1. THE PRINCIPIA OPEN ENROLLMENT
2018

2. Meeting Agenda: Benefits overview: Voluntary Dental & Vision
Health Insurance
Life Insurance
Income Security
FLEX Spending
Next Steps:
Enrolling for 2018 completed through the
Online Annual Enrollment process

4. Benefit Coverage Principia-sponsored employee benefits include:
Zero Premium Group Health Plan covering Christian Science treatment and Nursing care
Voluntary Group Dental & Vision
Mandatory Group Term Life Insurance
Voluntary Term Life Insurance
Mandatory Income Protection Plans
Retirement Plan
Vacation, Health and Personal Leave
Social Security
Worker’s Comp Insurance
Unemployment Insurance
Tuition Discount

5. Investment by 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 (Service 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 in wages earned, Principia pays an additional $0.57 per hour in benefits

6. Benefit Highlights 2018 Dental Insurance -- Mutual of Omaha
Rates unchanged for 2018
Low and High PPO options
Nationwide Dental Network
No need to pick a primary dentist
Vision Insurance -- EyeMed
Insight Network

7. Benefit Highlights 2018
Basic Life Insurance and Income Security -- CIGNA
Life Insurance –two times annual salary
$2,000 coverage for non-employee spouse
$2,000 for each child from 15 days to age 26
Group Short-term Disability Plan - pays 60% of gross salary up to $7,500 for up to 180 days. No rate change.
Group Long-term Disability Plan - 60% of gross salary from 181 days to age 65 or Social Security normal retirement age (“SSNRA”). No rate change.

8. Benefit Highlights 2018 Optional Term Life Insurance - CIGNA Employees
Optional Life coverage limited to 5 times your annual salary not to exceed $500,000
Rates based on age band
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

9. Benefit Highlights 2018 Employee Spouse
Voluntary Term Life Insurance with CIGNA
Employee
elect for the first time by completing the Evidence of Insurability (“EOI”) form.
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.
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.

10. Benefit Highlights 2018
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.

11. FLEX Spending
Pay for health or dependent care expenses with pre-tax dollars.
Maximum annual election amount: $2,650 for Healthcare
$5,000 for Dependent Care
Spend
your health election for 2017 by March 15, 2018
Submit
2017 Dependent Care Claims must be submitted by March 15, 2018
2017 Health Expense Claims must be submitted 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

12. Dental Options

13. Vision Plan

14. PrinCare Plus You pay zero ($0.00) monthly premium for PrinCare Plus!
The plan provides protection from financial hardship and covers Christian Science treatment and care for benefit-eligible employees and their dependents.
Physical claims are covered for Christian Science treatment by a Christian Science Nurse, Christian Science Practitioner, Christian Science Facility. If listed in the Christian Science Journal, Principia pays 80% of the claim after the annual deductible is met. Costs of care by non-Christian Science Journal listed providers are covered 50%.
Charges by medical providers are also covered.

15. PrinCare Plus Highlights
Maternity claims have a zero deductible
PrinCare Plus does not cover charges for alcohol/drug or mental/nervous services
PrinCare Plus does not cover outpatient prescription drug coverage –for those that are Medicare eligible, you have non-creditable coverage
PrinCare Plus is primary to Medicare
PrinCare Plus is non-Grandfathered – wellness benefits are covered at 100% (no deductible)

16. PrinCare Plus Highlights (continued)
individual annual deductible of $300 for Christian Science Care (no distinction Practitioner vs. care facility)
$3,000 individual annual out-of-pocket maximum for covered in-network charges. There is a family out of pocket maximum of 3x the individual annual maximum for covered charges
$1,000 individual annual deductible for medical care. This is combined with the deductible and maximums.

17. Next Steps
Personalized Annual Enrollment Packet -- delivered to you by Tuesday, November 7
Welcome letter
2018 enrollment information
You may update beneficiary information for Life, Voluntary Life if necessary on a paper form at any time

18. Enroll at: https://workforcenow.adp.com
Principia Resources
Enroll at:
User ID: first initial of first name last
Contact Debbie Thompson or June Brill with any questions.

19. Online Enrollment
ADP Portal Opens: Friday, November 10
ADP Portal Closes: Sunday, November 26 at 10:59 pm

20. Dental link – www.MutualofOmaha.com Vision link – www.EyeMed.com
Carrier Resources
Dental link –
Vision link –
Logon and Register to obtain:
Benefit Information
Claim Information and Status
ID card Copies
Provider Locations

21. Tax Forms 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

22. QUESTIONS??
We’re here to turn this:
Into this!