2017 ANNUAL BENEFITS ENROLLMENT PRESENTATION NXP REWARDS (888) - - PowerPoint PPT Presentation

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2017 annual benefits enrollment presentation
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2017 ANNUAL BENEFITS ENROLLMENT PRESENTATION NXP REWARDS (888) - - PowerPoint PPT Presentation

Oct 09, 2022 528 likes •696 views

2017 ANNUAL BENEFITS ENROLLMENT PRESENTATION NXP REWARDS (888) 375-2367 COMPANY INTERNAL/PROPRIETARY Get Connected: Insert Title Here Your 2017 Annual Enrollment What Well Cover Today Whats changing What you need to know and do

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COMPANY INTERNAL/PROPRIETARY

NXP REWARDS (888) 375-2367

2017 ANNUAL BENEFITS ENROLLMENT PRESENTATION

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1 COMPANY INTERNAL/PROPRIETARY

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What We’ll Cover Today

  • What’s changing
  • What you need to know and do
  • Important tools, tips & resources

Get Connected: Your 2017 Annual Enrollment

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2 COMPANY INTERNAL/PROPRIETARY

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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

What’s Changing in 2017?

*If you completed your wellness screening

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3 COMPANY INTERNAL/PROPRIETARY

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  • 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

What’s Not Changing in 2017?

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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

What You Need to Know

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5 COMPANY INTERNAL/PROPRIETARY

Aetna Medical Plans

Choice Plus Plan Choice Plus Plan

Exclusive Provider Organization (EPO) (In-network coverage only)

  • Physicians

Copays: Primary Care — $20 Specialists — $50 or $30 Emergency Care — $100 copay

(then coinsurance)

  • Teladoc

$10 Copay

  • Deductible

$0

  • Coinsurance

90% (Plan pays) 10% (You pay)

  • Out-of-Pocket $4,000 (Individual)

Maximum $8,000 (Family) Prescription (CVS Caremark)

  • Retail (up to 30-day supply)

Generic You pay $5 copay Preferred Brand You pay 30%, up to $75 Non-Preferred Brand You pay 50%, up to $100

  • Mail Order (up to 90-day supply)

Generic You pay $10 copay Preferred Brand You pay 30%, up to $175 Non-Preferred Brand You pay 50%, up to $250

Choice Plan

Preferred Provider Organization (PPO) (Both in and out-of-network available)

  • Physicians

Copays: Primary Care — $20 Specialists — $50 or $30 Emergency Care — $100 copay

(then coinsurance)

  • Teladoc

$10 Copay

  • Deductible

In-network Out-of-network $200 (Individual) $400 (Individual) $400 (Family) $800 (Family)

  • Coinsurance

In-network Out-of-network 80% (Plan pays) 60% (Plan pays) 20% (You pay) 40% (You pay)

  • Out-of-Pocket In-network

Out-of-network Maximum $5,000 (Individual) $8,000 (Individual) $10,000 (Family) $20,000 (Family) Prescription (CVS Caremark)

  • Retail (up to 30-day supply)

Generic You pay $5 copay Preferred Brand You pay 30%, up to $75 Non-Preferred Brand You pay 50%, up to $100

  • Mail Order (up to 90-day supply)

Generic You pay $10 copay Preferred Brand You pay 30%, up to $175 Non-Preferred Brand You pay 50%, up to $250

Health Savings Account

NXP Contribution:

  • You Only

$500

  • All Family levels

$1,000

Medical Savings Plan

High-Deductible Plan with Health Savings Account

  • Teladoc

$40 Copay

  • Deductible

In-network Out-of-network $1,500 (Individual) $3,000 (Individual) $3,000 (Family) $6,000 (Family)

  • Coinsurance

In-network Out-of-network 80% (Plan pays) 60% (Plan pays) 20% (You pay) 40% (You pay)

  • Out-of-Pocket In-network

Out-of-network Maximum $5,000 (Individual) $10,000 (Individual) $6,850 (Family) $20,000 (Family) Prescription (CVS Caremark)

  • For all prescriptions, you pay coinsurance

amount after the deductible;

  • Generic preventive medications available for $0
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6 COMPANY INTERNAL/PROPRIETARY

Aetna Medical Plans

Medical Savings Plan Choice Plus Plan Choice Plan Medical Savings Plan

Pay Period Contributions:

You Only: $41 You + Spouse: $96 You + Child(ren): $87 Family: $153

Pay Period Contributions:

You Only: $24 You + Spouse: $55 You + Child(ren): $49 Family: $87

Pay Period Contributions:

You Only: $10 You + Spouse: $21 You + Child(ren): $15 Family: $30

Visit nxp.com/benefits for details on 2017 benefits

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Kaiser Medical Plan

California Employees Only

Health Maintenance Organization (HMO) (Kaiser network coverage only)

  • Physicians

Copays: Primary Care — $35 Specialists — $35 Emergency Care — $150 copay

(then $500 hospital copay if admitted)

  • Deductible

$0

  • Coinsurance

100% (Plan pays)

  • Out-of-Pocket

$1,500 (Individual) Maximum $3,000 (Family) Prescription (Kaiser)

  • 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

You Only: $63 You + Spouse: $140 You + Child(ren): $116 Family: $215 Pay Period Contributions

Visit nxp.com/benefits for details on Kasier HMO

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MetLife Dental Plan

MetLife Dental

Network Name: PDP Plus

  • Deductible

– Individual $100 – Family $300

  • Annual maximum benefit of $2,000 per person
  • Orthodontia lifetime limit of $2,000 per person

Benefit Coverage Levels (in-network)

  • Preventive Care covered at 100%

– Cleanings, oral examinations and other maintenance type procedures

  • 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

  • ne at MetLife.com/dental

Pay Period Contributions You Only: $5.08 You + Spouse: $10.15 You + Child(ren): $10.62 Family: $16.62 Pay Period Contributions

Visit nxp.com/benefits for details on MetLife Dental

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  • 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

Disability Changes in 2017

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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
  • ption, please contact NXP Rewards Center

at (888) 375-2367

California Employees Only Voluntary Disability Insurance Update

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Talk with Alex

Need help understanding which plan is best for you? Meet Alex at myalex.com/nxp/2017

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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

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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

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