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2012 Employee Benefits Guide

Employee Benefits Guide - Amazon S3 Benefit... · 2012 Employee Benefits Guide . 2 ... Each employee is a valued member of Myriad Genetics and we ... change form to update your benefits

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2012

Employee Benefits Guide

2

Dear Employee:

We are fortunate to have such a dedicated team of employees here at Myriad who have helped establish Myriad as a leading healthcare company. Recognition for this accomplishment goes to every one of you, and we hope you will find satisfaction and take pride in your work here.

Each employee is a valued member of Myriad Genetics and we care about your success and well being. One of the ways we deliver a better quality of life for employees is through our benefits program. Our comprehensive package of health and welfare benefits includes Medical, Dental, Life and Disability insurance as well as Flexible Spending, Health Savings and Retirement Accounts. We provide generous paid time off, a Wellness and Employee Assistance Program and Education Assistance. Our goal is to provide competitive compensation, enriched benefit programs and an environment that supports a healthy work/life balance.

When planning our 2012 benefits program, we worked hard to deliver the most valuable program possible. We carefully balanced benefits and costs in an effort to ensure the program is affordable for both you and Myriad. During 2012 and beyond, we are asking employees to focus on wellness. Wellness is an interactive process of becoming aware of and practicing healthy choices to create a more successful and balanced lifestyle. This is your opportunity to take a proactive look at your health and we are excited about the opportunities that exist for each of us to pursue a healthier lifestyle. Throughout the coming year, be on the lookout for announcements on how the Company can support you in your pursuit of wellness.

Please take some time to carefully review all the benefit information provided and enroll in the options that are right for you.

Sincerely, Peter D. Meldrum President and CEO, Myriad Genetics, Inc.

2012 Employee Benefits Overview

Questions? Your Human Resources Department will be happy to assist you if you have any questions about your benefits. Please contact Human Resources or visit the website. HR Website

www.MyriadGenetics.benergy.com Username: Myriad Password: benefits

This guide is designed to provide a general overview of your benefits at Myriad Genetics. It is not a contract or an official interpretation of the benefit plans. For more detailed information, please refer to your summary plan descriptions or the legal plan documents. Should any questions or conflicts arise, the plan documents will be the final authority in determining your benefits. Myriad Genetics reserves the right to modify or discontinue the plans at any time. This document was prepared exclusively for employees of Myriad Genetics. Unauthorized reproduction is strictly prohibited.

3

Eligibility You are eligible for benefits if you work 30+ hours per week. Employees will receive benefits the first day of full-time employment, excluding 401(k), Education Assistance and ESPP (provided forms are properly submitted). Employees will receive coverage for dependents; see your summary plan description’s definition of dependent, (children who are less than 26 years of age). Employees hired after the plan year begins will select their coverage choices for the remainder of that plan year at the time of eligibility. All the necessary enrollment and change forms are available through the Human Resources Department.

Benefit Eligibility

Enrollment Changes Generally, you can only change your benefit elections during the annual benefits Open Enrollment period. An exception is made for any Qualified Life event such as:

marriage/divorce birth adoption death change in job status of yourself or your spouse

You must notify Human Resources within 30 days of any qualified Life Event to make changes. Otherwise, you’ll have to wait until the next annual enrollment period. Any changes you make to your benefit choices must be directly related to the Life Event. Proof of the change may be required such as a marriage certificate or birth certificate.

The following events allow you a 60-day special enrollment period to complete and submit a change form to update your benefits outside the open enrollment period:

You or your dependent loses coverage under either a Medicaid plan under Title XIX or under a state child health plan (CHIP) under Title XXI of the Social Security Act due to a loss of eligibility for that program’s coverage.

You or your dependent becomes eligible for premium assistance with respect to the cost of coverage under our group health plan through either a Medicaid plan under Title XIX (such as Utah’s Premium Partnership) or under a state child health plan (CHIP) under Title XXI of the Social Security Act.

4 Medical Benefits

One way your company helps look after the health and welfare of you and your family is with a comprehensive network of doctors offered by your medical plan.

To get the most from your medical benefits during the year, try these tips:

Purchase your maintenance medication through the mail-order program Ask your doctor for the generic equivalent of the brand-name drug prescribed Discuss pill splitting programs with your doctor Visit in-network providers for your care Seek services from urgent care centers on weekends and evenings

Preventive Care Your in-network preventive care is covered at 100% with no copays, coinsurance, or deductibles. Benefits will be covered under the preventive care benefit if services or supplies are in accordance with age limits and frequency guidelines.

Expanded Coverage for Dependents to Age 26 Individuals whose coverage ended, or who were denied coverage (or were not eligible for coverage) because the availability of dependent coverage of children ended before attainment of age 26, are eligible to enroll in health insurance.

