Arthur J. Gallagher & Co. · NYSE:AJG
Arthur J. Gallagher & — HTC — Investor Presentation (November 2021)
76 slides from Arthur J. Gallagher &'s investor presentation, Nov 15, 2021
Slide 1: Begins November 15, 2021
Begins November 15, 2021
Slide 2: Meeting logistics and presenters
Please mute until the end of the presentation Use chat to ask Gallagher questions during the meeting; we’ll Gail Gentry answer questions Doug Bradshaw at the end of the presentation. If you have a HTC Benefits more personal question, send a Ariana Poltz private chat to Ariana Poltz Roundup on Nov. 1
Slide 3: Open Enrollment November 15th – November 23rd
OPEN ENROLLMENT November 15th – November 23rd •Your annual opportunity to: • Add or drop dependents • Change plans • Enroll for the first time • Waive coverage •After Open Enrollment, you may make changes ONLY if you have a qualifying life event, such as: •Getting married or divorced •Giving birth o
Slide 4: What's New in 2022?
WHAT’S NEW IN 2022? •Online Enrollment through ADP • Log into ADP Workforce Now to: Review current elections Make updates to coverage for all benefit elections except FSA, GoNavia, and/or HSA Enrollment in voluntary plans will now be made in ADP No changes = only review required •FSA Updates
Slide 5: Eligibility for Coverage
ELIGIBILITY FOR COVERAGE U.S. regular employees working at least 30 hours per week Your Spouse or Domestic Partner Your Dependent Children to age 26 HTC Proprietary and Confidential
Slide 6: Medical / Pharmacy Premera Blue Cross
Medical / Pharmacy Premera Blue Cross HTC Proprietary and Confidential
Slide 7: Important Insurance Terms to Know
Important Insurance Terms to Know Copays ($) Deductible ($$) Coinsurance ($$$) • Payable at the time of • Amount of eligible • Your share of eligible service for things like: expenses incurred costs: • Office visits before the plan will begin • After deductible • Prescriptions to pay has been met AN
Slide 8: Medical & Pharmacy Premera Blue Cross PPO and HDHP
MEDICAL & PHARMACY Premera Blue Cross PPO Premera and Express and HDHP Scripts Apps • Both plans offer a wide choice of • Find nearby doctors and clinics providers • Mobile proof of coverage • Look up your benefits • Elect a Heritage network provider • Check your claims or another provider for healt
Slide 9: Option 1: High Deductible Health Plan with HSA
Medical / Pharmacy Premera Blue Cross Option 1: High Deductible Health Plan (HDHP) with Health Savings Account (HSA) You will receive a new Premera Blue Cross ID card for 2022, even if you don’t make any benefit changes! HTC Proprietary and Confidential
Slide 10: HDHP with HSA Medical Monthly Premiums
HIGH DEDUCTIBLE HEALTH PLAN (HDHP) WITH HEALTH SAVINGS ACCOUNT (HSA) HTC continues to pay 100% for employee only coverage on the HDHP medical plan. Medical Monthly 2022 Rate with 2022 EE Rates Premiums Surcharge Employee $0.00 N/A Employee + $111.14 $211.14 Spouse/Domestic Partner Employee + Childre
Slide 11: HDHP with HSA Coverage Details
HIGH DEDUCTIBLE HEALTH PLAN (HDHP) WITH HEALTH SAVINGS ACCOUNT (HSA) In-Network Out-of-Network Deductible $1,500 Individual $3,000 Individual $3,000 Family* $6,000 Family* Out-of-Pocket Max $2,500 Individual No Limit $5,000 Family* Preventive Care Covered in Full Not Covered Doctor’s Office Visits 2
Slide 12: HDHP Pharmacy
HIGH DEDUCTIBLE HEALTH PLAN (HDHP) PHARMACY Premera HDHP Classification of Your Coinsurance Prescription Generic 20%, after deductible Brand Name 20%, after deductible Formulary Brand Name 20%, after deductible Non-Formulary ! Use GoodRx (website or app) to cost compare pharmacies! HTC Proprietary a
Slide 13: The Health Savings Account (HSA)
