Teradyne, Inc. · NASDAQ:TER
Teradyne — Investor Presentation (October 2019)
31 slides from Teradyne's investor presentation, October 2019
Slide 1: 2020 Enrollment Presentation
2020 Enrollment Presentation
Slide 2: What’s New for 2020
What’s New for 2020 Teradyne's costs have moderated due, in part, by your actions. By using resources such as Smart Shopper to make informed decision on medical procedures or by using the ER just for true urgent needs, you help to lesson our health care costs. Each plan's contributions are based on
Slide 3: What’s New for 2020 (continued)
What’s New for 2020 (continued) New Programs for 1/1/2020 for Those Enrolled in a BCBS Plan Virtual Doctor Visit The virtual doctor visit is available to you through BCBS Well Connect from your mobile device or computer. New for 2020: By using Well Connect virtual visits with board certified doctors
Slide 4: Receive The Best Care Possible With Grand Rounds
Those Enrolled in a BCBS Plan Receive The Best Care Possible With Grand Rounds Managing a new or long term health condition for you or a family member can be overwhelming but it doesn’t have to be. Grand Rounds is here to help and is offered to Teradyne employees enrolled in a BCBS-MA medical plan a
Slide 5: New Kaiser Acupuncture and Chiropractic Benefits
New Kaiser Acupuncture and Chiropractic Benefits Office Visits • Office visits under the Kaiser HAS: $15 copay after deductible, up to 20 visits per year. • Under the Kaiser HMO plan: $15 copay up to 20 visits per year. Note: Covered services are only for medical necessary treatment by ASH providers
Slide 6: Get Rewarded for Taking Healthy Action
Those Enrolled in a BCBS Plan Get Rewarded for Taking Healthy Action Qualified Fitness Program Qualified Weight Loss Program Receive up to $150 annually for membership or Receive up to $150 annually for participation in fitness class fees a qualified program • At a full service health club with card
Slide 7: Smart90 Pharmacy Network Now Includes CVS
Those Enrolled in a BCBS Plan Smart90 Pharmacy Network Now Includes CVS Remember it’s easier than ever to fill a 90-day prescription for long-term or maintenance medication. • Fill it locally at Walgreens or CVS Smart90 participating locations, OR • Fill it by mail through Express Scripts. The progr
Slide 8: Express Scripts Advantage
Those Enrolled in a BCBS Plan Express Scripts Advantage With Express Scripts, there are simpler ways to manage your prescriptions and your health. Here are a few highlights you can expect: Easy Accessible Personalized Convenient No more paper prescription Connect with pharmacists Communication optio
Slide 9: Hyatt Legal Benefits – Now for Your Parents Too
Hyatt Legal Benefits – Now for Your Parents Too Provides affordable legal help for Services Available to Parents you, your spouse and dependents for the many common legal issues your All Hyatt Legal services are available to you, your spouse and family faces, like: your eligible dependents; the foll
Slide 10: Consider a Flexible Spending Account (FSA)
Consider a Flexible Spending Account (FSA) Use tax-free dollars to pay eligible health care and dependent care expenses Health Care FSA Limited Purpose Dependent Care FSA (medical, Rx, dental and vision Health Care FSA (dependent day care expenses) expenses) (dental and vision expenses) Maximum 2020
Slide 11: Short Term Disability – Outside CA
Short Term Disability – Outside CA Company provided Basic Short Term Disability protects the first $50,000 of your income: 75% of $50,000 for the first 13 weeks and 60% of $50,000 for weeks 14-26. Employees often think only catastrophic events would cause them to require disability insurance. The re
Slide 12: Supplemental Short Term Disability – Outside CA
Supplemental Short Term Disability – Outside CA Supplemental Short Term Disability is $0.24 per $,1000 of salary over $50,000 11
Slide 13: Short Term Disability – CA Only
Short Term Disability –CA Only Company provided Basic Short Term Disability protects the first $50,000 of your income: 75% of $50,000 for the first 13 weeks and 60% of $50,000 for weeks 14-26 . Employees in California that waive this coverage will be covered at 75% of the state wage base for the fir
Slide 14: Supplemental Short Term Disability – CA Only
Supplemental Short Term Disability – CA Only Supplemental Short-Term Disability is $0.24 per $1,000 for coverage above taxable wage base 13
Slide 15: What’s the Best Plan for You?
What’s the Best Plan for You? All Your Teradyne Medical Options Provide: • In-network preventive care that’s free to you • The same provider network • Coverage for the same eligible expenses The Only Difference: How, and How Much, You Pay Premium Contributions Out-of-Pocket Costs (deducted from your
Slide 16: Are You Getting the Best Value?
