benefits guide 2010/11 out of area - amazon s3...benefits 2010/11 2010/11 employee benefits guide...

Benefits 2010/11

Benefits Guide 2010/11Out of Area

Benefits 2010/11

2010/11 Employee Benefits GuideBenefit Carrier InformationMyriad Genetics Sara Snell [email protected] - Medical866-633-2446 www.myuhc.comUnited Behavioral Health800-582-8220888-887-4114-UnitedEAPBehavioral Healthcare OptionsWellnessProgram:866-311-7681 www..bhoptions.comRegence BlueCross Blue - Dental800-245-0026 www.ut.regence.com

www.bluecare.com

Fidelity Investments - 401(k)800-294-4015 www.401kexpress.comMGIS - Flexible Spending Accounts866-We-R-Flex(866-937-3539) www.wercdh.comLincoln Financial - Life Supplemental Life, LTDSeeHumanResourcesforInformationMetlife - Auto & Home800-GET-MET8(800-438-6388)Moreton & Company – Broker/Claims AssistanceSherry Anderson801-715-7018 [email protected]:800-594-8949 www.moreton.com

IRS RegulationsFailure to meet IRS Deadlines will affect your insurance coverage!

IRSrulesstrictlyrequireemployerstoenforcefirmdeadlineswithregardtoemployee benefit enrollment forms.This means wecannot acceptformsturnedinafterthelastdayofouropenenrollment.Further,ifyouexperience a qualifying event allowing you to add, drop, or modifycoverage mid year, we cannot accept late forms. Such forms are duewithin30daysofyourqualifyingevent,withtheexceptionofdivorceorseparationandachildceasingtobeaplandependent,whichareduewithin60days.Beawareyouneedtosatisfyothertimeframestopreserverightsunderotherplanprovisions,forexample,a60daytimeframeappliesforcontinuationpurposeswhenthereisadivorceorwhenachildceasestobeadependent.

If you do not turn in your form on time, you will not receive coverage or be able to change your elections mid-year unless you have a special enrollment opportunity.

Human ResourcesPlease contact Human Resources for any benefit related questions including benefit coverage, contributions, enrollment, benefit change forms,notificationforchangesinstatus,providerdirectories,andgeneralcarrierinformation.

Social Security NumbersFederallawrequiresyoutoprovideavalidSocialSecurityNumberforeachperson to be covered by any medical plan sponsored by your employer(yourself, your spouse, and all dependent children).

Medicare Part DIfyouhaveMedicareorwillbecomeeligibleforMedicareinthenext12months,Federallawgivesyoumorechoicesaboutyourprescriptiondrugcoverage.SeeHumanResourcesformoreinformation.

Voluntary BenefitsVoluntary benefits are not sponsored or endorsed by your employerincludingforpurposesoffederalandstatelaw,sofederalERISAlawisinapplicable.

Note: This publication is only a partial summary of benefits and is provided for informational purposes only. It does not describe all elements of the summarized programs. For complete information regarding the benefits, plan provisions, limitations and exclusions, and for a description of claims procedures, refer to the formal benefit documents that will be provided to you after enrollment. In the event of a discrepancy or conflict between the information contained in this publication and the official benefit plan provisions, the official plan documents and insurance contracts will govern. Copies of these documents are available for your review from your Human Resources Department. No rights shall accrue to you and/or your dependents because of any statement, error or omission in this publication.

Benefits 2010/11Enrollment GuidelinesWHY IS OPEN ENROLLMENT SO IMPORTANT?BenefitsopenenrollmentforMyriadGeneticsisheldeachyear.Youmaychangeyourbenefitelec-tions as you desire until the enrollment deadline ends. All employee medical, dental, and visionpremiumscanbedeductedfrompayrollonapretaxbasis.Once the Enrollment Period has ended, you may not make or change your benefit elections.If you believe you can make or change an election due to a change in employment or family status,youhave30 daystocompleteandreturnanewenrollmentform.

REMEMBER: If you do not turn in your benefit choices on time, you will not receive coverage or be able to change your elections mid-year.

WHO IS ELIGIBLE TO PARTICIPATE IN THE BENEFITS PLAN?• Eligibleemployeesmustwork30+hoursaweek;• Employeeswillreceivebenefitsthefirstdayoffull-timeofemployment,excluding401(k),EducationAssistanceandESPP(providedformsare

properlysubmitted);• Employeeswillreceivecoveragefordependents,peryoursummaryplandescription’sdefinitionofdependent,whoarelessthan26yearsof

ageandwhorelyupontheinsuredformorethan50%oftheirsupport;• Employeeshiredaftertheplanyearbeginswillselecttheircoveragechoicesfortheremainderofthatplanyearatthetimeofeligibility.Allthe

necessaryenrollmentandchangeformsareavailablethroughtheHumanResourcesDepartment.

