Mercury Insurance - mymercurybenefits.com · Mercury Insurance Benefits Summary ... Greatly assist...

Mercury Insurance Benefits Summary

2017 Road to Workplace Wellbeing…

Bringing It All Together:

Health – Physical / Mental

Financial – Near Term / Long Term

2

Financial Wellbeing

3

Protecting Income

Controlling Expenses

Minimizing Taxes

Financial Planning

Growing Assets

Protecting Assets

Increasing Net Worth

Preparing for current and future financial needs:

Enhancing Cash Flow

4

Discussion Today

Understanding All Benefits Available

What are the right benefits for me?

Which ones do I need?

Which ones do I want?

Where do I start?

Discussion Today

5

Rank in Order of Importance for You

__ Company Wellbeing Program

__ Basic Life Insurance

__ Basic AD & D Insurance

__ Disability Insurance

__ Employee Assistance Program

__ Health Advocate

Mercury-Paid Benefit

__ Medical

__ Dental

__ Vision

__ 401(K) Plan

__ Health Savings Account

Mercury Shared Cost

__ Pre-Paid Legal

__ Critical Illness

__ Accident Insurance

__ Hospital Indemnity

__ Supplemental Life Insurance

__ Supplemental AD&D

__ Health Care Flex Spending

Account

__ Dependent Care Flex Spending

Account

__ Pet Insurance (discount)

__ College America – 529 College

Savings Program (NEW!)

Employee Paid

6

Life Insurance

401k

Health Savings

What Are Your Biggest Risks Today? Tomorrow?

An arrangement or agreement that protects someone from incurring future losses, as from damage, theft, illness, or death, especially a contract that transfers the risk of a specified loss to another party in exchange for the payment of a premium.

Insurance Definition:

Medical

Dental

Vision

Health Savings

Life Insurance

Short Term Risks Intermediate Term Risks Long Term Risks

Possible Priority # 1 - Medical

Risk: Short…Intermediate…Long

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Aim higher with Blue Shield

• Large networks mean you’ll find doctors you like close to home or work

• Collaboration with doctors and hospitals to deliver “accountable care”--you benefit from combined knowledge and expertise

• As a mission-driven nonprofit we’re reforming the system with an eye on quality and affordability

High performance

• Care programs to improve and maintain your health no matter what your health status

• Customized care programs for members with complex or advanced conditions based on needs and preferences – not “factory medicine”

• With TRIO HMO, you get Shield Concierge— an enhanced 360-degree high touch customer support team, all at one phone number

High touch

• Web site / mobile app provide suite of 24/7 resources to simply, conveniently manage your family’s health care

• Teladoc health video/phone visits that bring care to you

• Proven digital wellness programs that let you connect with family and friends

High technology

• Discounted gym memberships and wellness services to encourage healthier lifestyles and make your health care dollars go further

• Access to retail health clinics and pharmacy services offer more choices/less expensive service options

• Online treatment cost estimator, NurseHelp 24/7 and LifeReferrals 24/7 and AllClear ID theft protection

High value

9

Find a doctor close to home or work

Our HMO network Our PPO network BlueCard® network

44,000+ physicians

325 hospitals

Trio HMO available in 24 counties in

California and

growing

75,000+ doctors

4,500 chiropractors

5,000 physical therapists

380 hospitals

Access to urgent

and emergency care

worldwide

10

PPO $aver and Super $aver Plans

A good choice if you’d like…

Lower monthly premiums and access to our largest provider network.

• Ability to put aside tax-free money for qualified medical expenses

• HSA funds roll over and are portable; must be used for qualified medical expenses

• Integrated program with Blue Shield and Health Equity

Access to our largest provider network and the flexibility to choose any doctor or specialist.