Privacy and HIPAA notice This Summary of Privacy Practices summarizes how medical information about you may be used and disclosed in the administration of your claims, and of certain rights you have.

Our Pledge Regarding Medical Information

We are committed to protecting your personal health information. We are required by law to (1) make sure that any medical information that identifies you is kept private; (2) provide you with rights with respect to your medical information; (3) give you a notice of our legal duties and privacy practices; and (4) follow all privacy practices and procedures currently in affect.

How We May Use and Disclose Medical Information About You

We must obtain your written authorization for any use and disclosure of your medical information. We may use and disclose your personal health information without your permission to facilitate your medical treatment, for payment for any medical treatments, and for any other health care operation. We may also use and disclose your personal health information without your permission as allowed or required by law. We cannot retaliate against you if you refuse to sign an authorization or revoke an authorization you had previously given.

Your Rights Regarding Your Medical Information

You have the right to inspect and copy your medical information, request corrections of your medical information and to obtain an accounting of your medical information. You also have the right to request that additional restrictions or limitations be placed on the use or disclosure of your medical information, or that communication about your medical information be made in different ways or at different locations.

5 Medical Benefits

For a complete description of benefits, limitations, and exclusions, consult your Summary Plan Description, available from Human Resources or at www.myuhc.com

UnitedHealthcare Myriad Genetics offers two medical plans through UnitedHealthcare - a PPO plan option and a Consumer Directed Health Plan (CDHP) option. United Healthcare Choice Plus Network.

Coverage Level PerMonth Annual Coverage Level Per

Month Annual

Single $60.00 $720.00 Single $10.00 $120.002-Party $130.00 $1,560.00 2-Party $20.00 $240.00Family $190.00 $2,280.00 Family $30.00 $360.00

Employee ContributionCDHP ($1,500)

Employee ContributionPPO ($500)

Medical BenefitsPPO CDHP

UnitedHealthcareChoice Plus

UnitedHealthcareChoice Plus

UnitedHealthcareChoice Plus

UnitedHealthcareChoice Plus

In-Network Out-of-Network In-Network Out-of-Network

$500/$1,000 $1,000/$2,000 $1,500/$3,000 $3,500/$7,000

$2,500/$5,000 $4,500/$9,000 $2,500/$5,000 $4,500/$9,000

Yes Yes Yes Yes

Unlimited Unlimited Unlimited Unlimited

$15 copay 30% AD 10% AD 35% AD

$20 copay 30% AD 10% AD 35% AD

$15 copay 30% AD 10% AD 35% AD

Covered 100%15% AD

30% AD30% AD

10% AD10% AD

35% AD35% AD

$15 / $20 / $40 $10 AD / $30 AD / $50 AD

$20 / $30 / $50 $25 AD / $75 AD / $125 AD

15% AD 30% AD 10% AD 35% AD

$15 copay 30% AD 10% AD 35% AD

15% AD 30% AD 10% AD 35% AD

$150 copay $150 copay 10% AD 10% AD

15% AD 15% AD 10% AD 10% AD

15% AD 30% AD 10% AD 35% AD

$15 copay 30% AD 10% AD 35% AD

15% AD 30% AD 10% AD 35% AD

15% AD 30% AD 10% AD 35% ADAD = After Deductible1 Preauthorization is required

Durable Medical EquipmentSome limitations apply

Professional Services 1

Surgery, major diagnositc procedures and therapeutic injections

Office Visits - Secondary Care Provider (SCP)Each office visit - For illness or injury

Mail Order90 day supply

Emergency Room

Outpatient Facility and Ambulatory Surgical 1

Mental Health and Chemical DependencyEach office visitLaboratory & Radiology ServicesMinor (in office)Major

Urgent Care

Outpatient Services

Spinal Manipulation - Chiropractic 1

Some limitations apply

Outpatient Rehabilitation Services: Physical, Speech, Occupational 1

Some limitations apply

Medical, Surgical and HospiceInpatient Services

Ambulance Services - Emergencies Only

Office Visits - Primary Care Provider (PCP)Each office visit - For illness or injury

Covered Medical Services

Calendar Year Out-of-Pocket MaximumPPO = Individual/Family ; CDHP = Single/Family

Lifetime Maximum Benefit

Calendar Year DeductiblePPO = Individual/Family ; CDHP = Single/Family

Deductible included in the Out-of-Pocket Maximum

PharmacyRetail30 day supply

30% ADPreventive Care Covered 100%(deductible waived) 35% ADCovered 100%

(deductible waived)

6

Medical Benefits Altius Myriad Genetics offers two medical plans through Altius - a PPO plan option and a Consumer Directed Health Plan (CDHP) option. Altius Health Plans Peak Plus Network.

