Post on 11-May-2018
Mercury Insurance Benefits Summary
2017 Road to Workplace Wellbeing…
Bringing It All Together:
Health – Physical / Mental
Financial – Near Term / Long Term
3
Protecting Income
Controlling Expenses
Minimizing Taxes
Financial Planning
Growing Assets
Protecting Assets
Increasing Net Worth
Preparing for current and future financial needs:
Enhancing Cash Flow
4
Discussion Today
Understanding All Benefits Available
What are the right benefits for me?
Which ones do I need?
Which ones do I want?
Where do I start?
Discussion Today
5
Rank in Order of Importance for You
__ Company Wellbeing Program
__ Basic Life Insurance
__ Basic AD & D Insurance
__ Disability Insurance
__ Employee Assistance Program
__ Health Advocate
Mercury-Paid Benefit
__ Medical
__ Dental
__ Vision
__ 401(K) Plan
__ Health Savings Account
Mercury Shared Cost
__ Pre-Paid Legal
__ Critical Illness
__ Accident Insurance
__ Hospital Indemnity
__ Supplemental Life Insurance
__ Supplemental AD&D
__ Health Care Flex Spending
Account
__ Dependent Care Flex Spending
Account
__ Pet Insurance (discount)
__ College America – 529 College
Savings Program (NEW!)
Employee Paid
6
Life Insurance
401k
Health Savings
What Are Your Biggest Risks Today? Tomorrow?
An arrangement or agreement that protects someone from incurring future losses, as from damage, theft, illness, or death, especially a contract that transfers the risk of a specified loss to another party in exchange for the payment of a premium.
Insurance Definition:
Medical
Dental
Vision
Health Savings
Life Insurance
Short Term Risks Intermediate Term Risks Long Term Risks
8
Aim higher with Blue Shield
• Large networks mean you’ll find doctors you like close to home or work
• Collaboration with doctors and hospitals to deliver “accountable care”--you benefit from combined knowledge and expertise
• As a mission-driven nonprofit we’re reforming the system with an eye on quality and affordability
High performance
• Care programs to improve and maintain your health no matter what your health status
• Customized care programs for members with complex or advanced conditions based on needs and preferences – not “factory medicine”
• With TRIO HMO, you get Shield Concierge— an enhanced 360-degree high touch customer support team, all at one phone number
High touch
• Web site / mobile app provide suite of 24/7 resources to simply, conveniently manage your family’s health care
• Teladoc health video/phone visits that bring care to you
• Proven digital wellness programs that let you connect with family and friends
High technology
• Discounted gym memberships and wellness services to encourage healthier lifestyles and make your health care dollars go further
• Access to retail health clinics and pharmacy services offer more choices/less expensive service options
• Online treatment cost estimator, NurseHelp 24/7 and LifeReferrals 24/7 and AllClear ID theft protection
High value
9
Find a doctor close to home or work
Our HMO network Our PPO network BlueCard® network
44,000+ physicians
325 hospitals
Trio HMO available in 24 counties in
California and
growing
75,000+ doctors
4,500 chiropractors
5,000 physical therapists
380 hospitals
Access to urgent
and emergency care
worldwide
10
PPO $aver and Super $aver Plans
A good choice if you’d like…
Lower monthly premiums and access to our largest provider network.
• Ability to put aside tax-free money for qualified medical expenses
• HSA funds roll over and are portable; must be used for qualified medical expenses
• Integrated program with Blue Shield and Health Equity
Access to our largest provider network and the flexibility to choose any doctor or specialist.
• Visit any physician or hospital in the PPO network, or go outside the network for a higher share of cost
• NurseHelp 24/7 and LifeReferrals 24/7 telephone support
• Teladoc 24/7 phone/video doctor visits for low copay
• Access to retail health clinics (CVS Minute Clinics)
• Digitally enabled wellness programs and member support, including treatment cost estimator
• Covered urgent and emergency care while traveling
PPO
Savings
Plan
PPO
Savings
Plan
11
Medical – PPO $aver Plan Highlights
*This is just a summary of some examples of covered services and their corresponding copay and coinsurance amounts. Please see your Evidence of Coverage for information about coverage, limitations, and exclusions for all benefits, including those not listed in this summary.
