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Benefits Overview 2010
Table of Contents
Your Comprehensive BenefitsFreddie Mac’s Benefits ........................................1
Eligibility ..................................................................1
Domestic Partner Coverage ....................................1
Benefits Effective Dates ..........................................2
NetBenefits® ..........................................................3
Freddie Mac’s Total Rewards ..............................4
Your HealthFreddie Mac’s Flexible Benefits ..........................7
Healthy Lifestyles ...................................................7
Your FlexDollars .....................................................7
Online Health Assessment .....................................8
Default Coverage When You First Enroll ..................9
Health Care ........................................................11
Medical Coverage .................................................11
Prescription Drug Coverage .................................15
2009 Summary of Medical Benefits .....................23
Aetna’s HealthConnections ...................................23
Dental Coverage ...................................................24
Vision Coverage ..................................................25
Your Money Savings, Investment, and Retirement ...............27
Thrift/401(k) Savings Plan .....................................27
Pension Plan .......................................................28
Flexible Spending Accounts .................................28
Income Protection Benefits ...............................32
Disability Coverage ..............................................32
Short-Term Disability (STD) Coverage ...................32
Long-Term Disability (LTD) Coverage ....................32
Group Term Life (GTL) Insurance .........................33
Accidental Death & Personal Loss
(AD&PL) Insurance ...........................................34
Aetna’s Group Universal Life
(GUL) Insurance Program .................................34
Business Travel Accident (BTA) Insurance ............35
Beneficiary Information .........................................35
Your TimeTime Away From Work ......................................37
Vacation Time ......................................................37
Holidays ..............................................................38
Sick Leave ...........................................................38
Family and Medical Leave ....................................39
Short-Term Disability Leave ..................................39
Adoption Leave ...................................................39
Jury Duty Leave ...................................................39
Bereavement Leave ..............................................39
Military Leave .......................................................39
Your LifeWork/Life ............................................................41
Home Benefit Program ........................................41
Freddie Mac Wellness Center ..............................41
Employee Assistance Program (EAP) ...................41
LifeWorks® ............................................................42
Back-Up Child/Elder Care ...................................42
Lactation Program ...............................................43
Adoption Expense Reimbursement Program ........43
Long-Term Care (LTC) Coverage ..........................44
Educational Assistance Program ..........................44
Transportation Benefit ..........................................45
Concierge Services ..............................................45
Fitness Center & Regional Health Club
Reimbursement ................................................45
In ClosingMaking Changes to Your Coverage ..................47
Annual Enrollment ................................................47
Status Change ....................................................48
Appeals ..............................................................49
In Addition ..........................................................50
Freddie Mac provides a comprehensive benefits package designed to help meet your needs — both now and in the future.
When you first become eligible for benefits, you may select the plans that best meet the needs of you and your family. Thereafter, you may make changes during each Annual Enrollment period. Or, if you experience a status change such as a marriage or divorce, or the birth or adoption of a child, you can make changes to some of your benefits during the year.
Your Comprehensive Benefits
EligibilityGenerally, you are an eligible participant in Freddie
Mac’s benefit plans if Freddie Mac classifies you as
an active, regular, full-time or part-time employee
who is regularly scheduled to work at least 20 hours
per week, as defined in Corporate Policy No 3-221.
In addition to yourself, you may also enroll eligible
family members or a same-sex domestic partner
and his or her eligible children (subject to certain
requirements) in the Freddie Mac Medical, Dental,
Vision, and/or Long-Term Care Plans. Eligible family
members include your spouse and dependents
who meet the eligibility requirements as described
in the relevant Summary Plan Descriptions (SPDs)
and program summaries. Certain programs may
have distinct eligibility requirements, which are
outlined in the relevant SPDs, program summaries,
plan documents, corporate policies, or corporate
procedures. You may access program information
on the NetBenefits®, HomeFront, and Total
Rewards Web sites.
Domestic Partner CoverageWith the Freddie Mac medical, dental, and/or vision
Plans, you may choose to cover your domestic
partner — an individual of the same sex, with whom
you share a committed and exclusive relationship.
If you elect medical, dental, or vision coverage for
a domestic partner and his or her eligible children,
you will pay the contribution cost for the domestic
partner’s coverage on an after-tax basis, and part of
its value and the value of coverage for the domestic
partner’s children will be taxable to you as imputed
income. For complete details about domestic
partner eligibility requirements, coverage options,
tax consequences, and participant obligations,
refer to the Domestic Partner Summary, posted
with other materials on the NetBenefits (on the
Reference Library Tab), HomeFront, and Total
Rewards Web sites. We strongly encourage you to
read this information carefully before electing benefits
Freddie Mac’s Benefits
1
Y O U R C O M P R E H E N S I V E B E N E F I T S Y O U R C O M P R E H E N S I V E B E N E F I T S
for your domestic partner. To certify a domestic
partner relationship and enroll a domestic partner
for coverage, log on to NetBenefits® at https://
netbenefits.fidelity.com.
You may also enroll your domestic partner for Long-
Term Care coverage directly through John Hancock.
Please visit the Long-Term Care page on HomeFront
at www.fhlmc.com/hr/long_term_care.htm for
information on how to enroll. You will be required to
certify the domestic partner relationship.
To be eligible for Medical, Dental, Vision, and/
or Long-Term Care coverage, domestic partners
must certify that they are in a committed, exclusive
relationship; they cannot be married; and must
consider themselves life partners. They also must:
n Share a primary residence
n Be financially interdependent
n Have joint responsibility for one another’s
common welfare
If this relationship ends or changes so that it no
longer meets Freddie Mac’s definition, you are
required to notify the Freddie Mac Benefits Center.
Benefits Effective DatesYour benefits will become effective on the
following dates:
First Day of Hire
n Group Term Life (GTL) Insurance (Core 1x pay)
n Short-Term Disability (STD)
n Long-Term Disability (Core LTD)
n Business Travel Accident (BTA) Insurance
n Employee Assistance Program (EAP)
n Educational Assistance Program
n Holidays
First of Month Following Date of Hire
n Medical, Dental, Vision coverage
n Group Term Life (GTL) Insurance (Optional buy
up of 2x/3x pay)
n Accidental Death & Personal Loss (AD&PL)
Insurance
n Group Universal Life (GUL) Insurance
n Long-Term Disability (LTD) (Optional buy up
of 10%)
n FlexDollars
One Month of Service
n Employee pre-tax contributions to the Thrift/401(k)
Savings Plan
n Catch-up contributions to the Thrift/401(k) Savings
Plan (for employees 50 years of age or older)
One Year of Service
n Thrift/401(k) matching contributions*
n Thrift/401(k) after-tax contributions
n Thrift/401(k) Basic contribution (discretionary
company contribution)
n Pension Plan (must be 21 or older)
n Home Benefit Program
n Adoption Expense Reimbursement Program
*First day of the month following anniversary date
Other
n Health Care and Dependent Care Flexible
Spending Accounts (FSAs) (effective the first day
of the pay period in which your deduction begins)
n Health Assessment Credits (effective 2 – 4 pay
periods after assessment is completed)
n Vacation**
n Sick leave**
**Will begin accruing during the month of hire if hired between the 1st and 15th of the month. Will begin accruing the following month if hired between the 16th and the end of the month.
2
Y O U R C O M P R E H E N S I V E B E N E F I T S Y O U R C O M P R E H E N S I V E B E N E F I T S
n Long-Term Care (LTC) Insurance (effective the date
the policy is issued)
n For more information on the effective dates of
your benefits, please refer to the SPDs and
plan summaries located on the NetBenefits®,
HomeFront, and Total Rewards Web sites.
Note: Any benefit deductions and/or credits (if any) will be made as soon as administratively possible; no retroactive adjustments will be made.
NetBenefits®
Day or night, holiday or weekend, you can view and
enroll in your Freddie Mac flexible benefits and your
Thrift/401(k) Savings Plan through the NetBenefits
Web site. Through NetBenefits, you can access
information about your medical, dental, and vision
elections; review your vacation, FSAs, and life and
disability insurance elections; and enroll/change your
Thrift/401(k) Savings Plan investments or view your
statement online.
Through NetBenefits, you can also make new-hire
benefit elections and changes to your benefits if you
experience a status change.
To get to the NetBenefits site, simply click on the
NetBenefits link on the Benefits page on HomeFront
or the Total Rewards Web site. You will be taken
automatically to the login page of NetBenefits, where
you will see prompts to follow. If you would like to
access NetBenefits from home, the URL address is:
https://netbenefits.fidelity.com.
Benefits Overview Guide
This booklet provides a high-level overview of some of Freddie Mac’s programs, policies, and benefits. This document is not a Summary Plan Description and is not a plan document. For more detailed information, visit the NetBenefits, HomeFront, and Total Rewards Web sites.
Manisha’s storyManisha, a new college graduate, recently joined Freddie Mac. Manisha has enrolled in the Aetna Health Fund Medical plan, the Dental plan, and the Vision plan at costs of $50.15, $11.74, and $2.10 per pay period, respectively, for a total of $63.99 per period. However, with Freddie Mac giving her $34.58 in FlexDollars and a $5 Health Assessment credit, the company has reduced Manisha’s per-pay-period cost by 62 percent; she will pay just $29.41 per pay period for full health, dental, and vision insurance.
only $29.413
per payperiod
Y O U R C O M P R E H E N S I V E B E N E F I T S Y O U R C O M P R E H E N S I V E B E N E F I T S
Our Total Rewards Web site provides a
comprehensive overview of your personalized
compensation and benefits information. To access
your total rewards, go to the Total Rewards Web
site at www.freddierewards.com, where you’ll find
information on your pay, health coverage, vacation,
life insurance, retirement, and many other benefit
programs. These programs, plus your
actual pay, constitute your Total Rewards.
On the Total Rewards site, you will be able to see
both Freddie Mac’s and your contributions to
the following:
n FlexDollars
n Medical coverage
n Dental coverage
n Vision coverage
n Group Term Life (GTL) Insurance
n Accidental Death & Personal Loss (AD&PL)
Insurance
n Group Universal Life (GUL) Insurance
n Short-Term Disability (STD)
n Long-Term Disability (LTD)
n Thrift/401(k) contributions and match
n Basic Contribution (under the Thrift/401(k)
Savings Plan)
n Pension Plan information
n Educational Assistance
n Adoption Assistance
n Relocation Program
n Corporate Bonus Program
n Federal Unemployment Insurance
n FICA
Freddie Mac’s Total Rewards
Valuable Online ToolFreddie Mac’s Total Rewards gives you comprehensive information about your personalized compensation and benefits and links to additional sites to process benefit changes.
4
Y O U R C O M P R E H E N S I V E B E N E F I T S Y O U R C O M P R E H E N S I V E B E N E F I T S
Group Universal Life InsuranceAetna’s Group Universal Life (GUL) Program offers you and/or your spouse the option to purchase additional term life insurance protection — at after-tax group rates — with a Cash Accumulation Fund that earns tax-deferred interest. You and/or your spouse have access to the CAF through loans and withdrawals.
