Turner & Townsend
Table of Content
- Header
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Page
- Introduction
- Benefit Memo
- Benefits Overview
- How To Enroll
- PreTax Accounts
- Plan Documents
- Additional Resources
- Contact Us
- Footer
Welcome to 2023 Open Enrollment
Open Enrollment begins on April 10, 2023 and ends on April 21, 2023.
Introduction
This is the one time during the year to review your personal situation and determine whether to make changes to your current elections. You may also use this opportunity to enroll yourself and/or dependents if you waived coverage in the past. Outside of this enrollment period, you may only make benefit changes if you experience a qualified life event (e.g., birth, adoption, marriage, divorce, loss of spouse/partner health coverage).
Please see the presentation below that was discussed during our educational session on Monday 4/10
Benefit Memo
Benefits Overview
2023
- Your contributions for all UHC medical plans will be remaining the same!
- There will be no benefit changes to your medical, dental or vision coverage
- There is now an enhanced life benefit that increases benefit to 1.5x base salary to a maximum of $1M!
Please see the 2023 Benefits Guide on the right for more details
To view medical, dental, or vision plan comparisons, please refer to the documents below
How To Enroll
Your 2023 benefit elections can be made online. Please visit the link below to review and change benefits, and view the document on the left for instructions on using the web portal.
Reminders:
- Open Enrollment will take place through the Paycom system, beginning on April 10th through April 21st. All changes will be effective May 1, 2023 – April 30, 2024.
- You may not make any changes to your elections after open enrollment ends until the next open enrollment period, unless you experience a qualifying event. (I.e. marriage, birth, divorce, adoption etc.)
- This is a passive enrollment. If you do not make any changes to your elections, your current election will carry forward to the new plan year.
- You must re-enroll for the FSA (medical and dependent care). Current elections will not rollover into the new plan year.
- We recommend you confirm your HSA yearly elections. This is important if you started in the middle of the benefit plan year. As a reminder, HSA accounts can be adjusted during the plan year.
PreTax Accounts
Health Savings Account (HSA)
Account that is owned by you, funded by you and Turner & Townsend Inc. You can use the money contributed to an HSA to pay for qualified healthcare expenses such as deductibles, prescription drugs, eyeglasses, orthodontia and many over the counter drugs.
Annual Maximum Contribution – 2023 (Indexed Annually).
- $3,850 for Individual Coverage
- $7,750 for Family Coverage
- $1,000 Catch-Up Contribution for Employees Age 55+
You will not be able to contribute to an HSA if:
- Enrolled in the UHC Base or Premium medical plan.
- Enrolled in Medicare.
- Eligible to be claimed as a dependent on someone else’s tax return.
- You have an FSA balance.
- If you have an FSA currently, and are planning on enrolling in the HSA plan for 2023, be sure to exhaust your FSA medical funds by 4/30/2023.
Healthcare Flexible Spending Account (FSA)
Pretax account that can be used for qualified healthcare expenses. This is a use it or lose it account and only a certain amount ($610 for 2023-2024) will rollover each year.
Annual Maximum Contribution – 2023 $3,050
Dependent Care Flexible Spending Account (DCFSA)
Pretax account that can be used for on dependent care costs for the purpose of you or your spouse working. This is a use it or lose it account and it does not rollover year to year.
Annual Maximum Contribution – 2023 $5,000
Plan Documents
Please see below for plan documents with detailed benefit information for each plan.
Contact Us
If you have questions, please feel free to contact us
Additional Contacts
NFP Benefit Concierge
DBbenadmin@NFP.com
Robert Asca
Robert.asca@turntown.com