• Visit any physician or hospital in the PPO network, or go outside the network for a higher share of cost

• NurseHelp 24/7 and LifeReferrals 24/7 telephone support

• Teladoc 24/7 phone/video doctor visits for low copay

• Access to retail health clinics (CVS Minute Clinics)

• Digitally enabled wellness programs and member support, including treatment cost estimator

• Covered urgent and emergency care while traveling

PPO

Savings

Plan

PPO

Savings

Plan

11

Medical – PPO $aver Plan Highlights

*This is just a summary of some examples of covered services and their corresponding copay and coinsurance amounts. Please see your Evidence of Coverage for information about coverage, limitations, and exclusions for all benefits, including those not listed in this summary.

Benefits and Covered Services Preferred providers Non-preferred providers

Annual Deductible $1,500 Individual / $2,700 Individual in Family / $3,000 Family

Calendar Year Out-of-Pocket Maximum

$4,500 Individual / $,4500 Individual in Family / $6,850 Family

You pay

Office visits 20% 40%

Inpatient hospital 20% 40% (up to $600 per day)

Outpatient services 20% 40% (up to $350 per day)

Ambulance services 20% 20%

Emergency services 20% 20%

Retail Pharmacy $10/$30/$50 25% + each tier copayment

Mail Order Pharmacy $20/$60/$100 Not covered

Specialty Drugs 30% up to $200 (maximum

increases to $400 for mail order) 25% of purchase price +

30% up to $200

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Medical – PPO Super $aver Plan Highlights


Benefits and Covered Services Preferred providers Non-preferred providers

Annual Deductible $3,000 Individual / $3,000 Individual in Family / $6,000 Family


$5,000 Individual $5,000 Individual in Family

$10,000 Family

$10,000 Individual $10,000 Individual in Family

$20,000 Family

You pay

Office visits 30% 50%

Inpatient hospital 30% 50% (up to $600 per day)

Outpatient services 30% 50% (up to $350 per day)

Ambulance services 30% 30%

Emergency services 30% 30%

Retail Pharmacy $10/$30/$50 25% + each tier copayment

Mail Order Pharmacy $20/$60/$100 Not covered

Specialty Drugs (retail only) 30% up to $200 (maximum

increases to $400 for mail order) 25% of purchase price +

30% up to $200

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Health Savings Account (HSA)

Set aside pre-tax funds to pay for qualified

medical expenses • Contribute with pre-tax dollars

• HSA balances roll over from year to year, and are portable—you

take it with you if you leave your job or retire

• Combine an HSA with our Shield Savings Plus plans

Simplify HSA management by setting up an account with HealthEquity to manage health plan and financial accounts in an integrated member portal

• Simplified account set-up • One location to manage member account(s), contributions &

payments • Online reporting and tracking • Live 24/7 member support

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Two parts: Health plan + savings account

• HSA-qualified plan through insurance

• Preventative services covered at 100%

• Office visit, Rx, deductible, copays and coinsurance ALL count towards out-of-pocket maximum

• HSA through HealthEquity

• Tax-free savings for medical expenses

• Works in conjunction with the HSA-powered plan

Health plan Health savings account

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Why choose an HSA?

Easy win in today’s complex health care system

* Source: Fidelity http://www.fidelity.com/inside-fidelity/employer-services/fidelity-analysis-reveals-extra-health-care

Save now: • Lower monthly insurance premiums

• HSA deposits aren’t taxed (except for CA & NJ state tax)

• Typically lowers income tax liability

Save for the future:

• The average retired couple will need $245,000 to cover medical expenses not covered by Medicare in retirement*

• HSA funds roll over from year to year

• You keep the money even if you change jobs or insurance plans

• Tax-free interest earned

• Comprehensive and easy investment options

Same doctors, same network, same pricing

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Maximize your savings

*Based on 30% tax rate. Actual results may vary.

Don’t leave money on the table for the IRS

Maximize your HSA contributions in 2018:

• Single-coverage: $3,450 Save up to $1,035 in taxes!*

• Family-coverage: $6,900 Save up to $2,070 in taxes!*

• Catch-up contribution, age 55+ $1,000

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Voluntary Options to Supplement Medical Coverage

Provides a financial gap for the high deductible medical plans

Offers affordable protection that pays a lump sum cash benefit with no copays or deductibles

Provides a valuable financial safety net for you and your family

Proceeds can be used for expenses such as childcare, travel to and from the doctor or loss of spousal income

“Accidental Injury, the saving account you can afford to buy!”

