John Deere and You: 2018 Annual Benefits Enrollment. For Salaried Employees

Transcription

1 John Deere and You: 2018 Annual Benefits Enrollment For Salaried Employees

2 The Healthy Directions program provides comprehensive, valuable, and affordable benefits to help you and your family live well. When comparing health plans of similar companies, Healthy Directions consistently ranks as one of the best. Together, we have maintained this program through the shared responsibility of managing health care costs. John Deere does its part by offering a variety of health, wealth, and lifestyle benefits. You do your part by making wise health and health care decisions. Benefits Enrollment is October 2 13, There are important items to consider when making your 2018 elections: If you currently have medical and/or dental coverage through John Deere, no action is required to continue your current medical and/or dental elections for If you maintain a Health Savings Account (HSA) and/or Flexible Spending Account (FSA), you must elect contributions for 2018; your current HSA and/or FSA elections will not carry over to

3 Step-by-Step: 2018 Annual Benefits Enrollment Below is a list of step-by-step instructions for making the most of annual benefits enrollment. Step Action 1. Understand your benefit options for Read this guide and review the FAQs on page Determine the coverage tier that s right for you. 3. Estimate the cost of your health care expenses for the coming year. 4. Think about which health care and dental benefit plan options are right for you (or you can opt out of coverage if you have it elsewhere). 5. Decide how much you want to contribute to your HSA, if eligible. Think about who you want to cover (Employee Only; Employee and Spouse; Employee and Child(ren); Employee, Spouse, and Child(ren)). See page 5. Go to myuhc.com to view your past year s claims to see what you spent on health care services. You can also call myhealth at for help. See the Health Plan Selection Guide on page 4. Your 2017 HSA election will not carry over into If you are opening an HSA for the first time or making elections for 2018, you will do so through Fidelity, our HSA administrator. Deere Direct does not manage HSA elections. See pages 7-8. Fidelity offers an online modeling tool to help you decide how much to contribute to your HSA. 6. Decide if you want to contribute to a Limited Purpose Health Care FSA or Dependent Care FSA. See page 8 for more details on these accounts. Medical Call Deere Direct at if you want to change your health care plan or covered dependents for If you want to keep your current benefits, you do not need to call. 7. Congratulations, you are ready to make your elections! 8. Double-check your annual benefits enrollment confirmation letter. Dental Call Deere Direct at if you want to enroll or opt out of dental benefits for If you want to keep your current benefits, you do not need to call. HSA Go to netbenefits.com or call Fidelity at to make your HSA elections. If you do not complete this step, your contribution for 2018 will be $0. FSA Call Deere Direct at if you want to contribute to an FSA. If you do not complete this step, your contribution for 2018 will be $0. If you don t want to contribute, you do not need to call. If you make changes during the annual benefits enrollment period, we will mail you a confirmation letter of your 2018 election changes in November. Please make sure you review the letter. If any information is incorrect, contact Deere Direct at Reminder! You may be required by Deere Direct to submit eligibility verification documents (like birth certificates or a marriage license) if you have not done so previously. 2

4 Health The health benefits John Deere offers through Healthy Directions deliver exceptional value to help you and your family satisfy your health care needs. Healthy Directions: How We Stack Up Aon Hewitt, a global consulting firm, conducts an independent analysis of benefits programs. John Deere uses this analysis to benchmark our benefits with similarly-situated companies. The average value of all benefit plans offered by each employer is compared and ranked in a Benefit Index. The results of this comparison show Healthy Directions is in the top twenty-five percent of health benefits offered when considering employee premium contributions, point-of-care costs, and company-provided funds. Who We re Compared To 3M Arconic Boeing Caterpillar Cummins Honeywell Illinois Tool Works Johnson Controls and others... How We Compare Among the most affordable employee premium contributions Among the lowest out-of-pocket maximum Higher deductible, yet other companies continue to remove plans with lower deductibles The most you would pay for Employee Only coverage is 45% below median cost at other companies* (35% below for Family coverage) Higher than average company HSA contributions *The most you would pay includes employee premium contributions minus HSA contributions from Deere plus out-of-pocket claims costs Highlights Employee Premium Contribution: There is no increase to your employee premium contribution. Maximum Out-of-Pocket Expense: This will increase for both health plans. This is the maximum amount you would pay for covered medical benefits in the year, including the deductible and coinsurance but excluding the employee premium contribution. Employee Deductible and Coinsurance: There are no increases for This is what you pay for non-preventive covered benefits before insurance pays. 3

