2014 Employee Benefits Open Enrollment October 14 November 1
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Great News for 2014! New plans More choices 0% increase for
medical, dental and vision Opportunity to decrease medical premium
expenses Personalized enrollment help for everyone 2
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Mountain Top View Heading into our third year of our high
deductible health plans, we can unequivocally say that our three
fold strategy is working! Goal #1: To beat down health care trend
to stabilize premium costs for the company and for our employees
even in the midst of healthcare reform Healthcare trend increases
for high deductible health plans averages 6 8%, PPO increases range
8 12% and HMO increases range from 12 15% Salient Results: We have
averaged a 1.7% increase per year over the three years even when
healthcare reform was adding costs into our plans 0% increase at 1
st anniversary 5% increase at 2 nd anniversary 0% increase at 3 rd
anniversary 3
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Mountain Top View (continued) Goal #2: Provide an opportunity
for our employees to begin saving for future retiree health
expenses using Health Savings Accounts (HSAs) Salients contribution
to employees HSA accounts is on the high side of industry averages
Average is $500/$1,000 Salient contributes $750/$1,500 Salient
Results: Employees account balances have steadily increased PEACE
OF MIND accumulated savings can be built up to offset any potential
out-of-pocket expenses in a given year SAVINGS FOR THE FUTURE with
the increased account balances, employees are putting money away
that can be used for future expenses (retiree healthcare or COBRA)
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Mountain Top View (continued) Goal #3: Provide high-quality
insurance plans which offer choice along with both short- and
long-term protections Salient Results: Salients coinsurance after
the deductible is met and underlying insurance plan is on the high
side of industry averages. Industry average is 80%/60% ; Salients
plan is 90%70% Robust insurance protections Adding third medical
plan for 2014 to offer additional choice, lower premiums and
provide simplicity Lowest premiums for employees! Salient is paying
an additional 10% towards premiums for the Value Plan Once
deductible is met, eligible expenses are paid at 100% for remainder
of year As HSA balances have grown, employees have opportunity to
afford higher deductible 5
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Ground-level View Its all about personal choice Adding third
medical plan Raised deductible and out- of-pocket in Standard Plan
with a resulting 7% drop in premium costs Adding additional
voluntary insurance plans to help protect against deductible
expenses Engage me! New wellness program with easy to use tools
Improved pricing tools on Cigna site to predict healthcare costs
Open Enrollment road show Concierge benefit enrollment experience
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Whats Not Changing in 2014? Our commitment to your health and
well being Our continued belief in the value of consumerism
Providing you a full complement of products and services Premiums
for medical, dental, vision Benefit partners for medical, dental,
vision, life, and disability 7
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Whats New in 2014? New BenefitDescription Addition of new
medical plan (Once deductible is met, all covered expenses paid at
100%) Value Plan In Network Deductible & OOP -- $3,750/$7,500
Out of Network Deductible & OOP -- $7,500/$15,000 Lowest
premiums and highest company contribution Accidental Death &
Dismemberment Insurance Insurance that pays in the event of an
accidental death or loss of limb, eyesight, etc. 24-Hour Accident
InsuranceServes as supplement to medical plan and pays regardless
of other coverage; Helps minimize out-of-pocket expenses due to
accidents (dislocations, fractures, burns, concussions, etc.)