Accidental Injury Insurance

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ACCIDENTAL INJURY INSURANCE Family Coverage Example of Select Benefits

Plan 1 Plan 2 Plan 3

Cost for Family Coverage

Bi-Weekly $12.25 $22.70 $32.72

Annual $294.00 $544.80 $785.28

Benefit

Hospital Admission $500 $1,000 $1,500

Hospital Stay $100/day $200/day $300/day

Emergency Care Treatment $100 $200 $300

Hip or Thigh Fracture** $1,000 $2,000 $3,000

Upper Arm or Leg Fracture** $500 $1,000 $1,500

**Benefit doubles if surgery is required

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Provides a benefit if you are diagnosed with a covered illness

Provides a tremendous opportunity to help off-set expenses of a critical illness event

Greatly assist with out-of-pocket cost such as your medical deductible

Allows you options for treatments, no restrictions on how you use the money

Covered conditions include Invasive Cancer, Heart Attack and Stroke

Critical Illness Insurance

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CRITICAL ILLNESS INSURANCE Example of Bi-Weekly Employee Cost

COST AND COVERAGE EXAMPLE

Employee + Family Coverage Amount

$5,000 $10,000 $15,000 $20,000

Employee Age Bi-Weekly Employee Cost

30-34 $3.55 $5.02 $6.50 $7.97

40-44 $5.67 $9.27 $12.87 $16.47

50-54 $10.77 $19.47 $28.17 $36.87

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• Pays a fixed benefit for hospital stays resulting from a covered injury or illness

• Payments are made directly to the covered person

Hospital Care Insurance

The average inpatient hospital stay in the United States:

Costs $2,271 per day

and lasts 6 days

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HOSPITAL CARE INSURANCE

Plan 1 Plan 2

Bi-Weekly Employee Cost

Employee Only $4.20 $6.62

Employee & Spouse $8.36 $13.22

Employee & Child(ren) $8.10 $12.54

Employee & Family $13.20 $20.54

Benefits

Hospital Admission $500 $1,000

Hospital Chronic Condition Admission $50/day $50/day

Hospital Stay $100/day $100/day

Hospital ICU Stay $200/day $200/day

Hospital Observation Stay $100 $100

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Access + HMO Plan - Introducing TRIO ACO HMO


Benefits and Covered Services Custom Trio HMO Per Admit 250 Custom HMO Per Admit 250

Annual Deductible None None


$1,500 per Individual $4,500 per Family

$1,500 per Individual $4,500 per Family

You pay

Preventive Care No charge No charge

Office visits (primary care) $25 copay per visit $25 copay per visit

Inpatient hospital $250 copay per admission $250 copay per admission

Outpatient surgery

$25 copay per surgery (ambulatory surgery center)

$150 copay per surgery (outpatient hospital)

$25 copay per surgery (ambulatory surgery center)

$150 copay per surgery (outpatient hospital)

Ambulance services No charge No charge

Emergency services $150 copay per visit (waived if

admitted) $150 copay per visit (waived if

admitted)

Retail Pharmacy $10/$40/ Not covered $10/$40/ Not covered

Mail Order Pharmacy $20/$80/ Not covered $20/$80/ Not covered

Specialty Drugs (retail only) 20% up to $100 (maximum

increases to $200 for mail order) 20% up to $100 (maximum

increases to $200 for mail order

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Trio HMO or Access+ HMO® ?

A good choice if you’d like…

Trio HMO

A select, integrated provider network that provides you with more coordinated care. You get all the benefits of our standard HMO plus these high-value extras:

• Shield Concierge for 360◦ high-touch member support through one dedicated support team

• Includes Fitbit activity tracker

• 42 Trio ACO providers throughout CA and expanding.

