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towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 1
Helping You Prepare For Your Upcoming Medicare Enrollment
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 2
l Who We Are
l Transitions Can Be A Good Thing!
l OneExchange – For Your Benefit
l A Deeper Dive – Benefit Advisors, Private Exchange, Optimize Savings, Health Reimbursement for You
l Next Steps
l Questions & Answers
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 3
The Transition Process
Simplified Selection
Consultative Process
Ongoing Advocacy
Effortless Enrollment
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 4
Our Service Centers
Salt Lake City, UT
Dallas, TX
Operating hours: Monday-Friday 8am-9pm ET
100% Domestic Workforce
- NO Outsourcing!
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 5
Plans and Partners All Plan Types
Wide selection of plans from leading national / regional carriers
Prescription Drug (Part D)
Medicare Advantage Medicare Supplement (Medigap)
Dental Plans & Vision Plans
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 6
Your Future Coverage
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 7
Your Future Coverage
Primary Coverage
Medicare A & B
Additional Coverage (your choice) Medicare Advantage with Prescription Drug (MAPD) OR
Medigap + Prescription Drug
Optional Coverage (your choice)
Dental Plans Vision Plans
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 8
OPTION 1 Medicare Advantage Plan with Prescription Drug Coverage (MAPD)*
* Note that Medicare Advantage plans are generally network based plans.
MEDICARE
ADVANTAGE
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 9
OPTION 2 Medigap Plan + Part D Plan
Note: You may need to pay your first premium when you enroll in coverage.
MEDIGAP PLAN
PART D PLAN
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 10
A Deeper Dive Into Our Process
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 11
Your Experience
Announcement & Education
Evaluation & Enrollment
Ongoing Communications
& Advocacy
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 12
Education
Pre-existing conditions will not limit your plan selection*
Getting Started Guide
* Except end-stage renal disease.
Make your First Contact call
TOLL FREE
1-844-287-9939 medicare.oneExchange.com/mwv
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 13
Education
Prepare for Your Enrollment Consultation l Review Medicare basics l What to expect on your enrollment call
l FAQ’s l Appointment confirmation
Enrollment Guide
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 14
Benefit Advisors
l Licensed / Certified / Appointed l OneExchange University™ l Average age 43
l Objective & unbiased
l 100% domestic workforce
Hours of Operation
Monday – Friday 8 am – 9 pm ET
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 15
Decision Support Tools
l Prescription Profiler
medicare.oneExchange.com/mwv
24/7 access to your information
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 16
l Help Me Choose Comparison Tool
Decision Support Tools
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 17
Enrollment Process
l Benefit Advisors can discuss coverage options with anyone
l Telephonic enrollment – 2 part process
l 100% of calls are recorded
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 18
Selection Confirmation Notice
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 19
Health Reimbursement Arrangement
(HRA)
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 20
What Is An HRA? l Tax-free account used to reimburse you for eligible health care
expenses — you pay first and then get reimbursed
l If you are eligible, MeadWestvaco will make an annual contribution to a Health Reimbursement Account (HRA)
l You may use HRA funding to reimburse yourself for eligible medical, prescription drug, dental premiums ONLY
l Your HRA funding will be available April 1, 2015
2015 HRA will be pro-rated for 9 months (Apr-Dec)
Unused Funds do NOT rollover
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 21
Health Reimbursement Arrangement
Reimbursements are up to the amount
available in the HRA
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 22
Health Reimbursement Arrangement Reimbursement Options
1.
Automatic Reimbursement
[including recurring premiums]
2. Manual
Reimbursement
Reimbursements are up to the amount
available in the HRA
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 23
Medicare Prescription Drug Coverage 2015
Catastrophic Coverage
Coverage Gap
Initial Coverage Deductible
You Pay Full Retail Until Deductible is Met 2015 - $0 to $320
You pay copays for your plan coverage for the first $2960 in actual costs of Medications
You pay 45% of Brand Name and 65% of Generics until your out of pocket costs reach $4700; Pharmaceutical contributions will count towards the $4700 TrOOP
You Pay $2.65 for Generics and $6.60 for Brand Name or 5% - whichever is greater
Only 25% reach Donut Hole
Only 4% reach Catastrophic
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 24
Personal Guidance An Ongoing Advocate
l Navigation
l Enrollment
l Prescription changes
l Affordability concerns
l Reimbursement issues
l Late enrollment
l HRA
l Annual plan review
The plans you select continue on year to year. No need to re-enroll in the fall unless you want to make a plan change.
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 25
Next Steps
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 26
What You Need To Do: Action Required!
Contact OneExchange 1-844-287-9939
l Call now to complete your profile and schedule an enrollment appointment
l You will need your Medicare card, prescription list, and doctor & hospital information
We Are Ready!
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 27
Questions
And
Answers
towerswatson.com © 2014 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 28
Call Now - We Are Ready
1-844-287-9939
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