Open Enrollment 2020 Open Enrollment Dates: October 9 25, 2019 - - PowerPoint PPT Presentation

Open Enrollment 2020

Open Enrollment Dates: October 9 – 25, 2019

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Agenda

• What’s Changing for 2020

─ Vendor Changes and Addition ─ Plan Enhancements ─ Pricing Changes

• What’s Not Changing
• Important Reminders

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What’s Changing for 2020

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What’s Changing

Medical

• BlueCross BlueShield (BCBS) will be the new U.S.

medical plan provider

− New medical/pharmacy ID card will arrive before 1/1/2020 − Check www.bcbstx.com Blue Choice PPO Network − MDLIVE will replace Teladoc as the telemedicine provider, with behavioral health added − Magellan Healthcare will replace Resources for Living as the EAP provider − Gym membership benefit

− For more information click here: http://mycpchembenefits.com/wellness [mycpchembenefits.com]

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What’s Changing

Medical

Plan Enhancements

• In vitro fertilization (IVF) coverage

− Medical expenses - up to $10,000/lifetime − Prescription drugs - up to $5,000/lifetime

• Applied Behavioral Analysis (ABA) coverage
• For children diagnosed with autism on or before age 10

− Covered services include:

• Medications
• Psychiatric or psychological care
• Therapeutic care

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What’s Changing

Pharmacy

• Pharmacy provider is changing from embedded

to carved out with CVS Caremark as the provider

− Participants impacted by formulary changes will be contacted by CVS Caremark in the 4th quarter

− See CVS Caremark documents

http://mycpchembenefits.com/health [mycpchembenefits.com]

─ Pharmacy plan number will be printed on the back of the BCBS medical card

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What’s Changing

Navigation/Advocacy

• HealthAdvocate

− Navigation/advocacy vendor − A single point of contact for a variety of benefit questions – One number to call! − Find providers, schedule appointments, second opinion support, resolve coverage, eligibility, benefits and billing issues − Medicare questions and support − All employees and their families are eligible − You do not have to be enrolled in CPChem medical coverage to be eligible − Access HealthAdvocate via phone at 866-799-2731, website at www.healthadvocate.com/members

• r mobile app

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What’s Changing

Other

• Health Care FSA debit card add

− Streamlined reimbursement replaced with full access debit card (qualified providers)

• Your Journey to Wellness

− Addition of financial wellness activity

• Consumerism Videos (Video Vault)

− Provides shorts clips of benefit information throughout the year touching on popular topics

• Mercer Benefits Service Center will be changing to

Morneau Shepell in 2020 – no impact to participants for now

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Plan Rate Increase/Decrease Employee Annual Cost Increase

Domestic Medical Plan 0.0% $0 Retiree Medical Plan 0.0% $0 Domestic Dental Plan 5.1% $108,000 Retiree Dental Plan 5.1% $21,000 Life, Accident and LTD Rate Updates (0.8%) ($60,000)

Pricing

What’s Changing

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What’s Changing Monthly Domestic Active Medical Rates (0% increase)

Your Contributions CPChem Contributions Total Value CDH Plan Employee – Only $0.00 $698.94 $698.94 Employee + Spouse $34.38 $1,540.82 $1,575.20 Employee + Child(ren) $29.60 $1,326.34 $1,355.94 Employee + Family $41.19 $1,845.94 $1,887.13 Choice PPO Plan Employee – Only $90.39 $698.94 $789.33 Employee + Spouse $238.12 $1,540.82 $1,778.94 Employee + Child(ren) $204.97 $1,326.34 $1,531.31 Employee + Family $285.26 $1,845.94 $2,131.20 EPO Plan Employee – Only $217.89 $698.94 $916.83 Employee + Spouse $525.45 $1,540.82 $2,066.27 Employee + Child(ren) $452.31 $1,326.34 $1,778.65 Employee + Family $629.50 $1,845.94 $2,475.44

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What’s Changing Monthly Domestic Active Dental Rates (5.1% increase)

Your Contributions CPChem Contributions Total Preventive Dental Employee – Only $7.94 $7.94 $15.88 Employee + Spouse $15.88 $15.88 $31.76 Employee + Child(ren) $16.68 $16.68 $33.36 Employee + Family $24.62 $24.62 $49.24 Comprehensive Employee – Only $21.72 $21.72 $43.44 Employee + Spouse $43.43 $43.43 $86.86 Employee + Child(ren) $45.62 $45.62 $91.24 Employee + Family $67.32 $67.32 $134.64

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Key Point: After implementing our 2020 pricing, the Value CDH Plan and Choice PPO Plan premiums are lower than benchmarks, and the EPO plan is still higher than benchmarks, consistent with our pricing philosophy.