THE HEALTH SAVINGS ACCOUNT (HSA) High Deductible Health Plan Protects you from big (HDHP), through healthcare bills Premera + Helps pay the deductible $ Health Savings Tax-deductible deposits Account (Your Individual Savings grow tax-free Bank Account) Tax-free for qualified healthcare HTC Proprieta
Slide 14: Eligibility for an HSA
ELIGIBILITY FOR AN HSA (HEALTH SAVINGS ACCOUNT) • Employees enrolled/entitled to Medicare are not eligible • You cannot be covered on any other non-HSA eligible medical plan • Cannot be claimed as a dependent on someone else’s tax return • You cannot participate in your own or a spouse’s general FSA
Slide 15: Contributions to an HSA
CONTRIBUTIONS TO AN HSA HTC contributes on your behalf: HTC’s Contribution 2022 Individual $1,000 Family (2+) $2,000 Annual HSA contribution maximum (including HTC’s contribution): IRS Maximum 2022 Individual $3,650 Family (2+)* $7,300 Catch-up (age 55+)* $1,000 *If both spouses have HDHPs, the maxi
Slide 16: 2022 HSA Reminders
2022 HSA REMINDERS • If not previously enrolled in the Navia HSA, you must open a Navia account in order to receive the employer contribution in 2022 • Make pre-tax employee contributions into your HSA account through ADP • Remember that the maximum contribution amounts include all contribution type
Slide 17: HSA Qualified Expenses
HSA QUALIFIED EXPENSES • Deductibles and coinsurance for medical and dental care • Prescriptions and over-the-counter drugs • Vision care, including glasses and Lasik eye surgery • Smoking cessation treatment/prescriptions • Some premiums, such as long-term care, COBRA, Medicare Part A, B or D and h
Slide 18: Choosing an HDHP with HSA – Things to Consider
CHOOSING AN HDHP WITH HSA – THINGS TO CONSIDER • Lower monthly premium = lower • Rollover from year to year payroll deductions for you • No expiration date on funds • Portability • No cap on how large your account can • Your HSA account is yours to keep grow • You can continue to spend your HSA fund
Slide 19: Option 2: Preferred Provider Organization (PPO) Plan
Medical / Pharmacy Premera Blue Cross Option 2: Preferred Provider Organization (PPO) Plan You will receive a new Premera Blue Cross ID card for 2022, even if you don’t make any benefit changes! HTC Proprietary and Confidential
Slide 20: PPO Plan Option Medical Monthly Premiums
PREFERRED PROVIDER ORGANIZATION (PPO) PLAN OPTION HTC contributes to the majority of plan premiums for you and your dependents. Medical Monthly 2022 Rate with 2022 EE Rates Premiums Surcharge Employee $25.00 N/A Employee + Spouse/Domestic $180.07 $280.07 Partner Employee + Children $126.03 N/A Emplo
Slide 21: PPO Plan Option Coverage Details
PREFERRED PROVIDER ORGANIZATION (PPO) PLAN OPTION In-Network Out-of-Network Deductible $500 Individual $1,000 Individual $1,000 Family $2,000 Family Out of Pocket Max $1,500 Individual $3,000 Individual $3,000 Family $6,000 Family Preventive Care Covered in Full Not Covered Doctor’s Office Visits $2
Slide 22: PPO Plan – Pharmacy
PREFERRED PROVIDER ORGANIZATION (PPO) PLAN - PHARMACY Premera PPO Classification of Your Copay Prescription Generic $10 Brand Name $30 Formulary Brand Name $50 Non-Formulary ! Prescription costs will be applied to your out-of-pocket maximum on the plan HTC Proprietary and Confidential
Slide 23: Virtual Care Benefits through Premera Blue Cross
Virtual Care Benefits through Premera Blue Cross HTC Proprietary and Confidential
Slide 24: Virtual Care Options
VIRTUAL CARE OPTIONS Regardless of the plan you select, you have several options available for telehealth benefits. • 24 Hour Nurseline: advice is just a phone call away! Connect with a registered nurse to receive advice on symptoms and care coordination. Phone number included on back of your Premer
Slide 25: Which medical plan is the best fit for me and my family?