5 Key Features of and MAX Employee premium contribution amounts MAX has lower employee premium contributions Deductible and maxiumum out-of-pocket amounts MAX has a higher deductible and a higher maximum out-of-pocket cost limit Coinsurance MAX has a lower coinsurance rate Cost of health care benefits John Deere pays a significant portion of the cost for your health care benefits Preventive care at 100% Full coverage for eligible services* like annual physical exams UnitedHealthcare (UHC) network Broad network of providers; no referrals from a primary care physician needed to see an in-network specialist * For a complete summary of preventive care services, please visit the Healthy Directions website at Health Plan Selection Guide Which health plan has the lowest total out-of-pocket cost for you? It depends on your coverage tier and the amount of non-preventive health claims you have during the year. 1 2 If you are in this tier, and... you expect health care costs in this range for the coming year: Employee Only $1,722 or less $1,773 - $7,420 Over $7,420 Employee and Spouse $3,390 or less $3,391 - $16,077 $16,078 - $21,922 Over $21,922 Employee and Child(ren) $3,498 or less $3,499 - $15,213 $15,214 - $22,791 Over $22,791* Employee, Spouse, and Child(ren) $3,842 or less $3,843 - $12,458 Over $12,458 3 lowest out-of-pocket cost ** option is... MAX MAX *Cost difference between plans is approximately $1. ** Your lowest out-of-pocket cost is determined by adding your employee premium contribution, health care claims applied to the deductible, coinsurance (limited by the out-of-pocket maximum), and company Health Savings Account (HSA) contribution. 4

6 2018 Health Plan Comparison You can determine which health care plan is right for you and your family by using the comparison tables below along with your personal information on myuhc.com. There are no increases to employee premium contributions, deductibles, or coinsurance for However, we share some increasing costs for employee health care benefits. There are increases to the maximum out-of-pocket limit in each health plan (increases of $300 for Employee Only and $600 for Family). For a complete summary of health plan benefits, please visit the Healthy Directions website at HealthyDirections. To see your current elections, visit myuhc.com (first time users will need to register). Employee Premium Contribution Semi-Monthly Rates Employee Only Employee and Spouse Employee and Child(ren) $32.57 $93.19 $73.23 $ MAX $23.49 $80.19 $56.62 $ Dental $2.64 $8.52 $6.98 $12.83 Employee, Spouse, and Child(ren) Deductible (paid by you) HSA Contribution (made by Deere) Coinsurance (paid by you after deductible) Preventive Care (paid by the plan) Out-of-Pocket Maximum Least You Would Pay* Employee Only MAX Employee and Spouse MAX Employee and Child(ren) MAX Employee, Spouse, and Child(ren) MAX $1,500 $2,400 $3,000 $4,800 $3,000 $4,800 $3,000 $4,800 $750 $750 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 20% 10% 20% 10% 20% 10% 20% 10% 100% 100% 100% 100% 100% 100% 100% 100% $3,100 $3,300 $6,200 $6,600 $6,200 $6,600 $6,200 $6,600 $32 -$186 $837 $525 $358 -$41 $1,931 $1,257 Numbers in red indicate that HSA contributions from Deere are more than what you spend on employee premiums during the year. Most You Would Pay** $3,132 $3,114 $7,037 $7,125 $6,558 $6,559 $8,131 $7,857 *Includes employee premium contributions minus HSA contributions from Deere ** Includes employee premium contributions plus cost of out-of-pocket maximum minus HSA contributions from Deere Note: This is a high-level summary only; detailed Benefit Summary and Summary of Coverage documents are available on the Healthy Directions website. Amounts do not reflect the tax savings to you that result from employee and company HSA contributions being made on a pre-tax basis. This can save you as much as $1 for every $3 to $4 you contribute. The benefit comparison is for allowed covered benefits provided by network health care providers. Dental The dental plan pays benefits for a broad range of covered dental services. Dental coverage is separate from the health plan, and maintains separate employee premium contributions, deductibles, and annual/lifetime maximums. You can receive dental services from any licensed dentist; there is no UHC dental network*. * For a complete summary of dental plan benefits, please visit the Healthy Directions website at 5

