Cigna will continue to be the vendor for the Boyce Technologies Medical and Dental Program

Cigna Medical Plan Changes

• The deductible on the EPO will be increasing from $500 / $1,500 to $5,000 / $10,000, and the out-of-pocket maximum will be increasing from $5,000 / $10,000 to $7,500 / $15,000. Boyce will continue to fund the HRA at the same level as 2022, but for the EPO plan only.
• The HRA fund is:
• Employee Only - $3,000
• Employee + Spouse - $4,500
• Employee + Child(ren) - $4,500
• Family - $6,000
• If you wish to enroll in the EPO this year, you will need to contribute 7.5% towards your bi-weekly premium. Your per-pay-period costs are outlined below:
• Employee Only - $27.81
• Employee + Spouse - $58.46
• Employee + Child(ren) - $52.95
• Family - $86.35
• NEW PLAN - the HDHP! With a High Deductible Health Plan (HDHP), you can open a Health Savings Account (HSA) to put pre-tax money aside for eligible healthcare expenses. Please review the Benefits Guide for more information on the HSA.
• There is no cost to enroll in the HDHP.
• Boyce will contribute to your HSA in the amount of:
• Employee Only - $600
• Employee + Spouse - $1,200
• Employee + Child(ren) - $1,200
• Family - $1,800
• If you were enrolled in the EPO 500 last year and switch to the HDHP, Boyce will make an additional one-time contribution to your HSA based on your 2022 enrollment tier. These one-time inaugural contributions are:
• Employee Only - $800
• Employee + Spouse - $1,600
• Employee + Child(ren) - $1,600
• Family - $2,400
• Both plans will cover in-network services only.
• Effective January 1, 2023, Cigna has updated the Advantage Formulary RX list for more information please refer to the information in Cigna RX Advantage Changes Flyer and Performance-Drug List 3-tier. 
• 24/7 Customer Service – so you can contact Cigna by phone (800-244-6224) or online (www.mycigna.com) whenever you need assistance

How to Search for an In-Network Provider

1.      Go to www.cigna.com

2.      Click on “Find a Doctor, Dentist or Facility”

3.      Under “How are you Covered?” click on Employer or School

4.      Enter address, city or zip code

5.      Click on the search type (By Doctor type, Name or Health facilities)

6.      It will then ask you to login/register, at this point you can click on continue as a guest

7.      It will then ask you to select a plan, click on continue

8.      Select the Open Access Plus, OA Plus, Choice Fund OA Plus

Cigna Dental Plan Changes

• NEW PLAN – the DPPO Buy Up! With the DPPO Buy Up plan, you will have coverage for Orthodontia with a lifetime maximum of $1,500 per person! Out-of-network benefits are also slightly enhanced compared to the DPPO.
• The DPPO without orthodontia coverage offered in 2022 is still available, and there are no plan changes.

American Benefits Group (ABG) will be the new administrator for the Boyce Technologies HRA Program

• The Health Reimbursement Account (HRA) reimbursement will cover the in-network deductible, in-network coinsurance, in-network copays, and in-network prescription drugs. There will be no reimbursement for out of network expenses.
• The HRA debit card is coming back for in-network pharmacy copays only! For all other expenses, you must request reimbursement through ABG and submit your EOB as documentation.

• Reimbursement Accounts will continue to be administered by ABG.
• Health Flexible Spending Account (FSA) limits are increasing. The IRS maximums for 2023 are increasing from $2,850 to $3,050.
• The carryover maximum is increasing from $570 to $610. You may carryover $610 from 2023 into 2024. Any remaining funds over the $610 IRS maximum will be forfeited if they are not spent down.
• Transit and Commuter Account monthly limits are increasing. The IRS maximums for 2023 are increasing from $280 to $300.

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