Benefits Overview 2015
Table of Contents
Your Comprehensive Benefits ...........1
Your Time ........................................................33
Freddie Mac’s Benefits .......................................2
Time Away From Work ......................................34
Eligibility ...............................................................2
Vacation Time ....................................................34
Domestic Partner Coverage .................................2
Holidays .............................................................35
Benefits Effective Dates .......................................3
Sick Leave .........................................................35
Other ...................................................................4
Family Medical Leave .........................................35
NetBenefits ........................................................4
Short-Term Disability Leave ................................36
®
Freddie Mac’s Total Rewards ............................5
Your Health ......................................................7
Adoption Leave ..................................................36
Jury Duty Leave .................................................36
Bereavement Leave ...........................................36
Military Leave .....................................................36
Freddie Mac's Wellness Works ..........................8
Flexible Benefits ...................................................8
Online Health Assessment ...................................8
Default Coverage When You First Enroll ...............9
Your Life ...........................................................37
Work/Life ............................................................38
Flexible Work Arrangements...............................38
Health Care ........................................................10
Freddie Mac Wellness Center ............................39
Medical Coverage .............................................. 10
Back-Up Child/Elder Care .................................39
Health Care Contribution Rates for 2015 ............ 11
Employee Assistance Program (EAP) ................40
Prescription Drug Coverage................................ 16
Lactation Program .............................................40
2015 Summary of Medical Benefits ................18
Adoption Expense Reimbursement Program .....40
Aetna’s HealthConnections Programs ............... 24
Aetna Online Wellness Programs ....................... 24
Vision Coverage .................................................23
Dental Coverage ................................................ 24
Your Money ...................................................25
Savings, Investment & Retirement ..................26
Thrift/401(k) Savings Plan ..................................27
Flexible Spending Accounts ...............................28
Income Protection Benefits .............................30
Disability Coverage ............................................30
Short-Term Disability (STD) Coverage ................30
Long-Term Disability (LTD) Coverage .................30
Group Term Life (GTL) Insurance .......................31
Accidental Death & Personal Loss
(AD&PL) Insurance .............................................31
Aetna’s Group Universal Life (GUL)
Insurance Program ............................................31
Business Travel Accident (BTA) Insurance .........32
Home Benefit Program ......................................40
Educational Assistance Program ....................... 41
Transportation Benefit ........................................ 41
Fitness Center and Regional Health
Club Reimbursement .........................................42
In Closing .......................................................43
Making Changes to Your Coverage ................44
Annual Enrollment ..............................................44
Status Changes .................................................45
Appeals ...............................................................46
In Addition ..........................................................47
Notes ...................................................................48
Your
Comprehensive
Benefits
Freddie Mac provides a comprehensive benefits
package designed to help meet your needs — both now and in the future.
When you first become eligible for benefits, you may
select the plans that best meet the needs of you and
your family. Thereafter, you may make changes during
each Annual Enrollment period. Or, if you experience
a status change such as a marriage or divorce, or the
birth or adoption of a child, you can make changes to
some of your benefits during the year. ��
1
Freddie Mac’s Benefits
Eligibility
Domestic Partner Coverage
Generally, you are an eligible participant in Freddie
With the Freddie Mac Medical, Dental, Vision, and/or
Mac’s benefit plans if Freddie Mac classifies you as
Group Universal Life Insurance Plans, you may choose
an active, regular, full-time or part-time employee
to cover your domestic partner — an individual,
scheduled to work at least 20 hours per week, as
with whom you share a committed and exclusive
defined in Corporate Policy No. 3-231. In addition to
relationship.
yourself, you may also enroll eligible family members
If you elect medical, dental, or vision coverage for
or a domestic partner and his or her eligible children
(subject to certain requirements) in the Freddie Mac
Medical, Dental and Vision Plans. Eligible family
members include your spouse and children who
meet the eligibility requirements as described in
the relevant Summary Plan Descriptions (SPDs)
and program summaries. Certain programs may
have distinct eligibility requirements, which are
outlined in the relevant SPDs, program summaries,
plan documents, corporate policies, or corporate
procedures. You may access program information
on the NetBenefits, HomeFront, and Total Rewards
websites.
a domestic partner and his or her eligible children,
you will pay the contribution cost for the domestic
partner’s coverage on an after-tax basis, and part of
its value and the value of coverage for the domestic
partner’s children will be taxable to you as imputed
income. However, health plan benefits will be
grossed up to offset the additional tax associated
with domestic partner health benefits. For complete
details about domestic partner eligibility requirements,
coverage options, tax consequences, and participant
obligations, refer to the Domestic Partner Summary,
posted with other materials on the NetBenefits,
HomeFront, and Total Rewards websites. We strongly
2
Your Comprehensive Benefits
encourage you to read this information carefully before
electing benefits for your domestic partner. To certify
a domestic partner relationship and enroll a domestic
partner for coverage, log on to NetBenefits at
https://netbenefits.fidelity.com.
To be eligible for coverage under the Medical, Dental,
Vision, and Group Universal Life Insurance Plans,
Benefits Effective Dates
Benefits will become effective on the following dates.
Other effective dates are available in the relevant
Freddie Mac policies, SPDs and program summaries.
First Day of Hire
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Business Travel Accident (BTA) Insurance
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Employee Assistance Program (EAP)
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Educational Assistance Program
domestic partners must certify that they are in a
committed, exclusive relationship; are not married
to someone else; and must consider themselves life
partners. They also must:
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Share a primary residence
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Be financially interdependent
■■
Have joint responsibility for one another’s
common welfare
If this relationship ends or changes so that it no longer
meets Freddie Mac’s definition, you are required to
First of Month Following Date of Hire
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Medical, Dental, Vision coverage
■■
Group Term Life (GTL) Insurance
■■
Accidental Death & Personal Loss (AD&PL)
Insurance
■■
Group Universal Life (GUL) Insurance
■■
Short-Term Disability (STD)
■■
Long-Term Disability (LTD)
■■
FlexDollars (if eligible)
notify the Freddie Mac Benefits Center.
One Month of Service
■■
Employee contributions to the Thrift/401(k)
Savings Plan
■■
Catch-up contributions to the Thrift/401(k)
Savings Plan (for employees 50 years of age or
older — if elected)
One Year of Service
3
■■
Thrift/401(k) matching contributions
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Thrift/401(k) Fixed Contribution
■■
Home Benefit Program
■■
Adoption Expense Reimbursement Program
Your Comprehensive Benefits
Other
■■
Health Care and Dependent Care Flexible
Spending Accounts (FSAs) (effective the first day of
the pay period in which your deduction begins)
■■
Vacation**
■■
Sick leave**
NetBenefits®
Day or night, holiday or weekend, you can view and
enroll in your Freddie Mac flexible benefits and your
Thrift/401(k) Savings Plan through the NetBenefits
website. Through NetBenefits, you can access
information about your medical, dental, and vision
elections; review your vacation, FSAs, and life and
** Accrual begins on the first day of the first full pay period you begin
employment.
disability insurance elections; and enroll/change
For more information on the effective dates of your
investments or view your statement online.
benefits, please refer to the SPDs and program
Through NetBenefits, you can also make new hire
summaries located on the NetBenefits, HomeFront,
benefit elections and changes to your benefits if you
and Total Rewards websites.
experience a status change.
Note: Any benefit deductions and/or credits (if any) will be
made as soon as administratively possible; no retroactive
adjustments will be made.
To get to the NetBenefits site, simply click on the
your Thrift/401(k) Savings Plan contributions and
NetBenefits link on the Benefits page on HomeFront
or the Total Rewards website. You will be taken
automatically to the login page of NetBenefits, where
you will see prompts to follow. If you would like to
access NetBenefits from home, the URL address is:
https://netbenefits.fidelity.com.
��
Benefits Overview Guide
This booklet provides a high-level overview of some of
Freddie Mac’s programs, policies, and benefits. This
document is not a SPD and is not a plan document. For
more detailed information refer to the SPDs and program
summaries on NetBenefits, HomeFront, and Total
Rewards websites.
4
Your Comprehensive Benefits
Freddie Mac’s Total Rewards
Our Total Rewards website provides a
comprehensive overview of your personalized
■■
Medical coverage
■■
Dental coverage
■■
Vision coverage
■■
Group Term Life (GTL) Insurance
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Accidental Death & Personal Loss (AD&PL)
compensation and benefits information. To access
your total rewards, go to the Total Rewards website
at www.freddierewards.com, where you’ll find
information on your pay, health coverage, vacation,
life insurance, retirement, and many other benefit
programs. These programs, plus your actual pay,
Insurance
■■
Group Universal Life (GUL) Insurance
■■
Long-Term Disability (LTD)
■■
Thrift/401(k) contributions and matching
constitute your Total Rewards.
On the Total Rewards site, you will be able to see
both Freddie Mac’s and your contributions to the
contributions
following benefits:
��
■■
Thrift/401(k) Fixed Contribution
■■
Federal Unemployment Insurance
■■
FICA
Valuable Online Tool
Freddie Mac’s Total Rewards gives you comprehensive information
about your personalized compensation and benefits and links to
additional sites to initiate benefit changes.
5
Your Comprehensive Benefits
From the Total Rewards site, you can link to
additional sites to process benefit changes. For
example, if you would like to change your 401(k)
investments or contribution elections, or if you would
like to add a newly eligible family member to your
benefits, simply click on the NetBenefits link to make
the necessary changes. In addition, you have access
to health care provider directories and all the benefit
plan summaries and forms.
You can access the Total Rewards site 24 hours a day,
seven days a week. All you need is your username
and password. Your username and password will be
mailed to you at your home address approximately
three weeks after your date of hire. If you have
any questions regarding the Total Rewards site,
please contact and select the option for HR. at
(703) 450-3200, Monday through Friday, between
8:45 a.m. and 5:15 p.m. ET.
