Presentation Title RQP3 Open Enrollment 2018 November 6- 17, 2017 - PowerPoint PPT Presentation

Presentation Title RQP3 Open Enrollment 2018 November 6- 17, 2017

New for 2018! • New Enrollment System: Explain My Benefits ( www.ExplainMyBenefits.biz/ReliaQuest ) • New Insurance Options: Dependent Care FSA, Critical Illness Insurance, Accident Insurance, Whole Life Insurance • Higher allowable life insurance and guarantee issues • Richer Short-term and Long-term disability plans • New Carriers

Your Medical Benefits United Healthcare | HDHP Choice Plus | www.MyUHC.com Annual Deductible Employee Only Employee + Dependent(s) The amount you pay for covered $1,500 $3,000 health services before UHC begins to pay. Out-of-network: $5,000 Out-of-network: $10,000 Coinsurance Your cost after deductible Your share of covered health care 0% services after you have met your annual deductible (except for Out-of-network: 50% prescription medications). Maximum Out-of-Pocket Employee Only Employee + Dependent(s) The most you pay for all covered $3,000 $6,000 expenses, including prescription medications , during a plan year before your health plan begins to Out-of-network: $10,000 Out-of-network: $20,000 pay 100%.

Your Medical Benefits

Your Medical Benefits Pharmacy Annual Deductible Retail (Up to 31-day supply) Mail Order (Up to 90-day supply) Tier 1 $10 $25 (Discount of $5) Annual Deductible Retail (Up to 31-day supply) Mail Order (Up to 90-day supply) Tier 2 $35 $87.50 (Discount of $17.50) Annual Deductible Retail (Up to 31-day supply) Mail Order (Up to 90-day supply) Tier 3 $60 $150 (Discount of $30) • Prescription copays apply after you have met your deductible. (Until then, you pay the retail cost for each prescription.) • You can sign up for the mail order through your MyUHC account. • See the Prescription Drug List booklet for more information.

Your Medical Benefits *Rates stay the same in 2018! Bi-Weekly Cost Coverage Tier (per pay period) Employee Only $0 Employee + Spouse $66.27 Employee + Child(ren) $52.35 Employee + Family $88.41

Your Dental Benefits *Lower rates in 2018!

Your Vision Benefits * 100% Paid for by RQ

Your Health Savings Account Bank of America HSA • Pre-tax savings account that allows you to set aside money to pay for qualified health expenses. • You will be automatically enrolled with the election of medical. • RQ contributes $200 per quarter, up to $800 per year Maximum Employee Medical Coverage Tier Contribution (per IRS regulations) $3,450 Employee Only Less the RQ quarterly contributions $6,900 Employee + Dependent(s) Less the RQ quarterly contributions * $1,000 catch-up contribution for ages 55+

Your Health Savings Account Benefits of an HSA • Balance rolls over year-to-year. • Reduces your taxable income and increases your take home pay. • The account is fully portable and belongs to you, even if qualifying medical coverage ends. • Account accrues interest over time. • When you reach retirement, funds can be cashed out with no tax penalty.

Your Health Savings Account Examples of qualified expenses Example of Tax Savings • Acupuncture • Dental treatment • Doctor's visits Your increased annual take-home pay and HSA savings depend on your income tax • Prescriptions bracket. • Eyeglasses, contact lenses and exams If you are in a 30 percent tax bracket, you can • Operations/surgery (non-cosmetic) save $30 for every $100 that you put into your • Physical therapy HSA. • Chiropractic services Put $1,000 in your account, and you increase • Psychiatric care your annual take-home pay by $300. • Limited over-the-counter products

Your Dependent Care FSA Pre-tax account to set aside money from each paycheck for dependent care expenses. The annual IRS limit is $5,000. If you are married and file separate returns, you can each elect $2,500 for the calendar year. Examples of eligible expenses: • Before and after-school care • Childcare at a day camp, nursery school, or by a private sitter. • Early drop-off and late pick-up fees • Summer or holiday day camps, including registration fees • Expenses for a housekeeper whose duties include caring for an eligible dependent • Care of an incapacitated adult who lives with you at least eight hours a day Eligible Dependents: • Children under age 13 who are claimed as a dependent for tax purposes • Disabled spouse or disabled dependent of any age

