New Hire Orientation
Transcript: MEDICAL PLAN OPT OUT PROGRAM BLUE CROSS BLUE SHIELD 80/20 PLAN New Benefit Providers - Liberty Mutual: Short & Long Term Disability, FMLA - Prudential: Life Insurance New Coverage Options - Legally married same-sex spousal coverage Medical Benefit Plans Co-pay amounts increase Out-of-pocket max added to co-pay plan & increases for 80/20 plan Prescription Drug Plan - Co-pay amounts increase - Specialty drugs in certain categories added SHORT-TERM DISABILITY History of Bard 2013 VISION PLAN EMPLOYEE CONTRIBUTIONS BLUE CROSS BLUE SHIELD CO-PAY PLAN BLUE CROSS BLUE SHIELD CO-PAY PLAN IN NETWORK PROVIDER Plan pays 100% after co-pay ($25 for General Practitioner and $40 for Specialist) for most services. Hospital Inpatient Co-pay - $250 per admission. Emergency Room Co-pay - $150 per visit. Out-of-pocket Maximum - $3,000 Single/$6,000 Family Per Calendar Year after deductible. EMPLOYEE BENEFITS ORIENTATION New wellness initiative that began April 2012. Designed to help you learn more about your health and take steps to improve it by focusing on awareness, education and behavior change. If you enroll in a Bard medical plan and you participate in the Bard Live Well program in 2013, you will qualify for the 2013 program incentives. As a new hire, you will have access to the program website, www.BardLiveWell.com. The Live Well program is confidential and HIPAA compliant. DEPENDENT CARE FSA 2014 DENTAL PLAN EMPLOYEE CONTRIBUTIONS Summary Plan Descriptions (SPDs) Benefit plan overviews Provider contacts Benefits forms http://bardinfocenter.com Changes in 2014 VISION SERVICE PLAN (VSP) Participant may set aside between $120 and $5,000 annually for reimbursement of expenses incurred for the care of eligible dependents while participant and spouse, if applicable, are working. Maximum contribution for married individuals filing separately is $2,500. Funds can be used for child care and/or elder care related services. Eligible expenses include fees for licensed nursery schools and day care centers for preschoolers, summer day camps for children under age 13, etc. Reduces taxable income. Important to estimate annual contribution amount carefully. May elect to purchase additional Life Insurance equal to 1x, 2x, 3x, 4x, or 5x base salary (rounded to nearest $1,000) up to a maximum of $700,000. Evidence of Insurability (EOI) is required for amounts equal to 4x or 5x base salary or amounts in excess of $500,000. Rates are based on age, base salary, and level of coverage. EMPLOYEE SUPPLEMENTAL LIFE INSURANCE CHILD(REN) SUPPLEMENTAL LIFE INSURANCE BASIC LIFE INSURANCE MEDICAL PLANS Leadership Team HEALTH CARE BENEFIT PLANS FSA GRACE PERIOD LIFE & ACCIDENT INSURANCE Bard InfoCenter BPV Intranet Red Carpet In-network: $10 Co-pay for Eye Exam (covered every calendar year) $10 Co-pay for Lenses (covered every calendar year) Frames (covered every other calendar year) up to $145 or Contacts instead of glasses every 12 months ($140 allowance) Broad network of providers. VSP offers discounts for cosmetic extras such as scratch resistant and anti-reflective coatings, progressives, etc. Out-of-network benefits are available. Plan pays 80% of Reasonable and Customary charges after deductible. 2013 Deductible - $400 Single/$800 Family Emergency Room Copayment - $150 per visit Participant can choose any licensed doctor, specialist, or hospital. Out-of-pocket cost for medical care for providers who participate in the Blue Cross Blue Shield network is generally less than the cost for care received from a non-participating provider. Out-of-Pocket Maximum = $2,000 Single/$4,000 Family per calendar year after deductible. After Out-of-Pocket Maximum and deductible are satisfied, plan pays 100% of R&C charges. *Employees who work at least 20 hours but less than 30 hours per week pay the full Company cost of Employee Plus One and Family coverage. Provided by Bard at no cost to the employee. Payable if the employee is unable to work due to illness or injury. Provides disability income for up to 6 months BPV History Timeline You must be an active employee without Bard medical coverage for the full 6-month period immediately prior to and on each payment date. Cash incentive is paid as follows: - $200 paid in July - $200 paid in January Payments subject to tax withholding. Employee must be active on the date of distribution. IN NETWORK PROVIDER Plan pays 100% after co-pay ($20 for General Practitioner and $35 for Specialist) for most services. Hospital Inpatient Co-pay - $200 per admission. Emergency Room Co-pay - $150 per visit. Three-tier Prescription Drug Plan: Generic / Preferred Brand / Non-preferred Brand Large network of participating retail pharmacies. Mail Order available thru Express Scripts By Mail for maintenance medications (90-day supply vs. 30-day supply from a pharmacy). Employee has to be enrolled in a Bard medical plan in order to have prescription drug coverage through Express Scripts. The coverage level is the same as the employee’s
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