1. THE PRINCIPIA OPEN ENROLLMENT
2018

2. We’re here to turn this:

3. Into this!

4. Meeting Agenda: Benefits overview: Voluntary Dental & Vision
Health Insurance
Life Insurance
Income Security
FLEX Spending
Next Steps:
Enrolling can be completed quickly using the
Online Annual Enrollment process

5. Benefit Coverage Principia-sponsored employee benefits include:
Voluntary Group Health Plan
Voluntary Group Dental & Vision
Mandatory Group Term Life Insurance
Voluntary Term Life Insurance
Mandatory Income Protection Plans
Retirement Plan
Vacation
Health Leave
Social Security
Worker’s Comp Insurance
Unemployment Insurance

6. Benefit contributions from The Principia
Benefits are a significant part of your total compensation!
Example: Employee earning $11.00 per hour x 2080 = $22,880 per year in 2018
Wages $22,880
Health Insurance $ 7,071 (Base Plan for employee only)
Retirement $ 1,716
Life Insurance $
Short-term Disability $
Long-term Disability $
Social Security $ 1,750
Vacation $ 1,760
Health Leave $
Total Compensation $35,949 or $17.28 per hour
For every $1.00 per hour in wages earned, Principia pays an additional $0.57 per hour in benefits

7. Benefit Information for 2018
Basic Life Insurance and Income Security Plan-- CIGNA
Life Insurance – basic benefit is two times annual salary
No rate change
$2,000 coverage for non-employee spouse
$2,000 for each child from 15 days to age 26
Group Short-term Disability Plan - after elimination period of 14 days plan pays 60% of gross salary up to $1,000 for up to 11 weeks. No rate change.
Group Long-term Disability Plan - 60% of gross salary from 91 days to age 65 or Social Security normal retirement age (“SSNRA”). No rate change.

8. Income Security Plan 2018
Short-term Income Protection = CIGNA; after elimination period of 14 days plan pays 60% of gross salary up to $1,000 for up to 11 weeks
Long-term Income Protection = CIGNA; provides 60% of salary from 91 days to social security normal retirement age (“SSNRA”)

9. Benefit Highlights
Optional Term Life Insurance – CIGNA – No Rate Change
Employees
Optional Life coverage limited to 5 times your annual salary, up to $500,000
Rates based on age
Policy can be converted to individual policy upon termination of employment
Spouse
Optional Life coverage limited to $250,000 with employee coverage
Children
Optional Life coverage $5,000 per child with employee coverage

10. Benefit Highlights (continued)
Optional Life Insurance with CIGNA
Employee – elect for the first time by completing the Evidence of Insurability (“EOI”) form.
Employee – increase your amount of coverage by $10,000, not to exceed 5 x your earnings or $130,000 – without completing the EOI.
Spouse – elect for the first time by completing the EOI.
Spouse – increase this amount of coverage by $5,000, not to exceed 50% of your amount or $40,000 – without being required to complete the EOI.

11. FLEX Accounts
Flex Spending: Renewal or participation is not automatic! If desired, this must be elected annually.
For the 2018 plan year, the Dependent Care maximum contribution is $5,000 and the Health Care maximum contribution is $2,650.

12. FLEX Accounts 2017 medical elections by March 15, 2018
Pay for medical expenses and dependent care expenses with pre-tax dollars
Annual election maximum: $2,650 for Medical Expenses
$5,000 for Dependent Care Expenses
Spend
2017 medical elections by March 15, 2018
Submit
2017 Dependent Care Claims by March 15, 2018
2017 Medical Expense Claims by May 15, 2018
FSAs can be used for expenses such as:
Covered Prescription Co-pays
Doctor and Emergency Room Co-pays
Orthodontics
Health plan Deductibles and Coinsurance
Lasik Surgery
Out-of-pocket Dentist or other provider fees
Eyeglasses
■ Dependent Care ■ Latch Key ■ Adult Day Care

13. Benefit Highlights for 2018 (continued)
Dental Insurance -- Mutual of Omaha
Dental Plan rates unchanged
Low and High PPO options
Nationwide Dental Network
No need to pick a primary dentist
Vision Insurance -- EyeMed
Vision Plan rates unchanged
Insight Network