Benefits and Covered Services Preferred providers Non-preferred providers
Annual Deductible $1,500 Individual / $2,700 Individual in Family / $3,000 Family
Calendar Year Out-of-Pocket Maximum
$4,500 Individual / $,4500 Individual in Family / $6,850 Family
You pay
Office visits 20% 40%
Inpatient hospital 20% 40% (up to $600 per day)
Outpatient services 20% 40% (up to $350 per day)
Ambulance services 20% 20%
Emergency services 20% 20%
Retail Pharmacy $10/$30/$50 25% + each tier copayment
Mail Order Pharmacy $20/$60/$100 Not covered
Specialty Drugs 30% up to $200 (maximum
increases to $400 for mail order) 25% of purchase price +
30% up to $200
12
Medical – PPO Super $aver Plan Highlights
*This is just a summary of some examples of covered services and their corresponding copay and coinsurance amounts. Please see your Evidence of Coverage for information about coverage, limitations, and exclusions for all benefits, including those not listed in this summary.
Benefits and Covered Services Preferred providers Non-preferred providers
Annual Deductible $3,000 Individual / $3,000 Individual in Family / $6,000 Family
Calendar Year Out-of-Pocket Maximum
$5,000 Individual $5,000 Individual in Family
$10,000 Family
$10,000 Individual $10,000 Individual in Family
$20,000 Family
You pay
Office visits 30% 50%
Inpatient hospital 30% 50% (up to $600 per day)
Outpatient services 30% 50% (up to $350 per day)
Ambulance services 30% 30%
Emergency services 30% 30%
Retail Pharmacy $10/$30/$50 25% + each tier copayment
Mail Order Pharmacy $20/$60/$100 Not covered
Specialty Drugs (retail only) 30% up to $200 (maximum
increases to $400 for mail order) 25% of purchase price +
30% up to $200
13
Health Savings Account (HSA)
Set aside pre-tax funds to pay for qualified
medical expenses • Contribute with pre-tax dollars
• HSA balances roll over from year to year, and are portable—you
take it with you if you leave your job or retire
• Combine an HSA with our Shield Savings Plus plans
Simplify HSA management by setting up an account with HealthEquity to manage health plan and financial accounts in an integrated member portal
• Simplified account set-up • One location to manage member account(s), contributions &
payments • Online reporting and tracking • Live 24/7 member support
14
Two parts: Health plan + savings account
• HSA-qualified plan through insurance
• Preventative services covered at 100%
• Office visit, Rx, deductible, copays and coinsurance ALL count towards out-of-pocket maximum
• HSA through HealthEquity
• Tax-free savings for medical expenses
• Works in conjunction with the HSA-powered plan
Health plan Health savings account
15
Why choose an HSA?
Easy win in today’s complex health care system
* Source: Fidelity http://www.fidelity.com/inside-fidelity/employer-services/fidelity-analysis-reveals-extra-health-care
Save now: • Lower monthly insurance premiums
• HSA deposits aren’t taxed (except for CA & NJ state tax)
• Typically lowers income tax liability
Save for the future:
• The average retired couple will need $245,000 to cover medical expenses not covered by Medicare in retirement*
• HSA funds roll over from year to year
• You keep the money even if you change jobs or insurance plans
• Tax-free interest earned
• Comprehensive and easy investment options
Same doctors, same network, same pricing
16
Maximize your savings
*Based on 30% tax rate. Actual results may vary.
Don’t leave money on the table for the IRS
Maximize your HSA contributions in 2018:
• Single-coverage: $3,450 Save up to $1,035 in taxes!*
• Family-coverage: $6,900 Save up to $2,070 in taxes!*
• Catch-up contribution, age 55+ $1,000
17
Voluntary Options to Supplement Medical Coverage
Provides a financial gap for the high deductible medical plans
Offers affordable protection that pays a lump sum cash benefit with no copays or deductibles
Provides a valuable financial safety net for you and your family
Proceeds can be used for expenses such as childcare, travel to and from the doctor or loss of spousal income
“Accidental Injury, the saving account you can afford to buy!”
