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Stericycle Benefits
Supplemental Benefit Plans – Covering You Beyond Healthcare
October 2021
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• How to ask questions during this webinar
• Overview of Enrollment and Changes for 2022
• Resources
• Summary of Stericycle Benefit Plans
• Overview of Supplemental Benefit Plans
• Benefit Plan Resources and Contacts
• Q & A
Agenda
Questions or Comments
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To submit a question or comment :
1. Email to [email protected]
2. Use the WebEx chat or Q&A functions
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Enrollment Information• Annual Enrollment will take place from October 11 – October
22, 2021, for benefits effective January 1, 2022
• Enroll via YBR:
• Web: www.ybr.com/stericycle
• Mobile app: Search “Alight Mobile”
• Phone: 855-381-8326
2022 Team Member Contributions• Medical/Dental contributions increasing only 2% ($1 - $12 per
month depending on plan and level of coverage)
• Healthcare costs expected to increase by over 7% in 2022
• Stericycle is absorbing a majority of that increase
Overview of Enrollment and Changes for 2022
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Voluntary Plan Changes• Change in vendor from Prudential to MetLife
• Two new plans – Hospital Indemnity and Pet Insurance –in addition to existing plans (Critical Illness and Accident)
FSA Rollover to 2022• Unused 2021 Healthcare and Dependent Care FSA funds
will rollover to 2022
• Automatic process – no TM action necessary
• Consider this rollover when making 2022 elections
Overview of Enrollment and Changes for 2022
• Benefits Video• What’s New Document• For Your Benefit guide• FAQs• Links to Important
Websites• Webinar Registration and
Recordings
Benefits Website and Resources
The Benefits website can be found at:
• https://www.stericycle.com/en-us/benefits
Upcoming webinars
• Medical Plans – More than just medical coverage
• Medical Plans – Which is right for you?
• Supplemental benefit plans –covering you beyond healthcare
• The Easiest Way to Lower Prescription Costs – Rx Savings Solutions
Additional Q &A is welcome at the Stericycle Benefits – Open Office Hours webinars
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Learn more about all of your benefits in the For Your Benefits Guide
Core Healthcare Plans
• Medical – 3 plan choices (two high deductible plans, one PPO)
• Dental – 2 plan choices
• Vision – 1 Plan
• HSA account (if you enroll in a high deductible medical plan)
• Including Stericycle contribution
• FSA accounts – healthcare and dependent care
Summary of Stericycle Benefit Plans
Supplemental Plans
• Voluntary Benefits (Accident, Critical Illness, Hospital)
• Rx Savings Solutions*
• Real Appeal (weight management)*
• Livongo (diabetes management)
• Employee Assistance Program (EAP)*
• Pet Insurance
• Group Legal
Financial Wellness/Protection Plans
• 401(k) Retirement Plan with company match
• Employee Stock Purchase Plan (ESPP)
• Life and AD&D insurance*
• Short-term Disability (STD) and Long-term Disability (LTD)*
• Tuition Reimbursement Program*
• SteriCares Hardship Fund*
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*Provided at no cost to Stericycle Team Members and eligible dependents enrolled in a Stericycle medical plan
Supplemental Medical Insurance
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These benefits are not a replacement for traditional
medical insurance. They are a supplement to this coverage.
Hospital indemnity insurance
Accident insurance
Critical illness insurance
These benefits can
help offset the financial gaps:
Copays
Deductibles
Out-of-network doctor visits
Therapy
Out-of-pocket costs
not covered by health
insurance may include:Enrolled in a HSA
medical plan?
These supplemental medical plans provide
money that you can use to pay toward your out-of-pocket medical costs, like your deductible or coinsurance or use the
money to help with daily living expenses while you are on the
mend.
Supplemental Medical Insurance - Plan Features
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Guaranteed issue coverage
Payments are made directly
to you to spend as you choose
Claims are paid fast
Take coverage with you if you change jobs or retire
Critical Illness
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Example of Initial & Recurrence Benefit Payments2
The example below illustrates an employee who elected a Benefit Amount of $30,000 and has a Total Benefit Amount of 5 times (or 500%) of the Benefit Amount or $150,000.
