UL - 2023-24 Benefits Guide (FINAL 11.1.2023) SP

2 • 2023 Gerresheimer Salary Benefits Bulletin

LEGALLY SPEAKING

HEALTHCARE REFORM

Everyone has undoubtedly heard the term “Obamacare. “ That is the nickname given to legislation signed by our former Pres ident which introduced public healthcare coverage exchanges through which individuals might obtain low cost healthcare. Although President Trump has championed replacement of that legislation, to date, it remains in effect. Healthcare Reform provides subsidies for coverage obtained on the public health exchanges to those who are NOT offered employer coverage which costs less than 9.61% of their gross wages for single coverage or which does not provide benefits of at least 60% for what are viewed as essential services, obtained on an in-network basis. Since the Company offers at least one medical benefit plan which meets the requirements of pricing and minimum essen tial benefits to all full-time employees, no full-time Company employees would be eligible for subsidies on coverage available through a public exchange. This applies to an employee’s spouse as well, even though the cost of coverage that includes a spouse may exceed 9.61% of gross wages.

DEPENDENTS

The definition of dependent for purposes of healthcare benefits with Gerresheimer is NOT the same as that which enables you to include a person as your dependent for tax purposes. For purposes of our healthcare plans (medical, dental and vision only), you may only enroll the following individuals for whom you can provide acceptable evidence of their relationship as your dependents: • Your legal, opposite or same sex spouse (from whom you are NOT legally separated or divorced) • Your natural or adopted children, step-children or children for whom you are legal guardian, to the end of the month in which they attain age 26 REGARDLESS of their marital status, employment status, student status or residency • Your civil union or domestic partner* or your common law spouse when you provide a notarized affidavit of the relation ship acceptable to the Company Note that for purposes of the Healthcare Flexible Spending Ac count and Health Savings Account only, you may use funds to pay unreimbursed healthcare expenses of the individuals above, whether or not they are enrolled for Gerresheimer coverages, AND for anyone else you may claim as a dependent on your tax return. Consequently, if your parents are your IRS tax depen dents, their medical expenses could be used against the Health care Account, if otherwise eligible. *Although you may enroll your domestic partner for coverages, as required by IRS regulations, you will pay a portion of the premium with post-tax dollars. In addition, you will be taxed on the portion of the premium paid by the Company on behalf of the domestic partner. Ask your Human Resources representative for details, if interested.