What s Changing for 2018

Transcription

1 What s Changing for 2018 For Non-Medicare-Eligible Retirees in the DuPont U.S. Benefit Plans Annual Enrollment is your once-a-year opportunity to elect your DuPont health and insurance coverage for next year. Mark your calendar and plan to take action between November 1 November 14, 2017, on DuPont Connection at com/dupont until 11:59 p.m., Central Time (CT), or by calling until 6:00 p.m., Eastern Time (ET). Annual Enrollment for your 2018 DuPont benefits is approaching. The good news is that there are very few changes taking effect next year with our benefits for retirees (and their covered dependents) under age 65. This overview highlights these changes to help you prepare for what s ahead. For detailed 2018 benefits information, including personalized pricing, review the enclosed 2018 DuPont Annual Enrollment Guide and personalized enrollment worksheet. During Annual Enrollment (November 1 14, 2017), you can also visit DuPont Connection, your one-stop benefits resource at or call Note: This information does not apply to non-medicare-eligible retirees in Puerto Rico. WHAT S INSIDE How Your DuPont Coverage Works If You Cover Dependents...2 What s Changing: A Snapshot...3 What s Changing: A Deeper Dive...4 Working Together to Manage Your Out-of-Pocket Costs...6 What s Next...6 What s Changing for 2018 Non-Medicare-Eligible Retirees 1

2 How Your DuPont Coverage Works If You Cover Dependents How your retiree coverage works if you cover dependents is not changing, but here s a quick overview so you know what to do during Annual Enrollment. If your covered spouse is Medicare-eligible and you are not (or vice-versa), you will have different retiree health care benefits available to you, and two different ways that you will need to enroll for 2018 coverage. The same applies to other covered dependents. Coverage Options Non-Medicare-Eligible Retirees and Dependents Only Receive non-medicare-eligible coverage options under the DuPont retiree medical and dental plans. Medicare-Eligible Retirees and Dependents Only Receive notification of premium changes directly from your individual Medicare plan carriers. (Note: Do not make plan changes through your carrier.) Enrollment Process Enroll through DuPont Connection during DuPont s Annual Enrollment (November 1 14, 2017): Make plan changes through Towers Watson s OneExchange during the Medicare Open Enrollment period (October 15 December 7, 2017): Be Aware If you or your covered spouse/dependent is Medicare-eligible: Your medical and dental coverage is administered through OneExchange. You will receive information from OneExchange in October including details about how to enroll. If you or your spouse/dependent is eligible for a Health Reimbursement Arrangement (HRA): You must utilize OneExchange services to purchase a Medicare Supplement plan and receive the HRA amount provided by DuPont. If you, the retiree, are Medicare-eligible with non-medicare-eligible dependents: Your dependents pre-medicare medical and dental group coverage is also contingent on your enrollment through OneExchange. Retirees who do not enroll and remain enrolled in a plan with OneExchange will be considered as having declined DuPont coverage for self, spouse, and dependents. Declination of coverage is permanent and irrevocable. Becoming Medicare-Eligible Soon? You and your dependents will automatically receive information directly from OneExchange and DuPont Connection 90 days prior to becoming Medicare-eligible. This way you can easily make the transition to Medicare-eligible coverage. Be aware that in order to avoid a gap in coverage, you will need to enroll with OneExchange before you become Medicare-eligible. For retirees and dependents becoming Medicare-eligible due to your 65th birthday in January or February 2018, as well as retirees or spouses who qualify for Medicare due to a disability, you will get a packet with materials in October from OneExchange to help you enroll in Medicare-eligible retiree coverage directly. Take action as soon as you receive the materials. If you, the retiree, are becoming Medicare-eligible, your dependents pre-medicare medical and dental group coverage is also contingent on your enrollment through OneExchange. Retirees who do not enroll will be considered as having declined DuPont coverage for self, spouse, and dependents. Declination of coverage is permanent and irrevocable. What s Changing for 2018 Non-Medicare-Eligible Retirees 2

3 What s Changing: A Snapshot Here s a quick look at what s ahead for More details are provided in the following pages. Benefits Change What This Means for You Medical Plan Medical and prescription drug coverage premium increase In-network medical plan deductible increase You may pay more in monthly premiums for retiree medical and prescription drug coverage in What you pay depends on the medical plan option you select and dependents you cover. You will pay more out-of-pocket for covered in-network medical services before the plan pays benefits. Health Savings Account (HSA) HSA contribution limit increases You may contribute more to your HSA in Dental Plan Premium increase for the dental Standard option You will pay more in monthly premiums for coverage in the dental Standard option in Expanded dental provider network New annual dental deductible for the dental Standard option You will have access to an expanded provider network the MetLife Preferred Dentist Program Plus (PDP Plus) network. You must meet an annual deductible before the plan will pay benefits for covered restorative care (such as bridges, crowns, etc.). Applies to restorative care only New method for calculating out-of-network restorative dental benefits Applies to restorative care only For out-of-network restorative care (such as bridges, crowns, etc.), the plan will pay benefits up to reasonable and customary (R&C) limits, rather than according to a scheduled allowance. You will be responsible for any charges above R&C limits. Your Benefit Options and Carriers Are Not Changing for 2018 You will have the same medical (including prescription drug) and dental carriers and options for Your retiree medical plan Core and Premium Saver options still offer you the opportunity to save money on a before-tax basis for your future health care costs through a Health Savings Account (HSA). Participation in the HSA is subject to eligibility rules established by the Internal Revenue Service (IRS). What s Changing for 2018 Non-Medicare-Eligible Retirees 3

