Welcome to Your Benefits Enrollment!
Now is the time to choose your 2023 benefits.
Payscale recognizes how important benefits are to you. That’s why we’re committed to helping you and your family enjoy the best possible physical, financial and emotional well-being. It’s also why we provide you with a comprehensive, highly competitive benefits package with the flexibility to make the choices that best meet your needs.
IMPORTANT REMINDERS:
- New employees: Enroll within 31 days from your hire date. If you don’t enroll within this time period, you won't have benefits coverage, except for plans and programs that are fully paid by Payscale, such as basic and AD&D life insurance, short-term disability and long-term disability.
- After your enrollment opportunity ends, you will not be able to make changes to your benefits until the next open enrollment, unless you experience a qualifying life event such as marriage, divorce, birth, adoption or a change in your or your spouse’s employment status that affects your benefits eligibility.
- Payroll deductions: Your 2023 health benefit premiums will begin on January 6 and continue every pay period except on Friday, March 31, and Friday, September 29, which are considered benefit premium holidays.
WHO CAN ENROLL:
- Full-time employees (24+ hours/week) – Eligible the first of the month after date of hire. Must choose benefits within 31 days of hire date.
- Variable-hour employees – Must average at least 24 hours/week during a 12-month period to be eligible.
- Eligible dependents – Includes employee’s spouse/domestic partner and children up to age 26, plus disabled dependent children of any age who meet plan criteria.
HOW TO ENROLL:
After you’ve carefully considered your benefit options and anticipated needs, it’s time to make your benefit selections. Follow the instructions to enroll yourself and any eligible dependents in health insurance benefits for 2023.
2023 Virtual Benefits Fair
Main Exhibition Hall
Click on a booth to visit
2023 Virtual Benefits Fair
Medical Plans
Aetna is Payscale's new medical and prescription carrier. For 2023, you have a choice of three medical plans with a range of coverage levels and costs. This gives you the flexibility to choose what's best for your needs and budget. Active enrollment is required for medical.
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CDHP with HSA $1,500 - a high-deductible health plan that puts you in charge of your spending through lower paycheck contributions, higher deductibles, and a tax-advantaged Health Savings Account (HSA).
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Base PPO $1,000 - a preferred provider organization plan that reduces your out-of-pocket responsibility when you need care by offering a lower deductible and copays.
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Buy-Up PPO $500 - a preferred provider organization plan that has the lowest deductible, giving you the most protection from out-of-pocket expenses when you need care, but costs the most from your paycheck.
Aetna Concierge
Payscale employees enrolled in one of the Aetna medical/Rx plans have access to a dedicated service team Monday - Friday 8 am to 6 pm (local time) by calling 1-800-331-0596 (also found on your Aetna ID card) or going online to www.Aetna.com and log in to your member website.
CDHP with HSA
PPO
How To Stretch Your Healthcare Dollars
Telehealth
2023 Virtual Benefits Fair
Prescription Drug Coverage
Each medical option includes coverage for prescription drugs.
Prescription drug benefits are provided through Aetna/CVS Caremark, with a pharmacy network that includes more than 74,000 pharmacies nationwide.
These include not only participating CVS pharmacies but also Walgreens, Walmart and many other pharmacy chains, as well as more than 20,000 independent pharmacies. For a list of covered drugs, you can either call Aetna/CVS Caremark at 1-800-331-0596 or go to the website.
How to Take Advantage of Mail-Order Service
To sign up for the Aetna/CVS Caremark mail order drug program, you can call 1-888-792-3862, or visit the website at and download the Mail Order form here.
2023 Virtual Benefits Fair
Dental Plans
Delta Dental is Payscale’s new dental carrier. For 2023, you have a choice of two dental options provided through Delta Dental. The plan provides the same benefits coverage for both in-network and out-of-network providers. However, it's usually to your advantage to use an in-network dentist because they will generally charge you lower fees. Using in-network providers also protects you from being balance-billed for services (charged more than the reasonable and customary amounts for services rendered).
