The 2023 Open Enrollment period begins Friday, December 9th and ends on Monday, December 19th. 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).
Elections for 2023 can be made online via Paycor, our online enrollment tool.
Open Enrollment Webinars:
We encourage you to join our live Q&A session as scheduled below. Note, we will aggregate the Questions & Answers into a document to post if you are unable to attend.
Date: Friday, December 9
Time: 10-11 AM
Dial in by phone: 1-516-500-8345 (PIN: 261-054-693#)
Join on your computer, mobile app or room device: Click here to join the meeting
Cigna Medical Plan Changes
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
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
Jamie Waxman
HR Manager
212-385-8585
jwaxman@boycetechnologies.com
NFP Benefits Concierge
9 a.m. – 6 p.m. Eastern Time
DBbenadmin@nfp.com
1-877-835-1361
NFP Claims Advocacy
9 a.m. – 6 p.m. Eastern Time
CSclaims@nfp.com