1. THE PRINCIPIA OPEN ENROLLMENT
2019

2. Just jump?

3. 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?

4. Welcome Keith!

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

7. What is included? What is available to me?
Health Insurance covering Christian Science treatment and Christian Science Nursing care for you and your dependents—you pay $0.00 monthly premium
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

8. 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 (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

9. 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
ID cards will not be mailed to participants
Vision Insurance -- EyeMed
Rates unchanged for 2019
Insight Network

10. Dental 2019

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 through age 25
Group Short-term Disability Plan - pays 60% of gross salary up to $7,500 for up to 180 days. Premium slightly reduced for On day one of absence, the pays 60% of gross salary up to $1,000 for up to 11 weeks.
Group Long-term Disability Plan - 60% of gross salary from 181 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 employee coverage with employee coverage
Children
Optional Life coverage $5,000 per child through age 25 with employee coverage

13. Benefit Highlights 2019 Employee Spouse
Voluntary Term Life Insurance with The Standard Insurance Company
Employee
elect or
increase your amount of coverage by $10,000, not to exceed 5 x your earnings or $130,000 – without 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.

14. Benefit Highlights 2019
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.

15. 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 2018 by March 15, 2019
Submit
2018 Dependent Care Claims must be submitted by March 15, 2019
2018 Health Expense Claims must be submitted by May 15, 2019

16. 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

17. Health Insurance for you and your family
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.

18. 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)

19. 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.

20. Next Steps:
How do I enroll in the elective benefits that I chose for 2019?
in ADP!

21. Next Steps Personalized Annual Enrollment Packet
Welcome letter—ADP registration/password update process
2019 enrollment information
You may update beneficiary information for Life, Voluntary Life if necessary on a paper form at any time.

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

23. Online Enrollment
ADP Portal Opens: Friday, November 2
ADP Portal Closes: Tuesday, November 20 at 10:59 pm

24. Dental link – www.standard.com/dental 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

25. Tax Forms 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

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