From the Total Rewards site, you can link to
additional sites to process benefit changes. For
example, if you would like to change your 401(k)
investments, or if you would like to add a newly
eligible dependent to your benefits, simply click on
the NetBenefits link to make the necessary changes.
In addition, you have access to health care providers
and all the benefit plan summaries and forms.
You can access the Total Rewards site 24 hours
a day, seven days a week. All you need is your
username and password. Your username
(your employee ID number) and password
will be mailed to you at your home address
approximately 10 weeks after your date of hire. If
you have any questions regarding the Total Rewards
site, please contact the Freddie Mac
5
Benefits & Payroll Information Line at (703) 918-
5555, Monday through Friday, between 8:45 a.m.
and 5:15 p.m. ET, or send an e-mail to benefits@
freddiemac.com.
Freddie Mac gives eligible employees $34.58 in FlexDollars per pay period to offset health care costs. That’s more than $800 per year. You can get an additional $5 per pay period if you complete an online Health Assessment, raising to $949.92 the total amount given to defray health care-related costs! The company may provide additional FlexDollars to employees with salaries less than $50,000.
Your Health
6
Healthy LifestylesMany of the benefits outlined in this booklet are
offered through Freddie Mac’s flexible benefits plan.
With flexible benefits, you choose the benefits that
best meet the needs of you and your family. Here’s
how it works:
n You choose from a menu of benefit options
to design your personalized benefits program.
n You pay for coverage, with help from
FlexDollars that Freddie Mac provides. You
pay for the cost of your coverage on a pre-tax
and/or after-tax basis, using convenient payroll
deductions.
n You may then periodically update your benefits
as your needs change, during Annual Enrollment
or if you experience a status change.
FlexDollars are payable to you as taxable income in
equal installments each pay period as long as you
are an eligible Freddie Mac employee, to offset the
cost of your insurance premiums.
Freddie Mac’s Flexible BenefitsYour FlexDollars Generally, all eligible full-time employees will receive
$34.58 per pay period to offset the costs of medical,
dental, and vision coverage.
Coverage costs per pay period break down
as follows:
Coverage Cost Per Pay Period
Medical $27.08
Dental $6.25
Vision $1.25
7
Y O U R H E A LT H Y O U R H E A LT H
You will also receive FlexDollars to purchase Group
Term Life (GTL) Insurance coverage for three times
your salary and to purchase Accidental Death &
Personal Loss (AD&PL) Insurance for four times your
salary. FlexDollars for vacation are determined based
on your years of service or by your mid-career hire
status, and your annualized salary as of Aug. 31
each year.
The total amount of FlexDollars you receive is based
on your age, years of service, salary, and number of
hours you are scheduled to work each week. If your
annual salary is $50,000 or less, Freddie Mac will
provide additional FlexDollars per pay period to
make your benefits more affordable.
n $25.00 per pay period (a total of $600 per year)
if your annual salary is less than $35,000.
n $20.00 per pay period (a total of $480 per year)
if your annual salary is $35,000 to $50,000.
Each year during Annual Enrollment, your enrollment
summary on NetBenefits reflects the FlexDollars you
are eligible to receive for the following year.
FlexDollars will appear as a lump sum on your paycheck and are used to offset the cost of your pre-tax benefits. Any unused FlexDollars will be applied to your income.
For example: John receives $48.60 per pay period in FlexDollars. His benefit elections total $82.33 per pay period. John’s FlexDollars offset $48.60 of the cost and John is responsible for the remaining $33.73.
John’s savings = $33.73
Note: If a compensation increase brings your salary to more than $50,000 during the course of the year, the additional FlexDollars will be discontinued.
If you elect more pre-tax options than your
FlexDollars will buy, you authorize Freddie Mac to
deduct money from your pay on a pre-tax and/
or after-tax basis to pay for them. Any unused
FlexDollars become taxable income and will be paid
to you throughout the year, each pay period, as long
as you are an eligible Freddie Mac employee. There
are 24 pay periods in a full calendar year.
If you are a part-time employee (scheduled to work
20 to 31 hours per week), your FlexDollars will
be prorated based on the hours you are regularly
scheduled to work.
Online Health Assessment
Freddie Mac is pleased to offer an online Health
Assessment, available through your Medical plan
provider. Both Aetna and Kaiser Medical plan
participants can use the Health Assessment.
8
Medical FlexDollars $27.08 Medical $62.19
Dental FlexDollars $ 6.25 Dental $ 11.74
Vision FlexDollars $ 1.25 Vision $ 2.10
Group Term Life $ 9.60 Group Term Life $ 6.30
AD&PL $ 4.00 Total Benefit Cost $82.33
Total FlexDollars $48.60 Less FlexDollars ($48.60)
Pre-Tax Benefits Cost $33.73
Y O U R H E A LT H Y O U R H E A LT H
9
If you complete the online Health Assessment each
year, you will receive a $5 per-pay-period credit
toward the cost of your Medical plan coverage.
If your covered spouse or domestic partner also
completes the Health Assessment, Freddie Mac will
provide an additional $5 per-pay-period credit. The
credits will be applied approximately 2-4 pay periods
following the completion of the Health Assessment.
How It Works
The Health Assessment is designed to assist in your
efforts to better manage your health. This online tool
prompts you to provide information to assess your
current health status, identify any risk factors you
may have for specific conditions, and improve your
health by starting to make informed decisions about
lifestyle adjustments.
The assessment covers:
n Current health conditions and family history
n Lifestyle factors such as tobacco use, alcohol
consumption, exercise, and stress levels
n Lab values such as cholesterol and blood
glucose levels
n Use of health care resources, including doctor
visits, prescriptions, and hospitalization
After you complete the Health Assessment, you will
receive a personalized report of your health risks and
guidelines. Based on your results, you may also be
contacted by your Medical plan provider about tools
and resources that can help you manage the health
risks identified in your assessment.
How You Can Complete Your Health Assessment
You may access the Health Assessment through your
Medical plan vendor’s secure member Web site at:
n www.aetna.com if you elect to participate in
an Aetna Medical plan. Once you log in, click
the “Simple Steps” link.
n www.kp.org if you elect to participate in the Kaiser
HMO. Once you log in, click the “Member” link,
visit the “Healthy Living” section, then click
on “Healthy Lifestyle” programs.
Note: The Health Assessment will be available approximately two weeks after you enroll in your Freddie Mac Medical Plan.
Your Privacy is Protected
Rest assured that when you take the Health Assessment, your Medical plan provider will disclose no personal health information that can be used to identify you or your dependents to Freddie Mac. Your Medical plan provider may send aggregated personal health information to third-party vendors, who will use it to provide reports and services to Freddie Mac for its use in evaluating the effectiveness of its health care programs.
Y O U R H E A LT H Y O U R H E A LT H
Benefit Default Coverage
Medical coverage* Aetna Choice POS II Family coverage**
Dental coverage No coverage
Vision coverage No coverage
Group Term Life Insurance One times base salary coverage
Accidental Death & Personal Loss Insurance No coverage
Long-Term Disability 60% coverage
Health Care and Dependent Care Flexible Spending Accounts No participation
Group Universal Life Insurance No coverage
*If you were assigned default Medical coverage, you may change to Participant Plus One or Participant Only coverage (only if you do not have dependents). You may make this change at any time by calling the Freddie Mac Benefits Center at (800) 431-2363. No retroactive changes to your contributions will be made. Changes may not be made to any other default elections.
** You will be defaulted to the Aetna Out-of-Area plan if you live outside the Choice POS II network area.
10
Default Coverage When You First Enroll
If you do not elect Freddie Mac’s flexible benefits
by the end of your enrollment window when you
first become eligible, you will automatically be
deemed to have elected default coverage (see
chart on page 10). As with any other benefit
election, default coverage remains in effect for the
full plan year (Jan. 1 through Dec. 31) unless you
experience a status change. With default coverage,
you authorize Freddie Mac to deduct money from
your pay, to pay for these benefits as necessary.
If you have any questions about default coverage,
log on to NetBenefits. If you prefer to speak with a
representative, call the Freddie Mac Benefits Center
at (800) 431-2363.
Y O U R H E A LT H Y O U R H E A LT H
11
If you live in this area You may choose from these options
Any area of the United States Aetna Choice POS II Aetna Choice POS II Plus Aetna HealthFund CDHP Open Access Aetna Select Aetna Out-of-Area Plan1
Mid-Atlantic area Aetna Choice POS II Aetna Choice POS II Plus Aetna HealthFund CDHP Open Access Aetna Select Kaiser HMO Aetna Out-of-Area Plan1
1This plan is available only to employees who live outside the Aetna Choice POS II network area.
Health CareFor most people, access to comprehensive,
affordable health care is a top benefits priority.
That’s why Freddie Mac offers a choice of Medical
options, as well as Dental and Vision coverage.
With each option, you may choose from three levels
of coverage:
n Participant Only
n Participant Plus One
n Participant Plus Family
You may elect a different coverage level for medical,
dental, and vision coverage, based on your personal
needs. For example, you may elect the Participant
Only coverage level for medical and elect the
Participant Plus One coverage level for dental.
Medical CoverageWith Freddie Mac’s flexible benefits program,
you have several medical options to choose from:
n Aetna HealthFund Consumer-Driven Health Plan
(CDHP)
n Aetna Choice POS II and Aetna Choice POS II Plus
n Aetna Out-of-Area Plan
n Aetna Select
n Kaiser HMO
Preventive care services received within the Aetna
and Kaiser networks will be covered at 100 percent,
with no copayment required.
Medical Plan Options
For a comparison of important features of Freddie Mac’s Medical plan options, refer to the Summary of Medical Benefits Chart included in this brochure.
Y O U R H E A LT H Y O U R H E A LT H
Summary Plan Descriptions
For more information on medical, dental, or vision coverage, refer to the Summary Plan Descriptions located on the NetBenefits, HomeFront, or Total Rewards Web sites.
Examples of preventive care services include:
n Routine physical exams
n Well-woman exams, including pap smears and
screening mammograms
n Routine, age-based immunizations
n Prostate cancer screenings and PSA
(Prostate Specific Antigen) tests
For a full list of preventive care guidelines, visit
www.ahrq.gov/clinic/prevenix.htm.
All Freddie Mac Medical plan options cover doctor
visits, hospitalization, surgery, and emergency care,
subject to limitations as outlined in the Medical
Plan SPD. The options differ in terms of how care
is delivered; how much you contribute to the cost
of coverage; how much you pay when you receive
care; types of care covered; and how claims are
filed. You make the choice about the option that’s
right for you.
The following information describes how each
Medical plan option works:
Aetna HealthFund CDHP
The Aetna HealthFund is a Consumer-Driven Health
Plan (CDHP) that gives you more flexibility in how
you spend — or save — your health care dollars. Here
is a snapshot of how the plan works:
n Nationally recommended preventive care services
are covered at 100 percent in-network and are not
subject to the plan’s deductible.
n For non-preventive care expenses, the plan
features a Health Reimbursement Account (HRA).
