2018 U.S. BENEFITS ANNUAL ENROLLMENT TODAYS AGENDA Key changes for - - PowerPoint PPT Presentation

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2018 U.S. BENEFITS ANNUAL ENROLLMENT TODAYS AGENDA Key changes for - - PowerPoint PPT Presentation

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OCT. 23- NOV. 13, 2017 2018 U.S. BENEFITS ANNUAL ENROLLMENT TODAYS AGENDA Key changes for 2018 2018 Medical plan options Additional benefits offerings Annual Enrollment Support resources Oct. 23 Next steps Nov. 13,

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2018 U.S. BENEFITS ANNUAL ENROLLMENT

  • OCT. 23-
  • NOV. 13, 2017
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2 Amgen Proprietary—Internal Use Only

TODAY’S AGENDA

  • Key changes for 2018
  • 2018 Medical plan options
  • Additional benefits offerings
  • Support resources
  • Next steps

Annual Enrollment

  • Oct. 23–
  • Nov. 13, 2017
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3 Amgen Proprietary—Internal Use Only

If you take no action during Annual Enrollment, your current medical, dental and vision elections will carry over for 2018.

MOST BENEFITS WILL CARRY OVER FOR 2018

Medical Dental Vision Eligible Depen- dents’ Coverage Life/ Disability/ Lyra Health Legal Plan 401(k) Election* RMSA Flexible Spending Account Health Savings Account*

Will carry over to 2018 Will NOT carry over to 2018

*Can be changed anytime during the year

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Key Changes for 2018

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October 23–November 13, 2017

2018 HEALTH AND WELLNESS ANNUAL ENROLLMENT

New PPO medical and dental administrators Enhanced support resources Lyra Health program replacing PEP Increased FSA and HSA maximums

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Medical Plan Options

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7 Amgen Proprietary—Internal Use Only

Our PPO medical plans themselves are not changing. Prescription coverage remains with ESI.

ANTHEM PPO MEDICAL PLAN ADMINISTRATION

Broader network of providers Better negotiated rates and discounts for staff members and Amgen Improved online tools to manage your health

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8 Amgen Proprietary—Internal Use Only

If you enroll in an Anthem plan for 2018, you will receive individual ID cards by mail in December.

ANTHEM TRANSITION— WHAT YOU SHOULD DO

Verify your current medical providers are in network at amgenbenefits.com/ae

IN NETWORK

No action needed

NOT IN NETWORK

Review the transition of care information on amgenbenefits.com/ae

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9 Amgen Proprietary—Internal Use Only

Choose the right plan for you and your family

Amgen will continue to offer two types

  • f plans for 2018

2018 MEDICAL PLAN OPTIONS

  • Traditional PPO
  • Value PPO with

Health Savings Account (HSA) feature

PPO Regional HMOs

  • Kaiser (N. California)
  • UHC (California)
  • HMO Blue

(Northeast)

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10 Amgen Proprietary—Internal Use Only

2018 MEDICAL PLAN CONSIDERATIONS

Value PPO plan has the lowest premiums

  • verall – and the highest deductible

Medical plan premiums will not be changing for 2018

1 2

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11 Amgen Proprietary—Internal Use Only

Salary-based tiers for 2018* A: Less than $100,000 B: $100,000-$199,000 C: $200,000+

Coverage Tier Traditional PPO Value PPO HMOs Staff member + family

Tier A $172.15 $109.38 $151-$169 Tier B $186.00 $117.69 $162-$182 Tier C $199.85 $127.38 $173-$194

2018 MEDICAL COVERAGE PREMIUMS

Find salary-tiered premiums for all coverage levels listed in your Annual Enrollment Packet

Biweekly Premiums

(assuming no wellness credits)

*Salary tier is based on your base salary as of 11/15/17.

