Employee Town Hall 2025: Open Enrollment Updates

Welcome to our Employee Town Hall 2025 Open Enrollment and Retirement Overview October 23, 2024

2025 Open Enrollment Your Health Care Benefits October 28 November 15, 2024 Michelle Robinson, Human Resources October 23, 2024 2

What is Open Enrollment? What is Open Enrollment? Change who is covered Enroll yourself Add eligible dependents (spouse, domestic partner, dependent children under 26 years of age) Drop dependents Change carriers/plans Medical (Kaiser HMO, Premera PPO) Dental (Delta Dental, Willamette Dental) Vision (Exam Only, Exam & Hardware) Enroll in Flexible Spending Accounts (FSA) Health FSA and/or Daycare FSA Must be newly elected each calendar year 3

Reminder: Eligible Dependents Reminder: Eligible Dependents Spouse: the lawful spouse of the employee. Registered Domestic Partner: new domestic partnerships must be state registered. Dependent Child: Under the age of 26 and one of the following: The natural offspring of either or both the employee or spouse A legally adopted child of either or both the employee or spouse A child placed with the employee for the purpose of legal adoption A legal ward of the employee or spouse (foster children are not eligible) Continuing coverage for a child who became disabled prior to age 26 4

New for 2025 New for 2025 2025 Monthly Employee Payroll Contribution Rates Premera Blue Cross medical plan rates are increasing by 3.2% Kaiser Permanente medical plan rates are increasing by 4% Willamette Dental plan rates are increasing by 2.2% Delta Dental and VSP rates will remain the same from 2024 to 2025 5

New for 2025 New for 2025 Healthcare Flexible Spending Account (FSA) The annual maximum election is increasing to $3,200. Healthcare and daycare FSA s must be elected each calendar year according to Internal Revenue Service requirements. Premera Updates NEW: Behavioral Matchmaker UDPATE: Chronic Condition Support is now Teladoc (formerly Livongo) for diabetes, hypertension, and weight loss. 6

Reminder of Premera Virtual Programs Reminder of Premera Virtual Programs Find these options on the PremeraMyCare App 98point6 on-demand primary care delivered through a highly secure in-app messaging experience on your mobile phone. Doctor on Demand consult with a board-certified doctor or licensed psychologist by video or phone. Mental Health: TalkSpace connect to therapists and psychiatrists by video and text Physical Therapy: Omada joint and muscle relief with licensed physical therapists 7

Which Medical Plan Best Meets the Needs of Me and My Which Medical Plan Best Meets the Needs of Me and My Family? Family? Known amount you pay each month regardless of whether or not you access care. Monthly Employee Payroll Contribution Rates WHAT IS MOST IMPORTANT TO ME? WHAT IS MOST IMPORTANT TO ME?

Monthly Employee Payroll Contribution Rates Monthly Employee Payroll Contribution Rates Amount Deducted from Your Paycheck you have options Non-Represented Monthly Employee Payroll Contribution Rates Kaiser HMO Premera Choice Plan Premera Core Plan $0.00 $0.00 $70.61 Employee Only $83.85 $85.16 $304.84 Employee + Spouse $60.98 $61.94 $212.49 Employee + Child(ren) $167.70 $170.32 $498.92 Employee + Family Find all Monthly Employee Payroll Contribution rates for represented and non-represented employees on Connect2MyBenefit https://c2mb.ajg.com/cityofbellevue, see the 2025 Open Enrollment section

Which Medical Plan Best Meets the Needs of Me and My Which Medical Plan Best Meets the Needs of Me and My Family? Family? Amount you pay when you access care. The cost share may vary based on the type of service and plan. Copay, Deductible, Coinsurance WHAT IS MOST IMPORTANT TO ME? WHAT IS MOST IMPORTANT TO ME?

Copay, Deductible and Coinsurance Copay, Deductible and Coinsurance Know how your plan works Kaiser HMO Premera Choice Preferred Provider Organization (PPO) Premera Core Type of Plan Health Maintenance Organization (HMO) Preferred Provider Organization (PPO) Deductible The amount you may need to pay up front each calendar year before the plan begins pay covered services. Does not apply to all services! Office Visit Coinsurance Portion of the cost you pay after you meet your annual deductible $0 per covered Individual $750 per covered Individual $0 per covered Individual $10 copay $30 Copay $15 Copay 0% 10% 0% Prescription Coverage Premera Plans - Copay varies based on generic/brand name tiers. $10 copay $10 - $45 copay; Mandatory Generics Rule $1,500 per covered Individual $10 -$20 copay & 50% Coinsurance Out-of-Pocket Maximum $2,000 per covered Individual $1,500 per covered Individual The most you'll pay in a calendar year for covered medical and prescriptions.