Critical Illness InsuranceProtects against serious health problems
such as stroke, heart attack or cancer; Benefit pays a lump sum
upon first diagnosis of a covered condition 8
Slide 9
Whats Changing in 2014? Current BenefitNew Benefit High
Premium/Low Deductible Low Premium/High Deductible Name Change to
Premium Plan Name Change to Standard Plan Low Premium/High
Deductible In Network Deductible -- $2,000/$4,000 Out of Network
Deductible -- $4,000/$8,000 In Network Out of Pocket --
$4,000/$8,000 Out of Network Out of Pocket -- $8,000/$16,000
Standard Plan In Network Deductible -- $2,500/$5,000 Out of Network
Deductible -- $5,000/$10,000 In Network Out of Pocket --
$5,000/$10,000 Out of Network Out of Pocket -- $10,000/$20,000
Premiums decreased by 7% Short-term Disability PlanSame benefit but
moving to new set of rates based on age WageWorks for
FSA/HRA/Transit/COBRANew Partner Flores & Associates Enhanced
services Chase Bank for HSA AccountsNew Partner HSA Bank for HSA
Accounts Transfer information at OE appointments HSA Company
Contributions $750/$1,500 per year Extra $187.50 or $375 for
wellness award HSA Company Contributions $562.50/$1,125 per year
Extra $187.50 or $375 for wellness award Limeade Wellness
ProgramMotivateMe! Wellness Program 9
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2014 Contribution Limits Contribution TypeAnnual Limit for 2014
401(k)$17,500 401(k) Age 50+$17,500 + $5,500 Catch-up Healthcare
Flexible Spending Account*$2,500 Limited Purpose Flexible Spending
Account*$2,500 Dependent Care Flexible Spending Account*$5,000
Health Savings Account*: Participation in Wellness Program Employee
Only: $2,550 Family (2 or more): $5,050 Health Savings Account*:
Non-Participation in Wellness Program Employee Only: $2,737.50
Family (2 or more): $5,425.00 * You must make your contribution
election through a Benefit Educator if you want to contribute to
any of these accounts. 10
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2014 Benefit Partners BenefitPartner 401(k)Transamerica
Retirement Services MedicalCigna Healthcare PharmacyExpress Scripts
DentalUnited Concordia VisionVision Service Plan Life, Disability,
Supp Life and Supp AD&DMetLife Health Reimbursement Accounts,
Flexible Spending Accounts, Commuter and COBRA Flores &
Associates Health Savings AccountsHSA Bank Accident and Critical
Care InsuranceUNUM 11
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Health Care Reform How it Impacts All of Us The Patient
Protection and Affordable Care Act requires Salient to: Cap
healthcare FSA contributions at $2,500 Display the value of your
health insurance benefits on your W-2 Provide a Summary of Benefits
and Coverage (SBC) prior to open enrollment Provide the Health
Insurance Marketplace Coverage Options notice by October 1 New fees
added into premium rates 12
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Our Medical Plan Dares to Be Different Optimizes both employer
and employee costs today and into the future Medical cost
escalation Tax optimization Retiree health savings 13
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A Plan For Today and Tomorrow Health Savings Account Helps Pay
Deductible Tax Deductible Deposits Tax Free Growth Tax Free
Medical, Dental and Vision Care High Deductible Health Plan
Excellent Insurance Protection Safety Net For Big Medical Bills
Limited Purpose Flexible Spending Account Can be paired with HDHP
and used for dental and vision expenses 14
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A Great Plan In Sickness Absolute out-of-pocket maximum per
year Drugs and medical expenses combined Health Savings Account to
offset deductible expense Best in class medical and Rx provider
Freedom to choose network or non-network providers 15
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And a Great Plan In Health Superb insurance coverage at
affordable premium rates 100% preventive care benefit for whole
family Absolute yearly out-of- pocket maximum costs Employer
provided Health Savings Account that is always yours now and into
the future. 16
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Value Plan Details One and Done Deductible and Out of Pocket
are the exact same After satisfying deductible, expenses are paid
at 100% for rest of year HSA Wellness Contribution for employee +
spouse/partner Lowest premium plan Rates more highly subsidized by
Salient (81% for employee only and 69% for employee + other) Same
excellent medical and Rx coverage 17
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The Tax Man Cometh Important tax rules governing all pre-tax
accounts Understand the rules and apply them to your best advantage
There are many options spend time during your enrollment session
discussing how to optimize your tax savings. 18
Slide 19
Health Savings Accounts Salient will contribute Up to $750 for
employee Up to $1,500 for employee + 1 or more Wellness
contribution only for the Value Plan Opportunity for you to save
taxes while setting aside money to pay for deductible and out of
pocket expenses Must not be covered under any other health
insurance plan (spouse/partner, VA, Tricare, COBRA, retiree plan,
Medicare, etc.) Triple Tax Protected Portable always yours Can be
used for medical, Rx, dental and vision expenses May be combined
with a Limited Purpose FSA for additional tax savings 19
Slide 20
Benefit Accounts All of these accounts are subject to IRS rules
and regulations. This chart is intended for summary purposes only.
