|Impact of U.S. Supreme Court Decision on the Defense of Marriage Act on Siemens Benefits Programs|
Impact to Siemens Benefits Programs Due to the U.S. Supreme Court Ruling on the Defense of Marriage Act
On June 26, 2013, the U.S. Supreme Court, in United States v. Windsor, found Section 3 of the federal Defense of Marriage Act (DOMA), which prohibited the federal government from acknowledging marriages between same-sex couples, unconstitutional.
Click on Tell Me More to learn how the changes affect the Siemens benefits programs for legally married same-sex couples, and what actions you may need to take.
|Your Decisions Matter|
The 2014 Annual Enrollment Period Opens October 7 and Continues Through October 18
Insider’s View: Siemens Benefits in the Changing Health Care Landscape
Mike Panigel, Senior
Vice President & CHRO
In recent years, Health Care Reform legislation has brought a number of changes to our benefits, such as offering medical insurance to dependent children up to age 26 and covering preventive care services at 100%. This fall, state health care exchanges will accept enrollments for 2014 and provide health insurance for many uninsured Americans. While these state health care exchanges will also be available to you, they will not affect the medical plan options Siemens will continue to offer.
During Annual Enrollment, we encourage you to carefully review your Siemens benefits and determine the choice of coverage and the cost that best meet your personal situation. This involves planning and thoughtful decision-making—at enrollment and during the year—as you choose and use medical services. You will encounter the theme, Your Decisions Matter, in benefit communications now and throughout 2014.
With the rising costs of providing access to comprehensive, quality health care for you and your family, managing our health benefit dollars continues to be a challenge. Siemens will continue to absorb the majority of the cost of your health care benefits, and we need to continue our partnership in managing costs. Our role is to provide benefit options to help you stay healthy and manage your health, such as preventive care and immunizations, and the Healthy Focus program that can help you manage a chronic condition. Your role is to make informed decisions at enrollment and when you use health services—decisions such as using generic drugs or using urgent care centers rather than a hospital emergency room if your condition is not a true emergency.
What’s New for 2014
For 2014, the following changes will be made to your benefits:
Your Decisions Matter. As you consider your benefit choices at Annual Enrollment, we encourage you to read this newsletter to learn more about your benefits and some of the new programs that will be available to you. As you make your benefit decisions, think about how you and your family used medical services this year, and consider what your needs might be in the future. You can use the tools and resources available at Your Benefits Resources™ (YBR) to help you. Remember, your decisions make a difference to you—and to Siemens—not just at Annual Enrollment, but throughout the year as you use health care services.
In good health,
|Annual Enrollment Is Coming Soon: Your Decisions Matter|
2014 Annual Enrollment: October 7 through October 18, 2013
Annual Enrollment for the Siemens Health and Welfare Plans is almost here! That means it is time to start thinking about your benefits for 2014. With the health care landscape continuing to change, your decisions matter more than ever—both during annual enrollment and throughout the year. Our theme for 2014 is “Your Decisions Matter,” because we all have an important role in making informed choices.
This newsletter provides information you need to start thinking about what coverage is right for you, as well as ways you can minimize costs during the year. In a few weeks, you’ll receive the Annual Enrollment Newsletter with more information about your benefit plan coverage options and the resources and tools at your disposal to help you choose your benefit options for the coming year.
|Introducing the Siemens Healthy Focus Program — Resources for a Healthier You!|
When you see this logo, you’ll know these pieces have important tips, tools and support for a healthier you.
Three Key Things to Know about the Healthy Focus Nurse
As part of our new Healthy Focus program, Siemens has arranged with the three service providers for its medical plan options—Anthem Blue Cross Blue Shield (Anthem), Cigna and UnitedHealthcare (UHC)—to make a complimentary, personal Healthy Focus Nurse available for you and your family. Your Healthy Focus Nurse will assist you in making sure you have the information, tools and resources you need—whatever your health care needs may be.
We're Glad You're Considering Siemens!
