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BENEFITS BREAKDOWN A Walmart Company.

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Presentation on theme: "BENEFITS BREAKDOWN A Walmart Company."— Presentation transcript:

1 BENEFITS BREAKDOWN A Walmart Company

2 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

3 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

4 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

5 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

6 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

7 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

8 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

9 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.

10 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

11 401(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)

12 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


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