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All Shop Meeting Shickel Corporation May 2012

All Shop Meeting Shickel Corporation May 2012. April Anniversaries. Joe Dillashaw 13 years Bob Obst 8 years Denay True 8 years Adam Lambert 5 years Ransford Schrock 2 years Jared Kile 1 year Richard Robison 1 year Mitch Kirsch 1 year. Additions.

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All Shop Meeting Shickel Corporation May 2012

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  1. All Shop Meeting Shickel CorporationMay 2012

  2. April Anniversaries • Joe Dillashaw 13 years • Bob Obst 8 years • Denay True 8 years • Adam Lambert 5 years • Ransford Schrock 2 years • Jared Kile 1 year • Richard Robison 1 year • Mitch Kirsch 1 year

  3. Additions • Curtis Hall, Engineering Temporary Virginia Harbor Project Aerotek Staffing • David Southard, Mat. Handler • Daniel Collins, Mat. Handler

  4. How Are We Doing This Year?

  5. This and That’s • Performance Appraisal process delay: • Increases will be retroactively effective May 28th • Check Oil in vehicles • Drug use issue • Paraphernalia found in Break Room men’s restroom. • Memorial Day Weekend

  6. Dental Insurance, Voluntary Life Insurance, STD, LTD, Company Life, Flex Spending Accounts, Health Insurance Open Enrollment Informationbenefit year 2012-2013

  7. Dental Plan: Change • Current carrier is Ameritas Insurance. • New carrier effective 6/1/12: Anthem BC/BS • Offered Lower Premium Increases • Discount on Health Insurance Premium • No waiting period on services after first offering. • Rollover of unused benefit up to $250/year to a maximum of $1,000.

  8. Dental Coverage Comparison Ameritas – Current Carrier Anthem – New Carrier Fluoride Treatments – Once each 12 months through age 18 Panoramic X-rays: 1 in 5 yrs. Sealants : Once per 24 months up to age 16. • Fluoride Treatments – One per calendar year through age 18 • Panoramic X-rays: 1 in 3 yrs. • Sealants : Once per 36 months up to age 16

  9. Anthem Group Dental Plan • Premium Changes for 2012 – 2013 Plan Year

  10. Flexible Spending Accounts (FSA) The best reasons to use FSA’s Use pretax dollars to SAVE on known Medical Expenses. Benny Card makes it easy to use, less paperwork. Annual Maximum Limit $2,500 for this year. Current plan year can incur claims through August 31, 2012. Have 2 months to file claims until October 31, 2012.

  11. Flexible Spending Accounts Form for Pre-Tax Benefits • All insurance premiums will automatically be taken pre-tax unless you contact Human Resources. • Fill out Flex Spending Account form ONLY if you are: • Enrollingin Flex Spending Accounts: Medical or Dependent Care • Decliningto participate in pretax premium deduction.

  12. New Carrier for STD, LTD, Life and Voluntary Life Consolidating coverage with: Principal Life Insurance Company STD, LTD, and Company Term Life policies same coverage levels. Voluntary Life Insurance Current guaranteed insurance levels $80,000 Co-worker / $20,000 Spouse New guaranteed insurance levels $100,000 Co-worker / $25,000 Spouse

  13. Personal Benefit Statements • Verify Personal Information • Designate Beneficiary for Term Life Coverage

  14. Personal Benefit Statements • Voluntary Life Insurance Coverage • Designate Voluntary Life Primary and Contingent Beneficiaries

  15. Personal Benefit Statements • Declining Coverage reasons • Eligible Dependant Information • Agreement Details

  16. Personal Benefit Statements • Agreement Details • Sign and Return to Human Resources

  17. Extra Benefits from Principal • Travel Assistance • Information and Assistance: Pre-trip and cultural information, Personal assistance services, medical assistance services • Emergency medical transportation services: transportation to another medical facility, family member to join patient, return of a dependant. • Up to $200,000 per person per trip to provide emergency medical transportation or return of mortal remains.

