2022 Benefits Overview
Welcome
Welcome!
Welcome to Ministry Brands benefits website! This site will be available to you all year, so visit whenever you or your family members need additional information. Use the navigation bar at the top of the page to learn more about each category of benefits.
Transparency in Coverage
The below link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.
Questions?
2022 Benefits Overview
Medical and Rx
Medical Coverage
Ministry Brands partners with Cigna, one of the nation’s largest insurance companies, to provide access to comprehensive medical coverage. Eligible employees can choose between three health plan options based on the needs of you and your family. All three plans use the same national provider network.
Plan Option 1 is a traditional plan, with copays for office visits and prescription drugs. It offers the lowest copay and deductible, but also has the highest associated premium. Plan Option 2 is also a traditional plan that includes copays for office visits and prescriptions, but has slightly higher office visit copays. This plan has a higher deductible than Option 1, and has a lower monthly premium. On both plan Options 1 and 2, the Cigna's virtual care program is available with $0 copay!
Option 3 is a Qualified High Deductible Health plan, also known as a Consumer Driven Health Plan (CDHP). The CDHP is paired with a Health Savings Account (HSA), allowing members to save pre-tax funds to pay for qualified medical, dental and vision expenses. On the CDHP, you pay more of the cost of medical services until you’ve met your deductible, though you will always receive the significant Cigna network discount for all in-network care. Because you are taking on more of the responsibility for your care, premiums are less than the traditional plans. Eligible employees who elect the CDHP will have a Health Savings Account opened for them with HSABank. Ministry Brands will deposit up to $1,000 per year for employee-only coverage and $1,500 per year for those employees covering dependents, in equal contributions each pay period, to assist with qualified medical expenses.
Prescription Drug Coverage
Your Cigna medical plans also include prescription drug coverage. Cigna uses a formulary to indicate covered medications and the associated coverage tiers. To search the formulary, please go to cigna.com/druglist and select the Standard 3 Tier drug list from the drop-down menu. You can then search for medications or find your medications in the alphabetical list.
Health Savings Account (HSA)
Employees who enroll in the Option 3 Consumer Directed Health Plan may also elect a Health Savings Account (HSA), administered by HSA Bank. Ministry Brands will deposit up to $1,000 per year into each HSA, in equal contributions each pay period. To be eligible to contribute to or have employer contributions to an HSA you:
- Must be enrolled in an IRS qualified plan, such as the Option 3 Consumer Directed Health Plan
- Cannot have any other health coverage except what is permitted by the IRS
- Cannot be enrolled in Medicare, TRICARE or TRICARE for Life
- Cannot be claimed as a dependent on someone else’s tax return
- Cannot have funds in a Health Flexible Spending Account (FSA). Note that employees who currently have an FSA and elect Option 3 in 2022 can roll over up to $550 from their FSA into a Limited Purpose FSA, which can be paired with a Health Savings Account.
Questions?
2022 Benefits Overview
Dental and Vision
Dental Insurance
Employees have a choice between base and buy-up options. Both options include benefits for annual cleanings, as well as minor and major restorative procedures. The buy-up plan also includes adult and child orthodontia benefits, and provides annual maximum benefits of $2,000. Both plans:
- Cover preventive care at no cost to you
- Pay 80% for Basic Restorative services after deductible
- Pay 50% for Major Restorative services after deductible
- Have a single deductible of $50, not to exceed $150 per family. The deductible does not apply to preventive services
- Use the national Total Cigna Dental PPO Network
While the Cigna Dental PPO network includes thousands of participating dentists, the plan has been structured to minimize the possibility of members being balance billed by non-network dentists. For services provided by a non-network dentist, Cigna will reimburse the provider based on the 90th percentile of all provider charges in that area. This high level of reimbursement means that even if your dentist does not participate in the Cigna network, the dentist is unlikely to bill you any more than you would pay at an in-network dentist.
To search for Cigna dental providers near you, please go to http://bit.do/cignadental, then click on “Doctor by Type” and select “Dentist.” After entering your zip code, be sure to select the Total Cigna Dental PPO as your network.
