2015 Benefit Open Enrollment. Benefit Overview Medical Anthem continues as our carrier for 7/1/15 No plan design changes or contribution increases Dental.

2015 Benefit Open Enrollment

Benefit Overview

Medical• Anthem continues as our carrier for 7/1/15• No plan design changes or contribution increases

Dental• Delta Dental continues as our carrier for 7/1/15• No plan design changes or contribution increases

Vision• Anthem continues as our vision carrier effective 7/1/15• No plan design changes or contribution increases

Medical

• Still two medical plan options from which to choose:o Traditional PPO – No plan design changeso High Deductible Health Plan – No plan

design changes

• Find a network provider at www.anthem.com - choose Blue Access PPO

HSA Eligibility

An HSA can be established by an individual who:

• Is covered under a high deductible health plan (HDHP)

• Is not covered by any other health plan that is not an HDHP

• Is not enrolled for benefits under any part of Medicare

• Is not claimed as a dependent on another person’s tax return

HSA Features

• Tax Advantages Tax free way to save for current and future

medical expenses. Contributions are pre-tax or tax-deductible up to

annual HSA limits. All earnings and interest are tax free. Qualified withdrawals are tax free. Once reach

age 65, non-medical withdrawals are taxed at your current tax rate, like an IRA.

• HSA is fully Portable.Ability to Accumulate funds – “Use it or Keep it!”.

• HSA funds can be used for items not covered by health plan such as; dental, vision etc. Same as an FSA plan.

HSA Contributions Options

The HSA can be funded

• In one or more payments

• Payroll deduction will be available for all DePauw University employees

Elections can be stopped, started, changed on a monthly basis

• Contributions can be made by the employee, employer, or any other person on the employee’s behalf.

• Prior to the individual’s federal tax filing date (generally April 15)

HSA Contribution Maximums

IRS Maximum 2015 contributions

• Self - $3,350

• Family - $6,550

• Catch up contribution - $1,000 for those 55 and older

Note: Maximums include contributions made by DePauw

HSA University Contributions

DePauw University’s Annual HSA Contribution

Employee $1,000Employee + Dependent(s) $2,000

Note: Employee’s will receive one-fourth of the

University’s contribution each quarter.

HSA Distributions

Pre-65 HSA owner:• Qualified Distributions will be tax free. Non-

Qualified Distributions will require individual to pay their personal tax rate on purchase and a 20% penalty.

Post-65 HSA owner:• Qualified Distributions will be tax free. Non-

Qualified Distributions will require individual to pay their personal tax rate on purchase (No IRS Penalty)

ALEX Decision Support Tool

ALEX is a new decision support tool that will assist you in the following ways:

• Compare your anticipated out-of-pocket costs in each medical plan based on your answers to a few simple questions.

• Show your required contribution for each medical plan.

• Provide education about each medical plan design as well as how each plan works with HSA and FSA accounts.

• Make a recommendation about which plan would be most appropriate for you and any dependents you might be covering based on the information you provide.

Note: This tool can be accessed through the e-Share presentation or via a link located on the DePauw intranet page:

www.depauw.edu/offices/human-resources

Remember:

• All benefit-eligible employees may login to the ADP system to change current benefit elections or beneficiary assignments between May 1 and May 15, 2015.

• If you do not make any changes, your current benefit elections will be applied to July 1, 2015 on your behalf.

• If you intend to continue your current election or enroll for the first time in an FSA plan, you MUST login into the ADP enrollment system and make your election.

• Enrollment will be completed in the ADP portal at

https://portal.adp.com.

Employee Action

OPEN ENROLLMENT INTRODUCTION

Open Enrollment

Faculty, staff and dependents covered under the health plan will have access to a remodeled on-site Wellness Center beginning late summer 2015.• Includes enhanced medical/wellness

services.FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP:

Employees will have the opportunity to meet with registered dietitians and certified wellness coaches to create their own personalized nutrition and activity plan.

Open Enrollment

Wellness Center offerings (all at no out-of-pocket cost):• Primary care services• Chronic disease management • On-site pharmacy services• Lab draws

FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP:

Eight to 10 DePauw students will have the opportunity to experience internships. These opportunities will include supporting health-related community events and much more.

Open Enrollment

On-site pharmacy services will include medications for chronic condition management (examples: diabetes, asthma and high blood pressure). • Formulary prescriptions will not have a co-pay.

FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP:

Employees will have access to a robust, interactive wellness portal to help meet their health goals. Medikeeper can even integrate with a FitBit or other tracking device.

Open Enrollment

Online scheduling provides convenience as well as easy access to healthcare services.• Schedule from your computer or mobile

device anytime, anywhere.

FUN FACT ABOUT THE DEPAUW HEALTH PARTNERSHIP:

The partnership includes specialized support for DePauw athletes and School of Music students.