Accidental Injury Insurance
18
Voluntary Options to Supplement Medical Coverage
ACCIDENTAL INJURY INSURANCE Family Coverage Example of Select Benefits
Plan 1 Plan 2 Plan 3
Cost for Family Coverage
Bi-Weekly $12.25 $22.70 $32.72
Annual $294.00 $544.80 $785.28
Benefit
Hospital Admission $500 $1,000 $1,500
Hospital Stay $100/day $200/day $300/day
Emergency Care Treatment $100 $200 $300
Hip or Thigh Fracture** $1,000 $2,000 $3,000
Upper Arm or Leg Fracture** $500 $1,000 $1,500
**Benefit doubles if surgery is required
19
Voluntary Options to Supplement Medical Coverage
Provides a benefit if you are diagnosed with a covered illness
Provides a tremendous opportunity to help off-set expenses of a critical illness event
Greatly assist with out-of-pocket cost such as your medical deductible
Allows you options for treatments, no restrictions on how you use the money
Covered conditions include Invasive Cancer, Heart Attack and Stroke
Critical Illness Insurance
20
Voluntary Options to Supplement Medical Coverage
CRITICAL ILLNESS INSURANCE Example of Bi-Weekly Employee Cost
COST AND COVERAGE EXAMPLE
Employee + Family Coverage Amount
$5,000 $10,000 $15,000 $20,000
Employee Age Bi-Weekly Employee Cost
30-34 $3.55 $5.02 $6.50 $7.97
40-44 $5.67 $9.27 $12.87 $16.47
50-54 $10.77 $19.47 $28.17 $36.87
21
Voluntary Options to Supplement Medical Coverage
• Pays a fixed benefit for hospital stays resulting from a covered injury or illness
• Payments are made directly to the covered person
Hospital Care Insurance
The average inpatient hospital stay in the United States:
Costs $2,271 per day
and lasts 6 days
22
Voluntary Options to Supplement Medical Coverage
HOSPITAL CARE INSURANCE
Plan 1 Plan 2
Bi-Weekly Employee Cost
Employee Only $4.20 $6.62
Employee & Spouse $8.36 $13.22
Employee & Child(ren) $8.10 $12.54
Employee & Family $13.20 $20.54
Benefits
Hospital Admission $500 $1,000
Hospital Chronic Condition Admission $50/day $50/day
Hospital Stay $100/day $100/day
Hospital ICU Stay $200/day $200/day
Hospital Observation Stay $100 $100
23
Access + HMO Plan - Introducing TRIO ACO HMO
*This is just a summary of some examples of covered services and their corresponding copay and coinsurance amounts. Please see your Evidence of Coverage for information about coverage, limitations, and exclusions for all benefits, including those not listed in this summary.
Benefits and Covered Services Custom Trio HMO Per Admit 250 Custom HMO Per Admit 250
Annual Deductible None None
Calendar Year Out-of-Pocket Maximum
$1,500 per Individual $4,500 per Family
$1,500 per Individual $4,500 per Family
You pay
Preventive Care No charge No charge
Office visits (primary care) $25 copay per visit $25 copay per visit
Inpatient hospital $250 copay per admission $250 copay per admission
Outpatient surgery
$25 copay per surgery (ambulatory surgery center)
$150 copay per surgery (outpatient hospital)
$25 copay per surgery (ambulatory surgery center)
$150 copay per surgery (outpatient hospital)
Ambulance services No charge No charge
Emergency services $150 copay per visit (waived if
admitted) $150 copay per visit (waived if
admitted)
Retail Pharmacy $10/$40/ Not covered $10/$40/ Not covered
Mail Order Pharmacy $20/$80/ Not covered $20/$80/ Not covered
Specialty Drugs (retail only) 20% up to $100 (maximum
increases to $200 for mail order) 20% up to $100 (maximum
increases to $200 for mail order
24
Trio HMO or Access+ HMO® ?