Are You Getting the Best Value? For most, the best value is the Health Investment Plan The best value for 95% But only 39% are enrolled 30% 39% Enrolled Enrolled 95% Would pay less in the Health Investment Plan Are You Missing Out? (based on actual claims) 15
Slide 17: What Do the 39% Know? I’m in control
What Do the 39% Know? I’m in control Realize they are better off saving what they otherwise would pay in higher premium contributions Use the HSA to make it easier to save Get an HSA contribution from Teradyne Use the money if they need it—keep it if they don’t Does this sound like you? “I'd
Slide 18: What Do the 39% Know? I’m saving for retirement
What Do the 39% Know? I’m saving for retirement Realize that only the Health Investment Plan provides a way to save for medical expenses in retirement—tax-free Like knowing you can never lose your HSA contributions; savings can continue to grow over time, with no limit Choose how to invest the
Slide 19: What Do the 39% Know? I’m thinking longer-term
I’m thinking longer- What Do the 39% Know? term Regardless of your age, taking a longer-term view is a smart way to think about medical coverage After age 65, HSA funds can be used: Like the idea of building up an HSA balance that, over time, can feel • For non-medical expenses, subject like fir
Slide 20: Amanda’s, David’s and Greg’s Examples
Amanda’s Example • Low expenses all three years • Single (married in year 2; adds spouse to plan for year 3) • After Year 1, with Teradyne’s ($700) and her own HSA contributions ($960), Amanda has enough HSA funds to cover her individual deductible in year 2. • In Year 2, as Amanda decides to increa
Slide 21: Health Investment Plan FAQs
Health Investment Plan FAQs Frequently Asked Questions • If I know my medical expenses are high, am I better off in the PPO or EPO? • What if I think I can’t afford to contribute to an HSA? • How do I get reimbursed from the HSA? 20
Slide 22: Health Investment Plan FAQs: PPO or EPO?
Health Investment Plan FAQs “If I know my medical expenses are high, am I better off in the PPO or EPO?” ANSWER Not necessarily. Even if you are planning to have surgery, see the doctor a lot or take several maintenance drugs, you may still find that the Health Investment Plan is the best value for
Slide 23: Health Investment Plan FAQs: Affording HSA contributions
Health Investment Plan FAQs “What if I think I can’t afford to contribute to an HSA?” ANSWER Everyone needs to save for out-of-pocket expenses—regardless of the plan you choose. The Health Investment Plan difference: you can save for those expenses tax-free. That’s like getting a discount on your sh
Slide 24: Health Investment Plan FAQs: HSA reimbursement
Health Investment Plan FAQs “How do I get reimbursed from the HSA?” ANSWER It’s easy to pay or be reimbursed from your HSA. • Use your HSA debit card. Use it to pay qualified expenses at point of sale, such as filling a prescription, or for an invoice you receive in the mail. Request cards for your
Slide 25: Make the Most Out of Your Health Plan
Make the Most Out of Your Health Plan Join millions of people using Castlight to get more out of their health plan and benefits. Get peace of mind Find doctors you’ll love Feel great about your benefits Castlight is only for employees and covered dependents over age 18 enrolled in a Blue Cross Plan
Slide 26: Get Peace of Mind
Get Peace of Mind Clearly see what’s covered by your plan, how much services will cost, and where you’ve spent your healthcare dollars. • Review your family’s visits in an easy-to-read format • See what you paid and why 25
Slide 27: Find Doctors You’ll Love
Find Doctors You’ll Love Search ratings and reviews from real people, and find high- quality doctors or specialists in your network and near you. • Compare doctors and facilities based on quality, location, and cost • Access contact information, patient reviews, quality information, and more 26
Slide 28: Feel Great About Your Benefits
Feel Great About Your Benefits Discover your well-being resources and see all your perks in once place. 27
Slide 29: Once You Complete Open Enrollment, Sign Up for Castlight
Once You Complete Open Enrollment, Sign Up for Castlight. www.mycastlight.com If not currently under Blue Cross but electing it for 2020, you will not have access to Castlight Platform until after January 1, 2020. 28
Slide 30: 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 • Castlight Health: Past care detail, cost & quality data • Teradyne Healthcare Calculator: Po
Slide 31: Open Enrollment is Coming
Open Enrollment is Coming Open enrollment period: October 28 – November 8, 2019 Be sure to attend a Benefits Fair: Location Date Time Address Room Location Teradyne Monday, 30701 Agoura Road 10:00 - 2:00pm CCR 1 & 2 Agoura Hills, CA 10/28/2019 Agoura Hills, CA Teradyne/Eagle Test Tuesday, 2200 Millb