October 26 November 10 2015 Action Required Committed to conserving resources All Annual Enrollment materials are available online Materials will not be sent to your home Action required or pay more in 2016 ID: 735068
Download Presentation The PPT/PDF document "2016 Annual Enrollment 2016 Annual Enrol..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
2016
Annual EnrollmentSlide2
2016 Annual Enrollment Period:
October 26 – November 10, 2015
Action RequiredSlide3
Committed to conserving resources
All Annual Enrollment materials are available online
Materials will not be sent to your homeSlide4
Action required or pay more in 2016
New for 2016:
$300 (Individual) & $600 maximum (Family)
Annual Surcharge (Default)
You Must Take Action to Avoid the SurchargeNon-tobacco users: Certify that you, your covered spouse or domestic partner and/or children age 19 and over are not tobacco usersTobacco users: Enroll in a tobacco cessation program by December 31, 2015
!
Tobacco User Surcharge
New for 2016:
Group Universal Life Insurance
Higher premiums will be applied should you use tobacco or fail to attest.
Tobacco user rates will also apply to spouse or domestic partner coverage under Dependent
Term Life InsuranceSlide5
Avoid the tobacco
u
se
s
urcharge
WebMD Tobacco Cessation
Program
Prudential Health Clinic
Fresh Start Program
Check with your health care program
carrier
Tobacco cessation program of your choice
At no cost to you
At your own cost
Tobacco cessation programs
May provide discounted or
free programs
Cigarettes
Cigars
Pipes
Smokeless tobacco
Electronic cigarettes
Tobacco products: Slide6
What’s changing for 2016
Tobacco surcharge applied to your medical contributions will increase to $300. Also, an additional $300 surcharge that will be applied if any of your covered dependents age 19 and over use tobacco
Tobacco usage, or failure to attest of non-usage will result in higher premiums for Group Universal Life Insurance and Dependent Term Life Insurance
High Deductible Health Program In-Network Out-of-pocket Maximum for family coverage is decreasing from $8,000 to $6,850
Effective February 20, 2016, the Cigna HSA will be administered by HSA bank instead of JPMorgan ChaseAdditional losses will be covered for Business Travel Accident and Accidental Death and Dismemberment Due to the continued rising cost of the health care, your contributions may be higher; however, the aggregate cost share is not changing and will remain at 72%/28% for 2016Slide7
What’s changing for 2016
Prescription Drug Changes administered by Express Scripts
Unless physician required brand name for a certain medication, participants will be responsible for the difference between brand name and generic price if generic exist
Specialty drugs will be required to be filled through
Accredo
, Express Scripts’ specialty pharmacy
Aetna and Cigna medical program participants who are age 18 and older may receive vaccines for a variety of conditions at no charge when received at an Express Scripts participating pharmacy
Long Term Disability benefit of 50% of monthly eligible earnings up to a new maximum of $12,500 per month
You can elect Optional Long Term Disability and pay for an increase in your benefits to 65% of your monthly eligible to reach a new monthly benefit maximum of $25,000 per month for grades 7P-18P, and $40,000 per month for grades 1P-6PSlide8
Consider the High Deductible Health Program
with a Health Savings Account
At your
own cost
Health
Savings Account (
HSA)
Triple Federal Tax Advantage:
Contributions are pre-tax
Interest is tax-freeInvestment income is tax-free
There
is no
“use it or lose it” rule
The money in the HSA is yours to keep and
is 100% portableSlide9
Action required: Flexible Spending Accounts
Health Care and Dependent Care Reimbursement Accounts
Health Care Reimbursement Account (HCRA) and Limited Purpose HCRA
Annual Maximum for 2016
$2,550
Dependent Care Reimbursement Account
Annual Maximum for 2016
$5,000
(Includes Prudential match
of 25% up to $1,000)
You must make an election for
2016
if you want to
participate.
2015
elections
will not carry over.
!Slide10
Smart choices, healthy lives
Health and
wellness tools
and
resources Slide11
Health Risk Assessment
Wellness
Incentive
$150 Wellness Incentive
HealthQuotient + 2 healthy activities
(HQ+2)
To Get a $150 Wellness Incentive…
Complete
the
HQ+2…
In
2015
Before November 30, 2015
In 2016
Before November 30, 2016Slide12
24-Hour Nurseline
Every medical program has a nurseline
Smart choices, healthy lives
Cigna and Aetna Care Counselors
The Cigna and Aetna medical programs offer access to Care Counselors
For employees facing an upcoming hospitalization, surgery, chronic disease or other health condition
For employees who
have immediate
questions or concerns
When you engage with and complete at least two goals set by a care counselor, you can receive a $100 incentive.Slide13
Tools available to assist you on the Prudential Benefits Center and My Pru
Medical Program Contribution Tool
– obtain costs for all the medical programs that are available to you
Medical Expense Estimator
– estimate and compare costs for 2016 medical programs based on the medical care you and your family may needHealth Savings Account Estimator – helps you calculate the amount you could save for both current and future health care costs through the Health Savings Account.Flexible Spending Account Estimator – help you determine how much you might want to contribute to a Health Care of Dependent Care Reimbursement AccountLife Insurance Needs Estimator – helps you asses whether you have the right amount of life insurance Disability Estimator – helps you calculate how much disability coverage you might need
Smart choices, healthy lives Slide14
Cigna and Aetna cost transparency
tools:
Show
how significant
the cost of a test can be from one provider to another for the same procedure in the same areaHelp you compare non-emergency procedures so you can spend your health care dollars effectively
Smart choices, healthy lives
Hand X-ray
in
Northern NJ:
$26 – $568MRI of the leg in Greater Philadelphia: $400 – $3,700
The tools also provide
information about the quality of providers in the
networks.Slide15
Cigna
cost
transparency
tool
Smart choices, healthy livesSlide16
Aetna
cost transparency
tool
Smart choices, healthy livesSlide17
Smart choices, healthy lives
Before You Enroll
Enrolling For Your Benefits
Maternity and new mother
support programsNot just for first time mothersVisit My Prudential for more informationAetna and Cigna maternity programs both include incentives up to $150 for participation Details can be found in the Health Management Programs brochureSlide18
Smart choices, healthy lives
You can find more details on 2016 changes as well as descriptions of program features in the
2016 Annual Enrollment Guide
and the
2016 Benefit Program Summary
Where to find them:
My Prudential – Benefits Enrollment 2016
Annual Enrollment Extranet –
https://secure.prudential.com
(See the 2016 Annual Enrollment Guide for details on how to access the Extranet)Slide19
Online Annual Enrollment information
My Prudential
Booklets and other enrollment information
Medical Program Contribution Tool
Accessible within Prudential
Annual Enrollment Extranet
Booklets and other enrollment information
Accessible outside of Prudential
Prudential Benefits Center Website
Booklets, other enrollment information and tools
Personalized information
Medical Program Contribution Tool
Accessible within or outside of Prudential
The only place to enroll for benefits
2016
Annual Enrollment Guide
2016
Benefit Program
Summary
2016
Tools and Resources
2016 Legal Notices
What you can find online: