2025 Open Enrollment Presentation

The information within this presentation serves as a Summary of Material Modifications (“SMM”) to the Summary Plan Description (“SPD”) dated January 1, 2024.

Review and submit your elections through the Cummins Health Benefits Service Center.

OPEN ENROLLMENT DATES: October 25th through November 8th!

You’ll use the Cummins Health Benefits Service Centerto make your enrollment elections. The system will guide you through a seamless process as you select your benefits and complete related steps.
If you need help making elections or choosing coverage, call the Service Center at 1-877-377-4357 and choose option 1 followed by option 2; Monday – Friday, 8 a.m. – 8 p.m. ET. With more representatives, you’ll receive quick service for your enrollment needs.
New resource for enrollment to help simply your medical plan selection
- Consider your health care needs for next year and take advantage of the new personalized decision-support tool to help you choose your plan.

Don’t miss the deadline!

To ensure you have the coverage to meet your needs in 2025, take an active role and choose your benefits by Nov. 8.

Take note: You must enroll to ensure you have the Cummins medical coverage that’s best for you in 2025.

In December, you’ll receive a confirmation of benefits statement in the mail summarizing your 2025 elections.

IMPORTANT: Review the statement carefully and make sure you are showing the covered dependents and plan elections you selected. If you find your selections are incorrect or you want to make changes, please reach out to the OCU Board immediately!!!! 812-377-6981

Remember, Health Savings Accounts (HSA) and Flexible Savings Account (FSA) contribution elections do not carry over. Both health and dependent care FSAs require an active election each year.

This year, Open Enrollment is different with important updates to consider.

Updated Medical Plan Choices and Medical Premium Contribution Based on Pay

2025 brings an updated lineup of medical plans. You’ll continue to have three plans to consider: The PPO Plan, HSA Plan and HSA Plus Plan.

With two redesigned Health Savings Account (HSA) Plans, the HSA Plan and HSA Plus Plan, there is now a larger range between plan deductibles (the amount you pay before coverage kicks in) and the limits on your out-of-pocket maximums will no longer vary based on your annual pay.

The HSA Plus Plan is the only option that includes a Cummins contribution to your HSA to help boost your savings.

Medical employee contributions based on annual pay

Your 2025 employee contributions will depend on your annual pay. This makes what you pay for medical more in line with your income. It is a more equitable and fair approach because it considers the different financial circumstances faced by employees at various pay levels.

What this means for you

Your specific employee contributions will depend on your pay (if you make less, you’ll pay less), the plan you choose and who you cover. With the redesigned medical plans providing more flexibility to choose what best fits your budget, many could see a decrease compared to what they pay today depending on their coverage choices.

Key Things to Know

NEW Limited Purpose Health Care FSA

This year, Cummins is offering the new Limited Purpose Health Care FSA that’s available if you enroll in the HSA Plan or HSA Plus Plan medical coverage.

Meet your tax-savings match: HSA and Limited Purpose Health Care FSA

Pairing your HSA with contributions to the Limited Purpose Health Care FSA is another way to make the most of your money and maximize your tax-free savings. Quick tips to keep in mind:

Use the Limited Purpose Health Care FSA to pay tax-free for eligible dental and vision expenses.
Estimate your expected expenses for 2025 when you enroll.
Plan carefully as this account has a “use it or lose it” rule. You will forfeit any unused funds at the end of the plan year.
Your contributions don’t count towards HSA contribution limits for the year.
Focus your HSA on other health care needs now and in the future.
Keep more of your money in your HSA where it can grow tax-free for future health expenses by using the Limited Purpose Health Care FSA to cover more immediate dental and vision expenses.

More tax savings with increased HSA contribution limits

For 2025, you’ll be able to contribute more to your HSA if you enroll in the HSA or HSA Plus Plan and meet all eligibility requirements. IRS limits will increase to:

$4,300 if you enroll in individual coverage
$8,550 if you enroll in family coverage

Plus, you can contribute an additional $1,000 “catch-up” contribution if you’ll be age 55 or older in 2025.

Remember: Both the contributions you receive from Cummins and your own contributions count toward these limits.

Compare Savings Accounts

Virta Reverse Diabetes

Access to information, skills and resources to help manage Prediabetes, Type 1 and Type 2.
Virta Type 2 Diabetes Reversal Program that aims to help individuals manage and possibly reverse their diabetes

Virtual Second Opinion Flier

Anthem VSO will be the new provider for the medical second opinion program

Supplemental medical benefit: Accident Insurance

When you enroll this year, you’ll have the opportunity to elect Accident Insurance through Voya. Accident Insurance can help you offset the costs associated with a covered accident. It provides fixed benefits for events tied to an on or off the job accident. The benefits can be used for any purpose you choose; including things like, health insurance deductibles, copays, child care or home health care. Review the Accident Insurance Brochure for more details.

Supplemental medical benefit: Critical Illness Insurance

With Critical Illness Insurance through Voya, you can receive a lump‑sum benefit payment if you are diagnosed with a covered illness under the policy, such as a heart attack, cancer, stroke and more. Payment is made directly to you and you can use it however you like. See the Critical Illness Insurance Brochure for more details.

Supplemental medical benefit: Hospital Indemnity Insurance

This year, you can choose to elect Hospital Indemnity Insurance through Voya to help protect yourself and your family in case of a hospital stay. Hospital Indemnity Insurance can help safeguard your finances by providing you with a payment when you or your family needs it most.

A flat amount is usually paid to you for an eligible hospital admission and a per‑day amount for your entire hospital stay. The payment is made directly to you and is in addition to any other insurance you may have. Plus, you can use the payment as you choose: you can offset copays and other charges from your hospital stay, or cover everyday expenses like groceries, childcare or utilities.

See the Hospital Indemnity Insurance Brochure for more details.

Need a little extra help with your medical plan choice?

Choosing your medical plan

Features important to you— Think about your preferences and what each plan has to offer. For example, are you interested in saving for future health care expenses tax free?
Your coverage needs— Consider how much medical care you typically use each year. Do you mostly just get preventive care (like annual physicals and screenings) or do you typically find yourself in the doctor’s office quite a few times a year, seeing specialists and/or managing a condition?
Your costs and budget— Don’t just focus on the employee contributions. Factor in all your costs, including what you might pay as you receive care throughout the year. Also consider how you prefer to pay (more upfront through higher employee contributions or more as you go if you need care) — and remember to think through the potential of an unexpected health care expense.

If you prefer lower contributions with higher out-of-pocket costs, consider the HSA Plan (HSA 5000).

If you prefer a mid-range option for contributions and out-of-pocket costs, the HSA Plus Plan (HSA 2250) may be right for you. And, with the HSA Plus Plan, Cummins will contribute into your HSA to help boost your savings.

If you’d rather pay higher employee contributions and lower out-of-pocket costs at time of service, look into the PPO Plan to see if it’s the best fit for you.