��
Group Universal Life Insurance
Aetna’s Group Universal Life (GUL) Program offers you and/or
your spouse or domestic partner the option to purchase additional
term life insurance protection — at after-tax group rates — with a
Cash Accumulation Fund (CAF) that earns tax-deferred interest.
You and/or your spouse or domestic partner have access to the
CAF through loans and withdrawals.
6
Your Health
Non-tobacco users can receive a $10 per pay period
premium credit. ��
7
Wellness Works at Freddie Mac
Flexible Benefits
Many of the benefits outlined in this booklet are
Non-Tobacco Credit for Medical Plan
Participants
offered through Freddie Mac’s flexible benefits plan.
If you are a non-tobacco user and enroll in a Freddie
With flexible benefits, you choose the benefits that
Mac medical plan, you are eligible for a medical
best meet the needs of you and your family. Here’s
premium credit of $10 per pay period.
how it works:
A “tobacco user” is anyone who uses cigarettes,
■■
You choose from a menu of benefit options to
design your personalized benefits program.
■■
You pay for the cost of your coverage on a
pre-tax and/or after-tax basis through payroll
deductions.
■■
You may then periodically update your benefits
cigars, pipes, hookah, e-cigarettes, kreteks (clove
cigarettes), or any form of smokeless tobacco,
including chewing tobacco, dip, or snuff.
To receive the premium credit, you must select
“Tobacco-Free Participant” during your enrollment
window.
as your needs change, during Annual Enrollment
or if you experience a status change.
Note: Employees with salaries of $50,000 or less are also
eligible to receive FlexDollars from Freddie Mac to defray
health care-related costs.
8
Your Health
Default Coverage When You First Enroll
If you do not elect Freddie Mac’s benefits by the end
of your enrollment window when you first become
eligible, you will automatically be deemed to have
elected default coverage (see chart below).
FlexDollars
If your annual salary is $50,000 or less* Freddie Mac
provides FlexDollars to make your benefits more affordable.
$25.00 per pay period if your annual
n
salary is less than $35,000.
As with any other benefit election, default coverage
remains in effect for the full plan year (Jan. 1 through
Dec. 31) unless you experience a status change.
$20.00 per pay period if your annual
n
salary is $35,000 to $50,000.
With default coverage, you authorize Freddie Mac to
Each year during Annual Enrollment, your enrollment
deduct money from your pay, to pay for these benefits
summary on NetBenefits reflects the FlexDollars you are
as necessary. If you have any questions about default
eligible to receive for the following year as long as you are
coverage, log on to NetBenefits. If you prefer to speak
an eligible Freddie Mac employee. If you are a part-time
with a representative, call the Freddie Mac Benefits
Center at (800) 431-2363.
employee (scheduled to work 20 to 31 hours per week),
your FlexDollars will be prorated based on the hours you are
regularly scheduled to work.
When you make your elections, you authorize Freddie Mac
to deduct money from your pay on a pre-tax and/or after-tax
basis to pay for them. FlexDollars are taxable income and
will be paid to you throughout the year, each pay period,
*If a compensation increase brings your salary to more than
$50,000 during the course of the year, the FlexDollars will be
discontinued at that time.
Benefit
Default Coverage
Medical coverage*
Aetna HealthFund Participant Plus Family coverage**
Tobacco Status
Participant Not Tobacco Free
Dental coverage
No coverage
Vision coverage
No coverage
Group Term Life Insurance
One times base salary coverage
Accidental Death & Personal Loss Insurance
One times base salary coverage
Long-Term Disability
60% coverage
Health Care and Dependent Care Flexible Spending Accounts
No participation
Group Universal Life Insurance
No coverage
* If you were assigned default medical coverage, you may change to Participant Plus One or Participant Only coverage (only if you do not have
eligible family members). You may make this change within 90 days of your eligibility date by calling the Freddie Mac Benefits Center at (800)
431-2363. No retroactive changes to your contributions will be made. Changes may not be made to any other default coverage.
** You will be defaulted to the Aetna Out-of-Area option if you live outside the Aetna network area.
9
Your Health
Health Care
For most people, access to comprehensive, affordable
Medical Coverage
health care is a top benefits priority. That’s why
With Freddie Mac’s flexible benefits plan, you have
Freddie Mac offers a choice of medical options, as
several medical options to choose from:
well as dental and vision coverage.
With each option, you may choose from three levels of
coverage:
■■
Participant Only
■■
Participant Plus One
■■
Participant Plus Family
■■
Aetna HealthFund
■■
Aetna Choice POS II
■■
Aetna Choice POS II Plus
■■
Aetna Out-of-Area
■■
Aetna Select Open Access
■■
Kaiser HMO
You may elect different coverage levels for medical,
dental, and vision coverage, based on your personal
needs. For example, you may elect the Participant
Medical Plan Options
Only coverage level for medical and elect the
For a comparison of important features of Freddie Mac’s
Participant Plus One coverage level for dental.
Medical Plan options, refer to the Summary of Medical
Benefits Chart included in this brochure.
If you live in this area
You may choose from these options
Any area of the United States
Aetna Choice POS II
Aetna Choice POS II Plus
Aetna HealthFund
Aetna Select Open Access
Aetna Out-of-Area1
Mid-Atlantic area
Aetna Choice POS II
Aetna Choice POS II Plus
Aetna HealthFund
Aetna Select Open Access
Kaiser HMO
Aetna Out-of-Area1
1
This option is available only to employees who live outside the Aetna Choice POS II network area.
10
Your Health
Health Care Contribution Rates for 2015
Examples of preventive care services include:
Freddie Mac maintains a cost share of 75 percent
■■
Routine physical exams
■■
Well-woman exams, including pap smears and
Freddie Mac/25 percent Employee of the health care
options. The chart below outlines the 2015 per-payperiod costs for each available health care option.
Summary Plan Descriptions (SPDs)
For more information on medical, dental, or vision coverage,
screening mammograms
■■
Routine, age-based immunizations
■■
Prostate cancer screenings and PSA (Prostate
Specific Antigen) tests
refer to the SPDs located on the NetBenefits, HomeFront, or
All Freddie Mac Medical options cover doctor visits,
Total Rewards websites.
hospitalization, surgery, and emergency care, subject
to limitations as outlined in the Medical Plan SPD.
The options differ in terms of how care is delivered,
Preventive care services received within the Aetna
how much you contribute to the cost of coverage,
and Kaiser networks will be covered at 100 percent,
how much you pay when you receive care, types of
with no copayment required. Preventive care services
care covered, and how claims are filed. You make the
received within the Aetna Out-of-Area option will
choice about the option that’s right for you.
be covered at 100 percent, up to reasonable and
customary (R&C) charges.
�� Supporting
a Tobacco-Free
Environment
Starting June 1, 2015, all Freddie Mac locations will become
smoke-free and tobacco-free. Ready to quit? Smoking cessation
programs are offered through all Freddie Mac health plans.
11
Your Health
2015 Per-Pay-Period Costs
Participant Only
Participant + 1
Participant + Family
Aetna Choice POS II
$50.50
$93.59
$133.86
Aetna Choice POS II Plus &
Out of Area2
$62.36
$151.71
$207.22
Aetna Select
$77.33
$194.58
$243.80
Aetna HealthFund
$35.43
$60.84
$95.56
Kaiser HMO
(Mid-Atlantic only)
$63.15
$178.93
$223.07
DENTAL
$6.81
$16.56
$25.67
VISION
$0.84
$2.04
$3.14
MEDICAL1
1 The costs shown are before the $10 per pay period non-tobacco user premium credits are applied (medical coverage only).
2 This option is available only to employees who live outside the Aetna Choice POS II network area.
The following information describes how each Medical
option works:
Aetna HealthFund
Health Savings Account
If you are enrolled in the Aetna HealthFund, you can
use a Health Savings Account (HSA) to help pay for
eligible medical, prescription drug, dental and vision
The Aetna HealthFund is a High Deductible Health
expenses for yourself and your eligible dependents1.
Plan that gives you more flexibility in how you spend
You are eligible to open an HSA if:
— or save — your health care dollars. Here is a
snapshot of how this option works:
■■
Nationally recommended preventive care services
are covered at 100 percent in-network and are not
subject to the deductible.
■■
For non-preventive care expenses, you pay
a percentage of the cost (also known as
“coinsurance”) after satisfying the annual deductible.
If you reach the plan’s out-of-pocket maximum, the
Aetna HealthFund pays 100 percent of covered
costs (in-network) for the rest of the year. Out-ofnetwork costs are reimbursed according to Aetna’s
reasonable and customary (R&C) charges.
12
Your Health
■■
You are not covered under another non-HSA
For more information on HSAs, including enrollment
qualified medical plan or under a general health
and making contributions, visit the Fidelity Website at
care spending account either through Freddie Mac
http://netbenefits.fidelity.com.
or your spouse’s employer as of Jan., 1, 2015
■■
You are not enrolled in Medicare and/or
■■
You are not claimed as a dependent on another
If you plan to participate in the Aetna HealthFund, you will
person’s tax return
need to open an HSA through Fidelity
Here is how it works:
■■
Important Aetna HealthFund and HSA
Information
If you open and contribute to an HSA, you will not be eligible to
You set up your HSA through Fidelity, and make
open a Health Care Flexible Spending Account (FSA) for 2015.
pre-tax contributions via payroll deduction. Freddie
Mac also contributes to your account. HSA
contributions are subject to annual limits established
by the Internal Revenue Service (IRS). The IRS
contribution limits for 2015 are shown below.
■■
If you leave or retire from Freddie Mac, your HSA
goes with you. You can continue your account or
roll the funds into another qualified HSA.