Vision Insurance
Ministry Brands partners with Lincoln to provide access to comprehensive vision insurance. While Lincoln is the insurance carrier for this benefit, the plan uses the UnitedHealthcare Spectera network.
Employees may choose between a Base and Buy-Up plan. Both plans include benefits for annual eye exams, lenses, frames and contact lenses in lieu of lenses and frames. On the base plan, most services are subject to a copay, while copays are not required on the buy-up plan. In addition, the buy-up plan allows one to get new frames every year, while the base plan allows for new frames once every 24 months.
Vision benefits for out-of-network providers are substantially lower than in-network benefits. For this reason, covered members are strongly encouraged to use a provider who participates in the national Spectera network. To search for participating providers near you, please visit http://bit.do/LincolnVision and enter your search criteria on the right side of the page.
When using an online benefits provider, such as Warby Parker, please be sure to mention that your plan is through Lincoln Financial, but uses the UnitedHealthcare Spectera network.
Questions?
2022 Benefits Overview
Flexible Spending Accounts
Flexible Spending Accounts
Ministry Brands employees have access to Medical, Limited Purpose, Dependent Care Flexible Spending Accounts.
With a Medical FSA, you can set aside up to $2,850 pre-tax to pay for qualified medical, dental and vision expenses. You can even roll over up to $570 in unused FSA funds to the next plan year! Access your FSA funds at the point of sale using your debit card supplied by Wex.
A Limited Purpose FSA can be paired with a Consumer Driven Health Plan and HSA, like Medical Option 3. It works just like a Medical FSA except funds can only be used for qualified dental and vision expenses.
The Dependent Care Flexible Spending Account (DCFSA) is a pre-tax account used to pay for dependent care services such as before or after school programs and child or elder daycare. With the DCFSA, you can contribute up to $5,000 each year – pre-tax – to pay for the care of children up to age 13 or adult elder care.
Questions?
2022 Benefits Overview
Life and Disability
Life and AD&D Insurance
Company-paid basic life insurance and accidental death & dismemberment (AD&D) insurance is a combined benefit available at no cost for employees.
You may also purchase voluntary life and AD&D insurance for yourself and your dependents. Employees may purchase coverage in increments of $10,000 up to a maximum of $500,000, not to exceed 5 times your annual salary. Spouses may be covered up 50% of the employee coverage amount. Child life coverage of $10,000 is also available. Coverage must be elected on the employee to elect coverage on your spouse or children. AD&D provides an additional death benefit equal to the amount of coverage elected in the case of an accidental death.
When you are initially eligible for this coverage, usually as a new employee, you may elect up to $250,000 in coverage on yourself, up to $50,000 on your spouse and $10,000 on dependent children on a guaranteed issue basis. This means no medical underwriting is required and that coverage cannot be denied. Note: these guaranteed issue amounts are ONLY guaranteed upon being a new hire.
Employees may add $20,000 in coverage during open enrollment, and up to $10,000 in coverage on their spouse, without medical underwriting, as long as the employee and/or spouse have not previously been declined or withdrawn their application for Voluntary Life coverage.
Disability Insurance
Disability insurance provides income protection in the event of a disability.
Employer-Paid Short-Term Disability Insurance
Ministry Brands provides all full-time employees with short-term disability insurance through Lincoln Financial. On the 8th consecutive day of a qualified disability, Lincoln will provide benefits equal to 60% of your pre-disability salary, not to exceed $1,500 per week, with benefits lasting for up to 12 weeks. This benefit is provided at no cost to you!
Note that disability benefits coordinate and offset with all applicable state-mandated disability pay programs.
A short-term disability claim form and information about the claims process can be found in the resources section of this page.
Voluntary Long-Term Disability Insurance
Employees may also purchase long-term disability insurance through Lincoln Financial. If elected, long-term disability benefits begin after short-term disability benefits have been exhausted.