• Less premium for our members, but the same benefits as Access + HMO.

Access+

HMO

A broader HMO network that offers more choice of doctors.

• Choose your own doctor, self-refer to specialists in the same med group as your primary care doctor

• NurseHelp 24/7 and LifeReferrals 24/71 telephone support

• Teladoc 24/7 phone/video doctor visits for low copay

• Digitally enabled wellness programs

• Covered urgent and emergency care while traveling

1LifeReferrals 24/7 available to groups with 101+ employees.

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Coordinated care, affordability and personalized support

• Choose your own doctor, specialists and pharmacies

• Self-refer to specialists (within the same med group as your primary care doctor)

• Access to Teladoc doctors for phone or video appointments, 24/7/365 with $5 copay

• 360◦ service from Shield Concierge dedicated support team to help you make care decisions and navigate the health care system

• Engaging, digitally enabled wellness programs and free Fitbit activity tracker

• Urgent and emergency care coverage anywhere in the world

• Currently over 60% of Mercury members are already accessing TRIO HMO providers

Trio HMO or Access+ HMO® ?

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Getting the Most from Your Healthcare Dollars

Save on Health Care Treatment Cost Estimator tool to compare costs (PPO)

Annual covered screenings (no charge)

Retail clinics through CVS and Target (for non-emergencies; convenient and affordable)

Stand-alone ambulatory surgical centers (save compared to a hospital)

Urgent care vs. ER

Wellness discount programs

Save on Prescription Drugs Generic drugs

Mail order (2x copay for 3 months)

Resources 24/7 NurseHelp (no charge)

Teladoc to speak or video chat with a board certified physician ($5 copayment)

Tele-behavioral Health (blend video and in-person visits)

24/7 Life Referrals (legal, financial and counseling services; some services at no charge)

“How can I get the most out of my healthcare dollars?”

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Kaiser HMO

Your Kaiser Plan Benefits

Out-of-pocket Maximum: $1,500 Individual/$3,000 Family

Plan Deductible: None

Covered service You pay

Routine physical exams No charge

Primary care office visits $20 copay per visit

Specialty care office visits $35 copay per visit

Lab tests No charge

Outpatient surgery $150 per procedure

Hospitalization $250 per admission

Urgent care visits $20 copay per visit

Emergency Department visits $125 copay per visit

Generic prescription drugs $10 for up to a 30-day supply $20 for up to a 100-day supply

Brand-name prescription drugs $30 for up to a 30-day supply $60 for up to a 100-day supply

Most Specialty prescription drugs $30 for up to a 30-day supply


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Get to Know Kaiser

Convenient care management On kp.org or with the Kaiser Permanente app, you can stay on top of your care 24/7 with these convenient features:*

Schedule and cancel routine appointments.

View most lab results as soon as they’re available.

Refill most prescriptions and have them shipped to you at no charge.

Email your doctor’s office with nonurgent questions.

Print vaccination records for school, sports, or camp.

Manage a family member’s health.

Possible Priority # 2 - Dental

Risk: Short…Intermediate…Long

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Dental Plan Highlights – Delta Dental DPO

Benefits and Covered Services

In-Network DPO Dentist

Out-of-Network DPO Dentist*

Annual Deductible $40 per person $120 per family

$50 per person $150 per family

Annual Maximum $1,500

Orthodontic Lifetime Maximum

$1,500 $1,000

You pay

Diagnostic & Preventive No charge 20%

Basic Services Root canals, periodontics (gum treatment), oral surgery

20% 20%

Oral Surgery 20% 20%

Major Services Crowns, inlays, onlays, prosthodontics and cast restoration

50% 50%

Orthodontics 50% 50%

* Reimbursement is based on PPO contracted fees for PPO dentists, Premier contracted fees for Premier dentists and the program allowance for non-Delta Dental dentists.