This is a recordkeeping account Freddie Mac
establishes on your behalf. Each year, Freddie Mac
credits a specific amount to your account to cover
the cost of eligible medical expenses. Unused
funds roll over from year to year, as long as you
remain in the Aetna HealthFund.
n For non-preventive care services, you pay
the actual cost of care at Aetna’s negotiated
rates — no copays — until you satisfy the annual
deductible. The actual cost will vary depending
on whether you receive care in-network or out-of-
network. You use your HRA funds to help cover
these out-of-pocket expenses.
n If you exhaust your fund benefit and satisfy the
plan’s deductible for the year, your eligible medical
HRA Annual Deductible Health Coverage Preventive Care
Company funds to help you pay for eligible medical and prescription drug expenses
Amount that needs to be sat-isfied before traditional health
coverage begins
Protects you from high costs Eligible preventive care from in-network providers covered
at 100%
Unused funds roll over from year to year
Preventive care not subject to the deductible
Coinsurance similar to traditional medical plans
Out-of-pocket maximums for added peace of mind
12
Y O U R H E A LT H Y O U R H E A LT H
13
What Freddie Mac Pays
Health
Reimbursement Account (HRA)
What You Pay
Your Portion of the Annual Deductible
You Meet the Annual Deductible
HRA + Your
Responsibility
What Freddie Mac and You Pay
Health Coverage
What Freddie Mac and You Pay
Out-of-Pocket
Maximums
All initial medical and prescription drug
expenses are paid first by the HRA.
(In-network preven-tive care is covered at 100% and does not
impact the annual HRA balance.)
Once you have exhausted your HRA
funds for the year, you must pay the portion of
the annual deduct-ible for which you are
responsible before benefits are paid under
the plan.
Once you satisfy the deductible, your under-lying health coverage pays a percentage of your eligible medical and prescription drug expenses for the year (shown below), until you meet the out-of-pocket maximum.
If you meet your out-of-pocket
maximum for the year (your coinsurance maximum, shown below, plus your
portion of the annual deductible), the plan will pay 100% of your eligible expenses for the rest of that year.
HRA contributions:
$1,000 Participant Only
$1,750 Participant + 1
$2,500 Participant + Family
+ Any remaining balance from your 2007 HRA
(if applicable)
Your portion of the Annual Deductible:
$750 Participant Only
$1,375 Participant
+ 1
$2,000 Participant + Family
$1,750 Participant Only
$3,125 Participant + 1
$4,500 Participant + Family
In-network: Plan pays 80%; you pay 20%
Out-of-network: Plan pays 60% of R&C costs; you pay 40% of R&C costs
Coinsurance maximums
In-network:$2,000
Participant Only
$3,000 Participant + 1
$4,000 Participant + Family
Out-of-network:$4,000
Participant Only
$6,000 Participant + 1
$8,000 Participant + Family
expenses are covered under the plan’s traditional
health coverage. Generally, the plan pays 80
percent of in-network costs and 60 percent of
reasonable and customary (R&C) charges for
out-of-network care.
n If you reach the plan’s out-of-pocket maximum,
the CDHP pays 100 percent of covered costs for
the remainder of the year. Out-of-network costs
are reimbursed according to Aetna’s R&C charges.
The chart below provides a high-level overview of
how the Aetna HealthFund CDHP works. See the
following sample questions and answers for more
information.
Is the Aetna HealthFund CDHP Right for You?
Does the HealthFund CDHP offer the same coverage
at a better value? Ask yourself the following:
n What type of health care user am I? If you use
health care primarily for preventive, wellness, and
routine health check-ups, you will generally pay
less out-of-pocket under the CDHP. If your health
care needs go beyond routine types of care and
services, you may pay more out-of-pocket under
the CDHP than you would under a POS or HMO
option.
n Do I prefer to pay the larger portion of my
health care expenses through contributions
or when I receive care? There is no “right”
Y O U R H E A LT H Y O U R H E A LT H
answer. You will need to consider that you will pay
significantly lower contributions with the CDHP, but
may also be responsible for paying more out-of-
pocket when you receive care. On the other hand,
your contributions for the POS and HMO options
will be higher than contributions for the CDHP, but
you may pay less when you receive care.
n Do I want to use a Health Reimbursement
Account (HRA) to manage my health care
dollars? If you enroll in the CDHP, Freddie Mac will
add to your HRA balance each year, which helps
you meet the annual deductible. Unused HRA
funds roll over from year to year, as long as you
remain enrolled in the CDHP.
For additional information about the Aetna
HealthFund CDHP, please refer to the Medical
Plan SPD.
Aetna Choice POS II Plans
Freddie Mac offers two Point-of-Service II (POS
II) Plan options through Aetna. Both options
give you the freedom to choose your own health
care providers. While you are not required to use
providers within Aetna’s network, you will receive
the highest level of benefit coverage when you
obtain care from an in-network provider. See the
Summary of Medical Benefits beginning on page 17
for more information about deductibles, copays and
coinsurance amounts.
For additional information about these options,
please refer to the Medical Plan SPD.
Aetna Out-of-Area Plan
The Aetna Out-of-Area (OOA) Plan is available
only to Freddie Mac employees who live in an area
not covered under the Aetna network. The plan
generally works like the Aetna Choice POS II plans,
except there is no network of preferred providers
— you choose your own health care providers and
share your medical costs with the plan through
coinsurance after you meet the annual deductible.
For additional information about the Out-of-
Area Plan, see the Summary of Medical Benefits
beginning on page 17, or refer to the Medical
plan SPD.
Open Access Aetna Select Plan
The Open Access Aetna Select Plan option requires
that you receive services from physicians and
facilities in the Open Access Select network. With
the Open Access Select Plan, you won’t need to
designate a primary care physician (PCP) and obtain
written referrals.
For additional information about these options,
please refer to the Summary of Medical Benefits
beginning on page 17, or refer to the Medical
plan SPD.
Kaiser Mid-Atlantic HMO
The Kaiser plan pays benefits only for care
coordinated by your PCP and provided through your
plan’s network (except in an emergency). Generally,
you pay a flat copay when you receive care for most
covered services. If you elect to enroll in an HMO,
make sure to elect your PCP.
For additional information about these options,
please refer to the Summary of Medical Benefits
beginning on page 17, or refer to the Medical
plan SPD.
Freddie Mac’s Healthy Lifestyles: Get the Most from Your Health Care
n Get healthy. Do everything you can to live a
healthy, productive life: manage your weight,
make smart nutrition choices, get plenty of
14
Y O U R H E A LT H Y O U R H E A LT H
Online Pharmacy Tools and ResourcesWhen you enroll in an Aetna Medical plan, you will have access to www.aetnapharmacy.com. Through this Web site, you have access to tools and resources to help you make the most of your prescription drug coverage.
Learn about:n Possible prescription drug side effectsn Potential generic substitutes for brand-name drugsn Money-saving tips and frequently asked questionsn Drug safety, including harmful drug interactions
exercise and rest, manage stress, and visit your
doctor for physicals and screenings. It’s easier
said than done, but making small adjustments can
make a real difference in your overall health status.
n Become an informed health care consumer. Learn
about the various Medical plan options and how
they work to help you make smart health care
decisions for yourself and your family.
n Get help when you need it. Whether you’re
managing a chronic health condition, expecting
a new baby, or just want more information about
getting and staying healthy, take advantage of the
resources available to you through your health
care plans.
Prescription Drug Coverage The information below pertains to all the Aetna
Medical plans except the Aetna HealthFund CDHP.
Brand-Name Prescription Drugs Subject to Coinsurance
If your doctor prescribes a brand-name drug, you
will pay a percentage (coinsurance) of the actual
drug cost (at Aetna’s negotiated rates), subject to a
minimum and a maximum cost. For generic drugs,
you will pay a flat copay.
The chart above outlines the copays for generic
drugs and the coinsurance amounts and minimum/
maximum payments for brand-name drugs.
Generic Brand-Name Formulary Brand-Name Non-Formulary
Retail $10 copay 30% coinsurance ($30 minimum/$60 maximum)
50% coinsurance ($50 minimum/$100 maximum)
Mail-Order $20 copay 30% coinsurance ($60 minimum/$120 maximum)
50% coinsurance ($100 minimum/$200 maximum)
15
Y O U R H E A LT H Y O U R H E A LT H
Kaiser Copays
Mail-Order* (Up to 90-day supply)
Retail Pharmacy (Up to 60-day supply)
Kaiser Pharmacy
Generic drugs $13 $20 $15
Brand-Name Formulary $23 $45 $25
Brand-Name Non-Formulary
$38 $60 $40
*Maintenance medications only
Determining Your Share of the Cost for Brand-Name Drugs
n Go to www.aetna.com
n Enter: Username and password
If you forgot your username and password, follow
the prompts
n Click on “Pharmacy Benefits” under “Related
Shortcuts”
n Click on “Prescription Drug Cost”
n Enter the name of the drug you wish to price
n Enter the dosage
n Your estimated out-of-pocket cost is calculated
based on the applicable coinsurance, and it will
appear on your screen
Mail-Order Program
Whether you enroll in one of the Aetna Medical plans or the Kaiser HMO plan, you can offset some of the costs of your prescription drugs using the mail-order program. Using mail-order is easy and convenient, and it saves you money. In addition, your prescription order comes right to your home.
Aetna’s Save a CopaySM Program
You will save money if you choose to take an
approved generic drug over a brand-name
alternative to treat specific conditions such
as heartburn, depression, allergies, and high
cholesterol. Aetna will notify you if you take a
brand-name drug with an approved generic
alternative. You should talk to your health care
provider about switching to the generic drug.
If you choose the approved generic drug, you won’t
pay any copays for the first six months you use the
generic drug.
After the initial six-month period, you can continue
to save by paying the applicable generic copay
instead of the coinsurance rate for the brand-name
alternative.
For the Kaiser HMO Plan your prescription drug
copays reference the chart below.
16
Y O U R H E A LT H Y O U R H E A LT H
Important Note! All percentages shown on the following charts are amounts paid by the Freddie Mac
Medical Plan unless otherwise noted.
17
2010 Summary of Medical Benefits – All Regions
Aetna HealthFund Aetna Choice POS IIAetna Choice POS II
Plus
Aetna OOA
Aetna Select
Kaiser HMO
In- Network
Out-of-Network
In- Network
Out-of-Network
In- Network
Out-of-Network
Member Services (888) 238-6293 (888) 238-6293 (888) 238-6293 (888) 238-6293
(888) 851-2386
(301) 468-6000
(800) 777-7902
HRA (Health Reimbursement Account)3
Individual $1,000 na na na na na
2-person $1,750 na na na na na
Family $2,500 na na na na na
Deductible
Individual $1,7504 $8001 $1,6001 $4001 $8001 $400 na
2-person $3,1254 $1,6001 $3,2001 $8001 $1,6001 $800 na
Family $4,5004 $1,6001 $3,2001 $8001 $1,6001 $800 na
Annual Out-of-Pocket Maximum
Individual $2,0005 $4,0005 $3,000 $6,000 $2,000 $4,000 $2,000 $1,500 $1,500
2-person $3,0005 $6,0005 $6,000 $12,000 $4,000 $8,000 $4,000 $3,000 $3,000
Family $4,0005 $8,0005 $6,000 $12,000 $4,000 $8,000 $4,000 $3,000 $3,000
Coinsurance % Plan Pays
80% 60%2 70% 50%2 80% 60%2 70%2 90% after copay
Office Visits Primary/Specialist
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
$30/$40 copay
50% $25/$35 copay
60% 70% $25/$35 copay
$25/$35 copay
Routine Preventive Medical Services
100%6 100% 50% 100% 60% 70% 100% 100%
1. The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
2. Reasonable and customary limits apply to out-of-network services and the Out-of-Area option.
3. HRA is provided by Freddie Mac and is used to pay the cost of any covered medical expenses. There are no participant contributions to the HRA. The participant pays after the HRA is used. The HRA fund offsets the deductible. Once the deductible is met, the medical plan provides coverage and the HRA pays the participant’s responsibility until the out-of-pocket maximum has been reached or the HRA has been exhausted, whichever comes first.