■■
If you are no longer enrolled in the Aetna
HealthFund, you can still use the money in your
HSA until all funds are exhausted. Any unused
funds in your HSA at the end of the year carry over
to the following year.
2015 HSA Contribution Limits
Employee Only
Employee + 1
Employee + Family
Your Maximum Contribution*
$2,850
$5,900
$5,650
Freddie Mac’s Contribution**
$500
$750
$1,000
Total Annual HSA
Contribution Allowed by IRS*
$3,350
$6,650
$6,650
* HSA participants age 55 or older can make an additional catch-up contribution of $1,000 in 2015.
** HSA contribution amounts may be prorated depending on date the account is opened.
1 Eligible dependents for HSA purposes are your spouse and all dependents you claim on your tax return. See IRS Publication 969 for additional information.
13
Your Health
Is the Aetna HealthFund Right for You?
Does the HealthFund offer the same coverage at a
The chart above provides a high-level overview of
better value? Ask yourself the following:
how the Aetna HealthFund with HSA works. See the
■■
following sample questions and answers for more
What type of health care user am I? If you use
health care primarily for preventive, wellness, and
information.
routine health check-ups, you will generally pay
less out-of-pocket under the HealthFund. If your
HSA
Tax-advantaged bank
account that you control.
If you enroll in the Aetna
HealthFund, you can open an
HSA and use it to help pay
for eligible health care
expenses-including the
annual deductible and out-ofpocket expenses under the
Aetna HealthFund – for you
and your eligible dependents.
health care needs go beyond routine types of care
Annual Deductible
and services, you may pay more out-of-pocket
under the HealthFund than you would under a POS
Amount that needs to be
satisfied before traditional
health coverage begins
Preventive care not subject
to the deductible
or HMO option.
■■
Do I prefer to pay the larger portion of my
health care expenses through contributions
or when I receive care? There is no “right”
answer. You will need to consider that you will pay
significantly lower contributions with the HealthFund,
Health Coverage
Protects you from high costs
Coinsurance similar to
traditional medical plans
but may also be responsible for paying more out-of-
Preventive Care
pocket when you receive care. On the other hand,
Eligible preventive care
from in-network providers
covered at 100%
your contributions for the POS and HMO options will
be higher than contributions for the HealthFund, but
you may pay less when you receive care.
Coinsurance maximum for
added peace of mind
■■
Do I want to use a Health Savings Account
(HSA) to manage my health care dollars? The
HSA can help you save for your health care needs
now and in the future. If you enroll in the Health
Fund and open an HSA, Freddie Mac will make
annual contributions to your account; and you can
also contribute via convenient payroll deductions.
14
Your Health
What
Freddie Mac Pays
What You Pay
What Freddie Mac and
You Pay
What Freddie Mac and
You Pay
Health Savings Account
The Annual Deductible
Health Coverage
Out-of-Pocket Maximums
You can use your HSA to help
cover your deductible and
other eligible out-of-pocket
expenses, or save for future
qualified expenses..
You are responsible for
paying the annual deductible
before benefits are paid under
the plan. You have the option
of using your HSA to help you
meet the deductible.
Once you satisfy the
deductible, your underlying
health coverage pays a
percentage of your eligible
medical and prescription drug
expenses for the year (shown
below), until you meet the
out-of pocket maximum.
If you meet your out-ofpocket maximum for the year
(your coinsurance maximum,
shown below, plus the portion
of the annual deductible), the
plan will pay 100% of your
eligible expenses for the rest
of that year.
Annual Deductible:
In-network:
Coinsurance Maximums:
$1,500 Participant Only
Plan pays 80%,
you pay 20%
In-network:
(In-network preventive care
is covered at 100%, and
not subject to the annual
deductible)
Annual Freddie
Contribution:
$500 Participant Only
$750 Participant +1
$2,600 Participant +1
$3,500 Participant + Family
$1,000 Participant + Family
$3,000 Participant Only
Out-of-network:
Plan pays 60% of R&C costs;
you pay 40% of R&C costs
$4,500 Participant + 1
$6,000 Participant + Family
Out-of-network:
$5,000 Participant Only
$6,500 Participant + 1
$8,000 Participant + Family
Aetna Choice POS II
medical costs through coinsurance after you meet the
Freddie Mac offers two Point-of-Service II (POS II)
annual deductible.
options through Aetna. Both options give you the
For additional information about this option, see the
freedom to choose your own healthcare providers.
Summary of Medical Benefits beginning on page 18,
While you are not required to use providers within
or refer to the Medical Plan SPD.
Aetna’s network, you will receive the highest level
of benefit coverage when you obtain care from an
Aetna Select Open Access
in-network provider. See the Summary of Medical
The Aetna Select Open Access option requires that
Benefits beginning on page 18 for more information
about deductibles, copays and coinsurance amounts.
you receive services from physicians and facilities
in the Open Access network. With the Aetna
For additional information about these options, please
Select Open Access option, you are not required to
refer to the Medical Plan SPD.
designate a primary care physician (PCP) or obtain
written referrals.
Aetna Out-of-Area
For additional information about this option, please
The Aetna Out-of-Area (OOA) option is available
refer to the Summary of Medical Benefits beginning on
only to Freddie Mac employees who live in an area
page 18, or refer to the Medical Plan SPD.
not covered under the Aetna network. This option
generally works like the Aetna Choice POS II option,
except there is no network of preferred providers — you
choose your own health care providers and share your
15
Your Health
Kaiser HMO
Prescription Drug Coverage
The Kaiser HMO option pays benefits only for care
The information below pertains to all the Aetna
coordinated by your PCP and provided through
Medical options except the Aetna HealthFund.
Kaiser's network (except in an emergency). Generally,
you pay a flat copay when you receive care for most
covered services. If you elect to enroll in the Kaiser
HMO, make sure to elect your PCP.
Brand-Name Prescription Drugs
Subject to Coinsurance
If your doctor prescribes a brand-name drug, you
For additional information about this option, please
will pay a percentage (coinsurance) of the actual
refer to the Summary of Medical Benefits beginning on
drug cost (at Aetna’s negotiated rates), subject to a
page 18 or refer to the Medical Plan SPD.
minimum and a maximum cost. For generic drugs,
you will pay a flat copay. The chart below outlines
Freddie Mac’s Wellness Works:
Get the Most from Your Health Care
■■
the copays for generic drugs and the coinsurance
amounts and minimum/maximum payments for
Get healthy. Do everything you can to live a
healthy, productive life: manage your weight, make
smart nutrition choices, get plenty of exercise
and rest, manage stress, and visit your doctor
for physicals and screenings. It’s easier said than
done, but making even small adjustments can
brand-name drugs.
Determining Your Share of the
Cost for Brand-Name Drugs
■■
Go to www.aetna.com
■■
Enter: Username and password
make a real difference in your overall health status.
■■
the prompts
Become an informed health care consumer.
Learn about the various Medical Plan options and
how they work to help you make smart health care
decisions for yourself and your family.
■■
If you forgot your username and password, follow
Get help when you need it. Whether you’re
managing a chronic health condition, expecting
a new baby, or just want more information about
■■
Click on “Aetna Pharmacy”
■■
Click on “Drug Prices”
■■
Enter the name of the drug you wish to price
■■
Enter the dosage
■■
Your estimated out-of-pocket cost is calculated
getting and staying healthy, take advantage
based on the applicable coinsurance, and it will
of the resources available to you through your
appear on your screen
health care plans.
Aetna Copays (except Aetna HealthFund)
Generic
Brand-Name Formulary
Brand-Name Non-Formulary
Retail 30-day Supply
$10 copay
30% coinsurance
($30 minimum/$60
maximum)
50% coinsurance
($50 minimum/$100
maximum)
Mail-Order 90-day Supply
$20 copay
30% coinsurance
($60 minimum/$120
maximum)
50% coinsurance
($100 minimum/$200
maximum)
16
Your Health
depression, allergies, migraines, and high cholesterol.
Mail-Order Program
Aetna will notify you if you take a brand-name drug
Whether you enroll in one of the Aetna Medical options or
with an approved generic alternative. You should talk
the Kaiser HMO, you can offset some of the costs of your
to your health care provider about switching to the
prescription drugs using the mail-order program. Using mail
generic drug.
order is easy and convenient, and it saves you money. In
addition, your prescription order comes right to your home.
If you choose the approved generic drug, you won’t pay
any copays for the first six months you use the generic
drug. After the initial six-month period, you can continue
to save by paying the applicable generic copay instead
Aetna’s Save a CopaySM Program
of the coinsurance rate for the brand-name alternative.
You will save money if you choose to take an
For the Kaiser HMO prescription drug copays
approved generic drug over a brand-name alternative
reference the chart below.
to treat specific conditions such as heartburn,
Kaiser HMO Copays
Mail Order
(Up to 90-day supply)*
Retail Pharmacy
Kaiser Pharmacy
(Up to 60 – day supply)
Generic drugs
$13
$20
$15
Brand-Name Formulary
$23
$45
$25
Brand-Name Non-Formulary
$38
$60
$40
*Maintenance medications only
��
Aetna Online Pharmacy
Tools & Resources
When you enroll in an Aetna Medical Plan option, you will have
access to www.aetnapharmacy.com. Through this website,
you have access to tools and resources to help you make the
most of your prescription drug coverage.
Learn about:
n
n
n
n
17
Possible prescription drug side effects
Potential generic substitutes for brand-name drugs
Money-saving tips and frequently asked questions
Drug safety, including harmful drug interactions
Your Health
2015 Summary of Medical Benefits
Important Note: All percentages shown on the following charts are amounts paid by the Freddie Mac Medical Plan unless otherwise noted.
