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

2023 Gerresheimer Salary Benefits Bulletin • 3

HEALTH PLAN OPTIONS

Healthcare Options for 2023

The Company will continue to make two alternative medical coverage options available to employees and their eligible dependents during 2023. The HDHP

Gold Plan The other available healthcare option is known as the Gold Plan . This Plan provides a higher level of benefits and is generally of interest to those who use healthcare services regularly. For this comprehensive coverage, a higher price tag also applies. That is why it is more important than ever that you assess whether you really need the Gold Plan – it may not be economically sensible considering your healthcare needs, espe cially when you consider the fact that the High Deductible Healthcare Plan has an out-of-pocket limit to protect you in the event of major health problems.

The first is a High Deductible Healthcare Plan (HDHP) option which includes a Health Savings Account to which the Company con tributes. Participants may also contribute to the Health Savings Account on a pre-tax basis. Funds in the Account are expected to be used to offset the out-of-pocket costs of the healthcare plan. To the extent funds in the Health Savings Account aren’t used, they roll-over to the next year. They even go with the participant if there is a balance when leav ing the Company. High Deductible Healthcare Plans are becoming increasingly popular as a means for both employers and employees to keep medical expenses in check while provid ing sufficient levels of coverage to feel secure in the face of a serious illness. The premiums for the High Deductible HealthCare Plan are lower than the alternative so if you aren’t already convinced that this plan is for you, you may want to give it serious consideration for 2023!