A good choice if you’d like…
Trio HMO
A select, integrated provider network that provides you with more coordinated care. You get all the benefits of our standard HMO plus these high-value extras:
• Shield Concierge for 360◦ high-touch member support through one dedicated support team
• Includes Fitbit activity tracker
• 42 Trio ACO providers throughout CA and expanding.
• Less premium for our members, but the same benefits as Access + HMO.
Access+
HMO
A broader HMO network that offers more choice of doctors.
• Choose your own doctor, self-refer to specialists in the same med group as your primary care doctor
• NurseHelp 24/7 and LifeReferrals 24/71 telephone support
• Teladoc 24/7 phone/video doctor visits for low copay
• Digitally enabled wellness programs
• Covered urgent and emergency care while traveling
1LifeReferrals 24/7 available to groups with 101+ employees.
25
Coordinated care, affordability and personalized support
• Choose your own doctor, specialists and pharmacies
• Self-refer to specialists (within the same med group as your primary care doctor)
• Access to Teladoc doctors for phone or video appointments, 24/7/365 with $5 copay
• 360◦ service from Shield Concierge dedicated support team to help you make care decisions and navigate the health care system
• Engaging, digitally enabled wellness programs and free Fitbit activity tracker
• Urgent and emergency care coverage anywhere in the world
• Currently over 60% of Mercury members are already accessing TRIO HMO providers
Trio HMO or Access+ HMO® ?
26
Getting the Most from Your Healthcare Dollars
Save on Health Care Treatment Cost Estimator tool to compare costs (PPO)
Annual covered screenings (no charge)
Retail clinics through CVS and Target (for non-emergencies; convenient and affordable)
Stand-alone ambulatory surgical centers (save compared to a hospital)
Urgent care vs. ER
Wellness discount programs
Save on Prescription Drugs Generic drugs
Mail order (2x copay for 3 months)
Resources 24/7 NurseHelp (no charge)
Teladoc to speak or video chat with a board certified physician ($5 copayment)
Tele-behavioral Health (blend video and in-person visits)
24/7 Life Referrals (legal, financial and counseling services; some services at no charge)
“How can I get the most out of my healthcare dollars?”
27
Kaiser HMO
Your Kaiser Plan Benefits
Out-of-pocket Maximum: $1,500 Individual/$3,000 Family
Plan Deductible: None
Covered service You pay
Routine physical exams No charge
Primary care office visits $20 copay per visit
Specialty care office visits $35 copay per visit
Lab tests No charge
Outpatient surgery $150 per procedure
Hospitalization $250 per admission
Urgent care visits $20 copay per visit
Emergency Department visits $125 copay per visit
Generic prescription drugs $10 for up to a 30-day supply $20 for up to a 100-day supply
Brand-name prescription drugs $30 for up to a 30-day supply $60 for up to a 100-day supply
Most Specialty prescription drugs $30 for up to a 30-day supply
*This is just a summary of some examples of covered services and their corresponding copay and coinsurance amounts. Please see your Evidence of Coverage for information about coverage, limitations, and exclusions for all benefits, including those not listed in this summary.
28
Get to Know Kaiser
Convenient care management On kp.org or with the Kaiser Permanente app, you can stay on top of your care 24/7 with these convenient features:*
Schedule and cancel routine appointments.
View most lab results as soon as they’re available.
Refill most prescriptions and have them shipped to you at no charge.
Email your doctor’s office with nonurgent questions.
Print vaccination records for school, sports, or camp.
Manage a family member’s health.
