2019 Annual Enrollmentyour2019benefits.com/Tenneco_hourly_Annual...What to Do REVIEW & UNDERSTAND 2019 Annual Enrollment Guide mailed home ENROLL for benefits October 17 – November

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2019 Annual Enrollment

Non-Union Hourly Team Member Meeting

October 2018

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Welcome to 2019 Annual Enrollment

We will cover…What you need to know

Actions to take• Health care benefits• Other benefit choices

Next steps

ENROLL FOR2019 BENEFITS

October 17 – November 2

www.mytennecobenefits.comOR

1-877-436-3409M-F, 7 am – 7 pm CT

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Enrollment is required in order to have benefits coverage for 2019

Welcome to 2019 Annual Enrollment. Tenneco’s benefits provide a solid foundation for you and your family. Over the next few minutes, we’ll take a look at what to know and do this fall. Remember to enroll by November 2nd. That’s important because enrolling is required in order to have coverage in 2019. There is no default and your current coverage will not continue. You must enroll.

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Comprehensive Benefits for Health, Well-being and Financial Security

At Tenneco, we provide robust programs and resources to support your health, well-being and financial peace of mind. Be sure to take advantage of this important part of your total compensation package.

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What to Know for 2019

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Let’s take a look at what’s new for 2019.

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What’s New in 2019

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Salary-Based Medical Contribution Rates Determined by employee’s base salary as of October 1, 2018

HSA Medical Plan – 1 Option for 2019• New deductible (between 2018 levels)• Same coinsurance, same BCBSIL network of doctors and hospitals

Health Savings Account (HSA) Use tax-free money to pay for eligible health care expenses

Vision Plan – Additional OptionNew Deluxe option with more coverage

Enhanced Company Retirement Contribution (CRC)Employees eligible for 2% will receive an age-based CRC of 2.5% - 4% of eligible pay

AUTOMATICno enrollment

required

Enrollment is required for benefits coverage in 2019

The most important thing to know this year is that you MUST take action and actively enroll during the Annual Enrollment period. If you don’t enroll, you will not have medical, vision or flexible spending account coverage for 2019.

There are 5 key things to know. We’ll dive into these a bit more in a moment, but here are the highlights.

• First, in 2019, we will begin using pay-based medical contributions. The rate you pay will be determined by your base salary as of October 1, 2018.

• Second, the Company is offering only one medical plan option for 2019: The HSA Medical Plan. It has a deductible that falls in-between the two 2018 choices. Otherwise, it has the same coinsurance levels and same network of doctors and hospitals as in 2018.

• Third, the Health Savings Account – or HSA, for short – lets you use tax-free money to pay for health care expenses, which, in effect, can reduce your cost for care.

• Fourth, the Vision Plan will have an additional option.

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• And, fifth, Tenneco is enhancing the Company Retirement Contributions with a new age-based CRC. Employees currently eligible for 2% will receive a CRC contribution of 2.5% to 4%. Many employees are not aware of this benefit. Although it’s part of the Retirement Savings Plan, Tenneco makes the CRC contribution regardless of whether or not you’re making 401(k) savings. And you get to invest the account that’s building up.

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What to Do

REVIEW & UNDERSTAND 2019 Annual Enrollment Guidemailed home

ENROLL for benefitsOctober 17 – November 2

www.mytennecobenefits.comOR

Call (877)-436-3409M-F 7AM – 7PM CT

Questions? Tenneco Benefits Center

(877)-436-34096

Remember to enroll,or you will not have

coverage

There are only a few key things you need to do. • First, review the 2019 Annual Enrollment guide mailed to your home. • Take the time to understand your benefit options.• Then enroll for your benefits at MyTennecoBenefits.com between October 17 and

November 2. • You can also enroll via phone by calling the Tenneco Benefits Center during the week.• And, you can call the Tenneco Benefits Center if you have any questions about

enrollment or if you’re having trouble logging in.