Which medical plan is the best fit for me and my family? HTC Proprietary and Confidential
Slide 26: Things to Consider
THINGS TO CONSIDER • Where do I receive care? • How many times a year do I go to the ER? • Do I have a relationship with a Primary Care Provider? • How do I use healthcare? • Do I have a chronic condition requiring frequent medical visits? • Do I take an expensive medication? • What payroll deductio
Slide 27: Saving Money on Medical Costs
SAVING MONEY ON MEDICAL COSTS Regardless of the plan you select, there are key ways to save money on medical costs: • Mail Order: Same prescription every month? Try mail order if enrolled on the PPO plan, and consider generic alternatives. • Shop Around: On HSA plan? Shop around to see if your presc
Slide 28: Comparing Plans – Individual Only
COMPARING PLANS – INDIVIDUAL ONLY The following in-network example compares the two medical plans would work for an employee having their annual preventive care exam, generic birth control, and one office visit for an illness with a preferred brand name prescription prescribed. Expense HDHP PPO Prev
Slide 29: Comparing Plans – Employee + Spouse
COMPARING PLANS – EMPLOYEE + SPOUSE The following in-network example assumes Employee + Spouse/Domestic Partner coverage, with only one person needing to meet their deductible and out- of-pocket maximum. Expense HDHP PPO Annual Deductible $3,000 $500 Additional Amount Needed to Meet $2,000 $1,000 An
Slide 30: Comparing Plans – Family
COMPARING PLANS – FAMILY The following in-network example assumes Family coverage (employee + spouse/domestic partner + one or more children). In this example, we’re assuming the entire family deductible & out-of-pocket maximum have been met. Expense HDHP PPO Annual Deductible $3,000 $1,000 Addition
Slide 31: Dental Delta Dental of Washington
Dental Delta Dental of Washington HTC Proprietary and Confidential
Slide 32: Dental Plan
DENTAL PLAN • Participating Delta Dental PPO and Premier dentists, nationwide, agree to provide services at discounted, negotiated fees. • Use a PPO dentist and it will cost you less! Delta Dental Mobile App ! IMPORTANT NOTE If you use out-of-network dental providers, your • Find a dentist charges w
Slide 33: Dental Plan Coverage
DENTAL PLAN In-Network Deductible Maximums Services Preventive (cleanings, $0 (PPO Dentist) x-rays, topical fluoride) Orthodontia - 50% Covered in full Up to $1,500 $50/$150 per lifetime (Premier and OON Basic (fillings, extractions, (adults & children) Dentists) periodontics, root canals) You pay 2
Slide 34: Vision Vision Service Plan (VSP)
Vision Vision Service Plan (VSP) HTC Proprietary and Confidential
Slide 35: Vision Plan
VISION PLAN Eyeglasses Eye Exams Contact Lenses Lenses & Frames 1 pair every calendar year Once per calendar year Lenses: 100% after $25 Up to $150 allowance; $10 copay for vision exam copay Once per calendar year in lieu of frames & lenses up to $60 for a contact lens Frames: up to $150; 20% exam a
Slide 36: Life & Disability Prudential
Life & Disability Prudential HTC Proprietary and Confidential
Slide 37: Life & Accidental Death & Dismemberment
LIFE & ACCIDENTAL DEATH & DISMEMBEMENT •Life insurance provides financial security for the people who depend on you •All eligible employees are covered by Basic Life and Accidental Death and Dismemberment (AD&D) Insurance benefits at 2X your annual earnings to a benefit maximum of $300,000. •Imputed
Slide 38: Disability Insurance
DISABILITY INSURANCE Disability benefits help protect your income if you become ill or are injured (outside of work) and are unable to perform your occupation. These benefits have been designed to protect your income on a short or long term basis. HTC pays the full disability premiums for employees.