2015 Summary of Medical Benefits
Aetna HealthFund
In-Network
Member Services
Out-ofNetwork
(888) 238-6293
Aetna Choice POS II
In-Network
Out-ofNetwork
Aetna Choice POS II Plus
In-Network
(888) 238-6293
Out-ofNetwork
(888) 238-6293
Aetna OOA
Aetna
Select
Kaiser
HMO
(888)
238-6293
(888)
851-2386
(301)
468-6000
(800)
777-7902
Deductible
Individual
$1,5001
$8001
$1,6001
$4001
$8001
$400
NA
2-person
$2,6004
$1,6001
$3,2001
$8001
$1,6001
$800
NA
Family
$3,5004
$1,6001
$3,2001
$8001
$1,6001
$800
NA
Annual Out-of-Pocket Maximum
Individual
$3,0003
$5,0003
$3,0003
$6,0003
$2,0003
$4,0003
$2,0003
$1,5003
$1,5003
2-person
$4,5003
$6,5003
$6,0003
$12,0003
$4,0003
$8,0003
$4,0003
$3,0003
$3,0003
Family
$6,0003
$8,0003
$6,0003
$12,0003
$4,0003
$8,0003
$4,0003
$3,0003
$3,0003
Coinsurance %
Plan Pays
80%
60%2
70%
50%2
80%
60%2
70%2
Office Visits
Primary/Specialist
80%
60%
$30/$40
copay
50%
$25/$35
copay
60%
70%
$25/$35
copay
$25/$35
copay
100%4
50%
100%4
60%
100%2
100%
100%
Routine Preventive
Medical Services
100%4
90%
1. The deductible applies to all services with the exception of services designated with copays or 100% percent benefits.
2. Reasonable and customary limits apply to out-of-network services and the Out-of-Area option.
3. Maximum out-of-pocket amount includes deductibles and copays (including prescription drug copays). After reaching the out-of-pocket maximum, the plan pays 100
percent of covered services for the remainder of the plan year.
4. Services not subject to deductible. The cost of preventive care services is covered at 100 percent subject to national standards.
18
Your Health
2015 Summary of Medical Benefits
Aetna HealthFund
Routine Allergy
and all related
services
In-Network
Out-ofNetwork
80%
60%
Aetna Choice POS II
Out-ofNetwork
In-Network
100% after
$30/$40
copay
50%
Copay
depends
on type of
provider
Aetna Choice POS II Plus
In-Network
100% after
$25/$35
copay
Out-ofNetwork
Aetna OOA
60%
70%
Copay
depends
on type of
provider
Aetna
Select
Kaiser
HMO
100% after
$25/$35
copay
100% after
$25/$35
copay
For
injections,
allergy
testing,
and serum
preparation
For
injections
and allergy
testing
Copay
depends
on type of
provider
Inpatient Hospital
and all related
services
80%
Outpatient
Hospital and all
related services
80%
60%
50%
80%
60%
Additional
hospital
deductible
of $150 per
admission
60%
Lab & X-rays
Short-term
Rehabilitation
70%
80%
100%
100%
0% in
deductible
0% in
deductible
80%
coinsurance
60%
coinsurance
Copay
depends
on type of
provider
70%
90% after
$100 copay
per
admission
90%
Additional
hospital
deductible
of $150 per
admission
70%
50%
80%
60%
70%
90%
90%
100%
50%
100%
60%
70%
$35
$35
70%
50%
80%
60%
70%
$35 copay
if approved;
limited to
60 visits per
calendar
year
$35 copay
For inpatient
treatment;
limited to
2 months
For outpatient
rehab;
limited to
90 days
Emergency Room
and all related
services
80%
80%
70%
80%
Benefit paid at 60% for emergency room care for non-emergencies
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
19
70%
$50 copay
per visit
waived if
admitted
$50 copay
per visit
waived if
admitted
Not covered
for nonemergency
use of
emergency
room
N/A
Your Health
2015 Summary of Medical Benefits
Aetna HealthFund
Out-ofNetwork
In-Network
Urgent Care
Services
Aetna Choice POS II
Out-ofNetwork
In-Network
80%
Aetna Choice POS II Plus
In-Network
70%
Out-ofNetwork
80%
Aetna OOA
70%
Benefit paid at 60% for urgent care facility use for non-urgent care
Infertility
80%
60%
70%
50%
80%
60%
70%
Aetna
Select
Kaiser
HMO
$50 copay
per visit
$35 copay
at Kaiser
Permanente
Medical
Center
Not
covered for
non-urgent
use of
urgent care
facility
N/A
See plan specific
enrollment materials
Maximum lifetime benefit $10,000; $2,500 annual maximum for fertility drugs
Durable Medical
Equipment
80%
Inpatient Hospice
Care
80%
60%
60%
70%
70%
Unlimited
50%
50% after
$150 per
admission
copay
80%
80%
60%
60%
70%
70%
$150 per
admission
copay
Lifetime maximum of 180 days
80%
60%
70%
50%
80%
90% after
$100
copay per
admission if
approved by
plan
100%
No Annual
Maximum
90% if
approved
by plan
30-day
lifetime
maximum
(OOA plan has lifetime maximum of 30 days)
Home Health Care
100% of
charges if
approved by
plan
60%
70%
$35 copay if
approved by
plan
90%
60% after
$150 per
admission
copay
70%
90% after
$100
copay per
admission
90% limited
to 100 days
per calendar
year
Limited to 120 visits per calendar year
Skilled Nursing
Facility
80%
60%
70%
50% after
$150 per
admission
copay
80%
Limited to 120 days per calendar year
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
20
Your Health
2015 Summary of Medical Benefits
Aetna HealthFund
Inpatient Mental
Health Treatment
Facility and related
services
Aetna Choice POS II
In-Network
Out-ofNetwork
In-Network
80%
60%
70%
Out-ofNetwork
50% after
$150 per
admission
copay
Aetna Choice POS II Plus
In-Network
80%
Out-ofNetwork
Aetna OOA
Aetna
Select
Kaiser
HMO
60% after
$150 per
admission
copay
70%
90% after
$100
copay per
admission
90% for
medically
necessary
admissions
60% after
$150 per
admission
copay
70%
90% after
$100 copay
per
admission
90%
60%
70%
$25 copay
$25
copay per
individual
visit
No Limit
Inpatient
Substance Abuse
Treatment Facility
and related
services
80%
60%
70%
50% after
$150 per
admission
copay
80%
No Limit
Outpatient
Mental Health
and Substance
Abuse Treatment
Facility and related
services
80%
60%
$30 copay
50%
$25 copay
$12 copay
per group
visit
If medically
necessary
No Limit
Prescription Drugs
80%
(in-network)
For Generic, Preferred
Brand and Non-Preferred
Brand
Participating pharmacies: (30-day supply)
At Kaiser:
Generic: $10 copay
$15
Generic
Brand Formulary: You pay 30%, $30 minimum/$60 maximum
Brand Non-Formulary: You pay 50%, $50 minimum/$100 maximum
Retail: 30-day supply
Important Note: No coverage available at non-participating pharmacies
Important Note:
No coverage at nonparticipating pharmacies.
Preventive drugs are not
subject to deductible.
$25
Preferred
Brand
$40 Nonpreferred
Brand
Up to 60day supply
At
Participating
Pharmacy:
$20 generic
$45
Preferred
Brand
$60 Nonpreferred
Brand
Up to 60day supply
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
21
Your Health
2015 Summary of Medical Benefits
Aetna HealthFund
In-Network
Mail-Order Drugs
Out-ofNetwork
Aetna Choice POS II
In-Network
80% (in-network)
Out-ofNetwork
Aetna Choice POS II Plus
In-Network
Out-ofNetwork
Aetna OOA
Aetna
Select
Aetna Rx Home Delivery (866) 612-3862 (90-day supply)
Generic: $20 copay
Important Note:
No coverage at nonparticipating pharmacies
Brand Formulary: You pay 30%, $60 minimum/$120 maximum
Brand Non-Formulary: You pay 50%, $100 minimum/$200 maximum
Important Note: No coverage available at non-participating pharmacies
Kaiser
HMO
$15
Generic
$25
Preferred
Brand
$40 Nonpreferred
Brand
90-day
supply
Diabetic Supplies
100%
Participating Pharmacies
0% in deductible
Covered
80% coinsurance
(in-network)
Includes needles, syringes, test strips, lancets and alcohol swabs.
Important Note: No coverage at non-participating pharmacies.
Important Note:
No coverage at nonparticipating pharmacies
80% For
needles and
syringes
at Kaiser
pharmacy
80%
Through
mail order
for chemstrips,
insulin, and
diabetic
supplies
All percentages are amounts paid by the plan unless otherwise noted.
The deductible applies to all services with the exception of in-network office visits and 100 percent benefits.
Medical Plan SPD
See the Medical Plan SPD for definitions and limitations. Every attempt has been
made to ensure that this chart reflects the provisions of the Federal Home Loan
Mortgage Corporation Health Care Plan (of which the Medical Plan is a part).
However, if the information in this chart differs from the provisions of the Health
Care Plan, the Health Care Plan provisions will control. Contact your plan’s member
services with any specific questions.
22
Your Health
Teledoc
Available to Aetna medical plan participants and their
eligible dependents, Teledoc gives you easy access to
affordable, high-quality, non-emergency medical care
Aetna Navigator
If you decide to enroll in one of the Aetna Medical options,
you will have access to the tools and resources through the
Aetna Navigator website at www.aetna.com. For example,
– 24 hours a day, seven days a week - without having
you’ll be able to use the DocFind® tool to look up the rates
to go to the doctor's office.
for many participating physicians:
Medical appointments can be conducted via
Select “Provider Detail” and click on “View Rates
n
for Aetna Members.”
telephone, video (in certain states), or mobile app. The
doctor will work with you to address your symptoms
You will find the actual rates doctors have agreed
n
to receive from Aetna as reimbursement for many
and can prescribe non-narcotic medications, if
widely used services (e.g., office visits, medical
necessary, depending on your diagnosis.
tests and procedures).
