Benefits Showcase
Welcome
Benefits are more valuable than ever and are a significant part of your total compensation package. The resources and videos 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's why ABC Company 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. As a new hire, your benefits will become effective on the first of the month following 30 days of full-time employment.
Open enrollment is from October 14 through October 25.
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 healthcare flexible spending account(s)
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.
Questions?
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Benefits Showcase
Medical Plans
ABC Company is committed to offering a variety of medical benefits that provide generous coverage for both employees and their covered dependents. We offer two medical plans administerd though Loyal Healthcare to fit your budget and needs.
HMO Plan
A Health Maintenance Organization (HMO) usually offers lower monthly premiums than other types of insurance plans. They also tend to have lower copays and coinsurance, which helps make them more affordable.
With this plan, you're required to choose a Primary Care Provider (PCP) and stay within a network of providers, urgent-care centers and hospitals to receive coverage under the plan. You must receive referrals from your PCP before you visit a specialist or are admitted to a hospital, except in a qualifying emergency. There is also no out-of-network coverage under an HMO.
Enrolling in an HMO can be a great option to help minimize your healthcare costs so long as you stay within the network.
PPO Plan
Preferred Provider Organization plans (PPOs) provide more flexibiity when picking a doctor or hospital.
The PPO plan offers deductibles and requires copays when receiving treatment. If you're enrolled in the PPO plan, you can choose to contribute to a tax-advantaged healthcare flexible spending account to help pay for healthcare expenses not covered by your plan.
With the PPO medical plan, you have the choice of two benefit tiers: Plan providers (in network) and non-plan providers (out of network). The PPO option offers a larger network of providers and specialists to choose from. Unlike an HMO, you do not need to designate a Primary Care Provider (PCP) and you do not need to obtain a referral to see a specialist.
Need help choosing your medical and voluntary benefits?
Flimp Decisions helps you assess which medical plan is right for you and your dependents. Answer a few simple questions and the tool will recommend the medical plan that will most likely result in your lowest overall cost.
Get started with Flimp Decisions today!
Prescription Plan
If you're enrolled in one of ABC Company'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.
Questions?
Contact your benefits manager with questions
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Benefits Showcase
Dental and Vision
As part of the comprehensive health insurance coverage, ABC Company offers employees the option to select dental and vision coverage for themselves and their dependents.
Dental Insurance
Maintaining good oral hygiene is paramount to your overall health and wellness. That's why ABC Company has partnered with Delta Dental, one of the largest carriers, to provide our employees and their families with excellent dental coverage.
Regular dental care is an important part of caring for your overall health, and keeping your teeth fit may protect you from major expenses in the future. Use dental coverage through Delta Dental to help pay for the cost of routine checkups and just about any other type of dental work you might need, such as crowns or root canals.
If you have an HSA or an FSA, you can use these funds to cover eligible dental costs like your deductible or copay.
Vision Insurance
Regular eye examinations can not only determine your need for corrective eyewear, but also may detect general health problems in their earliest stages. They can help identify early signs of diseases that impact your whole body such as high blood pressure, diabetes and high cholesteral.
Whether you have perfect vision or require some type of corrective lenses, preventive eye care is an important part of your overall health. VSP can help you offset the expensive costs of exams, frames, contact lenses, corrective surgery and more.
If you have an HSA or an FSA, you can use these funds to cover eligible vision-related costs like your deductible, glasses or contact lenses.
Questions?
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Benefits Showcase
HSA and FSA
ABC Company provided both an HSA and FSA to help employees budget and save for qualified medical expenses incurred over the course of the plan year.
Health Savings Account
A Health Savings Account (HSA) is a tax-free account that you can use to pay for current and future medical expenses.
If you're enrolled in a consumer-driven High-Deductible Health Plan (HDHP with HSA), you're eligible to contribute on a pre-tax basis to an HSA. ABC Company contributes $1,500 annually in one lump sum on the first of the year. You can use these funds to cover medical, dental and vision expenses.
Money you don't spend rolls over from year to year. So, if you change jobs, switch to another medical plan or even retire, your HSA and the money in it is still yours to keep. You can choose to save it for eligible healthcare expenses tax free in retirement.
Flexible Saving Account
A Flexible Spending Account (FSA) is a plan that allows you to budget and save up to $2,850 in pre-tax dollars through payroll deductions to pay for qualified expenses (as defined by the IRS) incurred for the plan year. ABC Company partners with Peak Benefits for FSAs.
Dollars invested in an FSA are tax free and the entire amount is available on the first day of the plan year. However, any money not used by end of the plan year is forfeited.
An FSA covers eligible out-of-pocket healthcare expenses such as medical copays, coinsurance, prescription drugs, dental and vision costs. It's available to you and any eligible dependents including spouse, children and any other person who is a qualified IRS dependent.