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Medical + HSA

Vision Spending Accounts

You must actively enroll in these programs to have coverage for 2019

You Must Enroll to Have Coverage for…

• If you don’t enroll during Annual Enrollment, you will not have coverage. • It’s not like previous years where your choices rolled forward.• This year, you must enroll if you want medical coverage, a health savings account, vision

coverage, or flexible spending accounts.

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For Your Health & Well-being

Let’s take a deeper dive into the benefits that support your health and well-being, with a particular focus on what’s new in 2019.

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2019 Employee Costs: Medical

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HOURLY (WEEKLY)

TOBACCO SURCHARGE$50 per month per person surcharge for tobacco use by employee and/or spouse/domestic partner

• $11.54 or $23.08 per pay period

KICK THE HABITUse BCBSIL Tobacco Cessation

Let’s start by looking at your contributions for medical coverage. • Keep in mind that this is just the portion you pay for coverage. Tenneco still subsidizes

most of the premium cost.• Your Medical Plan contributions will now be based on pay level. As you can see, higher-

paid levels will pay a higher amount for coverage. • And there is a tobacco surcharge of $50 per month each if you and/or your spouse or

domestic partner use tobacco, which can equate to as much as $11.54 or $23.08 per pay period.

• Remember, you can kick the habit with the tobacco cessation program available through the Medical Plan.

Feel free to pause here if you want to dive into the numbers. These costs also appear in the enrollment guide.

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2019 Employee Costs: Dental

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HOURLY (WEEKLY)

Here you can see employees’ share of 2019 costs for Dental Plan coverage, which Tenneco also subsidizes. Again, these costs also appear in the enrollment guide.

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2019 Employee Costs: Vision

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HOURLY (WEEKLY)

And these are the 2019 employee rates for Vision coverage. Tenneco does not subsidize the cost of vision coverage.

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2019 Employee Costs: Voluntary Plans

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2019 Employee-Paid Voluntary Plans

No changes to employee costs

In 2019, there are no changes to employee costs for the employee-paid Voluntary Plans.

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New HSA Medical Plan

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Medical Coverage

Prescription Drugs

Health Savings Account

• The only option for coverage: one plan

• Preventive: 100% (routine care) no deductible• Deductible: $1500 EE/$3000 Family in between 2018• Most in-network care: Tenneco pays 80% - same BCBSIL network• Out-of-pocket maximum: Tenneco pays 100% for rest of year

• HCA credits: Applied toward 2018 claims filed by 6/30/19, then forfeited

• Preventive and maintenance drugs: 100% no deductible• Combined with annual medical plan deductible

• Tax-free money to pay for eligible health care expenses

• Employee contributes pre-tax

• Tenneco one-time 2019 contribution

• For employees as of 12/31/2018

• Rolls forward…even if you leave…even into retirement

Now let’s go back and look at the benefits.

Here’s what’s new in Medical:• The HSA Medical plan is your one option for medical coverage this year.

• It covers preventive care at 100%.• The deductible is in between the current Options 1 and 2.• After you’ve met your deductible, Tenneco pays 80% of most care when you use

the network of doctors and hospitals, which is the same network we currently have.

• After you hit your out-of-pocket maximum, Tenneco pays 100% of your covered costs for the rest of the year.

• Any leftover HCA credits from 2018 can be applied to your 2018 claims, as long as you file them by the end of June.

• Preventive care drugs will be covered at 100%, which is true now.• But now medical coverage and prescription drugs will be combined into the same

deductible.

• One of the best parts of the new medical plan is the “HSA” part. HSA stands for Health Savings Account, and it’s a way to use tax-free money you put into your HSA account to

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pay for health care expenses. That means, in effect, that those expenses cost you less. • To help you get started, Tenneco will add a one-time contribution to your account in

January. • And the great thing is that you can build up your account over time. There’s no need to

guess what you’ll spend and use it all up by the end of the year, like with the Health Care Flexible Spending Account we currently have. The money is yours forever…even into retirement. You just keep building it up and rolling it forward.