For a complete description of benefits, limitations, and exclusions, consult your Summary Plan Description, available from Human Resources or at www.ahplans.com

Coverage Level PerMonth Annual Coverage Level Per

Month Annual

Single $60.00 $720.00 Single $10.00 $120.002-Party $130.00 $1,560.00 2-Party $20.00 $240.00Family $190.00 $2,280.00 Family $30.00 $360.00

Employee ContributionCDHP ($1,500)

Employee ContributionPPO ($500)

Medical BenefitsPPO CDHP

Altius Altius Altius Altius

In-Network Out-of-Network In-Network Out-of-Network

$500/$1,000 $1,000/$2,000 $1,500/$3,000 $3,000/$6,000

$2,000/$4,000 $3,000/$6,000 $2,500/$5,000 $4,500/$9,000

No No Yes Yes

Unlimited Unlimited Unlimited Unlimited

$15 copay 30% AD 10% AD 30% AD

$20 copay 30% AD 10% AD 30% AD

$20 copay 30% AD 10% AD 30% AD

Covered 100%15% AD

30%AD30% AD

10% AD10% AD

30% AD30% AD

30% AD

$15 / $20 / $40 Not Covered $10 AD / $25 AD / $50 AD Not Covered

$20 / $30 / $50 Not Covered $30 AD / $75 AD / $150 AD Not Covered

15% AD 30% AD 10% AD 30% AD

$20 copay $40 copay 10% AD 30%After In-Network Ded

15% AD 30% AD 10% AD 30% AD

$150 copay $150 copay 10% AD 10% AD

15% AD 30% AD 10% AD 10% AD

15% AD 30% AD 50% AD 50% AD

15% AD 30% AD 10% AD 30% AD

$20 copay Not Covered 10% AD Not Covered

15% AD 30% AD 10% AD 30% ADAD = After Deductible1 Preauthorization is required

Durable Medical EquipmentSome limitations apply

Professional Services 1

Surgery, major diagnositc procedures and therapeutic injections

Office Visits - Secondary Care Provider (SCP)Each office visit - For illness or injury

Mail Order90 day supply

Emergency Room

Outpatient Facility and Ambulatory Surgical 1

Mental Health and Chemical DependencyEach office visitLaboratory & Radiology ServicesMinor (in office)Major

Urgent Care

Outpatient Services

Spinal Manipulation - Chiropractic 1

Some limitations apply

Outpatient Rehabilitation Services: Physical, Speech, Occupational 1

Some limitations apply

Medical, Surgical and HospiceInpatient Services

Ambulance Services - Emergencies Only

Office Visits - Primary Care Provider (PCP)Each office visit - For illness or injury

Covered Medical Services

Calendar Year Out-of-Pocket MaximumPPO = Individual/Family ; CDHP = Single/Family

Lifetime Maximum Benefit

Calendar Year DeductiblePPO = Individual/Family ; CDHP = Single/Family

Deductible included in the Out-of-Pocket Maximum

PharmacyRetail30 day supply

Preventive Care Covered 100%(deductible waived)

Covered 100%(deductible waived) 30% AD

7

Flexible Spending Account (FSA)

Health Care FSA Employees can set aside up to $3,000 in a flexible spending account on a pre-tax basis to pay for certain health care expenses. This allows you to lower your taxable income and increase your take home pay. You may participate by electing an annual amount during the enrollment period. This amount cannot be changed during the year unless you experience a qualified life event.

The key to using a flexible spending account is figuring out how much to contribute on an annual basis. If you contribute less than the amount of your actual eligible expenses, you miss out on some tax savings opportunities, however, if you contribute more than the amount of your actual eligible expenses you may lose that money as it does not roll over year to year. FSA’s are best for known expenses such as maintenance medications, recurring medical visits, dental expenses and known surgeries.

Dependent Care FSA All benefit eligible employees are eligible to participate in the dependent care savings account and can defer up to $5,000 per year ($2,500 per year if married filing taxes separately).

Covered expenses include dependent care expenses for your children and or other eligible dependents so that you (or you and your spouse, if you are married) can work. Your spouse must work or attend school full-time for your expenses to be eligible. An eligible dependent is a child under age 13 or any dependent who is incapable of self-care, whom you claim on your tax return.

Without Flexible Spending

With Flexible Spending

$20,000 $20,000

$0 $2,500

$20,000 $17,500

Less Taxes, FICA $4,600 $3,850

$2,500 $0

Spendable Income $12,900 $13,650

$0 $750

After-Tax Expenses for Health/Dependent Care

Your Savings with Flexible Spending

Example of Savings Using a Flexible Spending Account

Gross Income

Pre-Tax Expenses for Health/Dependent Care

Taxable Income

FSA and HSA Reimbursements for Over-the-Counter Medications

As of January 1, 2011, over-the-counter medications that are not prescribed by a physician (except insulin) will not be considered a qualified medical expense under the health care FSA or HSA.

8

Health Savings Account (HSA)

Annual Employer HSA Contribution:

Single - $500 Family - $1,000

*Employer contributions will be distributed in January 2012

Consumer Directed Health Plan (CDHP) If you chose the CDHP plan you qualify to take advantage of HSA Benefits. A Health Savings Account is a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. You own and you control the money in your HSA. As your account balance grows, you may also decide what types of investments to make with the HSA money.

You and/or your employer may contribute to your HSA, up to the legal maximum. In 2012, the maximum annual contribution for individuals set by the IRS is $3,100, and the maximum family contribution is $6,250. (Catch-up contribution for individuals who are 55 years or older is an additional $1,000).

What You Can Do With Your HSA Pay qualified health care expenses – Use the HealthEquity online PayChoice payment platform at MyHealthEquity.com to pay for qualified health care expenses. You can use your debit card, request a check by phone or online, or transfer funds online.

Save money for future medical expenses – You may not have significant health care expenses every year, but saving the maximum amount every year helps you build a sizeable nest egg for when you’re faced with larger financial needs. And that money is never taxed at the federal level when you use it to pay for qualified medical expenses.

Save for post-retirement expenses – Once you reach age 65, you can use your HSA funds to pay for anything you wish. Qualified medical expenses are still not taxed; any other expenses are subject to tax but not penalties.

Your HSA is your money. Whatever you don’t spend in a given year rolls over in the next. If you change jobs or retire, the money goes with you.

You can change your HSA contribution amount at any time during the year by contacting Human Resources.

Employer Contribution In 2012, Myriad Genetics will contribute $500 for employee only coverage and $1,000 for employee plus one or family coverage into your Health Savings Account.

* You must use your entire 2011 Health Care FSA balance prior to contributing to an HSA in 2012. For those employees hired 7/1/12 - 12/31/12 Myriad will contribute $250 for single coverage and $500 for family coverage.

9 Dental

Dental – Delta Dental Everyone deserves a healthy smile. Keep your family smiling with affordable dental coverage that makes it easy to visit your dentist for regular cleaning and preventive care.

To locate a provider in your area go to www.deltadentalins.com and select the Delta Dental PPO plan.

Dental BenefitsDelta Dental

PPO NetworkNetwork Non-Network*

$50 $50

$1,500 $1,500

$1,000 $1,000

$2,000 $2,000 Types of Dental Care - Amount the Plan Pays

100%(deductible waived)

100%(deductible waived)

100% AD 100% AD

50% AD 50% AD

50% 40%

* Non-Network fees are based on the network fee scheduleAD = After deductible

Orthodontic Lifetime Maximum

Annual DeductiblePer Individual

Type D -OrthodonticsChildren to age 26

Type C -Major Services(Crowns, dentures)

Type B - Basic Services(Fillings, periodontics, root canals, extractions)

Annual MaximumPer Individual

Type A - Preventive & Diagnostic(Exams, cleanings, x-rays)

Orthodontic Annual Maximum

Coverage Level PerMonth Annual

Employee Only $3.00 $36.002-Party $6.00 $72.00Family $10.00 $120.00

Employee Contribution

Dental

10

Vision

Vision - UnitedHealthcare The vision plan includes benefits for eye exams, eyeglasses, and contact lenses. You may visit any vision provider within the vision network and take advantage of higher benefits coverage. Out-of-network services are also available at reduced benefits.

Finding a Provider:

1. Go to www.myuhcvision.com 2. Click on “Provider Locator” 3. Select Current Member OR Future Member 4. Enter search criteria, click “Submit” for a list

Coverage Level PerMonth Annual

Employee Only $5.60 $67.202-Party $9.82 $117.84Family $16.16 $193.92

Vision

Employee Contribution

1Participant pays the full fee to the provider, and UHC Vision reimburses the customer for services rendered up to a maximum allowance. All receipts must be submitted at the same time. Copays do not apply to out of network benefits.

Vision BenefitsUnitedHealthcare

In-NetworkMember pays:

Out-of-Network 1

Reimbursement:$15 Copay Up to $40

$30 Copay N/APrescription Lenses

Single VisionLined Bifocal

Lined Trifocal(Includes Standard Scratch Coating)

Standard FramesChoose One:

Up to $50 Up to $45

Up to $130 Up to $45Contact Lenses (In Lieu of Lenses and Frames)

$105 applied to total cost Up to $105

Covered 100% Up to $210Frequency

Once Every 12 Months

Once Every 24 Months

Eye Exam (Once Every 12 Months)

Materials (Frames/Lenses)

Covered 100%

Exam, Lenses, or Contacts

Up to:$40 / $60 / $80 / $80

Frames

Retail Allowance (Private Practice)

Retail Allowance (Chain Stores)

Conventional / Disposables

Medically Necessary

11

Basic Life/AD&D Basic Life/Accidental Death & Dismemberment (AD&D), Short-Term Disability (STD) and Long-Term Disability (LTD) Insurance is provided to eligible employees at no cost.

Life/Accidental Death & Dismemberment (AD&D)

Voluntary Supplemental Life/AD&D Supplemental Life Insurance for yourself, your spouse and your child(ren) is also available, but is paid for entirely by you on an after-tax basis through pay roll deductions. All new employees and their family members are guaranteed coverage up to the guarantee issue (GI) amount without evidence of insurability (EOI). If you do not enroll yourself and your dependents for coverage the first time you are eligible, you will have to provide proof of good health, which may include a physical exam at your expense. Coverage is portable.

Age Band Employee / Spouse

Under 30 $0.0830-34 $0.1035-39 $0.1240-44 $0.1745-49 $0.2350-54 $0.3855-59 $0.7560-64 $0.9565-69 $1.6070+ $3.53

Coverage Amount Cost$2,000 $0.24 Per Family$4,000 $0.48 Per Family$6,000 $0.72 Per Family$8,000 $0.96 Per Family$10,000 $1.20 Per Family

Dependent Child Monthly Rates(Regardless of Number of Children)

Voluntary Life, AD&DRates listed per $1,000 of Coverage

Life / AD&DEmployee $50,000

Spouse $2,000Child(ren) - 14 days to age 19 $2,000

Age Reduction Reduces by 35% at age 65 and an additional 15% at age 70

Same as Basic Life

You may purchase additional life insurance in increments of $10,000 with a minimum of $10,000 up to $500,000 not to exceed 5 times your annual earnings

Guarantee Issue: $150,000 at initial opportunity to enroll, thereafter Evidence of Insurability will be required

You may purchase additional spousal insurance in increments of $5,000 with a minimum of $5,000 up to 50% of the employee's Supplemental coverage not to exceed

$100,000Guarantee Issue: $25,000 at initial opportunity to enroll, thereafter Evidence of

Insurance will be requiredVoluntary Child Insurance is available with a minimum of $2,000 to a maximum

$10,000Guarantee Issue: $10,000

Benefit amount is the same as Voluntary Life

Basic Life

Voluntary AD&D

Accidental Death and Dismemberment

Voluntary Employee Life

Voluntary Spouse Life

Voluntary Child Life

12

Short-Term Disability (STD) & Long-Term Disability (LTD) Providing economic security for you and your family if you become disabled or experience an injury or illness is a major consideration in personal financial planning. Myriad Genetics provides you with benefits to help at no cost to you.

Disability coverage is important because anyone at any age may become injured or ill for an extended period of time. If you’re unable to work due to a sickness or injury, disability income insurance can help you meet expenses and maintain your standard of living. It can help you pay bills like your mortgage, tuition and car payments, and help cover expenses for food, clothing and utilities. Long Term Disability works with Social Security by replacing a portion of your income. Disability income insurance can help provide financial security until you get back on your feet and return to work.

Disability Insurance

Maternity PTO Myriad Genetics offers an additional PTO benefit for employees taking maternity leave. If you are pregnant, contact Human Resources to ensure you understand the benefits available to you.

Additional 4-6 weeks paid at 50% of monthly earnings (maximum 11 weeks combined STD and Maternity PTO)

Additional 4-6 weeks paid at 70% of monthly earnings (maximum 11 weeks combined STD and Maternity PTO)

1 + years of service

Maternity PTOLess than 1 year of service

70% of weekly earnings to a maximum of $2,000 per week

60% of monthly earnings to a maximum of $12,000 per month

Long Term Disability - 90 Day Elimination Period, Benefit up to age 65 or Social Security Normal Retirement Age

Short Term Disability - Benefits commence on the 8th Day of illness or injury, up to a 13 week duration

Short & Long Term Disability

13

Employee Assistance Program (EAP) We understand that personal and family problems can impact your life both at home and at work. So to assist you and your family in getting the assistance you need, we offer an Employee Assistance Program (EAP) to employees and their immediate family members.

Health Advocate Health Advocate is your lifeline for navigating the healthcare and insurance maze. This benefit will help you maximize your healthcare benefits at no cost to you. It is a comprehensive service that will help you and your family with clinical and administrative issues involving your medical, hospital, vision, dental, pharmacy and other healthcare needs.

Health Advocate Can Help You… Understand your benefits Resolve claims issues Help you understand tests, treatments and medications Navigate healthcare issues Make doctors appointments Find qualified doctors and hospitals Arrange for home care Save you time and money And…much more!

How does it work? If you have a healthcare or insurance issue you need help with, just call the special toll-free Health Advocate telephone number 1-866-695-8622. The first time you call you will speak with a Personal Health Advocate (PHA) who then personally helps you with your issue.

Your Privacy is Protected The Health Advocate staff is specially trained to handle each case with the utmost confidentiality. They follow careful protocols that comply with all governmental privacy standards to ensure that your medical and personal information is fully protected and held confidential.

Employee Assistance Program (EAP) and Health Advocate

EAP Through UHC All UHC members get the following EAP benefits free by calling 1-888-887-4114:

Telephonic Counseling Up to three (3) face-to-face visits

per incident Nurseline

EAP Through Altius All Altius members get the following EAP benefits free by calling 1-800-492-4357 or by visiting www.mhnet.com:

Telephonic Counseling Up to three (3) face-to-face visits

per incident

14

401(k) Retirement Plan

Myriad Genetics is pleased to offer a 401(k) retirement plan to all eligible employees through Fidelity Investments. Myriad Genetics offers both a Traditional 401(k) and Roth 401(k). Below is a brief overview of the plans.

You are eligible to participate in the Plan if:You are employed by Myriad GeneticsYou are at least 21 years old.Contributions are made on a pre-tax basisOn withdrawal: entire distribution is taxable

Roth 401(k) Contributions are made on an after-tax basisOn withdrawal: qualified distributions are tax free

Enrollment Effective Dates Employees are eligible to participate in the Plan on January 1, April 1, July 1, or October 1

Through automatic payroll deduction, you may contribute between 1% and 50% of your eligible pay up to the annual IRS dollar limit. You may change your deferral percentage anytime. If you are age 50 or over and have reached the annual IRS limit or Plan's maximum contribution limit for the year you may make addit ional salary deferral contributions to the Plan up to the IRS Catch-up limit.Myriad Genetics will make matching contributions in an amount equal to 50% up to 8% of your eligible contribution. To be eligible for matching contributions you are required to make employee deferral contributions.

You may be permitted to roll over assets into the Plan from a pervious employer's retirement Plan or an IRA. To complete a rollover in the Plan follow these easy steps:

Contact your prior Plan provider to request a rollover distribution

Rollover check issued should be made payable to Fidelity Management Trust Company as trustee for the benefit of (FBO): your name and sent to you

Complete the Fidelity Advisor Rollover contribution form provided by Myriad Genetics

Return both the Fidelity Advisor Rollover contribution form and the check from your prior Plan to your current Plan Administrator so they may authorize the contribution

All of your and your Employer Matching 401(k) Contributions, the earnings, and all of your Rollovers Contributions are 100% vested.You may withdraw money from your 401(k) for any reason after you reach age 59 1/2 and withdrawals are allowed at any time for hardship reasons (specifically noted in the plan summary). You may be subject to a fee if you withdraw before age 59 1/2. Your benefits will be taxed upon withdrawal.

Employee Contributions

Rollovers

Vesting Schedule

Withdrawals & Taxation

Employer Matching Contributions

401(k) Retirement Plan

Eligibility

Traditional 401(k)

15

Holiday Schedule

Personal Time Off (PTO)

Myriad Genetics recognizes the following 13 Paid Holidays every year:

New Year’s Day, President’s Day, Good Friday, Martin Luther King, Jr. Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Thanksgiving – day after, Christmas Eve, Christmas Day, New Year’s Eve, Pioneer Day (Floating Holiday)

Full-time employees receive the first 40 hours of their annual PTO hours within the first pay period of employment. You may accumulate a maximum of 1.5 times your annual PTO accrual. No negative balances are allowed. PTO hours are paid out at termination of employment (pro-rated if within 1st year). After 5 years of service, employees are also granted paid time off between Christmas and New Years of each year.

Years of Employment Annual Accrual

0 - 5 120 hours (15 days)

6 - 10 160 hours (20 days)11 - 15 200 hours (25 days)

15+ 240 hours (30 days)

Paid Time Off (PTO)

Incentive Stock Options & Employee Stock Purchase Plan Incentive Stock Options are awarded to eligible employees based on the discretion of Myriad Genetics Management. Through the Employee Stock Purchase Plan employees are able to purchase Myriad Genetics Common Stock, at a discount, using payroll withholdings. To be eligible to participate, employees must be employed at least three (3) consecutive months prior to June 1st and December 1st every year.

