Please read annual enrollment. Important changes are coming to the BP Retiree Medical Plan. October 24 November 4

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Randell Ball
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1 Please read Important changes are coming to the BP Retiree Medical Plan annual enrollment October 24 November 4

2 What s inside? What s changing Compare your new coverage How it works Additional benefits and eligibility Next steps FAQs Helpful resources Important things to know

3 2017 annual enrollment guide 2 Dear BP retiree, After extensive research, we have made the decision to transition our Medicare eligible population from the current self-insured option under the BP Retiree Medical Plan, to a fully-insured Aetna Medicare Advantage option the BP Medicare Advantage PPO ESA beginning January 1, This change gives us the ability to have a more predictable and secure foundation for our retiree medical funding while providing comprehensive benefits and plan enhancements for you and your family. For 2017, your rates will remain the same as 2016 and enhanced benefits will include: Moving from coinsurance to co-pays, with low, predictable copays for many services Same low out-of-pocket maximum Hearing aid reimbursements 100% coverage with no copay for preventive services such as annual wellness, eye and hearing exams and cancer screenings A more streamlined and integrated member experience What s more, the BP Medicare Advantage PPO ESA option, lets you use doctors and hospitals in or out of the Aetna Medicare network, without paying out-of-network costs, as long as they are appropriately licensed and accept Aetna and Medicare patients. It is important to note that this change does not affect your prescription drug coverage, which will remain a Medicare Part D qualified plan administered by Express Scripts. What s next? If you are already enrolled in Medicare Parts A & B and in the BP Retiree Medical Plan, you do not have to take any action. Your coverage will automatically shift to the Aetna Medicare Advantage PPO ESA option on January 1, Not enrolled in Parts A & B? Learn more on page 6. Find out more Please review the enclosed information to learn more and discover resources to help you make a smooth transition. In the upcoming weeks, you will receive an information kit from Aetna detailing how your new medical option will work. BP Benefits

4 3 How your new medical option compares Outlined below is a comparison of key benefits and what you can expect with the new medical option. Additional details will follow soon in Aetna s information kit. Plan details and resources can also be found on the LifeBenefits website (bp.com/lifebenefits). Comparison examples Your current BP Medical Plan The BP Medicare Advantage PPO ESA in 2017 Medical deductible (the amount you pay before plan medical coverage begins) You pay $300/individual (up to a max of $900/family) You pay $300/individual Same low deductible for individuals Family deductible no longer applies Out-of-pocket maximum (includes deductible, and any applicable out-of-pocket expenses for covered services) Lifetime coverage limit $2,000/individual (up to a maximum of $4,000/ family) is the most you d possibly pay in 2017 (the plan would pay 100% after that) $2,000/individual is the most you d possibly pay in 2017 (the plan would pay 100% after that) Continues to protect you financially if you need substantial medical care Family out-of-pocket maximum no longer applies $2,000,000 Unlimited No limit on medical coverage Enhancements Primary/specialist doctor office visit Inpatient hospital stay You pay 20% You pay 20% per stay You pay $15/primary and $30/specialist You pay $200 copay per day, days 1-7 Predictable, lower costs

5 2017 annual enrollment guide 4 Comparison examples Your current BP Medical Plan The BP Medicare Advantage PPO ESA in 2017 Routine physical exams You pay 20% (limited to $300/plan year) Other preventive services Annual eye and hearing exam You pay $0 You pay 20% You pay $0 You pay 20% (limited to $300/plan year) You pay $0 Hearing aids Not included $500 reimbursement every 36 months If covered, you will now get all these services at no additional cost Important extra benefit new with this plan Enhancements Chiropractic services You pay 20% (maximum of 20 visits) You pay 20% (no visit maximum) Covers adjustments only Temporomandibular joint disorder Outpatient private duty nursing You pay 20% Not included No longer available You pay 20% ($50,000 lifetime maximum) Not included Refer to home health and skilled nursing benefits in the Aetna enrollment guide for alternative coverage Changes What is the difference between a copay and coinsurance? A copay is a fixed amount you pay for a health care service, while your medical plan covers the rest of the costs. Copays typically apply after you have met your deductible. Coinsurance is the amount you pay for the cost of a health care service, usually a fixed percentage. Generally this percentage doesn t kick in until after you have paid 100% of your deductible.