Illness – Covered Condition Payment Total Benefit Remaining
Heart Attack – first verified diagnosisInitial Benefit payment of $30,000 or
100%.$120,000
Heart Attack – second verified diagnosis, two years later
Recurrence Benefit payment of $30,000 or 100%
$90,000
Kidney Failure – first verified diagnosis, three years later
Initial Benefit payment of $30,000 or 100%
$60,000
You have a choice of
a $10,000, $20,000,
$30,000, $40,000 or
$50,000 Benefit Amount
Your Total Benefit Amount
will be 5 times the Benefit
Amount you selected
You can receive Initial and
Recurrence Benefit1
payments until your Total
Benefit Amount is reached
Critical Illness
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Conditions
• Cancer
• Heart Attack
• Stroke
• Coma
• Severe Burn
• Major Organ Transplant
• Coronary Artery Bypass Graft
• Loss of: Ability to Speak; Hearing; Or Sight
• Paralysis
• Sudden Cardiac Arrest
• 7 Childhood Diseases
• 10 Infectious Diseases
• 6 Progressive Diseases
Please review the plan documents for more information and exclusions
Accident Insurance
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You have a choice of two plans: Low Plan and High Plan
Hospital coverage(due to an Accident & Sickness)
$1,000for the day of admission
$200 a day for non-ICU confinement up to 15 days
$200 a day for ICU confinement up to 15 days
$2,000for the day of admission
$300 a day for non-ICU confinementup to 15 days
$300 a day for ICU confinementup to 15 days
Medical services & treatment –15 covered medical services & treatments
Ranging from $25 – $1,000 per medical service/treatment
Ranging from $35 – $1,500 per medical service/treatment
Injuries –12 covered injury types
Ranging from $15 – $10,000 per injury
Ranging from $25 – $15,000 per injury
Covered conditions Low PlanMetLife Accident Insurance pays you
High PlanMetLife Accident Insurance pays you
Inpatient Rehabilitation(paid for up to 15 days Accident)
$75 per night, up to 15 nights$150 per night, up to 15 nights
Accident Insurance
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Covered Events – below are some examples
• Fractures/Dislocations
• Concussion
• Coma
• Cuts/Lacerations
• Broken Tooth
Injuries
• Air/Ground Ambulance
• Emergency/Non-Emergency Care
• Physician Follow-Up
• Therapy Services
• Pain Management
• Blood/Plasma/Platelets
• Outpatient Surgery
Medical Services & Treatments
• Admission
• Confinement
• Admission – Intensive Care Unit (ICU)
• Confinement – ICU
• Inpatient Rehabilitation Unit
Hospital – Accident
Hospital Indemnity
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Newborn Confinement(Newborn Nursery Care)
$25 per day, up to 2 days per confinement
$50 per day, up to 2 days per confinement
ConfinementConfinement – $100 a day, up to 15 daysICU Supplemental Confinement – $100 a
day, additional benefit up to 15 days
Confinement – $200 a day, up to 15 daysICU Supplemental Confinement – $200 a
day, additional benefit up to 15 days
AdmissionAdmission – $1,000 per calendar year Admission – $2,000 per calendar year
Hospital Coverage (Accident and Sickness)
Covered ConditionsLow Plan
MetLife Hospital Indemnity Pays YouHigh Plan
MetLife Hospital Indemnity Pays You
Hospital Indemnity
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• Admission
• Confinement
• Newborn Confinement
Hospital – Accident and Sickness
• ICU Supplemental Confinement
Intensive Care Unit Coverage –Accident and SicknessHI4
Covered Events – below are some examples
Health Screening Benefit
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MetLife provides an annual
Health Screening Benefit of $50
for taking one of the eligible
screening/prevention measures.
This benefit is available for all
members enrolled in Critical
Illness and/or Hospital Indemnity.
This coverage would be in addition to the
Total Benefit Amount payable for previously
mentioned Covered Conditions.
Pet Insurance
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Help take the worry out of covering the cost of unexpected visits to the vet with your furry family members with MetLife Pet Insurance1.
You may be able to cover up to 90% on veterinary expenses from any licensed veterinarian, specialist or emergency clinic in the U.S.
Average annual cost for a routine vet visit is $212 for a dog and
$160 for a cat; and average annual cost
for surgical vet visit is $426 for a dog and
$214 for a cat
$$$
24%
of pet parents have credit card or
personal loan debt to cover pet health
and vet costs
More than 6 in 10 pet owners said their pet
has had an emergency medical expense
6 in 10+
$
A small monthly payment can help take the stress out of paying vet expenses down the
road
Pet Insurance
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Accidental injuries
illnesses
exam fees
surgeries
medications
ultrasounds
hospital stays
x-rays and diagnostic tests
Pre-existing conditions may not be covered.
hip dysplasia
hereditary conditions
congenital conditions
chronic conditions
alternative therapies
holistic care
and much more!
Coverage also includes
What does Pet Insurance cover?
When applying for a policy
with MetLife, there are:
✓ No breed exclusions
✓ No upper age limits
✓ No initial exam or previous vet
records needed to enroll4
✓ No per-incident or lifetime limits
Life and AD&D Insurance
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Basic Life Insurance and Accidental Death & Dismemberment Insurance (AD&D) is provided as follows:
✓Basic Life: $50,000 provided for all benefit eligible Team Members
✓AD&D: $50,000 provided for all benefit eligible Team Members
✓At no cost to you!