Education Assistance Myriad Genetics offers a program of tuition reimbursement for full-time employees wishing to continue their professional development through formal education. Employees who have completed 6 months of service are eligible to apply. Courses must be related to your employment with Myriad Genetics and approved in advance. Reimbursement is allowed for up to one course per semester up to a maximum of 3 courses per year.

Maximum Reimbursement Amounts: $1,200 Per Course - $2,400 Per Calendar Year.

MetLife Auto & Home Insurance Employees of Myriad Genetics can receive special savings on auto, home and recreational vehicle insurance policies. With little effort, employees can easily optimize their employee benefits at work, while enjoying the convenience of payroll deduction and special group rates.

Length of Service Awards The purpose of these awards is to recognize the dedication and contributions of employees who have attained length of service milestones with Myriad Genetics. Employees who meet 5, 7, 10 & 15 year of service with Myriad Genetics are eligible for an award. Please contact Human Resources for more information.

16

Oracle Applications Myriad Genetics recognizes that our employees’ time is valuable and provides self-service tools to efficiently manage information. Through Oracle Applications employees may:

Expenses: submit eligible expenses for reimbursement Requisitions: order necessary supplies for your department Timecard: submit timesheet to payroll Your HR Information: update your home address, home phone, work phone/location,

direct deposit, and tax exemptions Benefits: view benefit elections, dependent and beneficiary information

New employees will be provided login information to access these applications within the first weeks of employment.

Payroll Myriad Genetics’ payroll schedule is based on a semi-monthly calendar. Payday typically occurs on the 5th and 20th of each month (this can vary due to Holidays). Myriad Genetics pay periods run from the 1st through the 15th and the 16th through the end of every month. Submitting your timesheet on the due date is each employee’s responsibility. Please see the annual Payroll Schedule for timesheet due dates.

Myriad Genetics takes advantage of the Ipay program with ADP, which allows you to view your paystubs through a secure website, versus a printed document. It is important that you register for Ipay when you receive your first paycheck, as statements are only printed the first two pay periods of your employment. To verify your identity, Ipay requires you to provide information from your current paystub to register. You can find the Ipay registration link on Myriad Genetics’ intranet page under Quicklinks. Your paystub contains useful information like your current PTO balance, benefit deductions, year-to-date amounts, and federal/state exemptions claimed. You are strongly encouraged to verify the accuracy of the information on your paystub.

17 Important Notices

Medicare Creditable Coverage Notice Please read this notice carefully and keep it where you can find it. This notice has information about your current prescription drug coverage with Myriad Genetics and about your options under Medicare’s prescription drug coverage. This information can help you decide whether or not you want to join a Medicare drug plan. If you are considering joining, you should compare your current coverage, including which drugs are covered at what cost, with the coverage and costs of the plans offering Medicare prescription drug coverage in your area. Information about where you can get help to make decisions about your prescription drug coverage is at the end of this notice. There are two important things you need to know about your current coverage and Medicare’s prescription drug coverage:

1. Medicare prescription drug coverage became available in 2006 to everyone with Medicare. You can get this coverage if you join a Medicare Prescription Drug Plan or join a Medicare Advantage Plan (like an HMO or PPO) that offers prescription drug coverage. All Medicare drug plans provide at least a standard level of coverage set by Medicare. Some plans may also offer more coverage for a higher monthly premium.

2. Myriad Genetics has determined that the prescription drug coverage offered in 2012 is, on average for all plan participants, expected to pay out as much as standard Medicare prescription drug coverage and is therefore considered Creditable Coverage. Because your existing coverage is Creditable Coverage, you can keep this coverage and not pay a higher premium (a penalty) if you later decide to join a Medicare drug plan.

When Can You Join A Medicare Drug Plan? You can join a Medicare drug plan when you first become eligible for Medicare and each year from October 15th through December 7th. However, if you lose your current creditable prescription drug coverage, through no fault of your own, you will also be eligible for a two (2) month Special Enrollment Period (SEP) to join a Medicare drug plan.

What Happens To Your Current Coverage If You Decide to Join a Medicare Drug Plan? If you decide to join a Medicare drug plan, your current Myriad Genetics coverage will not be affected. If you do decide to join a Medicare drug plan and drop your current Myriad Genetics coverage, be aware that you and your dependents will not be able to get this coverage back.

When Will You Pay A Higher Premium (Penalty) To Join A Medicare Drug Plan? You should also know that if you drop or lose your current coverage with Myriad Genetics and don’t join a Medicare drug plan within 63 continuous days after your current coverage ends, you may pay a higher premium (a penalty) to join a Medicare drug plan later. If you go 63 continuous days or longer without creditable prescription drug coverage, your monthly premium may go up by at least 1% of the Medicare base beneficiary premium per month for every month that you did not have that coverage. For example, if you go nineteen months without creditable coverage, your premium may consistently be at least 19% higher than the Medicare base beneficiary premium. You may have to pay this higher premium (a penalty) as long as you have Medicare prescription drug coverage. In addition, you may have to wait until the following October to join.

