions about using NetBenefits website Mon. Fri., 7:30 a.m. to 7:30 p.m. Central time Requires your Fidelity customer ID and PIN (same as NetBenefits) HR Connect phone menu 1 - TI Benefits Center 2 - Employment verification 3 - HR and Payroll 4 - Report an on-the-job injury 5 - Initiate disability claim for medical, maternity, workers comp or family medical leave 6 - ESPP, stock options or restricted stock units 7 - Employee assistance and other programs 19

Annual Enrollment for 2014 Benefits November 5-19

Annual Enrollment for 2014 Benefits November 5-19 Agenda 2014 changes and your annual enrollment options Important considerations HDHP-HSA: The HDHP is getting even better Benefit changes and premiums