4. The HRA will be applied towards meeting your deductible for the Aetna HealthFund.
5. Maximum out-of-pocket amount at coinsurance level. Does not include the deductible. Note: after reaching the coinsurance maximum, the plan pays 100 percent of reasonable and customary charges for covered services for the remainder of the plan year.
6. Does not apply toward deductible or out-of-pocket maximum. The cost of preventive care services is covered at 100 percent subject to national standards.
Y O U R H E A LT H Y O U R H E A LT H
18
2010 Summary of Medical Benefits – All Regions
Aetna HealthFund Aetna Choice POS IIAetna Choice POS II
Plus
Aetna OOA
Aetna Select
Kaiser HMO
In- Network
Out-of-Network
In- Network
Out-of-Network
In- Network
Out-of-Network
Routine Allergy and all related services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
100% after $30/$40 copay
Copay depends on type of provider
50% 100% after $25/$35 copay
Copay depends on type of provider
60% 70% 100% after $25/$35 copay
For injections,
allergy testing,
and serum preparation
Copay depends on type of provider
100% after $25/$35 copay
For injections
and allergy testing
Copay depends on type of provider
Inpatient Hospital and all related services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50%
Additional hospital
deductible of $150 per admission
80% 60%
Additional hospital
deductible of $150 per admission
70% 90% after $100 copay
per admission
90% after $100 copay
per admission
Outpatient Hospital and all related services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% 90% 90% after $25 copay
Lab & X-rays 100% in HRA
0% in deductible
100% coin-surance
70% 50% 100% 60% 70% $35 100%
Short-term Rehabilitation
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% $35 copay
if approved; limited to
60 visits per calendar
year
90% after
$25 copay
For inpatient
treatment; limited to 2
months
For out-patient
rehabilita-tion; limited to 90 days
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
Y O U R H E A LT H Y O U R H E A LT H
19
2010 Summary of Medical Benefits – All Regions
Aetna HealthFund Aetna Choice POS IIAetna Choice POS II
Plus
Aetna OOA
Aetna Select
Kaiser HMO
In- Network
Out-of-Network
In- Network
Out-of-Network
In- Network
Out-of-Network
Emergency Room and all related services
100% in HRA,
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 80% 70% $50 copay per visit
waived if admitted
$50 copay
per visit
waived if admitted
Benefit paid at 60% for emergency room care
for non-emergencies and coinsurance not applied to out-of-pocket maximum
Benefit paid at 60% for emergency room care for non-emergencies and coinsurance not applied to out-of-
pocket maximum
Not covered for non-
emergency use of
emergency room
Urgent Care Services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 80% 70% $50 copay per visit
$25 copay at Kaiser
Permanente Medical Center
Benefit paid at 60% for urgent care facility use
for non-urgent care and coinsurance not applied to out-of-pocket maximum
Benefit paid at 60% for urgent care facility use for non-urgent care and coinsurance not applied to out-of-
pocket maximum
Not covered for non-urgent
use of urgent care
facility
Infertility 100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% See plan specific enrollment materials
Maximum lifetime benefit $10,000; $2,500
annual maximum for fertility drugs
Maximum lifetime benefit $10,000; $2,500 annual maximum for fertility drugs
Durable Medical Equipment
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% 100% of charges if approved by plan
100%
No Annual Maximum
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
Y O U R H E A LT H Y O U R H E A LT H
20
2010 Summary of Medical Benefits – All Regions
Aetna HealthFund Aetna Choice POS IIAetna Choice POS II
Plus
Aetna OOA
Aetna Select
Kaiser HMO
In- Network
Out-of-Network
In- Network
Out-of-Network
In- Network
Out-of-Network
Inpatient Hospice Care
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% 90% after $100 copay per admission if approved
by plan
90% if ap-proved by
plan
Unlimited Lifetime maximum of 180 days 30-day lifetime
maximum
Home Health Care 100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% $35 copay if approved
by plan
90%
Limited to 120 visits per calendar year
Skilled Nursing Facility
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% 90% after $100 copay per admission if approved
by plan
90% after $100 copay per admis-
sion
Limited to 100 days per calen-dar year
Limited to 120 days per calendar year
Inpatient Mental Health Treatment Facility and related services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% 90% after $100 copay per admis-
sion
90% after $100 copay per admis-
sion
For medically necessary admissions
No Limit
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
Y O U R H E A LT H Y O U R H E A LT H
21
2010 Summary of Medical Benefits – All Regions
Aetna HealthFund Aetna Choice POS IIAetna Choice POS II
Plus
Aetna OOA
Aetna Select
Kaiser HMO
In- Network
Out-of-Network
In- Network
Out-of-Network
In- Network
Out-of-Network
Inpatient Substance Abuse Treatment Facility and related services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
70% 50% 80% 60% 70% 90% after $100 copay per admis-
sion
90% after $100 copay per admis-
sion
No Limit
Outpatient Mental Health and Substance Abuse Treatment Facility and related services
100% in HRA
0% in deductible
80% coin-surance
100% in HRA
0% in deductible
60% coin-surance
$40 copay 50% $35 copay 60% 70% $35 copay
No Limit
$25 copay per visit
If medically necessary
No Limit
Prescription Drugs 100% in HRA
0% in deductible
80% coinsurance (in-network)
Important Note: No cov-erage at non-participating
pharmacies.
Participating pharmacies: (30-day supply)
Generic: $10 copay
Brand Formulary: You pay 30%, $30 minimum/$60 maximum
Brand Non-Formulary: You pay 50%, $50 minimum/$100 maximum
Important Note: No coverage available at non-participating pharmacies
At Kaiser:
$15 Generic
$25 Brand Name
Formulary
$40 Brand Name Non-Formulary
At Par-ticipating
Pharmacy:
$20 generic
$45 Brand Name
Formulary
$60 Brand Name Non-Formulary
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
Y O U R H E A LT H Y O U R H E A LT H
22
Medical Plan Summary Plan Description
See the Medical Plan Summary Plan Description (SPD) for definitions and limitations. Every attempt has been made to ensure that this chart accurately reflects the provisions of the Federal Home Loan Mortgage Corporation Health Care Plan (of which the Medical Plan is a part). However, if the information in this chart differs from the provisions of the Health Care Plan, the Health Care Plan provisions will control. Contact your plan’s member services with any specific questions.
2010 Summary of Medical Benefits – All Regions
Aetna HealthFund Aetna Choice POS IIAetna Choice POS II
Plus
Aetna OOA
Aetna Select
Kaiser HMO
In- Network
Out-of-Network
In- Network
Out-of-Network
In- Network
Out-of-Network
Mail-Order Drugs 100% in HRA
0% in deductible
80% coinsurance (in-network)
Important Note: No coverage at non-par-
ticipating pharmacies
Aetna Rx Home Delivery (866) 612-3862 (90-day supply)
Generic: $20 copay
Brand Formulary: You pay 30%, $60 minimum/$120 maximum
Brand Non-Formulary: You pay 50%, $100 minimum/$200 maximum
Important Note: No coverage available at non-participating pharmacies
$13 Generic
$23 Brand Name
Formulary
$38 Brand Name Non-Formulary
60-day supply, 90-day supply
for mainten-ance medi-
cations
Diabetic Supplies 100% in HRA
0% in deductible
80% coinsurance (in-network)
Important Note: No coverage at non-par-
ticipating pharmacies
Participating Pharmacies
Covered
Includes needles, syringes, test strips, lancets and alcohol swabs.
Important Note: No coverage at non-participating pharmacies.
80% For needles
and syring-es at Kaiser pharmacy
80% Through
mail order for chem-
strips, insulin, and
diabetic supplies
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
Y O U R H E A LT H Y O U R H E A LT H
23
Aetna’s HealthConnections ProgramsFreddie Mac encourages you to live well and wants
to help you save money. That’s why we’re offering
valuable incentives for participation in Aetna’s Online
Wellness and Disease Management programs.
Disease Management
The disease management program proactively
identifies members who live with, or who are at risk
for, established conditions such as:
n Vascular — Congestive heart failure, diabetes,
coronary artery disease, hypertension, peripheral
artery disease, cerebrovascular disease/stroke
n Pulmonary — Asthma, chronic obstructive
pulmonary disease
n Orthopedic — Osteoporosis, rheumatoid arthritis
n Oncology — Breast cancer, lung cancer,
lymphoma/leukemia, prostate cancer, colorectal
cancer
n Gastrointestinal — Gastro esophageal reflux
disease, peptic ulcer disease, Crohn’s disease,
ulcerative colitis, chronic hepatitis
n Neurological — Geriatrics, migraines, seizure
disorders, Parkinson’s
n Others — Hypercoagulable state, chronic kidney disease, sickle cell disease, cystic fibrosis,
end-stage renal disease, HIV, low back pain
Through the program, Aetna contacts each
participant potentially at risk for any of these
conditions — and his/her provider — on a confidential
and voluntary basis, to help proactively manage
health. Participants will receive informative,
confidential mailings at their home, outlining the
parameters of the program. The program allows
members to work together with physicians in order to
prevent, reduce, or slow the development of disease
complications. This program is not mandatory and
is completely confidential, so individuals not wishing
to participate can simply advise Aetna, and Aetna
will cease sending information. If you participate in
the Aetna HealthFund, Aetna Choice POS II, Aetna
Choice POS II Plus, Aetna Select, or Aetna Out-of-
Area options, the program is available to you and
your dependents 18 and older.
If you or your eligible dependents participate
in the program, an incentive credit of $100 will
be applied towards out-of-pocket expenses
(deductible, coinsurance or HRA fund) for the plan
year. Participation includes having a telephone
assessment with a nurse or clinical professional and
enrolling in the program at the Nurse Engagement
level. A program participant will be limited to one
incentive credit per plan year (including those
participants who receive counseling for more than
one condition).
Aetna Online Wellness ProgramsThe Aetna Online Wellness programs are designed to
help you work toward your health goals at your own
pace, with your personal needs and lifestyle in mind.