Qualifying Changes (30 days unless otherwise specified):

• Divorceorlegalseparation(60daynotification);• Marriage,orchangeinnumberofdependents;• Changeinemploymentstatusofemployee,spouse,ordependentthatcauseslossofeligibility;• Dependentceasestosatisfyeligibilityrequirements(60daynotification);• Changeinresidencethatcauseslossofeligibility;• Significantchangesincompanybenefitplan(s)includingcostchange,significantcoveragecurtailment,additionalorsignificantimprovement

ofcompanyofferedbenefits;• Changeincoverageunderanotheremployerplan(includingmandatoryoroptionalchangefromyourspouse’semployerandchangeinitiated

byyourspouse);• Lossofcoveragefromgovernmentplans/programsoreducationalinstitution;• COBRAqualifyingevent(termination/reductionofhours,employeedeath,divorce/legalseparation,ceasingtobeadependent);• Otherchangesresultingfromajudgment,decree,ororder;MedicareorMedicaidentitlement;orFMLAleaveofabsence.

IS IT POSSIBLE TO MAKE CHANGES DURING THE YEAR?

Aftertheenrollmentdeadline,yourelectionisgenerallyirrevocable,meaningyoucannotadd,modify,ordropcoveragefortheplanyear.Youmayhaveaspecialenrollmentrightallowingcoveragechangesforcertainlossesofcoverageeligibilityunderanotherplanorifyougainanewspouseordependent.Youalsomaybeentitled,orrequired,tochangeyourelectionifyou,yourspouse,ordependentsexperienceoneoftheQualifyingChangeeventsbelow.However,youmustcontactHumanResourcestodetermineifourplanandifyourcircumstancesallowsuchachange.Ifso,youmustcompleteandreturnachangeformtoHumanResourceswithin30days,unlessotherwisestatedbelow.

HIPAA PRIVACY NOTICE.

TheHealthInsurancePortabilityandAccountabilityAct(HIPAA)requiresemployerstoadheretostrictprivacyguidelinesandestablishesemployees’rightswithregardtotheirpersonalhealthinformation.

If you have any questions regarding this federal regulation, please speak with your Moreton & Company Representative or contact Human Resources.

Benefits 2010/11Medical

The benefits illustrated are in summary form only. They should not be construed as complete in and of themselves. They are only for comparison. In the case of a discrepancy, the plan documents apply. Please refer to the formal plan documents for a complete description of benefits, limitations, and exclusions.

MyriadGeneticsoffersthefollowingmedicalplanthrough:- United Health Care

Lifetime Maximum

Deductible (Individual/Family)

Out of Pocket Maximum ‡ (Individual/Family)

Outpatient ServicesOutpatientSurgery3RehabilitationTherapy–Office¥RehabilitationTherapy–FacilityHomeHealthDurableMedicalEquipment1

Diagnostic Lab/X-RayMinor(InOffice)Major

Maternity3Physician(1stvisitonly)Hospital

PrescriptionsDeductibleRetailPharmacy(30days)MailOrder(90days)

Inpatient Services3HospitalPhysicianSurgeon,Anesthesiologist

Office VisitsPrimaryCarePreventiveSpecialistsChiropractic¥EyeExamsΫ

Choice Plus

$2,000,000

None$15/$20/$40$20/$30/$50

Network

$500/$1,000

$2,250/$4,500

15%AD$15

15%AD15%AD15%AD

Covered100%15%AD

$15/$2015%AD

15%AD15%AD15%AD

$15$15/$20

$20$15$15

Non-Network*

$1,000/$2,000

$4,500/$9,000

30%AD30%AD30%AD30%AD30%AD

30%AD30%AD

30%AD30%AD

30%AD30%AD30%AD

Mental Health2Inpatient/OutpatientOutpatient–Office

15%AD$20

30%AD30%AD

30%ADNotCovered

30%ADNotCovered

30%AD

Emergency or Urgent CareUrgentCare/KidsCareEmergencyRoomAmbulanceServices

$15$150

15%AD

30%AD$150

15%AD

For a complete description of benefits, limitations, and exclusions, consult your Summary Plan Description, available fromHuman Resources or at www.myuhc.com

$18.00

$40.00

Rates Per PaycheckCHOICE PLUS

Employee

Two Party

$57.00Family

AD: AfterDeductible

* Member may be responsible for amountsbilled by non-participating providers in ex-cessofeligiblemedicalexpenseamount.

