2019 OPEN ENROLLMENT GUIDE

Open Enrollment is your opportunity to choose the benefits that support you and your family in the coming year. This guide provides information about your 2019 benefits, your costs and instructions for enrolling or making changes.

WHAT’S INSIDE2 Open Enrollment Actions for 2019

4 Your Health

6 Medical Coverage

11 Health Savings Account (HSA)

14 Dental Coverage

16 Vision Coverage

18 Flexible Spending Accounts (FSAs)

20 Life Insurance

23 Long-Term Disability (LTD)

24 MetLaw Group Legal Insurance

25 Important Things to Remember

Enroll in 2019 Benefits October 29 – November 12

Here’s a quick look at what’s new or changing in 2019:

MedicalAetna and Anthem medical plans: The Aetna and Anthem medical plans will offer some new and enhanced benefits:

• Infertility: Treatments covered up to a lifetime limit – $20,000 for medical services and $10,000 for prescription drugs.

• Hearing aids: $2,500 allowance every 3 years.• Acupuncture therapy: Covered up to 26 visits per year.• Chiropractic care: The annual visit limit will increase from 25 to 26 visits.

Employee Monthly ContributionsAetna and Anthem medical plans:

Employee contributions for the Aetna and Anthem medical plans will increase: • $5 for employee only.• $10 for employee + one dependent.• $15 for family.

For 2019 rates, see the Oxy Medical Options Benefit Comparison, page 8.

Regional medical plans:

Employee contributions will increase for:• BlueCross BlueShield of Western New York: Approximately 5%.• Independent Health: Approximately 1%.

Other plans:

There are no rate changes for Dental, Vision, Long-Term Disability, Group Universal Life or Voluntary AD&D Insurance.

What's new for 2019

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HSA and FSA LimitsAnnual contribution limits are increasing for:

• Health Savings Account (HSA): $3,500 for individuals; $7,000 for employee + one/family.• Health Care Flexible Spending Account (FSA): $2,650.

MetLaw Group Legal InsuranceThe new MetLaw Group Legal Insurance gives you access to trusted and affordable resources to help with some of the most frequently needed personal legal matters. This voluntary coverage can help you and your family with wills and estate planning, document review and preparation, home and real estate matters, family law, elder care, identity theft matters and more.

New Retiree Medical PlanOxy is enhancing retiree medical benefits for retirees and covered spouses and dependents who are eligible for Medicare. The new Oxy Medicare Advantage PPO Plan will be available nationwide starting January 1, 2019, and will include both medical and prescription drug coverage. Learn more about the plan on the Aetna Medicare website, oxy.aetnamedicare.com.

You bring your best to Oxy every day. In return, we offer benefits designed for your health, wealth and self – the whole you. Explore all that Oxy offers and choose the benefits that will work for you in 2019.

In addition to this Enrollment Guide, you have these tools and resources to help you quickly review your benefit options, make decisions and enroll.

• 2019 Enrollment Information site—2019oxyenrollment.com—to get an overview of your benefits, required notices and more.

• ALEX, an interactive online tool, helps you make decisions about your medical, dental, vision, HSA, FSA, life and disability benefits. You’ll find links to ALEX on the 2019 Enrollment Information site. Or look under Quick Links on the My HR home page on OxyNet.

• OxyLink Online. Log on from the My HR home page on OxyNet to make your 2019 benefit elections.

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During Open Enrollment, you may make the following elections. Coverage is effective January 1, 2019, through December 31, 2019. You cannot change your elections during the year for pretax benefits unless you have a qualifying life event.

* For more detailed information and plan changes, see each plan’s Summary Plan Description (SPD), current insurance policies as applicable, and subsequent issues of the Benefit News or The Source.

BENEFIT PLAN ACTION REQUIRED FOR OPEN ENROLLMENT

Health Care(Oxy and employee share in the cost)• Medical• Dental

• Action is required to enroll new dependents, drop or change medical and/or dental coverage (see page 4 for definition of eligible dependent).

• No action is required if you wish to retain the same option and level of coverage for 2019. Applicable 2019 contributions will apply.

Vision (Employee-paid) • Action is required to enroll yourself and new dependents, drop or change vision coverage.• No action is required if you wish to retain the same level of coverage for 2019.

Health Savings Account (HSA)(Employee contributions optional)

• Action is required to enroll in an HSA for 2019. • To be eligible to participate in the HSA, you must be enrolled in the high-deductible Aetna

HealthFund medical option.

Note: You may change your HSA election during the year by calling the OxyLink Employee Service Center.

Flexible Spending Accounts (FSAs) (Employee-paid)• Health Care FSA• Dependent Care FSA

• Action is required to enroll in a Health Care and/or Dependent Care FSA in 2019.

Note: Review information about the Limited Purpose FSA with an HSA on page 18 if you enroll in the high-deductible HealthFund medical option and make contributions to your HSA in 2019.

Long-Term Disability (LTD) (Employee-paid)

• Action is required: – To increase your LTD coverage without providing proof of good health. – To decrease or cancel coverage. – If you’re enrolling in LTD for the first time, you need to apply for LTD coverage by

completing an LTD Health Statement and submit it to Prudential for approval. The form is available in Notices/Forms on the Enrollment Information site.

• No action is required if you are currently enrolled for LTD coverage and you wish to maintain your level of coverage for 2019.

Group Universal Life (GUL)(Employee-paid)

• No action is required, however you can: – Enroll or increase GUL coverage for yourself and/or spouse on MetLife’s website.

Proof of good health will be required. – Enroll a child (employee must be enrolled in coverage to elect child coverage).

Voluntary Accidental Death & Dismemberment (AD&D) (Employee-paid)

• Action is required if you want to change your current elections for 2019.

MetLaw Group Legal Insurance (Employee-paid)

• Action is required to participate in 2019.

Open Enrollment actions* for 2019

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Follow these steps to enroll in Oxy’s benefit plans:

• Read this Open Enrollment Guide to understand your options and consider your elections before you enroll.

