Page 2 - TriStar Energy-2023-Benefit Guide-V26(WLP)-LRI

Letter from the VP

Hello Tri Star family,

Benefits are more valuable than ever before and are a significant part of your total compensation package.
Unfortunately, employers across the U.S. will see higher medical costs this year; and Tri Star is no exception.
Providing benefits in today’s market presents real challenges. As you know, the cost of health care continues to increase
steadily and sometimes dramatically every year. The reasons for these increases are many, including an aging population,
expensive but effective medical technology and prescription medications, health care reform, and increased utilization of
benefits. These are the challenges we face as we create your benefits offerings each year.

Despite these challenges, Tri Star has absorbed most of these increases over the past several years and all the increase
last year! For 2023, you will notice a change in your medical contributions to keep pace with rising healthcare costs.
We do not take this lightly and understand how this change can impact your monthly budget. To that end, we are
committed to affordable benefits for our team members and will continue to absorb, on average, 80% of the cost,
exceeding benchmark practices for comparable brands in our retail industry.

We all have a role in keeping costs down and need to be smart about how we utilize health care. We can take key steps
to keep costs manageable by getting preventative screenings, visiting in-network providers, and taking an active role
in your overall health and well-being.

As you review the medical plan choices for 2023, consider one of the Consumer Driven Health Plans (CDHP) with
Health Savings Account (HSA) to help you pay for eligible medical expenses and to save for medical expenses in the
future. This plan encourages you to be a smart consumer of your health care and to shop around when appropriate,
especially when having a diagnostic procedure, such as imaging services. We have found that different providers
charge various rates for these services, which can ultimately help manage costs for yourself and Tri Star keeping our
rates lower. Learn more about CDHP with HSA plans on page 8 of your benefit guide.

As you prepare to enroll, reflect on how you currently use your benefits and consider your benefit coverage needs for
the upcoming year. Getting the most value from your benefits depends on how well you understand your plans and
choose to use them. Carefully review the materials provided during open enrollment and learn about the options that
will be the right fit for you and your family.
We value each member of our team and the contributions you make every day to make our business successful.

Stay safe and be well,

Christy Cox, Vice President of Human Resources

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