Helping you and your family reach and maintain good health is very important to FEV North America, Inc. We are pleased to offer a selection of benefits designed with your health and financial wellbeing in mind. We review our benefit programs each year to ensure we consider the best combination of benefit coverage, network access and affordability for employees.
FEV is committed to providing a competitive, cost-effective benefit program. We are implementing some changes and additions for the 2021-22 plan year, which we hope will be positively received by you and your families. Below are highlights of changes that will become effective on December 1, 2021.
• Medical/Rx Insurance will remain with BCBSM/BCN
• High Deductible Health Plan with Health Savings Account Option Available
• New Dental Carrier (Metlife) - Orthodontia coverage now directly through dental plan
• Accident, Critical Illness and Hospital Indemnity Insurance now available thru UNUM
• No changes in Voluntary Life or Disability options
• New Employee Advocacy Service to help with your benefit questions throughout the year
If you were unable to join one of the live webinars, or have additional questions, please review the Open Enrollment Resources below.
ENROLLMENT
Remember: The benefit choices you make during your initial enrollment or annual 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 or adoption of a child. Refer to your Employee Benefits Guide or contact Human Resources if you have questions about qualifying events.
HEALTH ADVOCATE
We are pleased to offer all employees Health Advocate, a valuable new service that can help you navigate the healthcare system and get the most from your benefits!
If you have a healthcare, benefits, billing, claims or other issue, please call Health Advocate toll-free at 866.799.2731.
You can also send a confidential email to Answers@HealthAdvocate.com or go to the member website at HealthAdvocate.com/members. Health Advocate’s services are available at no cost to employees and their eligible family members
WELLNESS
MEDICAL
BCBSM and BCN will continue to be our medical provider for the 2021-22 plan year.
You have three medical plan options, detailed benefit summaries for each can be found below:
- PPO HSA - No cost to you!
- PPO
- HMO
Keep in mind, the HMO plan has a Standard plan design and Enhanced plan design. To receive the Enhanced plan design, you must complete the following in the first 90 days of your benefits start date:
• Take a health assessment by logging in to your member account on bcbsm.com or using Blue Cross mobile app
• See your doctor for a Blue Care Network Qualification Form visit, and have him or her electronically submit your qualification form
Your health plan now includes Livongo Diabetes Management. And it's available at no additional cost to you and your covered dependents who have Type 1 or Type 2 diabetes.
To get started visit the link below or call 1-800-945-4355, your registration code is BLUECROSSMI-START.
DENTAL
Our dental plan provides comprehensive coverage to help you and your family maintain good dental health. Providers are part of the Metlife network, or you may see an out-of-network dentist of your choice. Be aware if you go out-of-network, your costs will be higher.
Review your coverage details in your Benefit Guide.
VISION
DID YOU KNOW?
- Eye exams can help detect serious eye and general health conditions sooner: high blood pressure, diabetes, heart disease, high cholesterol
- Babies should receive their first professional eye exam at 6 months
- 80% of learning in the first 12 years comes through the eyes
We offer vision coverage through EyeMed to help pay for eye exams, prescription glasses and contact lenses. You receive a higher level of benefits when you see a provider in the EyeMed Network. Review your coverage details in your Benefit Guide.
HSA (HEALTH SAVINGS ACCOUNTS)
A Health Savings Account (HSA) is a tax-free savings account is owned by you, is 100% vested from day one, and let’s you build up savings for future needs. The funds may be used to pay for qualifying healthcare expenses not covered by insurance or any other plan for yourself, your spouse, or tax dependents. You decide how much you would like to contribute, when and how to spend the money on eligible expenses, and how to invest the balance.
2022 IRS Contribution Limits:
Single: $3,650
Two Person or Family: $7,300
Contribution limits include your individual contribution as well as any employer contributions. The combined total can not exceed the amount(s) mentioned above each calendar year.
FSA (FLEXIBLE SPENDING ACCOUNT)
The Health Care, Limited Purpose and Dependent Care Flexible Spending Accounts (FSA) allow you to set aside pre-tax dollars to pay for eligible expenses. By contributing to an FSA you reduce your taxable income, so you pay less in taxes — which saves you money.
HEALTH CARE FSA
- You may contribute up to $2,750 annually
- All benefit eligible can participate, unless you or your spouse are contributing to an HSA
- Reimbursements allowed for unreimbursed medical, prescription, dental, and vision expenses
LIMITED PURPOSE FSA
- You may contribute up to $2,750 annually
- If you are enrolled in an HDHP – you are only able to participate in a Limited Purpose FSA
- Limited Purpose FSA can over cover the costs for qualified dental and vision expenses for yourself and dependents – not able to cover any qualified medical expenses
DEPENDENT CARE FSA
- You may contribute up to $5,000 annually
- Limited to $2,500 if you are married and file separate tax returns
- Eligible expenses include care for your dependent child, spouse, parent or grandparent who are incapable of caring for themselves
LIFE & DISABILITY
We provide all team members with Basic & Voluntary Life/AD&D coverage as well as Short- and Long-Term Disability through UNUM.
Basic Life/AD&D
Employees working 30 or more hours per week are eligible for twice your salary, to a maximum of $200,000, in coverage payable to your designated beneficiary in the event of your death. An additional accidental death & dismemberment benefit (AD&D) is payable to you in the event of a covered dismemberment or to your beneficiary if your death is the result of an accident.