¥LimitationsApply

Ϋ1visitevery2years

‡IncludesDeductible

1$2,500percalendaryear

2PreauthorizationRequired(800-582-8220)

3 Preauthorization on some surgical proce-duresisrequiredIn&OutofNetwork.Pleasecall customer service or refer to your Sum-maryPlanDescriptionsfordetails.

EAP Through UHCAllUHCmembersgetthefollowingEAPbenefitsfree:

• TelephonicCounseling• Upto3FacetoFaceVisitsper

Incident• NurseLine

Call1-888-887-4114

Benefits 2010/11

Indemnity NotesIf you pay your copayment responsibility to the provider within30daysof thedateserviceswererendered, theproviderwillconsider the account paid in full. If full payment is not receivedby the provider within 30 days, the provider may bill you his/herstandardfeesunlesspriorpaymentarrangementshavebeenmadebetweenyouandtheprovider.

AD -AfterDeductible

Dental

Regence BlueCross BlueShield - MyriadGeneticsoffersthefollowingdentalplan:Indemnity Plan

Any Provider$50/3xFamily

$1,500

100%ofBilledCharges

50%ofBilledCharges$1,000$2,000

80%ADofBilledCharges

50%ADofBilledCharges

Calendar Year Deductible (Individual/Family)

Annual Maximum BenefitPreventive & Diagnostic(DeductibleWaived)

Orthodontia (Childrentoage19)

BenefitAnnualMaximumLifetimeMaximum

Basic Dental Services

Major Dental Services

Voluntary Vision - 100% Employee Paid

OnceEvery24MonthsOnceEvery12Months

ExamMaterials (Frames/Lenses)

In-Network$15Copay$30Copay

(Includes Standard Scratch Coating)Covered100%

$105appliedtototalcostCovered100%

(May choose one of the following)Upto$50

Upto$130

Out-Of-Network *Upto$40

N/A

Upto$40/$60/$80/$80

Upto$105Upto$210

Upto$45Upto$45

Standard FramesWholesaleAllowance(PrivatePractices)RetailAllowance(ChainStores)

Standard Plastic Lenses SingleVision/Bifocal/Trifocal/Lenticular

Contact Lenses (InLieuofLensesandFrames)Conventional/DisposableMedicallyNecessaryFrequencyFramesExamination,Lenses,orContactLenses

Voluntary Vision

The benefits illustrated are in summary form only. They should not be construed as complete in and of themselves. They are only for comparison. In the case of a

discrepancy, the plan documents apply. Please refer to the formal plan documents for a complete description of benefits, limitations, and exclusions.

Spectera Vision (United Healthcare) - MyriadGeneticsoffersthefollowingvisionplan:

* Non-Network Provider–Participantpaysthefullfeetotheprovider,andSpectera(UHC)Visionreimbursesthecustomerforservicesrendereduptoamaximumallowance.Allreceiptsmustbesubmittedatthesametime.Copaysdonotapplytonon-networkbenefits.

Employee Rates Per PaycheckSingleTwo PartyFamily

$2.78$4.88$8.03

Employee Rates Per PaycheckSingleTwo PartyFamily

$1.50$3.00$5.00

Finding a Provider: 1. Gotowww.myuhcvision.com2. Clickon“ProviderLocator”3. SelectCurrentMemberORFutureMember

(youwillneedtoenterSubscriber’sUniqueIdentificationnumberforaCurrentMembersearch)

4. Entersearchcriteria,click“Submit”forlistofproviders

Onceyouareenrolled,youcanalsocall1-800-839-3242andfollowtheprompts

Benefits 2010/11Life

BENEFITS COVERAGELIFE INSURANCE – EMPLOYEE ONLY $50,000

DEPENDENT LIFE - SPOUSE $2,000ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) – EMPLOYEE ONLY $50,000

DEPENDENT LIFE - CHILDREN(14daysoldtoage19or23iffull-timestudentormissionary) $2,000

DEPENDENT LIFE RATES - MONTHLY RATES(REGARDLESSOFNUMBEROFCHILDREN)

$2,000 $0.24PERFAMILYUNIT

$6,000 $0.72PERFAMILYUNIT$4,000 $0.48PERFAMILYUNIT

$8,000 $0.96PERFAMILYUNIT$10,000 $1.20PERFAMILYUNIT

Lincoln FinancialBasic Life, AD&D - 100%CompanyPaidEachemployeeworking30hoursormoreperweekreceiveslifeinsuranceforthemselvesandtheireligibledependentsbeginningthefirstdayoffull-timeemployment.