30
Dental Plan Highlights – Delta Dental DPO
Benefits and Covered Services
In-Network DPO Dentist
Out-of-Network DPO Dentist*
Annual Deductible $40 per person $120 per family
$50 per person $150 per family
Annual Maximum $1,500
Orthodontic Lifetime Maximum
$1,500 $1,000
You pay
Diagnostic & Preventive No charge 20%
Basic Services Root canals, periodontics (gum treatment), oral surgery
20% 20%
Oral Surgery 20% 20%
Major Services Crowns, inlays, onlays, prosthodontics and cast restoration
50% 50%
Orthodontics 50% 50%
* Reimbursement is based on PPO contracted fees for PPO dentists, Premier contracted fees for Premier dentists and the program allowance for non-Delta Dental dentists.
31
Dental Plan Highlights – Delta Care DMO
Benefits and Covered Services Copayments
Calendar Year Deductible None
Annual Maximum None
Orthodontia Lifetime Maximum None
You pay
Preventive • Cleanings every six months • Exams • Bitewing X-rays
No copay
Basic Services • Resin-based composite filling (tooth colored) • Periodontal scaling and root planning • Root Canal
• Anterior – no copay: posterior – optional • $10 copay per quadrant • Copay is $40 to $120
Major Services • Crown
• Copay is $45 to $75/procedure (+$100 lab fee for
precious metal
Orthodontia Services • Children to age 19 • Adults
• Copay is $1,600 plus pre and post treatment costs • Copay is $1,800 plus pre and post treatment costs
33
Vision Plan Highlights – Base Plan
Choice Plan Base Plan
Service Frequencies Exam every calendar year
Lenses every calendar year Frame every other calendar year
Copays $20 Exam Copay
$20 Materials Copay
VSP Provider
Examination Covered after copay
Lenses:
Single Vision Covered after copay
Bifocal Covered after copay
Trifocal Covered after copay
Lenticular Covered after copay
Anti-Reflective Coating Discounted
Frames $150.00
$200 Featured Frame Brand $80 at Costco
Elective Contact Lenses* $150.00
Necessary Contact Lenses* Covered after copay
Computer Vision Care (Employees Only)
$20 Copay $90 Frame Allowance
$140 Featured Frame Brand
Suncare** No
*Contact lenses are in lieu of spectacle lenses and frame **Suncare allows members to use their frame and lens benefit for non-Rx sunglasses from their VSP Provider's frame board
Check out these enhanced vision benefits for 2018!
34
Vision Plan Highlights – Premier Plan (New!)
Choice Plan Premier (Buy-Up Plan)
Service Frequencies Exam every calendar year
Lenses every calendar year Frame every other calendar year
Copays $20 Exam Copay
$20 Materials Copay
VSP Provider Examination Covered after copay
Lenses:
Single Vision Covered after copay
Bifocal Covered after copay
Trifocal Covered after copay
Lenticular Covered after copay
Anti-Reflective Coating Covered after $30 copay
Frames $200.00
$250 Featured Frame Brand $110 at Costco
Elective Contact Lenses* $200.00
Necessary Contact Lenses* Covered after copay
Computer Vision Care (Employees Only)
$20 Copay $90 Frame Allowance
$140 Featured Frame Brand
Suncare** Yes
*Contact lenses are in lieu of spectacle lenses and frame **Suncare allows members to use their frame and lens benefit for non-Rx sunglasses from their VSP Provider's frame board
This plan has richer benefits, including higher allowances and Suncare!
35
Health Care Flexible Spending Account
Contributions are pre-tax
Allows participant to reduce taxable income and redirect it to pay for expenses that are not covered through other benefit plans (copays, deductibles, etc.)
2018 maximum contribution is $2,650 per year; there is no minimum
Debit card will be issued that can be used at any eligible provider location that accepts Visa
HCFSA Benefits
36
Health Care Flexible Spending Account
Must “use it or lose it” by 12/31/2018; there is no grace period into 2019
Cannot change election amount mid-year unless you experience a qualifying life event
Employees enrolled in the Blue Shield PPO $aver Plan or the Blue Shield PPO Super $aver Plan are not eligible to participate in the Health Care Flexible Spending Account Program
Available (dental, vision, etc.) for employees who are not enrolled in a Mercury PPO Plan
HCFSA Benefits (continued)
37
My Health at Mercury
Refreshed Program November 2017 – October 2018
Wellbeing Assessment Tobacco-Free Attestation Preventive Care Visit
Total Wellbeing Program!