7 Virtual Visits The next time you or a loved one is sick, skip the doctor s office waiting room and try Virtual Visits. You can see and talk to a doctor from your phone, tablet, or computer without an appointment. Most visits take about minutes and cost approximately $40. Doctors can write a prescription if needed and you can pick it up at your local pharmacy. Virtual Visits are best suited for issues like allergies, bladder infection, bronchitis, cough/cold, diarrhea, fever, pink eye, rash, seasonal flu, sinus problems, sore throat, or stomachache. To access Virtual Visits: Go to myuhc.com or download the UnitedHealthcare Health4Me app Select a virtual provider group Register with the virtual provider group, then enter a virtual waiting room until the doctor is available FAQs: 2018 Annual Benefits Enrollment Q: How do I find out which health plan I am currently enrolled in? A: On the front of your UHC ID card you will see the name of your health plan. You can also log onto myuhc.com to see your health plan s name, verify who is covered, find providers, view claims, and more. Q: How do I know my changes have been made? A: If you make changes during the annual benefits enrollment period, we will mail you a confirmation letter of your 2018 election changes in November. Please make sure you review the letter. If any information is incorrect, contact Deere Direct at Q: I don t want to make changes to my benefits for 2018, so I don t need to do anything, right? A: It depends on your situation. If you are satisfied with your current coverage, you do not need to take action to continue receiving those benefits in If you want to contribute to an HSA or FSA for 2018, you must actively elect how much you wish to contribute. You can make HSA elections by visiting netbenefits.com or calling Fidelity at You can make FSA elections by calling Deere Direct at

8 Wealth The wealth benefits John Deere offers through Healthy Directions provide opportunities for you and your family to save pre-tax dollars for health care expenses, and receive contributions from the company to help you pay for health care Highlights Health Savings Account (HSA) Your 2017 HSA election will not carry-over into Go to netbenefits.com or call Fidelity at to make your HSA elections. If you are opening an HSA for the first time, you must do so by Dec. 29, 2017, in order to receive future company contributions deposited pre-tax into your HSA account. Annual IRS limits on how much can be contributed to an HSA: $3,450 (Employee Only); $6,900 Employee and Spouse; Employee and Child(ren); Employee, Spouse, and Child(ren)). John Deere still provides a contribution of $750 for Employee Only coverage or $1,400 for Family coverage. Flexible Spending Accounts (FSA) The contribution limit for the Limited Purpose Health Care FSA is $2,600, an increase from Beginning Jan. 1, 2018, any amount carried over from your Limited Purpose Health Care FSA must be used in the subsequent plan year or forfeited. In order to utilize your 2017 carryover, you must participate. The contribution limit for the Dependent Care FSA is $5,000, same as Call Deere Direct at if you want to contribute to an FSA. Did You Know? HSAs are a great way to budget for your annual health care expenses! If you are paid semi-monthly and you contribute just $98 each paycheck to your HSA on top of what John Deere contributes to your account you ll have enough money to cover the out-of-pocket maximum in for Employee Only coverage. Setting aside money each paycheck helps build an HSA safety net so you can handle an emergency medical situation or save for future health care needs. Plus, since you save $1 on taxes for every $3 to $4 you contribute to your account, your money goes further. 7