5 How your new coverage works Providers and coverage Under the new BP Medicare Advantage PPO ESA option, you will have access to doctors and hospitals in or out of the Aetna

If a provider is out-of-network and not contracted with Medicare, the plan may not cover the cost of services and you may be responsible for payment.

Coverage under the BP Retiree Medical Plan is secondary to Medicare coverage If you are Medicare eligible, your current BP Retiree Medical Plan pays secondary to your Original

6 5 How your new coverage works Providers and coverage Under the new BP Medicare Advantage PPO ESA option, you will have access to doctors and hospitals in or out of the Aetna Medicare network. Chances are your doctors are in-network, or will accept the plan even if they are out-of-network. If a provider is out-of-network and not contracted with Medicare, the plan may not cover the cost of services and you may be responsible for payment. To find out if your doctor accepts the new plan, please contact Aetna Medicare Member Services at Coverage under the BP Retiree Medical Plan is secondary to Medicare coverage If you are Medicare eligible, your current BP Retiree Medical Plan pays secondary to your Original Medicare coverage. By moving to the BP Medicare Advantage PPO ESA option, you ll still have Medicare, but you ll get your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) benefit coverage through Aetna, not Original Medicare. If you are not enrolled in Medicare Part B, follow the steps on the next page to enroll.

7 2017 annual enrollment guide 6 Medicare Parts A & B To be covered by the BP Medicare Advantage PPO ESA, you must be enrolled in both Medicare Part A and Part B. If you are not enrolled in Medicare Part B, you will remain eligible and covered under your current plan option in the BP Retiree Medical Plan for the 2017 plan year. To obtain Part B coverage and become eligible for the enhanced coverage options available under the BP Medicare Advantage PPO ESA, follow the steps below to enroll. Enrollment for Medicare Part B runs from October 15 December 7 Online Phone Social Security at (TTY: ), Monday through Friday, 7 a.m. - 7 p.m. In person Visit your local Social Security office

8 7 Additional benefits and eligibility Prescription Drug There are no substantive changes for Your prescription drug benefit remains administered by Express Scripts (ESI) and they will send further details later this month regarding your 2017 coverage and plan design. Each year, ESI conducts a formulary review of commonly prescribed medications. An updated 2017 formulary will be mailed to your home. You can expect the formulary to change annually as ESI regularly reviews medications to ensure members have access to safe, quality medicines at the best cost. One-time return to the BP Retiree Medical Plan There is no time limit from when you leave the plan to the time you can re-enroll; however, you can only make this change once. You can re-enroll in the plan during annual enrollment or, if and when, you experience a Qualified Status Change. For more information, access the Benefits Handbook tab on LifeBenefits at bp.com/lifebenefits or contact the BP HR & Benefits Center at Group Universal Life insurance rate increases Participants in BP s Group Universal Life insurance (GUL) benefit offered through MetLife will see a 6.5% monthly premium increase, effective January 1, While no action is required on your part, we do encourage you to use the annual enrollment period to assess your life insurance needs and determine if your group life insurance policy still meets your needs. Reminder It is always a good idea to verify your contact information and your beneficiaries. It takes just minutes and ensures your medical coverage still meets your current needs. Log on to the BP HR & Benefits Center today via LifeBenefits (bp.com/lifebenefits).

9 Dependent eligibility To cover a dependent under the BP Medicare Advantage PPO ESA, they must be Medicare eligible and enrolled in Medicare A & B. Dependents that do not meet eligibility criteria for the BP Medicare Advantage PPO ESA will remain covered under the current option in the BP Retiree Medical Plan in Eligible dependents for the BP Medicare Advantage PPO ESA include: Legal spouse Common-law spouse (if you or your common-law spouse reside in a state that recognizes common-law marriages) Eligible dependent child For more information about eligibility and coverage for dependents, contact the BP HR & Benefits Center at

10 9 Next steps No action is required to move to the new option. If you are currently enrolled in the BP Retiree Medical Plan and covered by Medicare Parts A and B, you will automatically be enrolled in the new option during the annual enrollment window October 24 November 4. New ID cards will be issued prior to the plan year beginning on January 1, Not enrolled in Parts A & B? Learn the steps you will need to take on page 6.

