YOU MUST ACTIVELY MAKE AN ELECTION IN PAYCOR ON OR BEFORE DECEMBER 11, 2023. If you are currently enrolled in benefits and you don’t make new elections, your current coverage WILL NOT roll over.

Medical Plan Changes - We will be changing medical carriers from Cigna to Anthem!

• The Cigna EPO 5000 with the HRA and HDHP will be eliminated for January 1, 2024.
• Anthem HDHP with HSA
• The deductibles will be $5,000 Individual / $10,000 family / $5,000 individual in a family.
• The out-of-pocket maximums will be $7,000 individual / $14,000 family / $7,000 individual in a family.
• With a High Deductible Health Plan (HDHP), you may be eligible to open a Health Savings Account (HSA) to put pre-tax money aside for eligible healthcare expenses. Please review page 10 of the Benefits Guide for more information on the HSA.
• Boyce will make an annual HSA contribution of $1,500 for Employee Only / $2,700 for Employee + Spouse / $2,700 for Employee + Child(ren) / $3,800 for Family coverage.

Anthem utilizes the National PPO (BlueCard PPO) network. To find a doctor in the National PPO (BlueCard PPO) network:

1. Go to https://www.anthembluecross.com/
2. Click on “Find a Doctor / Find Care” and Search as a Guest
3. Complete the fields under “Answer a few questions and then select a plan/network to search.” The network is National PPO (BlueCard PPO)
4. Enter your zip code and then click “Types of Providers”
5. View your search results

Most of your current providers are in the Anthem National PPO (BlueCard PPO) network.

• If your current provider participates in the Anthem National PPO (BlueCard PPO) network, make sure your provider has a copy of your new ID card, so your claims will be sent to Anthem.
• If your current provider does not participate in the Anthem National PPO (BlueCard PPO) network, your expenses will not be covered.

Continue Your Medical Care if Your Provider is NOT in the Anthem National PPO (BlueCard PPO) network.

• If you are currently receiving medical care from a provider in the Cigna network and:
• Have an acute medical condition, such as a recent surgery requiring follow up care, cancer in the midst of chemotherapy or radiation therapy, or you are in your second or third trimester of pregnancy, AND
• Your physician, hospital or other provider does NOT participate in the Anthem National PPO (BlueCard PPO) network,
• Then you may apply for transition benefits by submitting a completed Transition of Care form to Anthem and have it submitted no later than December 15, 2023. If approved, the Plan will cover your treatment, surgery or pregnancy at the in-network level for a timeframe approved by Anthem. You can find the Transition of Care form in Additional Resources below.

Dental Carrier Change – We will be changing dental carriers from Cigna to Empire. SAME PLAN DESIGNS!

We will be changing dental carriers from Cigna to Empire! Empire utilizes the Empire Complete network, so be sure to confirm your current providers will continue to be in-network.

Empire utilizes the Dental Complete network. To find a doctor in the Dental Complete network:

1. Go to https://www.empireblue.com/find-care/
2. Click on “Select a plan for basic search”
3. Complete the fields under “Answer a few questions and then select a plan/network to search.” The network is PPO: Dental Complete
4. Enter your zip code and then click “Dental Professionals”
5. View your search results

Health Reimbursement Account (HRA)

The HRA fund through ABG will no longer be available in 2024. For the employees who were enrolled on the EPO 5000 with the HRA fund, please be sure to submit any outstanding claims incurred in 2023 by the end of the runout period which is March 31, 2024.

Flexible Spending Account (FSA)

The FSA plan through ABG will no longer be available in 2024. You may incur expenses until March 15, 2024. You must submit all expenses by March 31, 2024, in order to receive reimbursement.

• If you were enrolled in the FSA plan in 2023 and you are enrolling in the Anthem HDHP with HSA for January 1, 2024, please read the below bullets regarding HSA-eligibility.
• In order to become eligible to make and receive contributions to your HSA on January 1, 2024, you must spend your entire Health FSA fund in 2023. You must have a $0 balance on January 1, 2024 to become HSA-eligible (assuming that you are otherwise HSA-eligible).
• However, if you have any funds remaining in your FSA when 2023 ends, you must wait until the grace period ends to begin contributing to an HSA. You would not be eligible to make and receive contributions to your HSA until April 1, 2024.

Transit and Commuter Account monthly limits are increasing. The IRS monthly maximums for 2024 are increasing from $300 to $315.

Vision, Life and Disability

Vision coverage will continue to be administered by EyeMed, with no change in benefits or cost. 

A 1x Salary up to $50,000 Life and AD&D benefit will continue to be provided for all employees, at no cost to you.

We will continue to offer a Short and Long Term Disability (STD/LTD) plan to all employees. Boyce Technologies will cover the cost for this plan, however you can choose to pay for coverage yourself. If Boyce pays for your coverage and you go out on disability, your disability benefit will be taxable income. If you pay for your coverage with post tax deductions, your disability benefit will be tax-free income.

STD

After being disabled for 7 days, the plan will pay 60% of your weekly earnings up to a maximum benefit of $1,500. The benefit will continue to be paid until you are no longer disabled, or 13 weeks (12 weeks paid benefit).

Here are a few examples of the weekly benefit tax free and taxable (Note the taxable benefit is an estimate and is using a 30% tax level)

$30,000 annual salary would mean you would be entitled to a $346 tax free benefit, if that benefit is taxable the amount would be reduced to $242

$60,000 annual salary would mean you would be entitled to a $692 tax free benefit, if that benefit is taxable the amount would be reduced to $485

$80,000 annual salary would mean you would be entitled to a $923 tax free benefit, if that benefit is taxable the amount would be reduced to $646

$100,000 annual salary would mean you would be entitled to a $1,154 tax free benefit, if that benefit is taxable the amount would be reduced to $808

LTD

After being continuously disabled for 90 days, the plan will pay 60% of your monthly earnings up to a maximum benefit of $12,500. The benefit will continue to be paid until you are no longer disabled, or reach normal social security normal retirement age.

Here are a few examples of the monthly benefit tax free and taxable (Note the taxable benefit is an estimate and is using a 30% tax level)

$30,000 annual salary would mean you would be entitled to a $1,500 tax free benefit, if that benefit is taxable the amount would be reduced to $1,050

$60,000 annual salary would mean you would be entitled to a $3,000 tax free benefit, if that benefit is taxable the amount would be reduced to $2,100

$80,000 annual salary would mean you would be entitled to a $4,000 tax free benefit, if that benefit is taxable the amount would be reduced to $2,800

$100,000 annual salary would mean you would be entitled to a $5,000 tax free benefit, if that benefit is taxable the amount would be reduced to $3,500