Teledoc will charge a $25 per consultation copay for
You can determine your out-of-pocket cost for
n
Aetna Select participants and a $40 copay for all other
the service by applying your deductible, copay
Aetna medical plan participants. For more information
and/or coinsurance.
or to initiate a consultation, contact Teledoc at
(800) TELADOC (835-2362).
Once you’re enrolled, be sure to register with Aetna
Navigator and use the tools available to you to make the
most of your medical coverage.
Vision Coverage
The Vision Plan, administered by UnitedHealthcare
Vision, provides coverage for annual eye exams and
includes specific dollar allowances for frames, lenses,
and contact lenses. Some materials are covered in
full; for others, you will pay the difference between the
allowance and the total cost. You have the option of
using in-network or out-of-network providers, but you
pay more if you use providers outside the network.
For detailed information about the Vision Plan, please
see the Vision Plan SPD, posted on the NetBenefits,
HomeFront, and Total Rewards websites.
Service
23
Participating Provider
Non-Participating Provider
Annual eye exam
Free
$40 benefit
Lenses and frames
$20 copays on standard stock, $130
frame allowance
$65 benefit
Contacts (in lieu of glasses and frames)
$20 copays on standard, $125 allowance
on non-standard
$125 benefit (includes exam, fitting, and
follow-up)
Your Health
Dental Coverage
Regular dental care is an important part of your
overall health. That’s why Freddie Mac offers dental
coverage for you and your eligible family members.
For detailed information on the Dental Plan, including
limitations and exclusions, please see the Dental Plan
SPD, posted on the NetBenefits, HomeFront, and
Total Rewards websites.
Our Dental Plan provides coverage for a wide variety
of dental services, including:
■■
Preventive care — including routine exams,
X-rays and cleanings
■■
Basic care — including fillings
■■
Major care — including crowns, bridgework,
Are you considering enrolling in the
Health Care Spending Account to help
pay for orthodontia costs?
If so, please reference Aetna’s “Orthodontia
Claim Reimbursement Guidelines” on HomeFront
for helpful information.
and dentures
■■
Orthodontia — coverage to age 19
The Dental Plan is a Preferred Provider Organization
(PPO) plan administered by Aetna. You may
see any licensed provider you choose, but your
benefits are greater when you use a dentist within the
Aetna network.
Covered Service
Aetna Dental PPO
Annual Deductible*
Participant Only = $100
Participant + One = $200
Participant + Family = $300
Preventive care** (exams, cleanings)
100% (no deductible)
Basic Care** (fillings, extractions)
80%
Major Care** (crowns, bridges)
50%
Orthodontia (for covered children up to age 19)
50% (no deductible)
Calendar Year Maximum (not including orthodontia)
$2,000
Lifetime Orthodontia Maximum
$2,000
* Does not apply to preventive care or orthodontia
** Reasonable and Customary (R&C) charges apply
24
Your Money
Freddie Mac is proud to offer a variety of ways to help you
save and invest your money, plan for your retirement,
and provide insurance protection.
We offer you a Thrift/401(k) Savings Plan with company
contributions to enhance your retirement savings, and
disability benefits and income protection insurance to give
you financial security if the unexpected happens. We also
provide disability and basic life and accident coverage at
no cost to you, and give you the opportunity to purchase
additional coverage.
We encourage you to use the benefit programs Freddie
Mac offers to help you preserve and grow your financial
resources. ��
25
Saving, Investment & Retirement
Freddie Mac is committed to offering plans that
approximately 45 days after your hire date. Enrollment
provide valuable benefits for our employees. These
is automatic unless you actively make changes or
include a high-quality retirement plan such as the
opt out by calling the Freddie Mac Benefits Center or
Thrift/401(k) Savings Plan. For further information on
accessing NetBenefits.
these plans, please refer to the applicable SPDs and
You may change your contribution percentage rate
program summaries, which can be located on the
NetBenefits, HomeFront, or Total Rewards websites.
to up to 25 percent of your pay on a pre-tax basis,
after-tax basis (Roth), or combination of the two, and
you can choose to invest in any or all of the Plan’s
Thrift/401(k) Savings Plan
The Thrift/401(k) Savings Plan allows you to increase
your retirement income through tax-deferred savings.
You become eligible to make contributions
shortly after your date of employment. You will
be automatically enrolled in the Plan at a pre-tax
contribution rate of three percent of eligible pay that
investment options. You will receive information
from Fidelity regarding the Thrift/401(k) Savings Plan
separate from this booklet.
After completing one year of service with Freddie Mac,
you are eligible to receive matching contributions and
annual fixed contributions as described below.
■■
Matching Contributions (Freddie Mac Match).
will be invested in the age-appropriate Vanguard
Each pay period, Freddie Mac will match your Plan
Target Retirement Fund if you do not take any action
contributions dollar-for-dollar (100 percent), up to
(i.e. make an active investment election during
the first 6 percent of eligible pay you contribute.
the prescribed period). Contributions will begin
26
Your Money
If you contribute less than 6 percent of eligible
■■
You may be able to roll over a distribution from a
pay, you will be missing out on the full value of the
previous employer’s eligible retirement plan into your
dollars Freddie Mac offers to help you enhance
Thrift/401(k) Savings Plan account, subject to certain
your retirement savings. Please consider taking full
rules. The Plan also has loan and hardship withdrawal
advantage of the Freddie Mac Match.
features (Plan and IRS restrictions apply).
Fixed Employer Contribution. Freddie Mac will
To change your investment options or get information
make an annual contribution to your Plan account
on rollovers, loans and withdrawals, visit the
of 2.5 percent of eligible pay.
NetBenefits site. You can also go to NetBenefits to
change your contribution percentage, view your online
You are fully and immediately vested in your
contributions, the Freddie Mac Match, and the Fixed
Employer Contribution.
statement or order prospectuses
You can access the NetBenefits site at any time
via HomeFront, the Total Rewards site, or by going
directly to http://netbenefits.fidelity.com. You may
Managing your Plan Account
also contact the Freddie Mac Benefits Center at
The Thrift/401(k) Savings Plan currently offers a variety
(800) 431-2363.
of funds in which you may invest. Information on
each fund and its performance is available when you
first enroll in the Plan. Up-to-date fund information,
including the most recent prospectuses, information
regarding fees, performance reports, etc., is available
from the Freddie Mac Benefits Center.
�� Generous
401(k) Match for
Eligible Employees
After you complete one-year of service, Freddie Mac offers a
dollar-for-dollar match up to 6 percent of your eligible pay that you
contribute to the Plan.
27
Your Money
Flexible Spending Accounts
However, if you intend to use your HCSA contributions
You can take advantage of pre-tax Flexible Spending
Accounts (FSAs) to save money on eligible expenses.
There are two types of FSAs:
■■
for something specific (e.g., eyeglasses, Lasik surgery)
or if you have coverage under another plan that
requires coordination of benefits, you must call the
Freddie Mac Benefits Center at (800) 431-2363 to
Health Care Spending Account (HCSA),
opt out.
which you can use for eligible expenses that your
Medical, Dental, and Vision Plans do not cover
■■
or cover only in part, including deductibles and
FSA Calculator
copayments. You may enroll in the HCSA even
Need help in estimating your Flexible Spending Account
if you do not have medical, dental, and/or vision
contributions? The FSA Calculator is an online tool that
coverage through Freddie Mac.
can be used to calculate annual contributions to a Health
Dependent Care Spending Account (DCSA),
as well as estimate your tax savings. The FSA Calculator
which you can use for eligible expenses related
is available on NetBenefits.
Care and/or Dependent Care Flexible Spending Account,
to child or other dependent care (such as care
for an elderly parent or disabled dependent) that
enables you (and your spouse, if married) to work
The IRS specifies the maximum DCSA reimbursement
or attend school full time. It does not include
that can be excluded from income based on your
educational expenses.
federal filing status. The plan limits are the same as
the IRS limits. Please read the Dependent Care Plan
Because you pay for eligible expenses on a pre-tax
Summary located on HomeFront, NetBenefits, or the
basis, you reduce your taxable income, which saves
Total Rewards websites for additional information
you money. You can choose to contribute to one or
about contribution limits.
both accounts through convenient payroll deductions.
Under the HCSA, Freddie Mac provides automatic
reimbursement if you participate in an Aetna Medical
or Dental option. This means that when you file a
medical or dental claim to be reimbursed for services
from Aetna, you will not need to file a separate claim
for reimbursement from your HCSA; a reimbursement
Both the HCSA and DCSA accounts have certain
minimum and maximum contribution amounts, as
shown in the chart below. You decide how much to
contribute to your account(s) by estimating how much
you expect your health care and/or dependent care
expenses to be during the calendar year.
request will be automatically forwarded to Aetna.
Minimum Contribution
Maximum Contribution
Health Care Spending Account
$260 per year
$2,500 per year
Dependent Care Spending Account
$650 per year
$5,000 per year
The IRS specifies the maximum DCSA reimbursement that can be excluded from income based on your federal filing status. The plan limits are
the same as the IRS limits. Please read the Dependent Care Plan Summary located on HomeFront or on the NetBenefits or Total Rewards sites
for additional information about contribution limits.
28
Your Money
While spending accounts can save you money
you did not use up all of your contributions before
on taxes, you should be aware of the following
the end of the plan year. This allows you a longer
restrictions before enrolling in one or both accounts:
period of time within which to incur and pay for
■■
eligible expenses before any amounts are forfeited
All expenses for which you request reimbursement
under the “use-it-or-lose-it” rule.
must be incurred on or after your participation
begins. Your participation begins on the first day
■■
receives your claims, in good order, by March 31.
of the first pay period in which payroll deductions
Claims received by Aetna after March 31 will not be
commence.