Which Medical Plan Best Meets the Needs of Me and My Which Medical Plan Best Meets the Needs of Me and My Family? Family? WHAT IS MOST IMPORTANT TO ME? WHAT IS MOST IMPORTANT TO ME? Providers contracted or in-network with the plan. In-network providers vary by plan. Provider Network

Provider Networks Provider Networks Heritage/Heritage Plus 1 PPO Network HMO Network

Which Medical Plan Best Meets the Needs of Me and Which Medical Plan Best Meets the Needs of Me and My Family? My Family? WHAT IS MOST IMPORTANT TO ME? WHAT IS MOST IMPORTANT TO ME? Covered Services & Visit Limitations Medical services permitted under the terms of the plan. Some services have visit and/or day maximums.

Covered Services and Limitations Covered Services and Limitations Choice Plan Kaiser Core Plan Unlimited behavioral health Access to more massage therapy visits Pay the lowest employee contributions from your paycheck Integrated, convenient, high quality, care of an HMO Vision exams and hardware integrated with your medical plan Lower deductible Flexibility to see any providers Your cost will be less by using the Heritage Network

Reviewing Medical Plan Options Reviewing Medical Plan Options Monthly Cost Copay, Deductible, Coinsurance WHAT IS MOST IMPORTANT TO ME? WHAT IS MOST IMPORTANT TO ME? Covered Services & Visit Limitations Provider Network

Get the Right Care at the Right Place Get the Right Care at the Right Place 24/7 24/7 NurseLine NurseLine Virtual Healthcare Virtual Healthcare For common illnesses Prescriptions Available Kaiser Members: www.kp.org/wa/onlinevisit Premera MyCare App: 98Point6 Doctors on Demand TalkSpace Omada _________________________ Emergency Room Emergency Room Serious pain or life threatening Will cost the most Free for enrolled Members Kaiser: 206.630.2244 206.630.2244 or 1.800.297.6877 1.800.297.6877 Premera: 800.841.8343 800.841.8343 Home treatment tips Direct you to the right level of care ________________________ Urgent Care Urgent Care Non-life threatening issues Extended hours (evenings & weekends) or

Mobile Apps Mobile Apps Premera and PremeraMyCare (for virtual care) Look up contracted providers, view your benefits, manage your prescriptions, and provide mobile proof of coverage. Kaiser Schedule an appointment with your Kaiser Permanente care team, contact the Consulting Nurse, manage your prescriptions, locate and find wait times for clinics, pharmacies, and labs and more! Delta Dental It s easy to get the most out of your dental benefits Navia Access to real-time account balances, tutorial videos, account alerts and claim submissions.

Important Websites Important Websites CONNECT2MYBENEFITS (C2MB) https://c2mb.ajg.com/cityofbellevue BELLEVUE BENEFITS https://cityofbellevuehr.workterra.net Your online library for everything benefits. The online enrollment system The Open Enrollment 2025 section includes: 2025 employee payroll contribution rates Employee Benefits guide for plan details Complete your 2025 open enrollment selections. 19

Wellspring Employee Assistance Program (EAP) Wellspring Employee Assistance Program (EAP) A confidential resource you and your benefit eligible household members may use at no charge. Wellspring s website www.wellspringeap.org, username = City of Bellevue, call 1-800-553-7798, or use their chat feature. Explore Wellspring s website, live chat feature, referrals, and up to six counseling sessions. Other services include: Financial Resources Legal Benefits Daily Living/Concierge Services ID Theft Resources Monthly Webinars/Webinars on Demand explore the website You may always find information about the Employee Assistance Program through the Connect2MyBenefits, available from any internet connection. 20

How to Complete Open Enrollment How to Complete Open Enrollment User Name is your full last name and the first four digits of your birth date (MMDD). Log on to Bellevue Benefits online enrollment system and make your elections: Example, name is Mary Smith-Jones and birthdate is 5/24/1972, User Name is Smithjones0524. https://cityofbellevuehr.workterra.net Passwords are being reset to your full last name (lower case) and the last 4 digits of your social security number. You will be required to reset your password once you sign in. Example, name is Mary Smith-Jones and social security number is 111-22- 3456, Password is smithjones3456.