Voluntary Supplemental Life - 100%EmployeePaidMyriadGeneticsoffersgroupvoluntarytermlifeinsuranceforyouandyourde-pendentsonavoluntarybasisthroughLincolnFinancial.Thisoptiongivesyoutheadvantageofpurchasingadditionallifeinsurancecoverageataffordablegrouprates.Thiscoverageiscompletelyvoluntary.Itisnotapre-taxbenefitop-tion.Premiumsarepaidforwithafter-taxdollarsthroughanautomaticpayrolldeductionfromyourpaycheck.

EnrollmentYouhave30daysfromthedayyouareeligibletosignupforguaranteedcoverage.Ifyoudonotenrollyourselfandyourdependentsforcoveragethefirsttimeyouareeligible,youwillhavetoprovideproofofgoodhealth,whichmayincludeaphysicalexamination,atyourexpense.Youcanaddyourspousewithin30daysofmarriage,oraddadependentchildwithin30daysofbirthwithoutprovidingproofofgoodhealth.

Accelerated BenefitEmployeesanddependentsmaycollectaportionoftheirlifeinsurancebenefitsbeforedeathiftheyarediagnosedbyaphysicianwithaterminalillnessandhavealifeexpectancyoflessthan12months.Theymaytakeanadvanceuptothelesserof75%ofthepolicy’sfacevalueor$250,000.

Value-Added Features• High Maximums–VoluntaryTermLifehasagenerousmaximumamountforsupplementalcoverage

onemployees,spouses,andtheirchildren.• Living Care–Coveredemployeeswhoareterminallyillcanreceiveaportionoftheirinsurancebenefits

taxfreebeforedeathtospendastheywish.Thisbenefitisavailableatnoadditionalcosttoyou.• Waiver of Premium–Ifyoubecomedisabledpriortoage60whileinsured,yourinsurancepremium

willbewaiveduntilyouareabletoreturntoworkoryoureachyourNSSRA.• Portability – If you quit your job, you may chose to continue yourVoluntaryTerm Life insurance

programuptoage70,includingcoverageforyourspouseandchildren.Simplymailintheformavailablefromyourbenefitsmanager.

UNDER 30 $0.0830 to 34 $0.1035 to 39 $0.1240 to 44 $0.1745 to 49 $0.2350 to 54 $0.3855 to 59 $0.7560 to 64 $0.9565 to 69 $1.6070 to 74 $3.53

AGES EMPLOYEE / SPOUSEMONTHLY RATES PER $1,000 OF COVERAGE


BENEFITS

MINIMUM

GUARANTEE ISSUE

COVERAGE

MAXIMUM

$10,000EMPLOYEE

$150,000

LESSEROF5xANNUALSALARYOR$500,000

$5,000SPOUSE

$25,000

50%OFEMPLOYEEBENEFITUPTO$250,000

$2,000CHILD

$10,000

$10,000

Benefits 2010/11Disability

Self-Insured by Myriad GeneticsShort-Term Disability - 100%CompanyPaid

Long-Term Disability - 100%CompanyPaid

Short-TermDisability(STD)insurancereplacesapercentageofyourincomeonasemi-monthlybasisintheeventyouareunabletoworkduetoanaccidentorillnessthatisnotjobrelated.Ifyouareapermanentfull-timeemployeeofMyriadGenetics,youareeligibletoapplyforSTDbenefits.AsdefinedbywrittendocumentationfromyourMedicalDoctoryouareeligibleforuptotwelveworkweeksofSTDbenefitspertwelvemonthperiod,permedicalcondition.Thereisafiveconsecutiveworkdaywaitingperiod,whereyoumustbeunabletoworkduetothesamedisability,beforeSTDbenefitsbegin.YoumustuseanyaccruedPersonalLeaveTime,uptofortyhours,duringthefirstfivedaysofSTDleave.PersonalLeaveTimewillnotaccrueforthedurationofyourleave.TheamountofSTDinsuranceyouareeligibleforisdeterminedbyyourlengthofemploymentwithMyriadGeneticsasfollows:

LongTermDisability(LTD)Insurancereplacesapercentageofyourincomeonamonthlybasisintheeventyouareunabletoworkforanextendedperiodduetoanaccidentorillnessthatisnotjobrelated.LTDbenefitsareprovidedthroughLincolnFinancialGroupandare100%companypaid.After12weeksofreceivingShortTermDisabilitypay,youwillberequiredtoapplyforLTDbenefits.IfyouareapprovedforLTDbenefits,youwillberesponsibleforpayingthetotalpremiumsforyourhealthanddentalcoverageandthatofyourdependentswhileonleave.Failuretodosomayresultinlossofcoverageandpossiblerefusalbytheinsurancecarriertoallowyourcoveragetobereinstated.