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Dental Plan Highlights – Delta Care DMO

Benefits and Covered Services Copayments

Calendar Year Deductible None

Annual Maximum None

Orthodontia Lifetime Maximum None

You pay

Preventive • Cleanings every six months • Exams • Bitewing X-rays

No copay

Basic Services • Resin-based composite filling (tooth colored) • Periodontal scaling and root planning • Root Canal

• Anterior – no copay: posterior – optional • $10 copay per quadrant • Copay is $40 to $120

Major Services • Crown

• Copay is $45 to $75/procedure (+$100 lab fee for

precious metal

Orthodontia Services • Children to age 19 • Adults

• Copay is $1,600 plus pre and post treatment costs • Copay is $1,800 plus pre and post treatment costs

Priority # 3 - Vision (If needed)

Risk: Short term

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Vision Plan Highlights – Base Plan

Choice Plan Base Plan

Service Frequencies Exam every calendar year

Lenses every calendar year Frame every other calendar year

Copays $20 Exam Copay

$20 Materials Copay

VSP Provider

Examination Covered after copay

Lenses:

Single Vision Covered after copay

Bifocal Covered after copay

Trifocal Covered after copay

Lenticular Covered after copay

Anti-Reflective Coating Discounted

Frames $150.00

$200 Featured Frame Brand $80 at Costco

Elective Contact Lenses* $150.00

Necessary Contact Lenses* Covered after copay

Computer Vision Care (Employees Only)

$20 Copay $90 Frame Allowance

$140 Featured Frame Brand

Suncare** No

*Contact lenses are in lieu of spectacle lenses and frame **Suncare allows members to use their frame and lens benefit for non-Rx sunglasses from their VSP Provider's frame board

Check out these enhanced vision benefits for 2018!

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Vision Plan Highlights – Premier Plan (New!)

Choice Plan Premier (Buy-Up Plan)

Service Frequencies Exam every calendar year

Lenses every calendar year Frame every other calendar year

Copays $20 Exam Copay

$20 Materials Copay

VSP Provider Examination Covered after copay

Lenses:

Single Vision Covered after copay

Bifocal Covered after copay

Trifocal Covered after copay

Lenticular Covered after copay

Anti-Reflective Coating Covered after $30 copay

Frames $200.00

$250 Featured Frame Brand $110 at Costco

Elective Contact Lenses* $200.00

Necessary Contact Lenses* Covered after copay

Computer Vision Care (Employees Only)

$20 Copay $90 Frame Allowance

$140 Featured Frame Brand

Suncare** Yes

*Contact lenses are in lieu of spectacle lenses and frame **Suncare allows members to use their frame and lens benefit for non-Rx sunglasses from their VSP Provider's frame board

This plan has richer benefits, including higher allowances and Suncare!

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Health Care Flexible Spending Account

Contributions are pre-tax

Allows participant to reduce taxable income and redirect it to pay for expenses that are not covered through other benefit plans (copays, deductibles, etc.)

2018 maximum contribution is $2,650 per year; there is no minimum

Debit card will be issued that can be used at any eligible provider location that accepts Visa

HCFSA Benefits

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Health Care Flexible Spending Account

Must “use it or lose it” by 12/31/2018; there is no grace period into 2019

Cannot change election amount mid-year unless you experience a qualifying life event

Employees enrolled in the Blue Shield PPO $aver Plan or the Blue Shield PPO Super $aver Plan are not eligible to participate in the Health Care Flexible Spending Account Program

Available (dental, vision, etc.) for employees who are not enrolled in a Mercury PPO Plan

HCFSA Benefits (continued)

37

My Health at Mercury

Refreshed Program November 2017 – October 2018

Wellbeing Assessment Tobacco-Free Attestation Preventive Care Visit

Total Wellbeing Program!

Individualized Action Plan and Coaching

Creative Challenges to earn points all year long

Incentives: Employees up to $500

Spouses up to $200

HSA Contribution or Supplemental Income in January 2019

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L.A. office, 3 times per week, 2 times per day

Stretching & Proper Breathing Session at 9:30am

...and at 3:15 pm

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Participate!

My Health at Mercury supports and rewards you for taking care of yourself and loved ones!