■■
your DCSA.
■■
accepted — with no exceptions.
You must obtain your daycare provider’s tax ID or
Social Security Number to access the money in
You will have until March 31 of each year to submit
claims for reimbursement of all eligible expenses
incurred Jan. 1 through Dec. 31 of the previous
plan year, and any additional expenses incurred
through March 15 of the current calendar year if
�� Flexible
It is your responsibility to make sure that Aetna
■■
If you do not incur enough expenses to use all
the contributions you make to your account(s)
by March 15 following the end of the plan year
for which the contributions are made, the IRS
requires you to forfeit any remaining balance in
your account. You cannot receive a refund, carry
balances over to pay for next year’s expenses, or
transfer money from one account to another.
Spending Accounts
Did you know that you can arrange to have your reimbursements
directly deposited into any bank account you wish? Simply
login at www.aetna.com and click "Access Your Account" under
Flexible Spending Account, then click "Direct Deposit". Once
processed, reimbursement will be credited to the designated
account versus receiving a check via mail.
For more important information about restrictions, coverage
limitations, and tax implications of Flexible Spending Accounts,
refer to the Health Care and Dependent Care descriptions located
on the NetBenefits, HomeFront, and Total Rewards websites.
29
Your Money
Income Protection Benefits
Providing protection from the unexpected for you
Long-Term Disability (LTD) Coverage
and your family is an important part of Freddie
LTD coverage pays benefits if you are unable to work
Mac’s benefits. Freddie Mac provides short-term
due to an approved disability for more than 180 days.
disability (STD) and long-term disability (LTD)
Freddie Mac provides you with Core LTD coverage at
income protection; life insurance; accidental death &
no cost to you. Core LTD coverage provides benefits
personal loss (AD&PL) insurance and business travel
equal to 60 percent of your basic monthly earnings,
accident (BTA) coverage.
up to a maximum monthly benefit of $20,000 less any
offsetting income as described in the LTD SPD.
Disability Coverage
You may also elect to purchase an additional 10
A disabling illness or injury can be financially
percent of LTD coverage, bringing your total LTD
devastating. That’s why Freddie Mac provides you
coverage to 70 percent of your basic monthly
with disability coverage to provide replacement
earnings, up to a maximum monthly benefit of
income if you are unable to work due to an eligible
$20,000, less any offsetting income as described in
non-work-related injury or illness.
the LTD SPD. You pay for the cost of your additional
LTD coverage on an after-tax basis. The LTD Plan has
limitations relating to a pre-existing condition. This
Short-Term Disability (STD) Coverage
limitation applies to both the Core and additional LTD
STD coverage protects your income up to the first
coverage. For additional information, please refer to
180 days of disability. There is no cost to you for this
the LTD SPD.
coverage. STD benefits will be based on your length of
service at Freddie Mac and the length of time you are
unable to work because of your disability, as shown in
chart below.
Short-Term Disability Benefits (as a percentage of base pay)
Length of Service
Days 7* through 90
Days 91 through 180
Six months or less*
80%
60%
More than six months
100%
80%
* Days one to six charged to available leave
30
Your Money
Group Term Life (GTL) Insurance
You are covered for Core GTL insurance at one times
Aetna’s Group Universal Life (GUL)
Insurance Program
your annual base pay at no cost to you. Other income,
Depending on your personal situation, you may
such as overtime, bonuses, commissions, long-term
decide that you need additional life insurance
supplemental payments, shift differentials, relocation
protection, or you may wish to elect coverage for
reimbursement, or other compensation is excluded
your eligible family members through the Aetna
when determining your annual base pay.
Group Universal Life (GUL) Insurance Program.
You may purchase additional GTL Insurance coverage
for one or two times your annual base pay. The
maximum coverage amount for your Core and
For more information, see the program description
on the Reference Library tab on the NetBenefits,
HomeFront, or Total Rewards websites.
Additional GTL coverage combined is $1,000,000.
With GUL coverage, you may choose between:
Evidence of insurability (EOI, or proof of good
■■
Term life insurance, which enables you to
health) is not required for newly hired employees
purchase additional life insurance protection on an
if you elect additional GTL when you first become
after-tax basis at affordable group rates for yourself
eligible. You must provide EOI if you wish to increase
and/or your eligible family members.
your coverage amount during subsequent Annual
Enrollment periods. Increases due to a status change
■■
Universal life insurance, which enables you
to combine the after-tax purchase of affordable
are not subject to EOI. Any coverage above $50,000
term life insurance protection with a special tax-
is taxable to you as imputed income.
advantaged Cash Accumulation Fund (CAF) for
you and/or your spouse or same-sex domestic
Accidental Death & Personal Loss
(AD&PL) Insurance
partner. With the CAF, you can make contributions
AD&PL insurance provides benefits in the event
insurance coverage. You may take loans or make
that you die or become dismembered due to
withdrawals from your CAF or use these funds
an accident. You are covered for Core AD&PL
to make future premium payments. The Internal
coverage of one times your annual base pay at no
Revenue Service (IRS) limits the amount you can
cost to you. You may purchase Additional AD&PL
contribute.
in addition to the monthly premium for the term life
coverage for one, two, or three times your annual
base pay, up to $1,000,000. Other income, such
as overtime, bonuses, commissions, long-term
You may elect GUL coverage for:
■■
supplemental payments, shift differentials, relocation
salary, up to a maximum of $750,000.
reimbursements, or other compensation is excluded
when determining your annual base pay. EOI is not
Yourself, for one to five times your annual base
■■
For your spouse or domestic partner under
age 65, in increments of $10,000, up to a
required for AD&PL coverage.
maximum of $50,000. For amounts above
$30,000, or if coverage is increased during
Annual Enrollment, your spouse or domestic
Life and AD&PL Coverage
partner must complete an EOI form, which
For information on Life and AD&PL insurance coverage,
refer to the Reference Library tab on NetBenefits, or to the
you can find on NetBenefits, or on the Flexible
SPD available on the Health Care & Insurance page on
Benefits page on HomeFront.
HomeFront or the Total Rewards site.
■■
For your children, $10,000 of coverage for each
child. Your cost remains the same, regardless of
31
Your Money
how many children you cover. (You and/or your
Spouse or domestic partner coverage is limited to the
spouse or domestic partner must participate
plan maximum of $50,000. Child coverage is limited
in GUL in order to purchase coverage for your
to a maximum of $10,000; also, if you do not elect
children). You pay for the cost of any GUL
coverage for yourself, spouse or domestic partner, you
coverage you elect through convenient after-tax
may not elect child coverage.
payroll deductions.
EOI is required as follows:
Business Travel Accident (BTA) Insurance
Freddie Mac’s BTA insurance provides employee-only
New Hires
■■
■■
If you elect coverage greater than $200,000
while traveling on company business. Freddie Mac
for yourself.
pays the full cost of this coverage. Benefits you may
If you elect coverage greater than $30,000 for
your spouse or domestic partner.
Annual Enrollment or Status Changes
■■
If you elect coverage for the first time or
increase current coverage for yourself.
■■
coverage for accidental death or dismemberment
receive under this Plan are in addition to any benefits
received from Freddie Mac’s GTL, AD&PL, or Aetna’s
GUL Insurance Plan.
Beneficiary Information
When you become eligible for Life, AD&PL, and BTA
Insurance, and for the Thrift/401(k) Savings Plan you
If you elect coverage for the first time or
will need to designate a beneficiary(ies), the person
increase current coverage for your spouse or
or persons who will receive benefits in the event of
domestic partner.
your death. You may name, add, or change your
The EOI form is available on the NetBenefits or
HomeFront websites. You may also be required to
complete a physical exam. Cross coverage is NOT
PERMITTED under the Program. If you and your
spouse or domestic partner both work at Freddie
Mac (or if your spouse or domestic partner formerly
worked at Freddie Mac and continued his/her coverage
directly with Aetna and is paying Aetna directly for that
coverage), you may not enroll your spouse or domestic
partner in life coverage under your plan if your spouse
or domestic partner has coverage or is electing the
employee life coverage for him/herself under his/her
plan. If you decide you want to enroll your spouse or
domestic partner in life coverage under your plan, your
spouse or domestic partner may not have the employee
life coverage for him/herself. For child life coverage, only
one of you may elect the child-life benefit.
For Texas residents only: Your spouse or domestic
partner and child coverage may not exceed more than
100 percent of the amount of your GUL coverage.
beneficiary(ies) at any time. To do so, simply log
on to NetBenefits, click Your Profile, then click the
Beneficiaries link in the About You section. To designate
a beneficiary for GUL (Spouse/Domestic Partner), you
must complete a separate form which may be obtained
on the NetBenefits, HomeFront and Total Rewards
websites.
Customer Service Link
The Customer Service Link is an online NetBenefits
tool with several features to address your health and
insurance questions. “Commonly Asked Questions”
includes approximately 90 of the most frequently asked
questions and their answers. The “Service Request”
feature allows you to submit an online request for
certain services. You will find a service representative’s
response to your request in the Meeting Center.
“Technical Help” provides answers to questions related
to using the Web. To access customer service, click
the link at the top of the “Health & Insurance” tab.
32
Your Time
Freddie Mac believes that time off is important to
employees’ work/life balance. At Freddie Mac, our
generous leave program provides such employees with a
minimum of 10 core vacation days and four discretionary
holidays, in addition to eight scheduled federal holidays,
for a total of at least 22 days of leave. To further enhance
work/life balance, starting in their second calendar year of
employment, employees have the option to purchase up to
five additional vacation days for the next calendar year. ��
33
Time Away From Work
Freddie Mac has a wide range of paid time-off
Level
Number of Vacation Days
Officers
20 days
Senior Level Hires
and Above
15 days
Professional Level
Hires and Below
10 days
programs. The following is a brief explanation
of these programs. For more information about
vacation, holidays, and sick leave, please see the
policies on HomeFront.