• WhoisEligible?Ifyouareanactivepermanentemployeeworking30hoursormoreperweek,youareeligibletoparticipateintheLTDprogramonyourfirstdayoffull-timeemployment.

• WhatistheBenefit?Ifyoubecomedisabled,youwillbeeligibletoreceiveupto60%ofyourgrossincometoamaximummonthlybenefitof$12,000following90daysofdisability,duringwhichyouwereunabletoworkduetoanaccident,disease,orillness.Yourbenefitsmaycontinueuptoage65ornormalsocialsecurityretirementage.Coveragecontinuesaslongasyoucannotperformthematerialdutiesofyourregularoccupation.Youmustalsobeundertheongoingcareofalegallyqualifiedphysiciannotrelatedtoyou.

• WillmybenefitamountbereducedifIreceiveotherbenefits?Yes.Benefitsshallbereducedbyanamountreceivedbytheemployee,oremployee’sspouseorchildrenfromsourcessuchasSocialSecurity,Workers’Compensation,ArmedServices/CivilServiceretirementordisabilityprogram,disabilitybenefitsunderanygroupinsuranceplan,and/oranyotherretirementordisabilityprogramwheretheemployeeiseligibleforbenefits

• PartialDisabilityBenefits:Ifyoubecomepartiallydisabled,apartialdisabilitybenefitwillbepaid.• FinalWage:Yourfinalaveragesalarywillbebasedontheannualrateofpayatthetimeofdisability.• ExclusionsandLimitations:TheLTDprogramdoesnotcoveranylossresultingfrom:

• Selfinflictedinjury• Actsofwar• Alcoholismordrugaddiction:two(2)yearlimit• Commissionoforattempttocommitafelony


Length of Service0 to 1 year1 to 2 years2 to 3 years3 or more years

25% of pay50% of pay75 % of pay100% of pay

Benefit WhileonanapprovedSTD leave, ifyou notify Myriad Genetics of your intent not toreturntowork,yourlastdayofemploymentwillbeconsideredthedateonwhichyouofficiallynotifyHumanResources.STDbenefitswillbepaidthroughthedayinwhichyouofficiallynotifiedHumanResources.Ifyoudon’treturnfromyourSTDleaveonthedayindicatedintheapplication,youwillbeconsideredtohavevoluntarilyresignedyouremploymentwithMyriadGenetics.

• *Newemployeesaresubjecttoapre-exist-ingwaitingperiodofoneyearforinjuryor

sicknesspriortoenrollmentinthedisabilityprogram.

Benefits 2010/11Wellness ProgramsBehavioral Healthcare Options, Inc.MyriadGeneticsrecognizesthebenefitsofparticipatinginWellnessProgramsandprovidesthesebenefitstoouremployeesandtheirhouseholdmembersatnocost.TheseprogramsareprovidedthroughBehavioralHealthcareOptionsandare100%companypaid.


Wellness Program• ThisWellnessProgramprovidespersonalizedpreventivehealth,wellness

coaching,educationandreferralservicestohelpyoudevelopahealthierlifestyle.Ourcoachesprovideassistancewithweightmanagement,smokingcessation,fitness,andexercise.WellnessCoaching’sservicesarevoluntaryandfreeofchargetoyou.

• Gettingstartediseasy.Call1-866-311-7681toreachaWellnessCoach.ORyoucangotobhoptions.com.Onceatwebsite:

• EnterCompanycode:myriad• ClickontheLiveWelliconontherightside.• FromwithintheLiveWellcenter,clickontheRegisterbuttonontheleft

(youmustregistertoaccessthenewprograms).• Completetheuserinformationscreen.• Createyourownpersonalusernameandpassword

Once your Personal Coaching Web Page appears, you can 1.CommunicatewithyourWellnessCoach.2.Accesson-lineprograms

• LivingLean-WeightManagement(12sessions)• LivingFree-SmokingCessation(10sessions)• LivingFit–WalkingProgram

3.Takehealthassessments.4.Findarticlesandvideosthatsupportyourhealthandwellnessgoals.

Call Wellness Coaching now and “Live Well. It is well worth it.

