2027 Open Enrollment Plan Design – OCU Presentation Final

The information within this presentation serves as a Summary of Material Modifications (“SMM”) to the Summary Plan Description (“SPD”) dated January 1, 2027.

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

OPEN ENROLLMENT DATES:  October 23rd through November 6th! 

• You’ll use the Cummins Health Benefits Service Center to 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.
• Utilize the resource for enrollment to help simply your medical plan selection
  • Consider your health care needs for next year and take advantage of the 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 2027, take an active role and choose your benefits by Nov. 6. 

In December, you’ll receive a confirmation of benefits statement in the mail summarizing your 2027 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 contact the Cummins Health Benefits Service Center promptly.

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

Medical employee contributions based on annual pay

Your 2027 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. 

Limited Purpose Health Care FSA

Cummins offers a  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 2027 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 2027, 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:

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

Compare Savings Accounts

Additional enhancements for 2027

In addition to the benefit updates above, the following programs are being enhanced for 2027. No action is needed during Open Enrollment to take advantage of these programs when enrolled in one of the Cummins medical plans..

• Expanded fertility benefits — The lifetime fertility benefit maximum is increasing to $40,000.
• New diabetes and weight management support — Beginning in 2027, diabetes and weight management support will transition to Vida Health. Vida Health provides personalized coaching, nutrition guidance, digital tools and clinical support to help build healthier habits, achieve health goals and manage chronic conditions. The program also offers support for participants using certain weight management medications.

If you currently participate in Virta, EncircleRx or Omada, watch for information directly from Vida Health about the transition. Additional support will be available to help you continue working toward your health goals.

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.

MetLife Legal

Finding quality legal advice can be expensive and it can be hard to find an attorney you trust. The Legal Plan, administered by MetLife, benefit helps cover the costs of a wide range of common legal issues and makes it easier to access experienced attorneys to help with estate planning, home sales, tax audits and more.

You must enroll in coverage during Open Enrollment. You, your spouse and your dependents can receive legal assistance for some of the most frequently needed personal legal matters, such as:

• Money matters including debt collection, identity theft defense, personal bankruptcy, tax audit, collection and preparation
• Estate planning matters including complex wills, healthcare proxies, living wills, powers of attorney and trusts
• Family and personal matters including adoption, affidavits, divorce, guardianship, insurance claims, name change and personal property protection
• Traffic and criminal matters including defense of traffic tickets, misdemeanor defense

Learn more at legalplans.com or call 800-821-6400.

Identity Theft Protection

IDwatchdog provides you with tools to monitor your credit and protect you from identity theft and fraud. In the case of an identity breach, IDwatchdog will take all the necessary steps to restore your good name and credit accuracy.

You must enroll in coverage during Annual Enrollment. Coverage is available for you or your whole family:

• Financial protection through credit score tracking, high-risk transaction monitoring, financial account monitoring and more
• Identify fraud protection through dark web monitoring, AI-powered phishing and malware alerts, public records monitoring and more
• Personal cyber security resources like digital privacy scans and removal, personal vpn, password manager and more
• Reimbursement and support for personalized identity restoration, lost wallet vault, cyber crime coverage, credit freeze assistance and more
• Family protection for family alert sharing, child credit lock, child credit monitoring and more

Learn more at idwatchdog.com/myplan/cummins or call 866-513-1518.