  18. Extra Benefits from Principal • Will and Legal document Center • Free on-line services to assist in drafting a will, living will, healthcare power of attorney, durable power of attorney and medical treatment authorization of minors. • Personal Information Organizer • Estate Planning education and tools • Identity Theft Prevention Kit and Victim Action Kit

  19. Extra Benefits from Principal • Employee Assistance Program Services • Services provided by Magellan Health Services through 800 number. • Telephone consultation 24/7 with licensed medical professionals • Referrals to local child and elder care services and resources. • Referrals to community services when additional services needed.

  20. Health Insurance Staying with Anthem BC/BS for 2012-2013. Plan offerings for 2012-2013 Key Care 20 Plan - is still Top Plan Two HRA Based Plans Key Care 30/HRA $500 Deductible. Key Care 30/ HRA $1,000 Deductible.

  21. 2012-2013 Anthem Plan Options

  22. Co-worker Weekly Premiums

  23. How do the Health Reimbursement Accounts (HRA) plans work? • Anthem provides KC 30/2,000 Plan • This plan has: • $2,000 single /$4,000 family deductable • 80/20 co-insurance • $30 co-pay for Primary Care, $50 co-pay for Specialists • Max. Out of Pocket $4,500 single / $9,000 family • Higher deductable means lower premiums

  24. How do the HRA’s work? • Shickel Corporation sets up a Health Reimbursement Account (HRA) with LD&B for each plan. • Shickel has LD&B administer the HRA plan as either a: • $500 single / $1,000 family deductible plan or • $1,000 single / $2,000 family deductible plan • With the savings from the premiums, Shickel then pays 80% of all claims over the deductible up to the $2,000. • After the $2,000 is reached then Anthem starts to cover up to the maximum out of pocket limit. • Shickel is self insuring, taking the risk for the gap between the deductibles and $2,000 at 80%.

  25. How do the HRA’s work? • These plans require participants to take all Explanations of Benefits (EOB’S) they get from Anthem and file them with LD&B. • All claims received by midnight Thursday, get paid to you by the next Monday by check or direct deposit. • You are then responsible for paying the service provider directly.

  26. HRA Plans • Same coverage • All Co-insurances 80/20 • All Co-pays as listed • Deductibles are either $500 or $1,000 instead of $2,000 as listed.

  27. HRA Plans • Out of Pocket Maximums • HRA 500 • $3,300 Individual • $6,600 Family • HRA 1000 • $3,700 Individual • $7,400 Family

  28. HRA Enrollment Form • Personal Information • Select HRA 500 • Select HRA 1000 • List Dependents • Signature • HIPPA Access

  29. Anthem Changes Changes for all plans: • Home health Care limit going to 100 visits per member per year from 90 visits. • Maternity benefits now cover dependents. • Expanding foot care coverage of corns, calluses and care of toenails as treatment only for patients with diabetes or vascular disease. • Excluding coverage for sexual dysfunction drugs • Excluding coverage for removal of wisdom teeth • Autism Spectrum Disorder Mandated added.

  30. Anthem Changes Changes for the HRA plans only: • In-network Specialist co-pays increasing to $50 from $30 • Spinal manipulation - $25.00 copayment for services, currently 20% coinsurnace • Hospice Care – removing member cost share. • Mental Health/Substance abuse outpatient office visits require a PCP copayment.

  31. Open Enrollment Reminders Flexible Spending Account FormsOnly needed for Flex Plan Enrollments or Decline Pretax Premium each year. Anthem Enrollmentand Plan selection form if changing plans or adding dependants. (Ex: Moving from KC20 to another plan) HRA Enrollment form if in KC 30/500 or 1000 each year. Dental Plan enrollment form only if new enrollments, cancelling or changing dependants. Principal Personal Benefit Statements turned In. ALL FORMS IN BY FRIDAY, MAY 25

  32. Memorial Day Remembrances • A man's country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle.George William Curtis • “True heroism is remarkably sober, very undramatic. It is not the urge to surpass all others at whatever cost, but the urge to serve others at whatever cost.” Arthur Ashe

  33. Remember: Turn in all forms to Human Resources by Friday, May 25th

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