Benefits Jeopardy

Do You Speak Benefits?

100

_{This acronym describes a health plan with higher deductibles, lower premiums, and eligibility for a Health Savings Account (HSA).}

_{What is HDHP?}

200

_{Many health plans require this amount to be paid when receiving a covered healthcare service.}

^{What is a Copay?}

300

_{This acronym represents an extra medical premium charged when a spouse declines coverage available through their employer.}

 _{What is ESMC (Employed Spouse Medical Contribution)?}

400

_{This term describes the percentage of covered healthcare costs you pay after meeting your deductible.}

_{What is Coinsurance?}

500

_{This approval process is often required before certain medications or medical procedures will be covered by the health plan.}

_{What is Prior Authorization?}

A Little Bit of Everything

100

_{Employees have from November 5 through November 20 to review and make changes to their benefits elections.}

_{What is the Annual Enrollment period?}

200

All three medical plans cover maintenance generic medications, annual physicals, preventive screenings, and ______ at no cost.

What are Vaccinations?

300

_{This prescription benefit manager was discussed as Textron's partner for prescription drug benefits.}

What is CVS?

400

_{HSA funds can be used to pay for this type of expense.}

_{What are eligible expenses?}

Name That Benefit

100

_{An employee wants personalized support and a menopause specialist. Which benefit should they use?}

_{What is Progyny Menopause & Midlife Support?}

200

_{This vendor helps employees help create legal documents online.}

_{What is MetLife Legal?}

300

_{This health plan allows members to view their out-of-pocket costs before scheduling a procedure.}

_{What is the Surest No Deductible Plan?}

400

_{This health plan is best for employees who have very few medical expenses, do not want payroll premiums, and still want the tax advantages of an HSA.}

_{What is the Maximum Deductible Plan?}

500

_{This UHC medical plan offers a company contribution toward your medical expenses and the tax advantages of an HSA.}

_{What is the High Deductible HSA Plan?}

Benefits Strategy 101

100

_{Benefit Strategy works closely with these two teams to support benefit programs and initiatives.}

_{What are the ICOE Team and Legal?}

200

A new member is being added to Textron's Benefits Committee. This individual would have the authority to make that appointment.

What is the Textron's CEO?

300

_{Textron targets this employer-to-employee medical cost-sharing ratio/}

_{What is 70% employer / 30% employee?}

400

_{Benefit Strategy oversees this amount each year while managing medical and pharmacy benefits.}

_{What is $400M?}

500

_{The Benefits Team advises this group, but the group makes the final decisions on benefits strategy.}

_{What is the Employee Benefits Committee?}

Health Plan Showdown

100

_{This health plan offers Textron HSA contributions.}

_{What is the  High Deductible HSA Plan?}

200

This medical plan offers no deductible and uses Smart Co-Pays to help members understand costs before receiving care.

What is the Surest No Deductible Plan?

300

According to the presentation, what percentage of women experience menopause?

What is 100%?

400

This voluntary benefit helps protect employees from identity theft through features like Dark Web Monitoring and Credit Monitoring.

What is Norton Lifelock?