2008 Annual Enrollment

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2. Motivation. Diagram of 2008-2009 benefitsWhat\'s new and/or changing July 1What you have to doEnrollment dates and My Benefits AccessBenefits enrollmentQuestions?. 2008-2009 Benefits. 4. Outline of 2008-2009 Health Benefits. MedicalDentalVisionFlexible Spending AccountsBasic Life InsuranceOptional Life InsuranceBasic Accidental Death and DismembermentOptional Accidental Death and Dismemberment.

Presentation Transcript

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2008 Annual Enrollment Training Presentation April 2008

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Agenda Overview of 2008-2009 advantages What's new and additionally changing July 1 What you have to do Enrollment dates and My Benefits Access Benefits enlistment Questions?

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2008-2009 Benefits

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Medical Dental Vision Flexible Spending Accounts Basic Life Insurance Optional Life Insurance Basic Accidental Death and Dismemberment Optional Accidental Death and Dismemberment Short-term Disability (if offered by your area) Long-term Disability Employee Assistance Program Voluntary Insurance (through the Northrop Grumman Federal Credit Union) Overview of 2008-2009 Health Benefits

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What's Changing July 1 Medical New transporter for Premium and Preferred PPOs Flexible Spending Accounts  lessened yearly point of confinement of $2,500 for exceedingly repaid workers Cost increments for Premium PPO and Cigna EPP

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Anthem Blue Cross Provider system is the same as the Blue Cross Blue Shield organize New restorative ID cards issued before July 1, 2008 Access to Anthem's care administration program, 360 Degree Health

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Flexible Spending Accounts If you procure $100,000 or more in 2008, your yearly commitment breaking point to the Dependent Care FSA will be diminished to $2,500

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Employee costs Changes to how representative commitments are computed Significant cost increments for Premium PPO and Cigna EPP choices

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Lumenos HRA Plan (in-system)

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Lumenos HRA Plan Year Amounts Health Reimbursement Account (HRA) Preventive Care 100% Bridge Traditional Health Coverage Coinsurance Maximum Mental Health/Substance Abuse and physician recommended sedate advantages are secured under the arrangement.

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 Comparing the Medical Plan Options

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 Comparing the Medical Plan Options

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Example: Sharon Average client of medicinal services benefits Family scope Potential social insurance administrations/needs (with expected real cost of administration): Three routine preventive care visits ($125 every) Two authority visits ($175 every) 20 exercise based recuperation visits for treating sports-related damage ($100 per visit) Two nonexclusive upkeep remedies filled month to month ($20 each every month) One favored brand solution ($60)

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Example: Sharon's Costs * This case accept in-system benefits as it were.

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 Example: Sharon's Costs (cont.)

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 Example: Sharon's Costs (cont.)

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What You Need To Do

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What You Need To Do Review Current advantages scope and 2008-2009 alternatives with qualified relatives How you utilize your advantages, and what your necessities will be in the coming advantage arrange year Whether you could spare cash by picking an alternate (yet at the same time fitting) choice

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What You Need To Do (cont.) Enroll Use the instruments and assets at My Benefits Access to assess your choices Make changes to current medical advantages scope amid your enlistment period If You Don't Enroll Continue current scope for medicinal, dental, vision, life, handicap, and AD&D (as pertinent) at new arrangement year costs Current scope in taking after arrangements will proceed unless you roll out an improvement: Health Care as well as Dependent Care FSAs (unless you are affected by the diminished Dependent Care FSA restrain)

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Benefits Enrollment

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Two Enrollment Periods

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How to Enroll > Online Go to Benefits OnLine at http://benefits.northropgrumman.com and tap on the "Enlist With Your Sector" catch Select your part to audit general advantages and enlistment data Log into My Benefits Access First-time guests should set up a client ID and watchword Make your races and print an affirmation explanation

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How to Enroll > By Phone No Web Access? Call the Northrop Grumman Benefits Center (NGBC) at 1-800-894-4194 to enlist If hearing hindered, should utilize a transfer benefit through TTY/TDD supplier Available Monday through Friday, 9:00 a.m. to 6:00 p.m. Eastern time

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Questions?

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