Teradyne, Inc. · NASDAQ:TER
Teradyne — Investor Presentation (October 2023)
23 slides from Teradyne's investor presentation, October 2023
Slide 1: 2024 Enrollment Presentation
2024 Enrollment Presentation
Slide 2: It's Time to Enroll for 2024 Benefits
It’s Time to Enroll for 2024 Benefits Annual Enrollment: October 24 – November 8, 2023 Teradyne offers a variety of benefits for our diverse workforce. • Annual enrollment is your once-a-year opportunity to make new benefit elections for the coming year. • Now is a good time to take a fresh look at
Slide 3: What's New for 2024
What’s New for 2024 2 TERADYNE
Slide 4: What's New for 2024: Enhanced Member Advocacy through Carenet
What’s New for 2024 New! Enhanced Member Advocacy Support through Carenet MyAdvocate, Personal Health Assistant, will act as an extension of our Human Resources staff and will be available as a resource to escalate and assist in resolving your benefit issues. Their service is designed to make your l
Slide 5: What's New for 2024: Medical Plan Rate Changes
What’s New for 2024 Medical Plan Rate Changes • Over the past few years, we’ve seen increases to overall medical and pharmacy costs. Employees and Teradyne share the cost of medical coverage, with Teradyne paying the majority of the cost to cover you and your dependents. When costs go up, both emplo
Slide 6: Resources for Maximizing Value
$ Resources for Maximizing Value 5
Slide 7: Teradyne Resources to Maximize Your Benefits Value
Teradyne Resources to Maximize Your Benefits Value $ Value to You Don’t overspend on coverage; use the Teradyne Healthcare Choice of plans Calculator to find the plan that fits you best Preventative care—including annual check-ups, well child care, A strong provider network with immunizations and re
Slide 8: Choice of Plans
Choice of Plans $ Teradyne Healthcare Calculator: Powered by Fidelity Try it for yourself! Visit www.teradyne.com/benefits • Select your coverage level • Estimate your expected medical expenses – model various scenarios • Get a plan recommendation based on the data you input • See the projected valu
Slide 9: Free Preventive Care
Free Preventive Care $ Covered 100% when you see an in-network provider! Tests Cancer screenings Counseling blood pressure, diabetes, including mammograms quit smoking, eat healthy, cholesterol and colonoscopies treat depression Vaccinations Kids Healthy pregnancy COVID-19, flu, well-baby & well-chi
Slide 10: A Strong Provider Network
A Strong Provider Network $ Know where to go for the most appropriate care Telemedicine Doctor’s Office Urgent Care Emergency Room Use it for A common, non- A condition that doesn’t A condition that needs A life-threatening or emergency medical issue need immediate attention immediate care but is no
Slide 11: Opt for Generic Prescription Drugs
Opt for Generic Prescription Drugs Comparing In-network Costs by Tier Health Investment Blue Care Elect Advantage Blue Kaiser (CA only) Kaiser HSA (CA Plan with HSA Preferred (PPO) (EPO) only) Retail After deductible* After deductible 30-day supply Tier 1: $10 Tier 1: $10 Tier 1: $10 Generic: $10 Ge
Slide 12: Medical + Supplemental Medical Coverage
Medical + Supplemental Medical Coverage $ An example of the power of combined coverage Consider Emma: Family history of cancer, individual coverage* Emma has a family history of breast cancer. Although she 32, healthy and her screenings have been clear, she wants to be sure she’s financially ready i
Slide 13: Tax-advantaged Accounts
Tax-advantaged Accounts $ Pay eligible expenses tax-free with an HSA or FSA FOR HEALTH CARE EXPENSES WHO IS ELIGIBLE? WHO CONTRIBUTES? Health Savings Account (HSA) Employees enrolled in: Teradyne: $800 individual/$1,600 Health Investment Plan with dependent coverage HSA Unlimited Employees: ba
Slide 14: Wellness Resources and More
Wellness Resources and More $ For those enrolled in a BCBS plan Qualified Fitness Program Qualified Weight Loss Program Receive up to $150 annually for membership or fitness Receive up to $150 annually for participation in a class fees: qualified program: • At a full service health club with cardiov
Slide 15: Wellness Resources and More: Included Health
Wellness Resources and More $ Get the best care possible with Included Health Included Health (formerly Grand Rounds) is here to help and is offered to Teradyne employees enrolled in a BCBS-MA or Kaiser medical plan and their immediate and extended family at no cost. Included Health provides expert
Slide 16: Wellness Resources and More: TELUS Health EAP
Wellness Resources and More $ TELUS Health (formerly LifeWorks) Employee Assistance Program (EAP) A confidential, professional support service to help you and your dependents solve a wide range of challenges The EAP can help you: TELUS Health benefits are available to • Strengthen relationships and
Slide 17: Get Ready to Enroll
Get Ready to Enroll 16 TERADYNE
Slide 18: Your Benefit Options At-a-glance
Your Benefit Options At-a-glance Annual Enrollment: October 24 – November 8, 2023 Medical Disability Coverage You’ll continue to have access to the following • Short-Term Disability plans with prescription drug coverage through ‒ Basic: fully paid by Teradyne Express Scripts for the BCBS medical pla
Slide 19: Need Help Figuring it All Out?
Need Help Figuring it All Out? We have resources to make it easier. • Teradyne Open Enrollment Website: www.teradyne.com/benefits • Plan Comparisons and Summary Plan Descriptions: www.teradyne.com/benefits • Aetna Supplemental Health Voluntary Benefits: www.teradyne.com/benefits • Teradyne Healthcar
Slide 20: How to Enroll
2024 Annual Open Enrollment How to Enroll The decisions you make during Open Enrollment affect your whole family, so we encourage you to carefully consider the options available. You can access Teradyne’s benefits information at www.teradyne.com/benefits. Once you’ve determined the benefits that are
Slide 21: What Happens If You Don't Enroll?
2024 Annual Open Enrollment What Happens If You Don’t Enroll? Be sure to update your benefit elections between October 24 – November 8, 2023. If you don’t take action during Open Enrollment, your current 2023 benefits will carry over into 2024 except your elections for the following: • Health Saving
Slide 22: Other Considerations
Other Considerations Whether you will enroll in a new plan or you don’t want to make any changes, now is a great time to ensure you’re ready for the new year. Take time now to: • Log onto Benefitfocus and update your beneficiaries for life insurance. • Update your covered dependents and ensure their
Slide 23: Questions?
Questions? 22 TERADYNE