9 Health Savings Account (HSA) An HSA offers a tax-favored way for you to pay for current and future qualified health care expenses, including your deductible, coinsurance, and eligible medical expenses not covered by our health plans. Contribute Grow Know John Deere will contribute $750 (Employee Only) and $1,400 (Family) to your HSA In addition, you can contribute up to $2,700 (Employee Only) or $5,500 (Family) to your HSA If age 55 or older in 2018, you can make a $1,000 catch-up contribution You can change your contributions any time during the year If you re enrolled in either or MAX and are not eligible for an HSA*, you ll receive the company contribution automatically through your paycheck rather than a company deposit into an HSA. The company contribution will be taxable income The money you and John Deere contribute to your HSA goes in tax free When HSA funds are used for eligible medical expenses, the money comes out tax free If your account reaches $2,000, you can invest your money with mutual fund options (just like a 401(k)) Any remaining HSA balance at year s end rolls over; there s no use it or lose it rule Account balance can continue to grow for use on eligible medical expenses in retirement To make HSA contributions, you must actively elect how much you want to contribute per paycheck HSA funds can be used for qualified health care expenses, including out-of-pocket vision and dental expenses New HSA participants must open their account by December 29, 2017 to receive a pre-tax contribution from John Deere in January 2018 Medicare enrollees are not eligible to contribute to an HSA; other eligibility requirements apply* The HSA is yours to keep; you take the money with you if you retire or leave the company *To see other eligibility restrictions, please search for Publication 969 on Flexible Spending Accounts (FSAs) A Limited Purpose Health Care FSA uses pre-tax dollars to pay for out-of-pocket vision and dental expenses in combination with an HSA. A Dependent Care FSA uses pre-tax dollars to pay for dependent care expenses*. Contribute Grow Know John Deere does not make contributions to FSAs You can contribute pre-tax dollars to a Limited Purpose Health Care FSA and/or a Dependent Care FSA To change contributions during the year, you must experience a qualifying life event, such as a marriage or birth of a child There is no opportunity to invest FSA funds The Limited Purpose Health Care FSA allows you to roll over up to $500 of unused funds. However, you must remain an active participant in the upcoming year by making contributions to your account, or you forfeit these funds. Any balance above $500 remaining at year-end will be forfeited, per IRS restrictions The Dependent Care FSA is use it or lose it ; any remaining balance does not roll over year to year, per IRS restrictions To make contributions to any FSA, you must actively elect the total annual amount to contribute The Limited Purpose Health Care FSA is for qualified out-of-pocket dental and vision expenses only The plan limit for Limited Purpose Health Care FSA contributions is $2,600 per household; the minimum annual deferral is $48 The plan limit for Dependent Care FSA contributions is $5,000 per household; the minimum annual deferral is $48 You have until March 31 of the following year to submit for reimbursement. Employees have 90 days from their participation end date to submit for reimbursement * For a list of eligible expenses for a Dependent Care FSA, search for Publication 503 on 8

10 Lifestyle You can improve or maintain your health by taking advantage of the wellness resources provided through Healthy Directions. Doing so can help you lead a healthy, productive life and make the most of your health care dollars now and in the future Highlights Fitness Center Reimbursement Beginning in January 2018, John Deere is expanding the Fitness Center Reimbursement program to include programbased activities. Examples of these types of programs include: yoga, pilates, Jazzercise, Farrell s extreme bodyshaping, and Orangetheory. Quit for Life Our tobacco cessation program is now offered through Quit for Life in collaboration with the American Cancer Society. While there is no doubt that quitting smoking is good for your health, we understand that s not always easy. The Quit for Life program has many enhanced features to help you on your journey, including: One-on-one phone coaching Access to a member website Quit guide Text tips and reminders from Text2Quit You can even qualify for up to eight weeks of nicotine patches or gum, at no cost to you as part of your benefits plan Call myhealth today for more information at JDEERE1 ( ) Real Appeal Real Appeal offers a simple, step-by-step approach designed to introduce small changes over time that lead to healthier habits and long-lasting weight loss results. Real Appeal combines weekly online coaching with a Success Kit and digital tools to get you on the fast track to a lighter, healthier you. Real Appeal will be available at no cost to you, since it is paid as a preventive benefit. Call myhealth at JDEERE1 ( ) to see if you qualify for this program. Weight Watchers John Deere has teamed up with Weight Watchers to offer you a fifty percent subsidy on both OnlinePlus and Meetings memberships. With Weight Watcher s proven, personalized approach to weight loss through food and fitness, employees can achieve a healthier, more fulfilling lifestyle. For more details, visit the Healthy Directions website: com/healthydirections. 9