Individualized Action Plan and Coaching
Creative Challenges to earn points all year long
Incentives: Employees up to $500
Spouses up to $200
HSA Contribution or Supplemental Income in January 2019
38
My Health at Mercury
L.A. office, 3 times per week, 2 times per day
Stretching & Proper Breathing Session at 9:30am
...and at 3:15 pm
39
My Health at Mercury
Participate!
My Health at Mercury supports and rewards you for taking care of yourself and loved ones!
Be Creative !!! Help your Well-Being Ambassador
to create Challenges and Local Activities
Have Fun!!!
41
401(k) – Should I Save For Retirement (Career 2.0)?
Is Saving A Good Idea?
No Keep Working (You’ll need the money)
Yes
Do you like to pay taxes?
Yes
Put Money in Taxable Account (and move to California!)
No
Contribute to 401(k): pre-tax in / taxable out
Are you a disciplined saver?
Yes No
Contribute to 401(k): it is automatic payroll deduction
Do you like free money?
No Yes Contribute to 401(k):
Mercury matches a portion of the first 6%
WHAT? (Please seek
counseling immediately)
Contribute to Roth 401(k): taxable in / tax free out
42
Mercury Insurance Profit Sharing Plan 401(k)
New Participants Automatically Enrolled at 6% (4% prior)
Previously Auto-enrolled and less than 6% will be bumped to 6%
Can elect your own contribution amount:
Go to www.netbenefits .com or Call Fidelity (800-835-5095)
What’s New January 1
• 6% gets you the full match (remember free money?)
• 6% + 3.5% match gets 9.5% into the plan
• It is suggested a 10% - 15% contribution is necessary for income replacement at retirement
• Fund / Share Class Changes
Why?
44
Cigna Basic Life and AD&D Insurance
One times your annual salary rounded to the next highest $1,000 up to $100,000
Accelerated Death Benefits available if you have a life expectancy of less than 12 months and are less than age 60
Highlights
45
Supplemental Life Insurance
Cigna Life Insurance
• You may choose to purchase additional life insurance coverage for yourself through Cigna on a post-tax basis.
• This coverage would be in addition to the basic life benefit provided by Mercury.
• You can also purchase supplemental life coverage for your dependents.
Eligible Member Coverage Amount
Employee $10,000 increments, to a maximum of $1.5 million
Spouse $10,000 increments, to a maximum of $50,000 or 100% of the employee’s Supplemental Life Insurance amount
Child(ren) $2,500 increments, to a maximum of $10,000
46
Supplemental AD&D Insurance
Cigna AD&D Insurance
• You may choose to purchase additional AD&D insurance coverage for yourself through Cigna on a post-tax basis.
• This coverage would be in addition to the basic AD&D benefit provided by Mercury.
• You can also purchase supplemental AD&D coverage for your dependents.