11 FAQs?? What if I do not want to enroll in the new plan option? Enrollment in the BP Retiree Medical Plan is voluntary and you may opt-out of coverage by calling the BP HR & Benefits Center at Representatives are available to assist you Monday through Friday, 7 a.m. to 7 p.m. Central time. You will need your BP HR & Benefits Center password.? What if my spouse or I are not currently Medicare eligible? To be enrolled in the new BP Medicare Advantage PPO ESA plan, each covered participant must be enrolled in Medicare by December 31, Here s how it works if either participant is not eligible by the start of the plan year: If the participant becomes eligible for Medicare by December 31, 2018, he/she will remain in the current BP Retiree Medical Plan and the eligible participant will move to the BP Medicare Advantage PPO ESA for the 2017 plan year. If the participant becomes Medicare eligible after December 31, 2018, he/she will be offered the current non-medicare eligible medical options. If no plan election is made, the participant will be automatically enrolled in the HealthPlus option. For more information about plan choices for your family contact the BP HR & Benefits Center at What if my spouse/dependent and I are Medicare eligible, but my spouse does not currently have Medicare Parts A and B? Under the eligibility rules for the BP Retiree Medical Plan, you must be enrolled in Medicare Parts A and B to participate in the BP Medicare Advantage PPO ESA. If one of you is not eligible for Parts A & B, the ineligible participant will continue coverage under the current BP Retiree Medical Plan Option, while the eligible participant moves to the BP Medicare Advantage PPO ESA. If you are currently enrolled in another Medicare Advantage plan, along with the BP Retiree Medical Plan, please note that the new BP Medicare Advantage PPO ESA will replace your current Medicare Advantage plan. For more information, contact the BP HR & Benefits Center at If you have a separate prescription drug plan outside of BP, that coverage will end and you will be automatically enrolled in Express Scripts when you join the BP Medicare Advantage PPO ESA.? 2017 annual enrollment guide 10 Additional FAQs and resources are available on LifeBenefits (bp.com/lifebenefits).

12 11 We know you may have questions Additional details about the BP Medicare Advantage PPO ESA option will be mailed soon from Aetna. We encourage you, your Medicare-eligible dependents, or anyone who helps you with your health care decisions to use the resources below for further support and to discuss any questions. By phone Aetna Medicare Member Services Call: For support with: How the new medical plan option will work Understanding your coverage in the new plan Finding a provider that participates in the network or accepts the plan Hours: Monday through Friday, 7 a.m. to 6 p.m., Central time. BP HR & Benefits Center Call: For support with: Enrollment Eligibility Premiums and payments Non-Medicare eligible member plan options Hours: Monday through Friday, 7 a.m. to 7 p.m., Central time. Online For additional resources and information, log on to LifeBenefits at bp.com/lifebenefits. In-person You will also have an opportunity to join an in-person meeting with fellow BP retirees to learn more about your new medical option. Aetna is hosting in-person meetings throughout the country in several areas with the highest retiree concentration. Additionally you may join a conference call with Aetna representatives who will answer questions, address concerns and provide additional support. Dates, times and registration details for these meetings will be included in the kit you receive from Aetna in the coming weeks.

13 2017 annual enrollment guide 12 What to expect in the coming weeks In the next 1-2 weeks, you will receive additional details from Aetna about the new plan, employee meetings and more.

