Page 2 - Guide
P. 2
Dear Valued Employees,
As you know, every year we have an Open Enrollment period for employees to select their beneits for
the coming year. This year, that time period will be from October 12 through October 31. That being
said, I must also let you know we’ve been faced with higher claims affecting our premiums resulting in
increased rates.
For several years we’ve been fortunate to hold the employee contributions relatively lat while the
company absorbed the increased costs. Unfortunately for this coming year, even with the company
contributing at least 70 percent of the costs we have had to make some signiicant adjustments. It just
isn’t possible to maintain our current employee rates as well as our plan design. The simple fact is we’ve
had more folks in need of more services (medical and pharmacy) under our plan. I also want to be
clear: taking care of our individual health and being a more conscious consumer of healthcare are two
of the most important things we can do as individuals.
The following will be changes to the 2015/2016 plan design.
X Employees will now be responsible for funding the irst $500 of the deductible for employee
coverage and the irst $1,000 of the deductible for family coverage (i.e., employee/spouse,
employee/children, family). The company will then continue to fund the next $1,000/$2,500
(employee coverage/family coverage) toward the deductible through the Health Reimbursement
Account (HRA).
X Out-of-pocket maximums have increased by $1,000/$1,500 respectively; however, prescription
copays will now count toward your out-of-pocket maximum.
X Generic prescription copays will now cost $10 per prescription. Other tiers will remain the same.
X Our mail order prescription program now provides a discount such that a 90-day supply is only 2.5
times the cost of a 30-day supply.
Based on these changes, you should consider utilizing the Flexible Spending Account (FSA), which will
enable you to set aside monies with pre-tax dollars to help offset these expenses.
We understand these changes are signiicant from prior years, and please know a lot of thought went
into them. You will ind the new premium contribution schedules on page 9 of this enrollment guide.
2
2015 Open Enrollment
As you know, every year we have an Open Enrollment period for employees to select their beneits for
the coming year. This year, that time period will be from October 12 through October 31. That being
said, I must also let you know we’ve been faced with higher claims affecting our premiums resulting in
increased rates.
For several years we’ve been fortunate to hold the employee contributions relatively lat while the
company absorbed the increased costs. Unfortunately for this coming year, even with the company
contributing at least 70 percent of the costs we have had to make some signiicant adjustments. It just
isn’t possible to maintain our current employee rates as well as our plan design. The simple fact is we’ve
had more folks in need of more services (medical and pharmacy) under our plan. I also want to be
clear: taking care of our individual health and being a more conscious consumer of healthcare are two
of the most important things we can do as individuals.
The following will be changes to the 2015/2016 plan design.
X Employees will now be responsible for funding the irst $500 of the deductible for employee
coverage and the irst $1,000 of the deductible for family coverage (i.e., employee/spouse,
employee/children, family). The company will then continue to fund the next $1,000/$2,500
(employee coverage/family coverage) toward the deductible through the Health Reimbursement
Account (HRA).
X Out-of-pocket maximums have increased by $1,000/$1,500 respectively; however, prescription
copays will now count toward your out-of-pocket maximum.
X Generic prescription copays will now cost $10 per prescription. Other tiers will remain the same.
X Our mail order prescription program now provides a discount such that a 90-day supply is only 2.5
times the cost of a 30-day supply.
Based on these changes, you should consider utilizing the Flexible Spending Account (FSA), which will
enable you to set aside monies with pre-tax dollars to help offset these expenses.
We understand these changes are signiicant from prior years, and please know a lot of thought went
into them. You will ind the new premium contribution schedules on page 9 of this enrollment guide.
2
2015 Open Enrollment
