Page 3 - TimkenSteel 2022 Benefit Guide

WHAT'S NEW FOR 2022?

New vendor for 2022 Prescription coverage changes

Effective 1/1/2022, Cigna will become TimkenSteel’s only Effective January 1, 2022, there are two changes to
provider for medical, prescription drug, HSA administration, prescription coverage.
Employee Assistance Program (EAP), and wellness. • The preventive drug list will no longer include the
Therefore, the current vendors (Anthem, AultCare, categories of Hereditary Angioedema Agents,
CVS Caremark, HealthEquity, ComPsych GuidanceResources Immunosuppressive Agents, and Multiple Sclerosis
and Vitality) will remain in place until 12/31/2021 and then Agents. Therefore, these categories will no longer
they will no longer provide benefits to TimkenSteel as automatically bypass the deductible.
of 1/1/2022.
• Medications for erectile dysfunction, fertility, diet, and
As a result of this change, there are some actions you will smoking cessation will change from a 100% copay and
need to take. discount to not covered. This means the costs of these
medications will not apply to your deductible like it
• It is strongly suggested that you confirm that your current does today. A good option to adjust for this change is to
doctors are in-network and that your prescriptions are consider using apps or coupons through programs like
covered under Cigna by visiting their site cigna.com or GoodRx to help cover the costs.
calling the pre-enrollment line 888-806-5042.
• If you currently have an HSA account with HealthEquity ConsumerChoice Plan ending in 2022
and want it transferred to Cigna, you must elect this in
the annual enrollment process by October 30, 2021. As announced last year, the ConsumerChoice Plan will
• Ensure you complete your wellness credit through Vitality not be available after 2021. If you are currently enrolled
by November 30, 2021. in the ConsumerChoice Plan, and you do not enroll in
the Health+Savings (H+S) Plan during Annual Enrollment,
For any questions regarding this transition, please call you will default into the H+S Plan for 2022. If you are
the Cigna pre-enrollment line at 888-806-5042. currently on the ConsumerChoice Plan and do not want
to be defaulted into the H+S Plan, you must use the
Medical plan premium increase enrollment site to waive coverage for 2022. Any unused
HRA funds will be forfeited if not used by 12/31/2021.
The monthly premiums for the Health+Savings Plan
will increase for 2022. Please reference the benefit Your 2021 benefits will continue with the exception
costs page that provides further detail regarding these of your Flexible Spending Account (FSA) and Health
premium changes. Savings Account (HSA) contributions—you must re-elect
these contributions during annual enrollment.

This notice serves as a Summary of Material Modification and is a supplement to the summary plan description
for the Plan. This Summary of Material Modification supersedes any information provided in the summary plan
description that is inconsistent with this notice. Please keep this notice with your summary plan description.
The operation of this Plan is governed by the official Plan document, which may be amended from time to time.
If there is a discrepancy between this notice, the summary plan description and the Plan document, the Plan
document will govern the features of the Plan.

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