INTRODUCTION
Message from Human Resources
Helping you and your family reach and maintain good health is very important to ABC Corporation, and has a direct impact on our mission of providing exceptional care to our residents and making a difference in their lives. During this year you have each proven you are heroes on the front lines of caring for others. In turn, ABC Corporation cares for you by providing a comprehensive package of benefits for you and your family.
ABC Corporation is pleased to offer an extensive selection of benefits designed with your health and financial well-being in mind. We review our benefit program each year to ensure our offerings provide the best combination of benefit coverage, network access and affordability.
Eligibility
If you are eligible, you may enroll in benefits the first of the month following 30 days of employment. If you previously waived any benefits, you have the option during Open Enrollment to enroll or make benefit changes and add or drop dependent coverage without having a qualifying event.
Education Sessions
Join us for one of the online "live" webinars to learn more about our 2021 benefits programs. These meetings will be approximately 60 minutes with time for Q&A.
Can't attend? Click here to review a recorded version
OVERVIEW
An Overview of 2021 Benefit Changes
- BCBS-MN Medical: Elimination of the Strive Network and changes in the available providers within the High Value Network (HVN)
- HSA & FSA: Maximum contribution increases for 2021
There are no changes to the rest of your benefit plans and only minimal changes in your contributions for medical and dental as shown in your Employee Benefit Guide.
Your Employee Benefit Guide and this web page provides general information as an overview. If there is any discrepancy between the insurance carrier's certificate of coverage or summary plan description and this web page or Benefit Guide, the insurance plan documents will prevail. If you have any questions, contact Human Resources.
ENROLLMENT
Action Required:
- LOG INTO ADP online or with the Mobile App between November 4-November 18
- REVIEW your 2020 benefit elections and beneficiary designations
- CHANGE your existing coverage or make new elections no later than 10 PM on November 18
REMEMBER to enroll if you wish to participate in a Health Savings Account or Flexible Spending Account in 2021. You MUST do this even if you are already participating in 2020.
ELECTION CHANGES
The Benefit choices you make during your open enrollment remain in effect for the entire year.
You can, however, modify your elections under certain circumstances, called "Qualifying Events." These are events such as marriage, divorce, birth or adoption of a child, loss of eligibility under another plan. If you experience a qualifying event, you may make changes to your benefits within 30 days of the event or 60 days if the event is due to birth of adoption of a child.
Refer to your Employee Benefits Guide or contact Human Resources if you have questions about qualifying events.
MEDICAL
Blue Cross Blue Shield MN
ABC Corporation offers three medical plan options for full-time employees. All options provide high-qualify, affordable medical care, including preventive care, doctor's visits, hospitalization, and emergency care. However, each plan has unique characteristics and advantages. The plans are offered through Blue Cross Blue Shield of Minnesota.
PLAN CHOICES
- Plan A: $1,500 deductible with co-pays
- Plan B: $2,800 deductible with 30% co-insurance after deductible
- Plan C: $6,350 deductible with 0% co-insurance after deductible
NETWORK CHOICES
- Aware: In this network you have access to the largest selection of providers in Minnesota
- High Value: This more narrow network provides you access to leading primary and specialty care doctors and hospitals throughout the state
Refer to your Employee Benefits Guide or the BCBS Plan Summaries for additional coverage information.
DENTAL
Delta Dental Plan
Delta Dental has the largest dental provider network in Minnesota and the United States. The dental plan utilizes two Delta Dental network options and provides you with the freedom to see any dentist you choose.
VISION
EyeMed provides coverage for prescription glasses and contact lenses, as well as other vision related items.
How the Plan Works
EyeMed's Insight network offers access to a large variety of providers. Using an in-network provider increases your discounts for services. This plan provides coverage for materials and hardware only. Coverage for vision exams are provided as preventive service through your medical plan.
LIFE/AD&D
ABC Corporation provides full-time, eligible employees with basic term life and accidental death and dismember (AD&D) coverage at no cost to you.
The life benefit is payable to your designated beneficiary in the event of your death equal to 1x annual base salary. AD&D benefits are payable to you in the event of a dismemberment or an additional benefit is payable to your beneficiary if your death is the result of an accident.
Who is Your Beneficiary? Naming a beneficiary is a crucial part of electing life insurance. Also, don't forget to update your primary or secondary beneficiary if you experience a life event, such as a divorce or birth of a child.
FSA
Flexible Spending Accounts
The Health Care and Dependent Care Flexible Spending Accounts (FSA) allow you to set aside pre-tax dollars to pay for eligible expenses. By contributing to one or both of the Flexible Spending Accounts, you reduce your taxable income, so you pay less in taxes -- which saves you money.
Contributions
The election you make during enrollment is your election for the entire plan year. You may change it only if you have a qualifying life event and the change request must be consistent with the event.
You may contribute as follows:
Health Care FSA
- Up to $2,750 annually
- All benefit eligible can participate, unless you or your spouse are contributing to an HSA
- Reimbursements are allowed for unreimbursed medical, prescription, dental, and vision expenses
Dependent Care FSA
- Up to $5,000 annually
- Limited to $2,500 if you are married and filing separate tax returns
How the Plan Works
You must incur your eligible expenses during the plan year -- January 1 to December 31. An expense is considered to be incurred when the service is performed, not when you are billed or pay for the service. You do, however, have until March 31st annually to file your claims. Any funds remaining unclaimed after March 31 will be forfeited.
CONTACT US
As you consider your benefit options, please be sure to review all available information:
- Your Employee Benefits Guide
- ABC Corporation's Intranet
- Blue Cross and Blue Shield Enrollment Guide
- Videos and Flyers on this webpage
If you don't understand your benefits or need any assistance enrolling in ADP, please contact:
HR Manager
ABC Corporation
(612) 555-1212