Voluntary Life/AD&D
A sudden accident or death can leave you or your loved ones in a vulnerable position. Employees have the opportunity to enroll in Term Life and Accidental Death & Dismemberment insurance which will supplement lost income in the event of an accident or death. If you choose to enroll in employee coverage, this will be in addition to your employer provided Basic Life coverage.
Who's 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.
Short Term Disability
Everyday illnesses or injuries can interfere with your ability to work. Even a few weeks away from work can make it difficult to manage household costs. Short Term Disability coverage provides financial protection for you by paying a portion of your income, so you can focus on getting better and worry less about keeping up with your bills. Your coverage through UNUM pays 60%of your income to a maximum of $1,846 per week.
Long Term Disability
Serious illnesses or accidents can interrupt your life, and your ability to work for months – even years. Long Term Disability provides financial protection for you by paying a portion of your income, so you have financial support to manage your disability and your household. Benefits begin after a 180 day elimination period are are equal to 60%of covered monthly earnings up to $8,000 for full-time employees.
Please consult your Employee Benefits Guide for additional details.
ADDITIONAL BENEFITS
FEV provides a competitive benefits package for all employees as part of our total compensation package. We realize you make benefit choices based on what’s important to you and the needs of your changing lifestyle. Therefore, along with our core benefits, we offer these additional benefits which help to provide financial support to employees. Additional benefits include:
- Hospital Indemnity
- Critical Illness
- Accident Care
- Identity Theft Protection
- Legal Shield
401K
The FEV North America, Inc. 401K Plan is available to all employees who meet the requirements of the plan. It makes saving for retirement easy and convenient, and helps you secure your financial future. Electing to contribute money into the plan also lowers your taxable income so you pay less in taxes now and take more income home. You do not pay taxes on your savings while your contributions remain in your account. FEV matches your contribution dollar for dollar up to a limit of 5%.
FEV’s 401(k) plan is administered by Principal. Log into the Principal website at www.principal.com to access your account, update your contributions and investment options, obtain information about loans, withdrawals, roll overs and other planning resources. You may also call Principal at 800-547-7754.
Eligible employees are auto-enrolled in the plan at a predetermined minimum contribution percentage unless they go to the Principal website (www.principal.com) and select another percentage and/or opt-out entirely. At the date of hire, the predetermined minimum contribution percentage is 6%. At the beginning of each calendar year, an additional 2%is added to each employee’s contribution percentage unless the employee has opted-out of the auto escalation. The auto escalation will max out at 12%.
If you need any assistance with financial planning, please contact:
Nick Pagano, Director, 248-939-0585 npagano@glpwins.com
Mike McEvilly, EVP, 734-748-8891 mike@glpwins.com
Rob Doehrer, CPA, 734-218-4888 rdoehrer@glpwins.com
George Kontos, Investment Advisor Representative, 313-320-9903 gkontos@glpwins.com
Ryan Miller, Investment Advisor Representative, 209-559-1209 rmiller@glpwins.com
EMPLOYEE ASSISTANCE PROGRAM
Your EAP is designed to help you lead a happier and more productive life at home and at work. Call for confidential access to a Licensed Professional Counselor who can help you. You can also reach out to a specialist for help with balancing work and life issues. Just call and one of our Work/Life Specialists can answer your questions and help you find resources in your community.
Resources for following topics are available at no cost to you:
- Stress, anxiety, depression
- Relationship, family, parenting issues
- Substance Abuse
- Anger, grief, loss
- Life transitions
- Referrals for additional treatment, as needed
Help is easy to access:
Phone support: 1-800-854-1446
Online support: unum.com/lifebalance
In-person: You can get up to three visits, available at no additional cost to you with
a Licensed Professional Counselor. Your counselor may refer you to resources in your community for ongoing support.
TRAVEL
Travel Assistance Program available via UNUM:
Whenever you travel 100 miles or more from home — to another country or just another city — be sure to pack your worldwide emergency travel assistance phone number. Travel assistance speaks your language, helping you locate hospitals, embassies and other “unexpected” travel destinations. Add the number to your cell phone contacts, so it’s always close at hand. Just one phone call connects you and your family to medical and other important services 24 hours a day.
Within the U.S.
1-800-872-1414
Outside the U.S.
(U.S. access code) +609-986-1234
Via e-mail:
medservices@assistamerica.com
UNDERSTANDING YOUR BENEFITS
Contact Us
As you consider your benefit options, please be sure to review all available information: Employee Benefits Guide, Intranet, and other videos and flyers found on this webpage. If you don't understand your benefits or need any assistance, please contact the Human Resources Department.
If you need to contact a specific carrier, website and phone numbers are included below.
Medical/Rx
BCBSM: (877) 790-2583
BCN: (800) 662-6667
Dental
Metlife
(888)638-4863
Vision
EyeMed Vision
(888) 723-0513
FSA
Discovery Benefits/WEX
(866) 451-3399
www.wexinc.com
HSA
HealthEquity
(866) 346-5800
www.healthequity.com
Life/AD&D
Short Term Disability
Long Term Disability
Accident
Critical Illness
Hospital Indemnity
UNUM
(800) 275-8686
LegalShield
Identity Theft
(800) 654-7757
www.legalshield.com