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The primary difference between the plans is how and when you pay for care, and how you save for expenses

TRADITIONAL PPO VS VALUE PPO

How the plans are the same How the plans differ

  • Same network of providers and services
  • Both cover Amgen products

(either pre- or post-deductible)

  • Free preventive care
  • 20% coinsurance after deductible,

in-network

Traditional PPO –  contribution /  deductible / Rx copays pre deductible Value PPO –  contribution /  deductible / Rx copays post deductible

COST FOR COVERAGE Value PPO Traditional PPO

Before deductible After deductible

ANNUAL DEDUCTIBLE RX COPAYS

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YOUR MEDICAL PLAN + HEALTH ACCOUNT

  • Healthcare Flexible Spending

Account (full-purpose)

  • Retiree Medical Savings Account

TRADITIONAL PPO or REGIONAL HMO

  • Healthcare Flexible Spending

Account (limited purpose only)

  • Retiree Medical Savings Account
  • Health Savings Account

VALUE PPO

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COMPARING THE HEALTH ACCOUNTS

Healthcare Flexible SPENDING Account (FSA) Health SAVINGS Account (HSA) Retiree Medical SAVINGS Account (RMSA)

How long they last

  • Lasts one year
  • Use it or lose it
  • You can roll $500 over for the

following year

  • Can be spent this year or saved for

future medical expenses (including retirement)

  • Stays with you, even after a job

change

  • Save for retirement medical costs
  • Your contributions stay with you, even

after a job change

  • Amgen credits are available if you retire

(are 55 with 10 years of service, or 65) Paperwork

  • Keep your receipts in case you

need to substantiate a claim

  • Keep your receipts in case you’re

audited by the IRS

  • File an extra form (8889) with your

taxes each year

  • Submit claims for reimbursement

Medical plan compatibility

  • Any medical plan
  • Only Limited Purpose FSA

available for Value PPO enrollees

  • Only available for Value PPO

enrollees

  • Any medical plan

How much you can contribute $2,650 pre-tax $3,450 single/$6,900 family (includes Amgen seed money) + $1,000 catch-up if age 55+ pre-tax Up to 50% of your base pay and/or 80% of your bonus/commissions after-tax Investment opportunities No Yes Yes

* When used for qualified healthcare expenses only; see IRS Publication 502 for details

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Review and update your current attestations during Annual Enrollment

Staff member who uses tobacco

MEDICAL SURCHARGES CARRY OVER

$150 per month

Waived if enrolled in tobacco cessation

Working spouse/domestic partner $50 per month

If enrolled in Amgen benefits and can obtain coverage from his/her employer (even as secondary)

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Achieve Gold or Silver Status by December 8 to receive a premium discount in your first paycheck in January

Vitality Status Premium Discount

WELLNESS CREDIT INCENTIVES

Coverage Level Medical Premium Discount

(per month)

Medical Premium Discount

(per biweekly pay period)

GOLD/SILVER GOLD/SILVER Staff member or Staff member + child(ren) $20/$10 $9.23/$4.62 Staff member + spouse/domestic partner— if both complete the Vitality Health Review $40/$20 $18.46/$9.23 Staff member + spouse/domestic partner— if only one completes the Vitality Health Review $20/$10 $9.23/$4.62

Note: Rates shown as Gold Status/Silver Status

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Additional Benefits

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18 Amgen Proprietary—Internal Use Only

Our dental plan itself is not changing.

DELTA DENTAL

One of the largest national provider networks View/print ID card online

(printed ID card not required to receive services) Verify your current provider participates at amgenbenefits.com/ae IN NETWORK

No action needed NOT IN NETWORK Review the transition

  • f care information on

amgenbenefits.com/ae

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We strive to balance cost increases while providing quality, cost- effective services

OTHER BENEFITS

Vision

No change to plan or premiums

Spouse/Domestic Partner Life

No change to plan or premiums

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The Lyra care team is available 24/7 to assist

LYRA HEALTH

Enhanced behavioral health program launched in September, replacing the Personal Effectiveness Program (PEP) Free to staff members and covered dependents Covers up to 20 in-person or live video sessions per person per issue, as clinically indicated by Lyra Providers tailored to your specific needs

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For more information, visit amgen.lyrahealth.com

LYRA HEALTH CAN HELP WITH…

Common behavioral issues

(stress, anxiety, postpartum and

  • ther kinds of depression,

relationship issues, and sleep disorders)

Outpatient behavioral health services Financial referrals Legal and identity theft referrals

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Plan FSA contributions wisely— You can carry over up to $500 in your HCFSA into the next year

FLEXIBLE SPENDING ACCOUNTS (FSA)

