1. THE PRINCIPIA OPEN ENROLLMENT
2019

2. We’re here to turn this:

3. Into this!

4. What we’ll cover: Introducing our new benefits broker, Keith McNeil
Your benefit options for 2019
Your pearly whites
Fresh carrots or…
Peace of mind for your family
Keeping free of concerns about paying bills
Any more ways I can lower my taxes?
Next Steps:
Enrolling can be completed quickly using the
Online Annual Enrollment process

6. Will my benefits automatically continue if I don’t log into the ADP portal during Open Enrollment?

8. What is included? What is available to me?
Low cost Health Insurance
Vacation, Health and Personal Leave
Social Security
Worker’s Comp Insurance
Unemployment Insurance
Tuition Discount
Retirement savings—generous match! Up to 7.5% of your pay period earnings
Life insurance and Income Protection plans—Principia pays half the monthly premium
Dental & Vision – premiums are paid before taxes are calculated

9. An Investment in me?
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

10. Benefit Highlights 2019
Dental Insurance – The Standard Insurance Company
Rates increasing 12.6% for 2019 and guaranteed through 12/31/2020 (Mutual of Omaha would have increased rates over 25% with no rate guarantee)
Low and High PPO options
Nationwide Dental Network
No need to pick a primary dentist
Vision Insurance -- EyeMed
Rates unchanged for 2019
Insight Network

11. Benefit Highlights 2019
Basic Life Insurance and Income Security – The Standard Insurance Company
Life Insurance –two times annual salary
$2,000 coverage for non-employee spouse
$2,000 for each child from birth to age 26
Group Short-term Disability Plan - pays 60% of gross salary up to $7,500 for up to 180 days. Premium slightly reduced for 2019.
Group Long-term Disability Plan - 60% of gross salary from 91 days to Social Security normal retirement age (“SSNRA”). Premium slightly reduced for 2019.

12. Benefit Highlights 2019
Optional Term Life Insurance – The Standard Insurance Company
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 or 50% of the employee coverage
Children
Optional Life coverage $5,000 per child up to age 25 with employee coverage

13. Benefit Highlights 2019 Employee Spouse
Voluntary Term Life Insurance with The Standard Insurance Company
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.

14. Income Security Plan 2019
Short-term Income Protection = The Standard Insurance Company; 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 = The Standard Insurance Company; provides 60% of salary from 91 days to social security normal retirement age (“SSNRA”)

15. FLEX Accounts
Flex Spending: Renewal or participation is not automatic! If desired, this must be elected annually.
For the 2019 plan year, the Dependent Care maximum contribution is $5,000 and the Health Care maximum contribution is $2,650.

16. FLEX Accounts 2018 medical elections by March 15, 2019
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
2018 medical elections by March 15, 2019
Submit
2018 Dependent Care Claims by March 15, 2019
2018 Medical Expense Claims by May 15, 2019
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

17. Benefit Highlights 2019
Dental Insurance – The Standard Insurance Company
Rates increasing 12.6% for 2019 and guaranteed through 12/31/2020 (Mutual of Omaha would have increased rates over 25% with no rate guarantee)
Low and High PPO options
Nationwide Dental Network
No need to pick a primary dentist
Vision Insurance -- EyeMed
Rates unchanged for 2019
Insight Network

19. Vision Plan Insight Network www.EyeMed.com EyeMed In-Network
EyeMed
Insight Network
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
BiFocal
TriFocal
Lenticular
$0 Copay
$30 reimbursement after $10 Copay
$50 reimbursement after $10 Copay
$70 reimbursement after $10 Copay
Frames
Once every 24 months
$0 Copay; $150 Allowance; 20% discount off balance
$105 Reimbursement
Contacts
Evaluation and Fitting
Discounted Fee of $50
Not Covered
Conventional Lenses
$0 Copay; $150 Allowance; 15% discount off balance
$150 reimbursement after $10 Copay
Disposable Lenses
Medically Necessary Lenses
$210 reimbursement after $10 Copay
Dependent Age Limit
To age 26
Please see EyeMed’s Benefit Summary for all details of the plan
Rates Effective 1/1/2017:
Employee:
Employee + 1:
Employee + Child(ren)
Employee + Family
Monthly 2019 Rates
$7.16
$13.60
$14.30
$21.04

20. Anthem Medical Plans

21. 2019 Medical Payroll Deductions
Employee Only
Employee + 1
Family
Annual Out of Pocket
Individual
Annual EE Contribution
EE + 1
Base Plan
Monthly
$ 54.40
$646.08
$1,026.90
$3,425
$6,850
Includes Rx Copays $
$ 7,752.99
$12,322.75
PPO Buy-up Plan
Includes HRA $ $
$1,346.28
(Before HRA payment)
$3,000
$6,000
$ 2,189.23
$10,850.36
$16,155.42

22. 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

23. 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.

24. ADP Portal OPENS: Friday, November 2
CLOSES: Sunday, November 20 at 10:59 pm

25. Medical link – www.Anthem.com Dental link – www.standard.com/dental
Carrier Resources
Medical link –
Dental link –
Vision link –
Logon and Register to obtain:
Benefit Information
Claim Information and Status
ID card Copies
Provider Locations

26. Tax Forms to File For Your 2018 tax return: Form 1095
ACA reporting – maintain with your personal tax documents
When will it be received?
Sent to you by January 31, 2019

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