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2011 U.S. Benefits Update

2011 U.S. Benefits Update. 2011 Annual Enrollment Nov. 1 – 19, 2010. AGENDA. U.S. Medical – Goals and Results Consumer-Driven Health Care (HDHP) – Putting you more in control Helping You Control Your Costs – HDHP with HSA, and New Tools on Your Life Choices (YBR) 2011 Benefit Changes

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2011 U.S. Benefits Update

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  1. 2011 U.S. Benefits Update 2011 Annual Enrollment Nov. 1 – 19, 2010

  2. AGENDA • U.S. Medical – Goals and Results • Consumer-Driven Health Care (HDHP) – Putting you more in control • Helping You Control Your Costs – HDHP with HSA, and New Tools on Your Life Choices (YBR) • 2011 Benefit Changes • Controlling Costs and Improving Health • Health Risk Assessment and Biometrics • Dependent Eligibility Verification

  3. U.S. Medical – Goals and Results U.S. Benefits Results and Goals • Claims have been significantly higher than premiums • Deliver effective medical benefits and protect employees from catastrophic financial loss • Goal of greater than 50% enrollment in HDHP Consumer-Driven Health Care (HDHP) • Allows participants to use a tax advantaged Health Savings Account (HSA) • Gives participants an incentive to learn about the costs and quality of care before spending • Studies show HDHP participants are: • Twice as likely as those in other medical options to learn about costs • Three times as likely to choose a less expensive treatment option • Chronic patients were 20% more likely to follow treatment

  4. ConocoPhillips Movement to the HDHP In the last three years: • Participant costs reduced by $20 million • Company costs reduced by $25 million • Total savings of $45 million!

  5. HDHP: When you pay…and when you don’t(Network Benefits)

  6. How the HSA Works Why is the HDHP offered without HSA?

  7. New YBR Tools • Still considering the switch to the HDHP with HSA? Check out the new estimating and comparison tools on YBR.

  8. Medical Option Highlights (Network) *Items new for 2011

  9. Medical Options Highlights (Network) continued … *Items new for 2011

  10. Other 2011 Benefit Changes (Medical)

  11. New in 2011! JPMorgan Chase (Chase) becomes direct administrator of Health Savings Accounts (HSAs) Can I get more than one HSA card? • Welcome Kit • Includes one debit card • Deposit slip • Online access - www.chasehsa.com • Need debit card to register • Order up to three additional debit cards for family members over 18 years of age • Balance and transactions • Online bill payment • Information on investment funds • Designate a beneficiary • No charge for 3 extra debit cards • Free Checks – contact number on back of debit card

  12. Other 2011 Benefit Changes (Rx)

  13. Other 2011 Benefit Changes (Dental)

  14. Well-Being Assessment & Biometrics Long-term strategy to increase participant awareness of health risks: • 2011 – Know your numbers: take a well-being assessment and four biometric screenings (blood pressure, cholesterol, body mass and blood sugar) • Screenings at work locations or employee’s physician • Employees will receive a $600 discount on 2012 annual premium costs ($50 per month) • 2012 – Take well-being assessment and biometric screenings and if at risk, take action to receive a discount on premium costs in 2013 • 2013 - Take well-being assessment and biometric screenings and if at risk, take action and improve results: To the extent provided by law, employees are incentivized, through 2014 premium discounts, to show improvements

  15. U.S. Dependent Eligibility Verification • Background • 2009 Communications resulted in a 4% drop in dependents resulting in an average annual savings of almost $5 million • Full dependent eligibility verification conducted by Hewitt; July 7 - August 6, 2010 • Results and Next Steps • 2010 Dependent eligibility verification resulted in an additional annual savings of $4.7 million • Beginning January 1, 2011: all dependents added for medical and dental coverage must provide documentation to support eligibility

  16. Where can I find out more? • ConocoPhillips Benefits Center • 800-622-5501 or 718-354-1344,8 a.m. - 6 p.m. Central time, Monday - Friday • Login to YBR through HR Express • Online benefits information also available athttp://hr.conocophillips.com(SPDs, Claim Forms, Benefit Highlights, DocFind, Preventive Care brochure and more) • HDHP blog (through HR Express) • 2011 Benefits Changes & New Tools Blog (through HR Express) • Health Care Reform - www.healthcare.gov • Annual Enrollment Materials – Delivered on November 1, 2010

  17. Disclaimer This presentation is intended to be accurate, but if there is any discrepancy between these materials or the presentation and the terms of the official plan documents, the official plan documents will control. In addition, although ConocoPhillips intends to continue these benefit plans indefinitely, the company reserves the right to amend, change or terminate any of these benefit plans or provisions at any time.

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