• Enroll online through November 12, 2018. For health, HSA, FSA, life, disability and group legal benefits, make benefit elections on OxyLink Online. Log on from the My HR home page on OxyNet with your Network ID and password and select Benefits Enrollment 2019.

• Provide required documentation. If you are adding your spouse and/or your eligible children, you must provide a copy of the following required documentation:

Spouse– Your government-issued marriage certificate; and– Proof the relationship is currently valid, if married longer than six

months, with a document that reflects joint ownership such as a mortgage payment, credit card statement, or a recent federal tax return (first page only with any dollar amounts omitted).

Eligible Child(ren)– Each child’s government-issued birth certificate, adoption

certificate or other legal document, if applicable.

• After you complete and submit your online enrollment, you will receive a confirmation statement by email reflecting your 2019 elections.

If you do not make a changeIf you do not make a change to your medical, dental and/or vision coverage during Open Enrollment, you will automatically retain your current coverage and pay the 2019 contribution rate for your elected level of coverage.

Your 2019 Benefits Confirmation StatementImportant—Retain your confirmation statement to verify that your first payroll deductions for 2019 benefits are correct.

To enroll in or increase GUL coverage:

• Log on to MetLife’s website at mybenefits.metlife.com. Proof of good health will be required. Be sure to review and/or set up your GUL beneficiaries. International employees: Online enrollment is not available. Contact MetLife at 800-756-0124 for an enrollment or beneficiary designation form.

Eligible ParticipantsGenerally, all full-time, non-represented Oxy employees who are paid on the U.S. dollar payroll are eligible to participate in the benefit plans described in this booklet. Union-represented employees are eligible only if the applicable collective bargaining agreement specifically provides for participation.

Employees who are regularly scheduled to work at least 30 hours per week are considered full-time.

Visit ALEX®

ALEX is available to help you make the right benefit decisions. Access ALEX from the Enrollment Information site, 2019oxyenrollment.com, or myalex.com/oxy/2019.

How to Enroll

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Who You Can CoverUnder both the medical and dental plans, you may select from the following coverage levels:

• Employee Only

• Employee + One Dependent

• Family

If you enroll in both a medical and dental plan, you may select different levels of coverage and dependents for each plan.

Under the vision plan, you may select from the following coverage levels:

• Employee Only

• Employee + One Dependent

• Employee + Children

• Family

health Oxy offers a choice of plans that support your health and wellness and help you manage your health care costs. You and Oxy share the cost of medical and dental coverage. You pay your share through pretax contributions, copayments or coinsurance, and/or annual deductibles.

Add/review dependentsWhen you enroll new dependents in medical, dental and vision coverage on OxyLink Online, you must enter the dependent’s date of birth and Social Security number. You will also need to enter the dependent’s relationship to you. For children, choices include Child (natural and legally adopted children and children placed with you for adoption) and Rec Child (recognized child), which applies to any other children who qualify as your eligible dependents (e.g., stepchildren). For new dependents, you are required to provide a copy of documentation that verifies your dependent is eligible for coverage. See How to Enroll on page 3 for details.

Your Eligible DependentsGenerally, your eligible dependents under the medical, dental and vision plans are your legal spouse* (unless legally separated) and your children under age 26. Eligible dependent children, regardless of the child’s student, employment, or marital status or residence, include:

• Your natural children

• Children legally adopted or placed with you for adoption

• Stepchildren and foster children

• Other children whom you claim as dependents on your federal income tax return, for whom you and/or your spouse have primary legal custody, who live with you in a regular parent-child relationship, and for whom you can provide required documentation

* All legal marriages will be recognized for purposes of benefit eligibility, regardless of the state in which you reside. Domestic partners may be eligible for the regional medical plans per state law.

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How to decide• If you are married and your spouse is

employed by another company that offers health care coverage, compare costs and plan features to determine if one company’s coverage, or both, is right for you and your dependents.

• How much will you pay out-of-pocket for health care in 2019? Choose among available options by comparing covered expenses, contribution rates, copayments/coinsurance, deductibles, out-of-pocket limits, prescription drug costs, etc.

• Are you comfortable with your potential cost under a high-deductible health plan in exchange for lower contributions and the opportunity to save for the future in a Health Savings Account (HSA)?

• Consider paying out-of-pocket medical, dental, vision and prescription drug expenses for you and your dependents with pretax dollars by enrolling in a Flexible Spending Account (FSA) and/or an HSA.

• Is your doctor in the plan’s network? Check the Aetna and Anthem websites for the online provider directories. The network for the Aetna plans is Aetna Choice POS II. The Anthem network is BlueCard PPO.

Need help to decide? Try ALEX®…Meet ALEX, our virtual benefits counselor. ALEX can help you determine which Oxy benefit plans are best for you. ALEX will walk you through the medical, dental, vision, disability, life insurance, FSA and HSA benefits. You can access ALEX from the Enrollment Information site, 2019oxyenrollment.com, or myalex.com/oxy/2019.

Perks at Work This discount and rewards program is available for you and your family through Next Jump. Take advantage of exclusive corporate pricing on a wide range of products from groceries, restaurants and movie tickets to cell phones, computers, cars, travel and more. You can save even more on all your online purchases with WOWPoints, which can be redeemed for free or discounted items from merchants. Get details on the Perks at Work website.

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Medical CoverageThe medical option you choose and the coverage level you select— Employee Only, Employee + One Dependent, or Family—determine your monthly pretax contribution amount.

Oxy Medical Plan OptionsOxy offers employees three nationwide medical options through Aetna and Anthem. These plans help you pay for the cost of most preventive care and medically necessary care, and protect you from catastrophic medical expenses. These plans offer significant cost savings when you use network providers. None of these plans require a referral to see a specialist.

Review the chart on page 8 for a quick look at the monthly contribution amounts, annual deductibles and other major features of the Aetna and Anthem options. Summaries of Benefits and Coverage are available on My HR and at 2019oxyenrollment.com.

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Aetna Options

Two Aetna options are available—the Aetna Basic (low deductible) and the Aetna HealthFund (high deductible) option. Typically, after the deductible, these options pay a percentage of covered expenses that varies depending on whether you use a network provider.

