Destination: 2014 Benefit Enrollment. Today’s Enrollment Journey. Health Care Reform Points of Interest for 2014 Your Benefit Options for 2014 Navigating Open Enrollment Questions?. Health Care Reform Made Simple - video. The Health Insurance Marketplace “101”.
BW’s Basic Plan Covers 87% & Buy Up Plan covers 90%
*Towers Watson minimum Value Test dated 6/6/2013
1. Go to www.borgwarner.com/benefits
2. Click on the Health Care Reform Made Simple logo
3. Enter the password: bwarner
Or visit: www.healthcare.gov.
DO YOUR PART!
Future 2015 Medical Premium Structure
Remember Your Cigna Personal Health Team
to the Cigna EAP services only
Protecting Your Privacy
Your interactions with your PHT
DID YOU KNOW?
So far, employees have earned $32,000 in wellness incentives by engaging with their Personal Health Team?
1) Visit BorgWarner benefits website at: www.borgwarner.com/benefits
2) Click on the “Medical” link
3) Scroll down the page and click on the “Cigna Plan Selector Tool” link
Don’t Be Wrongly Billed!
Be sure to have your doctor code visit as “preventive”
For Both Medical Plans
Note : Mail order Specialty Drugs limited to 30-day supply
* Based on 30-day supply
Dental is an individual plan and separate election from vision
Employee-funded: You maketax-free contributions and you gettax-freereimbursements on eligible expenses
2 types: Health Care FSA & Dependent Care FSA
Health Care FSA:
You can contribute $100-$2,500 per year per employee
Have until 3/31 of following year to submit claims or balance is forfeited
Dependent Care FSA:
You and your spouse must work or attend school full time and your child must be under age 13 or a tax-eligible dependent that can’t care for themselves.
Employees can contribute $100-$5,000 per year, per household
Forfeits if not used by 12/31 of current year
Direct deposit – go on-line to enroll at www.mycigna.com, or call Cigna
Check – default method
You must enroll every year!
How Health Care FSA claims are paid:
Remaining 2013 FSA dollars:
Health care services received by March 15, 2014
Have until March 31, 2014 to submit claims or your funds are forfeited
2014 FSA dollars:
Health care services received January 1, 2014- March 15, 2015
Have until March 31, 2015 to file 2014 claims
Auto - Forwarding Claims Process
CIGNA Medical, Dental and Rx claims are automatically sent directly to CIGNA FSA for direct payment to your provider
No claim forms to complete or receipts to keep track of
Order of claims reimbursement (deductibles, coinsurance, Rx copays):
1st - Any remaining FSA dollars from
2nd - HRA funds
3rd - FSA for 2014
Use online LTD calculator to calculate your contribution for each option and decide which option is right for you: www.borgwarner.com/benefits
Offered directly through MetLife: www.Metlife.com/mybenefits
Provides financial protection for your survivors in event of your death while employed at BorgWarner
Benefit is equal to the amount of your annual base pay
Minimum of $25,000 to maximum of $500,000
Can cap this benefit at $50,000 to avoid taxes on imputed income
Accident benefit: 1 times annual base pay up to $500,000
Business Travel Accident & Medical Insurance
Only applies to company-approved travel for BorgWarner
Offered through CIGNA this coverage combines global accident coverage with international medical protection
CAUTION! MUST Enroll Online by Nov. 30 to Keep Current Benefits!
Login to Workday® at: https://wd5.myworkday.com/borgwarner/login.flex
Use the Workday® Online Enrollment Guide to navigate through Workday
Deadline to Enroll:
November 30, 2013
Back cover of Highlights brochure
Check out inside cover of your Enrollment Guide
Enroll by November 30
Auto-forwarded Claims Order of Health Care Reimbursements in 2013
*services incurred (dated) before March 15, 2014, submitted before March 31, 2014
If you have remaining 2013 FSA
If you don’t have any 2013 FSA
(if the claim is medical)
(if claim is medical)
Auto-forwarded Claims Order of Health Care Reimbursements in 2014
*if you have remaining 2013 FSA funds
Before March 15, 2014
After March 15, 2014
(if the claim is medical)
(if claim is medical)
Avoid $50/monthly premium surcharge
Encourages healthy living and rewards positive behavior
How it works
1. Complete the Living Tobacco-Free Pledge during online enrollment indicating that you are tobacco-free OR that you are a tobacco user but agree to complete the Cigna Tobacco Cessation program (or other HR-approved tobacco cessation program).
2. If you indicate on your online enrollment form that you are tobacco-free, no other action is required.
3. If you indicate on your online enrollment form to be a tobacco user who is agreeing to complete the tobacco cessation program, you must graduate by November 30, 2013.
Note: If you indicate you are a tobacco user and do not agree to complete a tobacco cessation program by the deadline, the surcharge will apply for the rest of 2014.
Offers resources and tools to help tobacco users quit tobacco before they develop chronic conditions
Available to all members age 18 or older
Provide assistance to quit through:
Personalized telephonic coaching with your Health Advocate
Free nicotine replacements – OTC patch/gum
$150 annual reimbursement on acupuncture and hypnosis
Enroll now by calling your Cigna Personal Health Team
support lines are available in English and Spanish
Participate as many times as necessary to obtain success
If you have money remaining in HRA at year end it rolls over for next year’s use
That means you have the BW annual HRA contribution + rollover dollars; growing your total HRA balance
The higher your HRA balance the lower your member deductible gapBuilding Your HRA
If you expect total claims between $14k-$32k, Buy Up plan beneficial
Employee Only Options
If you expect total claims between $4k-$19k, Buy Up plan beneficial