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

_{This benefit term refers to the highest amount you will pay for covered healthcare expenses during a plan year. Its commonly used acronym is OOPM.}

_{What is Out-of-Pocket Maximum?}

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 your 20% contribution after meeting your deductible.}

_{What is Co insurance?}

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 is 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?}

500

_{These providers are not contracted with your insurance plan and may cost you more.}

_{What is Out-of-Network?}

Name That Benefit

100

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

_{Who is Progyny Menopause & Midlife Support?}

200

_{This benefit is enhancing the employee experience through digital estate planning, 24/7 online chat support, attorney education, and future AI-powered solutions.}

_{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 UHC Maximum Deductible Plan?}

500

This account uses pre-tax payroll deductions to help cover eligible health or dependent care expenses, and employees can choose from three different types each year during Annual Enrollment.

What are Flexible Spending Account (FSA)?

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.}

_{Who is the Textron's CEO?}

300

_{This approach balances benefit costs between the company and employees, with the employer covering about 70% of expenses.}

What is a 70/30 cost-sharing strategy?

400

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

_{What is $400M?}

500

_{This group makes the final decisions about Textron's benefits.}

_{Who is the Employee Benefits Committee?}

Health Plan Showdown

100

_{In this health plan Textron makes a contribution to your HSA.}

_{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?}

500

_{This specially trained healthcare provider offers a whole-body review to help find the most effective treatment options for menopause-related symptoms.}

_{Who is the Menopause Society Certified Provider?}