You can choose the option that's right for you. For example, if you don't need orthodontic care (braces) or major restorative care, the Base Plan may be all you need. You can contact Delta Dental at 800-554-1907 (Monday - Friday from 7am to 5pm PT) or www.deltadentalwa.com.
2023 Virtual Benefits Fair
Vision Plan
This plan helps pay for a wide range of vision-related services and products, including periodic eye exams, eyeglasses and contact lenses for you and your covered dependents.
Your vision care plan is provided through VSP, which has a large network of vision care providers. You can check if your provider is in the network at www.vsp.com. Services and supplies are covered once every 12 months unless otherwise noted.
You'll pay the cost of vision coverage with before-tax dollars. How much you pay is based on the dependents you cover. You can enroll any combination of you, your spouse/domestic partner, and your children.
2023 Virtual Benefits Fair
Health Savings Account (HSA)
If you enroll in the Aetna CDHP-HSA plan, you're required to open a Health Savings Account (HSA) at a minimum annual contribution of $0 in order to receive Payscale's contribution to your account. You can increase, decrease or stop your HSA contributions at any time.
For 2023, Payscale will make the following contributions to your account:
- $500 for employee-only coverage
- $1,000 if you cover dependents
An HSA is a tax-free savings account you can use to pay for eligible health expenses anytime, even in retirement. You can make before-tax contributions from your paycheck into your HSA, allowing you to save money by using tax-free dollars to pay for eligible medical, prescription, dental, and vision expenses. The total amount that can be contributed to your HSA each year is limited by the IRS. The following limits for 2023 include any company contributions you receive from Payscale:
- Up to $3,850 for employee-only coverage
- Up to $7,750 if you cover dependents
- Add $1,000 to these limits if you're age 55 or older
WEX Customer Service
For questions pertaining to your Health Savings plan, please contact WEX Customer Service Monday – Friday 6am to 9pm (CT) by calling 1-866-451-3399 or go online to www.wexinc.com and log in to your member website.
How to Optimize Your HSA
HSA vs FSA
2023 Virtual Benefits Fair
Flexible Spending Accounts (FSA)
Tax-advantaged FSAs are a great way to save money. The money you contribute to these accounts comes out of your paycheck without being taxed, and you withdraw it tax free when you pay for eligible healthcare and dependent care expenses. Payscale offers you the following FSAs:
Health Care FSA
When you enroll in a Health Care FSA, WEX will send you a debit card, which you can use to pay for eligible expenses such as medical plan deductibles, copays and coinsurance. You can contribute up to $3,050.
Dependent Care FSA
Use your Dependent Care FSA to pay for eligible dependent expenses such as care for a child so you and/or your spouse can work, look for work, or attend school full time. You can contribute up to $5,000, or $2,500 if you are married and filing separately.
Limited Purpose FSA
Use your Limited Purpose FSA to pay for dental and vision expenses. You can contribute up to $3,050. Note: if you enroll in the CDHP and have an HSA, you're not eligible to open a Health Care FSA, but you can open a Limited Purpose FSA.
WEX Customer Service
For questions pertaining to your Flexible Spending plan, please contact WEX Customer Service Monday – Friday 6am to 9pm (CT) by calling 1-866-451-3399 or go online to www.wexinc.com and log in to your member website.
FSA
Dependent Care FSA
Limited Purpose FSA
How to Optimize Your FSA
Commuter Benefits
Another great way to save money through tax-free spending is Payscale’s commuter benefits program. You can use before-tax dollars to pay for monthly parking or transit costs related to your work commute. It’s easy and flexible. Before-tax deductions are allowed up to the IRS 2023 limit of $300 per month for parking or transit. Enroll or make changes by the 25th of each month via employee self-service through ADP at www.workforcenow.adp.com.
2023 Virtual Benefits Fair
Retirement Savings Plan
The Payscale 401(k) Retirement Savings Plan, offered through Empower, provides advantages you may not get with other types of savings plans and helps you meet one of life's important goals - saving for a financially secure retirement. Saving for retirement is important for your financial future, whether you're retiring soon or years from now. The Payscale 401(k) Savings Plan is designed to assist you in meeting your retirement goals.
You can contribute to your 401(k) with before-tax money or Roth after-tax money. The type of contributions you make will depend on your financial goals and circumstances.