Be Creative !!! Help your Well-Being Ambassador

to create Challenges and Local Activities

Have Fun!!!

Possible Priority # 4

Profit sharing - 401(k)

Risk: Long Term… but must start early!

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401(k) – Should I Save For Retirement (Career 2.0)?

Is Saving A Good Idea?

No Keep Working (You’ll need the money)

Yes

Do you like to pay taxes?

Yes

Put Money in Taxable Account (and move to California!)

No

Contribute to 401(k): pre-tax in / taxable out

Are you a disciplined saver?

Yes No

Contribute to 401(k): it is automatic payroll deduction

Do you like free money?

No Yes Contribute to 401(k):

Mercury matches a portion of the first 6%

WHAT? (Please seek

counseling immediately)

Contribute to Roth 401(k): taxable in / tax free out

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Mercury Insurance Profit Sharing Plan 401(k)

New Participants Automatically Enrolled at 6% (4% prior)

Previously Auto-enrolled and less than 6% will be bumped to 6%

Can elect your own contribution amount:

Go to www.netbenefits .com or Call Fidelity (800-835-5095)

What’s New January 1

• 6% gets you the full match (remember free money?)

• 6% + 3.5% match gets 9.5% into the plan

• It is suggested a 10% - 15% contribution is necessary for income replacement at retirement

• Fund / Share Class Changes

Why?

http://www.netbenefits.com/

Mercury Insurance Life & Disability Insurance

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Cigna Basic Life and AD&D Insurance

One times your annual salary rounded to the next highest $1,000 up to $100,000

Accelerated Death Benefits available if you have a life expectancy of less than 12 months and are less than age 60

Highlights

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Supplemental Life Insurance

Cigna Life Insurance

• You may choose to purchase additional life insurance coverage for yourself through Cigna on a post-tax basis.

• This coverage would be in addition to the basic life benefit provided by Mercury.

• You can also purchase supplemental life coverage for your dependents.

Eligible Member Coverage Amount

Employee $10,000 increments, to a maximum of $1.5 million

Spouse $10,000 increments, to a maximum of $50,000 or 100% of the employee’s Supplemental Life Insurance amount

Child(ren) $2,500 increments, to a maximum of $10,000

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Supplemental AD&D Insurance

Cigna AD&D Insurance

• You may choose to purchase additional AD&D insurance coverage for yourself through Cigna on a post-tax basis.

• This coverage would be in addition to the basic AD&D benefit provided by Mercury.

• You can also purchase supplemental AD&D coverage for your dependents.

Eligible Member Coverage Amount

Employee $10,000 increments, to a maximum of $1.5 million (not to exceed 6 times your annual salary)

Spouse $10,000 increments, to a maximum of $50,000

Child(ren) $2,500 increments, to a maximum of $10,000

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Cigna Long-Term Disability

Cigna Long Term Disability paid 100% by Mercury

Elimination Period 180 Days

Minimum Benefit $100/month or 10% of gross benefit (whichever is greater)

Benefit Period All employees – 2 years own occupation; any occupation thereafter

to age 65

Psychiatric or Substance Abuse Limits 24 months

Survivor Benefit – to Spouse/Estate 3 month lump sum benefit

Maximum % Covered Salary 66 2/3%

Maximum Benefit $15,000 per month

Mercury Insurance Other Employee Paid Benefits

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Pre-Paid Legal Plan

Access to a national network of over 10,000 professional attorneys

Most common uses of the program are:

Wills and living trusts

Family matters

Consumer protection

Traffic citations

Personal legal document review

$8.25 per paycheck

Hyatt Legal Plans

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Dependent Care Spending Account (Day Care)

Allows participant to reduce taxable income and redirect it to pay for dependent care expenses

Can contribute up to $5,000 per household

Must “use it or lose it” by 12/31/2018; there is no grace period into 2019

Cannot change election amount mid-year unless you qualify for a family status change

Dependent Care Spending Account

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Pet Insurance

Discount on health care coverage for dogs, cats, birds and other exotic pets

Coverage for certain:

Surgeries

Hospitalization

X-Rays

Prescription Meds

5% discount for coverage on first pet, up to 15% discount for multiple pets

Veterinary Pet Insurance (VPI)

Mercury Insurance Understanding Company-Paid Benefits

No tough decisions required!

