BENEFITS BREAKDOWN A Walmart Company.

Slides:



Advertisements
Similar presentations
2013 New Employee Benefits Orientation – Most Employees
Advertisements

Balsz School District Employee Benefits Programs
Thermal Mechanics, Inc. Employee Benefits Review July 1, 2015.
Consumer-Driven Health Plans HSA and HDHP Overview A Health Savings Account (HSA) is a special account owned by an individual where contributions to.
Busco, Inc – Arrow Stage Lines Annual Enrollment
1 University of St. Thomas 2015 Annual Enrollment Briefing.
Open Enrollment for 2016 Fall Agenda Medical (Maize, Blue, HRA’s, HSA’s) Flex (FSA, DCSA) Dental Vision Life, AD&D, Long Term Disability Teladoc.
2016 Employee Benefits Employee Benefits Overview  Medical Rates increased 20+% across all plans  Move to Simpler Medical Plan Offering  Three.
BROWARD HEALTH BENEFITS Health and Dental benefits effective 1st of the month following hire date. Required documentation such as marriage and birth.
PSC-CUNY WELFARE FUND A Program of Supplemental Health Benefits
Welcome to Lutheran Healthcare
Important Dates To Remember
UC Health Savings Plan UCSB Human Resources, Benefits 1
Methods of Payment for Healthcare
Agua Fria – Benefits Overview
FHC Employee Benefits Family Home Care – FHCcares.com –
Dachser USA 2017 Benefits.
FHC Employee Benefits Family Home Care – FHCcares.com –
Personal Finance Health Insurance
Ajax Turner Company, Inc.
Welcome to 2018 Annual Enrollment
Insurance.
2018 Benefits open enrollment
PARTNERS BENEFITS AT A GLANCE 11/1/2015 – 10/31/2016
Open Enrollment Benefits August 1_31, 2014
THE PRINCIPIA OPEN ENROLLMENT
Special Olympics southern california
Employee Benefit Insurance Plans
2015 Associated Providers’ Group Benefits
Douglas County School District
HEALTH SAVINGS ACCOUNTS
BRIEF PLAN OVERVIEW FOR JULY 1, 2018 – June 30, 2019
Comprehensive Health Insurance Plan Plan Year 2019 (July 1, June 30, 2019) Medical Vision Dental Term Life Insurance Long Term Disability.
Benefits Presentation
Welcome to Your Benefits Open Enrollment!
Dachser USA 2016 Benefits.
EMPLOYEE BENEFITS.
Insurance Services Benefits Presentation
2018 Benefit meetings Sturgeon Bay School District.
Open Enrollment 2018.
BENEFITS BREAKDOWN A Walmart Company.
BENEFITS BREAKDOWN A Walmart Company.
BENEFITS BREAKDOWN A Walmart Company.
DACHSER USA/Americas 2019 Benefits.
Robins & Morton 2019 Benefits
BENEFITS BREAKDOWN A Walmart Company.
HEALTH SAVINGS ACCOUNTS
THE PRINCIPIA OPEN ENROLLMENT
PSC-CUNY WELFARE FUND A Program of Supplemental Health Benefits
Health Savings Account
Employee Benefits Open Enrollment
Benefits Understanding the Total Reward
Health Savings Account
Employee Benefits Open Enrollment.
Dachser USA 2018 Benefits.
Enrollment New vendor, Chard Snyder, will handle enrollment and premium collection Online: Phone: Coverage does not rollover,
Dachser USA 2015 Benefits.
Open Enrollment 2019.
Presented by Steve Costello and Erin Devine of CBG Benefits
HEALTH SAVINGS ACCOUNTS
Open Enrollment Plan year: July 1, 2019 – June 30, 2020
PSC-CUNY WELFARE FUND A Program of Supplemental Health Benefits
Liberty Healthcare Corporation
DAAR Employee Benefits
Understanding Your Health Savings Account (HSA)
Health Savings Accounts (HSAs)
Consumer-Directed Health Plans (CDHP)
Health Savings Accounts (HSAs)
Presentation transcript:

