AtlantiCare 2025 Benefits Booklet

RETIREMENT BENEFITS

Welcome.................................... 2 What’s New?............................. 3 How to Enroll........................... 4 Medical....................................... 6 Prescription Drug.................14 FQHC.........................................16 Additional Medical Plan Resources................................17 AtlantiCare Longevity Lifestyle Program................18 Dental.......................................20 Vision.........................................22 Life Insurance........................25 Disability..................................26 Voluntary Offerings.............27 Educational Support & Career Development..........27 Financial Well-being...........28 Health &Wellness................29 Savings.....................................31 Voluntary Benefits...............32 Spending Accounts.............35 Retirement Benefits............36 Contacts...................................38 Legal Notices.........................40 Wellness Checklist...............42

Empower AtlantiCare is here to support you as you save for a long, healthy and active retirement. Whether you are beginning your rst job, at the midpoint of your career or approaching retirement, your retirement savings plan is an essential part of your future nancial wellness. AtlantiCare o ers the following plans to assist you in saving for your retirement years: AtlantiCare 403(b) or 401(k) Savings Plan Traditional 403(b) or 401(k) plans are defined contribution plans and contributions offer an upfront tax advantage. The dollars you contribute to your AtlantiCare 403(b) or 401(k) are pre-tax, meaning your taxable income is reduced by each dollar you put into the plan and earnings grow tax-deferred until you withdraw this money. When you take plan withdrawals, you’ll pay income taxes on those dollars. For new hires, there is a 2% auto enrollment in our 403(b)/401(k) plan unless you opt out within the rst 60 days of employment. After your first paycheck is processed you can access your account online through www.EmpowerMyRetirement.com to either opt-out or increase your deferral amount. You can also contact Empower Customer Services at 1-866-467-7756 to make changes to your account. In addition, AtlantiCare will match 25% of your contribution up to the rst 4% of your compensation per pay period that you defer. The money that you contribute is always fully vested. Once you have completed three years of service in which you work at least 500 hours in each year, you will also be fully vested in this match. This means that if you leave employment with AtlantiCare after three years, you are eligible to take both the match money and your contributions. Once you complete 15 years or more of service, AtlantiCare will increase this match to 50% of your contribution up to the rst 4% of your compensation per pay period that you defer as of January 1 of the following Plan Year. Roth Option for 401(k) or 403(b) New for 2025! AtlantiCare is also offering a Roth option for your 401(k) or 403(b). A Roth is an Retirement Savings Plan to which you contribute after-tax dollars. While there are no current-year tax benefits, your contributions and earnings can grow tax-free, and you can withdraw them tax-free and penalty free after age 59½ and once the account has been open for five years. Roth contributions are matched in the same way that pretax contributions are matched. The maximum company match is the same as the current maximum, regardless of how your contributions are designated. Please note that all company matching contributions are pretax. Representatives are available weekdays between 8:00 am and 10:00 pm Eastern time and Saturdays from 9:00 am to 5:30 pm Eastern time. Customer Service: 1-866-467-7756 TTY: 800-345-1833 www.EmpowerMyRetirement.com

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