Vacation Time
Freddie Mac provides core vacation days to eligible
employees as defined below or in Vacation Policy No.
3-233 located on HomeFront. There are maximum
payout and carryover rules for most employees, so
you should plan carefully.
Note: If you are a rehire, your prior service will be
counted towards the number of core days you may
receive after your first calendar year of service. Please
check with your recruiter and/or hiring manager regarding
core vacation leave.
Vacation Options
Freddie Mac offers vacation leave, based on level
and years of service. In your first year of employment,
you will receive the following number of core days,
prorated based on hire date. You will be able to
purchase up to five additional vacation days for the
2016 plan year.
34
Your Time
Holidays
Sick Leave
Freddie Mac observes eight scheduled federal
Full-time employees receive eight days of sick leave
holidays and four discretionary holidays each year.
each year. Carried-over sick leave is capped at
The number of discretionary holidays you receive in
seven days for a maximum of 15 sick days. Part-time
your first year will depend on when you start with
employees receive five days of sick leave per calendar
the company:
year and may carry over a prorated amount of days
■■
If you are hired in the first quarter, you will receive
all four discretionary holidays.
■■
of an illness in your immediate family.
If you are hired in the third quarter, you will receive
two discretionary holidays.
■■
use up to four days of sick leave per year in the event
If you are hired in the second quarter, you will
receive three discretionary holidays.
■■
based on regularly scheduled work hours. You may
Family Medical Leave
The Family Medical Leave Act (FMLA) permits eligible
employees to use up to 12 weeks of unpaid leave
If you are hired in the fourth quarter, you will receive
upon the occurrence of an employee’s serious health
one discretionary holiday.
condition, to care for an eligible family member or due
If you wish to observe a holiday that is not on the
company’s schedule, or simply take a day off, you
to a qualifying exigency.
may use a discretionary holiday or your vacation time,
Parental Leave
with your supervisor’s approval. Discretionary holidays
Eligible employees can take up to three weeks of paid
do not carry over to the new year.
leave if you are the spouse or domestic partner of a
woman who gives birth.
�� Flexible Work Arrangement Daniel’s Story
Daniel lives 60 miles from the McLean, VA office where he
reports for work. He spends over 15 hours in his car each week
commuting to and from work. To reduce his weekly commute
time and maximize his workday, Daniel’s manager allows him to
telework from home two days each week under Freddie Mac's
Flexible Work Arrangements program.
35
Your Time
Short-Term Disability Leave
Jury Duty Leave
STD coverage provides benefits when you need to
Provides employees leave for jury duty or to comply
be absent from work for a period of more than six
with a subpoena or court order. Should you be asked
consecutive work days and up to 180 calendar days
to serve on jury duty, you should notify your supervisor
if the absence is related to your illness or injury and is
so arrangements may be made for your absence.
approved by the Wellness Center. There is a six work
day waiting period during which time you must use
your available leave. STD benefits are paid to you the
same as your regular pay, with applicable taxes and
regular payroll deductions withheld.
Adoption Leave
Eligible employees can take up to 30 business days
of paid leave to care for a newly adopted child. Paid
adoption leave can be taken in whole-day increments
either consecutively or intermittently, but all such paid
leave must be taken within 12 weeks from the date
the adoption is finalized or the placement for adoption,
whichever occurs first.
To be eligible for adoption leave, an employee must
have twelve months of service and be the adopted
child’s primary caregiver during the leave period.
Bereavement Leave
Freddie Mac will provide up to three days of paid leave
in the event of a death in your immediate family or
someone who lives in your household.
Military Leave
Freddie Mac employees are entitled to take leave
from their Freddie Mac employment to serve in the
Uniformed Services consistent with the requirements
of the Uniformed Services Employment and
Reemployment Rights Act. The continuation of
benefits during military leave and the right to be reemployed upon completion of such leave depend on
a number of circumstances, including the duration of
the leave.
36
Your Life
Data shows that most of us spend more than 20 minutes
waiting in a doctor’s office for a scheduled visit. But this
isn’t your only option. Feel sick during the workday?
Need an allergy shot? Visit Freddie Mac’s on-site
Wellness Center, and reclaim your precious time. ��
37
Work/Life
Whether it’s a desire to own your first home, further
basis (up to 40% of the workweek) and/or on an
your formal education, the need to take care of
ad hoc basis
an elderly parent, or a personal problem for which
■■
you require assistance, we all face the challenge of
work more hours per day but fewer days within a
balancing our professional and personal lives. To help
one- or two-week period
you manage life’s demands, Freddie Mac offers a
variety of work/life programs and benefits. In addition
■■
Alternative Work Schedule – allows employees to
begin and end their workday at non-standard times
to the brief summary that follows, visit HomeFront for
within a standard workday
more information.
■■
Flexible Work Arrangements
Compressed Work Week – allows employees to
Part-Time – allows an employee to receive
prorated compensation for working a structured
and reduced schedule
As a company benefit, Flexible Work Arrangements
(FWAs) allow employees to better balance work
If you are interested in a FWA, speak with your
and life demands, while supporting the needs of
manager about the options that may be available to
the business.
you. You should also refer to Corporate Policy 3-241,
Freddie Mac offers four types of FWAs:
which is available on HomeFront.
■■
Teleworking – allows employees to work at
home or at another remote location other than
their central Freddie Mac site on a scheduled
38
Your Life
Freddie Mac Wellness Center
Back-Up Child/Elder Care
The Freddie Mac Wellness Center is an on-site health
Back-Up Child/Elder Care services may be available
clinic staffed by dedicated health professionals who
whenever your regular providers are unavailable.
provide urgent and preventive care services at no
cost to Freddie Mac regular full-time and part-time
You can use the back-up services center:
employees.
■■
If your regular provider is ill or on holiday
Services include:
■■
To support flexible work arrangements
■■
When schools are closed
■■
Preventive physical exams
■■
Immunizations (including flu shots and allergy
The following services are also available:
injections)
■■
In-home back-up child care
■■
Nutritional counseling
■■
In-home back-up care for mildly ill children
■■
Vision and hearing screenings
■■
In-home back-up care for adult/elder care
■■
Laboratory testing (including thyroid function,
You can use this benefit up to 20 days per year;
complete blood count, etc.)
■■
however, you cannot use it for more than five
Skin checks and much more!
consecutive days. Users of these services pay $20
The Wellness Center is located at 8200 Jones
Branch Drive, McLean, VA 22102. You may contact
the Wellness Center at (703) 903-2844. For more
information about the Wellness Center, please go to
the Wellness Center site on HomeFront.
The Wellness Center should not be used in place of
per day for center based services and $40 per day
for in-home based services; Freddie Mac subsidizes
the majority of the cost. For more information about
this program, including eligibility requirements and
enrollment procedures, please visit the Back-up Child/
Elder Care site on HomeFront.
your Primary Care Physician.
�� Educational Assistance Program Monica’s Story
Monica joined Freddie Mac as a full-time employee in January
2010. In April, she decided she’d like to go to school at night for
an accounting degree but thought she couldn’t afford it. Then,
Monica learned she was eligible for the company’s Educational
Assistance Program, which would reimburse her up to $5,250
annually for eligible expenses. Monica applied and was accepted
to Georgetown University and was able to sucessfully utilize the
education reimbursement program with her manager’s approval.
39
Your Life
Employee Assistance Program
cannot be a stepchild or other family member.
While it’s easy to solve some personal problems on
Upon completion of the legal adoption process,
your own, there may be times when professional
you may apply for reimbursement for certain eligible
assistance can make a big difference. Our Employee
expenses, including:
Assistance Program (EAP) is designed to provide free,
■■
Adoption agency fees
members during those times.
■■
Court and legal fees
Freddie Mac's on-site EAP can help with a wide range
■■
Medical exam expenses not covered by your
confidential assistance to you and your eligible family
of issues, including marital or relationship problems,
health insurance plan, if required as part of the
emotional difficulties and stress, drug and alcohol
adoption process
dependency, legal resources and family problems. You
■■
Travel required to transport the child and an
are encouraged to take advantage of this program
escort to your home, or the cost for you and
whenever you have a problem that affects your home
your spouse to pick up the child, if necessary
or work life. For more information, you may call the
EAP at (703) 903-2584 (in the mid-Atlantic area) or
Freddie Mac offers financial assistance of up to
(800) 247-3054; you may also read the program
$10,000 for an adoption. If the adoption is finalized
description on HomeFront.
before you complete one year of employment, you
must satisfy the one-year service requirement before
Lactation Program
The Freddie Mac Work Site Lactation Program
provides support to female employees who want
to work and maintain a successful breastfeeding
relationship with their children. The program includes
these main components:
■■
Telephone support following the birth of a child
and return-to-work consultation
■■
finalized prior to your date of hire are excluded.
For more information about this program, contact the
Freddie Mac Benefits Center at (800) 431-2363 and/
or see the program description on the NetBenefits,
HomeFront, or Total Rewards websites. For
information on adoption leave, see page 38.
Prenatal breastfeeding classes (including
discounts on a breast pump)
■■
requesting reimbursement. Adoptions that were
Home Benefit Program
Through the Home Benefit Program, Freddie Mac
employees who are first-time homebuyers and meet
Lactation rooms located throughout Freddie
certain eligibility criteria can receive up to $12,000 to
Mac offices
cover down payment and eligible closing costs, such
as loan origination fees and discount points.
For more information about this Program, including
eligibility requirements, please read the Program
Summary located on HomeFront.
