Teradyne, Inc. · NASDAQ:TER
Teradyne — Investor Presentation (October 2020)
32 slides from Teradyne's investor presentation, October 2020
Slide 1: 2021 Annual Open Enrollment Presentation
2021 Annual Open Enrollment Presentation
Slide 2: What’s New for 2021
What’s New for 2021 New Enrollment Experience through Benefitfocus To better serve you, we’re introducing a new benefits enrollment platform, Benefitfocus. Benefitfocus provides you with 24/7 access to your benefits information and contains helpful tools and resources that can help you determine wha
Slide 3: What’s New for 2021 (continued)
What’s New for 2021 (continued) Introducing the Virtual Benefits Fair Just like a traditional benefits fair, you can visit vendor booths, gather enrollment information, even chat with a vendor to get answers to your questions. But because this is a virtual benefits fair, you don’t have to be on site
Slide 4: What’s New for 2021 (continued)
What’s New for 2021 (continued) • 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
Slide 5: What’s New for 2021 (continued)
What’s New for 2021 (continued) Flexible Spending Account (FSA) changes: Health Care Health Care FSA annual rollover will increase to $550. (Change retroactively made for 2020 Plan Year so those with a 2020 Election will also have up to $550 rollover into 2021) Dependent Care We’re also introducing
Slide 6: Those Enrolled in a BCBS Plan 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 fitness Receive up to $150 annually for participation in a class fees qualified program • At a full service health club with card
Slide 7: Expert Medical Opinion for all Employees
Expert Medical Opinion for all Employees 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 all Teradyne employees and their immediate a
Slide 8: Express Scripts Smart90 Pharmacy Network
Those Enrolled in a BCBSMA Plan Express Scripts Smart 90 Pharmacy Network 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 pro
Slide 9: 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 in Communication op
Slide 10: MetLife Legal Benefits
MetLife Legal Benefits Provides affordable legal help for you, Services Available to Parents your spouse and dependents for the many common legal issues your family All MetLife services are available to you, your spouse and your faces, like: eligible dependents; the following are available to your p
Slide 11: 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 2021
Slide 12: 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 13: 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 12
Slide 14: 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 firs
Slide 15: 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 14
Slide 16: 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 17: 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 43% are enrolled 43% 30% Enrolled Enrolled 95% Would pay less in the Health Investment Plan Are You Missing Out? (based on actual claims) 16
Slide 18: What Do the 43% Know? I’m in control
What Do the 43% 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 19: What Do the 43% Know? I’m saving for retirement
What Do the 43% 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 20: What Do the 43% Know? I’m thinking longer-term
I’m thinking longer- What Do the 43% 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 like first- • For non-medical expenses, subj
Slide 21: Leena’s, David’s and Mark’s Examples
Leena’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), Leena has enough HSA funds to cover her individual deductible in year 2. • In Year 2, as Leena decides to increase
Slide 22: 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? 21
Slide 23: Health Investment Plan FAQs
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 24: Health Investment Plan FAQs
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 s
Slide 25: Health Investment Plan FAQs
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 26: 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 27: 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 26
Slide 28: 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 27
Slide 29: Feel Great About Your Benefits
Feel Great About Your Benefits Discover your well-being resources and see all your perks in once place. 28
Slide 30: 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 2021, you will not have access to Castlight Platform until after January 1, 2021. 29
Slide 31: 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 • Teradyne Virtual Benefits Fair: Benefitsfair.online/Teradyne • Plan Comparisons and Summary Plan Descriptions: www.teradyne.com/benefits • Castlight Health: Past care d
Slide 32: Open Enrollment is Coming
Open Enrollment is Coming Open enrollment period: October 26 – November 6, 2020 Be sure to attend the Virtual Benefits Fair: Benefitsfair.online/Teradyne 31