There are six interactive programs available:
n Balance™ (weight management and physical
activity)
n Nourish™ (nutrition and diet)
n Relax™ (stress management)
n Breathe™ (smoking cessation)
n Overcoming™ Insomnia
n Overcoming™ Depression
The Online Wellness programs are available to you
and your covered spouse/domestic partner. Covered
persons must first complete the Health Assessment
to participate. After you complete your Health
Assessment, you will receive an e-mail inviting you to
participate in a program that aligns with your health
Y O U R H E A LT H Y O U R H E A LT H
needs and objectives. Or, you can start a Wellness
program by visiting www.aetna.com, clicking on
“Simple Steps to a Healthier Life“ then clicking on
the “View My HealthMedia Programs” button. Each
Online Wellness program offers valuable tips and
support, including online libraries, newsletters and
tools to help you set goals and track progress. When
you begin a Wellness program, you will have up to
240 days to complete it, working at your own pace.
You will be invited to complete program evaluations
at the 30-day, 90-day and 180-day milestones.
The Aetna Online Wellness programs are available to
eligible Aetna plan members at no cost. Once you
(or your eligible family member) complete the 30-day
program evaluation, an incentive credit of $25 may
be applied towards out-of-pocket medical expenses
(deductible, coinsurance, or HRA fund). The credit
will not be applied to out-of-pocket prescription drug
expenses. Incentive credits for you and your family
members combined will be limited to two per year
for a total of $50.
Aetna Navigator
If you decide to enroll in one of the Aetna Medical plans, you will have access to the tools and resources through the Aetna Navigator Web site at www.aetna.com. For example, you’ll be able to use the DocFind® tool to look up the rates for many participating physicians:
n Select “Provider Detail” and click on “View Rates for Aetna Members.”
n You will find the actual rates doctors have agreed to receive from Aetna as reimbursement for many widely used services (e.g., office visits, medical tests and procedures).
n You can determine your out-of-pocket cost for the service by applying your deductible, copay and/or coinsurance.
Once you’re enrolled, be sure to register with Aetna Navigator and use the tools available to you to make the most of your medical coverage.
24
Service Participating Provider Non-Participating Provider
Annual eye exam Free $40 benefit
Lenses and frames $20 copays on standard stock $50 wholesale allowance (private-practice providers) $130 retail allowance (retail chain providers)
$65 benefit
Contacts (in lieu of glasses and frames)
$20 copays on standard $105 allowance on non-standard $105 benefit (includes exam, fitting, and follow-up)
Vision Coverage The Vision Plan, administered by UnitedHealthcare
Vision, provides coverage for annual eye exams and
includes specific dollar allowances for frames, lenses,
and contact lenses. Some materials are covered in
full; for others, you will pay the difference between the
allowance and the total cost. You have the option of
using in-network or out-of-network providers, but you
pay more if you use providers outside the network.
For detailed information about the Vision Plan, please
see the Vision Plan Summary Plan Description (SPD),
posted on the NetBenefits, HomeFront, and Total
Rewards Web sites.
Y O U R H E A LT H Y O U R H E A LT H
Covered Service Aetna Dental PPO
Annual Deductible* $100
Preventive care** (exams, cleanings) 100% (no deductible)
Basic Care** (fillings, extractions) 80%
Major Care** (crowns, bridges) 50%
Orthodontia (for covered dependent children) 50% (no deductible)
Calendar Year Maximum (not including orthodontia) $1,500
Lifetime Orthodontia Maximum $1,500
*Does not apply to preventive care or orthodontia **Reasonable and Customary (R&C) charges apply
25
Dental CoverageRegular dental care is an important part of your
overall health. That’s why Freddie Mac offers dental
coverage for you and your eligible dependents. Our
Plan provides coverage for a wide variety of dental
services, including:
n Preventive care — including routine exams, X-rays
and cleanings
n Basic care — including fillings
n Major care — including crowns, bridgework,
and dentures
n Orthodontia — for children only
The Dental Plan is a Preferred Provider Organization
(PPO) plan administered by Aetna. You may
see any licensed provider you choose, but your
benefits are greater when you use a dentist within
the Aetna network.
For detailed information on the Dental Plan, including
limitations and exclusions, please see the Dental
Plan SPD, posted on the NetBenefits, HomeFront,
and Total Rewards Web sites.
Are you considering enrolling in the Health Care Spending Account to help pay for orthodontia costs?
If so, please reference Aetna’s “Orthodontia Claim Reimbursement Guidelines” on HomeFront for helpful information.
Your benefits are a significant complement to your base compensation. Freddie Mac is proud to offer a variety of ways to help you save and invest your money; plan for your retirement; and provide insurance protection.
Today, fewer employers offer a 100-percent company-funded pension plan in addition to a 401(k) plan. We do. Did you know that in the prime of your life you’re more likely to become disabled and need income protection insurance than you are to die and need life insurance? We fund disability coverage for you and give you the opportunity to purchase extra.
You work hard to earn your living. We want you to know we’re working hard to help you preserve and grow your financial resources.
Your Money
26
Savings, Investment, and Retirement
27
Freddie Mac is committed to offering plans that
provide valuable benefits for our employees. These
include high-quality plans such as the Thrift/401(k)
Savings Plan and the Employees’ Pension Plan. For
further information on these plans, please refer to the
applicable SPDs and Plan Summaries, which can
be located on the NetBenefits, HomeFront, or Total
Rewards Web sites.
Thrift/401(k) Savings PlanYou become eligible to make pre-tax contributions
shortly after your date of employment, at which
time you will be automatically enrolled in the Plan
at a three percent pre-tax contribution that will
be invested in the age-appropriate Vanguard
Target Retirement Fund. Contributions will begin
approximately 45 days after your hire date.
Enrollment is automatic unless you call the Freddie
Mac Benefits Center to elect no contribution or
select zero via NetBenefits. You may change the
contribution percentage rate (and contribute up to
25 percent), change your investment options, view
your online statement, or order prospectuses virtually
at any time by going online to the NetBenefits
site, which can be accessed via HomeFront, the
Total Rewards site, or by going directly to the URL
address: http://netbenefits.fidelity.com. You may
also contact the Freddie Mac Benefits Center at
(800) 431-2363.
You may also be able to roll over a distribution
from an eligible retirement plan of a previous
employer, subject to certain rules. After the first
day of the month following your anniversary date,
you are eligible to make after-tax contributions
to the Thrift/401(k) Plan, to receive a Company
Match to your contributions, and to receive a Basic
Contribution (discretionary) allocation.
Y O U R M O N E Y Y O U R M O N E Y
Generous 401(k) Match for Eligible EmployeesStarting in your second year of service, Freddie Mac offers a 50-percent match up to 3 percent of income contributed to your 401(k) Plan. Once you begin your sixth year of service, the company gives you a dollar-for-dollar match up to 6 percent of your income contributed. All vest immediately and fully upon the company’s contribution.
The Company Match is as follows:
Current Year of
Employment
Percentage of Freddie Mac Match
Percent of Pay Contributed by Freddie
Mac if Employee Contributes 6% of Pay
2-3 50% 3%
4-5 75% 4.5%
6 or more 100% 6%
You may contribute from one percent to 25
percent of your pay (either pre-tax, after-tax, or a
combination of the two), and you can choose to
invest in any or all of the plan’s investment options.
(Note: After-tax contributions are available only after
completion of one year of service).
You may do so by simply going online to the
NetBenefits site, which can be accessed via
HomeFront, the Total Rewards site, or by going
directly to the URL address http://netbenefits.
fidelity.com. You may also contact the Freddie Mac
Benefits Center at (800) 431-2363.
You are fully and immediately vested in both your
contributions and the Company Match. Your vesting
for the Basic Contribution is based on your years of
service, as follows:
Years of Vesting Service Vesting Percentage
1 20%
2 40%
3 60%
4 80%
5 100%
You become fully vested in the Basic Contribution
after five years of service during which you worked
at least 1,000 hours in each calendar year. The
Thrift/401(k) Savings Plan also has loan and hardship
withdrawal features. Plan and IRS restrictions apply.
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Y O U R M O N E Y Y O U R M O N E Y
29
The Thrift/401(k) Savings Plan currently offers a
variety of funds in which you may invest. Information
on each fund and its performance is available when
you first enroll in the Thrift/401(k) Savings Plan.
Up-to-date fund information, including the most
recent prospectuses, information regarding fees,
performance reports, etc., is available from the
Freddie Mac Benefits Center.
Pension PlanYou become eligible to participate in the Pension
Plan after a year of service (provided you are age 21
or older). The pension benefit varies according to
your age, salary, and length of service. You become
fully vested after five years of service during which
you worked at least 1,000 hours each calendar year.
Early retirement is available at age 55 and five years
of service; normal retirement age is 65. To estimate
the current or future value of your accrued pension
benefits, log on to the Pension Calculator located on
HomeFront.
For questions related to the Pension Plan, please
contact the Benefits & Payroll Information Line at
(703) 918-5555.
Flexible Spending AccountsYou can take advantage of pre-tax Flexible
Spending Accounts (FSAs) to save money on eligible
expenses. There are two types of FSAs:
n Health Care Spending Account (HCSA), which
you can use for eligible expenses that your
Medical, Dental, and Vision plans do not cover
or cover only in part, including deductibles and
copayments. You may enroll in the HCSA even
if you do not have medical, dental, and/or vision
coverage through Freddie Mac.
n Dependent Care Spending Account (DCSA),
which you can use for eligible expenses related to
child or other dependent care (such as care for an
elderly parent or disabled dependent) that enables
you (and your spouse, if married) to work or attend
school full time. It does not include educational
expenses.
Because you pay for eligible expenses on a
pre-tax basis, you reduce your taxable income,
which saves you money. You can choose to
contribute to one or both accounts through
convenient payroll deductions. Under the HCSA,
Freddie Mac provides automatic reimbursement
if you participate in an Aetna Medical or Dental
option. This means that when you file a medical
or dental claim to be reimbursed for services from
Aetna, you will not need to file a separate claim for
reimbursement from your HCSA; a reimbursement
request will be automatically forwarded to Aetna.
FSA Calculator
Need help in estimating your Flexible Spending Account contributions? The FSA Calculator is an online tool that can be used to calculate annual contributions to a Health Care and/or Dependent Care Flexible Spending Account, as well as estimate your tax savings. Participants will estimate anticipated health care and/or dependent care expenses that are eligible for reimbursement. The FSA Calculator is available on NetBenefits.
However, if you intend to use your HCSA
contributions for something specific (e.g.,
eyeglasses, Lasik surgery) or if you have coverage
under another plan that requires coordination of
benefits, you must call the Freddie Mac Benefits
Center at (800) 431-2363 to opt out.
Y O U R M O N E Y Y O U R M O N E Y
Minimum Contribution Maximum Contribution
Health Care Spending Account $240 per year $5,000 per year
Dependent Care Spending Account $600 per year $5,000 per year
The IRS specifies the maximum DCSA reimbursement that can be excluded from income based on your federal filing status. The plan limits are the same as the IRS limits. Please read the Dependent Care Plan Summary located on HomeFront or on the NetBenefits or Total Rewards sites for additional information about contribution limits.
Both the HCSA and DCSA accounts have certain
minimum and maximum contribution amounts, as
shown in the chart on page 30. You decide how
much to contribute to your account(s) by estimating
how much you expect your health care and/or
dependent care expenses to be during the
calendar year.