20 Health Savings Account (HSA)Health Reimbursement Account (HRA)
Eligibility: Must be enrolled in CIGNA domestic plan and must not
have any other insurance (TRICARE, VA, Spousal Plan, Retiree, etc.)
Eligibility: Must be enrolled in CIGNA domestic plan. May have
additional health coverage outside of Salient. Salient contributes
to Premium and Standard Plans: $750/$1,500 if wellness activities
completed $562.50/$1,125 if wellness activities are not completed
Employee May Contribute: $2,550/$5,050 if wellness activities
completed $2,737.50/$5,425 if wellness activities not completed
Salient contributes to Premium & Standard Plans: $750/$1,500 if
wellness activities completed $562.50/$1,125 if wellness activities
are not completed Salient contributes to Value Plan: $187.50/$375
if wellness activities completed Employee May Contribute:
$3,112.50/$6,175.00 if wellness activities completed
$3,300.00/6,550.00 if wellness activities not completed Salient
contributes to Value Plan: $187.50/$375 if wellness activities
completed IRS Pretax Limit for 2014 for all contributions: $3,300
Employee Only $6,550 Employee + One or More Limited to Employer
Contributions Only Balance rolls from year to year and portable
upon leaving.Balance rolls from year to year. Balance upon
termination from plan is forfeited to Salient. Can be used for
medical, Rx, dental or vision expenses
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Which Plans Work Together Salient Medical Plan ElectionEligible
for HSA or HRA Eligible for General FSA or Limited FSA Premium Plan
(high premium/low deductible) HSALimited FSA Standard Plan (low
premium/high Deductible) HSALimited FSA Value Plan (lower
premium/higher deductible HSALimited FSA Decline Salient Medical
InsuranceNeitherGeneral FSA Any Salient Medical Plan and Medical
Plan with another provider (TRICARE, spouses plan) HRAGeneral FSA
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Pharmacy : Express Scripts Prescriptions are part of the high
deductible plan Preventive drugs are not subject to the deductible
All other drugs are subject to deductible and out of pocket limits
Very large national network of pharmacies Once deductible is met
(e.g. $1,500 for employee only or $3,000 for family) employee pays
20% of cost up to max. per below 22 Retail PrescriptionMail Order
Prescription GenericMax of $30GenericMax of $75 FormularyMax of
$60FormularyMax of $150 Non-FormularyMax of $100Non-FormularyMax of
$250
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TRICARE Supplement If you are enrolled in DEERS and TRICARE,
you may elect to participate in the TRICARE Supplement on a pre-tax
basis Supplement provides coverage for out-of-pocket expenses
associated with TRICARE Prime or Standard or Extra coverage For
more information please visit:
http://www.asicorporation.com/faq_corporate.html
http://www.asicorporation.com/faq_corporate.html You may supplement
TRICARE through Salients CIGNA high deductible health plan No HSA,
but can have a HRA (Health Reimbursement Account) with a company
contribution May elect to have a FSA to pay for additional medical,
dental or vision expenses 23
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UCCI PPO Dental Plan Strong network across the U.S. Same
Coverage for In- or Out-of-Network Provider Preventive Services-
covered at 100% (includes cleanings, exams, x-rays) Basic Services
- covered at 80% Major Services - covered at 50% Orthodontia -
covered at 50%, lifetime maximum benefit of $2000.00; coverage
available for adults and children 24
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UCCI PPO Dental Plan Plan Year Deductible - Individual $50 -
Family $150 Annual Maximum - $2000 per member Dental deductible
plan year currently runs April 1 through March 31 2014 will be a
short plan (April 1 through December 31) Beginning 2015, the dental
deductible will run calendar year (January 1 through December 31)
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Vision Service Plan (VSP) Employee paid vision plan, offered
through VSP Largest vision network in the nation Benefits from a
VSP Participating Provider: Routine Vision Exams: $10 copay, every
12 months Lenses: $25 copay, every 12 months Frames: $25 copay,
every 24 months Contact Lens (in lieu of frames and spectacle
