2017 ANNUAL BENEFITS ENROLLMENT PRESENTATION NXP REWARDS (888) 375-2367 COMPANY INTERNAL/PROPRIETARY
Get Connected: Insert Title Here Your 2017 Annual Enrollment What We’ll Cover Today • What’s changing • What you need to know and do • Important tools, tips & resources 1 COMPANY INTERNAL/PROPRIETARY
What’s Changing in 2017? Insert Title Here Medical Contributions increasing between $0 - $20* per pay period • • ABA Therapy coverage added to all Aetna medical plans HSA contribution limit for individuals is increasing $50 to • $3,400 annually California only: Kaiser HMO will be offered to all California • employees Dental • Dental implants coverage added • Dental contributions are going up by $1 - $2 per pay period Disability Disability carrier is changing to Prudential. There are no • changes to the benefit levels. Benefit you are eligible if permanently disabled is changing • to12 months of the same medical insurance as active employees California only: Transitioning to State Disability Insurance • (SDI) Health Care Flexible Spending Account (FSA), Limited Use FSA • Maximum annual contribution is increasing $50 to $2,550 annually 2 COMPANY INTERNAL/PROPRIETARY *If you completed your wellness screening
What’s Not Changing in 2017? Insert Title Here • Paid Time Away (PTO) • 401(k), no change to 5% employer match • Vision • Basic and Supplemental Life Insurance • Health Care Flexible Spending Account $500 rollover • Dependent Care Flexible Spending Account • $240 Wellness Reimbursement • Hyatt Legal Assistance Program To learn about all your NXP benefits visit nxp.com/benefits 3 COMPANY INTERNAL/PROPRIETARY
What You Need to Know You can enroll • Between October 17 and 28 − Select different plans and coverage levels − Or waive coverage • Otherwise, default enrollment − Current plan and current covered dependents and corresponding payroll contributions − This includes your flexible spending accounts – health and dependent care − No new ID cards if you don’t change plans • Enrollment is required if you want to increase your health care FSA to the new $2,550 limit. • If you are enrolled in the Medical Savings Plan you must re-establish your HSA and Limited Use FSA contributions 4 COMPANY INTERNAL/PROPRIETARY
Aetna Medical Plans Choice Plus Plan Choice Plus Plan Medical Savings Plan Choice Plan Exclusive Provider Organization (EPO) High-Deductible Plan with Health Savings Account Preferred Provider Organization (PPO) (In-network coverage only) (Both in and out-of-network available) • Physicians • Teladoc Copays: $40 Copay • Physicians Copays: Primary Care — $20 Primary Care — $20 • Deductible In-network Out-of-network Specialists — $50 or $30 Specialists — $50 or $30 $1,500 (Individual) $3,000 (Individual) Emergency Care — $100 copay Emergency Care — $100 copay $3,000 (Family) $6,000 (Family) (then coinsurance) (then coinsurance) • Coinsurance In-network Out-of-network • Teladoc $10 Copay • Teladoc $10 Copay 80% (Plan pays) 60% (Plan pays) • Deductible $0 • Deductible In-network Out-of-network 20% (You pay) 40% (You pay) • Coinsurance 90% (Plan pays) $200 (Individual) $400 (Individual) • Out-of-Pocket In-network Out-of-network 10% (You pay) $400 (Family) $800 (Family) $5,000 (Individual) $10,000 (Individual) Maximum • Out-of-Pocket $4,000 (Individual) • Coinsurance In-network Out-of-network $6,850 (Family) $20,000 (Family) Maximum $8,000 (Family) 80% (Plan pays) 60% (Plan pays) 20% (You pay) 40% (You pay) Prescription (CVS Caremark) • Out-of-Pocket In-network Out-of-network Prescription (CVS Caremark) • For all prescriptions, you pay coinsurance Maximum $5,000 (Individual) $8,000 (Individual) amount after the deductible ; • Retail (up to 30-day supply) $10,000 (Family) $20,000 (Family) • Generic preventive medications available for $0 Generic You pay $5 copay Prescription (CVS Caremark) Preferred Brand You pay 30%, up to $75 • Retail (up to 30-day supply) Non-Preferred Brand You pay 50%, up to $100 Health Savings Account Generic You pay $5 copay • Mail Order (up to 90-day supply) Preferred Brand You pay 30%, up to $75 NXP Contribution: Generic You pay $10 copay Non-Preferred Brand You pay 50%, up to $100 Preferred Brand You pay 30%, up to $175 • You Only $500 • Mail Order (up to 90-day supply) Non-Preferred Brand You pay 50%, up to $250 • All Family levels $1,000 Generic You pay $10 copay Preferred Brand You pay 30%, up to $175 Non-Preferred Brand You pay 50%, up to $250 5 COMPANY INTERNAL/PROPRIETARY
