== STORM aa flex 2016 REPORT A Review of Flexible Benefits Trends Reflected by STORM Flex Users2 | About the Report 04 | Program Design 06 | Enrollment Behavior 08 | Availment Behavior 09 | Conclusion 2016 STORM FLEX REPORT | 01ABOUT THE dk Ol ae STORM is the leading provider of flexible benefits in the Philippines. The 2016 STORM Flex Report is the consolidation of flexible benefits data gathered from twelve employers utilizing the STORM Flex platform, summing up to 4,679 employees. FLEXIBLE BENEFITS DEFINED Flexible benefits, previously known as the cafeteria plan, is a benefits scheme where employees are given a defined benefits budget that they can allocate to benefit types that they choose to avail The spectrum of flexible benefits plans range from modular plans with predetermined bundles to flexible spending accounts, ABOUT STORM FLEX STORM Flex is a flexible benefits platform operating on a marketplace model. Employees have a standard benefits package with a combination of core benefits and source benefits. Core benefits are fixed and not subject to change, while source benefits can be enrolled through the company's flexible benefits program. Employees can then convert their source benefits into flexpoints used to avail of items and services from STORM's online Benefits Store. HOW IT WORKS ef-me- Gee Your source Convert into Use in online Enjoy your benefits flexpoints Benefits Store chosen benefits 2016 STORM FLEX REPORT | 02