lenses): No copay, every 12 months maximum benefit $130.00 annually
Reimbursable benefits vary for non-participating providers Note:
VSP guarantees service from VSP doctors only. When you see a VSP
provider, youll get the most out of your benefit and have a lower
out-of-pocket cost. 26
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Life and Disability Plans Name of PlanBenefit Details Basic
Life1 x base salary up to $100k; company paid core benefit Basic
AD&D1 x base salary up to $100k; company paid core benefit
Voluntary LifeEE - Up to 5 x base salary to maximum of $500,000;
$160k guarantee issue at hire SP - Benefit available up to
$250,000; guarantee issue $25,000 CH - Maximum guarantee issue
$10,000 Voluntary AD&DEE Lesser of 10x annual salary or
$500,000 EE + SP 50% of Employee amount EE + SP + CH Spouse 40% of
employee amount, each child, 10% of employee amount EE + Child(ren)
each child 15% of employee amount Voluntary Short-term Disability
60% of base salary capped at $2,500 weekly maximum benefit
Long-term Disability40% of base salary capped at $10,000 monthly
maximum; company paid core benefit Voluntary Buy-up to
LTDAdditional 20% on top of company-paid 40%; total of 60% of base
salary capped at $10,000 monthly maximum 27
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Voluntary STD Current STD Plan Salients rates are coming off a
three year rate guarantee based on a very low average age and very
favorable experience Salient STD premium was a single premium for
everyone ATS employees remained on age-banded premium rates High
utilization rates for both groups 2014 STD Plan STD Plan moving to
age banded rates for everyone Keeping same 7 day waiting period
Rates are increasing for everyone Less impact to ATS employees
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Accident Insurance Protects against a wide range of accidents
including dislocations, fractures, burns, concussions etc. Coverage
for employee, spouse and/or dependent(s) Scheduled lump sum payout
based on type of accident Pays regardless of other insurance
Minimizes high deductible exposure due to accidents No health
questions Fully portable 29
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Critical Care Insurance Protects against serious health
problems such as stroke, heart attack or cancer Lump sum benefit
paid upon first diagnosis of a covered condition Coverage available
for employee, spouse or dependent(s) Fully portable 30
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Work-Life Benefits 31
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Building Your Retirement Account The convenience and automated
features offered by Salients plan make it easier for you to save --
you may hardly miss the additional savings going toward your future
By saving your own money, you build a larger retirement account,
you receive the companys matching contribution and you save
Federal, State and FICA taxes 32
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401(k) 33 EligibilityMust be 21 or older and meet the 30 day
waiting period Participation begins the first of the month
following the 30-day waiting period Enroll at sfs.trsretire.com or
1-800-755-5801sfs.trsretire.com Automatic Enrollment All new
employees automatically enrolled at 3% contribution rate after 90
days of employment. Beginning January 1, 2014, contributions will
auto increases each November 1 by 1% until 6% is reached You may
opt out of auto enrollment at sfs.trsretire.comsfs.trsretire.com
Maximum Contribution $17,500 Employees who reach age 50 before the
end of the calendar year may contribute an additional $5,500 Max
contribution of $23,000 Elective Deferral You may contribution 0% -
100% of pre-tax payroll deductions up to annual limit Employer
Match 50% of up to 6% of your eligible contributions
PartnerTransamerica Retirement Services
Slide 34
Flores Qualified Transportation Expense Account Participation
via pre-tax payroll deductions reduce your taxable income now There
is no annual enrollment period, so you can enroll anytime. Change
your contribution to your transit and/or parking account(s) on a
monthly basis. Unlike other pre-tax programs, there is no need to
worry about spending your account balance by the end of the year.