Aetna Medical Plans Choice Plan Medical Savings Plan Medical Savings Plan Choice Plus Plan Pay Period Contributions: Pay Period Contributions: Pay Period Contributions: You Only: $41 You Only: $24 You Only: $10 You + Spouse: $96 You + Spouse: $55 You + Spouse: $21 You + Child(ren): $87 You + Child(ren): $49 You + Child(ren): $15 Family: $153 Family: $87 Family: $30 Visit nxp.com/benefits for details on 2017 benefits 6 COMPANY INTERNAL/PROPRIETARY
Kaiser Medical Plan Pay Period Contributions California Employees Only Health Maintenance Organization (HMO) (Kaiser network coverage only) • Physicians You Only: $63 Copays: Primary Care — $35 Specialists — $35 Emergency Care — $150 copay (then $500 hospital copay if admitted) You + Spouse: $140 • Deductible $0 • Coinsurance 100% (Plan pays) • Out-of-Pocket $1,500 (Individual) You + Child(ren): $116 Maximum $3,000 (Family) Prescription (Kaiser) Family: $215 • Up to 30-day supply Generic You pay $10 copay Brand You pay $30 copay • Maintenance medications (100-day supply) Generic You pay $20 copay Brand You pay $60 copay Visit nxp.com/benefits for details on Kasier HMO 7 COMPANY INTERNAL/PROPRIETARY
MetLife Dental Plan MetLife Dental Pay Period Contributions Pay Period Contributions Network Name: PDP Plus • Deductible You Only: $5.08 – Individual $100 – Family $300 • Annual maximum benefit of $2,000 per person You + Spouse: $10.15 • Orthodontia lifetime limit of $2,000 per person You + Child(ren): $10.62 Benefit Coverage Levels (in-network) • Preventive Care covered at 100% – Cleanings, oral examinations and other maintenance type procedures Family: $16.62 • Basic Care covered at 80% – Orthodontia, filings, endodontics, periodontics and standard dental procedures • Major Care covered at 50% – Bridges and dentures, implants and other complex procedures No ID card required for services, if you want insurance verification you can register and print one at MetLife.com/dental Visit nxp.com/benefits for details on MetLife Dental 8 COMPANY INTERNAL/PROPRIETARY
Disability Changes in 2017 Disability carrier is changing • from Aetna to Prudential • Reach out to your Occupational Health Nurse to initiate a disability leave No changes to the disability • benefits or STD buy-up plans The benefit you are eligible for if • permanently disabled is changing to 12 months of the same medical coverage as active employees 9 COMPANY INTERNAL/PROPRIETARY
California Employees Only Voluntary Disability Insurance Update Legacy NXP and Former Freescale Federal Tax Entities are merging on 7 November 2016 How does this impact the Voluntary Disability Insurance (VDI) plan? • California Voluntary Disability Plan (VDI) is being withdrawn and will no longer be available • California State Disability (SDI) and NXP’s Short Term Disability (STD) plan will be offered to all California employees; including the STD Buy-Up option • California State Disability (SDI) tax will start with 18 November 2016 paycheck • If you want to enroll in the STD Buy-Up option, please contact NXP Rewards Center at (888) 375-2367 10 COMPANY INTERNAL/PROPRIETARY
Talk with Alex Need help understanding which plan is best for you? Meet Alex at myalex.com/nxp/2017 11 COMPANY INTERNAL/PROPRIETARY
Healthcare Reform: Form 1095 Don’t Fear the Form • IRS Form 1095-C will be mailed to NXP employees by Jan. 31, 2017 to be used for 2016 income tax filing • Legacy NXP employees will receive two forms • Used to verify compliance with employer/individual mandates and eligibility for Marketplace premium tax credits • Sign up for e-delivery at nxp.com/rewards if you want it faster • New rules for Social Security numbers (SSNs) solicitations – add SSNs for your dependents if you haven’t already 12 COMPANY INTERNAL/PROPRIETARY
Benefit Enrollment Tools, Resources and Next Steps Learn more at nxp.com/benefits Talk with ALEX at myalex.com/nxp/2017 Use your current ID cards next year if you don’t change plans Review your covered dependents Call NXP Rewards at (888) 375-2367 with questions Enroll between October 17 – 28 at nxp.com/rewards 13 COMPANY INTERNAL/PROPRIETARY
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