• And you can invest your account once you have $1,000 in it, and any investment earnings grow tax-free.

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Doctor on Demand

Receive a virtual consult with a doctor for simple health problems

• Diagnose

• Provide treatment and advice

• Prescribe medications

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$40 per session

Visit www.doctorondemand.com

24/7 access to board-certified doctors

Non-emergency

For HSA Medical Plan participants

Tenneco will continue to offer Doctor on Demand, which provides 24/7 access to board-certified doctors via smartphone, tablet or computer. For simple non-emergency medical issues like a cold, an ear infection or allergies, a doctor will provide a diagnosis, treatment advice, and prescriptions.

The cost is $40 per session.

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Health Savings Account

Use tax-free money to pay for eligible health expenses (medical, dental and vision) – for HSA Medical Plan participants

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The money goes in tax-free throughpre-tax payroll

deductions

Use tax-free money from your account to pay for health care

expenses

TAX-FREE TAX-FREE TAX-FREE

CONTRIBUTIONS HSA MONEY

It’s Always Your MoneyThere are no “use it or lose it” rules

When you invest the money in your HSA, the interest earned is

tax-free

GROWTH

It’s worth learning about the Health Savings Account. • You save on taxes when you put money into your HSA• You save when you use your tax-free money to pay for health care expenses• And when you have money left over that you invest, you save because any earnings

grow tax-free.

And, remember, the money in your HSA is always yours to keep, even if you leave Tenneco or retire.

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HSA Contributions

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Tenneco HSA Contribution for 2019:

• Tenneco’s contribution made by January 7, 2019

• For medical plan participants who are active on December 31, 2018 and elect the HSA Medical plan election in 2019

The IRS does place limits on how much can be contributed to a person’s HSA each year, whether the money comes from you or Tenneco. To help you plan your contribution, your enrollment guide provides this chart and more information.

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Example: HSA Savings (Family coverage)

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Tax-free money for eligible health care expenses

With the HSA Without the HSAAnnual Gross Income $40,000 $40,000Annual HSA Contributions $1,500 $0Annual Gross Income after HSA Contributions $38,500 $40,000

Federal (12%) and FICA taxes (7.65%) $7,565 $23,270

Tax Reduction $295 $0

Health Savings Account

Tenneco’s One-time HSA Contribution $1,000 $0Your HSA contribution $1,500 $0

Health Savings Account $2,500 $0

Here’s an example of how the HSA can reduce your taxes and help you build tax-free money for health care expenses. Let’s say your taxable income is $40,000, you choose family medical coverage and you’re in the 12% tax bracket. Contributing $1,500 to your Health Savings Account would lower your taxes by $295.

And, because this year Tenneco puts $1,000 into your HSA, you would wind up with $2,500 in tax-free money to use toward medical expenses – whether you use it this year or in future years, even into retirement.

Unlike the FSA, you can keep rolling your full account forward, and take it with you if you leave the company or retire. And it stays tax-free as long as you use it for eligible medical expenses.

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HSA and FSAs

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HSAHealth Savings

Account

HC FSAHealth Care

FSA

LP FSALimited Purpose

FSA

Yes

DC FSADependent Care

FSA

Participate in HSA Medical Plan?

No Yes Yes

• Individual: $3500

•Family: $7,000

•Catch-up 55+: $1,000

Total annual contributions

$2,650 $2,650 $5,000 single or married filing jointly

$2,500 married filing separately

Why have one?

•To reduce HC costs using pre-tax money

•Use it now and later

•Keep and build it up toward retirement

•To reduce HC costs using pre-tax money

•Not in HSA Medical Plan

•Also in HSA Medical Plan

•Want to build up HSA so use LP FSA for dental and vision

•To reduce dependent day care costs by using pre-tax money

YesChange contribution during the year?