Slide 39: Voluntary Benefits Gallagher vChoice & Trupanion
Voluntary Benefits Gallagher vChoice & Trupanion HTC Proprietary and Confidential
Slide 40: Voluntary Benefit Options
VOLUNTARY BENEFIT OPTIONS Additional insurance coverages are available for you and your family on a voluntary basis at discounted group rates through Gallagher vChoice. You pay 100% of the premium for these policies. You may choose from the following plans: • Employee, Spouse/Domestic Partner & Chil
Slide 41: Voluntary Benefits: Life and AD&D
VOLUNTARY BENEFITS Life AD&D • Employee: increments of • Employee: $100,000 increments, salary, up to 5x salary, max of up to $500,000 $500,000 • Spouse/Domestic Partner: up to • Spouse/Domestic Partner: 50% of employee election amount up to 50% of employee • Children: $10,000 (newborn to 26) electi
Slide 42: Voluntary Benefits: Critical Illness and Injury Accident
VOLUNTARY BENEFITS Critical Illness Injury Accident • Critical illness insurance will pay a lump sum benefit upon diagnosis • Accident insurance can help of a covered critical illness protect against financial hardships • Covered Illnesses resulting from emergency room treatment, hospital admissions
Slide 43: Voluntary Benefits: Legal and Identity Theft
VOLUNTARY BENEFITS Legal Identity Theft Telephone and office Identify theft protection through consultations for a number Allstate. You have the option to buy of legal matters such as: coverage for yourself or your family. • Will preparation Protection that can help to proactively • Debt collection
Slide 44: Voluntary Benefits: Pet Insurance
VOLUNTARY BENEFITS Pet Insurance Recent advances in veterinary medicine mean pets can live longer, healthier lives. Pet insurance can help ensure your pets get necessary care when they need it. Pet insurance is offered through Trupanion. From surgeries to supplements, diagnostic tests, and medicatio
Slide 45: Voluntary Benefits – How to Enroll
VOLUNTARY BENEFITS – HOW TO ENROLL New for 2022, enrollment in voluntary plans offered through Gallagher vChoice will be done in ADP. If not enrolling or not making changes to voluntary coverage, your only action is to review your current benefit elections in ADP. The one exception to this is th
Slide 46: ADP Workforce Now – Welcome Message
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Welcome Message This pop-up will show up until you have completed your enrollment. After reading the entire Welcome Message, please select Start This Enrollment. HTC Proprietary and Confidential
Slide 47: ADP Workforce Now – Initial Instructions
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Initial Instructions This is the initial instruction message you will receive to complete your benefit election process. Select your tobacco status and click Continue. HTC Proprietary and Confidential
Slide 48: ADP Workforce Now – Review Benefit Elections
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Review Benefit Elections Please review your new benefit elections before submitting. It is recommended that you download this information for reference as you complete the Open Enrollment process. HTC Proprieta
Slide 49: ADP Workforce Now – Your Benefit Enrollments
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Your Benefit Enrollments For more information and/or additional instructions, on any plan, you can select the hyperlink. *PLEASE NOTE: It is extremely important that you select the appropriate plan. If you have a working spouse, you m
Slide 50: ADP Workforce Now – Enrolling in Benefits
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits HTC Proprietary and Confidential
Slide 51: ADP Workforce Now – Comparing Benefit Plans
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Comparing Benefit Plans HTC Proprietary and Confidential
Slide 52: ADP Workforce Now – Waiving Coverage
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Waiving coverage HTC Proprietary and Confidential
Slide 53: ADP Workforce Now – Review Dependents & Beneficiaries
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Review Dependents & Beneficiaries Please take a moment to review your Dependent and Beneficiary information, especially when they are included in your coverage, and confirm this information is up to date. You c
Slide 54: ADP Workforce Now – Supplemental Benefits
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Supplemental Benefits HTC Proprietary and Confidential
Slide 55: ADP Workforce Now – Selecting Dependents & Beneficiaries
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Selecting Dependents & Beneficiaries HTC Proprietary and Confidential
Slide 56: ADP Workforce Now – Employee Life
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Employee Life HTC Proprietary and Confidential
Slide 57: ADP Workforce Now – Employee Life (continued)
