PowerPoint Presentation

2019 -2020 Employee Benefit Guide Associates

AN OVERVIEW OF THE COMPREHENSIVE BENEFITS

PROVIDED BY CLAYTON, DUBILIER & RICE TO HELP YOU PROTECT YOUR HEALTH, WEALTH AND WELL-BEING.

TABLE OF CONTENTS

1) Benefits Summary and Coverage

3

2) Medical Benefits

6

3) Difference Card

11

4) CD&R Medical, Dental, Vision (CDR-MDV) Account

17

5) Dental Benefits

18

6) Vision Benefits

20

7) Global Tracking & Emergency Response

21

8) Air Ambulance

23

9) Travel Assist

24

10) Life and Accidental Death & Dismemberment (AD&D)

25

11) Long-term Disability (LTD)

26

12) Employee Assistance Program (EAP)

27

13) 401(k)

28

14) Commuter Benefit

32

15) Resources

33

Benefits that go beyond the basics

The health, satisfaction and security of you and your family are important to your well-being. We know that wellness can have a significant and positive impact on every aspect of your life, both in and out of the office.

The “Total Rewards” that you receive as a Clayton, Dubilier & Rice employee are far greater than your paycheck. In addition to your base salary and incentive program, you receive health and insurance benefits that typically represent a significant portion of your overall compensation. You also have retirement plans that include a 50% firm-match to help you save for the future, and so much more.

Coverage

Carrier

Who Pays?

Medical – Primary Coverage

United Healthcare (Oxford)

Clayton, Dubilier & Rice

Medical – Secondary Coverage

The Difference Card

Clayton, Dubilier & Rice

Dental

MetLife

Clayton, Dubilier & Rice

Vision

MetLife

Clayton, Dubilier & Rice

Global Medical Support & Evacuation

Global Guardian

Clayton, Dubilier & Rice

Global Tracking & Emergency Response

Global Guardian

Clayton, Dubilier & Rice

Travel Assist

UNUM

Clayton, Dubilier & Rice

Life / Accidental, Death & Dismemberment (AD&D)

UNUM

Clayton, Dubilier & Rice

Long-Term Disability

UNUM

Clayton, Dubilier & Rice

Employee Assistance Program (EAP)

ComPsych

Clayton, Dubilier & Rice

401(k)

Merrill Lynch

You & Clayton, Dubilier & Rice

Transit FSA

TransitChek

You

This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.

2019 -2020 Employee BenefitGuide

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What’s New for 2019-2020?

Medical • Emergency Room Coverage :

• Your Oxford ER benefit went from a $700 copay to 30% after the deductible • You will still only be responsible for $50 of the cost through The Difference Card • Instead of being able to swipe your card at the emergency room, now you will need to submit your bills for reimbursement from the Difference Card

Good news, there will be no other changes to your benefits effective 12/1/19- 11/30/20

This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.

2019 -2020 Employee BenefitGuide

4

Benefit Coverage

CHANGES AND QUALIFYING EVENTS

When Coverage Begins and Ends

• Your coverage begins on your first day of employment with Clayton, Dubilier & Rice. • Your coverage under the benefits plans will end if you no longer meet the eligibility requirements or at the end of the month following your date of termination.

Open Enrollment

• Eligible employees may enroll or make changes to their Medical, Dental and Vision benefits elections during the annual open enrollment period. • November 1 st through November 30 th Qualifying Events • As with most benefits, once you elect an option you are bound to that choice for the entire plan year unless you experience a “Qualifying Event”. These qualifying events may include, but are not limited to:

 Changes in employment status

 Changes in legal marital status

 Changes in number of dependents

 Dependent satisfies or ceases to satisfy eligibility requirement

This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.

2019 -2020 Employee BenefitGuide

5

Health Benefits

You are unique. And so are your healthcare needs. That’s why we have created comprehensive benefits to support you and your family’s overall well being and minimize the out-of-pocket cost.

By layering the insurance – first with a primary insurer, Oxford (medical) and MetLife (dental and vision), and then with firm self-insurance using the Difference Card, your overall costs are minimized.

CD&R – MDV

Insurance

Difference Card

(managed by the Difference Card)

The firm pays 100% of your health insurance premiums (medical, dental and vision)

The Difference Card works like a credit card to offset medical copays & deductibles. After all forms of reimbursement, if there still remains a balance, the Difference Card will then take any appropriate non-covered out- of-pocket (OOP) expenses and move them to the CD&R MDV account.

When OOP exceeds $1,000 for individuals and $2,000 for families, the Difference card will reimburse you at 80%.

Your maximum out-of-pocket cost

Individual

Family

$1,000 plus

$2,000 plus

20% of remaining out-of-pocket expenses*

*These costs would most likely occur for vision and dental or if you use out-of-network providers for medical.

This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.

2019 -2020 Employee BenefitGuide

6

Medical – Oxford Benefit Details

PLAN FEATURES

IN NETWORK

OUT OF NETWORK

Amounts below are Oxford’s benefits. These amount don’t reflect your ultimate out-of-pocket expenses – see the Difference Card.

Annual Deductible

Individuals: $2,500

Families: $5,000

Individuals: $4,000

Families: $8,000

Out-of-Pocket Maximum

Individuals: $7,150

Families: $14,300

Individuals: $6,000

Families: $12,000

Coinsurance

30% coinsurance after deductible

50% coinsurance after deductible

$40 copay per visit Primary Care / $70 copay per visit Specialist

Primary Care/Specialist Visit

50% coinsurance after deductible

Preventive Care

No charge

50% coinsurance after deductible

Labs/Diagnostic & Imaging Services

Diagnostic Tests: No charge Imaging: 30% coinsurance after deductible

Diagnostic Tests: 50% coinsurance after deductible Imaging: 50% coinsurance after deductible

Pharmacy Deductible

$200

Not covered

Pharmacy/RX (Generic)

$15 copay

Not covered

Pharmacy/RX (Preferred)

$45 copay after $100 deductible

Not covered

Pharmacy/RX (Non-Preferred)

$75 copay after $100 deductible

Not covered

Outpatient Procedure

30% coinsurance after deductible

50% coinsurance after deductible

Emergency Room

30% after deductible

30% after deductible

Urgent Care

$75 copay per visit

50% coinsurance after deductible

Inpatient Visit

30% coinsurance after deductible

50% coinsurance after deductible

Annual Deduc tible - The amount you have to pay each year before the plan starts paying a portion of medical expenses. All family members’ expenses that count toward a health plan deductible accumulate together in the aggregate; however, each person also has a limit on their own individual accumulated expenses (the amount varies by plan).

Copays and Coinsurance - These expenses are your share of cost paid for covered health care services. Copays are a fixed dollar amount you pay at the provider or pharmacy. Coinsurance is your share you are responsible for 30% of the cost of an outpatient visit once your deductible has been met

This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.

7

2019 -2020 Employee BenefitGuide

Clayton, Dubilier & Rice

2019-2020 Employee Benefit Guide

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