4 What s Changing: A Deeper Dive For 2018, some medical and prescription drug coverage premiums for coverage for non-medicareeligible retirees are increasing. Here s what you will pay each month: 1 Coverage Level Retiree Core Option Retiree Premium Saver Option Retiree Only $215 $170 Retiree + Spouse $430 $340 Retiree + Child(ren) $330 $250 Retiree + Family $545 $420 Spouse Only $215 $170 Child(ren) Only $115 $80 Spouse + Child(ren) $330 $ These amounts differ for individuals who retired early (prior to receiving the full Company subsidy). In-Network Medical Plan Annual Deductibles To comply with updated IRS requirements, the in-network annual deductibles for the Retiree Core and Premium Saver options will increase in 2018, as follows: Retiree Core Option Retiree only coverage: $1,400, up from $1,300 in 2017 All other coverage levels: $2,800, up from $2,600 in 2017 Retiree Premium Saver Option Retiree only coverage: $2,800, up from $2,500 in 2017 All other coverage levels: $5,600, up from $5,000 in 2017 What s Changing for 2018 Non-Medicare-Eligible Retirees 4

5 Health Savings Account (HSA) Contributions The annual maximum HSA contribution limits set by the IRS are increasing. This means that in 2018, you can contribute up to $3,450 (if you have Retiree only medical coverage) or $6,900 (all other coverage levels) to your HSA. In 2018, your HSA funds can include: Your contribution: up to $3,540 For Retiree only coverage + You can contribute up to $1,000 extra if age 55 or older + Any other HSA savings that you accumulated from previous years Your contribution: up to $6,900 1 For all other coverage levels + You can contribute up to $1,000 extra if age 55 or older + Any other HSA savings that you accumulated from previous years 1. Includes any contributions made by your spouse. Dental Plan Changes The following adjustments to the Standard and Limited options will be effective January 1, 2018: Dental Plan Premiums (Standard Option Only) As a reminder, premiums for the dental Standard option did not increase in Based on our 2017 claims experience, however, we are projecting the need for some premium increases for the dental Standard option in Check the enclosed personalized enrollment worksheet for your premium costs. Expanded Provider Network You will have access to the MetLife Preferred Dentist Program Plus (PDP Plus) network an expanded provider network that offers lower negotiated fees. When you use dental providers in the MetLife PDP Plus network, you can limit your out-of-pocket costs. To find dental providers in the PDP Plus network, visit or call MetLife at New Annual Deductible for Restorative Care (Standard Option Only) You must meet an annual deductible ($50 per person, up to a maximum of $150 per family) before the plan will pay benefits for restorative care (such as bridges, crowns, etc.). New Method for Calculating Out-of-Network Benefits for Restorative Care (Standard Option Only) For out-of-network restorative care, benefits will be paid up to reasonable and customary (R&C) limits, rather than according to a scheduled allowance. R&C amounts will be based on the 90th percentile. This means that 90% of providers in a geographic area charge no more than the R&C amount and 10% charge more. You will be responsible for any charges above R&C limits. What s Changing for 2018 Non-Medicare-Eligible Retirees 5

6 Working Together to Manage Your Out-of-Pocket Costs During the Year, Shop Wisely When you need care, DuPont encourages you to be a smart shopper. Here are some of the ways you can boost your health care purchasing power: Research cost and quality before receiving care. Use the tools provided by your medical and dental carriers to estimate costs. Take advantage of DuPont s preventive care benefits. The Retiree Core and Retiree Premium Saver medical options and the Standard and Limited dental options cover in-network preventive services at 100% with no deductible. Save money on prescription drugs by purchasing generics and preferred (also known as formulary) brand-name medications. Search for preventive care medications, generics, and preferred brandname drugs on the Express Scripts website at utilizing the Price a Medication feature. An Important Reminder: You Might Be Able to Get Help Paying for Your Medicine Many manufacturers and foundations offer financial assistance to patients who need help covering the cost of their specialty medicine, copays, or coinsurance. You might see references to this support called a manufacturer/patient assistance program ; discount cards ; copay assistance ; or coupons. This assistance is paid for by the manufacturer or foundation, and can help you stay on track with your medicine. Following your doctor s instructions on how much of your medicine to take and when to take it is an essential part of your health and wellness. Following these instructions what you ll often hear called adherence also helps prevent bigger and more expensive health problems in the future. What s Next 2018 Annual Enrollment is November 1 November 14, Take action! Your 2018 coverage takes effect on January 1, Ensure your coverage and what you pay will meet your needs for next year, and take action to enroll through DuPont Connection. You can reach DuPont Connection online at or call During Annual Enrollment, representatives are available by phone from 8:00 a.m. to 6:00 p.m., Eastern Time (ET), or enroll online through 11:59 p.m., Central Time (CT) on November 14, Remember, if you cover a Medicare-eligible dependent, you will also receive separate information directly from OneExchange so that you can elect coverage for that dependent during the Medicare Open Enrollment period (October 15 December 7, 2017). Remember DuPont Connection is your one-stop benefits resource at com/dupont Annual Enrollment is November 1 November 14, Take action and enroll! This summary provides a quick, easy-to-understand outline of your Plan options. DuPont has made every effort to ensure that this accurately reflects the plan documents and contracts. However, if there is any conflict or inconsistency between this guide and those documents or contracts, the documents or contracts will govern. DuPont reserves the right to change, modify, or discontinue at its discretion any of the plans, programs, or services described in this guide. Copyright 2017 DuPont. The DuPont Oval Logo is a trademark of E.I. du Pont de Nemours and Company. All rights reserved. What s Changing for 2018 Non-Medicare-Eligible Retirees 6 H