2015 Benefit Open Enrollment

Benefit Overview Medical Anthem continues as our carrier for 7/1/15 No plan design changes or contribution increases Dental Delta Dental continues as our carrier for 7/1/15 No plan design changes or contribution increases Vision Anthem continues as our vision carrier effective 7/1/15 No plan design changes or contribution increases

Medical Still two medical plan options from which to choose: o Traditional PPO – No plan design changes o High Deductible Health Plan – No plan design changes Find a network provider at - choose Blue Access PPO

HSA Eligibility An HSA can be established by an individual who: Is covered under a high deductible health plan (HDHP) Is not covered by any other health plan that is not an HDHP Is not enrolled for benefits under any part of Medicare Is not claimed as a dependent on another person’s tax return

HSA Features Tax Advantages  Tax free way to save for current and future medical expenses.  Contributions are pre-tax or tax-deductible up to annual HSA limits.  All earnings and interest are tax free.  Qualified withdrawals are tax free. Once reach age 65, non-medical withdrawals are taxed at your current tax rate, like an IRA. HSA is fully Portable. Ability to Accumulate funds – “Use it or Keep it!”. HSA funds can be used for items not covered by health plan such as; dental, vision etc. Same as an FSA plan.

HSA Contributions Options The HSA can be funded In one or more payments Payroll deduction will be available for all DePauw University employees  Elections can be stopped, started, changed on a monthly basis Contributions can be made by the employee, employer, or any other person on the employee’s behalf. Prior to the individual’s federal tax filing date (generally April 15)

HSA Contribution Maximums IRS Maximum 2015 contributions Self - $3,350 Family - $6,550 Catch up contribution - $1,000 for those 55 and older Note: Maximums include contributions made by DePauw

HSA University Contributions DePauw University’s Annual HSA Contribution Employee$1,000 Employee + Dependent(s)$2,000 Note: Employee’s will receive one-fourth of the University’s contribution each quarter.

HSA Distributions Pre-65 HSA owner: Qualified Distributions will be tax free. Non- Qualified Distributions will require individual to pay their personal tax rate on purchase and a 20% penalty. Post-65 HSA owner: Qualified Distributions will be tax free. Non- Qualified Distributions will require individual to pay their personal tax rate on purchase (No IRS Penalty)

ALEX Decision Support Tool ALEX is a new decision support tool that will assist you in the following ways: Compare your anticipated out-of-pocket costs in each medical plan based on your answers to a few simple questions. Show your required contribution for each medical plan. Provide education about each medical plan design as well as how each plan works with HSA and FSA accounts. Make a recommendation about which plan would be most appropriate for you and any dependents you might be covering based on the information you provide. Note: This tool can be accessed through the e-Share presentation or via a link located on the DePauw intranet page:

Remember: All benefit-eligible employees may login to the ADP system to change current benefit elections or beneficiary assignments between May 1 and May 15, If you do not make any changes, your current benefit elections will be applied to July 1, 2015 on your behalf. If you intend to continue your current election or enroll for the first time in an FSA plan, you MUST login into the ADP enrollment system and make your election. Enrollment will be completed in the ADP portal at Employee Action

OPEN ENROLLMENT INTRODUCTION

Open Enrollment Faculty, staff and dependents covered under the health plan will have access to a remodeled on- site Wellness Center beginning late summer Includes enhanced medical/wellness services. FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP : Employees will have the opportunity to meet with registered dietitians and certified wellness coaches to create their own personalized nutrition and activity plan.

Open Enrollment Wellness Center offerings (all at no out-of-pocket cost): Primary care services Chronic disease management On-site pharmacy services Lab draws FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP : Eight to 10 DePauw students will have the opportunity to experience internships. These opportunities will include supporting health-related community events and much more.

Open Enrollment On-site pharmacy services will include medications for chronic condition management (examples: diabetes, asthma and high blood pressure). Formulary prescriptions will not have a co-pay. FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP: Employees will have access to a robust, interactive wellness portal to help meet their health goals. Medikeeper can even integrate with a FitBit or other tracking device.

Open Enrollment Online scheduling provides convenience as well as easy access to healthcare services. Schedule from your computer or mobile device anytime, anywhere. FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP: The partnership includes specialized support for DePauw athletes and School of Music students.