Anthem BlueCross

Anthem BlueCross offers one plan option. When you use network providers, you’ll pay a fixed-dollar copay for most common expenses such as office visits and prescription drugs. For other services, you pay a percentage of covered expenses after you meet your deductible.

New Coverage in 2019The Aetna and Anthem Medical options will provide these new benefits in 2019:

• Infertility treatments up to $20,000 lifetime limit for medical services and $10,000 for prescription drugs.

• Hearing aids up to $2,500 every 3 years.

• Acupuncture therapy up to 26 visits per year.

• Chiropractic care increases from 25 to 26 visits per year.

About the Aetna HealthFund option

This option has lower employee contributions but higher annual deductibles and out-of-pocket maximums. When you enroll in this plan, you are eligible to open a Health Savings Account (HSA) that offers triple-tax advantages:

• Your contributions are tax-free going in to your account,

• You withdraw money tax-free when you use it to pay for eligible expenses,

• And earnings on the money in your HSA grow tax-free.

The HealthFund option can be a wise choice but the upfront financial impact of a high-deductible plan is not for everyone. Note that with this plan, you must meet your annual deductible before the plan pays any medical and prescription drug expenses except for preventive care.

Please note, you are not eligible for an HSA if you reside in non-U.S. locations that require local medical insurance (e.g. Abu Dhabi).

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Regional Medical OptionsEmployees in Western New York may also choose from two Health Maintenance Organizations (HMOs): Independent Health and BCBS of Western New York.

With an HMO, you select a primary care physician (PCP) to coordinate all of your care. You pay a fixed-dollar copay for each office visit. Monthly contributions vary by option. Covered medical services typically must be received from a specific network of doctors, hospitals and other medical providers associated with that organization.

During Open Enrollment, if you switch to a different regional medical option or enroll for the first time, you will need to complete and submit an enrollment form no later than November 12. Forms are available on the Enrollment Information site or during the enrollment process on OxyLink Online. You may also call the OxyLink Employee Service Center to obtain a detailed enrollment packet.

ID cards should be mailed to you from the provider you select by the end of January 2019.

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Prescription Drug Coverage

Prescription drug coverage is provided through Express Scripts, Inc. (ESI) for the Aetna and Anthem medical plan options. Refer to the Oxy Medical Options Benefit Comparison on page 10 for further details.

Vision and Hearing Discount Programs

If you enroll in an Aetna medical or dental plan or the FSA, you are automatically eligible for Aetna’s vision and hearing discount programs. If you enroll in the Anthem BlueCross medical option, similar programs are available. The programs are offered at no cost and can provide you and your enrolled dependents significant savings when you use participating providers.

These programs can provide substantial discounts on hearing exams, hearing aids, eyeglass frames, corrective lenses, contact lenses, non-prescription sunglasses, contact lens solution and accessories. The vision programs also offer discounts on LASIK surgery and eye examinations, and Aetna offers a mail-order contact lens program.

Regional medical options infoInformation about the 2019 regional medical options is available on the Enrollment Information site, 2019oxyenrollment.com.

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FEATURES ANTHEM BLUECROSS

AETNA BASIC AETNA HEALTHFUND

MONTHLY CONTRIBUTIONS (Your prorated contribution will be deducted each pay period on a pretax basis)

• Employee Only• Employee + One• Family

$120$240$359

$132 $263 $395

$46$93$139

Health Savings Account (HSA)• Maximum Contribution• Catch-up Contribution

Age 55+

Not permitted—per IRS rulesNot permitted—per IRS rules

Employee Only

$3,500$1,000

Employee + One/Family$7,000$1,000

Flexible Spending Account (FSA)

Regular FSA provisions apply Limited Purpose FSA only.

Before deductible: may only be used for dental, vision and certain preventive drugs and services. After deductible: may be used like a regular FSA for all qualified health care expenses.

ANNUAL DEDUCTIBLES

Network Non-Network

Network Non-Network Network / Non-Network

• Individual• Family

$400$800

$800$1,600

$400 $800

$800$1,600

$1,400$2,800

For Employee + One and Family coverage, the entire corresponding deductible must be met before the plan begins to pay benefits. Applies to both medical and prescription drugs.

Individual deductible also applies. Applies to medical expenses only.

OUT-OF-POCKET (OOP) MAXIMUM

Network Non-Network

Network/Non-Network Salary < $75,000

Network/Non-NetworkSalary $75,000+

Network / Non-Network

• Individual• Family

$2,000$4,000

$4,000$8,000

$1,800 $3,000

$3,600$6,000

$2,500$4,500

$5,000$9,000

$3,000$6,000

When your share of covered expenses (including the deductible) reaches the OOP limit, covered expenses for the remainder of the calendar year are paid at 100%. (Copays excluded.)

Individual OOP also applies. Applies to medical expenses only. The entire OOP must be met before the plan begins to pay 100%. Applies to both medical and prescription drugs.

LIFETIME MAXIMUM (per person)

Unlimited Unlimited Unlimited

Oxy Medical Options Benefit Comparison

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FEATURES ANTHEM BLUECROSS AETNA BASIC AETNA HEALTHFUND

OFFICE VISITS

Network Non-Network Network / Non-Network

• Primary Care Physician• Specialist

$20 copay$40 copay

70%70%

80% / 70%80% / 70%

OTHER MEDICAL EXPENSES

Surgery, Diagnostic X-rays not billed by physician; Lab; Ambulance

90% 70% 80% / 70%

Chiropractic Care (maximum 26 visits per year)

90% 70% 80% / 70%

Skilled Nursing Facility 90%Up to 100 days per year

70%Up to 100 days per year

90% / 70%Up to 120 days per calendar year

Infertility (lifetime limits: $20,000 medical; $10,000 prescription)

90% Up to lifetime limits

70% Up to lifetime limits

80% / 70%Up to lifetime limits

Hearing Aids (benefit maximum: $2,500 every 3 years)

90% 70% 80% / 70%

Acupuncture Therapy (maximum 26 visits per year)

$40 copay 70% 80% / 70%

Home Health Care 90%Up to 100 days per year

70%Up to 100 days per year

80% / 70%Up to 120 days per calendar year

PREVENTIVE CARE

• Routine Physicals/Well Child Care• Flu Shots• Mammography• PSA Test• Cervical Cancer Screening

(and exam)• Colorectal Cancer Screening

$0 copay 70% 100%, no deductible / 70%

All preventive services are subject to age and frequency guidelines.