14 13 Important things to know Free or low-cost health coverage to children and families offered by Medicaid and the Children s Health Insurance Program (CHIP) If you are eligible for health coverage from BP or another employer but are unable to afford the monthly premiums, you may qualify for a premium assistance program that some states offer to help pay for your coverage. These states use funds from their Medicaid or CHIP programs to help people who are eligible for employer-sponsored health coverage but need assistance with paying their health premiums. This typically applies to households with an annual income under $44,700. If you or your dependents are NOT currently enrolled in Medicaid or CHIP, and you think you or any of your dependents might be eligible for either of these programs, contact your state Medicaid or CHIP office, at KIDS-NOW, or go to to find out how to apply. If you qualify, ask the state if it has a program that might help you pay the premiums for an employer-sponsored plan. Special enrollment opportunity If it is determined that you or your dependents are eligible for premium assistance under Medicaid or CHIP, BP is required to allow you and your dependents to enroll in a company-offered plan. To qualify for this special enrollment opportunity, you must be eligible for BP coverage, but not already enrolled. In addition, you must contact the BP HR & Benefits Center and request BP health coverage within 60 days of being determined eligible for Medicaid or CHIP premium assistance. If you enroll timely, Medicaid or CHIP will subsidize, or pay for, a portion of the BP health plan premium cost. For a list of states that participate in premium assistance, go to the plan s summary plan description at bp.com/lifebenefits, which contains state-by-state information and contact numbers. Reconstructive surgery benefits The Women s Health and Cancer Rights Act requires the company to notify plan participants of the reconstructive surgery benefits following a mastectomy. Benefits include coverage for prosthesis; treatment of physical complications of the mastectomy, including lymphedema; all stages of reconstruction for the breast on which the mastectomy was performed; and reconstructive surgery on the non-diseased breast as necessary to produce a symmetrical appearance. Coverage will be provided in a manner determined in consultation with the attending physician and the patient. All benefits will be subject to the applicable deductible, coinsurance and copayments. Special enrollment rights If you lose your group health plan coverage, you may be able to get into another group health plan for which you are eligible (such as a spouse s plan) even if the plan generally does not accept late enrollees if you request enrollment within 30 days. (Additional special enrollment rights are triggered by marriage, birth, adoption and placement for adoption.) Therefore, once your coverage ends, if you are eligible for coverage in another plan (such as a spouse s plan), you should request enrollment as soon as possible.

15 2017 annual enrollment guide 14 HIPAA privacy notice When you enrolled in the BP Retiree Medical Plan, you should have received the plan s Notice of Privacy Practices. Please note: BP regularly updates the Notice of Privacy Practices to include new regulatory changes. To view the Notice, you may request a copy at any time by contacting the BP HR & Benefits Center at or by accessing LifeBenefits at bp.com/lifebenefits. Click Benefits handbook and HIPAA Notice of Privacy Practices under Related links. Imputed income If a dependent or domestic partner you enroll in a BP plan does not also qualify as your dependent for federal income tax purposes, BP must impute income to you on the value of the BP-provided coverage. You re responsible for notifying the BP HR & Benefits Center if your covered dependent does not qualify as your tax dependent, and domestic partners will be presumed to be non-qualified unless you provide evidence to the contrary. This 2017 annual enrollment summary is presented as a matter of information and an expression of management policy. It s not intended to constitute a promise or contractual commitment by the company. The company reserves the right to unilaterally change or terminate any or all of the programs discussed herein, as well as all of its benefit plans and programs, at any time and without prior notice. Also, modifications may be necessary to comply with applicable legal requirements. In the event of any inconsistency between a statement contained in this 2017 annual enrollment summary and the relevant plan document or summary plan description, the plan document or summary plan description will take precedence over the statement in this 2017 annual enrollment summary. Truthfulness of statements All coverage under the BP benefit plans is based on the truthfulness of statements made by you and your dependents. By enrolling, you certify that the information you provide about you and your dependents eligibility to participate in BP benefit plans is true and correct. Any fraudulent statement or withholding of information about you and/or your dependents eligibility may retroactively invalidate coverage and be a violation of the BP Code of Conduct, subjecting you to legal action including termination of coverage and recoupment of benefits paid.

16 PRESORT FIRST-CLASS U.S. POSTAGE PAID N. Houston, TX PERMIT No. 247 BP HR & Benefits Center P.O. Box Charlotte, NC Please read Important changes are coming to the BP Retiree Medical Plan annual enrollment October 24 November 4

LEGAL NOTICES. This publication contains important information about your employee benefit program. Please read thoroughly.

LEGAL NOTICES. This publication contains important information about your employee benefit program. Please read thoroughly. LEGAL NOTICES 2018 This publication contains important information about your employee benefit program. Please read thoroughly. Table of Contents Women s Health and Cancer Rights Act............. 3 Medicare