Schlumberger 2015 Annual Enrollment
November 3 to 21, 2014
What we’ll talk about today
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What’s new for 2015
What you need to know
Plan refresher
What you need to think about
What you need to do
2015 Annual Enrollment – November 3 to 21
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It’s all good news!
WHAT’S NEW FOR 2015
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What’s new for 2015
Additions to the Wellness Account
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
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Fitness league fees
Fitness classes
Comprehensive medical exams
Naturopathic medicines
*
Remember:
You can also claim your LTD
premiums from your Wellness
Account.
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What’s new for 2015 (continued)
Wellness Accounts
 Now the new default for any excess flex dollars you may have
 When you enroll, be sure to allocate your excess flex dollars to
either your:
 Health Care Spending Account; or
 Wellness Account
*
Don’t forfeit!
You have two years to use the
money in these accounts.
Last year almost 1000 employees
forfeited $300 each.
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What’s new for 2015 (continued)
Smoking cessation
 Removal of $500 cap on
smoking cessation drugs
And don’t forget …
 Non-medical smoking
cessation programs – your
Health coverage and HCSA
 Life insurance can be up to
double the price for smokers
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What’s new for 2015 (continued)
Price tag changes
 Medical price tags are going up 5%
 Dental price tags are going up 6%
 Long-term disability price tags are going up by 16%, and that’s for
all options
 Basic life insurance is up 14% — paid by Schlumberger
 Accident insurance is unchanged
*
Remember:
Schlumberger is increasing
your flex dollars by the same
amount
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What’s new for 2015 (continued)
Why do price tags change?
 Our price tags change for a number of reasons:
 How we use the plan
 Aging population
 Inflation
 Health care – inflation between 5% and 8% in Canada
 Dental care – inflation between 3% and 5% in Canada
 LTD:
 The number of claims
 How big the claims are
 How long they last
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Ways to save money and other cool facts!
WHAT YOU NEED TO KNOW
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What you need to know
Ways you can save money
Purchase your prescriptions at Costco
 Schlumberger employees saved almost $17,000 in dispensing fees
by buying their prescriptions at Costco
 You don’t pay a dispensing fee at Costco – you do everywhere else
… and that’s money out of your pocket
 You don’t have to be a Costco member to take advantage of the
Schlumberger discount
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What you need to know (continued)
Ways you can save money
Coordinate your benefits
Those who coordinate their benefits  save up to $1,700 a year
How?
 Compare your spouse’s coverage to the Schlumberger plan
 If it makes sense to coordinate your benefits, you’ll need to be
enrolled in both plans
 Consider a lower Schlumberger
Why don’t more people
medical and/or dental option
coordinate their benefits?
 Save money
Because submitting claims is a
*
little more complicated.
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What you need to know (continued)
Ways you can spend wisely and save money
Coordinate your benefits
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You submit the claim to one plan
then
2
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You submit it to the other plan
What you need to know (continued)
Ways you can spend wisely and save money
Coordinate your benefits
If it’s your claim …
1
Submit the claim to GWL,
the Schlumberger plan
then
2
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Submit a copy of the
receipt and the GWL claim
statement to your
spouse’s plan
What you need to know (continued)
Ways you can spend wisely and save money
Coordinate your benefits
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If it’s your claim …
If it’s your spouse’s claim …
Submit the claim to GWL,
the Schlumberger plan
Submit the claim to your
spouse’s plan
then
2
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Submit a copy of the
receipt and the GWL claim
statement to your
spouse’s plan
then
Submit a copy of the receipt and
your spouse’s claim statement to
GWL, the Schlumberger plan
Just in case you’ve forgotten …
PLAN REFRESHER
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Extended Health Care
Prescription drugs
• Coverage
• Deductible
Hospital
All other expenses
• Coverage
Option 1
Option 2
Option 3
70%
Dispensing fee
90%
Dispensing fee
100%
Dispensing fee
Semi-private
Semi-private
Semi-private
70%
100%
100%
Paramedical services
• Max per paramedical
service
• Annual combined max
$500
$500
$1,500
$1,500
$1,500
$1,500
Vision care (24 months)
None (PVS)
None (PVS)
$200 (PVS)
Orthotics (annual max)
$150
$150
$150
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Dental
Option 1
Option 2
Option 3
None
None
None
Basic dental
• Recall exams
• Periodontics
70%
6 months
16 units
90%
6 months
16 units
100%
6 months
16 units
Major dental
• Crowns
50%
Included
70%
Included
80%
Included
$1,500
$2,000
$3,000
No coverage
50%
$2,000
50%
$3,000
Deductible
Combined
maximum
Orthodontia
• Under age 18
• Lifetime max
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Option 4
No
coverage
Long-term Disability
Formula
Option 1
Option 2
Option 3
60% of first
$3,000
65% of first
$7,500
65% of first
$6,500
+
+
+
50% of next
$4,000
50% of
remainder
50% of
remainder
+
45% of
remainder
Indexing
No
No
Yes
Monthly
maximum
$15,000
$15,000
$15,000
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Long-term Disability (continued)
LTD options – Someone earning $80,000
Option 1
Option 2
Option 3
Monthly cost
$71.76
$90.39
$98.58
Monthly benefit
$3,633
$4,333
$4,333
Monthly benefit in five years
$3,633
$4,333
$5,024
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Long-term Disability (continued)
LTD options – Someone earning $120,000
Option 1
Option 2
Option 3
$101.71
$127.77
$139.34
Monthly benefit
$5,150
$6,125
$6,125
Monthly benefit in five years
$5,150
$6,125
$7,101
Monthly cost
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Life Insurance
Basic
Optional
Schlumberger
You
Yes
No
2 x your admissible
compensation
Multiples of $25,000
 For your spouse
$10,000
Multiples of $25,000
 For your child(ren)
$5,000
Multiples of $5,000
Paid for by…
Automatic
Coverage
 For you
Remember:
You pay tax on premiums paid by
Schlumberger & an EOI form is
required for optional coverage
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Accident Insurance
Basic
Optional
Schlumberger
You
Yes
No
2 x your admissible
compensation
Multiples of $25,000
 For your spouse
N/A
Multiples of $25,000
 For your child(ren)
N/A
Multiples of $5,000
Paid for by…
Automatic
Coverage
 For you
Remember:
No medical evidence is
required on AD&D coverage
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Ask yourself the right questions to choose the right coverage!