The Home Benefit Program also provides employees
with important educational information about homebuying and homeownership. For more information
about this program, including eligibility requirements,
Adoption Expense Reimbursement
Program
please read the Program Summary and Frequently
Freddie Mac provides financial assistance to eligible
Program site on HomeFront.
Asked Questions located on the Home Benefit
employees who adopt a child. The child you adopt
must be a formerly unrelated child under age 18 and
40
Your Life
Educational Assistance Program
Transportation Benefit
To support you in continuing your formal education,
Through the WageWorks® Commuter Benefits
Freddie Mac offers reimbursement for accredited
Program, employees who take public transportation
college, university, or certification courses that will
to work, ride in a vanpool, or park near public
enhance your skills in your present position or prepare
transportation can use pre-tax dollars to purchase
you for a realistic future assignment with Freddie Mac.
transit passes each month and receive free home
You may be reimbursed up to $5,250 per year
delivery of monthly passes and vouchers. For more
(prorated if you are a part-time employee working
fewer than 38.75 hours per week) for eligible
expenses, including:
■■
Registration fees
■■
Required textbooks
■■
Tuition
■■
Lab fees
■■
Courses leading to a certification
All reimbursements are based on the grade you
receive (no reimbursement is available for grades
below a C or for certificate programs):
■■
Undergraduate programs: 100 percent for a
C or better
■■
Graduate programs: 100 percent for a B or
better; 50 percent for a C
For more information about the Program, including tax
implications and reimbursement exclusions, review
the summary that is located on the NetBenefits,
HomeFront, or Total Rewards websites, or contact
the Freddie Mac Benefits Center at (800) 431-2363 to
speak to a representative.
41
information about this program, please visit the
WageWorks Commuter Benefits Program site on
HomeFront.
Your Life
Fitness Center and Regional Health Club
Reimbursement
The home office fitness center facilities are convenient
for employees located in the McLean offices to use.
For employees who work outside of our McLean
offices and work more than 20 hours a week, Freddie
Mac offers reimbursement for health club membership
dues of up to $350 per year. This program allows
you to join the health club of your choice. For more
information, go to the benefits page on HomeFront.
Wellness Works Tools
In addition to offering a range of Medical Plan options,
Freddie Mac provides you with health and wellness
programs and resources, such as the Wellness Center
and the regional health club reimbursement, to help you
lead a healthier life.
��
Home Benefit Program
Eligible employees may receive a benefit amount of up to
$12,000. Eligible employees are those who have at least one
year of service; work 20 or more hours a week; are in good
standing; whose annual salary is $85,000 or less; and who
have participated in the CreditSmart Online Training Course.
Education topics include building and maintaining better
credit, making sound financial decisions, and understanding
the steps to sustainable homeownership.
42
In Closing
Throughout this brochure, we’ve provided an overview
of the range of benefits available to employees.
At Freddie Mac, we respect your goals to protect
and enhance your personal and professional life,
your health, your money, and your time. We’re striving
to be an employer that helps you meet these goals.
Flexibility is vital as you juggle multiple demands and
responsibilities, and your benefits needs shift over time.
The following contains important additional information
about making changes to benefits for which you enroll,
and amenities that improve the quality of your life. ��
Making Changes to Your Coverage
43
Once you have enrolled in your flexible benefits, your
The benefits you choose during Annual Enrollment
elections remain in effect through Dec. 31 of the
are effective for the next full plan year (Jan. 1 through
applicable plan year (Jan. 1 through Dec. 31). You may
Dec. 31), unless you experience a status change.
re-enroll or make changes to your benefits only:
If, after reviewing your current elections, you do
not wish to make any changes for the next year,
■■
During Annual Enrollment
■■
If you experience a status change
automatically continue into the next plan year at the
■■
If you qualify for a special enrollment period as
next year’s contribution rates, as applicable. It is your
described in the applicable Freddie Mac SPDs
responsibility to review and update, as necessary,
no action is necessary. Your current elections will
your elections each year during Annual Enrollment.
Annual Enrollment
From time to time, your benefit needs may change.
That’s why, in addition to enrolling when you first
become eligible, you have the opportunity to make
certain changes to your benefits near the end of each
year during Annual Enrollment.
During Annual Enrollment, you may choose to retain
or make new benefit elections for the upcoming plan
year. If you decide to make new elections, you may
also change your coverage level for those programs
that allow you to cover eligible family members.
44
In Closing
Status Changes
Outside of Annual Enrollment, you may only change
your benefit elections or covered family members if
you experience a status change. These events vary
from plan to plan and are detailed in the SPDs. They
may include:
■■
■■
■■
■■
deadline, you will not be allowed to make the change
until the next Annual Enrollment. Any corresponding
change in the amount you contribute toward the
cost of coverage (for example, from Participant
Only to Participant Plus Family coverage) becomes
effective as soon as administratively possible, and
separation, annulment)
your contribution will be adjusted in the next available
If your spouse’s Annual Enrollment period
pay cycle. Such contribution changes are typically
differs from Freddie Mac’s Annual Enrollment
reflected in your pay advice in approximately one or
A change in domestic partner status
two payroll cycles. No retroactive contributions or
pay adjustments or retroactive changes to FlexDollars
will be made under any circumstances. If, as a result
A change in the number of your eligible family
of the status change, you are required to provide
members (birth, death, adoption, placement
evidence of insurability (EOI) — or proof of good
for adoption)
health — the change becomes effective on the date
A change in employment status (termination
your coverage is approved.
your spouse’s employment)
A change in dependent care
If you need to make a change to your benefit
elections as a result of a status change, log on to
http://netbenefits fidelity com, or call the Freddie
Mac Benefits Center at (800) 431-2363. You must
make any changes to your elections within 30 days
of the event, and any election change you make must
be consistent with the nature of the status change.
For example, if you currently have Participant Plus
One coverage and you would like Participant Plus
Family coverage because of the birth of a child, you
must add the new family member by going online to
www.netbenefits.com or by calling the Freddie Mac
Benefits Center at (800) 431-2363 within 30 days
of the event. Calling your carrier does not satisfy
this requirement.
45
event and will be denied. If you miss the 30-day
(marriage, divorce, death of a spouse, legal
or commencement of your employment or
■■
changes will not be considered “on account of” the
A change in your legal marital status
(gain or loss)
■■
After the 30-day deadline, requests for election
In Closing
Appeals
Once you enroll or are assigned default benefits for a
You may mail your appeal to the Benefits electronic
particular year, your benefits elections stay in effect
mailbox ([email protected]) or send it via
for the duration of the plan year. Compliance with
U.S. mail to the following address:
this IRS requirement helps ensure that the pre-tax
dollars you use to buy cafeteria plan benefits remain
nontaxable. If you believe you have been adversely
Freddie Mac
affected by a decision of Freddie Mac concerning
Appeals Committee, MS A33
your flexible benefits enrollment, you can request a
8250 Jones Branch Drive
review of the decision by the Freddie Mac Flexible
McLean, VA 22102
Benefits Plan Appeals Committee. The Committee’s
sole purpose is to review appeals concerning
enrollment, and to evaluate such appeals in the
The Appeals Committee will review and decide on
context of the status changes discussed earlier in
your appeal normally within 30 days of the date you
this brochure. This request must be made within
submit your appeal. If additional time is required, you
30 days of Freddie Mac’s decision concerning your
will be notified of the delay.
enrollment, or you will lose your right to appeal.
You must make the request in writing. The request
must also contain all information, issues, and other
documentation needed to support your position.
46
In Closing
In Addition
We’re delighted to provide you with the excellent
Your Health
benefits package outlined in this booklet. It’s also our
pleasure to provide you with additional offerings that
■■
Wellness seminars
enhance your health, your money, your time, and your
life. These are additional benefits for which you don’t
have to enroll. Take a look at the information below
and see the possibilities.
On a busy day, you can grab dinner to go and don’t
have to stop on the way home to pick up your dry
cleaning or mail a package. You can make contacts
and give and receive support as part of an Employee
Your Money
■■
ATM machines
■■
Employee Referral Awards
Your Time
■■
Network Group. You can explore company-sponsored
training and professional development that prepare
you to contribute fully and take advantage of growth
opportunities. You can give back to the community
Your Life
■■
Business casual dress
matching charitable contributions.
■■
Dry cleaning services
Freddie Mac is glad to have you as part of the team.
■■
Food-to-go
■■
Mail services
■■
Service and Recognition Program
■■
Employee Network Groups
■■
Training and career development
■■
Pre-tax Transportation Benefit
by taking advantage of our volunteer program and
We’re proud of our mission to make home possible
for millions of America’s families; our inclusive culture
and our commitment to diversity; and our employees’
talent and dedication. Welcome!
47
Volunteer Program
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51
This booklet provides very general information about numerous Freddie Mac plans, programs, policies, and procedures. For more detailed information,
including (but not limited to) information about limitations, enrollment, waiting period and eligibility, you should refer directly to those plans, programs,
policies, and procedures (the “documents”). In the event of a conflict between this booklet and those documents, those documents will control. This
booklet is not, nor is it intended to be, a Summary Plan Description (SPD). SPDs for certain benefit plans can be found on HomeFront or under the
Reference Library tab on NetBenefits. The language used in this booklet is not intended to create, should not be construed to create, and shall not
be deemed to constitute, a contract between Freddie Mac, and/or any one of Freddie Mac’s employees, former employees, or any person who may
be rendering services to Freddie Mac at any time (including, but not limited to, individuals classified or treated as independent contractors and/or
employment service temporaries). Freddie Mac reserves the right to amend, suspend, terminate, or modify any of the underlying plans, programs,
policies, and procedures described in this booklet, the documents relating thereto, or this booklet itself, at any time.
8200 Jones Branch Drive, McLean, Virginia 22102
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www.FreddieMac.com