Questions?
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Benefits Showcase
Wellness Program
We believe that providing robust wellness initiatives is key to promoting a healthy lifestyle and controlling healthcare expenses, while encouraging and rewarding healthy living behaviors.
Earn Rewards For Healthy Living
Our wellness rewards program is open to all employees and spouses covered under one of our medical plans. Both the employee and covered spouse must complete a biometric screening and well-being assessment each year.
The ABC Company rewards program is a points-based program. The more you do, the more you earn!
- Earn 1,200 points = $250 reimbursement
- Earn 1,500 points = $500 reimbursement
- Earn 1,800 points = $750 reimbursement
For the full list of rewards intended to promote health and well-being, please click the Program Benefits button below.
Questions?
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Benefits Showcase
Employee Assistance Program
There are times in life when you might need a little help coping or figuring out what to do. Take advantage of the Employee Assistance Program (EAP), which includes counseling services and resources that are available to all employees and their families.
Employee Assistance Program
Our EAP is available at no cost to you and all members of your household. This includes dependent children up to age 26, whether or not they live at home. Services are confidential 24 hours a day, seven days a week. Access educational resources and services, including:
- Daily life assistance
- Emotional well-being support
- Up to six counseling sessions per issue, per year
- Financial services
- Legal services – free 30-minute consultation with a participating attorney
- Online resources – articles, assessments, video resources, fitness discounts and more
Questions?
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Benefits Showcase
Life Insurance and Supplemental Options
While no one likes to think about it, planning for your family’s financial security in the event of sickness, serious injury or death is one of the greatest gifts you can give your loved ones.
Life Insurance
Basic life insurance is provided to all full-time employees, spouses and children at no cost to you. Enrollment in this benefit is automatic.
Salaried employees receive 1.5 times your annual salary, up to $500,000.
Hourly employees receive a flat $25,000.
Dependent spouse receives a flat $10,000.
Dependent children up to age 26 receive $5,000.
You can purchase additional life coverage beyond what ABC Company provides through Partner Life Insurance. They guarantee coverage during your initial enrollment period, which means you can't be turned down for coverage based on medical history.
Accident Insurance
The Shield Accident Insurance Protection Plan can pay for expenses resulting from a covered accident or accidental dealth and dismemberment not covered by your medical plan.
This benefit can complement your medical and disability insurance to help you pay for unexpected or common costs such as your medical deductible, coinsurance, emergency room visits, physician office visits and hospital charges. This coverage is available to purchase for yourself and your dependents.
Accident insurance is an extra layer of protection and an affordable way to supplement the additional expenses associated with your injuries, treatments and services.
Critical Illness Insurance
While major medical insurance may pay for a good portion of the costs associated with an illness, there are lots of expenses that are just not covered — from deductibles and copays to living expenses. With a critical illness policy, you can rest assured you will be protected from extreme financial burdens in the event of severe illness or injury.
The voluntary critical illness coverage is designed to help offset the financial effects of a catastrophic illness with a lump-sum benefit if you're diagnosed with a qualified serious illness.
Critical illness insurance coverage can help pay for expenses such as rent, mortgage or other daily living expenses, as well as health-related expenses not covered by major medical insurance.
Chiropractic Care
Chiropractic treatment can help reduce pain in the muscles, joints, bones and connective tissues. Chiropractors use hands-on spinal manipulations and other alternative treatments.
ABC Company provides a quarterly stipend for qualified chiropractors. This stipend is over and above what your medical insurance plan covers.
Questions?
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Benefits Showcase
Retirement
ABC Company recognizes how important it is to invest in your future, which is why we match your 401(k) contributions.
401(k) Retirement Savings Plan
ABC Company's 401(k) Retirement Savings Plan gives you an easy way to save through payroll deductions, which are matched with company contributions. ABC Company offers both a Traditional (pre-tax) and Roth (post-tax) 401(k) option administered by Compass Financial.
We match 100% of your before-tax contributions up to the first 4% you contribute. That’s like free money to help your account grow faster! Employees can contribute up to 50% of their pay to their 401(k) account.
Employees will be 25% vested for each year of service. If you have four or more years of service, your employer match will be 100% vested.
Questions?
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Benefits Showcase
Learn More About Your Benefits
Each quarter, our benefits team conducts lunch-and-learn sessions for any employees who want to participate. These informal meetings give you the opportunity to learn about specific aspects of our benefit offerings, while enjoying lunch on ABC Company. You're encouraged to bring any questions you have — our experts will lead discussions and provide answers.
After the events, we'll post the recordings here for those who aren't able to attend and for future reference for other employees.
Questions?
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Benefits Showcase
Compliance Notices
Medical Plan Notices
Summary of Benefits and Coverage (SBC)
401(k) Plan Notices
Pension Notices
for employees hired prior to 12/31/2014
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