VISION CARE

• Routine Exam• Materials

$0 copayNot covered

70%Not covered

100%, no deductible / 70%Not covered

Coverage levels apply only to covered expenses. Coinsurance (amounts indicated as percentages in the table) is after the deductible unless otherwise noted. Non-coinsurance services are covered at 100% after the designated fixed-dollar copay. Anthem BlueCross copays do not apply to deductibles. Most non-network services are subject to usual and customary (U&C) or local plan allowance limits. For additional information about plan provisions, refer to the Summary Plan Description on My HR and subsequent issues of the Benefit News or The Source.

Oxy Medical Options Benefit Comparison (continued)

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FEATURES ANTHEM BLUECROSS AETNA BASIC AETNA HEALTHFUND

PRESCRIPTION DRUGS

• Deductible

• Out-of-Pocket (OOP) Drug Limit

• No deductible

• Using lowest-cost option, separate annual OOP drug limit is $1,500 per person.

• No deductible

• Using lowest-cost option, separate annual OOP drug limit is $1,500 per person.

• You pay the full cost of drugs until the annual deductible is met.

• No separate annual OOP drug limit.

Using the lowest cost approach (i.e., generics and mail order for maintenance drugs), you pay**:

• Retail; up to 30-day supply (penalty applies after 2nd refill at retail for maintenance drugs)

Generic $10Preferred $30Non-Preferred $50

Generic $10Preferred 25%, Min $10/Max $50Non-Preferred 25%, Min $25/Max $100

Generic $10 Preferred 25%, Min $10/Max $50 Non-Preferred 25%, Min $25/Max $100

• Mail Order; up to 90-day supply

Generic $20Preferred $60Non-Preferred $100

Generic $20Preferred 25%, Min $20/Max $100Non-Preferred 25%, Min $50/Max $200

Generic $20Preferred 25%, Min $20/Max $100Non-Preferred 25%, Min $50/Max $200

** Certain preventive drugs are covered at 100% ($0 copay). The list can be found on the Express Scripts website.

* There is no unique benefit for urgent care. Depending on the facility, you pay either an office visit copay or ER coinsurance.

Prescription Drugs (Express Scripts)

FEATURES ANTHEM BLUECROSS AETNA BASIC AETNA HEALTHFUND

MENTAL HEALTH AND SUBSTANCE ABUSE TREATMENT

Network Non-Network Network / Non-Network

• Inpatient/Outpatient Facility• Outpatient Office Visit

90%$20 copay

70%70%

90% / 70%80% / 70%

HOSPITAL/SURGICAL CENTER

• Inpatient/Outpatient 90% 70% 90% / 70%

EMERGENCY ROOM AND URGENT CARE

Urgent Care Facility $20 copay* 70% 80% / 70%

Emergency admissions must be certified within 48 hours of admission.

90% 90% 90% / 90%

Important: No benefits for non-emergency use of emergency room.

Precertification Requirements • All inpatient care must be precertified. In most cases, network providers will handle precertification.• If you use non-network providers, it is your responsibility to obtain precertification to avoid a noncompliance

penalty of up to $500.

Oxy Medical Options Benefit Comparison (continued)

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Health Savings Account (HSA)When you enroll in the Aetna HealthFund medical option, you can open an HSA to pay for current and future qualified health care expenses. The HSA is administered by PayFlex.

About the HSAAn HSA is a special, tax-advantaged savings account that works with a high-deductible, qualifying health plan such as the Aetna HealthFund medical plan.

Unlike a Flexible Spending Account (FSA), an HSA has no “use it or lose it” rule. Money remaining in the account at year-end rolls over (stays in your account) for later use. You own your HSA, so you keep it, even if you change medical plans or jobs.

With an HSA, you control how your health care needs are met and financed. You decide how much money you want to contribute each year and how that money should be spent or saved. Because you retain ownership of any unused funds, you may be more aware of the true cost of services and more deliberate in your decisions. You may price shop, ask more questions, and get more involved in prevention and treatment.

Making contributions to fund your HSA is voluntary—you may enroll in the HealthFund medical option without contributing to or establishing an HSA.

HSA ContributionsYou may choose to make tax-free contributions to your HSA, up to the annual limits set by the IRS:

HSA qualified expensesYou may use your HSA to pay for qualified, health-related expenses allowed by the IRS, including deductibles, copays and coinsurance. In addition, certain expenses not covered under Oxy’s medical plans may be considered a qualified expense by the IRS.

For more examples of HSA qualified expenses, go to the PayFlex website.

COVERAGE LEVEL

MAXIMUM CONTRIBUTION

CATCH-UP CONTRIBUTION*

Employee Only $3,500 $1,000

Employee + One $7,000 $1,000

Family $7,000 $1,000

* If you are age 55 or attain age 55 by the end of 2019.

Contributions to your HSA may be made in one or both of the following ways:

• Pretax payroll contributions: Deductions will be made before federal and state (in most states) taxes are taken from your paycheck. To use this method, elect an annual HSA contribution of at least $1 during your online enrollment and Oxy will pay your monthly PayFlex HSA administration fee.

• After-tax contributions: You may send periodic or one-time after-tax contributions directly to PayFlex by check or through an electronic funds transfer from your bank account. You can contribute any time during the year, or up until April 15 of the following year, then claim your after-tax contributions as a deduction when you file your tax return. You will need to contact PayFlex directly to set up your account unless you also elect an HSA payroll contribution. Alternatively, you may choose to set up your own HSA at a local bank or credit union, and you will be responsible for any associated fees.

Please note, you are not eligible to participate in an HSA if you reside in non-U.S. locations that require local medical insurance (e.g. Abu Dhabi).

