2020 AtlantiCare Benefits Workbook

Retirement Benefits

HOME TABL OF CONTENTS WELCOME.................2 WHAT’S NEW. ...........3 I E CENTERS AND EBSITES...................4 HOW TO ENROLL.......5 MEDICAL..............6-12 PRESCRIPTION DRUG. ................13-15 ADDITIONAL MEDICAL PLAN RESOURCES.........16-18 DENTAL...............19-21 VISION.....................22 LIFECENTER..............23 LIFE INSURANCE. .....24 LONG TERM DISABILITY...............25 VOLUNTARY OFFERINGS. ........26-29 SPENDING ACCOU TS. ............30 RETIREMENT B NEFITS..................31 WELLNESS. .........32-36 LEGAL NOTICES..37-39 CONTACTS.........40-41 GLOSSARY..........42-43 FAQs...................44-46 FORMS................47-56 WHAT’S NEW SERVICE CENTERS AND WEBSITES HOW TO ENROLL MEDICAL PRESCRIPTION DRUG ADDITIONAL MEDICAL PLAN RESOURCES DENTAL VISION LIFE INSURANCE LONG TERM DISABILITY VOLUNTARY OFFERINGS SPENDING ACCOUNTS RETIREMENT BENEFITS WELLNESS LEGAL NOTICES CONTACTS GLOSSARY

As of July 2019, AtlantiCare has transitioned to Prudential Retirement

If you were hired on or after January 1, 2010, or are an employee of AtlantiCare Behavioral Health, AtlantiCare will provide you annually with a non-elective fully vested contribution equal to 3% of your eligible compensation to either our 403(b) or 401(k) plan, depending on the business unit where you work. Prudential administers these plans. To receive this contribution, you must be at least 18, on payroll the last day of the plan year and have worked 1,000 hours in that year. If you were hired prior to January 1, 2010, you were eligible to participate in the AtlantiCare Retirement Savings Program. Your participation generally starts after you have worked a year with at least 1,000 hours worked and are age 21 or older. The plan is a defined benefit plan, meaning that benefits are payable to you at retirement according to a formula that reflects your service and compensation with AtlantiCare. This benefit is paid for entirely by AtlantiCare. You are vested in your benefit once you have been employed for five calendar years in which you worked 1,000 hours per year. CBIZ Retirement Plan Services administers this plan and customer service representatives can be reached at 1-844-581-3665 or visit https://atlanticare.cbiz.com . Turning 65 and still working. You will become Medicare-eligible if turning age 65 in 2020. If you are still working at age 65 and have group coverage, you are not required to enroll in Medicare right away. You can delay enrolling in Medicare until your coverage ends. At that time, you will be eligible for a special enrollment period. If you are turning turning 65 or older and considering retiring, please contact Medicare three months before your retirement to discuss your Medicare options. For more information please visit www.Medicare.gov or your local Social Security Office.

Today Americans in general are living longer, healthier, more active lives. Whether you are beginning your first job, at the midpoint of your career or approaching retirement, your retirement savings plan is an essential part of your future financial security. AtlantiCare offers the following plans to assist you in saving for your retirement years: AtlantiCare 403(b) or 401(k) Savings Plan For new hires, there is a 2% auto enrollment in our 403(b)/401(k) plan unless you opt out within the first 60 days of employment. Notification of this 2% auto enrollment, plan information and your “PIN” will be mailed to your home soon after your hire date. Upon receipt of this information, you can log onto www.prudential.com/ online/retirement and opt-out or increase your deferral amount. You can also contact Prudential Customer Services at 1-877-778-2100 . These are defined contribution plans and your contributions are deposited before taxes, so your taxable income is lower. Earnings grow tax-deferred until you withdraw this money. In addition, AtlantiCare will match 25% of your contribution up to the first 4% of your salary that you defer. Once you have completed three years of service in which you work at least 500 hours in each year, you will be fully vested in this match. This means that if you leave employment with AtlantiCare after three years, you are eligible to take both the match money and your contributions. The money that you contribute is always fully vested. Once you complete 15 years or more years of service, AtlantiCare will increase this match to 50% of your contribution up to the first 4% of your salary that you defer.

FORMS

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