2018 Open Enrollment. November NetApp, Inc. All rights reserved. NetApp Proprietary Limited Use Only

Transcription

1 2018 Open Enrollment November

2 Open Enrollment: November 1 15 NetApp Benefits My Life My Health My Wellbeing My Wealth 2

3 Today, We ll Cover What s new and changing for 2018 with your NetApp benefit plans and programs What you need to know about your options to select the best plans for you and your family What you need to do to find information and enroll successfully Any questions you have 3

4 My Life 4

5 Enhanced Time Off: New Hire Vacation New to NetApp? Enjoy more vacation time! Employees with <2 years of service will accrue an additional 3 vacation days Total: 15 vacation days per year Higher accrual reflected in January paycheck 15 days/year 5

6 Enhanced Time Off: Family First Our new paid family care leave! Paid bonding time for mom after birth or adoption of a new child Paid bonding time for dad after birth or adoption of a new child Paid time to care for your ill family member Spouse, domestic partner, child or parent of employee NetApp, Inc. All rights reserved. NetApp Proprietary Limited Use Only

7 Family First All employees are eligible Take up to 6 weeks all at once or in increments of at least 1 week For events occurring on or after January 1, 2018 Apply through Liberty Mutual and let your manager know when you ll be out weeks/ year* 1 week increments 100% paid Child Spouse Parent * Year is calculated on a rolling 12-month basis per FMLA guidelines Learn more in January

8 My Health 8

9 2018 Medical Plans HSP Health Savings Plan HMO Kaiser HMO (CA only) best value! Traditional Traditional Plan 9

10 What s New HSP Health Savings Plan Slight increases to deductibles and out-of-pocket maximums Health Savings Plan (HSP) Deductible Out-of-pocket maximum $1,300 (individual) $2,600 (family) $2,500 (individual) $5,000 (family) $1,400 (individual) $2,800 (family) $2,600 (individual) $5,200 (family) 10

11 What s New Traditional Traditional Plan Deductible In-network Out-of-network Out-of-pocket maximum In-network Out-of-network Traditional Plan Slight increases to deductibles, out-of-pocket maximums and copays for office visits and prescription drugs $500 (individual) $1,250 (family) $700 (individual) $1,750 (family) $2,500 (individual) $5,000 (family) $5,000 (individual) $10,000 (family) $600 (individual) $1,500 (family) $800 (individual) $2,000 (family) $2,600 (individual) $5,200 (family) $5,200 (individual) $10,400 (family) Office visit copays In-network $20 (primary care physician) $25 (primary care physician) $30 (specialist) $35 (specialist) Prescription drug copays (31-day supply) Generic $5 $10 Preferred brand $20 $25 Non-preferred brand No change You continue to pay $ NetApp, Inc. All rights reserved. NetApp Proprietary Limited Use Only

12 What s New New ID Cards Be on the lookout for new Anthem ID cards coming in late December 12

13 What s New Telemedicine provider: LiveHealth Online Live, convenient, confidential face-to-face doctor consultations via livehealthonline.com or on the LiveHealth Online mobile app 24/7/365 Receive treatment for minor conditions such as colds, flu, rashes, pink eye, a fever, infections and allergies Expanded network of board-certified U.S.-based doctors including pediatricians, psychiatrists and psychologists Doctors can send prescriptions to your local pharmacy Skip the wait at the doctor s office or urgent care you can even use it while traveling Costs the same (or less) than a office visit: Regular appointment: $49 (HSP)/$25 (Traditional Plan) Psychological appointment: Costs vary For details, visit livehealthonline.com or call

14 What s New HMO Kaiser HMO (CA only) Slight increases to copays for office visits and prescription drugs Kaiser HMO Office visit copays $20 (for most primary care visits) $30 (for most specialist visits) $25 (for most primary care visits) $35 (for most specialist visits) Prescription drug copays (100-day supply) Generic $5 $10 Brand $20 $ NetApp, Inc. All rights reserved. NetApp Proprietary Limited Use Only

15 Consider the Health Savings Plan (HSP) It s like a traditional PPO With smarter ways to save Annual paycheck contributions HSP Traditional You Save Freedom to choose your health care provider Lower paycheck contributions Individual $780 $1,560 $780 Family $4,550 $7,150 $2,600 Free in-network preventive care Free preventive prescription drugs HSA Exclusive taxadvantaged health savings account (HSA) Dollars from NetApp NetApp contribution Individual $800 Family $1,600 Tax advantages Save for the future 15

16 What About the HSP s Higher Deductible? NetApp s HSA contribution + your paycheck savings help cover it! $800 NetApp HSA contribution Individual Family $780 paycheck savings you contribute $1,580 $1,600 NetApp HSA contribution $2,600 paycheck savings you contribute $4,200 Your $1,400 deductible is covered with $180 left to save or spend ($830 available in HSA on 1/5/18*) Your $2,800 deductible is covered with $1,400 left to save or spend ($1,700 available in HSA on 1/5/18*) 16 * You have access to the funds in your HSA. NetApp s contribution and your first paycheck contribution fund on January 5, 2018.

