WWT Benefits Team. John Rocco Benefits Manager. Alison (Reise) Gomez Benefits Supervisor. Alyssa Schaffrin Benefits Specialist

Transcription

1

2 WWT Benefits Team John Rocco Benefits Manager Alison (Reise) Gomez Benefits Supervisor Maggie Gabris Benefits Specialist Alyssa Schaffrin Benefits Specialist Mandy Timmermann Benefits Coordinator U.S. Benefits U.S. Benefits Global Benefits/Wellness

3 Open Enrollment 2017 Open Enrollment Dates: November 1 st 18th Changes that can be made: HEALTH INSURANCE Enroll/Drop Health Coverage Add/Drop Dependent Health Coverage If you have no changes to make nothing needs to be done. FLEXIBLE SPENDING ACCOUNT (FSA) Enroll in FSA for 2017 If you wish to participate in FSA for 2017 you MUST enroll. Your 2016 elections will not automatically carry over. How to Make Changes changes can be made online in Oracle Self Service. Click HERE for instructions.

4 Special Note! Due to government reporting and the Affordable Care Act, it is important that your dependents names are listed exactly as they appear on their social security card. Please confirm your dependents names when reviewing your benefits. Failure to update incorrect information could result in a personal fine from the IRS. Please review all listed dependents in Oracle to make sure their name and SSN match what is listed on their Social Security Card.

5 Employee Premiums Once again, WWT will not be raising employee premiums even though the cost of healthcare continues to rise Employee Premiums (Medical, Dental, Prescription Drug, and Vision) Employee Only - $25/month ($12.50/pay period) Employee Spouse - $90/month ($45/pay period) Employee Child(ren) - $70/month ($35/pay period) Family - $145/month ($72.50/pay period). Family $160 $140 $120 $100 $80 $153 $125 WWT (2016) Mercer All Employers (National) $600 $500 $400 $300 $542 $439 WWT (2016) Mercer All Employers (National) $60 $40 $20 $0 $25 Monthly Contribution Mercer ,000 to 4,999 Employees (National) $200 $100 $0 $145 Monthly Contribution Mercer ,000 to 4,999 Employees (National)

6 Medical Plan UHA 600 Find providers at In Network coverage outlined below. Annual deductible None Annual co-pay max - $2500 per person; $7,500 per family Preventive Care services - $0 co-pay Maternity Services 10% of eligible charges Physician Office Visit 10% of eligible charges Hospital Services 10% of eligible charges Emergency Services 10% of eligible charges.

7 Dental Plan UHA 1500 You may select any dentist. Annual maximum $1,500. Services outlined below. Diagnostic 100% Preventive Cleanings (2x/year) 100% Restorative Fillings 70% Restorative Crowns 70% Endodontics (root canal) 70% Oral Surgery 70% Orthodontics (1500 lifetime max/child) 50%

8 Prescription Drug Plan UHA Drug Plan Q Co-pays below. If drug cost is more than $150 employee share is 20%. Prescription Co-Pays Retail (30 Days) Generic $7 Preferred Brand $15 Non-Preferred Brand $30 Home Delivery (90 Days) Generic $7 Preferred Brand $15 Non-Preferred Brand $30

9 Vision Plan UHA Vision Plan 100 Eye Exam Plan pays 100% of exam per member per year. Up to $100 per year towards purchase of glasses contacts, frames, lenses or any combination. to find providers and more info.

10 Health Flexible Spending FSA is a Pre-tax savings account that can be used to pay for medical expenses. Medical FSA Maximum contribution is $2,550 for Convenient Debit card for medical FSA program. Complete list of eligible/ineligible expenses available Eligible Expenses - Deductible/Co-pays - Corrective eye surgery - Eye exams/glasses - Contacts & solution - Dental fees/orthodontia - Prescription drugs Ineligible Expenses - OTC meds (unless prescribed) - Cosmetic expenses - Dietary supplements You must re-enroll in this benefit every year.

11 Dependent Flexible Spending Pre-tax savings account that can be used to pay for dependent care (day care) expenses. Dependent Care FSA Maximum contribution is $5,000 for Complete list of eligible/ineligible expenses available at Eligible Expenses - Day care for child under 13 - Care of a dependent spouse or child of any age * If married, both you and your spouse must work to qualify for this benefit Ineligible Expenses - School expenses - Nighttime babysitting - Daycare expenses while on leave of absence - Daycare expenses when a dependent is providing child care You must re-enroll in this benefit every year.

12 Flexible Spending Parking Pre-tax savings account that can be used to pay for parking expenses. Parking FSA Maximum contribution is $255 for WWT covers $150 of this cost, should you choose to enroll. Complete list of eligible/ineligible expenses available at Contact the Benefits team at for your member ID if you are logging for your first time.

13 Flexible Spending Basics Our FSA Plan is administered by UMR. Enrollment is done via Oracle Self Service, November 1 st 18th. The Plan year runs from January 1 st December 31 st. Grace Period runs until March 15 th. This means you have an extra 2 ½ months to use your FSA dollars. After March 15 th, any money remaining in the account is forfeited. If you still have funds available, you can visit the FSA Store on Perk Path s website. This site is full of FSA eligible items, click HERE to access the site! FSA is deducted on 24 out of the 26 pay periods. Contributions are pre-taxed, ultimately saving you money. Convenient Debit card option for medical FSA. If you already have a debit card, it will be loaded with the amount you elect on January 1 st. Always save your receipts. You may have to submit them to UMR for substantiation. * If you take prescriptions, buy contacts or glasses, reach your deductible, or have copays throughout the year, you should be using this benefit. It s a convenient and easy way to reduce your taxable income and save money!

14 401(k) Plan Retirement Plan - Merrill Lynch Eligible after 3 months of service. Employees can rollover immediately. Employees can enroll 1st day of the following month. Set aside from 1% to 90% of your eligible compensation. WWT has discretionary match of 100% of your contributions up to 6% of your eligible compensation. Both Roth and Pre-tax options are available. 5 year vesting schedule. Enroll today or explore financial education information at

15 Employee Wellness Free Annual health screenings All full-time and part-time employees are eligible to participate the first day of the month after their hire date Online Health Risk Assessments and personal Wellness account Employees who participate in the Annual on-site health screening and on-line Health Risk Assessment will be eligible for a FREE PTO day! Team and individual wellness challenges during the year

16 Employee Assistance Program PERSONAL ASSISTANCE SERVICES (PAS) - company paid Relationship/Marital Concerns Parent/Child Issues Stress/Anxiety Depression Legal Concerns Child Care College Planning Elder Care Substance Abuse Job Stress Financial Issues Work/Life Balance

17 Perk Path For all employee perks and discounts you can visit Discounts offered: Mobile Providers Hotels Costco/Sam s Microsoft Auto Repair Stores

18 Questions (Contact