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2012 Benefits Presentation. What Well Cover Today Everything you need to know about Open Enrollment and your 2012 benefits: – Open Enrollment basics –

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Presentation on theme: "2012 Benefits Presentation. What Well Cover Today Everything you need to know about Open Enrollment and your 2012 benefits: – Open Enrollment basics –"— Presentation transcript:

1 2012 Benefits Presentation

2 What Well Cover Today Everything you need to know about Open Enrollment and your 2012 benefits: – Open Enrollment basics – What s new for 2012 – Your 2012 benefits – How to enroll Enrollment Information Review your enrollment packet to review: –Your Open Enrollment Announcement –2012 Benefits Enrollment Guide –UHC Welcome booklet 1

3 Open Enrollment Basics 2

4 Open Enrollment is Tuesday, November 1 – Friday, November 18, 2011 Its your once-a-year opportunity to enroll for new benefits or make changes to current benefits Changes you make during Open Enrollment are effective January 1, 2012 through December 31, 2012 – No changes during 2012 unless you have a qualifying event Important! You must complete the enrollment form and submit to HR by November 18 th. 3

5 What You Can Do During Open Enrollment During Open Enrollment, you can: – Elect or waive health care coverage (medical/dental/vision) – Add or remove dependents – Elect to participate in a Flexible Spending Account (FSA) Health Care – Standard or Limited Purpose* Dependent Care – Elect to open a Health Savings Account (HSA)* – Apply for supplemental life insurance (subject to approval) – Purchase Hyatt Legal coverage *Only available if you enroll in the CDHP 4

6 Whats New for

7 New medical plan provider UnitedHealthcare – There are minimal changes to the plan designs – Prescription Drugs will still be with Medco – There are changes to: The provider network To find out if your current provider participates in the UHC network, go to and review providers in the Choice Plus network ID cards All employees and dependents enrolled in the plan will receive new ID cards by January 1 – Transition of care is available For those in the middle of a course of treatment with a provider who doesnt participate in UHCs network. Form available on Powering Life website Why are we moving to UnitedHealthcare? UHC offers great provider discounts to save you and Tomkins money on medical services. UHC also has a broad national network of doctors and hospitals. 6

8 Whats New for 2012 New benefit! Basic Long-term Disability (LTD) – Schrader International pays the full cost! – If youre benefits eligible, youre automatically enrolled – Replaces 50% of your base predisability earnings, up to $5,000 benefit per month – Upon approval, benefit paid after youre disabled 180 days For occupational or non-occupational injuries or illnesses – Subject to pre-existing rules the first year of coverage 7

9 Whats New for 2012 Only one vision plan will be offered – EyeMed vision plans no longer offered – New carrier = VSP – New plan design – Extensive network of practitioners – Log on to to check out the Choice networkwww.vsp.com 8

10 Whats New for 2012 New Dental Carrier – Metlife is our new carrier – The plan design will stay the same as last year – Both in and out of network dentists and orthodontists – Extensive network which provide discounted services – No ID card. Simply give the office your name, date of birth and last 4 digits of your SS# – Check out for network dentistswww.metlife.com 9

11 Your 2012 Benefits 10

12 Your 2012 Benefits Medical (UnitedHealthcare) – PPO Plan – CDHP with Health Savings Account (HSA) Dental Plan (MetLife) Vision Plan (VSP) Employee Assistance Program* Disability Coverage (The Hartford) – Short-Term Disability (STD)* – Basic Long-Term Disability (LTD)* Life Insurance (The Hartford) – Basic coverage* – Voluntary coverage Accidental Death and Dismemberment (AD&D) Insurance (The Hartford) – Basic coverage* – Voluntary coverage Flexible Spending Accounts (FSAs) – Health Care FSA – Dependent Care FSA Legal Plan (Hyatt) * Tomkins pays the full cost of these plans youre automatically enrolled at no cost to you!

13 2012 Rates Bi-Weekly Rates CoveragePPOCDHP Employee Only $$ Employee + Spouse $$ Employee + Child(ren) $$ Family $$ CoverageBi-Weekly Rates Employee Only $ Employee + Spouse $ Employee + Child(ren) $ Family $ CoverageBi-Weekly Rates Employee Only $ Employee + Spouse $ Employee + Child(ren) $ Family $ Medical CoverageDental CoverageVision Coverage

14 Life and Accident Insurance Voluntary Life Insurance – Apply at any time for additional life insurance on yourself and/or your dependents – Contact your Human Resources Representative for an Evidence of Insurability form – Once HR completes our section, you complete the form and mail to The Hartford – The Hartford will be in contact with you about the status of your request, if more information is needed, and the final determination – this process may takes weeks/months AD&D coverage can be increased with out proof of good health 13

15 FSA and HSA FSA – Health Care – Dependent Care – $260 to $5,000 election Health Savings Account 2012 maximums = Individual - $3,100 Family - $6,250 Minimum = $100 14

16 How to Enroll 15

17 Ready to Enroll? Complete the enrollment form found in your packet – Have handy your dependents social security #s, dates of birth, and full legal names – Print clearly – Submit your completed for to Human Resources no later than Friday, November 18, 2011 Enrollment Checklist Understand the benefits available Discuss your benefit needs with your family Complete enrollment by November 18 16

18 Important Reminders Open Enrollment ends on November 18 Benefits are effective from January 1 through December 31, 2012 You must complete the enrollment form and submit to HR by November 18 th If you have had a marital status change, be sure to update your Life and Accident insurance beneficiary designation (form online at the Powering Life website or from your HR department). 17

19 Questions? Visit the new Powering Life website at to review all documents, including: – 2012 Open Enrollment Announcement (which outlines Whats New) – 2012 Enrollment guide (which gives more details on each benefit) Visit carrier websites 18


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