2008 annual enrollment
Download
Skip this Video
Download Presentation
2008 Annual Enrollment

Loading in 2 Seconds...

play fullscreen
1 / 24

2008 annual enrollment - PowerPoint PPT Presentation


  • 252 Views
  • Uploaded on

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

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about '2008 annual enrollment' - Leo


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
2008 annual enrollment

2008 Annual Enrollment

Training Presentation

April 2008

agenda
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?
overview of 2008 2009 health benefits
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
what s changing july 1
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
anthem blue cross
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
prescription drug changes
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
flexible spending accounts
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
employee costs
Employee costs
  • Changes to how employee contributions are calculated
  • Significant cost increases for Premium PPO and Cigna EPP options
lumenos hra plan
Lumenos HRA Plan

(in-network)

lumenos hra plan11
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.

example sharon
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)
example sharon s costs
Example: Sharon’s Costs

* This example assumes in-network services only.

what you need to do
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
what you need to do cont
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
how to enroll online
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
how to enroll by phone
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
ad