Schlumberger 2017 Annual Enrollment

November 7 to 25, 2016 November 7 to 25, 2016

What we’ll talk about today

What’s new for 2017 What you need to know Plan refresh Making your decision What you need to do

2

2017 Annual Enrollment – November 7 to 25 2017 Annual Enrollment – November 7 to 25

WHAT’S NEW FOR 2017New Carriers… Price Changes

3

What’s New for 2017

Carriers & Plan Design New Carriers

Sun Life – Health and Dental and Life insurance Cigna – LTD and STD Industrial Alliance – AD&D

Health and Welfare Plan – No change Existing medical & dental plan options Current wellness benefits, including incentives Existing enrollment platform and benefits service center

4

What’s New for 2017 (continued)

Critical Illness Optional coverage Provides a tax-free lump sum that you can

spend how you choose Paid through payroll deductions Units of $10,000, starting at $20,000 to a

maximum of $250,000 You can select up to $50,000 in coverage

without providing EOI This year only! Premiums are based on your gender, age

and smoking status You can also purchase $5,000 in critical

illness coverage for your child(ren)

5

You can use it for …

Treatment outside of Canada

Treatments not covered by your provincial plan

Child care Travel to a regional

treatment centre Meals Parking New or experimental

drugs Lost income for a family

member to support the patient.

What’s New for 2017 (continued)

6

Critical IllnessCovered illnesses include:Aortic surgeryAplastic anemiaBacterial meningitis Benign brain tumourBlindnessCancer (life-threatening)ComaCoronary artery bypass surgeryDeafnessDementia, including Alzheimer’s diseaseHeart attackHeart valve replacement or repairKidney failure

Loss of independent existenceLoss of limbsLoss of speechMajor organ failure on waiting listMajor organ transplantMotor neuron diseaseMultiple sclerosisOccupational HIV infectionParalysisParkinson’s disease and specified atypical parkinsonian disordersSevere burnsStroke

For children:Cerebral palsyCongenital heart diseaseCystic fibrosisDown’s syndromeMuscular dystrophyType 1 diabetes mellitus*

Note: Check out Enrollment Central for more details

*

What’s new for 2017 (continued)

Price Tags and Flex Dollars Extended health care and dental care

Modest increase Schlumberger-paid life insurance is decreasing

Coverage cost is going down by 23% Spouse and dependent child(ren) now a combined rate

Accident insurance is decreasing Coverage cost is going down 25%

Long-term disability costs are decreasing Your cost is going down by over 7% LTD rates are held for 3 years

7

What you need to knowOur Carrier is changing….what next?

8

What you need to knowPlan Transition Mid-December

Employees will start receiving their new drug cards in the mail The drug cards will only be in the employee name

Employees will receive a Sun Life benefit booklet in the mail January 1, 2017

Employees will have access to their health and welfare plan on mysunlife.ca/Schlumberger

Claims from this date onward go to Sun Life March 31, 2017

Claims incurred up to December 31, 2016, may be submitted by mail, using the GWL claim forms and with your receipts. March 31, 2017 is the last date in which GWL will accept 2016 claims

9

What you need to know

Plan Transition Pre-Authorized Drugs

Approved drugs automatically transfer to Sun Life Contact the benefits team if there are any issues

Flex dollars Eligible remaining flex dollars will transfer to Sun Life Ensure that you use your flex dollars before the end of 2016 and

get your claim in by March 31, 2017

10

Don’t forfeit! You have two years to use the money in the HCSA and Wellness accounts.

*

What you need to know

Go to

11

What you need to know

12

What you need to know

13

Benefits in your pocket

Plan refreshJust in case you’ve forgotten …

14

Health Risk Assessment

Health Risk Assessment = $100 in Flex Dollars

15

The Health Risk Assessment takes 20 to 30 minutes

It gives you a picture of your health as well as tips on what you can do to improve your wellness

It’s completely confidential You can go back and review it

any time

Who’s Covered?

You can cover: Yourself Yourself + one dependent Yourself + two or more

dependents

Learn – When Things Change

Life changes! So can your benefits You can change your coverage:

During the annual enrollment period each year After you have a life event

Be sure to make your benefit changes on the enrollment tool within 30 days of any life event https://schlumberger.seb-admin.com

Life events include marriage, divorce, the birth or adoption of a child, the death of a dependent, or your spouse gaining or losing his or her benefits coverage.

Learn -- Extended Health Care Plan

18

Option 1 Option 2 Option 3

Reimbursement• For all eligible

expenses70% 90% 100%

Prescription drugs• Deductible Dispensing fee Dispensing fee Dispensing fee

Hospital Semi-private Semi-private Private

Vision care (24 months) None $150 (PVS) $350(PVS)

Paramedical services

• Maximum per service $500 $500 $1,000

• Annual combined max $1,500 $1,500 $1,500

Orthotics (annual max) $150 $150 $150

Learn – Prescription DrugsLowest cost alternative Lowest-cost alternatives are

often a generic drug Generic drugs Same active ingredients as

brand name drugs Same Canadian manufacturing

and safety standards Pre-authorized drugs with GWL

will transfer to Sun Life

19

How does that work? Bob is diagnosed with high

blood pressure His doctor gives him a

prescription for Benicar His pharmacist provides him

with olmesartan, a generic version of Benicar

If there is a medical reason for choosing a brand name drug, your doctor can complete a Prior Authorization form. It’s on the Sun Life website under Group forms