If you are Medicare-eligibleBased on IRS regulations, once you sign up for Medicare, you are no longer eligible to contribute to an HSA. You are automatically enrolled in Medicare Part A when you reach age 65 or become Medicare-eligible. If you are currently age 65 or older, or will turn 65 in 2019, you should discontinue contributions to an HSA to avoid any tax penalties.

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HSA Tax Advantages• Contributions you make to your HSA through pretax payroll deductions

are not considered taxable income on your federal income tax return. Contributions are also nontaxable in most states.

• Any after-tax contributions can be taken as an “above-the-line” tax deduction when you file your tax return, thereby reducing your taxable income by the after-tax amount you contributed to your HSA. You do not have to itemize your deductions to benefit.

• HSA funds accumulate interest and earnings tax-free.

• Withdrawals for qualified expenses are tax-free.

• In the event of your death, your HSA balance can transfer to your surviving spouse tax-free, if you name your spouse as beneficiary.

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How to decide• Are you comfortable with the increased financial risk of a high-deductible

medical plan?

• Review your health services and expenses for the past few years. Do you want the opportunity to save money in a tax-free HSA to pay for your current and future health care expenses?

• Are you looking for additional opportunities to save tax-free for your retirement?

• Compare your contributions under the Aetna HealthFund medical option to other available medical options. Remember, you can fund your HSA with some or all of the difference in cost.

More information about HSAsFor various HSA publications and tools to assist you (HSA Quick Reference Guide, Frequently Asked Questions (FAQs), forms, etc.), go to the PayFlex website.

How to Use Your HSAIf you enroll in an HSA, you will receive a PayFlex HSA MasterCard in your name. This card may be used like any debit card, for example, at the doctor’s office, pharmacy or hospital. Additional cards for family members are available upon request.

• Use your PayFlex HSA debit card or their optional online issued checks to pay for qualified expenses with your HSA funds.

• Alternatively, you can pay for current expenses out-of-pocket and leave your HSA funds in your account to grow tax-free for future use. By keeping your receipts, you can access your HSA funds at any time in the future to reimburse yourself tax-free for qualified expenses you paid out-of-pocket. You may set up direct deposit to a bank account of your choice on the PayFlex website.

• Any unused balance in an HSA automatically rolls over year after year (i.e., stays in your account until used).

• You do not need to file a claim form to access your HSA funds; however, you should keep all of your receipts and documentation in case they are requested by the IRS.

• If you use your HSA to pay for non-qualified expenses, you must report the expense as taxable income on your tax return. An additional 20% penalty tax on non-qualified expenses will apply unless you are at least age 65 or disabled.

Visit ALEX®

Check out ALEX, our virtual benefits counselor, for help choosing the benefit options that will work for you in 2019. Access ALEX from the Enrollment Information site, 2019oxyenrollment.com, or myalex.com/oxy/2019.

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Build Your Nest EggAn HSA not only can help you pay for current health care expenses on a tax-free basis, it can be a powerful tool to help you build long-term savings for your retirement. This is because an HSA provides tax benefits beyond those of other tax-deferred savings vehicles. Contributions to an HSA are excluded from taxable income—even withdrawals are tax-free when used to pay for qualified health care expenses.

You may choose to pay for your current expenses out-of-pocket and let your HSA grow and accumulate earnings tax-free for future expenses like long-term care premiums or health expenses during retirement. If you pay for your medical costs with after-tax money, or you remain healthy and don’t need to withdraw from your HSA, your balance can increase by investment earnings that accumulate tax-free. You may then use the money in the account to supplement your retirement income. When you reach age 65, withdrawals can be made for non-medical purposes but are taxed as ordinary income. Funds used for qualified medical expenses are never taxed.

Beneficiary DesignationIn the event of your death, your HSA balance can transfer to your surviving spouse tax-free, but only if you name your spouse as beneficiary. If you do not name your spouse, or your beneficiary is not your spouse, the funds will be taxed as ordinary income.

You can designate your beneficiary on the PayFlex website.

HSA Investment OptionsYour contributions to the HSA will be deposited in an account with Citibank. Until you accumulate $1,000 in your HSA, your contributions will be invested in an interest-bearing, FDIC-insured cash account continuing to earn interest based on your monthly HSA balance (see chart below).

Once you reach the $1,000 minimum balance, you may open an investment account. Any balance above $1,000 in your HSA is available for you to invest in a diversified group of mutual funds offered by Citibank.

Your HSA account balance and transaction history are available on the PayFlex website.

States vary on HSA tax treatmentReferences in this document to the “tax-free” nature of HSAs apply to federal income tax. HSAs are also tax-free in most states. As of November 2018, some states in which Oxy operates (e.g., Alabama and New Jersey) have not passed legislation to grant state tax benefits to HSA contributions and investment earnings like those available at the federal level.

The information provided in this document is not tax advice. While the information is believed to be accurate as of the print date, it is subject to change. Consult a qualified tax expert for advice on determining eligibility for any tax benefits.

FDIC-INSURED CASH ACCOUNT

Tiered interest rate

HSA BALANCE INTEREST RATE

$0.01 - $2,000

$2,000.01 - $7,500

$7,500.01 - $10,000

Over $10,000

0.05%

0.10%

0.20%

0.40%

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The dental plan, administered by Aetna, covers preventive dental care and services that are essential to the proper care of your teeth. The Aetna dental plan offers significant cost savings when you use network providers. If you use a non-network dentist, the plan pays the same percentage of covered expenses, but only up to the plan’s “usual and customary” limits—you pay the rest.

Here is an overview of the 2019 dental plan.

