THE PRINCIPIA OPEN ENROLLMENT2018

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

Benefit CoveragePrincipia-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

Investment by The PrincipiaBenefits are a significant part of your total compensation! Example: Employee earning $11.00 per hour x 2080 = $22,880

per year in 2018Wages $22,880Health Insurance $ 7,071 (Service Base Plan for employee

only)Retirement $ 1,716Life Insurance $ 124Short-term Disability $ 158Long-term Disability $ 50Social Security $ 1,750Vacation $ 1,760Health Leave $ 440 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

Benefit Highlights 2018Dental 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• Rates unchanged for 2018

– Insight Network

Benefit Highlights 2018Basic 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.

Benefit Highlights 2018Optional 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

Benefit Highlights 2018• 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.

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.

FLEX SpendingPay 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

Submit2017 Dependent Care Claims must be submitted by March 15, 20182017 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

Dental Options

Vision Plan

PrinCare PlusYou 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.

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)

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.

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

Principia ResourcesEnroll at:

https://workforcenow.adp.comUser ID: first initial of first name last name@ThePrinci

Contact Debbie Thompson or June Brill with any questions.

Online Enrollment

• ADP Portal Opens: Friday, November 10

• ADP Portal Closes: Sunday, November 26 at 10:59 pm

Carrier Resources• www.BAS.com• Dental link –

www.MutualofOmaha.com• Vision link – www.EyeMed.com• www.myFlexonline.com• Logon and Register to obtain:– Benefit Information– Claim Information and Status – ID card Copies– Provider Locations

Tax Forms

For Your 2017 tax return: • Form 1095

– ACA reporting -- maintain with your personal tax documentsWhen will it be received?• Sent to you by January 31, 2018

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