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

Freescale U.S. Benefits 2016 Annual Enrollment TM Internal Use What Well Cover Today Important dates & resources Whats changing What you need to do Freescale will share the financial impact of increasing health care


  1. Freescale U.S. Benefits 2016 Annual Enrollment TM Internal Use

  2. What We’ll Cover Today • Important dates & resources • What’s changing • What you need to do

  3. • 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

  4. 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.

  5. 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

  6. • 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.

  7. Choice Plus Choice Medical Savings Network: EPO (In-network coverage Network: PPO (In- and Out-of- Network: PPO (In- and Out-of-network only) network coverage) coverage) Copay: Copay: Freescale funds: $10, Teladoc $10, Teladoc $500, individual $20, generalist $1,000, family $20, generalist $30, Aexcel specialist/urgent care $30, Aexcel specialist/urgent care Copay: None; you pay 100% of the visit $50, non-Aexcel specialist $50, non-Aexcel specialist (deductible then coinsurance until you $100, then 10%, ER $100, then 20%, ER meet your out-of-pocket) Deductible: Deductible: $0 Teladoc : Deductible then coinsurance, no $200, individual more than $40 $400, family Coinsurance: 10% Coinsurance: 20% Deductible: Out-of-pocket maximum*: Out-of-pocket maximum*: $1,500, individual $5,000, individual $4,000, individual $3,000, family $8,000, family $10,000, family Coinsurance: 20% Out-of-pocket maximum: Retail Prescriptions* $5,000, individual $5, generic $6,850, family 70% up to $75 retail, preferred brand 50% up to $100 retail, non-preferred Prescriptions: You pay 100% of the Mail Order (90-day supply) discounted cost (deductible then $10, generic coinsurance until you meet your out-of- 70% up to $175 mail, preferred brand pocket), Preventive generic prescriptions 50% up to $250 mail, non-preferred fully covered by Freescale

  8. Choice Plus Choice Medical Savings Network: EPO (In-network coverage Network: PPO (In- and Out-of- Network: PPO (In- and Out-of-network only) network coverage) coverage) Copay: Copay: Freescale funds: Choice Choice Plus Medical Savings $10, Teladoc $10, Teladoc $500, individual $20, generalist $20, generalist $1,000, family $30, Aexcel specialist/urgent care $30, Aexcel specialist/urgent care Copay: None; you pay 100% of the visit You Only: $39 You Only: $23 You Only: $0 $50, non-Aexcel specialist $50, non-Aexcel specialist (deductible then coinsurance until you meet $100, then 20%, ER $100, then 20%, ER your out-of-pocket) You + Spouse: $90 Deductible: You + Spouse: $51 You + Spouse: $7 Deductible: $0 Teladoc : Deductible then coinsurance, no $200, individual more than $40 $400, family You + Child(ren): $47 You + Child(ren): $5 Coinsurance: 10% You + Child(ren): $82 Coinsurance: 20% Deductible: Out-of-pocket maximum*: Out-of-pocket maximum*: $1,500, individual You + Family: $81 You + Family: $10 You + Family: $142 $5,000, individual $4,000, individual $3,000, family $8,000, family $10,000, family Coinsurance: 20% Out-of-pocket maximum: Retail Prescriptions * $5,000, individual (Up $1/$6 per paycheck; if (Up $3 per paycheck for (Up $1/$8 per paycheck; if $5, generic $6,850, family 70% up to $75 retail, preferred brand completed wellness completed wellness families; if completed 50% up to $100 retail, non-preferred Prescriptions: You pay 100% of the discounted screening) wellness screening) screening) Mail Order (90-day supply) cost (deductible then coinsurance until you $10, generic meet your out-of-pocket), Preventive generic 70% up to $175 mail, preferred brand prescriptions fully covered by Freescale 50% up to $250 mail, non-preferred

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

  10. 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

  11. 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.

  12.  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.

  13. • 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

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