H.B. Fuller Company 2010 Open Enrollment:. Helping you Buy Well, Use Well, Be Well. October, 2009. Today’s Discussion. Overview of 2010 medical options Tools and resources How and when to enroll Incentives reminder and sales pitch. PURPOSE OF TODAY’S MEETING:
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Helping you Buy Well, Use Well, Be Well
PURPOSE OF TODAY’S MEETING:
To help you understand your medical plan options
1 Medical Plan
3 Options for Paying
Aetna’s DocFind has a link for alternatives to the ER
Deductible – the amount you pay before the plan pays
* This is an additional deductible – not part of in-network.
Co-insurance: The percentage of the cost you pay after you meet your deductible
Out of Pocket Maximum: The most you will pay out of pocket for the year
Separate maximum for in-network and out-of-network.
*OOP Maximum for out-of-network does not include costs over “reasonable and customary”
* Office visit co-pays, ER co-pays pharmacy co-pays not included
Example cost for non-formulary drug:
Retail Drug Cost: $450
Aetna Negotiated Rate: $292
You pay: Market 500 (50%) $80 (ongoing)
Value 750 (50%) $80 (ongoing)
High Deductible* $292
* Pay full amount until deductible is met
What is an HSA?
It is a savings account that is owned by you and is associated with a High Deductible Health Plan
Employees are responsible for keeping all receipts and records, demonstrating that HSA dollars were used for qualified health care expenses.
Changes for 2010:
Why the change?
Since this is a post-tax benefit, you will not pay taxes on any amount you receive while on long-term disability.
For 2010, our disability and Family Medical Leave programs will be managed by UNUM
Why the change?
For help with your benefit plan questions:
Plan Selection and Cost Estimator Tool
Customer Service line (plan questions)
You must enroll if:
If you don’t enroll, your benefit elections from last year continue, EXCEPT:
Enroll between October 28 and November 11
Make sure that your enrollment is correct. To do so:
2009 Incentive Program Ends November 30
Make sure you:
Watch for 2010 program details in December