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