Optional Life Insurance may be purchased for:
✓Yourself: up to 8X base pay (or $2 million, whichever is less), in $10,000 increments
✓Your Spouse: up to $250,000 coverage or 100% of TM coverage
✓Your Children: up to $25,000 coverage or 100% of TM coverage
Optional AD & D may be purchased for:
✓Yourself: up to 8X base pay (or $2 million, whichever is less), in $10,000 increments
✓Your Spouse: up to 50% of your optional AD&D election
✓Your Children: up to 20% of your own optional AD&D election
Note: Life and AD&D insurance coverage levels reduce once you reach age 65. See plan document for additional details.
Disability Plans
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• Provided at no cost to TMs
• 60% of weekly earnings
• 12 weeks of benefit payments after completing 7-day elimination period
• Payments made by Stericycle Payroll
Short-Term Disability
• Provided at no cost to TMs
• 60% of monthly earnings
• Benefits can continue up to age 65 or your Social Security retirement age
• Monthly payments from Lincoln Financial Group
Long-Term Disability
Disability plans administered by
Lincoln Financial Group
Have questions about the plans or need to initiate a claim? Call
Lincoln directly at 877-788-9641
Voluntary Benefits
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Pre-paid Legal Program
✓Available from MetLife Legal Plans
✓Access to a nationwide network of more than 13,000 qualified attorneys
✓Covers a range of services including document review and prep, estate planning, immigration assistance, family law, real estate transactions and more
✓Plan can be utilized unlimited over the course of the calendar year
Auto & Home Insurance
✓Available from Farmer’s Insurance
✓Purchase policies at discounted rates
✓Choose to be billed at home or have payroll deductions
- If you choose payroll deductions, you qualify for an additional 10% discount on your policy
✓Sign up at any time and the policies are portable if you leave Stericycle
Employee Assistance Program (EAP)
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Confidential assistance available through the EAP
✓No cost to you
✓EAP assistance is available to all Stericycle Team Members and their family members
✓Counselors are available 24 hours a day, 7 days a week
✓EAP can assist with a wide range of personal issues including emotional well-being, parenting and childcare, elder care referrals, workplace conflicts, addiction and recovery and many more
✓Up to five free face-to-face counseling sessions per year for each issue
Tuition Reimbursement Program
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Get help with education costs
✓No cost to you
✓Available to benefit eligible Team Members who have completed three months of employment
✓Provides financial reimbursement for continuing education and professional development
✓Eligible to receive up to $5,250 in reimbursements each calendar year
✓Visit the Benefits page on SteriPoint for more information
SteriCares Hardship FundWhat is SteriCares?
SteriCares is a hardship fund designed to provide financial assistance to Stericycle team members who are experiencing a temporary financial hardship due to a natural disaster or an unforeseen personal hardship. It is intended to help team members return to financial and emotional stability.
Who is eligible?
Active employees in a role below Director-level
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How does the program work?
Team members who experience a hardship due to an eligible event can apply for a financial grant. Approved applications will receive a grant of up to 3,000 USD (depending upon eligible event), which can be used to pay for expenses related to the hardship event.
Team members can apply for a grant if the hardship is a result of one of the following qualifying events:
• A natural disaster that may result in evacuation, cause personal injury, and/or cause damage to one’s primary residence
• Impact to one’s primary residence which results in significant expenses or repairs
• Death of a team member or their eligible dependent
• Serious life-threatening illness or injury
• Victim of a violent crime
• Domestic abuse
This is an additional benefit and does not replace any benefits
with this offering.
Make a donation or apply for a grant here:
https://www.stericaresfund.org/
• Benefits Video• What’s New Document• For Your Benefit guide• FAQs• Links to Important
Websites• Webinar Registration and
Recordings
Benefits Website and Resources
The Benefits website can be found at:
• https://www.stericycle.com/en-us/benefits
Upcoming webinars
• Medical Plans – More than just medical coverage
• Medical Plans – Which is right for you?