No No No

There are several different accounts where you can park your pre-tax savings. All the terms can start sounding similar and get confusing. Your enrollment guide has a helpful chart so you can sort them out.

It’s useful to note that the IRS says you cannot have a Health Care Flexible Spending Account if you have a Health Savings Account. But they do allow an account called a Limited Purpose Flexible Spending Account to cover things like dental and vision expenses, so you can build up your HSA for longer-term needs.

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Unused 2018 Health Care FSA

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Up to $500 of any remaining 2018 HC FSA balance will transfer for use in 2019

If enrolled in HSA Medical Plan in 2019

If not enrolled in HSA Medical Plan in 2019

HC FSAHealth Care

FSA

LP FSALimited Purpose

FSA

If you do have money left over in a Health Care Flexible Spending Account from 2018, can roll up to $500 of it into one of two types of FSAs, depending on whether or not you enroll for Tenneco coverage in 2019.

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Dependent Care FSA (DC FSA)

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Set aside up to $5,000 pre-tax for eligible day care

expenses that allow:

• You and/or your spouse/domestic partner to work, or

• Your spouse/domestic partner to attend school full-time

Who is an eligible dependent?

• Children under age 13

• Handicapped children of any age

• Your spouse/domestic partner or dependent relative who is incapable of self-care

Save Using Tax-free Money

Day Care Expenses Unused Funds

What happens to my unused funds at end of

the year?

• Unused funds at year-end are forfeited

• You have until March 31, 2019 to submit claims for your 2018 expenses

Must elect to participate during Annual Enrollment

• Essentially, a Dependent Care FSA lets you use up to $5,000 in pre-tax money to pay for dependent day care expenses.

• You can use it for day care for your children or certain family members, such as for elder care if your dependent parent lives with you.

• At the end of the year, you forfeit any unused funds, but you do have until March 31st to submit claims for the previous year.

• If you want to participate in a Dependent Care FSA, you must elect it during annual enrollment.

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Dental

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Plan Feature Plan Benefit

Annual Deductible Individual: $50

Family: $150

Annual Maximum Benefit $1,500 per person

Preventive Careroutine exams and cleanings

100% — no deductible

Basic Servicesfillings, oral surgery and endodontics

80% — after you meet the deductible

Major Restorative Servicesimplants, crowns or dentures

50% — after you meet the deductible

Orthodontics (up to age 26) 50% — after you meet the deductible

$1,500 lifetime maximum

There are no changes to dental benefits. Pause here if you wish to review the coverage.

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VisionChoose between the Base Plan or the Deluxe Plan

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Plan Feature Base Plan Deluxe Plan

Exams • Well vision exam• Contact fitting/evaluation

$10 copayPlan pays up to $60(once per year)

$10 copayPlan pays up to $60 (once per year)

Lenses

• Copay for all lenses

You pay $20 copay

(once per year)

You pay $10 copay(once per year)

Frames

• Retail frame allowance• Featured frame allowance

Plan pays $150Plan pays $170(once every other year)

Plan pays $250Plan pays $270(once per year)

Contacts

• Elective contact allowance• Non-elective contact copay

Plan pays $150You pay $20 copay(once per year)

Plan pays $200You pay $10 copay(once per year)

The new Deluxe Vision option provides more generous coverage than the Base Plan, but, not surprisingly, it also costs more. The Deluxe option covers more of the cost for eyeglass lenses and frames, as well as for contacts.

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Employee Assistance Program (EAP)

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Confidential services at no cost to

you!

Contact the EAP 24/7 at 1-800-315-4649

CounselingUp to 6 sessions for stress management,

relationship, crisis, grief and loss support

Legal referrals forDivorce, landlord and tenant issues, wills, civilsuits and more

Financial referrals forDebt, mortgage issues, estate and retirementplanning, etc.

Work/Life referrals forAdult care, child care, education services, growingfamily services, etc.

