Freescale U.S. Benefits 2016 Annual Enrollment TM Internal Use - - PowerPoint PPT Presentation

Internal Use

Freescale U.S. Benefits

2016 Annual Enrollment

What We’ll Cover Today

• Important dates & resources
• What’s changing
• What you need to do

• Freescale will share the financial impact of

increasing health care costs

• Minimal changes to benefits in 2016 with no

additional changes in 2016 after merger close

• Tools and resources to help you make

informed decisions

The elections you make during Annual Enrollment are effective from Jan. 1 – Dec. 31, 2016. The closing of the Freescale-NXP merger will have no impact on your 2016 health coverage or your choices made during Annual Enrollment.

Medical

• + $0 - 8* per pay period
• Medical Savings Plan family out of pocket maximum decreasing from $10,000 to $6,850

Dental

• Provider changing to MetLife
• No change to benefit coverage or contributions
• Visit metlife.com to check if your provider is in the MetLife PDP Plus network

Vision

• Benefit coverage enhancements, like $10 copay for lens and frames
• + $1 per month

Life Insurance, Disability, AD&D

• Additional Spouse Life options with coverage amounts up to $250,000, decreased contributions for some
• Child Life coverage updated to $15,000
• Long-term disability buy-up is being eliminated, currently only available to those who make > $200,000
• New Hyatt Legal program available through payroll deductions
• No changes to any of the other life insurance and disability programs

*If you completed your wellness screening

• Contributions
• How often you go to the doctor
• Prescription drug needs
• Ongoing medical issues
• Retirement planning

Let’s find out which plan is right for you and your family.

Network: EPO (In-network coverage

• nly)

Copay: $10, Teladoc $20, generalist $30, Aexcel specialist/urgent care $50, non-Aexcel specialist $100, then 10%, ER Deductible: $0 Coinsurance: 10% Out-of-pocket maximum*: $4,000, individual $8,000, family

Choice Plus Choice

Network: PPO (In- and Out-of- network coverage) Copay: $10, Teladoc $20, generalist $30, Aexcel specialist/urgent care $50, non-Aexcel specialist $100, then 20%, ER Deductible: $200, individual $400, family Coinsurance: 20% Out-of-pocket maximum*: $5,000, individual $10,000, family Retail $5, generic 70% up to $75 retail, preferred brand 50% up to $100 retail, non-preferred Mail Order (90-day supply) $10, generic 70% up to $175 mail, preferred brand 50% up to $250 mail, non-preferred

Prescriptions* Medical Savings

Network: PPO (In- and Out-of-network coverage) Freescale funds: $500, individual $1,000, family Copay: None; you pay 100% of the visit (deductible then coinsurance until you meet your out-of-pocket) Teladoc: Deductible then coinsurance, no more than $40 Deductible: $1,500, individual $3,000, family Coinsurance: 20% Out-of-pocket maximum: $5,000, individual $6,850, family Prescriptions: You pay 100% of the discounted cost (deductible then coinsurance until you meet your out-of- pocket), Preventive generic prescriptions fully covered by Freescale

Network: EPO (In-network coverage

• nly)

Copay: $10, Teladoc $20, generalist $30, Aexcel specialist/urgent care $50, non-Aexcel specialist $100, then 20%, ER Deductible: $0 Coinsurance: 10% Out-of-pocket maximum*: $4,000, individual $8,000, family

Choice Plus Choice

Network: PPO (In- and Out-of- network coverage) Copay: $10, Teladoc $20, generalist $30, Aexcel specialist/urgent care $50, non-Aexcel specialist $100, then 20%, ER Deductible: $200, individual $400, family Coinsurance: 20% Out-of-pocket maximum*: $5,000, individual $10,000, family Retail $5, generic 70% up to $75 retail, preferred brand 50% up to $100 retail, non-preferred Mail Order (90-day supply) $10, generic 70% up to $175 mail, preferred brand 50% up to $250 mail, non-preferred

Prescriptions* Medical Savings

Network: PPO (In- and Out-of-network coverage) Freescale funds: $500, individual $1,000, family Copay: None; you pay 100% of the visit (deductible then coinsurance until you meet your out-of-pocket) Teladoc: Deductible then coinsurance, no more than $40 Deductible: $1,500, individual $3,000, family Coinsurance: 20% Out-of-pocket maximum: $5,000, individual $6,850, family Prescriptions: You pay 100% of the discounted cost (deductible then coinsurance until you meet your out-of-pocket), Preventive generic prescriptions fully covered by Freescale

You Only: $0 You + Spouse: $7 You + Child(ren): $5 You + Family: $10 Medical Savings You Only: $23 You + Spouse: $51 You + Child(ren): $47 You + Family: $81 Choice You Only: $39 You + Spouse: $90 You + Child(ren): $82 You + Family: $142 Choice Plus

(Up $1/$8 per paycheck; if completed wellness screening) (Up $1/$6 per paycheck; if completed wellness screening) (Up $3 per paycheck for families; if completed wellness screening)

Need help understanding the best plan for you? Try Alex.

Don’t Fear the Form

• New IRS Form 1095-C will be mailed to Freescale employees by Jan. 31, 2016

to be used for 2015 income tax filing

• You will receive your Form 1095-C in early February
• Sign up for e-delivery on freescale.com/rewards if you want it faster
• Used to verify compliance with employer/individual mandates and eligibility

for Marketplace premium tax credits

• New rules for SSN solicitations – add SSNs for your dependents on

freescale.com/rewards if you haven’t already

You will be defaulted into the coverage in which you are currently enrolled. This includes your flexible spending accounts – health and dependent care. If you are enrolled in the Medical Savings Plan you must re- establish your HSA and Limited Use FSA contributions for 2016.

 Explore your plan options, freescale.com/benefits  Talk with Alex, myalex.com/freescale/2016  Discuss your healthcare needs with your family  Review eligible dependents, add their Social Security number if it is missing  Call Freescale Rewards at (888) 375-2367 with questions  And…

… Don’t forget to enroll October 19 -30 by visiting freescale.com/rewards.

• Alex – High-level overview of the FSL plans and your available options at

myalex.com/freescale/2016

• Benefits website – Plan details and access to enrollment related materials at

Freescale.com/benefits

• Castlight – Find high quality providers and understand how much it will cost at

Freescale.com/castlight

• Employee Assistance Plan – Responsive, caring and effective services to help balance your

personal and professional life at (866) 702-7435

• FSL Rewards website – Take action and enroll between Oct. 19-31 at Freescale.com/rewards
• Rewards Center – Answers to your enrollment questions and if you need to talk to someone

about your benefits, add a new baby, etc., call (888) 375-2367

• Teladoc – Minor medical issue and need to talk to a doctor asap, call (855) 835-2362 or visit

Teladoc.com/freescale