What’s New for 2013
Health Care Reform Updates
Under the Patient Protection and Affordable Care Act (PPACA), or Health Care Reform Act, changes for 2013 include:
- Flexible Spending Account (FSA) limit changed: The maximum you can save in your Health Care Spending Account will be $2,500 starting with 2013 (vs. the previous $5,000.) Note: The Dependent Care Spending Account maximum remains at $5,000. FSAs help you save money on taxes by setting aside pre-tax dollars for planned health care and dependent care expenses.
- W-2 health care benefits value reporting: Last year, Lockheed Martin began including on your W-2 the costs of certain health care benefits. Based on further IRS guidance, we are now able to exclude the tobacco cessation and employee assistance programs from this year’s W-2 reporting. Please note, the costs of health care benefits reported on your W-2 do not currently affect your tax liability.
- Coverage for dependents up to age 26 still available: Extending medical coverage to dependent children up to age 26 will continue.
- Women’s preventive services: The LM HealthWorks Plan already pays 100 percent of the cost for covered preventive care services. In 2013, additional preventive services for women become covered items under the Health Care Reform legislation. Services include: well-woman visits, screening for gestational diabetes, human papillomavirus testing, counseling for sexually transmitted infections, counseling and screening for HIV, contraceptive methods and counseling, breastfeeding support, supplies and counseling, screening and counseling for interpersonal and domestic violence. Please note, each plan may interpret the PPACA requirements differently, so check with your health plan.
Our team continues to look at the impacts of Health Care Reform legislation to identify all aspects of the new law that affect the Corporation’s health plans. Meanwhile, for more information about PPACA, please visit www.healthcare.gov.
Availability of Summary Health Information
The health benefits available to you represent a significant component of your Total Rewards package. They also provide important protection for you and your family.
Choosing health coverage is an important decision. To help you make an informed choice, your plan makes available a Summary of Benefits and Coverage (SBC), which summarizes important information about health coverage in a standard format.
SBCs will be posted on the Lockheed Martin Employee Service Center (LMESC) website in place of the health plan reports. A paper copy is also available, free of charge, by calling 1-866-562-2363, 1-800-833-8334 (hearing impaired) or 201-242-4397 (international callers).
Autism Treatment Benefit Added
For the first time, the LM HealthWorks Plan will cover diagnosis and outpatient short-term rehabilitation for Autism/Pervasive Development Delays. Coverage is available for up to 60 visits per year, combined for speech, physical and occupational therapies. Physical, speech and occupational therapies have been added for 2013.
New Savings on Lab Testing
Aetna and Quest Diagnostics have enhanced their relationship to provide Lockheed Martin health plan members with additional savings on lab testing. Ask your physician to use an in-network lab such as Quest Diagnostics. You can also take your doctor’s prescription to a Lockheed Martin Wellness Center.
Prescription Benefits
Express Scripts and Medco are now one company and will operate under the Express Scripts name. Until the process is complete, you may continue to see the Medco name. Continue to refill your prescriptions as you normally would by using your current prescription drug ID card, refill order forms, or the toll-free member services telephone number on your ID card. The company updated its website to reflect the Express Scripts name and branding.
During the transition, Medco’s website will redirect participants to the new Express Scripts site at www.express-scripts.com. You don’t need to re-register, but you will be asked to read and accept new terms of use page when you log in. There is no change to ID Cards; they will continue to reflect the Medco name. New ID cards will only be mailed to employees who add or change coverage.
