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WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS · will be effective from January 1 –...

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2016 Annual Enrollment 6501 W. William Cannon Dr. OE 331 Austin, TX 78735-8523 YOUR BENEFITS CONNECTION WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS Annual enrollment is your opportunity to review and elect your 2016 Freescale benefits. This newsletter provides you with an overview of what you need to know about your benefits for 2016. You can decide which plans offer you and your family the most value, and change or update your elections. For more details on your benefit options, go to freescale.com/benefits — and get connected to your 2016 benefits. 2016 ANNUAL BENEFITS ENROLLMENT: OCTOBER 19 - 30, 2015 You have until October 30 to make your selections. Review your choices — and get connected to your 2016 benefits.
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Page 1: WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS · will be effective from January 1 – December 31, 2016. The NXP merger will not affect your benefits — regardless of when

2016AnnualEnrollment

6501W.WilliamCannonDr.OE331 Austin,TX78735-8523

YOUR BENEFITS CONNECTION

WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS

Annual enrollment is your opportunity to review and elect your 2016 Freescale benefits. This newsletter provides you with an overview of what you need to know about your benefits for 2016. You can decide which plans offer you and your family the most value, and change or update your elections. For more details on your benefit options, go to freescale.com/benefits — and get connected to your 2016 benefits.

2016 ANNUAL BENEFITS ENROLLMENT: OCTOBER 19 - 30, 2015

You have until October 30 to make your selections. Review your choices — and get connected to your 2016 benefits.

Page 2: WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS · will be effective from January 1 – December 31, 2016. The NXP merger will not affect your benefits — regardless of when

CONNECT TO YOUR BENEFITS: IT’S TIME FOR ANNUAL ENROLLMENT Annual enrollment is your opportunity to review plan

optionsandchoosebenefitsthatarebestforyouandyour

family.Wouldyouliketokeepwhatyouhavenow?Or,isit

timetotakeanotherlookatyourbenefits—becauseyour

familyhasgrown,yourneedshavechanged,oryousimply

wanttocheckoutwhat’snew?

The elections you make during this annual enrollment will be effective from January 1 – December 31, 2016. The NXP merger will not affect your benefits — regardless of when the deal closes.

WHAT YOU NEED TO KNOW ABOUT YOUR BENEFITS FOR 2016Mostofyourcurrentbenefitsoptionsarenotchangingin

2016.Buttherearesomeenhancementsandotherdifferences

fortheyearahead.Here’sabriefoverview.Formore

information,connectonline,atfreescale.com/benefits.

• MEDICAL:Youwillcontinuetohaveachoiceof

comprehensivehealthcarebenefits—throughthe

ChoicePlusExclusiveProviderOption(EPO),the

ChoicePreferredProviderOption(PPO),andthe

MedicalSavingsPlan(MSP).

—NEWMSPPROVISIONSFOR2016:Out-of-pocket

maximumsforMSPfamilycoveragewillbesubstantially

lower(reducedfrom$10,000to$6,850),soyoucan

startreceiving100%coveragesooner.Inaddition,

youcancontributemoretothevoluntaryHealth

SavingsAccount.

—Ifyouneedtoenrollnewdependentsformedical

coverage,youwillbeaskedtocertifytheireligibility.

—Likemostemployers,Freescalehasbeenaffected

byrisinghealthcarecostsandwillpaymorefor

medicalandpharmacycoveragein2016.Asaresult,

mostcontributionswillincreasebetween3%and

8%,dependingonyourplanoptionandnumberof

covereddependents.Seefreescale.com/benefits

fordetails.

• DENTAL: Yournewdentalplanadministratorwillbe MetLife.Whilecontributionsandnetworkcoverage

aresimilartoyourcurrentplan,theremaybesome

differencesinnetworkdentalprovidersandout-of-

networkclaimreimbursements.

• VISION: Benefitswillcontinuetobeofferedthrough VisionServicePlan(VSP).Yourcoveragehasbeen

expanded—withverylittlechangeincontributions.

• LIFE INSURANCE: YourBasicLife,Supplemental Life,andAccidentalDeath&Dismemberment

benefitswillcontinue,andsomeofyouwillsee

decreasesinSupplementalLiferates.Youwillhave

newspouseandchildlifeinsuranceoptionsavailable

toyou—withincreasedcoveragelevelsand,inmany

cases,reducedrates.

• DISABILITY: YourShort-TermDisability,Short-Term Disabilitybuy-up,andLong-TermDisabilitycoverage

willnotchangein2016.TheLong-TermDisabilitybuy-up

willnolongerbeoffered.

• LEGAL ASSISTANCE: Youwillhaveaccesstoanew benefit:HyattLegal,anetworkofattorneysthat

providesyouwithunlimitedconsultationsand

coveredlegalservices.

• 401(K) PLAN: Freescalecontinuestohelpyousave forretirement—matchingyourpersonalcontributions,

dollarfordollar,upto5%ofyoureligiblecompensation.

Taketimetoreviewyour401(k)accounttoensureyou

areontracktomeetyourlong-termfinancialneeds.

Watchformoreinformation,comingsoon.