BENEFITS BREAKDOWN A Walmart Company

MEDICAL BENEFITS ELIGIBILITY - COMPARISONS Old Benefit Package New Benefit Package | 2018 Administrator UHC Based upon location (Aetna, BCBS, UHC, or HSB) Eligibility Requirements Full time and part-time assoicates No Wait Full time working 30 hours New hire management: Date of hire New hire hourly: 1st day of the month in which 89th day of employment falls New hire part-time/temporary: 1st day of the 2nd month following 52 week anniversary averaging 30 hours/week Dependent Eligibility Spouse (incl DP) Dependent children Spouse/Partner (not covered for PT) Other UHC Health4Me UHC My Healthcare Cost Estimator Self-insured only: Castlight Doctor on Demand Grand Rounds Centers of Excellence for transplants, cardiac, spine, hip and knee replacement, and medical review of certain cancer types

Biweekly Associate Contributions Pedricktown & Burlington, NJ MEDICAL BENEFITS – COMPARISONS * Jet Call Center and Fulfillment Centers – moving from Jet Benefits to Walmart Standard Benefits Old Benefit Package New Benefit Package | 2018 Medical Plans   Traditional PPO Balanced PPO HDHP  HRA  HRA High HSA Aetna Select Mercy ACP Medical Funding Self-insured Biweekly Associate Contributions Associate Only $92 $46 $35 $26.10 $78.50 $29.10 $20.80 $43.40 Associate & Spouse $215 $115 $124.80 $265.90 $130.50 $110.00 $169.20 Aassociate & Child(ren) $175 $69 $41.90 $110.80 $45.70 $34.30 $67.90 Associate & Family $318 $173 $138 $146.40 $284.60 $150.70 $128.90 $200.10 Individual Deductible N/A $1,000 $1,300 $2,750 $1,750 $3,000 Family Deductible $2,000 $2,600 $5,500 $3,500 $6,000 HRA Co. Cont. $300/$600 $500/$1,000 HSA Co. Match $350/$700 Individual OOP $4,500 $6,850 $6,650 Family OOP $4,000 $9,000 $7,000 $13,700 $13,300 Coinsurance (in-network) - 80% 90% 75% PCP Copay $25 Specialist Copay $75 Rx Copay $10 to $50 $10 to $70 $10 to $60 $4 to $50/25% $4 to $50/25% after deductible Pedricktown & Burlington, NJ Bentonville, AR

Biweekly Associate Contributions MEDICAL BENEFITS – COMPARISONS * Jet Corporate – moving from Jet Benefits to Walmart eCommerce Benefits Old Benefit Package New Benefit Package | 2018 Medical Plans   Traditional PPO Balanced PPO HDHP  eComm PPO HSA Kaiser eComm Medical Funding Self-insured Fully-insured Biweekly Associate Contributions Associate Only $92 $46 $35 $32 $29.10 $29 Associate & Spouse $215 $115 $139 $130.50 $125 Aassociate & Child(ren) $175 $69 $54 $45.70 $49 Associate & Family $318 $173 $138 $161 $150.70 $145 Individual Deductible N/A $1,000 $1,300 $300 $3,000 Family Deductible $2,000 $2,600 $600 $6,000 HRA Co. Cont. HSA Co. Match $350/$700 Individual OOP $4,500 $3,500 $1,500 $6,650 $6,550 Family OOP $4,000 $9,000 $7,000 $13,300 $13,100 Coinsurance (in-network) - 80% 90% 75% PCP Copay $25 $15 Specialist Copay $50 Rx Copay $10 to $50 $10 to $70 $10 to $60 $10 to $30 copay $4 to $50/25% after deductible Store 8, CA Only

DENTAL BENEFITS ELIGIBILITY - COMPARISONS Old Benefit Package New Benefit Package | 2018 Administrator Aetna Delta Eligibility Requirements Full time and Part-Time associates No Wait New hire management: Date of hire New hire hourly: 1st day of the month in which 89th day of employment falls New hire part-time/temporary: 1st day of the 2nd month following 52 week anniversary - Must remain in the plan for 2 full calendar years Dependent Eligibility Spouse (incl DP) Dependent children No hours requirement Spouse/Partner (not covered for PT) Funding Fully Insured Self-insured

Biweekly Associate Contributions ($0 if enrolled in Medical) DENTAL BENEFITS - COMPARISONS Old Benefit Package New Benefit Package | 2018 Plans   DMO DPPO  Traditional Biweekly Associate Contributions ($0 if enrolled in Medical) Associate Only $2.31 $4.62 $8.30 Associate & Spouse $5.08 $9.69 $20.00 Associate & Child(ren) $6.46 $18.46 $19.40 Associate & Family $26.31 $33.90 Individual Deductible None $50 $75 Family Deductible $150 $225 Max per Person $1,750 $2,500 Preventative 100% Basic 80% Major 60% 50% Ortho Max $1,500 80% up to $1,500 lifetime max per person

