Annual Benefits Enrollment

Due to ongoing increases in healthcare costs, medical plan contributions will also increase — however, we are pleased to share that we have maintained the same high-quality, comprehensive benefit plan designs you value. These contribution adjustments help support the ongoing sustainability of our plans, ensuring they continue to provide strong coverage for you and your family. The specific increase will vary based on your chosen plan, your base salary, and whom you choose to cover.

Your medical plan options and how they cover care remain the same as they are in 2026. Keep in mind that AXA XL continues to contribute to covering the cost of care when you enroll in an HSA plan: $500 (individual coverage) or $1,000 (if you cover dependents) to your HSA in 2027.

Now is a great opportunity to take a fresh look at your healthcare needs and choose the coverage that makes the most sense for you and your family. Be sure to review our plan options and carefully consider who you may want to cover on the plan. Remember, all of our medical plans cover the same services, they all have the same provider choices, and they all offer free in-network preventive care.

Dental
Our two dental plan options remain comprehensive, with the same plan design for 2027. Contribution increases vary by plan and coverage tier. As you’re thinking about your dental needs for 2027, you may explore both plan options and consider the following to determine which dental plan option is right for you.

• You may consider the Basic Plan if you expect you and your family to only need preventive and lower-cost services, such as regular oral examinations and cavity fillings, in a given year.
• Or you might consider choosing the Premium Plan if you or someone in your family needs orthodontia, or if you expect you and your family’s dental needs to involve high-cost services such as implants.

Vision
For 2027 you will continue to have the choice between two MetLife VSP vision plan options to help pay for well vision care, including exams, lenses, frames, and contact lenses. The cost for coverage will remain the same as it is today.

You may want to consider the following as you determine which vision plan might be right for you.

• You may consider the Basic Plan if you prefer to wait a couple of years before changing your glasses and overall style, or if you or your family members prefer to wear monthly reusable contacts, which may be less expensive than daily contacts.
• Or you might choose the Premium Plan if you like to experiment with your look and prefer to change your frames more frequently or would like to obtain more expensive frames or contacts.

We regularly review our benefits to ensure we’re investing in the programs that provide the greatest value to our colleagues and align to market. As such, we’re changing the Company-provided Basic Life and AD&D benefit to equal 1.5x your annual base salary, from 3x your annual base salary currently.

We’ll continue to offer the same voluntary financial protection options through MetLife’s Group Variable Universal Life (GVUL) and Supplemental AD&D insurance offerings. These opportunities allow you to elect additional protection for yourself, and coverage options for your dependents as well.

With the update to the Basic Life and AD&D benefit, you have a special enrollment opportunity. During this Annual Benefits Enrollment, you may increase your supplemental employee GVUL insurance coverage up to 1.5x annual base salary guaranteed issue, not to exceed the Plan maximum of $3 million, without having to complete an Evidence of Insurability (EOI) form. Even if you may have been denied coverage in the past, you may elect additional coverage this year only. You will make the GVUL elections directly with MetLife on their platform at www.mybenefits.metlife.com as in the past.

We’re pleased to introduce Carrum — a new Centers of Excellence (COE) network that connects you to top-tier specialty providers for joint, spine, bariatric, cancer and specialty procedures if necessary. Please note: For musculoskeletal (such as joint and spine) and bariatric procedures, you and/or a covered family member must use the Carrum COE in order to receive coverage under an AXA XL medical plan. If you receive treatment at another facility for these specific procedures, it will not be covered under the AXA XL medical plan. For cancer treatment, use of the Carrum COE is preferred, but not mandatory.

For 2027, we’ll be transitioning general prescription drug coverage from CVS to Express Scripts (ESI). Archimedes will continue to manage specialty medications and ESI will dispense those medications. Based on our review of the available options for prescription drug coverage, we believe the combination of ESI and Archimedes will best support the needs of our colleagues moving forward.

To ensure a smooth transition:

• Be on the lookout for your new pharmacy ID Card and download the Express Scripts app to create an account in January.
• Confirm your preferred pharmacy is part of the Express Scripts broad national network.
• If you take medication that requires pre-authorization, you may need to complete additional steps to continue coverage.
• If you use mail order, you will need to download the Express Scripts app, create an account for ordering your prescription drugs, and request new 90-day subscriptions from your doctor.

You will receive more information if you need to take action.

We recognize achieving a healthy weight may be a key goal in pursuit of becoming a healthier you. To support you with a holistic and well-rounded approach to weight management, we’re enhancing our existing Teladoc Condition Management program to include a comprehensive weight management program.

Those enrolled in an AXA XL medical plan will gain access to Teladoc’s nutrition and lifestyle guidance, as well as access to GLP-1s weight loss drugs. It is important to note that coverage for GLP-1s specific to weight management will only be provided when enrolled in the Teladoc program. There is no change to coverage or access for GLP-1 prescription drugs to treat other conditions, like diabetes. Those drugs will be dispensed through Express Scripts under the AXA XL pharmacy plan.

For 2027, we’ll be combining our Staying Well and online well-being reimbursement incentives into a single wellness award of up to $500 per colleague per year.