Prescription Drugs

Purchase Your 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

20

Learn – Dental Plan

Option 1 Option 2 Option 3 Option 4

Deductible None None None

No coverage

Basic dental• Recall exams• Periodontics

70%6 months16 units

90%6 months16 units

100%6 months16 units

Major dental• Crowns

50%Included

70%Included

80%Included

Combined maximum $1,500 $2,000 $3,000

Orthodontia• Under age 18• Lifetime max

No coverage 50%$2,000

50%$3,000

21

Learn -- Life InsuranceBasic Optional

Paid by… Schlumberger You Automatic Yes No

Coverage

For you 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

22

Schlumberger-paid premiums are taxable Current optional life insurance in place will be

grandfathered with Sun Life If you add or increase your coverage, you’ll need to

provide Evidence of Insurability

No EOI required for employees transferring current coverage from GWL

*

Long-Term Disability

23

Option 1 Option 2 Option 3

Formula 60% of first $3,000 +

50% of next $4,000

+45% of remainder

65% of first $7,500 +

50% of remainder

65% of first $7,500 +

50% of remainder

Indexing No No Yes

Monthly maximum $15,000 $15,000 $15,000

Learn -- Accident Insurance

24

Basic OptionalPaid for by… Schlumberger You Automatic Yes No

Coverage For you 2 x your admissible

compensationMultiples of $25,000

For your spouse N/A Multiples of $25,000

For your child(ren) N/A Multiples of $5,000

No evidence of insurability is required for AD&D coverage

Some benefits are taxable

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 Wellness Account reimbursements

25

Making your decisionHow do you choose? What do you need to think about?

26

Decide – Health and Dental

27

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 Look at your spouse’s coverage

Decide – Coordinating Your Benefits

If you coordinate your benefits with your spouse … Receive up to 100% coverage

by coordinating your two plans Choose a lower option with a

less expensive price tag Have more flex dollars to direct

elsewhere or deposit into your HCSA and/or Wellness Account.

Decide – Coordinating Your Benefits

An example Marco has chosen

Extended Health Option 1 (70% reimbursement)

Marco has $400 in physiotherapy claims to submit

Submits $400 claim to Schlumberger Flex (70%)

Receives a reimbursement of $280

Submits to his spouse’s plan

Receives a reimbursement for the remaining $120

Decide – Life and Accident Insurance

30

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

Decide – Critical Illness Insurance

31

Consider your proximity to a cancer treatment centre

Are there travel, lodging, food and parking costs to consider?

Could you manage the cost of new or experimental treatments not covered by the provincial plan?

Would you or a family member need time off work?

What about day care?

At 28 Single Plays hockey 3x per week No dependents and no

mortgage

What does Dave choose? Medical Option 3 No optional life or accident

coverage

Decide – For Every Life Stage

At 32 Gets married Coordinates benefits with his

wife’s plan Buys a motorcycle

What does Dave choose? Medical Option 1 Dental Option 2 Optional AD&D

Decide – For Every Life Stage

At 36 His daughter arrives His wife does not return to

work after maternity leave Buys a house

What does Dave choose? Medical Option 2 Optional critical illness

coverage Optional life insurance Optional AD&D

Decide – For Every Life Stage

At 58 His daughter marries His wife starts her own

business Dave is diagnosed with

rheumatoid arthritis House is paid off

What does Dave choose? Medical Option 3 Reduced life and accident

insurance

Decide – For Every Life Stage

What you need to doGo online to enroll between November 7 and November 25

36

Enroll – Check Out Enrollment Central

37

www.slb-benefits.ca

Enroll – Log in

Go to the ESS website You can sign on from any computer

with Internet access Use your General Identification

Number (GIN) and Employee Self Service (ESS) PIN to log on

If you have forgotten your PIN, just click on “I Forgot My PIN” on the home page

https://schlumberger.seb-admin.com

38

Enroll – Set Up Your Security Questions

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?

39

Enroll – Select Your Benefits

The ESS website 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

https://schlumberger.seb-admin.com

40

Enroll – Select Your Benefits (continued)

Save your choices if you need to leave the ESS website before you have completed your enrollment

You can continue where you left off next time you log on

Once you click on “OK” your choices will be saved and will become your coverage for 2017

https://schlumberger.seb-admin.com

41

Enroll – 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 (EOI) form

If you don’t return your signed forms, your changes, including any new beneficiary designation, will not take effect

42

Enroll – And If You Don’t?

Benefit Default Coverage

Extended health care Option 1

Dental care Option 1

Basic employee life insurance 2 x eligible compensation

Optional life insurance None

Basic AD&D insurance 2 x eligible compensation

Optional AD&D insurance None

Optional critical illness insurance None

Any excess flex dollars Deposited to your Wellness Account

Your dependents will have no coverage

43

QUESTIONS?CHECK OUT OUR FAQ ON ENROLLMENT CENTRAL OR CALL THE BENEFITS CENTRE

44

2017 Annual Enrollment – November 7 to 25 2017 Annual Enrollment – November 7 to 25

APPENDIX

45

What’s New for 2017 (continued)

46

Benefit 2016 Schlumberger’s Carrier 2017 Schlumberger’s CarrierBasic Life Great‐West Life Sun Life

Dependent Life Great‐West Life Sun Life

Basic/Voluntary AD&D ACE INA Industrial Alliance

Optional Life (Supplemental Life) Great‐West Life Sun Life

Critical Illness No Coverage Sun Life

Long Term Disability Great‐West Life CIGNA

Short Term Disability Great‐West Life (Disability Management) CIGNA

Extended Health Care Great‐West Life Sun Life

Dental Care Great‐West Life Sun Life

Healthcare Spending Account Great‐West Life Sun Life

Employee Assistance Program Shepell‐fgi Shepell‐fgi

Pension Administration Sun Life Sun Life