Family Medical Leave ActMyriadGeneticsabidesbytheFamilyandMedicalLeaveAct(FMLA).FMLArequirescoveredemployerstoprovideupto12weeksofunpaid,job-protectedleavetoeligibleemployeesforcertainfamily,medicalandmilitaryreasons.EmployeesareeligibleiftheyhaveworkedforMyriadGenet-icsforatleastoneyear,andfor1,250hoursovertheprevious12months.PleaseseetheHumanResourcesDepartmentifyouneedaleave-of-absenceundertheFMLA.

Benefits 2010/11Reimbursement Accounts (Elections for this plan are made every November)

Reimbursementaccountsenableyoutopaycertainqualifiedexpensesusingtax-freedollars.Dependingonyourpersonaltaxrate,thiscansaveyou10%to30%ormoreonmedical,dental,visionand/ordependentcareout-of-pocketcosts.

• The Flexible Spending Account (FSA)allowsyoutosetasideupto$3,000inpretaxdollarstopaymostout-of-pocketmedical,dentalorvisioncareexpenses,including:medicalanddentaldeductiblesandco-payments,eyeglasses,dentalandorthodonticworknotcoveredbyinsurance.NEW for 2011 -"Under the new healthcare reform legislation, over-the-counter (OTC) drugs, medi-cines and biologicals will be eligible for reimbursement only if the re-quest is accompanied by a doctor's prescription. This means items such as cough medicines, pain relievers, acid controllers, diaper rash oint-ment, to name a few, will no longer be reimbursed unless there is doc-tor's prescription submitted along with the reimbursement request.

• The Dependent Care Reimbursement Account lets you set aside up to$5,000inpre-taxdollarstopayforeligibledependentcareexpensessoyou(andifmarried,yourspouse)canwork.

The AdvantagesThere are some significant advantages to using reimbursement accounts. Incomedirectedtoareimbursementaccountistaxfree.Whenyoupaylessintaxes,youreceivemorespendableincome.Theaccountscansaveyou10%to30%orevenmore,dependingonyourpersonaltaxrate.Convenientpayrolldeductionshelpassurethatyouwillhavemoneyavailableforout-of-pockethealthand/ordependentcareexpenses.

How It WorksDuring annual enrollment, you decide how much you want to deposit into yourreimbursementaccount(s).Thatamountisdeductedevenlyduringthecalendaryearfromyourpaycheckbeforetaxesaretakenout.Whenyouhaveanexpensethatqualifies,youpaythebill,submitaclaim,andyouarereimbursedwithtax-freedollarsfromyouraccount.

Eligibility YouwillbeeligibletoparticipateintheHealthCareReimbursementAccountonthefirstdayoffulltimeemployment.Followingareadditionalguidelinesfordeterminingeligibleexpenses:

• Theexpenseisforservicesreceivedduringthecalendaryear(Jan.1toDec.31).• Theexpensesarenotcoveredbyanyhealthcareplaninwhichyouareenrolled.• TheIRSwouldotherwiseletyoudeducttheexpensesonyourincometaxes.

MGIS - January1-December31stThe Dependent Care AccountWiththeDependentCareAccountyoucansetasidetax-freeincometopayforqualifieddependentcareexpenses,suchasdaycare,thatyounormallypaywithafter-taxdollars.Qualifieddependentsincludechildrenunder13and/ordependentswhoarephysicallyormentallyhandicapped.Ifyourspouseisunemployedordoingvolunteerworkyoucannotsetupareimbursementaccount.Youmustmeetthefollowingcriteriainordertosetupthisaccount:

• Youandyourspousebothwork;• Youareasingleheadofhousehold;or• Yourspouseisdisabledorafull-timestudent.

EachcalendaryeartheIRSallowsyoutocontributethefollowingamounts,dependingonyourfamilystatus:

• Ifyouaresingle,thelesserofyourearnedincomeor$5,000• Ifyouaremarried,youcancontributethelowestof:

• Your(oryourspouse’s)earnedincome.• $5,000iffilingjointly,or$2,500iffilingseparately.

Use it or Lose it Ifyoudon’tuseallthepretaxdollarsyoudepositedinyouraccount(s),youwillforfeitanybalanceintheaccount(s)attheendoftheplanyear.YouhavetilMarch31staftertheplanyearendstosubmitclaimsforexpensesincurredduringthatplanyear.

Once Enrolled, You May Not ChangeOnceyouhavedesignatedhowmuchyouwanttocontributeonanannualbasistooneorbothofyourreimbursementaccounts,youcannotstoporchangeyourcontributionsunlessyouhaveaqualifyingChangeinFamilyStatusasdefinedandlimitedbytheIRS.SeeQualifyingChangerulesearlierinthisguide.