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Find qualified doctors, specialists

and hospitals

Provide estimates for services and

expedite appointments

Answer questions about tests,

treatments, and medications

Assist with claim issues; negotiate

billing and payment arrangements

Obtain appropriate approvals for

needed services

Secure second opinions with

qualified healthcare providers

Assist with transfer of medical records

and results

Locate eldercare services

• Confidential, unlimited access to a Personal Health Advocate who can help you or your eligible family members resolve health care and insurance-related issues

• Health Advocate is a service provided by Mercury at no cost to you!

What is Health Advocate?

When to use Health Advocate?

Introducing Health Advocate

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Health Advocate, continued

How to use services?

• Go to healthadvocate.com/mercury

• Email answers@ HealthAdvocate.com

• Call 866-695-8622 (Mon-Fri, 5 a.m. – 9 p.m. PT)

Who's eligible?

• All Benefits Eligible Employees

• Spouses

• Dependent children

• Parents & parents-in-law

What information is needed to access Health Advocate?

• Employee first and last name

• Employee Number

• Name of employer

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Employee Assistance Plan – ACI Specialty Benefits

Confidential Counseling – 3 Face to Face Visits

Stress Management – Home/Work

Relationship Issues

Grief and Loss

Work/Life

Unlimited Legal & Financial Consultation

Unlimited Child/Elder/Pet Care Referrals

Personal Services

Company paid benefit

Counselors available 24/7

Benefits Available for ALL Family Members

Call 800.932.0034 or http://mercury.acieap.com

Why Use EAP?

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What’s NEW?

and…

Blue Shield TRIO HMO

New Premier Vision Plan

6% 401(k) Auto enroll

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Cash Flow Personal Loans Refinancing,

Home Equity Loans Financial Aid / Scholarships

Student loans Taxable Investments

Paying for College: What Are the Options?

Tax-Advantaged Investments

Such as a 529 College Savings Plan

529

529 College Savings Program NEW!!

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Why 529 Plans?

• Income tax

• Estate tax

• Gift tax

TAX BENEFITS

• Anyone can contribute

• Can be used for qualified expenses at virtually any accredited post-secondary school (1)

• Choice of many different plans

FLEXIBILITY

1. Qualified expenses include tuition, fees, room and board, books, and supplies. 2. Nonqualified withdrawals are subject to ordinary income tax and a 10% penalty.

• You retain control

• You can change the beneficiary

• You can withdraw money or liquidate the account (2)

CONTROL

Call Morgan Stanley at (866) 885-8016

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Wrapping It UP…. Resources and Contacts

“X” out those that do not apply Evaluate & Rank based on YOUR needs Stay Within Your Budget

Rank 2018 Benefit Estimated

Bi-Weekly

Cost

Estimated

Annual

Cost

n Company Wellbeing Program

n Basic Life Insurance

n Basic AD & D Insurance

n Long Term Disability

n Employee Assistance Program

n Health Advocate

Medical

Dental

Vision

401(K) Plan

Health Savings Account

Pre-Paid Legal

Critical Illness

Accident Insurance

Hospital Indemnity

Supplemental Life Insurance (employee, spouse, child)

Supplemental AD&D (employee, spouse)

Health Care Flex Spending Account

Dependent Day Care Flex Spending Account

Pet Insurance (discount)

College America – 529 College Savings Program (NEW!)

Totals

n

Notes:

Paid for by Employee

Shared with Mercury

Paid for by Mercury

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Mercury Benefits

QUESTIONS?

Employee Hotline x42018 or (877) 716-6372

Mercury Insurance - mymercurybenefits.com · Mercury Insurance Benefits Summary ... Greatly assist...

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