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2008 Annual Enrollment

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

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2008 Annual Enrollment

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  1. 2008 Annual Enrollment Training Presentation April 2008

  2. 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?

  3. 2008-2009 Benefits

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. Employee costs • Changes to how employee contributions are calculated • Significant cost increases for Premium PPO and Cigna EPP options

  10. Lumenos HRA Plan (in-network)

  11. 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.

  12.       Comparing the Medical Plan Options

  13.      Comparing the Medical Plan Options

  14. 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)

  15. Example: Sharon’s Costs * This example assumes in-network services only.

  16.   Example: Sharon’s Costs (cont.)

  17.   Example: Sharon’s Costs (cont.)

  18. What You Need To Do

  19. 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

  20. 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

  21. Benefits Enrollment

  22. Two Enrollment Periods

  23. 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

  24. 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

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