Dental Coverage

DENTAL PLAN

MONTHLY DENTAL CONTRIBUTIONS

Coverage Level

• Employee Only• Employee + One• Family

$12$24$36

ANNUAL DEDUCTIBLE

• Individual• Family

$50$150

BENEFIT MAXIMUMS

• Annual maximum• Lifetime maximum• Lifetime orthodontic maximum

• $2,000 per covered individual per calendar year • Unlimited, except for orthodontic • $2,500 per covered individual

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DENTAL PLAN - COVERED SERVICES PLAN PAYS

Preventive and Diagnostic Services• Two routine oral exams annually• Three cleanings and scaling of teeth annually • Bitewing and diagnostic X-rays • Fluoride application (dependents under age 16) • Sealants • Space maintainers • Problem-based exams

100%, no deductible

Restorative Services• Simple extractions • Oral surgery for wisdom teeth extraction. Other oral surgery, if not covered by your medical plan • Fillings, except gold • Repair or re-cementing of crowns, inlays, bridgework, dentures • Relining of dentures • Treatment of diseases of the gums and tissues of the mouth (periodontics) • Endodontic treatments such as root canals • General anesthesia, if medically necessary

80% after deductible

Major Services• Crowns, inlays or gold fillings • Dentures • Fixed bridgework (including inlays and crowns as abutments)

50% after deductible

Orthodontic Services• Braces and other orthodontic treatment

50%, no deductibleUp to lifetime benefit of $2,500

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The vision plan is provided through VSP Vision Care. The plan has a large nationwide network of vision care providers, including doctors and eyewear suppliers. Benefits include examinations and glasses (frames and lenses) or contact lenses. You pay the full cost of your vision premium with pretax dollars through payroll deductions. The vision plan is a standalone plan and not part of the medical plan.

Vision CoverageAbout VSPVSP has negotiated fees with doctors and optical labs so you receive a greater savings when you use VSP network providers. To locate current VSP network providers, go to the VSP website or call VSP Member Services at 800-877-7195.

VISION PLAN

MONTHLY CONTRIBUTIONS

• Employee Only• Employee + One• Employee + Children • Family

$7.05$14.13$15.09$24.15

Additional VSP featuresVSP offers discounts on lens enhancements and name brand frames. As a VSP member, you will also have access to a hearing discount program through TruHearing®. For more information, go to the VSP website. Or call VSP at 800-877-7195.

Aetna or Anthem and routine eye examsRemember, if you elect Aetna or Anthem medical coverage, you have access to a routine eye exam paid at 100%. If you don’t need vision correction, you might not need separate vision coverage.

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VISION PLAN - COVERED SERVICES

FEATURES WHAT YOU PAY FOR VSP PROVIDERS

WellVision Exam (every calendar year)

$10 copay

Prescription Glasses $20 copay; see Frames and Lenses

Frames(every other calendar year)

Included in prescription glasses copay• $200 allowance for a wide selection of frames• 20% savings on the amount over your allowance• $110 Costco allowance

Lenses (every calendar year)

Included in prescription glasses copay• Single vision, lined bifocal and lined trifocal lenses• Polycarbonate lenses for dependent children

Lens Enhancements (every calendar year)All progressive lenses

$50 copayAverage savings of 20-25% on other lens enhancements

Contacts (instead of glasses) (every calendar year)

• $150 allowance for contacts • 15% savings on contact lens exam (evaluation and fitting) and up to a $40 copay

Diabetic Eyecare Plus Program (as needed)

$20 copay; services related to diabetic eye disease, glaucoma and age-related macular degeneration (AMD). Retinal screening for eligible members with diabetes. Limitations and coordination with medical coverage may apply. Ask your VSP doctor for details.

Extra Savings Glasses and Sunglasses • Extra $20 to spend on featured frame brands • 20% savings on additional glasses and sunglasses, including lens enhancements, from any VSP provider within 12

months of your last WellVision ExamRetinal Screening • No more than a $39 copay on routine retinal screening as an enhancement to a WellVision ExamLaser Vision Correction • Average 15% off the regular price or 5% off the promotional price; discounts only available from contracted facilities

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Flexible Spending Accounts (FSAs)An FSA lets you pay for certain health care and dependent care expenses with pretax dollars. The FSAs are administered by PayFlex.

How to decide• What are your expected eligible health care expenses for 2019?

• What will your dependent care expenses be in 2019?

• Compare the advantages of a Dependent Care FSA with the federal dependent care tax credit to see which approach provides you with the better tax advantage.

HEALTH CARE FSA

Who’s Eligible Employees not enrolled in a Health Savings Account (HSA) may enroll in a Health Care FSA. If you are enrolled in an HSA, you may enroll in a Limited Purpose Health Care FSA.

Eligible Expenses Use the money in your account to reimburse yourself on a pretax basis for eligible expenses, including: • Medical and dental deductibles• Medical, prescription drug, dental and vision copays• Coinsurance and other out-of-pocket expenses not covered by your Oxy medical, prescription drug, dental or

vision plan

Note: Over-the-counter medications are eligible only with a prescription. For a complete list of eligible expenses, go to the PayFlex website or call PayFlex at 844-729-3539.

Employee Annual Contributions $100 minimum; $2,650 maximum

Tax Savings Contributions are pretax and qualified reimbursements are tax-free.

Forfeit of Funds Each year you have until March 31 to submit claims for health care expenses incurred during the previous calendar year equal to your contribution. Otherwise, you will forfeit any unused money in your Health Care FSA.

Portability If you leave Oxy, you may use your Health Care FSA for eligible expenses incurred up to your last day of employment unless you elect COBRA continuation coverage for a Health Care FSA.

Limited Purpose Health Care FSA

If you enroll in the Aetna HealthFund medical plan and an HSA, you may only participate in a Limited Purpose Health Care FSA. • Before you meet your HealthFund medical plan deductible, this FSA may be used for eligible dental and

vision expenses and certain preventive drugs and services.• Once you’ve met your HealthFund deductible, you may use your Health Care FSA for eligible medical and

prescription drug expenses as well.

Regardless of your health care plan elections, if any, you may enroll in a Health Care FSA, a Dependent Care FSA, or both, during the Open Enrollment period.

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Direct Deposit OptionYou may elect to have your FSA reimbursements directly deposited into a designated checking or savings account of your choice. Once enrolled in an FSA, go to the PayFlex website to register and provide your direct deposit banking information.

DEPENDENT CARE FSA

Eligible Expenses Reimburse yourself on a pretax basis for expenses related to care of eligible dependents, including: • Day care• Before- and after-school programs• Summer day camp• Adult day care

Note: For a complete list of eligible expenses, go to the PayFlex website or call PayFlex at 844-729-3539.