While spending accounts can save you money
on taxes, you should be aware of the following
restrictions before enrolling in one or both accounts:
All expenses for which you request reimbursement
must be incurred on or after your participation
begins. Your participation begins on the first day
of the first pay period in which payroll deductions
commence.
You must obtain your daycare provider’s tax ID
or Social Security Number to access the money
in your DCSA.
You will have until March 31 of each year to
submit claims for reimbursement of all eligible
expenses incurred Jan. 1– Dec. 31 of the previous
plan year, and any additional expenses incurred
Flexible Spending AccountsDid you know that you can arrange to have your reimbursements directly deposited into any bank account you wish? Simply complete the Flexible Spending Accounts Authorization for Direct Deposit form found on HomeFront, and reimbursement will be credited to the designated account versus receiving a check via mail.
For more important information about restrictions, coverage limitations, and tax implications of Flexible Spending Accounts, refer to the Health Care and Dependent Care descriptions located on the NetBenefits, HomeFront, and Total Rewards Web sites.
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Y O U R M O N E Y Y O U R M O N E Y
Rachel’s StoryA recent college grad, Rachel started working full time at Freddie Mac on May 6, 2007. On May 6, 2008 — the first day of her second year of employment — Rachel became eligible to receive a 50 percent matching contribution. She earns $50,000 per year and contributes six percent of her income, or $3,000, to her 401(k). Therefore, Rachel’s Freddie Mac match is $1,500.
match = 50% of 6%company
31
through March 15 of the current calendar year if you
did not use up all of your contributions before the
end of the plan year. This allows you a longer period
of time within which to incur and pay for eligible
expenses before any amounts are forfeited under
the “use-it-or-lose-it” rule.
It is your responsibility to make sure that Aetna
receives your claims, in good order, by March 31.
Claims received by Aetna after March 31 will not be
accepted — with no exceptions.
Health Care Spending Account
If you enroll in the Aetna HealthFund Medical option and also sign up for the HCSA, your HRA will reimburse eligible expenses first. If you use all of your HRA credits, then the HCSA will reimburse any additional eligible expenses, up to the amount of your HCSA annual contribution. For specific information, please see the HCSA SPD located on NetBenefits, the Total Rewards Web site or the Flexible Benefits page on HomeFront.
If you do not incur enough expenses to use all the
contributions you make to your account(s) by Mar.
15 following the end of the plan year for which the
contributions are made, the IRS requires you to
forfeit any remaining balance in your account. You
cannot receive a refund, carry balances over to pay
for next year’s expenses, or transfer money from one
account to another.
Y O U R M O N E Y Y O U R M O N E Y
Income Protection Benefits
Length of Service Short-Term Disability Benefits (as a percentage of base pay)
Days 1 through 90 Days 91 through 180
Six months or less* 80% 60%
More than six months 100% 80%
*Days 1 – 5 charged to available leave
Providing protection from the unexpected for you
and your family is an important part of Freddie
Mac’s benefits. Freddie Mac provides short-term
disability (STD) and long-term disability (LTD) income
protection; life insurance; accidental death &
personal loss (AD&PL) insurance and business
travel accident (BTA) coverage.
Disability Coverage
For more information on disability coverage, refer to the LTD Summary Plan Description available on the Reference Library Tab on NetBenefits, the Flexible Benefits page on HomeFront, or the Total Rewards Web site. For information about disability coverage, refer to Corporate Policy 3-235, which is available on HomeFront.
Disability CoverageA disabling illness or injury can be financially
devastating. That’s why Freddie Mac provides you
with disability coverage to provide replacement
income if you are unable to work due to an eligible
non-work-related injury or illness.
Short-Term Disability (STD) CoverageSTD coverage protects your income for the first 180
days of disability, after you have been disabled for six
consecutive work days. There is no cost to you for
this coverage. If you are approved for STD coverage
and have completed the six-day waiting period, your
STD benefits are based on your length of service at
Freddie Mac and the length of time you are unable to
work because of your disability, as shown in
chart below.
Long-Term Disability (LTD) CoverageLTD coverage pays benefits if you are unable to
work due to an approved disability for more than
180 days. Freddie Mac provides you with core LTD
coverage at no cost to you. Core LTD coverage
provides benefits equal to 60 percent of your basic
monthly earnings, up to a maximum monthly benefit
of $20,000 less any offsetting income as described
in the LTD Summary Plan Description (SPD).
You may also elect to purchase an additional 10
percent of LTD coverage, bringing your total LTD
coverage to 70 percent of your basic monthly
earnings, up to a maximum monthly benefit of
$20,000, less any offsetting income as described
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Y O U R M O N E Y Y O U R M O N E Y
Damon’s storyDamon has been with Freddie Mac for 12 years and is married with two children. He has chosen to enroll his entire family in the Aetna Choice POS II plan, as well as the dental and vision plans. His cost per pay period for all of the above coverage is $165.37. Freddie Mac gives him $34.58 in FlexDollars per pay period, as well as $5 each for him and for his wife, who both completed their online Health Assessment, bringing his total per-pay-period premiums for health, vision, and dental coverage down to $125.79.
savings = $34.58 33
FlexDollars
Evidence of insurability (EOI, or proof of good
health) is not required for newly hired employees
if you elect Additional GTL when you first become
eligible. You must provide EOI if you wish to increase
your coverage amount during subsequent Annual
Enrollment periods. Increases due to a status
change are not subject to EOI. Any coverage above
$50,000 is taxable to you as imputed income.
Accidental Death & Personal Loss (AD & PL) Insurance
AD&PL insurance provides benefits in the event
that you die or become dismembered due to an
accident. You may use your FlexDollars to purchase
AD&PL coverage for one, two, three, or four times
your annual base pay, up to $1,000,000. Other
income, such as overtime, bonuses, commissions,
shift differentials, relocation reimbursements, or
special compensation is excluded when determining
your annual base pay. EOI is not required for
AD&PL coverage.
in the LTD SPD. You pay for the cost of your
additional LTD coverage on an after-tax basis.
The LTD Plan has limitations relating to a pre-existing
condition. This limitation applies to both the core and
additional LTD coverage. For additional information,
please refer to the LTD SPD.
Group Term Life (GTL) Insurance You are covered for core GTL insurance at one
times your annual base pay at no cost to you. Other
income, such as overtime, bonuses, commissions,
shift differentials, relocation reimbursement, or
special compensation is excluded when determining
your annual base pay.
With your FlexDollar allotment, you may purchase
additional coverage for one or two times your annual
base pay. When combined with your core coverage,
your total coverage equals two or three times your
annual base pay if you elect to purchase additional
coverage. The maximum coverage amount for your
core and additional GTL combined is $1,000,000.
Y O U R M O N E Y Y O U R M O N E Y
Life and AD&PL Coverage
For information on Life and AD&PL insurance coverage, refer to the Reference Library Tab on NetBenefits, or to the Summary Plan Description available on the Flexible Benefits page on HomeFront or the Total Rewards site.
Aetna’s Group Universal Life (GUL) Insurance ProgramDepending on your personal situation, you may
decide that you need additional life insurance
protection, or you may wish to elect coverage for
your eligible family members through the Aetna
Group Universal Life (GUL) Insurance Program.
Aetna offers the GUL program to Freddie Mac
employees; this program is not sponsored by
Freddie Mac. For more information, see the
program description on the Reference Library
Tab on the NetBenefits, HomeFront, or Total
Rewards Web sites. With GUL coverage, you
may choose between:
n Term life insurance, which enables you to
purchase additional life insurance protection on an
after-tax basis at affordable group rates for yourself
and/or your eligible family members.
n Universal life insurance, which enables you
to combine the after-tax purchase of affordable
term life insurance protection with a special tax-
advantaged Cash Accumulation Fund (CAF) for
you and/or your spouse. With the CAF, you can
make contributions in addition to the monthly
premium for the term life insurance coverage.
You may take loans or make withdrawals from your
CAF or use these funds to make future premium
payments. The Internal Revenue Service (IRS) limits
the amount you can contribute.
You may elect GUL coverage for:
n Yourself, for one to five times your annual base
salary, up to a maximum of $750,000.
n For your spouse under age 65, in increments
of $10,000, up to a maximum of $50,000.
For amounts above $30,000, or if coverage is
increased during Annual Enrollment, your spouse
must complete an EOI form, which you can find on
NetBenefits, or on the Flexible Benefits page on
HomeFront.
n For your children, $10,000 of coverage for each
child. Your cost remains the same, regardless
of how many children you cover. (You and/or
your spouse must participate in GUL in order to
purchase coverage for your children). You pay for
the cost of any GUL coverage you elect through
convenient after-tax payroll deductions.
EOI is required as follows:
New Hires
n If you elect coverage greater than $200,000
for yourself.
n If you elect coverage greater than $30,000 for
your spouse.
Annual Enrollment or Status Changes
n If you elect coverage for the first time or increase
current coverage for yourself.
n If you elect coverage for the first time or increase
current coverage for your spouse.
The EOI form is available on the NetBenefits site. You
may also be required to complete a physical exam.
Cross coverage is NOT PERMITTED under the plan.
If you and your spouse both work at Freddie Mac
(or if your spouse formerly worked at Freddie Mac
34
Y O U R M O N E Y Y O U R M O N E Y
35
and continued his/her coverage directly with Aetna
and is paying Aetna directly for that coverage), you
may not enroll your spouse in spouse-life coverage
under your plan if your spouse has coverage or is
electing the employee life coverage for him/herself
under his/her plan. If you decide you want to enroll
your spouse in the spouse-life coverage under your
plan, your spouse may not have the employee life
coverage for him/herself. For child-life coverage, only
one of you may elect the child-life benefit.
For Texas residents only: Your spouse and child
coverage may not exceed more than 100 percent of
the amount of your GUL coverage. Spouse coverage
is limited to the plan maximum of $50,000. Child
coverage is limited to a maximum of $10,000; also, if
you do not elect coverage for yourself, you may not
elect spouse or child coverage.
Business Travel Accident (BTA) Insurance Freddie Mac’s BTA insurance provides
employee-only coverage for accidental death
or dismemberment while traveling on company
business. Benefits you may receive under this Plan
are in addition to any benefits received from Freddie
Mac’s GTL, AD&PL, or Aetna’s GUL Insurance Plan.
Freddie Mac pays the full cost of this coverage.
Beneficiary Information
When you become eligible for Life, AD&PL, and
BTA Insurance, and for the Thrift/401(k) Savings
and Pension benefits, you will need to designate
a beneficiary(ies), the person or persons who will
receive benefits in the event of your death. You may
name, add, or change your beneficiary(ies) at any
time. To do so, complete and return a beneficiary
form to the address on the form. Forms are available
on the NetBenefits, HomeFront, and Total Rewards
Web sites.
Customer Service Link
The Customer Service Link is an online NetBenefits tool with several features to address your health and insurance questions. “Commonly Asked Questions” includes approximately 90 of the most frequently asked questions and their answers.