Call your State Health Insurance Assistance Program (see a copy of the Medicare & You Handbook for the telephone number).

Call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048.

18 Important Notices

When Will You Pay A Higher Premium (Penalty) To Join A Medicare Drug Plan? (cont.) For people with limited income and resources, extra help paying for a Medicare prescription drug plan is available. Information about this extra help is available from the Social Security Administration (SSA). For more information about this extra help, visit SSA online at www.socialsecurity.gov or call 1-800-772-1213 (TTY 1-800-325-0778).

Remember: Keep this notice. If you enroll in a Medicare prescription drug plan after your applicable Medicare enrollment period ends, you may need to provide a copy of this notice when you join a Part D plan to show that you are not required to pay a higher Part D premium amount.

For more information about this notice or your prescription drug coverage, contact:

Sara Snell – Human Resources

(801) 584-3710

Newborns’ and Mothers’ Health Protection Act The Newborns’ and Mothers’ Health Protection Act of 1996 (NMHPA) affects the amount of time you and your newborn child are covered for a hospital stay following childbirth. In general, health insurers may not restrict benefits for a hospital stay in connection with childbirth to less than 48 hours following a vaginal delivery or 96 hours following a delivery by cesarean section.

If you deliver in the hospital, the 48-hour (or 96-hour) period starts at the time of delivery. If you deliver somewhere other than the hospital and you are later admitted to the hospital in connection with the childbirth, the period begins at the time of admission.

Also, a health insurer cannot require you or your attending provider to obtain prior authorization for your delivery or show that the 48-hour (or 96-hour) stay is medically necessary.

Women’s Health and Cancer Rights Act If you have had or are going to have a mastectomy, you may be entitled to certain benefits under the Women’s Health and Cancer Rights Act of 1998 (WHCRA). For individuals receiving mastectomy-related benefits, coverage will be provided in a manner determined in consultation with the attending physician and the patient, for:

All stages of reconstruction of the breast on which the mastectomy was performed; Surgery and reconstruction of the other breast to produce a symmetrical appearance; Prostheses; and Treatment of physical complications of the mastectomy, including lymphedema.

Special Enrollment Rights Notice If you have declined enrollment in Myriad Genetics’ health plan for you or your dependents (including your spouse) because of other health insurance coverage, you or your dependents may be able to enroll in some coverage under this plan without waiting for the next open enrollment period, provided that you request enrollment within 30 days after your other coverage ends. In addition, if you have a new dependent as a result of marriage, birth, adoption, or placement for adoption, you may be able to enroll yourself and your dependents, provided that you request enrollment within 30 days after the marriage, birth, adoption, or placement for adoption.

As of April 1, 2009, Myriad Genetics will also allow a special enrollment opportunity if you or your eligible dependents either:

lose Medicaid or Children’s Health Insurance Program (CHIP) coverage because you are no longer eligible, or

become eligible for a state’s premium assistance program under Medicaid or CHIP. To request special enrollment or obtain more information, contact human resources.

19

Key Contacts

Phone Web Human Resources - Myriad GeneticsSara Snell - Benefits Manager 801-584-3710 [email protected]

Medical - UnitedHealthcareCustomer Service 866-633-2446 www.myuhc.comUnited Behavioral Health 800-582-8220EAP 888-887-4114Medical - AltiusCustomer Service 800-377-4146

801-323-6200 www.ahplans.com

EAP 800-492-4357 www.mhnet.com

Dental - Delta DentalCustomer Service 800-422-4234 www.deltadentalins.com

Life, AD&D, Disability - Lincoln FinancialCustomer Service See HR www.lfg.com

Vision - UnitedHealthcareCustomer Service 800-638-3120 www.myuhcvision.com

MGIS - Flexible Spending AccountCustomer Service 866-We-R-Flex

866-937-3539 www.wercdh.com

HealthEquity - Health Savings AccountCustomer Service 866-346-5800 www.healthequity.com

Health AdvocateCustomer Service 866-695-8622 [email protected]

www.healthadvocate.com

401(k) - Fidelity InvestmentsCustomer Service 800-294-4015 www.401kexpress.com

Auto & Home - MetLifeCustomer Service 800-GET-MET8

800-438-6388

This Employee Benefit Guide highlights some of your Myriad Genetics benefit plans. Your actual rights and benefits are governed by the official plan documents. If any discrepancy exists between this communication and the official plan documents, the plan documents will prevail. Myriad Genetics reserves the right to change any benefits plan without notice. Benefits are not a guarantee of employment.