| Coverage Type | In- and Out-of-Network Coverage |
|
Preventative
|
100%
|
|
Basic Restorative
|
80%
|
|
Major Restorative
|
60%
|
|
Orthodontia (Adult & Child)
|
50%
|
2025
Benefits Enrollment Showcase
Welcome
Benefits are more valuable than ever and are a significant part of your total compensation package. The resources here are designed to provide you the information you need so you can identify which offerings are the best for you and your family.
Open Enrollment
We know how important benefits are for you and your family. That is why Posit is committed to offering excellent, well-rounded options that protect your physical, mental, and financial health. Our programs are designed to provide you peace of mind and protect you and your loved ones.
Choosing your benefits takes careful thought and planning. Use this benefits showcase to learn about the benefits available to you and your family.
Benefit changes made during open enrollment will become effective January 1.
Open enrollment is from December 2 through December 13.
How to Enroll
This is your opportunity to make changes to your current health plan elections for the upcoming plan year. During open enrollment, you may:
Enroll or
re-enroll
Make changes to your benefits
Add or remove dependents
Enroll in spending accounts
This site will be available to you on demand all year. Take some time to review this information and return to this site whenever you or your family members have questions or want to review your benefits.
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Benefits Enrollment Showcase
Medical Plans
At Posit, we know that our employees are a critical part of our success. That’s why we strive to provide you with an employee benefits package that helps you protect and care for yourself and your family, now and into the future.
Posit will offer three* different Meritain health plans this year: an EPO, a PPO and an HDHP plan (High Deductible Health Plan) with an HSA (health savings account) contribution. All three plans are part of Meritain’s Open Access network, and Posit will pay 100% of the monthly premiums for all three plan options.
HDHP Plan
A high deductible health plan (HDHP) allows the ability to open a health savings account (HSA) and save funds for qualified expenses. It has the ability to pay for qualified expenses with pre-tax payroll dollars. Funds withdrawn from your HSA for qualified expenses are not taxable.
Unspent HSA funds "roll-over" year-to-year ("use it or lose it" does not apply). You may use a debit card at HSA approved locations and will own the bank account and keep the HSA even if you change jobs or health plans.
PPO Plan
PPO Plans have a network of providers, but also allow for the use of providers outside the plan's network. Posit will offer both a traditional PPO and a high deductible plan with a health savings account.
EPO Plan
Similar to the HMO, the EPO covers services performed solely by in-network providers. The Posit in-network only EPO plan will not require employees to get referrals through a primary care provider.
Telehealth
Telemedicine is the practice of using technology to deliver medical care at a distance. A physician in one location uses telecommunication to deliver care to a patient at another location. These telecommunications may include, but aren’t limited to video conferencing, email and telephone calls.
In addition to telemedicine visits, Posit's plan also offers access to Teladoc. Teladoc is a on-demand health care solution that gives you the medical care you need, when you need it. With Teladoc, you can talk to a highly qualified, experienced doctor 24/7 by phone, online video or mobile app. The standard consult fee applies for Teladoc visits.
Rx Benefits
If you are enrolled in one of Posit's medical plans, you automatically have prescription drug coverage through Pharmacy Benefit Management. Your prescriptions are subject to your medical deductible and may be paid with available HSA dollars.
Home delivery is also provided by PBM. Certain controlled substances and prescriptions that have expired will require a new prescription from a doctor. Click on the Prescription Plan Benefits button below for more details about the plan.
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Benefits Enrollment Showcase
Dental Insurance
In addition to protecting your smile, dental insurance helps pay for dental care and includes regular checkups, cleanings and X-rays. It also offers a $2,000 annual maximum and $2,000 ortho lifetime maximum.
Several studies suggest that oral diseases, such as periodontitis (gum disease), can affect other areas of your body-including your heart. Receiving regular dental care can protect you and your family from the high cost of dental disease and surgery. We’re happy to say that Posit will be offering comprehensive dental coverage through Delta Dental, for both in-network and out-of-network providers. Posit will pay 100% of premiums for this benefit.
Vision Insurance
Posit’s vision insurance entitles you to specific eye care benefits through MetLife. Our policy covers routine eye exams and other procedures, and provides specified dollar amounts or discounts for the purchase of eyeglasses and contact lenses. Posit will pay 100% of premiums for this benefit. If you seek the services of a provider listed in the MetLife provider directory, your benefits include the following (out-of-network allowances are also available):
- Routine vision exams for a $10 copay.
- $20 copay for lenses available every 12 months
- $150 allowance for contact lenses every 12 months
- $175 allowance for frames every 12 months
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Benefits Enrollment Showcase
Health Savings Account
If you enroll in a High Deductible Health Plan (HDHP), all medical and pharmacy services, with the exception of preventative care and certain preventative medications, are subject to the upfront deductible. Once the deductible is met, you either pay coinsurance and/or a copay for medical and pharmacy, up to the out-of-pocket limit. Posit’s HDHP is a qualified plan that allows you to open a Health Savings Account (HSA). You can contribute funds on a pre-tax basis to the HSA to help fund the deductible and out-of-pocket costs (subject to IRS annual maximums). In addition, Posit will also contribute to your account (see company contributions table, below).