The “Service Request” feature allows you to submit an online request for certain services. You will find a service representative’s response to your request in the Meeting Center. “Technical Help” provides answers to questions related to using the Web. To access customer service, click the link at the top of the “Health & Insurance” Tab.
Y O U R M O N E Y Y O U R M O N E Y
Freddie Mac believes that time off is important to employees’ work-life balance. On average, companies provide full-time employees who have one year of service with 10 days of leave (non-sick-related personal time off) per year. At Freddie Mac, our generous leave program provides such employees with 10 core vacation days and four discretionary holidays (in addition to seven scheduled federal holidays). To further enhance work-life balance, employees with at least one year of service have the option to purchase up to 15 additional vacation days — for a total of 25 days of vacation leave.
Your Time
36
Y O U R M O N E Y Y O U R M O N E Y
Time Away From Work
37
Freddie Mac has a wide range of paid time-off
programs. The following is a brief explanation
of these programs. For more information about
vacation, holidays, and sick leave, please see
the policies on HomeFront.
Vacation TimeIn your first calendar year of employment, you accrue
10 days of vacation (15 days if you are a mid-career
hire). Both rates are prorated based on your date
of hire. In subsequent years, you receive enough
FlexDollars to buy the vacation days for which you
are eligible, based on your years of service and
mid-career hire status. If you wish to have more
than the 10 core days of vacation time, you must
elect the additional days during Annual Enrollment.
There are minimum usage, maximum payout, and
carryover rules for most employees, so you should
plan carefully. Also, please refer to Corporate Policy
No 3-233, located on HomeFront.
Mid-Career Hires Vacation
Mid-career hires or employees with three or more years of continuous service receive enough FlexDollars to purchase five days above the core vacation they want to take.
Core Vacation Time
Eligible full-time employees receive 10 core vacation
days each calendar year. Part-time employees who
are regularly scheduled to work at least 20 hours per
week receive prorated vacation time based on their
service and work schedule.
Additional Vacation Time
Beginning in the second calendar year, all eligible
full-time employees may use FlexDollars to purchase
additional vacation time in increments of one day.
The number of FlexDollars allocated to you for
purchasing additional days of vacation depends
on your years of service and your scheduled hours.
Y O U R T I M E Y O U R T I M E
Paid VacationIn your first calendar year as a Freddie Mac employee, you accrue 10 days (or 15 days if you’re a mid-career hire) of vacation —prorated based on your hire date — and up to four discretionary holidays. Eligible employees may elect to purchase additional days of vacation per year beginning with their second calendar year of employment.
HolidaysFreddie Mac observes seven scheduled federal
holidays and four discretionary holidays each year.
If you are hired in the first quarter, you will receive
all four discretionary holidays. If you are hired in the
second quarter, you will receive three discretionary
holidays. If you are hired in the third quarter, you will
receive two discretionary holidays. If you are hired in
the fourth quarter, you will receive one discretionary
holiday. If you wish to observe a holiday that is
not on the company’s schedule, you may use a
discretionary holiday or your vacation time, with your
supervisor’s approval. Discretionary holidays do not
carryover to the new year.
Sick LeaveFull-time employees receive eight days of sick leave
per calendar year. Carried-over sick leave is capped
at 12 days for a maximum of 20 sick days. Part-
time employees receive five days of sick leave per
calendar year and may carryover a prorated amount
of days based on hours regularly scheduled to work.
You may use up to four days of sick leave per year
in the event of an illness in your immediate family.
Mid-career hires
If you are a mid-career hire, you will accrue vacation at the prorated rate of 15 days in your first calendar year of employment. In your second calendar year of employment, you will accrue 10 days of vacation and receive the appropriate amount of FlexDollars to purchase five additional days of vacation. If you wish to have those additional five days, you MUST elect to purchase them during Annual Enrollment.
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Y O U R T I M E Y O U R T I M E
Family Medical LeaveThe Family Medical Leave Act (FMLA) permits eligible
employees to use up to 12 weeks of unpaid leave
upon the occurrence of an employee’s serious health
condition or to care for an eligible family member.
Short-Term Disability LeaveSTD coverage provides benefits when you need
to be absent from work for a period of six or more
consecutive work days and up to 180 calendar days
if the absence is related to an employee’s illness
or injury and is approved by the Wellness Center.
STD benefits are paid to you the same as your
regular pay, with applicable taxes and regular payroll
deductions withheld.
Adoption LeaveEligible employees can take up to 30 business days
of paid leave to care for a newly adopted child.
Paid adoption leave can be taken in whole-day
increments either consecutively or intermittently,
but all such paid leave must be taken within 12
weeks from the date the adoption is finalized or
the placement for adoption, whichever occurs first.
To be eligible for adoption leave, an employee must
be the adopted child’s primary caregiver during the
leave period.
Jury Duty LeaveProvides employees leave for jury duty or to comply
with a subpoena or court order. Should you be
asked to serve on jury duty, you should notify your
supervisor so arrangements may be made for
your absence.
Bereavement LeaveFreddie Mac will provide up to three days of paid
leave when someone in your immediate family or
someone who lives in your household dies.
Military LeaveFreddie Mac employees are entitled to take leave
from their Freddie Mac employment to serve in the
Uniformed Services consistent with the requirements
of the Uniformed Services Employment and
Reemployment Rights Act. The continuation of
benefits during leave and the right to be re-employed
upon completion of such leave depend on a number
of circumstances, including the duration of the
leave. Employees should consult with their Human
Resources business partners regarding these and
other issues involved with such leave.
39
Data show that most of us spend more
than 20 minutes waiting in a doctor’s
office for a scheduled visit. But this isn’t
your only option. Feel sick during the
workday? Need an allergy shot? Visit
Freddie Mac’s on-site Wellness Center,
and reclaim your precious time.
Your Life
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Work/Life
41
Whether it’s a desire to own your first home, further
your formal education, the need to take care of
an elderly parent, or a personal problem for which
you require assistance, we all face the challenge
of balancing our professional and personal lives.
To help you manage life’s demands, Freddie Mac
offers a variety of work/life programs and benefits.
In addition to the brief summary that follows, visit
HomeFront for more information.
Home Benefit ProgramThrough the Home Benefit Program, Freddie Mac
employees who are first-time homebuyers and meet
certain eligibility criteria can receive up to $12,000 to
cover down payment and eligible closing costs, such
as loan origination fees and discount points.
The Home Benefit Program also provides employees
with important educational information about home-
buying and homeownership.
For more information about this program, including
eligibility requirements, please read the Program
Summary and Frequently Asked Questions located
on the Home Benefit Program site on HomeFront.
Freddie Mac Wellness CenterThe Freddie Mac Wellness Center is an on-site
health clinic staffed by dedicated health professionals
who provide urgent and preventive care services at
no cost to Freddie Mac regular full-time and part-
time* employees at Freddie Mac’s home office.
Services include:
n Preventive physical exams
n Immunizations (including flu shots and allergy
injections)
n Nutritional counseling
n Vision and hearing screenings
Y O U R L I F E Y O U R L I F E
42
n Laboratory testing (including thyroid function,
complete blood count, etc.)
n Skin checks and much more!
The Wellness Center is located at 8200 Jones
Branch Drive, McLean, VA 22102. You may contact
the Wellness Center at (703) 903-2844. For more
information about the Wellness Center, please go to
the Wellness Center site on HomeFront.
The Wellness Center should not be used in place of
your Primary Care Physician.
*Pursuant to Freddie Mac Corporate Policy No 3-221.
Employee Assistance ProgramWhile it’s easy to solve some personal problems on
your own, there may be times when professional
assistance can make a big difference. Our Employee
Assistance Program (EAP) is designed to provide
free, confidential assistance to you and your eligible
dependents during those times.
The EAP can help with a wide range of issues,
including marital or relationship problems, emotional
difficulties and stress, drug and alcohol dependency,
and family problems. You are encouraged to take
advantage of this program whenever you have a
problem that affects your home or work life. For
more information, you may call the EAP at (703)
903-2584 (in the mid-Atlantic area) or (800) 247-
3054; you may also read the program description
on HomeFront.
LifeWorks®
Staying on top of things during times of transition
can be difficult. Whether you’re dealing with getting
the kids back to school or a major life challenge,
LifeWorks® can help you and your family handle life’s
ups and downs. The LifeWorks program is a free,
confidential service that offers practical solutions,
online resources, one-on-one consultations, and
material on a variety of personal, family, and work
issues. LifeWorks can offer you a real person to talk
to when you need help; an answer to a question; or
a referral to a resource, service group, or support
group. Just call (888) 267-2183 to speak to a
consultant at any time, day or night. Online articles,
newsletters, LifeWorkshops, booklets, audio
recordings, and more are also available by visiting
the LifeWorks Web site at www.lifeworks.com. Just
enter your LifeWorks user ID (freddiemac) and your
password (2420).
Back-Up Child/Elder Care Back-Up Child/Elder Care may be available
whenever your regular childcare arrangements are
unavailable or you need back-up help in caring for
an elderly loved one.
You can use the back-up center:
n If your regular provider is ill or on holiday
n To support flexible work arrangements
n When schools are closed
The following are also available:
n In-home back-up child care
n In-home back-up care for mildly ill children
n In-home back-up care for adult/elder care
You can use this benefit up to 20 days per year;
however, you cannot use it for more than five
consecutive days without special authorization.
Users of these services pay $15 per visit; Freddie
Mac subsidizes the majority of the cost.
Y O U R L I F E Y O U R L I F E
Homebuyer Benefit ProgramEligible employees may receive a benefit amount of up to $12,000. Eligible employees are those who have at least one year of service; work 20 or more hours a week; are in good standing; whose annual salary is $85,000 or less; and who have participated in a Freddie Mac-sponsored homeownership education class. Education topics include choosing a mortgage lender, establishing and maintaining good credit, and much more.
43
For more information about this program, including
eligibility requirements and enrollment procedures,
please visit the Back-up Child/Elder Care site on
HomeFront.
Lactation ProgramThe Freddie Mac Work Site Lactation Program
provides support to female employees who want
to work and maintain a successful breastfeeding
relationship with their children. The program includes
these main components:
n Prenatal breastfeeding (including discounts on
breast pumps
n Telephone support following the birth of a child
n Return-to-Work consultation
n Lactation rooms located throughout Freddie Mac
offices
For more information about this program, including
eligibility requirements, please read the Program
Summary located on HomeFront.
Adoption Expense Reimbursement ProgramFreddie Mac provides financial assistance to eligible
employees who adopt a child. The child you adopt
must be a formerly unrelated child under age 18 and
cannot be a stepchild or other family member.
Upon completion of the legal adoption process,
you may apply for reimbursement for certain eligible
expenses, including:
n Adoption agency fees
n Court and legal fees
n Medical exam expenses not covered by your
health insurance plan, if required as part of the
adoption process
n Travel required to transport the child and an escort
to your home, or the cost for you and your spouse
to pick up the child, if necessary
The maximum amount for which you may be
reimbursed is based on the cost for a normal
Y O U R L I F E Y O U R L I F E
childbirth during the year in which the adoption
becomes final. If the adoption is finalized before you
complete one year of employment, you must satisfy
the one-year service requirement before requesting
reimbursement. Adoptions that were finalized prior to
your date of hire are excluded.