Open Enrollment Checklist Open Enrollment Checklist 1) Assess health coverage needs Eligible dependents are: Spouse: the lawful spouse of the employee Domestic Partner: registered domestic partner Dependent Child: Under the age of 26 2) Explore options, review materials, and compare plans https://c2mb.ajg.com/cityofbellevue 3) Make my elections online using Bellevue Benefits https://cityofbellevuehr.workterra.net 4) Review and save your confirmation statement in Bellevue Benefits 5) Hit Done in Bellevue Benefits

Where Can I Learn More? Where Can I Learn More? Open Enrollment Benefit Alerts Information from your benefits team starting September 16. Open Enrollment Home Mailing Information packet on open enrollment sent to your mailing address mid-October. Your HR Benefits Team Lori Duringer Michelle Robinson Gallagher Benefit Advocates 425-201-8417 425-452-7866 425-452-4585 23

Virtual Drop In Office Hours Virtual Drop In Office Hours and In Person Office Hours at BSC and In Person Office Hours at BSC Virtual Office Hours (noted on the right) Lori Duringer and Michelle Robinson will hold virtual office hours specifically for your Open Enrollment questions. Please call, email, or send Lori or Michelle an Outlook meeting request for any questions you have. In Person Office Hours at BSC Wednesday, November 6 2:30 pm to 4:00 pm Tuesday, November 12 7:00 am to 8:30 am 24

Changes Outside Open Enrollment Qualifying Life Events Reminder: outside of open enrollment, you are only able to make changes to your health benefits if you experience a Qualifying Life Event. Marriage/Registered Domestic Partnership within 30 days, you may add a spouse/registered domestic partner Divorce/Legal Separation/Termination of Registered Domestic Partnership within 30 days, you must remove your ex-spouse/registered domestic partner Having or Adopting a Baby within 60 days, you may add your baby Gain or loss of other coverage for you or your dependents within 30 days, you may request changes. Visit the Benefit Enrollment and Changes section of C2MB https://c2mb.ajg.com/cityofbellevue for more information. 25

Retirement Overview Your Retirement Benefits Steve Treperinas, Human Resources October 23, 2024 26

Retirement Plans: City of Bellevue Deferred Compensation Program Government 457 Voluntary Defined Contribution Plan Municipal Department of Retirement Systems (DRS) Employee's Benefit Trust LEOFF 1 & 2 PERS 1, 2, & 3 PSERS 2 Government 401(k) Voluntary Defined Contribution Plan Mandatory participation with DRS You may enroll or make changes anytime. You may enroll or make changes anytime. Your initial enrollment is completed using paper forms, then once enrolled, any changes to contributions, investments and beneficiary designations are made through your online account. Each plan has its own formula, service credit and retirement age eligibility. When you contribute to MEBT, there is an employer match of approximately $0.90 for each $1 you contribute, up to 6.2%. All plans (except PERS 3) are defined benefit plans, which offer a lifetime monthly pension based on a formula. City contributions vest, or belong to you, over time, with full vesting at 3 years. Account balances are based on contributions plus earnings or losses. PERS 3 is a combination plan, consisting of a defined benefit formula and defined contribution payroll deductions. Account balances are based on contributions plus earnings or losses. Unique to DCP plans, when you leave the city, there is no IRS early withdrawal penalty for taking a distribution. 27

DRS: PERS 2 Defined Benefit Pension Plan 2% X Service Credit Years X Average Final Compensation Average of highest 60 months (5 years) of Compensation Vesting 5 years of service Vesting is ownership Retirement Age 65 is normal retirement age if vested Early Retirement At least 20 years of service and are age 55 or older Careful, could receive a reduced benefit 28

DRS: PERS 3 Duel Defined Benefit Pension Plan/Defined Contribution Plan 1% X Service Credit Years X Average Final Compensation Average of highest 60 months (5 years) of Compensation Vesting 10 years of service 5 years of service if you work at least 12 month after age 44 Retirement Age 65 is normal retirement age if vested Early Retirement At least 20 years of service and are age 55 or older Careful, could receive a reduced benefit 29