Domestic Medical Premium Benchmarking

What’s Changing

Source: Mercer’s National Survey of Employer-Sponsored Health Plans, 2018`

Plan / Tier CPChem 2020 Mercer 2018 Chemicals 500+ Mercer 2018 Nationals 500+ EPO EE-Only $217.89 $153.75 $133.69 Family $629.50 $484.25 $488.92 PPO EE-Only $90.39 $167.48 $156.39 Family $285.26 $509.43 $519.61 CDHP (HSA) EE- Only $0.00 $77.43 $92.57 Family $41.19 $250.50 $348.11

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Health Care FSA, Health Savings Limits

What’s Changing

2020 2019 EE Only* $3,550 $3,500 EE + all other dependents* $7,100 $7,000 HSA Limits - IRS

*Note: $1,000 HSA catch-up contribution available in year you turn 55

2020 2019 Health Care FSA & Limited Purpose FSA $2,700 $2,650 Dependent Care FSA $5,000 $5,000

FSA Limits – IRS*

* IRS announces the FSA limit increases later in the year, beyond the time when we could incorporate them in the Open Enrollment requirements.

• CPChem increases the limits for the HSA as allowed by the IRS.
• CPChem will contribute $500 for EE Only coverage and $1,000 for EE + coverage.

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What’s Not Changing for 2020

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What’s Not Changing

Returning in 2020

https://www.myalex.com/cpchem [myalex.com]

ALEX Our decision support tool.

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Important Reminders

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Important Reminders

• Open Enrollment Period: October 9th – October 25th
• You can make your elections one of two ways:
• On the website at www.cpchembenefits.mercerhrs.com
• By calling – 1-800-446-1422, option 1 (available 8:00 am –

5:00 pm U.S. Central time, Monday through Friday)

• Open Enrollment is your annual opportunity to make

changes to your benefits without a qualified status change

• All Open Enrollment Materials are available at

www.mycpchembenefits.com on or before October 8th.

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Important Reminders (cont.)

• Any dependents removed from coverage during Open

Enrollment will not be offered COBRA

• Eligible dependents include:
• Legally married spouses, and
• Biological children, stepchildren, foster children, legally adopted children,

children placed for adoptions and children under permanent legal guardianship and/or sole managing conservatorships

• Failure to properly and timely respond to the post-

enrollment Dependent Verification process will result in the dependents being dropped from coverage

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Important Reminders (cont.)

• Most elections will rollover
• The following elections will NOT rollover:
• Flexible Spending Accounts (FSA) and the Health Savings

Account (HSA)

• Spousal Surcharge attestation must be completed each year
• r the surcharge will be assessed regardless of the previous

year’s attestation.

• Increases to Life and Long-Term Disability elections

required a Statement of Health

• Confirmation Statements scheduled to mail on

November 12th

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Notice to Participants

This Chevron Phillips Chemical Benefits presentation, including the examples contained herein, are not intended to constitute a promise or contractual commitment by the Company or a right to benefits under any of its employee benefit plans. The Company reserves the right to unilaterally change or terminate any or all of its employee benefit plans at any time and without prior notice. Also, modifications may be necessary to comply with applicable legal requirements. In the event of any inconsistency between a statement contained in this presentation and the relevant plan document, the plan document will control. Employees covered by collective bargaining agreements will also be subject to the benefit plan provisions contained in the applicable collective bargaining agreements. In addition, this presentation is not intended to be and should not be treated as investment advice or tax advice. Participants should not rely upon the information contained in this presentation as a substitute for obtaining specific tax advice or investment advice from their tax advisor or financial planner.

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Conclusion

The Benefits Team thanks you for your time and attention!!!