For more information about this program, contact
the Freddie Mac Benefits Center at (800) 431-
2363 and/or see the program description on the
NetBenefits, HomeFront, or Total Rewards Web sites.
For information on adoption leave, see page 39.
Long-Term CareFreddie Mac offers a group, employee-paid Long
Term Care (LTC) insurance plan underwritten by
John Hancock Life Insurance to help fill the gap
where Medical plans and government programs do
not provide coverage for extended care. Participants
will be able to take advantage of Freddie Mac’s
discounted group plan rather than securing a plan
individually.
All eligible employees may apply for LTC insurance,
as well as their spouses, same-sex domestic
partners, parents, parents-in-law, grandparents,
and grandparents-in-law.
Additionally, Freddie Mac retirees and their spouses
can apply, and all eligible family members can apply
whether or not the employee or retiree applies.
For more information about the LTC insurance Plan,
see the Long-Term Care site on HomeFront or call
the John Hancock Customer Service Center at (800)
222-8868.
Educational Assistance ProgramTo support you in continuing your formal education,
Freddie Mac offers reimbursement for accredited
college, university, or certification courses that
will enhance your skills in your present position or
prepare you for a realistic future assignment with
Freddie Mac.
Educational Assistance Program — Monica’s storyMonica joined Freddie Mac as a full-time employee in January 2010. In April, she decided she’d like to go to school at night for an accounting degree but thought she couldn’t afford it. Then, Monica learned she was eligible for the company’s Educational Assistance Program, which would reimburse her up to $5,250 annually for eligible expenses. Monica applied and was accepted to Georgetown University and was able to sucessfully utilize the education reimbursement program with her manager’s approval.
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Y O U R L I F E Y O U R L I F E
You may be reimbursed up to $5,250 per year
(prorated if you are a part-time employee working
fewer than 38.75 hours per week) for eligible
expenses, including:
n Registration fees
n Required textbooks
n Tuition
n Lab fees
n Courses leading to a certification
n Certification exam fees
All reimbursements are based on the grade you
receive (no reimbursement is available for grades
below a C or for certificate programs):
n Undergraduate programs: 100 percent for a
C or better
n Graduate programs: 100 percent for a B or better;
50 percent for a C.
For more information about the program, including
tax implications, review the summary that is located
on the NetBenefits, HomeFront, or Total Rewards
Web sites, or contact the Freddie Mac Benefits
Center at (800) 431-2363 to speak to
a representative.
Transportation BenefitThrough the WageWorks® Commuter Benefits
Program, employees who take public transportation
to work, ride in a vanpool, or park near public
transportation can use pre-tax dollars to purchase
transit passes each month and receive free home
delivery of monthly passes and vouchers. For more
information about this program, please visit the
WageWorks Commuter Benefits Program site
on HomeFront.
Concierge ServicesThe Freddie Mac Concierge Services are provided
as a benefit to employees and members of their
households, and there is no cost for accessing
and using the service’s basic research and
recommendations. If you need to have your house
cleaned, your car detailed, or need to find premium
tickets for hit shows, concerts or sporting events,
contact the Concierge Service via HomeFront. The
password is “Freddie.”
Fitness Center and Regional Health Club ReimbursementThe home office fitness center facilities are
convenient for most Northern Virginia employees
to use. For employees who work outside of our
Northern Virginia offices and work more than 20
hours a week, Freddie Mac offers reimbursement for
health club membership dues of up to $250 per year.
This program is not restricted; it allows you to join
the health club of your choice. For more information,
go to the benefits page on HomeFront.
Healthy Lifestyles Tools
In addition to offering a range of Medical plan options, Freddie Mac provides you with health and wellness programs and resources, such as the Wellness Center and the regional health club reimbursement, to help you lead a healthier life.
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I N C L O S I N G I N C L O S I N G
48
Throughout this brochure, we’ve overviewed a range of benefits available to employees. At Freddie Mac, we respect your goals to protect and enhance your personal and professional life, your health, your money, and your time. We’re striving to be an employer that helps you meet these goals.
Flexibility is vital as you juggle multiple demands and responsibilities, and your benefits needs shift over time. The following contains important additional information about making changes to benefits for which you enroll, and amenities that improve the quality of your life.
In Closing
46
I N C L O S I N G I N C L O S I N G
49
Making Changes to Your CoverageOnce you have enrolled in your flexible benefits, your
elections remain in effect through Dec. 31 of the
applicable plan year (Jan. 1–Dec. 31). You may
re-enroll or make changes to your benefits only:
n During Annual Enrollment
n If you experience a status change
n If you qualify for a special enrollment period as
described in the applicable Freddie Mac Summary
Plan Descriptions
Annual EnrollmentFrom time to time, your benefit needs may change.
That’s why, in addition to enrolling when you first
become eligible, you have the opportunity to make
certain changes to your benefits near the end of
each year during Annual Enrollment.
During Annual Enrollment, you may choose to make
no changes to your current benefit elections or to
make new benefit elections for the upcoming plan
year. If you decide to make new elections, you may
also change your coverage level for those programs
that allow you to cover eligible family members.
The benefits you choose during Annual Enrollment
are effective for the next full plan year (Jan. 1 through
Dec. 31), unless you experience a status change.
If, after reviewing your current elections, you wish
to make no changes for the next year, no action is
necessary. Your current elections (including Vacation
Purchase and Flexible Spending Accounts) will
automatically continue into the next plan year at the
next year’s contribution rates, as applicable. It is your
responsibility to review and update, as necessary,
your elections each year during Annual Enrollment.
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I N C L O S I N G I N C L O S I N G
Status ChangesOutside of Annual Enrollment, you may only change
your benefit elections or covered family members if
you experience a status change. These events vary
from plan to plan and are detailed in the SPDs. They
may include:
n A change in your legal marital status (marriage,
divorce, death of a spouse, legal separation,
annulment)
n If your spouse’s Annual Enrollment period differs
from Freddie Mac’s Annual Enrollment
n The commencement of or return from a long-term
unpaid leave of absence
n A change in your dependent’s eligibility (change
in age or change in student status)
n A change in domestic partner status (gain or loss)
n A change in the number of your eligible
dependents (birth, death, adoption, placement
for adoption)
n A change in employment status (termination
or commencement of your employment, your
spouse’s employment, or your dependent’s
employment)
n A change in dependent care
If you need to make a change to your benefit
elections as a result of a status change, log on to
http://netbenefits fidelity com, or call the Freddie
Mac Benefits Center at (800) 431-2363. You must
make any changes to your elections within 30
days of the event, and any election change you
make must be consistent with the nature of the
status change. For example, if you currently have
Participant Plus One coverage and you would like
Family coverage because of the birth of a child,
you must add the new dependent by going online
to http://netbenefits fidelity.com or by calling the
Freddie Mac Benefits Center at 1-800-431-2363
within 30 days of the event. Calling your carrier does
not satisfy this requirement.
After the 30-day deadline, requests for election
changes will not be considered “on account of” the
event and will be denied. If you miss the 30-day
deadline, you will not be allowed to make the change
until the next Annual Enrollment. Any corresponding
change in the amount you contribute toward the
cost of coverage (for example, from Participant Only
to Family coverage) becomes effective as soon
as administratively possible, and your contribution
will be adjusted in the next available pay cycle.
Such contribution changes are typically reflected
in your pay advice in approximately one or two
payroll cycles. No retroactive contributions or pay
adjustments or retroactive changes to FlexDollars
will be made under any circumstances. If, as a result
of the status change, you are required to provide
evidence of insurability (EOI) — or proof of good
health — the change becomes effective on the date
your coverage is approved.
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I N C L O S I N G I N C L O S I N G
AppealsOnce you enroll or are assigned default benefits for
a particular year, your benefits elections stay in effect
for the duration of the plan year. Compliance with
this IRS requirement helps ensure that the pre-tax
dollars you use to buy cafeteria plan benefits remain
nontaxable. If you believe you have been adversely
affected by a decision of Freddie Mac concerning
your flexible benefits enrollment, you can request a
review of the decision by the Freddie Mac Flexible
Benefits Plan Appeals Committee. The Committee’s
sole purpose is to review appeals concerning
enrollment, and to evaluate such appeals in the
context of the status changes discussed earlier in
this brochure. This request must be made within
30 days of Freddie Mac’s decision concerning your
enrollment, or you will lose your right to appeal.
You must make the request in writing. The request
49
This booklet provides very general information about numerous Freddie Mac plans, programs, policies, and procedures. For more detailed information, including (but not limited to) information about limitations, enrollment, waiting period and eligibility, you should refer directly to those plans, programs, policies, and procedures (the “documents”). In the event of a conflict between this booklet and those documents, those documents will control. This booklet is not, nor is it intended to be, a Summary Plan Description (SPD). SPDs for certain benefit plans can be found on HomeFront or under the Reference Library tab on NetBenefits. The language used in this booklet is not intended to create, should not be construed to create, and shall not be deemed to constitute, a contract between Freddie Mac, and/or any one of Freddie Mac’s employees, former employees, or any person who may be rendering services to Freddie Mac at any time (including, but not limited to, individuals classified or treated as independent contractors and/or employment service temporaries).Freddie Mac reserves the right to amend, suspend, terminate, or modify any of the underlying plans, programs, policies, and procedures described in this booklet, the documents relating thereto, or this booklet itself, at any time.
must also contain all information, issues, and other
documentation needed to support your position.
You may mail your appeal to the Benefits electronic
mailbox ([email protected]) or send it via
U.S. mail to the following address:
Freddie Mac Appeals Committee, MS A33 8250 Jones Branch Drive McLean, VA 22102
The Appeals Committee will review and decide on
your appeal normally within 30 days of the date you
submit your appeal. If additional time is required,
you will be notified of the delay.
I N C L O S I N G
50
In Addition ...
Your Healthn Wellness seminars
Your Moneyn ATM machines
n Company-matched charitable contributions
n Employee Mortgage Service
n Employee Referral Awards
Your Timen Home Closing Time-Off benefit
n Volunteer Program
Your Lifen Business casual dress
n Dry cleaning services
n Food-to-go
n Free or paid parking
n Library
n Mail services
n Service awards
n Employee Network Groups
n Training and career development
We’re delighted to provide
you with the excellent benefits
package outlined in this
booklet. It’s also our pleasure
to provide you with additional
offerings that enhance your
health, your money, your time,
and your life. You don’t have
to enroll ... For the company’s
employees, they’re part of the
territory. Take a look at the
information [at right], and see
the possibilities.
On a busy day, you can grab dinner to go and
don’t have to stop on the way home to pick up
your dry cleaning or mail a package. You can make
contacts and give and receive support as part of
an Employee Network Group. You can explore
company-sponsored training and professional
development that prepare you to contribute fully and
take advantage of growth opportunities. You can
give back to the community by taking advantage
of our volunteer program and matching charitable
contributions.
Freddie Mac is glad to have you as part of the team. We’re proud of our mission to make home possible for millions of America’s families; our inclusive culture and our commitment to diversity; and our employees’ talent and dedication. Welcome!