Eligible Member Coverage Amount
Employee $10,000 increments, to a maximum of $1.5 million (not to exceed 6 times your annual salary)
Spouse $10,000 increments, to a maximum of $50,000
Child(ren) $2,500 increments, to a maximum of $10,000
47
Cigna Long-Term Disability
Cigna Long Term Disability paid 100% by Mercury
Elimination Period 180 Days
Minimum Benefit $100/month or 10% of gross benefit (whichever is greater)
Benefit Period All employees – 2 years own occupation; any occupation thereafter
to age 65
Psychiatric or Substance Abuse Limits 24 months
Survivor Benefit – to Spouse/Estate 3 month lump sum benefit
Maximum % Covered Salary 66 2/3%
Maximum Benefit $15,000 per month
49
Pre-Paid Legal Plan
Access to a national network of over 10,000 professional attorneys
Most common uses of the program are:
Wills and living trusts
Family matters
Consumer protection
Traffic citations
Personal legal document review
$8.25 per paycheck
Hyatt Legal Plans
50
Dependent Care Spending Account (Day Care)
Allows participant to reduce taxable income and redirect it to pay for dependent care expenses
Can contribute up to $5,000 per household
Must “use it or lose it” by 12/31/2018; there is no grace period into 2019
Cannot change election amount mid-year unless you qualify for a family status change
Dependent Care Spending Account
51
Pet Insurance
Discount on health care coverage for dogs, cats, birds and other exotic pets
Coverage for certain:
Surgeries
Hospitalization
X-Rays
Prescription Meds
5% discount for coverage on first pet, up to 15% discount for multiple pets
Veterinary Pet Insurance (VPI)
53
Find qualified doctors, specialists
and hospitals
Provide estimates for services and
expedite appointments
Answer questions about tests,
treatments, and medications
Assist with claim issues; negotiate
billing and payment arrangements
Obtain appropriate approvals for
needed services
Secure second opinions with
qualified healthcare providers
Assist with transfer of medical records
and results
Locate eldercare services
• Confidential, unlimited access to a Personal Health Advocate who can help you or your eligible family members resolve health care and insurance-related issues
• Health Advocate is a service provided by Mercury at no cost to you!
What is Health Advocate?
When to use Health Advocate?
Introducing Health Advocate
54
Health Advocate, continued
How to use services?
• Go to healthadvocate.com/mercury
• Email answers@ HealthAdvocate.com
• Call 866-695-8622 (Mon-Fri, 5 a.m. – 9 p.m. PT)
Who's eligible?
• All Benefits Eligible Employees
• Spouses
• Dependent children
• Parents & parents-in-law
What information is needed to access Health Advocate?
• Employee first and last name
• Employee Number
• Name of employer
55
Employee Assistance Plan – ACI Specialty Benefits
Confidential Counseling – 3 Face to Face Visits
Stress Management – Home/Work
Relationship Issues
Grief and Loss
Work/Life
Unlimited Legal & Financial Consultation
Unlimited Child/Elder/Pet Care Referrals
Personal Services
Company paid benefit
Counselors available 24/7
Benefits Available for ALL Family Members
Call 800.932.0034 or http://mercury.acieap.com
Why Use EAP?
57
Cash Flow Personal Loans Refinancing,
Home Equity Loans Financial Aid / Scholarships
Student loans Taxable Investments
Paying for College: What Are the Options?
Tax-Advantaged Investments
Such as a 529 College Savings Plan
529
529 College Savings Program NEW!!
58
Why 529 Plans?
• Income tax
• Estate tax
• Gift tax
TAX BENEFITS
• Anyone can contribute
• Can be used for qualified expenses at virtually any accredited post-secondary school (1)
• Choice of many different plans
FLEXIBILITY
1. Qualified expenses include tuition, fees, room and board, books, and supplies. 2. Nonqualified withdrawals are subject to ordinary income tax and a 10% penalty.
• You retain control
• You can change the beneficiary
• You can withdraw money or liquidate the account (2)
CONTROL
Call Morgan Stanley at (866) 885-8016
59
Wrapping It UP…. Resources and Contacts
“X” out those that do not apply Evaluate & Rank based on YOUR needs Stay Within Your Budget
Rank 2018 Benefit Estimated
Bi-Weekly
Cost
Estimated
Annual
Cost
n Company Wellbeing Program
n Basic Life Insurance
n Basic AD & D Insurance
n Long Term Disability
n Employee Assistance Program
n Health Advocate
Medical
Dental
Vision
401(K) Plan
Health Savings Account
Pre-Paid Legal
Critical Illness
Accident Insurance
Hospital Indemnity
Supplemental Life Insurance (employee, spouse, child)
Supplemental AD&D (employee, spouse)
Health Care Flex Spending Account
Dependent Day Care Flex Spending Account
Pet Insurance (discount)
College America – 529 College Savings Program (NEW!)
Totals
n
Notes:
Paid for by Employee
Shared with Mercury
Paid for by Mercury