• Supplemental benefit plans –covering you beyond healthcare
• The Easiest Way to Lower Prescription Costs – Rx Savings Solutions
Additional Q &A is welcome at the Stericycle Benefits – Open Office Hours
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Learn more about all of your benefits in the For Your Benefits Guide
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Benefit Contact Information and ResourcesResource Where to Find Date Available
For Your Benefit Guide
• AE Packet
• Benefits website
(https://www.stericycle.com/en-us/benefits)
• Benefits website available week of September 20th
• AE Packets mailed September 29th
Enrollment Worksheet• AE Packet
• YBR website (www.ybr.com/stericycle)• AE Packets mailed September 29th• Enrollment available on YBR October 11th
2022 Benefits Video• Benefits website
(https://www.stericycle.com/en-us/benefits)• Benefits website available week of
September 20th
AE Webinars• Benefits website – registration and recordings
(https://www.stericycle.com/en-us/benefits)• Webinar recordings to be posted by the
end of week of Oct 11th
Your Benefits Resources
(YBR)• www.ybr.com/stericycle or 855-381-8326 • Enrollment opens October 11th
UnitedHealthcare • www.whyuhc.com/stericycle or 833-719-1698 • Available now
Stericycle Benefits Team
• Email – [email protected]
• Web - https://www.stericycle.com/en-
us/benefits
• Email – available any time• Web – website is available week of
September 20th
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Questions or Comments
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To submit a question or comment :
1. Email to [email protected]
2. Use the WebEx chat or Q&A functions
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If you do nothing during AE, all your current benefits will roll over to 2022 with the exception of your elections for contributions to your Health Savings Account (HSA) or Flexible Spending Account (FSA). These benefits will default to a $0 contribution election, however, you will continue to receive the Stericycle contribution to your HSA. Remember you can change your HSA contributions at any time during the plan year.
If I don’t enroll during AE, will my current benefits roll
over to 2022?
You have a few options for completing your enrollment – utilize the YBR website (www.ybr.com/stericycle), use the Alight Mobile app on your smart device or call YBR and speak to a representative (855-381-8326).
How do I complete my enrollment?
If you need assistance with completing your enrollment or if you have a question about your benefits, you can utilize the chat feature on the YBR website or Alight Mobile app or you can call YBR (855-381-8326).
Who do I contact if I need assistance?
Although you may not have utilized your healthcare plans very much in the past two years, the premiums are based on total costs associated with all plan member claims. These claims, plus healthcare cost inflation, which is expected to be over 7% in 2022, are factors that impact the healthcare premiums each year. For 2022, Stericycle is absorbing a majority of the 7% inflation and Team Member premiums are increasing by only 2% ($1 - $12 per month depending on plan choices).
Why do healthcare premiums continue to increase when I’ve rarely used my plans over the
past two years?
Frequently Asked Questions
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As a new hire, you will need to complete two enrollments – New Hire enrollment for your benefits for the remainder of 2021 and Annual Enrollment for your 2022 benefits. You will not be able to complete your Annual Enrollment until after you complete your New Hire enrollment. Once you complete your New Hire enrollment, your Annual Enrollment for 2022 benefits will open.
I’m a new hire and haven’t enrolled in my benefits yet.
Do I need to complete an Annual Enrollment?
If you have a qualified status change and need to make changes to your benefits (e.g. add a new dependent, drop a dependent, add or change coverages), you should contact YBR to process that change within 31 days of the date of your change. The updates to your benefits will be effective on the date of your qualified status change. If you only make updates during Annual Enrollment, your updates will be effective January 1, 2022.
I had a qualified status change (e.g. birth, marriage,
divorce). Should I make changes during Annual
Enrollment for this change?
You should complete your Stericycle Annual Enrollment during the enrollment period. After reviewing and completing your spouse’s Annual Enrollment, if you need to make a change to your Stericycle benefits, you should contact YBR for assistance by 12/31.
My spouse’s employer’s Annual Enrollment is later
than Stericycle’s. What should I do?
Frequently Asked Questions
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Visit the Benefits website at https://www.stericycle.com/en-us/benefits. On this site you can view the For Your Benefits guide as well as learn about the changes for 2022. You can also view the benefits video and register for AE webinars.
Be sure that your home address is correct in SuccessFactors and update accordingly if necessary.
I didn’t receive an Annual Enrollment packet in the
mail. Where do I get information regarding
Annual Enrollment?
No, your child is eligible to be covered until their 26th birthday. Their coverage will automatically end at the end of the month in which they turn 26. They will be offered an opportunity to continue their coverage via COBRA and information will be mailed to your home regarding COBRA. This process is automatic, and no action is needed on your part. Contact YBR if you have any questions.
My child is turning 26 in 2022. Do I need to drop
them from coverage during Annual Enrollment?
ID cards are only issued for medical and prescription coverage (you will receive a separate ID card for prescription drug coverage when you enroll in medical). The dental and vision plans do not issue ID cards. If you are currently enrolled in a medical plan in 2021 and are continuing your coverage into 2022, a new ID card will not be issued to you. If you are newly enrolling in medical coverage for 2022, you will receive your ID cards in late December.
Will I receive new ID cards in the mail for
medical/dental/vision?
Frequently Asked Questions
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