Employees may choose between two LTD options. Both options have the same 90-day waiting period, but the Advantage Plan provides benefits equal to 60% of pre-disability wages, while Value Plan benefits are 50% of pre-disability wages. Both options have a maximum benefit of $10,000/month. Benefits can last up to age 65 if one remains disabled as defined in the policy. Note that long-term disability benefits will offset against other sources of income.
Questions?
2022 Benefits Overview
EAP and Well-being
Employee Assistance Program
The Lincoln EmployeeConnect Employee Assistance Program offers services to help promote well-being and enhance the quality of life for you and your family. This confidential program is provided at no cost to you, and includes:
- Unlimited phone access to legal, financial, and work-life services
- In-person help with short-term issues
- Up to five face to face sessions per person, per issue, per year
Wellbeing Resources
Review the flyers linked below for detailed information on resources and programs offered through Cigna.
Questions?
2022 Benefits Overview
401k
Ministry Brands has chosen Charles Schwab as the recordkeeper to the Ministry Brands 401(k) Plan with Alliant Retirement Services, John Cunningham, as the financial advisor.
Many of us know that saving for the future is difficult when everyday life expenses must be paid. The 401(k) plan makes saving easy by helping you budget your savings with your individual contribution being deducted from your paycheck. You elect a percentage (not to exceed IRS annual limits) to be deducted from your paycheck on a pre-tax or after-tax (Roth) basis. Your contributions and any Ministry Brands matching contributions are invested into mutual funds per your election and direction.
The earnings on your account grow tax-deferred until you withdraw money at the time of retirement or another qualifying event. The amount withdrawn is taxable income in the year of the withdrawal (please see additional information provided on how after-tax (Roth) contributions are taxed in the year of withdrawal).
-
2022 Calendar Year Contribution Limit: $20,500
-
2022 Calendar Year Catch-up Contribution Limit: $6,500 (available for participants age 50 or older)
-
2022 Plan Year Employer-Matching Contribution: 100% of your contribution on the first 1.5% you contribute
- You are always 100% vested (ownership) in your contributions and the earnings on your contributions. You gradually earn vesting (ownership) in the employer matching contributions and earnings on the matching contribution. After two years of service with Ministry Brands, you will own 100% of the employer-matching-contribution account balance.
Investments Options: Ministry Brands 401(k) Plan offers an investment lineup with mutual fund offerings from multi-fund families and a variety of investment strategies. The 401(k) plan participant website contains more information on each investment option. Further, in the Notices section, please find the annual fee disclosure on the investment options.
Resources available to you:
Schwab 401(k) Participant Services: workplace.schwab.com/ | 800-724-7526
Alliant Retirement Services investment guidance: 401k@alliant.com | 866-428-4015
Questions?
2022 Benefits Overview
COVID-19
The federal government recently expanded coverage for over-the-counter (OTC) COVID-19 tests. Starting January 15, 2022, OTC tests must be reimbursed or covered through insurance.
Here’s what this means for you:
- Free at-home test kits are covered beginning January 15, 2022, through the end of the declared public health emergency (recently extended through April 16, 2022).
- Coverage for FDA-authorized or approved OTC COVID-19 tests does not require involvement from a healthcare provider. This is a departure from previous guidance, which generally required you to go through your healthcare provider.
- These tests are covered for you and your covered dependents for diagnostic or treatment purposes and are not intended for employment-related purposes such as workplace screenings.
- There's a limit of eight covered at-home tests per month per participant, and this does not otherwise limit coverage of COVID-19 tests administered or prescribed by your health care providers.
- If you are enrolled in Ministry Brand’s medical plan through Cigna, you can get at-home test kits at an in-network pharmacy or through home delivery for $0 out of pocket. Review the flyer linked below for more information.
Additionally, don’t forget to take advantage of the four free tests from the federal government, available to every home in the U.S. These tests can be ordered here https://www.covidtests.gov/.
If you have questions about your coverage through Cigna, please refer to mycigna.com or reach out to Cigna by phone at 1-800-244-6244.
Questions?
2022 Benefits Overview
Contacts
Dental
Employee Assistance Program
Benefits