17 You re Protected Now and in the Future Make the maximum contribution to your HSA! Individual Family $800 NetApp HSA contribution $2,650 your maximum contribution $3,450 $1,600 NetApp HSA contribution $5,300 your maximum contribution $6,900 Worried about really large bills? The HSP has you covered! Once your expenses total the out-of-pocket maximum, the plan pays 100% of covered expenses for the rest of the year Offset this amount with HSA dollars from NetApp, and from your pre-tax contributions! Your $2,600 out-of-pocket maximum is covered with $850 left to save for the future Your $5,200 out-of-pocket maximum is covered with $1,700 left to save for the future 17 * You have access to the funds in your HSA. NetApp s contribution and your first paycheck contribution fund on January 5, 2018.

18 Choosing a Plan Explore your options at View side-by-side plan comparisons, including costs Watch a helpful video Talk to an Anthem Health Guide about your options Use Anthem s Find a Doctor tool to locate providers 18

19 Employee Contribution Increases Small increases to paycheck contributions NetApp continues to pay the majority of health care costs You pay NetApp pays Biweekly paycheck contributions HSP Traditional Plan Kaiser HMO Employee only $25 $30 $55 $60 $55 $60 Employee + spouse/dp $100 $115 $175 $190 $175 $190 Employee + child(ren) $75 $85 $130 $140 $130 $140 Employee + family $150 $175 $250 $275 $250 $275 19

20 Flexible Spending Accounts (FSAs) Tax-advantaged accounts Health Care FSA Use for eligible health care expenses Copays Prescriptions Dental and vision Orthodontia Contribute up to $2,600 tax-free Roll over up to $500 per year HSA Compatible FSA Use with an HSA Use for eligible dental and vision expenses only Contribute up to $2,600 tax-free Roll over up to $500 per year Manage your WageWorks FSAs on the go Use the EZ Receipts mobile app to check your balances, submit claims, snap and submit photos of receipts 20

21 Flexible Spending Accounts (FSAs) Tax-advantaged accounts Dependent Day Care FSA Use for eligible day care expenses while you re at work Contribute up to $5,000 tax-free Use it or lose it at the end of 2018 Commuter Benefit FSA Use for eligible commuting expenses Parking Van pool Mass transit tickets Contribute tax-free: Commuting: $255/month Parking:$255/month Use it or lose it at the end of 2018 Manage your WageWorks FSAs on the go Use the EZ Receipts mobile app to check your balances, submit claims, snap and submit photos of receipts 21

22 My Wellbeing 22

23 Achieving Total Wellbeing With MyCompass Since MyCompass launched in 2017 Over 40% of NetApp employees have joined 900,000 miles have been logged by participants 5 million points have been earned by NetApp participants Haven t joined yet? Download the free Jiff Health Benefits app on Apple Store or Google Play (or use the web version at Click Register or Activate, use Jiff token NetApp123, enter your address and pick a password On the next screen, verify your identity with your HR ID # and last name (please include all 6 digits by adding the leading 0s to the front of your ID number) 23

24 New Program: Retrofit Retrofit Healthy Living holistic, personalized weight management solutions Live weekly classes Self-monitoring tools for food, mood, activity and weight Tailored learn-by-doing missions Gamefulness and social sharing Retrofit Weight Management personalized coaching for sustainable weight loss and disease prevention 1:1 coaching, messaging, resources and planning with weight loss expert Weekly classes and interaction with other participants Self-monitoring tools for food, mood, activity and weight Available to those who are clinically overweight and seeking support in attaining in long-term weight loss. 24

25 New Program: 7-minute Workout 7-Minute Workout a fast, simple science-based way to workout anywhere, anytime Short workouts based on HICT (high intensity circuit training) proven to be the safest, most effective, and most efficient way to improve your muscular and aerobic fitness, and make you healthier Gauges your fitness and motivation level and creates a variety of workouts specifically for you Learn the exercises with 36 high-definition video tutorials Personalized motivational content, workout reminders, and achievement notifications View current exercise, time remaining and next exercise 25

26 New Program: OrderWell OrderWell find and order healthy meal recommendations from your favorite restaurants But don t wait until January 1! You currently have access to tracking tools Steps, Bites, and Zzz s as well as the programs below through MyCompass: Zipongo Nutrition MeQuilibrium Stress management HelloWallet Financial management 26