DRS: PERS 2/PERS 3 Comparison Benefit Formula & Vesting PERS 2 2% X Service Credit Years X Ave Final Compensation 5 years of service No investment account PERS 3 1% X Service Credit Years X Ave Final Compensation 10 years of service 5 years of service if you work at least 12 month after age 44 Investment account 30

DRS: PERS 2/PERS 3 Comparison Continued PERS 2 Employees Contribution Rate: 6.36 This is the percentage of your pretax that goes toward your pension retirement income 31

DRS: PERS 2/PERS 3 Comparison Continued PERS 3 Employees Contribution Rates: Option A Option B (age based) 5.0% 5.0% up to age 35 6.0% ages 35 to 44 7.5% age 45 and older 6.0% up to age 35 7.5% age 35 to 44 8.5% age 45 and older 7.0% 10.0% 15.0% Option C (age based) Option D Option E Option F 32

DRS: PERS 2/PERS 3 Comparison Continued PERS 3 Investment Options 1. 2. 3. Use the target date fund for your age Choose your own investments from plan selection Washington State Investment Board PERS 2 There are no investment options all employee contributions go to fund the defined benefit plan. 33

DRS: PERS 2/PERS 3 Comparison Continued Defined Benefit Examples: PERS 2 2% X 25 (credit years) X $75,000 (Ave Annual Comp) $37,500 Annual / $3,125 monthly PERS 3 1% X 25 (credit years) X $75,000 (Ave Annual Comp) $18,750 Annual / $1,562.50 monthly 34

DRS: PERS 2/PERS 3 Vesting Joint Survivor Annuity options 35

DRS: LEOFF 2 Defined Benefit Pension Plan 2% X Service Credit Years X Ave Final Compensation Average of highest 60 months (5 years) of Compensation Vesting 5 years of service Vesting is ownership Retirement Age 53 is normal retirement age Early Retirement At least 20 years of service and are age 50 or older Careful, could receive a reduced benefit 36

MEBT Defined Contribution Plan Governmental 401(k) Plan Contribution Sources Pre-Tax After-Tax Roth 401(k) The City of Bellevue will match up to 6.2% You are always 100% vested in the portion that you contribute to your account Employer contribution vesting: 3-year vesting schedule After 12 months 34% vested 2.778% vested per month after first year (33.33% per year) 37

MEBT Features Loans are allowed In-service distributions after age 59 Non-hardship distributions only from after-tax accounts Hardship distributions Early distribution penalty 10% Managed portfolio of approximately a 60% equity/40% fixed assets, plus a cash fund 2024 maximum deferral limits Under age 50 $23,000 over age 50 an additional $7,500 38

Deferred Compensation (457) Plan Defined Contribution Plan Deferred Compensation (457) Plan Like the MEBT plan Contribution Sources Pre-Tax Roth 401(k) Provides Investment Options Individual investment collective funds Target Date Funds 2024 Maximum Contribution Limits Under age 50 $23,000 over age 50 an additional $7,500 There is no early withdrawal penalty 39

Social Security Windfall Elimination Provision The Windfall Elimination Provision can affect how Social Security calculates your retirement or disability benefit. You earn a retirement or disability pension from an employer who didn t withhold Social Security taxes. Years of substantial earnings less than 30 years 40

Educational Resources for DRS and Deferred Compensation (457) Plan Be sure to visit DRS online to access important information about your PLANS and LIFE EVENTS (new hire, mid-career, retiring). Start exploring at https://www.drs.wa.gov/. There are documents, webinars and videos to assist you in addition to calling to speak with a representative. 41

Contact Information Steve Treperinas, City of Bellevue Retirement Analyst 425-452-7198 or Streperina@bellevuewa.gov or Retirement@bellevuewa.gov Online Benefits Library, Connect2MyBenefits https://c2mb.ajg.com/cityofbellevue/retirement-programs/ Department of Retirement Systems (DRS) PERS 2, PERS 3, LEOFF 2, and DCP 1-800-547-6657 Washington State Department of Retirement Systems DCP - Deferred Compensation Plan (DRS) MEBT Service Center 1-877-690-5410 or MEBT Social Security Administration 1-800-772-1213 42

Questions?