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2008 Annual Enrollment. Training Presentation April 2008. Agenda. Overview of 2008-2009 benefits What’s new and/or changing July 1 What you need to do Enrollment dates and My Benefits Access Benefits enrollment Questions?. 2008-2009 Benefits. Medical Dental Vision

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2008 Annual Enrollment

Training Presentation

April 2008


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Agenda

  • Overview of 2008-2009 benefits

    • What’s new and/or changing July 1

  • What you need to do

    • Enrollment dates and My Benefits Access

  • Benefits enrollment

  • Questions?



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Medical

Dental

Vision

Flexible Spending Accounts

Basic Life Insurance

Optional Life Insurance

Basic Accidental Death and Dismemberment

Optional Accidental Death and Dismemberment

Short-term Disability (if offered by your sector)

Long-term Disability

Employee Assistance Program

Group Legal

Voluntary Insurance (through the Northrop Grumman Federal Credit Union)

Overview of 2008-2009 Health Benefits


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What’s Changing July 1

  • Medical

    • New carrier for Premium and Preferred PPOs

    • Prescription drug changes under the PPO and EPO options

    • Reduced lifetime maximum of $12,500 for infertility treatment under PPO and EPO options

  • Flexible Spending Accounts  reduced annual limit of $2,500 for highly compensated employees

  • Cost increases for Premium PPO and Cigna EPP


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Anthem Blue Cross

  • Provider network is the same as the Blue Cross Blue Shield network

  • New medical ID cards issued before July 1, 2008

  • Access to Anthem’s care management program, 360 Degree Health


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Prescription Drug Changes

  • Generic preferred refills (PPO and EPO options)

  • Mandatory mail-order for maintenance medications (PPO and EPO options)

  • Step Therapy program for PPO participants


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Flexible Spending Accounts

  • If you earn $100,000 or more in 2008, your annual contribution limit to the Dependent Care FSA will be reduced to $2,500


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Employee costs

  • Changes to how employee contributions are calculated

  • Significant cost increases for Premium PPO and Cigna EPP options


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Lumenos HRA Plan

(in-network)


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Lumenos HRA Plan

Plan Year Amounts

Health ReimbursementAccount (HRA)

Preventive Care 100%

Bridge

Traditional Health Coverage

Coinsurance Maximum

Mental Health/Substance Abuse and prescription drug benefits are covered under the plan.


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Comparing the Medical Plan Options


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Comparing the Medical Plan Options


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Example: Sharon

  • Average user of health care benefits

  • Family coverage

  • Potential health care services/needs (with assumed actual cost of service):

    • Three routine preventive care visits ($125 each)

    • Two specialist visits ($175 each)

    • 20 physical therapy visits for treating sports-related injury ($100 per visit)

    • Two generic maintenance prescriptions filled monthly ($20 each per month)

    • One preferred brand prescription ($60)


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Example: Sharon’s Costs

* This example assumes in-network services only.


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Example: Sharon’s Costs (cont.)


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Example: Sharon’s Costs (cont.)



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What You Need To Do

  • Review

    • Current benefits coverage and 2008-2009 options with eligible family members

    • How you use your benefits, and what your needs will be in the coming benefit plan year

    • Whether you could save money by choosing a different (but still appropriate) option


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What You Need To Do (cont.)

  • Enroll

    • Use the tools and resources at My Benefits Access to evaluate your options

    • Make changes to current health benefits coverage during your enrollment period

    • If You Don’t Enroll

      • Continue current coverage for medical, dental, vision, life, disability, and AD&D (as applicable) at new plan year costs

      • Current coverage in following plans will continue unless you make a change:

        • Health Care and/or Dependent Care FSAs

        • Group Legal plan




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How to Enroll > Online

  • Go to Benefits OnLine at http://benefits.northropgrumman.com and click on the “Enroll With Your Sector” button

    • Select your sector to review general benefits and enrollment information

    • Log into My Benefits Access

      • First-time visitors will need to set up a user ID and password

    • Make your elections and print a confirmation statement


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How to Enroll > By Phone

  • No Web Access?

    • Call the Northrop Grumman Benefits Center (NGBC) at 1-800-894-4194 to enroll

      • If hearing impaired, will need to use a relay service through TTY/TDD provider

    • Available Monday through Friday, 9:00 a.m. to 6:00 p.m. Eastern time


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