27 Invite Your Spouse Your spouse is eligible to participate, and earn points and rewards Go to More menu > Spouse/+1 invitation Enter your spouse s address, and they will receive an invitation Your spouse can activate their account by using the individual token in the 27

28 My Wealth 28

29 Life Insurance NetApp automatically provides basic coverage at no cost to you Basic You 2 times your pay, up to $1.5 million* How much coverage do you need? What s the cost of supplemental coverage? Details at netappbenefits.com You can elect to pay for supplemental coverage during enrollment (approval subject to medical proof of insurability)** Supplemental You 1-8 times your pay, up to $4 million Your spouse $10,000 to $500,000 (in increments of $10,000) Up to 100% of your coverage amount or $500,000, whichever is less Your child(ren) $20,000/child to age 26 Children can be covered by only one employee in the plan + Will preparation and estate planning at no extra cost * As required by the IRS, you will be taxed on any company-provided life insurance coverage that exceeds $50,000. (Coverage amounts over $50,000 are considered imputed income.) Benefits for Life and AD&D start to reduce at age 65. ** Evidence of Insurability (EOI) required. 29

30 The NetApp 401(k) 401(k) If you max out on your 401(k) contribution and participate in the HSP, NetApp funds $6,800 (individual) / $7,600 (family) toward your future each year! Tax-advantaged payroll contributions It s easy to contribute, and you reduce your taxable income NetApp matches 4% (up to $6,000) When you contribute at least 6% of your eligible earnings Immediate vesting You own the entire account balance, even if you leave the company 30

31 How to Enroll 31

32 What You Need to Do Nov Mark your calendars! It s time to enroll Visit Find details about your 2018 benefits Enroll by November 15 at mybenefits.netapp.com. The enrollment portal has a new look and feel Improved security additional security questions and answers will be required You must take action to enroll in FSAs and the HSA if you want to participate for 2018 If you re adding dependent(s), be sure to follow the new steps for submitting documentation Review current benefits and explore voluntary plans 32

33 Contact the NetApp Benefits Service Center Online at On the phone at HRBENS ( ) Representatives are available via Web chat and by phone, Monday through Friday, from 8 a.m. to 8 p.m. ET 33

34 Take Charge During Open Enrollment Explore your options to ensure they re still a good fit don t just stick with the status quo Consider plans that: Support your health needs Offer the best value (psst: check out the Health Savings Plan) Learn how to make the most of your plans so you can use them to be healthier and save more Enroll by November 15! 34

35 Thank you. 35

36 Appendix 36

37 The HSA: Part of a Smart Savings Strategy HSP HSA Dollars go in Free dollars from NetApp: $800/individual $1,600/family Contribute your own dollars: $2,650/individual $5,300/family Total combined contributions for 2018: $3,450/individual $6,900/family Tax-free* paycheck contributions Dollars grow Earn interest year over year Invest your account in a variety of mutual fund options once your balance reaches $1,000 It s yours to keep your dollars never expire and you can take them with you if you leave NetApp Make it part of your retirement savings strategy like a 401(k)! Tax-free earnings* on your interest and investments Spend on eligible expenses Medical Prescription drugs Dental Vision Alternative medicine Tax-free withdrawals to pay for health care *Tax-free savings apply to federal income tax only. Some states, including California, tax HSA funds. 37

38 What About the HSP s Higher Deductible? From another angle: consider your net deductible Individual $1,400 deductible ($800) NetApp HSA contribution $600 net deductible NetApp s contribution covers the first $800 toward your deductible This is the same as the Traditional Plan in-network deductible of $600 and you save $780 in paycheck contributions! Family $2,600 deductible ($1,600) NetApp HSA contribution $1,000 net deductible NetApp s contribution covers the first $1,600 toward your deductible This is lower than the Traditional Plan in-network deductible of $1,500 and you save $2,600 in paycheck contributions! 38 * You have access to the funds in your HSA. NetApp s contribution and your first paycheck contribution fund on January 5, 2018.

39 Legal Assistance Hyatt Legal group plan offers discounted services on a wide range of legal matters: Wills Living trusts Real estate Civil litigation Adoption Taxes You pay to participate in this plan can only enroll during open enrollment Learn more: (password ) 39

40 Your Checklist Explore Review your health care plan options and costs Consider Estimate your life insurance needs Review your participation in the 401(k) plan Review your need for the group legal plan Enroll online at mybenefits.netapp.com Remember! If you re adding dependent(s), be sure to follow the new steps for submitting documentation If you don t take action Your current benefit elections and coverage levels will continue You will not participate in any flexible spending accounts (FSAs) for 2018 You will not participate in the health savings account (HSA) for