11 Resources Available on Deere.com/healthydirections Biometric Health Screening Fitness Center Reimbursement Flu Shots Liveandworkwell myhealth Take advantage of on-site or off-site screening options to get your numbers and track your health in several key areas, including cholesterol, body mass index (BMI), glucose (or blood sugar), and blood pressure. John Deere provides reimbursement for a portion of fitness center memberships. The reimbursement amount is up to $120, per employee, per year. We offer on-site employee flu shot events to get you vaccinated and keep you, your family, and your colleagues healthier during flu season. In addition, you and your covered family members can visit a UHC provider or pharmacy for a preventive flu shot. Our Employee Assistance Program (EAP) helps you manage your total health and balance your personal and work-life needs. It includes counseling, resources, and information on legal, financial, work-life, and other issues. Whether you just received a new diagnosis or are simply trying to live a healthy lifestyle, myhealth can help you find information and support that will help you make healthier choices all at no cost to you. You must be enrolled in a health plan to participate. Call JDEERE1 ( ) to take advantage of these myhealth tools: Fitness Device Store - Fitness-tracking devices are a great way to get and stay motivated. Find your fitness device today! Visit buy.wellnesscodes.com/opti. myuhc.com - A simple one-stop shop for all of your plan information including: information on benefits and coverage, network doctor directories, prescription management, health care cost estimates, wellness tips, and more. Quit for Life Tobacco Cessation - A clinically-proven, confidential resource to support your efforts to quit. The telephone-based program includes counseling and no-cost nicotine replacement therapy. Rally - A personalized digital wellness website designed to inspire a healthier you, every day. It gives you the tools to help you build positive habits, and stick to them. Access Rally on myuhc.com. Real Appeal - A simple, step-by-step approach designed to introduce small changes over time that lead to healthier habits and long-lasting weight loss results. Call myhealth at JDEERE1 ( ) to see if you qualify for this program. Support and Specialty Resources - UHC offers a variety of programs including behavioral health, healthy pregnancy, diabetes prevention, cancer support, disease management, and more. Wellness Coaching - Engage with a wellness coach to quit tobacco, manage your blood pressure and cholesterol, improve your heart health, reduce your stress, improve your diet and nutrition, lose weight, and more. My John Deere Benefits Summary Plan Description (SPD) Weight Watchers A web-based training course in John Deere University covering the variety of benefits you receive as a valued John Deere employee. The training is free of charge, available at any time and can be taken in pieces and as many times as you d like. Use the course to learn more about your benefits and how to use them to best suit your needs. This online, searchable document outlines the benefits you receive as a valued John Deere employee. The document includes quick links that let you easily jump back and forth within the document to find answers. It is also organized in helpful categories such as My Health, My Retirement, and more. John Deere is committed to helping you reach weight loss goals and improve overall health by offering a fifty percent subsidy on the Weight Watchers offerings membership fees. 10

12 The information contained in these materials is based upon the company s interpretation and understanding of the state and federal tax codes and regulations on the date of this publication. These laws and regulations, as well as the company s interpretations, may change from time to time. Details of the health plans and tax code regulations, as well as governmental rulings, may also affect the answers to the questions provided in these materials. Employees/Retirees should seek more information from their tax advisors in order to gain a full understanding of Health Savings Accounts, limited purpose Health Care Flexible Spending Accounts, Retiree Medical Credits, and how the various state and federal tax laws govern their use. This document is intended to present a summary of the health care benefits and benefit elections that are available to you; however, this material does not, of itself, create or modify your benefits. The terms of the applicable benefit plans, and all company actions administering or interpreting these plans, continue to control. Deere & Company reserves the right to suspend, amend, modify, or terminate the Plan(s) in any manner at any time, including the right to modify or eliminate any cost-sharing between the company and participants. Changes, which can be made at any time, are made by action of the company s board of directors, or to the extent authorized by resolution of its board of directors, or by the Deere & Company Compensation Committee. In the event of a conflict between the language of the official Plan Documents and this document, the language of the official Plan Documents will control. JohnDeere.com