Employee Annual Contributions

• $100 minimum• Up to $5,000 per year maximum if single or married, filing a joint tax return• $2,500 maximum if married, filing a separate tax return

Tax Savings Contributions are pretax and qualified reimbursements are tax-free.

Forfeit of Funds Each year you have until March 31 to submit claims for eligible dependent care expenses incurred during the previous calendar year equal to your contribution. Otherwise you will forfeit any unused money in your Dependent Care FSA.

Health Care FSA Auto PaySimplify your claims submissions with Auto Pay. Aetna medical and dental claims, and Express Scripts (ESI) copays or coinsurance will be automatically forwarded to your Health Care FSA for reimbursement.

To get started, log on to PayFlex.com:

• Under the Health Plan Claims tab, select View Health Plan Activity Options.

• Review and update your automatic reimbursement settings, and Save before leaving the website.

Changing Your Contribution AmountOnce you submit your FSA election for the plan year, you may not start, stop or change your contribution amount unless you experience a change in status and the change you elect is consistent with the event. A change in dependent care provider is not considered a status change.

Auto Pay is not available:

• If you enroll in a Limited Purpose Health Care FSA.

• For Anthem medical and VSP vision claims. However, prescriptions processed by ESI under the Anthem medical plan are eligible.

• If you coordinate medical or dental claims with another health plan.

Important—You must re-elect Auto Pay each year!

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Protect yourself and your family with Oxy income protection and group legal benefits.

Life InsuranceGroup Universal Life (GUL) GUL provides additional life insurance protection for you and your dependents.

Coverage Options

The following GUL benefit coverages are available:

• Yourself: Elect from ½ times up to 8 times your annual base pay.

• Spouse: Elect $10,000, $25,000, $50,000, $75,000, $100,000, $150,000 or $200,000.

• Dependent children (up to age 26): Elect $10,000 per child without proof of good health.

When you retire or leave Oxy employment, your GUL coverage is portable as long as you continue to pay the required premiums directly to MetLife.

GUL beneficiary designationBe sure to complete your beneficiary designation for GUL when you enroll online and keep your beneficiary designation updated as needed. International employees must call MetLife to request a beneficiary form. Your designated beneficiary will receive your life insurance proceeds in the event of your death. If you do not name a beneficiary, then payment will be made in accordance with the plan rules.

life

Enrollment informationNo action is required. However, if you and/or your dependents want to enroll or increase current coverage, you will be required to provide proof of good health. You must complete and submit a Statement of Health to MetLife for review. Coverage is not effective until approved by MetLife.

Note: You can only elect or increase coverage up to the guaranteed issue amount without proof of good health if you experience a “life event“ during the year. You must make the change within 31 days of the event.

To enroll or change coverage, go to mybenefits.metlife.com.

International employees: Call MetLife at 800-756-0124 to request an enrollment form.

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Cost of Coverage

You pay the entire cost for GUL coverage through after-tax payroll deductions each pay period. Your cost for GUL coverage is based on age and amount of coverage.

GROUP UNIVERSAL LIFE

COST OF COVERAGE (after-tax)

Age Monthly Contribution* Per $1,000 of coverage

Employee Under 3030-3435-3940-4445-4950-5455-5960-646566676869

$0.024$0.030$0.043$0.060$0.092$0.154$0.287$0.556$1.219$1.387$1.572$1.773$2.008

Spouse Same as above

Same as above

Dependent Children N/A $0.84

* If you move from one rate to the next during the year, your coverage cost will increase the following January 1. If you are over age 69, call MetLife for rate information.

Cash Value Fund

If you elect either employee or spouse GUL coverage, you may also elect online (international employees must call MetLife) to make additional contributions to a tax-advantaged savings account that offers you guaranteed earnings.

For further details about this feature, contact MetLife at 800-756-0124.

Company-paid life insurance benefitsAs you consider your life insurance coverage for 2019, keep in mind you have the following Company-paid life insurance benefits while working at Oxy:

• Basic Life 2X your annual base pay;

• Basic Accidental Death and Dismemberment (Basic AD&D) 1X your annual base pay;

• Occupational Accidental Death and Dismemberment (OAD&D) 2X your annual base pay.

For more information about these benefits go to My HR on OxyNet.

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Voluntary Accidental Death and Dismemberment (AD&D)AD&D provides 24-hour coverage, 365 days a year, for you and your eligible dependent children in the event of death, or certain disabling injuries, resulting from a covered accident. You also may elect coverage for your spouse. You pay the entire cost for your coverage through after-tax payroll deductions.

Coverage Amount

You may purchase the following coverage:

• Yourself: One to 10 times your annual base pay, up to $1 million.

• Spouse: 50% or 100% of your elected coverage amount, up to $1 million.

• Dependent children: Each dependent child is automatically covered for $10,000 if you enroll for coverage.

The full amount of coverage is payable in the event of accidental death. For accidental dismemberment or loss of use, coverage is a percentage of the death benefit amount, based on the nature of the injury. Additional benefits may be payable depending on the nature or circumstances of the accident (such as seat belt or air bag usage).

VOLUNTARY AD&D

COST OF COVERAGE (after-tax)

Monthly Contribution Per $10,000 of coverage

Employee $0.19

Spouse $0.17

Dependent Children No additional charge

Beneficiary designationsBe sure to review and update as needed your beneficiary designations for each life insurance plan that you are enrolled in. Forms are available on the 2019 Enrollment Information site, 2019oxyenrollment.com.

How to decideLife insurance helps protect your family’s financial future. If you have no dependents, you may not need much insurance. However, if you have a spouse, children or other dependents, you may want more protection. Here are some considerations:

• Would your family need insurance benefits to help pay a mortgage and such things as day-to-day living expenses or a child’s college education?

• Do you or your family members have other financial assets such as savings, investments or private insurance that could also provide for your dependents?

• When considering Voluntary AD&D, do you and your spouse have sufficient disability insurance to support your family if either of you are severely injured or die in an accident?