VISION BENEFITS ELIGIBILITY - COMPARISONS Old Benefit Package New Benefit Package | 2018 Administrator Aetna VSP Eligibility Requirements Full time and Part-Time assoicates No Wait New hire management: Date of hire New hire hourly: 1st day of the month in which 89th day of employment falls New hire part-time/temporary: 1st day of the 2nd month following 52 week anniversary Dependent Eligibility Spouse (incl DP) Dependent children No hours requirement Spouse/Partner (not covered for PT) Funding Fully Insured

Biweekly Associate Contributions ($0 if enrolled in Medical) VISION BENEFITS - COMPARISONS Old Benefit Package New Benefit Package | 2018 Options   Biweekly Associate Contributions ($0 if enrolled in Medical) Associate Only $0.92 $2.76 Associate & Spouse $1.38 $5.52 Associate & Child(ren) Associate & Family $2.31 $8.26 Exam Copay $10 $4 Lenses Copay $20 Applies with purchase of frames, lenses, or both. Copay is charged only once when frames and lenses are purchased together. Progressive lens $55 copay. Frames $120 Allowance; 15% off over the allowance $130 allowance ($4 copay is charged only once when frames and lenses are purchased together.) Contacts $120 $130 in lieu of glasses

LIFE/AD&D BENEFITS - COMPARISONS Eligibility Dependent children up to age 19 (or age 25 if full-time student) Dependent children up to age 26 Company Paid Life Insurance Salary: 1x annual salary max of $300,000 (min of $50,000) Hourly: $50,000 No cost 1x annual salary max of $50,000; Optional Life Insurance Employee: Up to 5x annual salary Spouse: Up to $250,000 Dependent Children: Units of $10,000 Management: Up to $1,000,000 Hourly: Up to $200,000 Spouse: Up to $100,000 Dependent Children: $2k, $5k or $10k option Accidental Death & Dismemberment N/A Hourly: Up to $200,000 Payout depends on diagnosis; Employee pay Optional Plans Accident Insurance: provides benefits if associate or any covered dependents receive a covered treatment related to an off-the-job accident. Critical Illness Insurance: benefits in the form of direct lump-sum payments which can be used to help pay for expenses related to covered critical illnesses and diseases.

DISABILITY BENEFITS - COMPARISONS STD Fully insured Company paid Begins on the 8th day of a disability Max of 12 weeks 60% of pre-disability earnings/max of $2,500 Self-insured Salary: 6 weeks at 100%; 19 weeks at 75%; no max Full-Time Hourly Basic: 25 weeks; 50% of pre-disability earnings/max of $200 per week Full-Time Hourly Enhanced: 25 weeks; 60% of pre-disability earnings/no max (associate contribution) LTD Company Paid Begins after 90 days 60% of pre-disability earnings/max of $10,000 per month Associate Paid Begins after 12 month waiting period Basic: 50% of pre-disability earnings Enhanced: 60% of pre-disability earnings Maternity Leave (birth mothers) 4 months Salaried associates have two cash out options: Take minimum of one month paid leave and return to work full time and receive $5,000 per month Take minimum of one month paid leave and return to work on a reduced schedule of 3 days per week and receive $3,000 per month Full-Time Hourly and Salary: 10 weeks Parental Leave Salaried: 12 weeks paid Full-Time Hourly: 2 weeks paid For birth, adoption, foster care, and after maternity leave for birth mothers

401(K)/STOCK PURCHASE COMPARISONS No company match until moved to the Walmart 401(K) in 2017 6% Company match 100% Vest ASPP N/A 15% match (max $270 per year)

OTHER BENEFITS - COMPARISONS Dependent Care Reimbursement Account Up to $5,000 in Dependent Care FSA; no company contribution N/A Flexible Savings Account Up to $2,550 in FSA; no company contribution Commuter option Commuter Transit Commuter Parking EAP Telephonic support 6 face-to-face sessions per issue, per person, per year Resources For Living Telephonic support 3 face-to-face sessions Discounts UHC Core HealthAllies Value Discount Program Includes: long term care services, wellness, infertility, hearing, complementary/alternative medicine Walmart Associate Discount (10% on general merchandise) - implementation date TBD Other ZP Program Even Tobacco cessation