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Employee Life (continued) HTC Proprietary and Confidential
Slide 58: ADP Workforce Now – Upload Documents
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Upload Documents Be sure to download, sign and upload the Health club Corporate Sponsorship Agreement. If you have selected Domestic Partner coverage, you are also required to download, sign, and upload the Aff
Slide 59: ADP Workforce Now – Review and Submit Elections
ADP WORKFORCE NOW – 2022 BENEFIT ENROLLMENT •Your Benefits tasks: Enrolling in Benefits – Review and Submit Benefit Elections HTC Proprietary and Confidential
Slide 60: ADP Workforce Now – How to Create ADP WFN Login
ADP WORKFORCE NOW – HOW TO CREATE ADP WFN LOGIN • How to register: HTC Proprietary and Confidential
Slide 61: Flexible Spending Accounts & Commuter Benefits Navia
Flexible Spending Accounts & Commuter Benefits Navia Benefit Solutions HTC Proprietary and Confidential
Slide 62: Healthcare Flexible Spending Account
Healthcare Flexible Spending Account For employees participating in PPO plan or waiving medical coverage with HTC HTC Proprietary and Confidential
Slide 63: Healthcare Flexible Spending Account (FSA)
Healthcare Flexible Spending Account (FSA) What is a Healthcare FSA? A pre-tax account that allows you to set aside funds to cover your medical/dental/vision/pharmacy expenses. • Date of Service Plan: Services must be used within the Calendar Year • Maximum Contribution: $2,850 • Commitment: Must co
Slide 64: Healthcare FSA Eligible Expenses and Access
Healthcare Flexible Spending Account (FSA) Examples of Eligible Expenses: How Do I Access My FSA Dollars? • Doctor visit copays • Full annual election available at • Coinsurance beginning of calendar year • Prescription copays • Use Navia debit card at time of • Dental expenses (including service or
Slide 65: Dependent Care Flexible Spending Account
Dependent Care Flexible Spending Account HTC Proprietary and Confidential
Slide 66: Dependent Care Flexible Spending Account (FSA)
Dependent Care Flexible Spending Account (FSA) What is a Dependent Care FSA? A pre-tax account that allows you to set aside funds to cover your childcare expenses for dependent children • Date of Service Plan: Services must be used within the Calendar Plan Year • Maximum Contribution: $5,000 ($2,500
Slide 67: Dependent Care FSA Eligible Expenses
Dependent Care Flexible Spending Account (FSA) What is an eligible Dependent Care expense? Childcare expenses so you/your spouse can go to work or school Does my childcare provider have to be licensed? No. As long as the person caring for your child is over the age of 18 and is not another qualified
Slide 68: Commuter Benefits Transit & Parking
Commuter Benefits Transit & Parking HTC Proprietary and Confidential
Slide 69: Commuter Benefits
Commuter Benefits What are Commuter Benefits? Pre-tax accounts that allow you to set aside funds to cover your work-related transit and parking expenses What is an eligible transit expense? Bus, subway, train, light rail, ferry, vanpooling, UberPool, Lyft shared rides What is an eligible parking exp
Slide 70: Commuter Benefits Election
Commuter Benefits How do I elect my commuter benefits? • Login as a participant to Navia’s employee portal. If you’ve not registered yet, you will need to complete the registration process. Select the “GoNavia Commuter Orders” and follow the instructions. How often can I change my election? • Unlike
Slide 71: Additional Resources
Additional Resources HTC Proprietary and Confidential
Slide 72: Employee Assistance Program
Employee Assistance Program 24/7/365 Phone Consultation Up to 3 face-to-face visits per issue Legal Relationship Financial Consultation Issues Planning Financial Substance Anxiety, Stress & Consultation Abuse Depression Retirement Work Day Care & Elder Care Planning Conflicts Assistance Access Infor
Slide 73: Gallagher Benefit Advocate Center (BAC)
Gallagher Benefit Advocate Center (BAC) What is the Gallagher BAC? A free resource to assist in answering your benefit questions Benefit Advocates will: • Answer benefit related questions • Help you find a provider • Be an advocate for resolving claims issues • Assist you through open enrollment Ben
Slide 74: Next Steps
Next Steps HTC Proprietary and Confidential
Slide 75: Important Enrollment Information
Important Enrollment Information • You MUST review your benefit elections in ADP for 2022. • Review the following for accuracy and any changes needed for 2022: Medical Dental Vision Life/Disability (automatically enrolled) Healthcare/Dependent Care FSA (review for reference) Health Savin
Slide 76: Next Steps – Questions About Your Benefits?
Next Steps QUESTIONS ABOUT YOUR BENEFITS? visit https://htc.benefithub.com/ GALLAGHER BENEFIT ADVOCATES bac.htcamerica@ajg.com 833-580-5861 HTC Proprietary and Confidential