The Employee Assistance Program is meant to provide a helping hand in life’s tough moments. EAP services include:

• Counseling for stress management and relationships, and support for grief and loss• Legal referrals for everyday matters• Financial referrals for assistance such as debt management, mortgages, estate planning

and retirement planning• And Work/Life referrals for adult care, child care, education services, growing family

services and more

EAP services are completely confidential and are available to both you and direct family members living in your home. You don’t have to be enrolled in the HSA Medical Plan to use EAP services. Contact our EAP administrator, Beacon Health Options, at any time.

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For Your Financial Security

Now it’s time to cover your other benefit options

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Retirement Savings Plan Company Retirement Contribution (CRC) will be age-based

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A company match when you contribute your own dollars to the 401(k)

Tenneco matches:

• 100% of the first 3% you contribute

• 50% of the next 2% you contribute

• Contributions are vested immediately

An annual Company Retirement Contribution (CRC)whether or not you contribute

• Employee eligible for 2% will receive an age-based CRC of 2.5% - 4% of eligible pay

• Eligible to receive the CRC after 1 year

• Vested in the CRC after 3 years

TENNECO 401(k) MATCH

Your pre-tax savings from 1%-75% of pay

• Change your contribution anytime

• Always 100% vested in your contributions

• After 60 days, you’re auto-enrolled for 3% (effective 2019) but you can stop or change

• Age 50 + additional $6K catch-up contribution

YOUR 401(k) SAVINGS TENNECO CRC

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Invest your account in professionally managed funds through Fidelity. Any investment earnings remain tax-deferred while in your account.

ENHANCED

An important change to know about is the enhancement to the Company Retirement Contribution in the Retirement Savings Plan. The CRC is one of two contributions Tenneco makes on your behalf, and many employees are not aware of it because it starts after you have one year of service, and it happens regardless of whether or not you save in the 401(k) portion.

Starting in 2019, Tenneco will make this CRC contribution based on your age, so employees who have been eligible for a 2% contribution will now receive an age-based contribution of from 2.5% to 4% of eligible pay.

There is no change to eligibility or vesting. Eligibility for CRC contributions starts after one year of qualifying service.

And you become vested in CRC contributions after 3 years of qualifying service.

You invest this money along with the rest of your 401(k) account, and any investment earnings grow tax-deferred until you pull the money out of your account, presumably at retirement.

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Life Insurance and AD&D

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Statement of Good HealthMay be required when you first apply for coverage or an increase

• Basic Life Insurance:1x annual base pay or $25,000 if greater

• AD&D Insurance:1x annual base pay, or $25,000 if greater

Company-Paid

• Supplemental Life Insurance: 1x - 5x annual base pay (max: $2.5M)

• Supplemental AD&D:$100,000 - $500,000

• Dependent Life:Spouse/domestic partner: $5,000 - $50,000

Child: $2,500 to $5,000

Employee-Paid

BASIC LIFEAD&D

Accidental Death & Dismemberment

SUPPLEMENTAL LIFEDEPENDENT LIFESUPPLEMENTAL

AD&DAUTOMATIC OPTIONAL

Tenneco offers a range of life insurance benefits to cover you and your family.

The company provides basic coverage at no cost to you, and you can buy additional coverage.

Annual Enrollment is a chance to change or buy more coverage for Supplemental Life or Dependent Life Insurance, so it’s a good idea to consider if something in your life has changed and you need more coverage. For instance, if you got married or had a child during the year.

Note that, in some situations, you may be required to provide proof of good health to apply for coverage or increase the amount after you already are covered. Proof of good health is sometimes called “evidence of insurability,” or “EOI.”

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Disability

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Income protection, provided by Tenneco at no cost to you.You can buy additional long-term coverage.