Your Voluntary Benefits

Accident Insurance • This plan pays out a cash benefit for qualifying accidents. • Benefits are paid directly to you or your beneficiary. • Funds can be used however they are needed — not only for emergency treatment, hospital stays and medical exams, but for other related expenses, such as transportation, lodging needs, etc. • Lump sum cash payouts vary based on each specific qualifying accident. • $100 cash benefit paid to you and any dependents on the plan per calendar year, if you go to a physician for one or more qualified health screenings. To view of list of qualified health screenings- please see the “Group Accident Brochure” posted on Explain My Benefits enrollmen t portal.

Accident Insurance Example 1: Johnny’s parents haven’t met their deductible. What are poor Johnny’s parents to do?

Accident Insurance Example 2:

Critical Illness Insurance Critical Illness & Cancer insurance pays you a cash lump sum if you or any enrolled dependent is diagnosed with a qualifying critical illness or cancer. • Guaranteed Issue: $20,000 Employee, $10,000 Spouse, and $10,000 Children. • Available for spouse and children as well • 30 day waiting period • Fully Portable • $50 cash benefit paid to you and any dependents on the plan per calendar year, if you go to a physician for one or more qualified health screenings.

Your Life Insurance Basic Life and AD&D At no cost to you, RQ provides a basic life and AD&D policy through Cigna. The life insurance benefit is equal to 1x your annual salary. All employees are eligible. You will need to enter your beneficiaries in the EMB portal.

Your Life Insurance Voluntary Life Employee: apply in increments of $10,000 to a maximum of $500,000. Guarantee Issue amount up to $150,000. Spouse : apply in increments of $5,000 up to the lesser of 100% of the employee voluntary life or $150,000. Guarantee Issue amount up to $10,000. Child : apply in increments of $2,000 to a maximum of $10,000, for dependent children up until they can no longer be claimed as a full-time student. The benefit amount from birth to six months is $500. Amounts over the Guaranteed Issue limit will require Evidence of Insurability (EOI).

Your Life Insurance Whole Life • Designed to remain in force for the insured's entire lifetime. • Premiums are fixed, based on the age at issue, and do not increase with age. • Whole life insurance includes insurance and investment components: The insurance component pays when the insured individual dies. The investment component builds an accumulated cash value the insured individual can borrow against or withdraw. Please view the plan document on the ExplainMyBenefits portal for more information.

Your Short-Term Disability • 100% Paid by RQ • Begins after 7 days of becoming sick or injured. (when employee is unable to work) • Pays 60% of average weekly earnings up to $2,000. Ends at the end of the 12 th week. •

Your Long-Term Disability • 100% Paid by RQ • Begins after 13 weeks of becoming sick or injured. • Pays 60% of average monthly earnings up to $12,000. • Benefit period paid up to the Social Security Normal Retirement Age. (if you were born 1960 or later, this would be 67 years old)

Life Assistance Program • 100% paid for by RQ • 3 face-to-face sessions with a counselor available to you and your dependents. • Free Will preparation • Free secure travel insurance • Free identity theft protection plan

Explain My Benefits Enrollment Portal www.ExplainMyBenefits.biz/ReliaQuest

Explain My Benefits Enrollment Portal Your Login Credentials Employee ID: The last four digits of your SSN plus your date of birth. (1234MMDDYY) PIN: Four-digit birth year (YYYY) www.ExplainMyBenefits.biz/ReliaQuest

Explain My Benefits Enrollment Portal Please verify all of your personal and dependent information for accuracy. www.ExplainMyBenefits.biz/ReliaQuest

www.ExplainMyBenefits.biz/ReliaQuest

www.ExplainMyBenefits.biz/ReliaQuest

Once you reach the end of the enrollment, please confirm your benefits. To enroll successfully, you MUST see a confirmation as shown below: www.ExplainMyBenefits.biz/ReliaQuest

One-on-one Benefits Meeting

One-on-one Benefits Meeting

Key Contacts Holly Intini, Team RQ Hintini@ReliaQuest.com (813) 210-8488

Questions?