A Health Savings Account (HSA) is an individually owned account and is used to cover current and future medical expenses. HSAs are available to all individuals who are covered by a high deductible health plan (HDHP), so it’s important to understand HDHP first. An HDHP is exactly what its name implies although there are regulations in place defining its parameters. First, the deductibles are higher than many traditional plans. One of the benefits of contributing to an HSA is its ability to reduce your tax liability. Contributions to your account are made on a pre-tax basis thus reducing your total taxable income. Posit’s HSA will be offered through Fidelity. Following your election of an HSA plan, Fidelity will reach out to you via email to complete your account set-up.
The table below shows the contributions that Posit will make to HSAs annually, based on coverage levels. Total annual contribution will be divided equally across pay periods.
| Coverage Level | Posit HSA Contribution (Annual) |
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Employee Only
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Employee and Spouse
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|
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Employee and Child(ren)
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|
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Family
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The IRS limits below are yearly maximum amounts allowed to be contributed to your HSA, including the employer-paid contributions.
| Coverage Level | 2025 Annual Maximum |
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Employee Only
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|
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Employee and Spouse
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|
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Employee and Child(ren)
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|
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Family
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Employees age 55 and older can make an annual catch-up contribution of $1,000. You may change your HSA contribution any time during the year.
Flexible Saving Account
Posit’s Flexible Spending Accounts (FSAs) are administered by WEX (Discovery Benefits). This benefit is offered to all full-time employees who work 30 or more hours per week.
What is an FSA?
A Flexible Spending Account (FSA) is a tax-favored program that allows you to pay for eligible out-of-pocket health care and dependent care expenses with pre-tax dollars. By using pre-tax dollars to pay for eligible health care and dependent care expenses, an FSA gives you an immediate discount on these expenses that equals the taxes you would otherwise pay on that money. In other words, with an FSA, you can both reduce your taxes and get more for your money than if you paid for eligible health care and dependent care expenses with after-tax dollars. The health care FSA plan features a debit card that can be used for eligible expenses.
Here are some of the advantages an FSA can provide:
- The amount you contribute to the FSA is not subject to federal income tax or social security (FICA) tax.
- You can withdraw money from your FSA to pay for qualified expenses and the withdrawals are not taxed.
- You do not have to report FSA amounts on your income tax return.
How do FSAs work?
At the beginning of the plan year, you elect an amount to be withdrawn from your paychecks that will be put into your FSA account.
When you enroll in the Health Care FSA, you will receive a debit card from WEX/Discovery Benefits that allows you to pay for your eligible health care expenses directly. You will need to activate your card when you receive it in the mail.
| Health Care FSA | Limited Purpose FSA | Dependent Care FSA |
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Annual Maximum Contribution: $3,300
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Annual Maximum Contribution: $3,300
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Annual Maximum Contribution: $5,000
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Lifestyle Spending Account (LSA)
What is an LSA? This is a company-funded savings account that you can use for a variety of different expenses related to professional development, wellness, financial health, charitable giving and remote work support. For US employees, our LSA will be managed via the WEX platform, which many of you use currently for FSA account management. For those outside the US, we will be working with Velocity Global to ensure you have parallel funds available for LSA expenses via structured allowances.
The principle behind the LSA program is that YOU can decide how to allocate these funds across the eligible expenses that mean the most to you. Funds that you do not use in a given year can be rolled over to the next year, if there’s something “big” you have your eye on down the road and want to accumulate funds. Further details about how this program will work will be finalized over the coming weeks, and shared via Confluence. Note that you will NOT need to enroll in the LSA program as part of benefits open enrollment–these accounts will be created for benefits-eligible employees automatically.
Here’s a quick overview of how this will work:
2025 LSA Funding Schedule:
To create a smoother bridge from our current home office allowance program, which includes a lifetime budget of $1000 plus $800 for a monitor, we are wrapping in home office budgets and adding additional funds. In addition to the initial $1,800 deposit, Posit will deposit $375 at the beginning of every quarter. Any unused funds will carry over to the following year.
Please note all funds used are taxed as income. You can expect to see the recorded funds (Non Payable Taxable Income) on your first paycheck following the quarter.
Have benefit questions?
Contact
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Benefits Enrollment Showcase
Life Insurance
Life insurance can help provide for your loved ones if something were to happen to you. Posit provides full-time employees with 2X your salary up to a maximum of $500,000 in group life and accidental death and dismemberment (AD&D) insurance.
Posit pays for the full cost of this benefit-meaning you are not responsible for paying any monthly premiums.
You can update your beneficiary information on our employee navigator benefit enrollment platform.
Accident Insurance
Accident insurance is intended to pay for the treatment of unexpected accidents that can occur every day. Benefit payments can help you with your medical deductibles and co-pays, and cover household expenses like groceries, mortgage payments and childcare, reducing stress while you recover.