If you enroll in one of the HSA medical plans, AXA XL will contribute $500 (individual coverage) or $1,000 (if you cover dependents) to your HSA for the 2027 plan year. The total amount that you and AXA XL can contribute to your HSA in 2027 is $4,500 for individuals and $9,000 for families. If you’re age 55 or older in 2027 you may contribute an additional $1,000. Keep in mind that you must re-enroll for your HSA for 2027 since those benefits default to waived for this active enrollment.

The Health Care and Limited Purpose FSA contribution limits will increase to $3,400 and you may carry over up to $680 of your remaining balance for use in 2027.

The Dependent Day Care FSA contribution limit will continue to be $7,500 for married couples filing jointly and $3,750 for couples filing separately.

Think about your wallet when enrolling, including the long-term savings with the HSA and the opportunity to defer more to an FSA if applicable.

Beginning in 2027, our Flexible Spending Accounts (FSA) and Commuter accounts will transition from Inspira Financial to Bank of America, where our Health Savings Account (HSA) and 401(k) accounts are already managed. Consolidating these accounts with a single provider will create a more streamlined and convenient experience for our colleagues.

Keep the following in mind:

• FSAs:
  • If you enroll in an FSA for 2027, you’ll receive a new payment card from Bank of America in December.
  • If you currently have an FSA, your 2026 FSA claims must be submitted for reimbursement to Inspira Financial by March 31, 2027. If you have a carryover-eligible balance remaining after this date, it will be automatically added to your 2027 balance with Bank of America.
• Commuter accounts:
  • If you wish to contribute to a Commuter account, you will be able to enroll with Bank of America starting January 1, 2027.

We are pleased to introduce several coverage enhancements for 2027, with no increases to what you pay for coverage:

• Critical Illness: The guaranteed issue amount will increase to $20,000 for employees, $10,000 for spouses/partners, and $10,000 for child(ren).
• Hospital Indemnity:
  • ICU admission benefit will be added: $1,000 per admission up to 4 times per year, paid in addition to hospital admission.
  • Newborn confinement benefit will increase from up to 2 days to up to 3 days.
  • Inpatient rehabilitation benefit will be added: $100 per day up to 15 days.

AXA XL is committed to promoting well-being and self-care, including through the Healthy You eXpos and biometric events. Medical experts have identified the use of tobacco products as one of the leading preventable health risks in the United States, and to encourage colleagues to quit, we include a tobacco user’s surcharge for those enrolling in an AXA XL medical plan.

AXA XL is committed to investing in the well-being of all our colleagues. We understand that working spouses may have access to other employer medical coverage, and so we include a working spouse surcharge. This approach enables us to manage costs effectively and maintain a robust package of benefits for all our valued colleagues.

By doing so, we can keep premiums reasonable and sustain our benefits program, which ultimately allows us to support your health and welfare in the most effective way. Your well-being is our top priority, and our goal is to foster an environment where everyone thrives together. Rest assured, this approach enables us to continue providing a diverse and valuable benefits package that supports not only you but also your loved ones' health and welfare.

The following medical surcharges are in addition to your medical plan premium contributions:

• If you or your covered spouse/domestic partner use tobacco, you’ll each pay a $75 per month surcharge.
• If your spouse/domestic partner is working and has access to his or her employer-sponsored medical plan but you choose to cover them under the AXA XL medical plan, you’ll pay a $100 per month surcharge.
• When you enroll for medical coverage through myHR, you must check the appropriate boxes related to the surcharges. If you change your medical plan election for 2027, be sure to adjust your surcharge elections as changes do not occur automatically.

Please review your elections during Annual Benefits Enrollment and, if your circumstances change, throughout the year to ensure they accurately reflect your status.

If you plan to enroll new dependents or name new beneficiaries, you’ll need to first add them under “People to Cover” in the myHR system to ensure you are able to enroll and/or select them. If they are already listed as contacts, do not add them again.

If you plan to cover a domestic partner, it is important to note that you must submit a domestic partner affidavit and domestic partner tax status form to the RMBenefitsAdministration@axaxl.com box, if you do not already have one in place with the AXA XL Benefits Department. Find these documents on the Documents page.

When choosing a medical plan, it’s important to think about the whole cost of coverage—the amount you’ll spend out of your paycheck (premium contributions), as well as out of your pocket (copays, deductibles, and coinsurance).

Don’t forget to check out our HR Chatbot for “someone” you can talk to about your benefit needs!

Available through https://aichatbot.axaxl-cloud.com

Email RMBenefitsAdministration@axaxl.com

Annual well exams, vaccinations, and other preventive care services are free under all AXA XL medical plans as long as you use in-network providers. Don’t wait — book your appointment before year-end.

Make everyday life a little less expensive with a wide variety of money-saving benefits, from tax-free commuter accounts to exclusive discounts on travel, entertainment, fitness memberships, electronics, and more.

With virtual health programs for diabetes, high blood pressure, pelvic health disorders, pain and mobility issues, and more, you and your covered family members can get specialized support for managing your condition without leaving the house.

AXA XL helps you save for the future with generous contributions to your 401(k) and, if you enroll in the HSA 1 or HSA 2 medical plan, your Health Savings Account (HSA). Review details about our 401(k) match and HSA contributions so you can maximize the Company funding available to you.