  • Contribute up to $2,650
  • Carry over rules apply
  • Use the account to pay for*

— Deductible, coinsurance, copays — Prescriptions — Dental — Vision

  • Contribute up to $5,000
  • No carry over—use it or lose it
  • Use the account to pay for

— Before- and after-school care — Child day care, adult care or elder care — Summer day camp

HEALTHCARE FSA (HCFSA) DEPENDENT CARE FSA (DCFSA)

*If you are enrolled in the Value PPO, you can only use your “limited purpose” account for dental and vision expenses until you meet your medical/Rx deductible

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NEW BENEFITWALLET DEBIT CARD

If you participate in a flexible spending account through Amgen, look for an updated debit card in December.

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Support Resources

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Personalized help for Amgen staff members and covered family members with everyday health situations and assistance to make sure you get the most out of your Amgen benefits

ANTHEM HEALTH GUIDES

Available via: Phone Email Chat

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Learn about doctors, diagnoses and treatments Identify specialists or surgeons Make decisions on an optimal course of treatment Prepare for an inpatient procedure Have a safe hospital discharge and recovery process

ANTHEM HEALTH GUIDES

Enhanced, personalized support starting early in the treatment process

Anthem may reach out if you or a covered family member faces a chronic, complex

  • r serious health condition
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ADDITIONAL ANTHEM PROGRAMS

LiveHealth Online

24/7 on-demand board-certified doctor

WIN Fertility

24/7 fertility support

Voluntary Site of Care

Site of care redirection

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28 Amgen Proprietary—Internal Use Only

Find out what’s covered, how much services cost, and specific details of your healthcare spending Receive personalized health tips, care alerts and reminders on your mobile device Locate in-network doctors and specialists near you, with ratings and reviews

ANTHEM ENGAGE

YOUR PERSONALIZED HEALTH ASSISTANT

Available January 1, 2018

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Access tools and resources in the Amgen Benefits Center Estimates your annual costs using actual claims data

ONLINE TOOLS AND RESOURCES— CONDUENT HEALTH PLAN EVALUATOR

Helps you make an informed medical plan decision

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ONLINE TOOLS AND RESOURCES— VIDEO RESOURCE LIBRARY

Short videos on health, financial and

  • ther benefits

Available at Amgentotalrewards.com Includes enhanced information about

  • ur plans and programs
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Next Steps

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32 Amgen Proprietary—Internal Use Only

  • Oct. 6

Annual Enrollment materials available online at amgenbenefits.com/ae

  • Oct. 23-Nov. 13

Annual Enrollment

  • Oct. 10-Nov. 10

Webcasts and road show

  • Jan. 1 2018

Benefits elected during Annual Enrollment take effect

TIMELINE

Oct. Nov. Dec. Jan.

  • Nov. 20

Confirmation statements mailed to homes

  • Dec. 15-31

New ID cards and welcome packets mailed (based on elections)

  • Dec. 8

Deadline for maximum wellness premium discount for 2018

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HOW TO ENROLL

Annual Enrollment

  • Oct. 23–Nov. 13, 2017

Visit MyAmgen > HR > Benefits > Annual Enrollment

From outside the company intranet, log on to benefits.amgen.com

Questions?

Call the Amgen Benefits Center at 800-97-AMGEN (800-972-6436)

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Thank You

LEARN MORE AMGENBENEFITS.COM/AE ENROLL BENEFITS.AMGEN.COM

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35 Amgen Proprietary—Internal Use Only

IMPORTANT INFORMATION FROM AMGEN

This presentation is intended to provide an overview of certain benefit plans and programs offered to certain Amgen U.S.-based staff members. It does not constitute an offer of employment or compensation. Should any discrepancy exist between the plan or program documents governing an Amgen benefit and the information stated in this brochure, the official plan or program documents, which are maintained by Human Resources, will prevail. You are encouraged to obtain copies of this information and review in detail. Amgen reserves the right to change or terminate the programs and benefits described at any time without notice. Information provided during this presentation is informational only and is meant to provide examples. You should consult with your Tax Advisor to find out how best to distribute your money amongst the available plan options at Amgen. Nothing in this presentation purports to provide tax or legal advice.