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Welcome to Annual Enrollment for 2023

 * Pages

01 Welcome to Annual Enrollment for 2023
02 Table of Contents
03 What’s New & Changing
04 Understanding Your Medical Choices with SmartSelect
05 Tax-Advantaged Accounts
06 HealthAhead
07 Your Resources
08 Company Transformation & Your Benefits



WELCOME­ TO ANNUAL ENROLLMENT FOR 2023


OCTOBER 10 – OCTOBER 28

GE Health Choice for Salaried Employees

GE offers a range of benefits and programs to support the health and wellbeing
of you and your family.

Based on your feedback, we are continuing the process of simplifying and
contemporizing your medical plan options with a focus on affordability.

LEARN MORE



HERE ARE THE HIGHLIGHTS…

For the third year in a row, full-time employees will see no increase in medical
contributions, and many will see a decrease:

 * Option 1 will see lower contributions, annual deductibles, and out-of-pocket
   maximums.
 * Option 2* will have lower contributions, no change to the deductible amount,
   and an option to open a Health Savings Account (HSA), a flexible pre-tax
   account that you own and can take with you if you leave GE. There are other
   changes associated with this new Option 2. For more details on Option 2
   changes, click here.
 * Option 3 contributions will remain largely unchanged for the third year in a
   row.
 * Dental contributions will increase slightly, and Vision contributions will
   remain unchanged in 2023.

As we previously announced, the Health Reimbursement Account (HRA) will be
discontinued for Options 1 and 2 beginning January 1, 2023. If you have a credit
balance in your HRA, December 31, 2022, is the last date to incur an eligible
HRA expense.

Note: Your contributions and out-of-pocket maximum under GE Health Choice (GEHC)
may go up if you have a pay increase that moves you into a higher contribution
tier, or if you are a part-time employee. Updated state surcharges for 2023 may
also apply. Additionally, your deductible and out-of-pocket maximum may increase
if your normal straight-time annual earnings increase.

*Due to Option 2 becoming HSA-eligible, all services except preventive services
will now be subject to the annual deductible.

Regardless of what Business you are part of, the benefit elections you make
during Annual Enrollment will be in effect for all of 2023, unless you have a
qualifying event that enables you to change certain elections mid-year.

WHAT YOU NEED TO DO

Between October 10 and October 28, review your benefit choices and select the
option that fits your needs for 2023. The SmartSelect decision support tool is
available to help you assess your medical plan options. Given the changes noted
earlier, we encourage you to access SmartSelect and spend a few minutes
reviewing your 2023 medical elections. For example, the lower contributions and
availability of an HSA may make Option 2 worth considering if you were
previously in Option 1 or 3.

Annual Enrollment is your once-a-year opportunity to:

 * Change or enroll in a medical, vision, or dental plan.
 * Elect contributions to a flexible spending account or health savings account.
 * Confirm the family members you elect to cover and their working person
   status.
 * Change your smoker or smokeless tobacco user status or let us know if you
   plan on participating in a cessation program in 2023.

If you don’t take action, you will remain in your current medical plan option,
however any prior FSA or HSA elections will not automatically carry over.

This guide provides highlights of the changes to your available health and
welfare plans. If there are any conflicts between this document and the Plan
documents, the Plan documents prevail. Please note that some employees may be
ineligible to participate in benefits.

General Electric Company reserves the right to terminate, amend, suspend,
replace, or modify its benefit plans and programs at any time and for any
reason, in its sole discretion. Likewise, GE HealthCare reserves the right to
terminate, amend, suspend, replace or modify its benefit plans and programs at
any time and for any reason, in its sole discretion. No individual has a vested
right to any benefit under a GE or GE HealthCare welfare benefit plan or
program. This document does not create a contract of employment between GE or GE
HealthCare and any individual.

The HIPAA Notice of Privacy Practices was updated effective January 1, 2020. The
document is available at OneHR.ge.com > Healthcare > Notice of Privacy
Practices.