14. Dental Options

15. Vision Plan EyeMed Insight Network www.EyeMed.com In-Network
Out-of-Network
VISION EXAM
$10 Copay
$40 Reimbursement after $10 Copay
Exam Frequency
Once every 12 Months
VISION MATERIALS
LENSES
Single Vision
$0 Copay
$30 reimbursement after $10 Copay
BiFocal
$50 reimbursement after $10 Copay
TriFocal
$70 reimbursement after $10 Copay
Lenticular
FRAMES
Once every 24 Months
$0 Copay; $150 Allowance; % discount off balance
$105 Reimbursement
CONTACTS
Evaluation and Fitting
Discounted fee of $40
Not Covered
Conventional Lenses
$0 Copay; $150 Allowance; % discount off balance
$150 reimbursement after $10 Copay
Disposable Lenses
$0 Copay; $150 allowance
Medically Necessary Lenses
$0 copay
$210 reimbursement after $10 Copay
Dependent Age Limit
To age 26
Please see EyeMed’s Benefit Summary for all details of the plan.
Rates eff. 1/1/17:
2018 Rates
- Employee:
$7.16
- Emp + Spouse:
$13.60
- Emp + Child(ren):
$14.30
- Family:
$21.04

16. 2 Service Health Plan Options Available
2018 Plans
Lumenos HSA
Base Plan
PPO with HRA
Buy-up Plan
Network
Blue Access Choice
In-Network Deductible
$2,000 Individual
$4,000 Family
$4,000 Individual ($2,000 after HRA)
$8,000 Family ($4,000 after HRA)
In-Network Out-of-Pocket (OOP)
Includes Ded & Rx Copays
$3,500 Individual
$6,850 Family
$5,500 Individual ($3,500 after HRA)
$11,000 Family ($7,000 HRA)
Coinsurance
Single Coverage
with Dependent Coverage
80% after $2,000 Deductible
100% after $3,500 out of pocket
80% after $4,000 Deductible
100% after $6,850 out of pocket
80% after Deductible
100% after out of pocket is met
Individual deductible and OOP only must be met with Dependent Coverage
Max Lifetime Benefit
Unlimited
Preventive Care Services
100% - No Deductible
Office Visit Copay
Deductible & Coinsurance
$30 Primary / $60 Specialist
ER/Urgent Care Copay
Pharmacy
$10 / $35 / $60 /25% Copays After Medical Deductible Met
$10 / $35 / $60 / 25% Copays Rx does not apply to Deductible
Out-of-Pocket includes Deductible and Rx Copays
Out-of-Pocket includes Deductible, OV & Rx Copays
Health Reimbursement Account (HRA)
Not available
50% of the Individual & Family Deductible.

17. 2018 Service Medical Payroll Deductions
Employee Only
Employee + 1
Family
Annual Out of Pocket
Individual
Annual EE Contribution
EE + 1
Lumenos HSA
Base Plan
Monthly
$ 50.38
$598.22
$950.86
$3,500
$6,850
Includes Rx Copays $
$ 7,178.58
$11,410.28
PPO Buy-up Plan
Includes HRA $ $
$1,246.56
(Includes HRA)
$7,000
$ 2,027.06
$10,046.63
$14,958.72

18. Next Steps
Personalized Annual Enrollment Packet -- distributed at the Information Meetings
Health Plan Information
You can update beneficiary information for Life, Voluntary Life at any time on a paper form

19. Enroll at: https://workforcenow.adp.com
Principia Resources
Enroll at:
There are links to Benefits brochures and additional information on each page.
Contact Debbie Thompson or June Brill with any questions.

20. ADP Portal OPENS: Friday, November 10
CLOSES: Sunday, November 26 at 10:59 pm

21. Medical link – www.Anthem.com Dental link – www.MutualofOmaha.com
Carrier Resources
Medical link –
Dental link –
Vision link –
Logon and Register to obtain:
Benefit Information
Claim Information and Status
ID card
Provider Location

22. Tax Forms to File For Your 2017 tax return: Form 1095
ACA reporting – maintain with your personal tax documents
When will it be received?
Sent to you by January 31, 2018

23. QUESTIONS??
Remember: don’t panic! Debbie, June, and David are here to help!