ReimbursementsToclaimreimbursements,filloutaclaimformandattachanysupporting information.Forhealthcarethiswillincludereceiptsoftheamountyoupaidandthedate(s)onwhichyouoradependentreceivedservices.Fordependentcarethismayincludeanycontracts,letters,orreceipts.YoumaysendthisinformationtoMGIS.

John’s take home pay increases by $875 by using the reimbursement account.

John's Expenses John's Situation without the Account John's Situation With The AccountLensesandFrames $280Orthodontia $1,000Co-Pays $120AnticipatedSurgery $2,100Total For The Year $3,500

John'sAnnualEarnings $30,000Taxes(25%) -$7,500NetPay $22,500Expenses(AfterTaxes) -$3,500

John'sAnnualEarnings $30,000Expenses(BeforeTaxes) -$3,500TaxablePay $26,500Taxes(25%) -$6,625

Take Home Pay $19,000 Take Home Pay $19,875


TheFlexConvenienceDebitCardWith the MGIS Flex Convenience card, accessing your Flex dollars is easier thanever. The card offers a convenient way to pay your portion of eligible out-of-pocketexpensesatthepoint-of-service,whicheliminatestheburdenofpayingupfrontfortheserviceandwaitingforreimbursement.

Visitwww.wercdh.comtoday!

Benefits 2010/11401(k)

Withalltheresponsibilitiesandfinancialprioritiesyoumightbejuggling–mortgagepayments,parenthood,savingorpayingforcollege,caringforparents,andmore–itcanbeeasytooverlooktheneedtosaveforretirement.Butit’simportanttosetasidemoneyforretirementasearlyasyoucan,becausethequalityofyourretirementyearscouldverywelldependonhowmuchyouhavebeenabletosave.

How much can I contribute?Throughautomaticpayrolldeduction,youmaycontributebetween1%and50%ofyoureligiblepayuptotheannualIRSdollarlimit.Youmaychangeyourdeferralpercentageasapplicable.Anychangesmadewouldtakeeffectatthebeginningofeachpayrollperiod.Ifyouareage50oroverandhavereachedtheannualIRSlimitorPlan’smaximumcontributionlimitfortheyear,youmaymakeadditionalsalarydeferralcontributionstothePlanuptotheIRSCatch-upLimit.

When am I eligible for the Plan?YouareeligibletoparticipateinthePlanif:

• YouareemployedbyMyriadGenetics• Youareatleast21yearsold• Andyouarenotcoveredbyacollectivebargainingagreement.

Fidelity Investments

When is my enrollment effective?EmployeesareeligibletoparticipateinthePlanonJanuary1,April1,July1,orOctober1.

Can I roll my prior employer’s retirement plan account into this one?YoumaybepermittedtorolloverassetsintothisPlanfromapreviousemployer’sretirementPlanoranIRA.TocompletearolloverinthePlanfollowtheseeasysteps:

• ContactyourpriorPlanprovidertorequestarolloverdistribution.• RollovercheckissuedshouldbemadepayabletoFidelityManagementTrustCompanyastrusteeforthebenefitof(FBO):yournameandsenttoyou.• CompletetheFidelityAdvisorRollovercontributionformprovidedbyMyriadGenetics.• ReturnboththeFidelityAdvisorRollovercontributionformandthecheckfromyourpriorPlantoyourcurrentPlanAdministratorsotheymayauthorizethecontribution.

Does Myriad Genetics contribute to my account?MyriadGeneticswillmakematchingcontributionsinanamountequalto50%upto8%ofyoureligiblecompensation.Tobeeligibleformatchingcontributionsyouarerequiredtomakeemployeedeferralcon-tributions.

Incentive Stock Options & Employee Stock Purchase PlanIncentiveStockOptionsareawardedtoeligibleemployeesbasedonthediscretionofMyriadGeneticsManagement.ThroughtheEmployeeStockPurchasePlanemployeesareabletopurchaseMyriadGeneticsCommonStockusingpayrollwithholdings.Tobeeligibletoparticipate,employeesmustbeemployedatleastthree(3)consecutivemonthspriortoJune1standDecember1stofeveryyear.

PayrollMyriadGenetics’payrollscheduleisbasedonasemi-monthlycalendar.Paydaytypicallyoccursonthe5thand20thofeachmonth(thiscanvaryduetoHolidays).MyriadGeneticspayperiodsrunfromthe1stthroughthe15thandthe16ththroughtheendofeverymonth.Submittingyourtimesheetontheduedateiseachemployee’sresponsibility.PleaseseetheannualPayrollSchedulefortimesheetduedates.