Critical Illness Insurance
When you or a family member suffers a serious illness like a stroke or heart attack, Critical Illness Insurance can help with expenses that medical insurance doesn’t cover, like deductibles or out-of-pocket costs or services like experimental treatment. Critical Illness supplements your medical and your disability income insurance. The lump sum benefit is paid when you need it most, upon diagnosis, so you can rest assured that you will have funds to offset upcoming out-of-pocket costs.
Short-Term Disability
Short-term disability insurance may replace all or a percentage of your income when you're temporarily unable to work due to a non-work-related illness, injury, or medical condition. The benefit is paid directly to you, so you decide how best to allocate these funds.
| LTD Coverage | |
| Waiting Period | 30 days of employment |
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Percentage of Income Replaced
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Maximum Benefit
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|
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Monthly benefit after your claim is approved
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|
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When benefits begin
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Benefits begin as soon as 90 days from the date of your disability. |
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Benefits may be paid for
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Up to your Social Security Normal Retirement Age or longer, depending on your age at disability.
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Additional plan information
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This plan provides a benefit for covered disabilities resulting from illness or injury that occurs on or off the job.
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Long-Term Disability
Benefit eligible employees are provided with Long-Term Disability (LTD) benefits through SunLife, which offer income protection if you become disabled and cannot work due to an accident or sickness for an extended period of time. At Posit, we want to do everything we can to protect you and your family. That’s why Posit pays for the full cost of long-term disability insurance-meaning that you owe nothing out of pocket. To ensure you get the maximum benefit, the premium paid by Posit will be imputed income to you and any benefits you receive will be tax free.
If approved, the LTD benefit begins 90 days after you become disabled and cannot work. The benefit replaces 60% of your monthly salary to a maximum benefit of $15,000 per month. During the first two years, benefits are paid if you are unable to perform the duties of your “own occupation.” After two years, you must be unable to perform “any occupation” for which you are reasonably suited, and your benefits will continue to a maximum duration based on your age at disability.
Hospital Indemnity
Hospital Insurance helps you pay for medical and out-of-pocket cost that you may incur after being admitted to a hospital.
Voluntary Life Insurance
While Posit offers basic life insurance, some employees may want to purchase additional coverage. Think about your personal circumstances. Are you the sole provider for your household? What other expenses do you expect in the future (for example, college tuition for your child)? Depending on your needs, you may want to consider buying supplemental coverage.
With voluntary life insurance, you are responsible for paying the full cost of coverage through payroll deductions. Employees are able to elect up to the guarantee issue amount without completion of evidence of insurability. Any elected amount above the guarantee issue will require completion of an evidence of insurability form that will be provided by SunLife. You will not be charged for any amount above the guarantee issue until the form has been completed and SunLife has approved the higher amount.
| Coverage Level | Voluntary Life & ADD Insurance | |
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Employee
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$10,000 increments not to exceed the lesser of 6x base salary or $500,000
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Guarantee Issue (GI) $200,000*
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Spouse
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$5,000 increments not to exceed $250,000
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Guarantee Issue (GI) $50,000*
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Children
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$10,000 benefit per child
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All Guarantee Issue (GI)
|
Have benefit questions?
Contact
Email:
Benefits Enrollment Showcase
Legal Benefit
Why a Legal Plan Matters
Legal matters occur throughout life, when you’re getting married, buying a home, caring for aging parents or dealing with identity theft or a tax audit. Having access to a network of attorneys through a legal plan empowers you to handle these costly issues as they arise. MetLife’s network attorneys are available in person, by phone or by email.
MetLife also offers access to online tools to complete your estate planning documents or download self-help legal forms. You can choose an attorney from MetLife’s network of prequalified attorneys, or use an attorney outside of the network and be reimbursed some of the cost.
Pet Insurance
Help protect your pet from costly vet bills
More than ever, pets play such a huge role in our lives. MetLife wants to do everything to keep them safe and healthy. Help make sure your furry family members are protected against unplanned vet expenses for covered accidents or illnesses with MetLife Pet Insurance.
- Visits to the vet can be unpredictable and expensive. Pet parents spend over $29.3 billion on vet care annually.
- Twenty-four percent of pet parents have gone into credit card or personal loan debt as a result.
- A small monthly payment can help you prepare for those unexpected vet expenses down the road.
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Contact
Email:
Benefits Enrollment Showcase
Ginger/Headspace
Headspace is a meditation and mindfulness app that is designed to help employees reduce stress, improve focus, and increase overall well-being.
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Ginger’s clinical expertise and Headspace’s meditations come together to transform mental healthcare.
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Merging clinical expertise with meditations and mindfulness for comprehensive mental health care.
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Includes meditations, mindfulness, sleep support, focus tools, and more.
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Offers a complete mental healthcare package for global employees and their families.
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Unlimited, on-demand mental health coaching.
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24/7 phone support for in-the-moment needs.
Have benefit questions?
Contact
Email:
Benefits Enrollment Showcase
401(k) Plan
Posit's 401(k) Retirement Savings Plan is with Fidelity. We offer both a Traditional (pre-tax) and Roth (post-tax) 401(k) option.
You may sign up and start contributing right away. After six months, Posit will match 50% of your contribution up to $11,750 annually.
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