Both before-tax and Roth after-tax contributions count toward the IRS maximum of $22,500 in 2023. You also may not contribute more than 50% of your income.
If you're 50 or older, you may make additional catch-up contributions - up to $7,500 in 2023.
Auto-enrollment is at 4% of your base salary with a company match of 50% on the first 4% of your base salary (or 2% base salary match). Eligible pay includes your base salary, not including any bonus or commissions.
You're always 100% vested in your own contributions and you're immediately vested in Payscale's contributions.
To enroll of make a change to your 401(k) enrollment, such as increasing your contribution rate or making a different investment selection, visit www.empower-retirement.com or call 800-338-4015.
2023 Virtual Benefits Fair
Life Insurance
Payscale offers programs to help ensure financial security for you and your family. We also provide access to voluntary benefits designed to help you save money on valuable supplemental insurance coverage.
EMPLOYEE BASIC LIFE AND AD&D
Payscale automatically provides you with a $50,000 basic life insurance and a $50,000 accidental death and dismemberment (AD&D) policy. AD&D policies pay benefits for certain serious losses due to an accident.
VOLUNTARY LIFE AND AD&D INSURANCE
You can also elect voluntary life and AD&D insurance for you, your spouse or domestic partner and your dependent children. If you enroll within 31 days of your first day of employment or qualifying life event, you can avoid completing an evidence of insurability (EOI) form by selecting the guarantee-issue amounts ($150,000 for employees and $25,000 for qualifying spouse coverage).
- For you – increments of $10,000 not to exceed five times your salary up to $500,000 (whichever is less)
- For your spouse – increments of $5,000 not to exceed 50% of employee coverage up to $250,000 (whichever is less)
- For your child – increments of $5,000 not to exceed 50% of employee coverage up to $10,000 (whichever is less)
HAVE YOU NAMED A BENEFICIARY?
Be sure you’ve selected a beneficiary for all your life and accident insurance policies. Your beneficiary will receive the benefit paid by a policy in the event of the policyholder’s death. It’s important to designate a beneficiary and keep that information up to date. You can add or change a beneficiary through ADP at www.workforcenow.adp.com.
2023 Virtual Benefits Fair
Disability Insurance
Payscale offers you two disability plans at no cost to you. The loss of income due to illness or disability can cause serious financial hardship for your family. Payscale's disability insurance programs work together to replace a portion of your income when you're unable to work. The disability benefits you receive allow you to continue paying your bills and meeting your financial obligations during this difficult time.
Short-Term Disability begins 15 days after disability and pays 60% of your weekly salary up to a maximum of $2,000 for 11 weeks. STD is a company-paid benefit.
Long-Term Disability begins 91 days after disability and pays 60% of your monthly salary up to a maximum of $10,000 per month until you recover or reach full social security retirement age. LTD is a company-paid benefit.
2023 Virtual Benefits Fair
Employee Assistance Program (EAP)
(Ability Assist)
The Employee Assistance Program (EAP) is available throughout the year to assist you with everyday challenges, at no cost to you. It’s all part of our commitment to supporting your total well-being.
Get help with stress, anxiety or depression, family issues, referrals for clinical, legal, and financial services, and more.
To begin taking advantage of this valuable benefit, visit guidanceresources.com or call 1-800-964-3577.
2023 Virtual Benefits Fair
Contacts
When you have benefits questions
Please contact the appropriate carrier listed below to learn more about a specific benefit plan.
BENEFIT PLAN
CARRIER
CONTACT INFORMATON
General Benefit and Claim Support
HealthAdvocate
Customer Service:
1-866-695-8622
Email:
Website:
Employee Assistance Plan
The Hartford
Customer Service :
1-800-964-3577
Website:
Health Savings, Flexible Spending and Commuter Accounts
WEX
Customer Service :
1-866-451-3399
Website:
Short-Term Disability
The Hartford
Customer Service :
1-888-301-5615
Long-Term Disability
The Hartford
Customer Service :
1-888-301-5615
Life and AD&D
The Hartford
Customer Service :
1-888-563-1124