MyriadGeneticstakesadvantageoftheIpayprogramwithADP,whichallowsyoutoviewyourpaystubsthroughasecurewebsite,versusaprinteddocument.ItisimportantthatyouregisterforIpaywhenyoureceiveyourfirstpaycheck,asstatementsareonlyprintedthefirsttwopayperiodsofyouremployment.Toverifyyouridentity,Ipayrequiresyoutoprovideinformationfromyourcurrentpaystubtoregister.YoucanfindtheIpayregistrationlinkonMyriadGenetics’intranetpageunderQuicklinks.YourpaystubcontainsusefulinformationlikeyourcurrentPTOhoursbalance,benefitdeductions,year-to-dateamounts,andfederal/stateexemptionsclaimed.Youarestronglyencouragedtoverifytheaccuracyoftheinformationonyourpaystub.

HolidaysMyriadGeneticsrecognizesthefollowing13PaidHolidayseveryyear:

NewYear’sDayMartinLutherKing,Jr.DayPresidents’DayGoodFriday

MemorialDayIndependenceDayUtahPioneerDayLaborDayThanksgivingDay

DayAfterThanksgivingChristmasEveChristmasDayNewYear’sEve


Traditional 401 (k)• Contributionsaremadeonapre-taxbasis• Onwithdrawal:entiredistributionistaxable

Roth 401 (k)• Contributionsaremadeonanafter-taxbasis• Onwithdrawal:qualifieddistributionsaretaxfree

Myriad Genetics offers a Traditional 401 (k) and a Roth 401 (k)

Benefits 2010/11Paid Time Off

PTO Accrual Schedule0-5 Years of service6-10 years of serivce11+ years of service

15 days, 120 hours annually20 days, 160 hours annually25 days, 200 hours annually

Full-timeemployeesreceivethefirst40hoursoftheirannualPTOhourswithinthefirstpayperiodofem-ployment.Youmayaccumulateamaximumof1.5timesyourannualPTOaccrual.Nonegativebalancesareallowed.PTOhoursarepaidoutatterminationofemployment(pro-ratedifwithin1styear).After5yearsofservice,employeesarealsograntedpaidtimeoffbetweenChristmasandNewYearsofeachyear.

Oracle ApplicationsMyriadGeneticsrecognizesthatouremployees’timeisvaluableandprovidesself-servicetoolstoefficientlymanageinformation.ThroughOracleApplicationsemployeesmay:Expenses:submiteligibleexpensesforreimbursement.Requisitions:ordernecessarysuppliesforyourdepartment.Timecard:submittimesheettopayroll.YourHRInformation:updateyourhomeaddress,homephone,workphone/location,directdeposit,andtaxexemptions.Newemployeeswillbeprovidedlogininformationtoaccesstheseapplicationswithinthefirstweeksofemployment.

Education AssistanceMyriadGeneticsoffersaprogramoftuitionreimbursementforfull-timeemployeeswishingtocontinuetheirprofessionaldevelopmentthroughformaleducation.Employeeswhohavecompleted6monthsofserviceareeligibletoapply.CoursesmustberelatedtoyouremploymentwithMyriadGeneticsandapprovedinadvance.Reimbursementisallowedforuptoonecoursepersemesteruptoamaximumof3coursesperyear.MaximumReimbursementAmounts:

• $1,200perCourse• $2,400perCalendarYear

MetLife Auto & Home InsuranceEmployeesofMyriadGeneticscanreceivespecialsavingsonauto,homeandrecreationalvehicleinsurancepolicies.Withlittleeffort,employeescaneasilyoptimizetheiremployeebenefitsatwork,whileenjoyingtheconvenienceofpayrolldeductionandspecialgrouprates.

Length of Service AwardsThepurposeoftheseawardsistorecognizethededicationandcontributionsofemployeeswhohaveattainedlengthofservicemilestoneswithMyriadGenetics.Eligibleemployeeswhomeet5,7and10consecutiveyearsofservicewithMyriadGeneticswillberewardedwiththefollowing:5-YearMilestone: 3daysofpaidtimeoffannuallybetweenChristmasandNewYears(pendingworkschedulesandmanagementdiscretion).7-YearMilestone: Reservedparkingspot.10-YearMilestone: 5dayvacation.


Benefits 2010/11

benefits guide 2010/11 out of area - amazon s3...benefits 2010/11 2010/11 employee benefits guide...

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