BENEFIT DESCRIPTION

Short-Term Disability (STD)

Up to 26 weeks of income protection during your approved medical leave lasting more than 7 days• Replaces 50% of weekly income based on pre-disability

earnings

Long-TermDisability (LTD)

Income protection after 180 days of approved, continuous disability • 40% of your monthly base salary (max benefit: $1,000/month)• Or, you can buy an increased coverage level of 60% of your monthly

base salary (max benefit: $2,000/month)

Disability benefits provide you with Income protection if you have a prolonged, approved medical leave that keeps you from work.

Short-Term disability covers up to 26 weeks of absence after you’ve been disabled for at least 7 continuous days, and it replaces 50% of your base pay.

After that, if you continue to remain disabled, Long-Term Disability kicks in and replaces 40% of your base pay.

If you wish, you can buy additional coverage to replace 60% of your base pay – and annual enrollment is the one time each year when you can do that.

Tenneco covers the full cost of your basic coverage, and you pay for any additional coverage.

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Voluntary BenefitsYour Medical Plan, life insurance and disability benefits provide a comprehensive level of benefits and financial protection. You may wish to purchase additional insurance through MetLife to meet your personal needs.

BENEFIT DESCRIPTION

Accident Insurance Pays a set amount for each covered injury and treatment

Critical Illness Insurance

Provides extra financial protection for critical illnesses like stroke, heart attack or cancer

Hospital Indemnity Insurance

Helps you pay for costs associated with a hospital stay

MetLife Home Insurance

Protects your home and belongings inside from covered causes like lightning, fire, smoke, windstorm, theft and more

MetLife AutoInsurance

Offers auto insurance through payroll deductions

Hyatt Legal Services Offers affordable legal counseling for wills and estate planning, real estate matters, traffic defense, civil lawsuits and more

Your Medical Plan, life insurance and disability benefits provide a comprehensive level of benefits and financial protection. You may wish to purchase additional insurance through MetLife to meet your personal needs. These options are known as “voluntary benefits,” and employees pay the full cost.

Coverage ranges from additional financial protection in the event of an accident, hospitalization or a critical illness…to auto and home insurance…to legal services for everyday matters like wills, estate planning, real estate transactions, traffic defense and more.

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Next Steps

To wrap up, let’s discuss next steps.

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Your Enrollment Checklist

Mark your calendar

Review your Annual Enrollment guide

Contact the Tenneco Benefits Center with questions at 1-877-436-3409

Enroll at www.mytennecobenefits.com

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Forgot Your Password? Click on “Forgot Password” on the Welcome Page

First Time User? Enter your Employee ID and your date of birth (MMDDYY) as your password

Here are 4 things to do on your enrollment checklist.

• First, mark your calendar. • Then, review your annual enrollment guide and make sure you understand your benefit

options. • Contact the Tenneco Benefits Center with any questions. • And finally, enroll during the Annual Enrollment period between October 17 and

November 2.

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ENROLL FOR2019 BENEFITS

October 17 – November 2

1. Go to www.mytennecobenefits.com

2. Enter your employee ID and password

3. Click “Annual Enrollment”

4. Review your personal information

5. Certify tobacco use status

6. Review/add dependents

7. View benefit options and costs, then make

your elections

8. Review/update beneficiaries

9. Click “Save Elections” and click “Accept”

M-F 7AM – 7PM CT

You can enroll in one of two ways: online or by phone.

To enroll online, go to mytennecobenefits.com, enter your employee ID and password, and click on “Annual Enrollment.” Then, follow the prompts through the process. Note, that if you or your spouse or domestic partner use tobacco products, you will pay an additional $50 per month for medical coverage.

Take this opportunity to review your dependents and beneficiaries.

And be sure to “save your elections” and click “accept”

To enroll by phone, call the Tenneco Benefits Center during the week. And don’t miss the November 2 deadline.

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Resources

If you have questions, our vendor partners have useful resources to help answer them. Plus, many have mobile apps you can download.

If you don’t know who to call, the Tenneco Benefits Center stands ready to help.

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Tenneco provides benefits to help team members and their families enjoy full lives. Remember to take advantage of all your Tenneco benefits throughout the year.

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