Here you'll find an overview of our valuable benefits package. Benefits are a significant portion of the total rewards package that Siemens provides. As a Siemens employee, you may be eligible for the Flexible Benefits Program and the Siemens Savings Plan—the 401(k) plan.
The Siemens Flexible Benefits Program
The Siemens Flexible Benefits Program offers a variety of benefit choices so you can find the right coverage for your health care and insurance needs.
Siemens offers a choice of several medical plans. The plans are similar in the services they cover, but vary in your costs and choice of providers. Options include:
- Consumer-Directed Health Plan (CDHP) + Health Savings Account (HSA), a high-deductible plan
- Preferred provider organization (PPO) option, where available
- Health maintenance organization (HMO) option, where available
- Exclusive provider organization (EPO) option, where available
If you enroll in a Siemens medical plan, your plan benefits include prescription drug coverage.
Siemens dental benefits cover the cost of most preventive care and help you pay for a wide range of other dental services.
Siemens vision benefits provide an annual basic eye exam and contact lens evaluation along with discounts for contacts, frames and lenses. If you would like additional coverage for contacts, frames and lenses, you can elect to enroll in one of two employee-paid vision programs.
Flexible Spending Accounts (FSAs)
Flexible spending accounts, or FSAs, help you save money by allowing you to set aside before-tax dollars from your paycheck to pay for eligible expenses. Siemens offers two FSAs–the Health Care Account (for medical and dental expenses) and the Dependant Day Care Account (for elder care, day care or other dependant care expenses that allow you to work). You can choose to enroll in one or both accounts.
Siemens offers several insurance plan options for your protection and financial security:
- Basic Employee Life Insurance
- Supplemental Employee Life Insurance
- Spouse Life Insurance
- Dependant Life Insurance
- Personal Accident Insurance
Short-Term Disability and Long-Term Disability
Short-term disability helps protect you against loss of income during the first six months of a physical or mental disability. Long-term disability coverage continues a portion of your income if a physical or mental disability prevents you from working after six months of short-term disability.
Long-Term Care Insurance
Long-term care insurance helps cover the cost of services you (or your eligible spouse or partner, parents or grandparents; or your spouse's parents or grandparents) receive for a long-lasting disability or illness, such as nursing home care. This fully employee-paid plan offers a Facilities and a Comprehensive plan.
Business Travel Accident Insurance
Company-paid business travel accident insurance pays benefits to you (if you sustain certain injuries) or your beneficiary (if you die) as a result of an accident while on a business trip. Coverage equals five times your basic annual pay, up to a maximum of $500,000.
Employee Assistance Program
The Employee Assistance Program (EAP) provides free, confidential resources to help you manage personal, family or financial problems. It is available to all active Siemens employees, including family members.
Ayco Personal Finance Program*
This program offers discounted, confidential access to professional financial planners to help you plan your future, as well as unlimited access to a secure, personalized website with educational resources and financial planning tools.
The Siemens Savings Plan
The Siemens Savings Plan is a 401(k) plan that allows you to save up to 25% of your pay. You can make before-tax contributions, Roth 401(k) contributions or regular after-tax contributions, up to certain limits.
The plan also has an Automatic Contribution Escalation feature that allows you to increase the percentage you contribute each year to the Siemens Savings Plan automatically, up to the limits of the plan.
The plan offers a variety of investment options–investment options you can use to build a portfolio; five complete, ready-made investment portfolios; and a self-directed brokerage account.
HR Login is a resource for Siemens HR Colleagues ONLY.
If you are a Siemens HR colleague and need login assistance, please contact the Benefits Functional Center. As a reminder, login name and password are case sensitive.
Find it fast...
Your Benefits Resources (YBR) web site: http://resources.hewitt.com/
Siemens Benefits Service Center (SBSC) phone number: 1-800-392-7495
If you have a need that can't be addressed on YBR or if you don't have Internet access, you can call the SBSC for help. Representatives are available weekdays from 10 a.m. to 6 p.m. Eastern Time.