Any leftover dollars are automatically rolled over into the next
plan year for your use. No Forfeitures! Qualified Commuting
Expenses tax free (subject to 2014 approval) Transit and vanpool
expenses up to $245 per month ($2,940 per year) and Qualified
parking expenses up to $245 per month ($2,940 per year) 34
Slide 35
CIGNA Employee Assistance Program Provided at no cost to you
Variety of services including: Personal relationship management;
Financial planning; Career management Legal consultation
Child/Eldercare referrals Stress Management Call 1-877-622-4327 or
log into www.cignabehavioral.com Employer ID: Salient
www.cignabehavioral.com 35
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Motivate Me! 36 For 2014 Salient has partnered with Cignas
Motivate Me! Program to provide an interactive, exciting Wellness
Program. Salient is committed to providing comprehensive,
affordable benefits and helping sustain and improve the overall
health and well-being or you and your family. Salient Wellness is
designed to fit into your everyday schedule and lifestyle. More
information coming soon!
Slide 37
Motivano Shopping Discounts Motivano offers Salient employees
access to exclusive discounts from thousands of top brands. Apparel
(e.g. Aeropostale, Banana Republic, Eddie Bauer, DSW, etc.) Beauty
& Fragrance (e.g. Sephora, Elizabeth Arden, Walgreens, etc.)
Computers & Electronics (e.g. Dell, Apple, TurboTax, Sony,
etc.) Health & Wellness (e.g. Camping World, Golds Gym, GNC,
WeightWatchers, etc.) Automotive (e.g. Advance Auto Parts, Avis
Rental Cars, Liberty Mutual, etc.) Home, Garden, Pets (e.g. Pet
Insurance, Home Insurance, Brookstone, Ace Hardware, etc.) Save on
everyday purchases: https://intranet.salientfed.com/Main
/AppPages/Home.aspx Click on Salient Employee Discounts 37
Slide 38
Employee Leisure Discount Programs Employees can take advantage
of discounts and special offers to popular theme parks and
entertainment attractions nationwide. Discounts are available for:
Walt Disney World Resort Universal Studios SeaWorld Six Flags
Cirque du Soleil - Las Vegas and New York City performances Movie
Tickets Company Code: Salient 38
Slide 39
Open Enrollment Basics Open Enrollment begins October 14 and
ends of November 1 Only time during the year you can make changes
unless you have an IRS qualifying event All employees must enroll
either through the call center or through a benefit educator 2013
benefit elections will not carry forward to 2014 Current benefit
elections are available via NuView https://hr.salientfed.com
https://hr.salientfed.com Forms are available at
www.salientfed.com/ben efits-2 www.salientfed.com/ben efits-2
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What Am I Required to Do? All employees must make their 2014
elections through a benefit educator Insurance elections and
spending account benefits from 2013 will not rollover into 2014 You
must have an IRS qualifying event to make benefit changes after
open enrollment If hired on or after October 14, 2013 you will have
the opportunity to enroll for the 2013 and 2014 plan year 40
Slide 41
How Do I Enroll in Benefits? Enroll by phone through a benefit
educator Enroll with an on-site benefit educator (at selected
sites) Schedule your appointment at:
www.enrollappointments.com/salient 41
Slide 42
Were Here to Help You Insurance Provider Support: Detailed
questions regarding type of coverage or level of coverage may be
best directed to the insurance provider Refer to Insurer Contact
information chart on slide 43. Salient Human Resources Support:
Questions on how to enroll Open Enrollment Hotline Number:
800-823-7290 7:00 A.M. EDT to 7:00 P.M. PDT E-mail:
[email protected][email protected] 42
Slide 43
Vendor Contact Information 43 Insurance ProviderCustomer
Service Web Address Medical CIGNA
Healthcare800-401-4041www.mycigna.comwww.mycigna.com Current Cigna
Participants www.mycignaplans.comwww.mycignaplans.com New 2014
Cigna Participants Rx Express
Scripts800-711-0917www.express-scripts.com Dental United Concordia
(UCCI)800-332-0366www.ucci.com Vision VSP800-877-7195www.vsp.com
Tricare Supplement ASI Corporation (administrator)
800-950-0105www.asicorptricaresupp.com FSA Accounts Flores &
Associates1-800-532-3327www.flores247.com 401(k) Transamerica
Retirement Solutions 800-755-5801sfs.trsretire.com