Freescale continues to offer comprehensive benefits that help you and your family protect your health, build savings for retirement and enhance your lifestyle. As we look ahead to changes that will strengthen our company, you can count on a competitive benefits program, giving you the power to plan — both for today and into the future.

Page 3: WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS · will be effective from January 1 – December 31, 2016. The NXP merger will not affect your benefits — regardless of when

MAKING YOUR CONNECTION: BENEFIT TIPS & TOOLS Annualenrollmentisatimetore-evaluateyourbenefits.

Whileit’sagoodideatoexamineyourneedseachyear,

youmayalsowanttothinkabouthowtouseyourbenefits

betterinthecomingyear—andgetthebestvalueforyou

andyourfamily.Freescaleoffersyouresourcesandtoolsto

supporttheseefforts,suchasthefollowing:

• FLEXIBLE SPENDING ACCOUNTS(FSAs)letyou usebefore-taxdollarstocovereligiblehealthand

dependentdaycareexpenses.Ifyouarenot

participatingineitheraHealthorDependentCare

FSA,thisisyourchancetoconsiderthepotential

impactofthesetaxsavings.TheFlexibleSpending

AccountEstimator,availableonlineduringannual

enrollment,canhelpyouestimatethecontribution

amountsthatmakesenseforyouandyourfamily.

• WELLNESS BENEFITSincludeannualwellness screenings,onsiteactivitycenters(atsomelocations),

anon-tobacco-userdiscountof$50/monthonmedical

contributionsanda$240reimbursementforsuch

expensesasgymmembershipsandfitnessactivities.

• Connect to ALEX,yourvirtualbenefitadvisor,at myalex.com/freescale/2016.Thisinteractive

Web-basedtoolshowshoweachplanworksand

helpsyoudeterminewhichonemaybebestforyou.

• TELADOCisatelephoneandWeb-basedbenefit, availabletoanyoneenrolledinthemedicalplan.

Itprovides24/7accesstoboard-certifieddoctors

whocanresolvemanyminormedicalissues—

wheneveryouneedhelp,whereveryoumaybe.

Getstartedbyregisteringatteladoc.com/freescale

orcalling1-855-Teladoc(835-2362).

• GUIDEDCHOICE,anindependentinvestment advisoryservice,canhelpyouplanforretirement

byrecommendinghowmuchtosaveandwhich

fundstoinvestin,basedonyourcurrentsituation

andlong-termfinancialobjectives.Thisadvice

isbothobjectiveandfree.Plus,foranominalfee,

youcanelecttohaveGuidedChoicemanage

youraccountforyou.

GETTING CONNECTEDNEED MORE INFORMATION?You can access benefits information at any time, including 2016 contributions, at freescale.com/benefits. You can also get answers to your benefit questions by calling Freescale Rewards Customer Service, Monday through Friday, from 8:30 a.m. to 5:30 p.m. Central time — at (888) 375-2367.

READY TO ENROLL?You can enroll online 24/7, October 19 - 30, at freescale.com/rewards. During that time, if you prefer, you can enroll by phone, through Freescale Rewards Customer Service, Monday through Friday, from 8:30 a.m. to 5:30 p.m. Central time — at (888) 375-2367.

Page 4: WHAT YOU NEED TO KNOW TO ENROLL IN YOUR 2016 BENEFITS · will be effective from January 1 – December 31, 2016. The NXP merger will not affect your benefits — regardless of when

WHATS NEXT? • Annual enrollment is your once-a-year opportunity

toreassessyourbenefitneeds,exploreyourplan

options,considerpotentialchanges,andselectyour

2016benefits.Annual enrollment is Monday, October 19 through Friday, October 30.

• Visit freescale.com/benefitsfordetailsonall your2016benefits.Also,usealltheonlinetools

availabletoyouinmakingdecisionsthatarebest

foryouandyourfamily.

• BetweenOctober19and30,besuretovisit

freescale.com/rewards,toenrollfor2016benefits coverage.Youcanalsousefreescale.com/rewards

toreviewyour401(k)planfeatures,modelsavings

scenarioswiththeinteractiveplanningtools,and

makecontributionandinvestmentelections.

TAKE ACTION AND ENROLL OCTOBER 19 - 30! If you do not make new elections by October 30, 2015, you will be automatically re-enrolled in your current benefits — including your 2015 contributions to Health and Dependent Care Flexible Spending Accounts — for all of 2016.

This means, too, that if you are currently enrolled in the Medical Savings Plan, your 2016 Health Savings Account and Limited Use FSA contributions will default to $0. You must make new elections each year to continue to contribute to these accounts.

This mailer updates information about the Freescale Employee Benefits Plan. Please note that the official plan documents and insurance contracts serve as the final authority in all matters related to plan provisions, operations, and administration, and control over any error, omission, or ambiguity contained herein. If there is any discrepancy between the information provided in this mailer and provisions of the plan documents, the plan documents will govern. Freescale has the right to terminate, suspend, withdraw, amend, or modify the plans, in whole or in part, at any time for any reason. If you have any questions on the information provided in this mailer, please contact Freescale Rewards Customer Service at (888) 375-2367.


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