2016 Benefits Enrollment November 2015. Copyright © 2015 BorgWarner Inc. 22 Nov. 16 - Dec. 5 It’s Here! 2016 Open Enrollment Elections/changes are effective

2016 Benefits Enrollment

November 2015

Copyright © 2015 BorgWarner Inc. 22

Nov. 16 - Dec. 5

It’s Here! 2016 Open Enrollment

Elections/changes are effective Jan. 1, 2016 - Dec. 31, 2016

unless you have a qualifying life event


Do You Know the Value of Your Benefits?

BorgWarner employees pay a significantly lower share of total healthcare claims costs compared to the amount paid by

employees of our industry peers.

2016 Estimates


BorgWarner Benefits Overview


New for 2016: Spouse HRQ

Who: All spouses who are enrolling under the medical plan

What: Must complete the Cigna Online Health Assessment (HRQ) to waive a spouse premium surcharge of $100 per month The surcharge is in addition to whatever point-based

premium you earn When: By Nov. 30, 2015, or a $100

monthly surcharge will be deducted from your paycheck

Look for instructions in your enrollment packet

www.mycigna.com


New for 2016: Medical Out-of-Pocket Maximum

Improved Out-of-Pocket Coverage:


New for 2016: Walgreens No Longer In-Network

Walgreen’s is no longer considered an in-network pharmacy• Prices are consistently higher than most other pharmacies

If you have Walgreens prescriptions, transfer them by January 1 to ensure continued coverage• For a complete list of network pharmacies, please visit:

www.cigna.com/pharmacy-network-2.


New for 2016: Increased Rx Out-of-Pocket Maximum


New for 2016: Dental Enhancements

New implant coverage: 50% after you satisfy the deductible, up to $1,500.

New rewards program allowing you to grow your maximum benefit limit:

2016 2017 2018

(+) $100 (+) $100 (+) $100

Maximum $1,500

Maximum $1,600

Maximum $1,700

Preventive dental care =

$100 increase

Example: Individual coverage


New for 2016: Increased FSA Contribution Limit

Increasing by $50 ― $2,550 maximum per individual per year

Reminder: You can rollover up to $500 of your unused funds• Funds over $500 will be forfeited• The rollover is added to your annual

contribution for the following year• Doesn’t effect your contribution

maximum All expenses must be incurred

by 12/31/16


Reminder for Life Insurance

Be sure to go directly to MetLife’s website to: Make Life and Optional Life coverage elections Designate/change a beneficiary

These elections are NOT made through Workday®

www.metlife.com/mybenefits


Don’t Miss Out: Upgrade Your LTD

30% of people in the U.S. become disabled before age 65Deaths in U.S. have decreased, but disabilities are up 70%


BorgWarner Wellness Overview


Earn at least 5 Points by 10/31/16 for the lowest cost premium for 2017!

Premium Points for 2016/2017


2016 Medical Contribution Costs

No changes to dental


Health Assessment (HRQ) Completion Rules

Situation Deadline: Impact:Current employee hired BEFORE 1/1/16 NEW to medical plan - Or - Spouse is NEW to the medical plan:

• You & spouse should complete the HRQ by February 28, 2016.

• Otherwise, you’ll pay…o Basic: Regular 20% premium rate o Buy-Up Plan: Regular 25% rateo Spousal Surcharge will be applied

• Begin participation in the Shift into Better Health Premium Incentives to earn discount points toward 2017 premiums.

HRQ completion is required to earn Coaching program rewards

If you (and/or your spouse) are not enrolled in one of our health plans currently in 2015 but you (and/or your spouse) will be enrolling effective Jan 1, 2016:


2016 Vision Contribution Costs

cost for Family

cost for Employee Only and Employee + 1


Enrolling Online

Everyone MUST Go ONLINE and Do One of the Following: Elect to keep coverage the same as 2015 Change coverage Elect to “Waive Coverage”

OR …Contact HR Link

for questions about dependent eligibility

[email protected]


www.borgwarner.com/benefits

Supporting Your Enrollment

[email protected]


Any Questions?


Thank You For Your Attention

Fuel Economy Emissions Performance

Our Vision A Clean, Energy-Efficient World

Our Mission Deliver Innovative Powertrain Solutions that Improve

Fuel Economy, Emissions & Performance


Recap: RSP Auto Increase Service

Who? Anyone who makes less than $115,000 in base pay + bonus and is contributing 1% – 9% to their Savings Before Tax account

What? Service will automatically increase your Savings Before Tax contribution by 1%

When? Annually, each April 1 How? Automatic increases will stop when your contribution

reaches 10%• You may change your auto-increase elections (up to 28%) or opt out

of auto increase at any time by contacting T. Rowe Price Why? Advantages:

Reduce your current taxable income Compounding can help your savings grow over time


Additional detailed slides you can use

Appendix


Health Care FSA Timeline for 2017

Note: all expenses must be incurred by December 31, /2016 2016 claims must be submitted to Cigna by March 31, 2017


Don’t Miss Out: Upgrade Your LTD


Reminder: Working Spouse Rule

Working spouse is required to enroll in the medical coverage offered through their employer in order to be added to a BW plan

Here’s How It Works If your spouse is eligible for, but does not to enroll in, their own

employer’s group plan, they WILL NOT be eligible for BW coverage

If your spouse is enrolled in their employer’s plan, you may add them as a dependent to BW plan, but the BW plan will pay secondary coverage ONLY

If you enroll in both plans, benefits under each plan are coordinated. The total reimbursement from both plans cannot be more than the allowable benefit under the BW plan

Documents

2016 Benefits Enrollment November 2015. Copyright © 2015 BorgWarner Inc. 22 Nov. 16 - Dec. 5 It’s Here! 2016 Open Enrollment Elections/changes are effective