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Long-Term Disability (LTD)The LTD plan provides you with continuing income in case of a prolonged illness or injury.

LTD PLAN

Waiting Period Benefits generally begin after a 26-week waiting period (the maximum Short-Term Disability benefit period).

Coverage Options You have two coverage options: – 50% Option: Benefit equals 50% of your base pay. – 60% Option: Benefit equals 60% of your base pay.

• If you die while receiving LTD benefits, both options provide a lump-sum survivor benefit equal to six months of your gross LTD benefit.

• Your LTD benefit will be reduced by any disability income you may receive from other sources such as Workers’ Compensation and Social Security.

Maximum Benefit $15,000 per month

Benefit Duration If you remain disabled under the terms of the LTD plan, benefits are generally payable until your Social Security normal retirement age. However, if your disability begins at age 65 or older, benefits are payable to age 70, but not less than 12 months.

Cost For Coverage • 50% Option: $0.484 per $100 of your monthly base pay.• 60% Option: $0.678 per $100 of your monthly base pay.

About LTD Enrollment During Open Enrollment, you can increase, decrease or cancel your LTD coverage. To enroll for LTD coverage the first time, you must submit an application to Prudential along with proof of good health. Costs associated with providing such evidence will be at your expense. Coverage will begin only if Prudential approves your application. Pre-existing conditions apply in all cases.

How to decide• Do you have enough personal savings or other sources of

income to support yourself and your family if you become disabled for a long period of time and cannot work?

• Do you have disability coverage from any other source?

• If you have a working spouse, will his or her income be enough to support your entire household if you have no other sources of income?

• If you qualify to receive government benefits, will they replace a sufficient portion of your pre-disability income?

• How important is continued medical, dental and life insurance coverage while you are on a long-term disability? That may not be available to you if you do not have LTD coverage.

• If you are age 65 or older, is the value of the LTD benefit worth your monthly cost? Benefits are paid to age 70 (with a minimum of 12 months benefits paid).

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Cost of Coverage

You pay the full cost of Group Legal Insurance through after-tax payroll deductions each period. Your cost is based on the coverage option you choose:

MetLaw Group Legal Insurance

METLAW GROUP LEGAL INSURANCE

Coverage Options Monthly Contribution

MetLaw Group Legal InsuranceCovers you, your spouse and dependents

$18.50

Buy Up: MetLaw Group Legal Insurance Plus ParentsThis options allows you to add coverage for select services for your parents

$24.50

The new MetLaw Group Legal Insurance gives you and your family access to trusted and affordable legal resources.

This new, voluntary program covers some of the most frequently needed personal legal matters, such as:

• General phone advice and office consultations

• Wills and estate planning

• Document review and preparation

• Home and real estate matters

• Identity theft matters

• Defense of civil lawsuits

• Traffic defense

• Juvenile court matters

• Family law

• Elder-care

Services are provided through Hyatt Legal Services. When you enroll for Group Legal Insurance, you’ll also be covered by Fraudscout, comprehensive fraud and credit monitoring services coupled with 24/7 dedicated support.

Important: Before you enroll If you enroll in Group Legal Insurance during Open Enrollment, you must remain in the plan for the full benefit year: January 1 - December 31. You cannot drop or change coverage until Open Enrollment for 2020 benefits.

Union employees: Refer to your collective bargaining agreement to determine if you are eligible to enroll in MetLaw Group Legal Insurance.

For more information about MetLaw Group Legal Insurance

Call 800-821-6400 Weekdays, 7 a.m. to 7 p.m. (Central Time)

Go to info.legalplans.com. Use access code:

• 9901584 - MetLaw Legal Insurance for your family• 9901586 - MetLaw Plus Parents

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OxyLink OnlineLog on from the My HR home page.

OxyLink Emailoxylink@oxy.com

Oxy Link Address4500 South 129th East Avenue, Tulsa, OK 74134-5801

OxyLink Service Representatives800-699-6903 or 918-610-1990 (from outside the U.S.) 918-610-1944 (fax)

Weekdays (except holidays) 8:00 a.m. to 4:30 p.m. (Central Time)

Important Things to Remember• You will retain your current medical, dental, vision, voluntary AD&D, GUL

and LTD coverages in 2019 unless you make a change.

• Don’t wait until the last minute. If you newly enroll in a regional plan, OxyLink must receive your completed enrollment form by the end of Open Enrollment.

• If you want to contribute to a Flexible Spending Account (FSA) or Health Savings Account (HSA), you must enroll to participate in 2019—your current elections do not automatically continue to next year.

• You must make an election to participate in MetLaw Group Legal Insurance in 2019.

• If you enrolled new dependents, you must upload your supporting documentation or contact OxyLink for assistance.

• In most cases, your 2019 elections under the medical, dental, vision and FSA plans are irrevocable after the Open Enrollment period closes, unless you have a change in family status during the year. Status change information is available on My HR.

• Until Open Enrollment closes, you may log on to OxyLink Online and change your prior elections. You must select the Submit button again to process any changes to your elections. Log on to OxyLink from the My HR home page.

• For additional information about the benefit plans, go to My HR or visit the Enrollment Information site at 2019oxyenrollment.com.

enrollment choices today!Review your 2019

Questions?

If you have questions about Open Enrollment or your benefits, or if you do not have Internet access, call the OxyLink Employee Service Center during normal business hours.

This Enrollment Guide contains only a partial summary of Oxy’s benefit plans and programs. Please refer to the Summary Plan Descriptions for more complete information. The plans and programs are administered according to plan documents, including trust agreements and contracts with third-party providers, as well as corporate and divisional policies. With the exception of changes announced in subsequent issues of the Benefit News or The Source, if any discrepancy arises between this guide and the legal plan documents, the plan documents, contracts or trust agreements will apply. Oxy does not promise that these benefit plans and programs or any level of benefits will continue to be made available. Oxy reserves the right to revise, amend or discontinue any of its benefit plans or programs at any time, with or without notice. Benefits are provided at the sole discretion of Oxy and do not create a contract of employment.

Open Enrollment ends November 12