Reimbursement Accounts
Eligibility/Terminology
Retirement
Active
Medical/Dental/Vision
100
When can changes be made to the HSA account?
Anytime during the plan year
100
When is Annual Enrollment
What is October 23-November 12
100
When a retiree elects benefits with One Exchange, Are they still eligible to keep their life insurance policy?
yes
100
What plans can you get Bayer Drugs at no cost without satisfying the deductible?
Do you take prescribed Bayer drugs? You may want to consider one of the PPO Plans, which offer Bayer drugs at 100% without a deductible. Bayer drugs are also covered through the Health & Savings Plans; however, per federal guidelines you must first meet your deductible before the plan pays 100%.
100
The only dental plan offered by Bayer
Dental plans. For 2015, Bayer will only offer the Delta Dental Premier Plan through Delta Dental. The Cigna Dental PPO Plan will not be offered. The Delta Dental Premier Plan will not change except the annual maximum benefit will increase from $1,000 to $1,500. If you are currently enrolled in the Cigna Dental PPO Plan and do not waive coverage during Annual Enrollment, you and your eligible dependents will automatically be enrolled in the Delta Dental Premier Plan.
200
What are the HSA Contribution limits?
What is Health Savings Account (HSA). The IRS annual contribution limit to the HSA (including both Bayer’s and your contributions) will increase to $3,350 for you only or $6,650 if you are covering a spouse and/or one or more dependents. If you are age 55 or older, you can save an additional $1,000 above this limit. In order to contribute to the HSA for 2015, you must be enrolled in one of the Health & Savings Plans.
200
What is the eligibility requirement for a Full time employee
Full-time employees will be defined in 2015 as those who work 30 hours or more per week; this is a reduction from the current 32 hour requirement for full-time status. If you move from part-time to full-time status as a result of this change, you will pay the full-time employee contribution rate(s) in 2015.
200
Who helps Medicare eligible retiree elect benefits?
OneExchange, a Towers Watson company, is our partner in helping Medicare-eligible retirees select a health plan from the individual market that best meets their needs. You will begin to receive materials from OneExchange about 90 days before you turn 65.
200
Under Health Care Reform, many preventive services for women are covered under Bayer’s four national plans and some regional plans at no cost to you. Name 3.
–– Birth control methods and counseling –– Well-woman visits –– Breastfeeding support, supplies, and counseling –– Screening and counseling for violence you may face in any relationship –– Screening for diabetes related to pregnancy –– DNA testing for high-risk strains of human papillomavirus (HPV) –– Counseling about sexually transmitted infections (STIs) –– Screening for human immunodeficiency virus
300
How much of the HSA rolls over?
All available funds that are unused.
300
What is Coinsurance?
Coinsurance: the percentage of covered health care costs for which you have financial responsibility; this is paid after you meet the deductible
300
What is the age for medicare eligibility?
65
300
What is an SBC?
The government-required Summary of Benefits and Coverage (SBC) will be available to help you make an informed benefits decision. An SBC summarizes the medical plan in a standard format, allowing you to compare Bayer’s medical plan options.
300
Who is the prescription carrier for the Aetna Health & Savings Plan
Prescription drugs. For 2015, the prescription drug coverage that is included with the four national medical plans will be administered by Caremark.
400
Which plans are ineligible for the 80% PPO Plan?
What is Aetna 80% PPO Plan/Anthem BCBS 80% PPO Plan
400
What is the annual out of pocket max?
Annual out-of-pocket maximum: the most you will pay out of your pocket each calendar year
400
What are the 2015 HRA contribution rates?
If eligible, you may receive a contribution from Bayer to a Health Reimbursement Account (HRA) to help pay for your coverage. For your reference, the 2015 annual contribution will range from $1,240 to $1,860, based on your age and continuous years of service at retirement.
400
Under what tab on the BBC website can you find literature about each plan as well as many other helpful resources?
What is Resource Library
400
Who is vision coverage offered through?
Eye Med
500
How much is the FSA Rollover?
New Health Care Flexible Spending Account (FSA) Rollover Starting this year, the Health Care FSA allows a $500 rollover. Under new federal guidelines, Bayer is allowing employees to roll over up to $500 in unused Health Care FSA funds — a significant change from the previous “use it or lose it” policy. This is effective for the current plan year, meaning if you are enrolled in a Health Care FSA in 2014, you can roll over up to $500 of your balance to 2015. Any amounts over $500 on December 31, 2014, will be forfeited. This change does not apply to the Dependent Day Care FSA.
500
Who qualifies as a dependent child of a participant?
One of whom they provide legal guardianship, natural child, adopted child, foster child, child of a domestic partner covered under the plan, handicapped child, step child
500
What happens to coverage if you do not enroll in a timely manner when you become medicare eligible?
When you become eligible for Medicare, if you wish to enroll in a OneExchange health plan, you must do so within the time frame provided to you. If you do not enroll by the deadline, your non-Medicare eligible dependents enrolled in a Bayer medical plan will lose coverage.
500
What is the deductible increase for the Anthem BCBS Health & Savings Plan?
Increased deductible: To comply with Health Care Reform requirements, the Anthem BCBS Health & Savings Plan annual deductible for You+Spouse and You+Child(ren) coverage will increase from $2,500 to $2,600.
500
Name 3/6 of the Regional Health Plans
What is • Aetna PPO PR (Puerto Rico) • Aetna Global High Deductible Health Plan • Aetna Global Medical Plan • Kaiser – CA • Kaiser – Hawaii • UPMC – PA
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