WHAT YOU NEED TO THINK ABOUT
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What you need to think about
Health and Dental
 Look at this year’s claims
 Think about what’s changed
 Chronic conditions?
 The need for major
dental work
 Orthodontia planned?
 Talk to your doctor and dentist
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What you need to think about (continued)
Long-term Disability
 Think about your current
financial obligations
 Consider other family income
 Determine what your future
income needs will be
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What you need to think about (continued)
Life and Accident Coverage
 Think about your current financial
obligations
 Determine what your future
income needs will be
 What would your family need if
you weren’t there?
 Consider other insurance
coverage you may have
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What you need to think about (continued)
Taxable Benefits
 Premiums on a number of benefits are taxable
 You’ll see the amount on your pay slip
 You pay tax on:
 Flex dollars used to pay for life insurance
 Flex dollars used to pay for accident insurance
 Business travel accident insurance premiums
 Wellness Account reimbursements
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What you need to think about (continued)
Retirement and Savings
 Check out your Sun Life
retirement and savings
accounts
 How much are you
contributing? Should you be
contributing more?
 Have you used the Sun Life
financial planning tools?
 What about your
investments?
 Do you have a beneficiary
on file?
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mysunlife.ca
WHAT YOU NEED TO DO
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What you need to do
www.slb-benefits.ca
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What you need to do (continued)
Step 1: Log on
 Go to the YBR website
 You can sign on from any
computer with Internet access
 Use your General Identification
Number (GIN) and your Your
Benefits ResourcesTM (YBR)
PIN to log on.
 If you have forgotten your PIN,
just click on “I Forgot My PIN”
on the home page
www.ybrcanada.hewitt.com/slb
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What you need to do (continued)
You can reset your PIN
yourself …
… but you need to set it up
 When you click on “I forgot my
PIN”, you’ll be asked to set up
your security questions
 The next time you forget, you
can just answer the security
questions and reset your PIN
immediately
 Why not set it up now?
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What you need to do (continued)
Step 2: Select your benefits
The YBR site will guide you to
 Verify your contact information
 Verify your dependent information
 Choose your benefit options for you
and your dependents
 Review your beneficiary(ies)
 Allocate any excess flex dollars to
your HCSA or Wellness Account
www.ybrcanada.hewitt.com/slb
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What you need to do (continued)
Step 2: Select your flex benefits
 Save your choices if you need to leave
the YBR site before you have
completed your enrollment
 You can continue where you left off
next time you log on
 Once you click on “Complete
Enrollment” your choices will be saved
and will become your coverage for
next year
www.ybrcanada.hewitt.com/slb
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What you need to do (continued)
Step 3: Complete your forms
 You may need to complete
beneficiary designation forms for
your life and AD&D insurance
 If you choose optional life
insurance for you or your spouse,
you will need to fill out an
Evidence of Insurability form
 If you don’t return your signed
forms, your changes, including
any new beneficiary designation,
will not take effect
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What you need to do (continued)
If you don’t enroll
Benefit
Default Coverage
Extended Health Care
Option 1
Provincial Health Care (BC only)
Current coverage
Dental
Option 1
Basic Employee Life
2 x eligible compensation
Basic Spouse Life (if on file)
$10,000
Basic Child Life (if on file)
$5,000
Basic AD&D
2 x eligible compensation
Long-Term Disability (LTD)
Option 1
Any excess flex dollars
Deposited to your Wellness Account
2015 Annual Enrollment – November 3 to 21
QUESTIONS?
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