WELCOME
Helping you and your family reach and maintain good health is very important to Futuramic. Futuramic is 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.
Employee Educational meetings will be held on Wednesday November 30th & Thursday December 1st. More details to follow!
Eligibility
Regular employees working at least 30 hours per week are eligible to participate in benefits offered by Futuramic. When you enroll in the benefits program, you may also cover your eligible dependents. Dependents include your legal spouse and child(ren) up to age 26.
OVERVIEW
Futuramic remains committed to providing a competitive, cost-effective benefit program. Each year Futuramic takes great care and detail in the benefit programs offered to employees.
Below are highlights of the new changes that will be effective January 1, 2023:
- 3 Medical Plans will be available. There are no changes in deductibles or out of pocket structure.
- HSA 3000
- PPO 1000
- PPO 3000
- New Enrollees in HSA Plan will be offered the following seed money
- Single $250, Family $500
· Current Enrollees in HSA Plan will be offered the following seed money
- Single $125, Family $250
Please review your 2023 Futuramic Open Enrollment materials for more information regarding your plan offerings for 2023.
ENROLLMENT
Action Required:
All elections must be submitted by November 27, 2022.
ENROLLMENT INSTRUCTIONS:
- Go to www.FuturamicConnection.com
- Enter your User ID (format is case sensitive) : First Initial Upper Case + Last Name Upper Case first letter only + FTE e.g.John Smith = JSmithFTE
- Enter your Password: Last 4 of your SSN
- Follow instructions and enroll in your benefits
- Make sure to save your elections and print your confirmation statement.
The Benefit choices you make during your 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 or adoption of a child.
Refer to your Employee Benefits Guide or contact Human Resources if you have questions about qualifying events.
BCBSM will continue to administer your medical and prescription drug benefits this year. The plans that will be offered effective January 1, 2023 are as follows:
- SB PPO 1000
- SB PPO 3000
- SB PPO HSA 3000 - Includes Employer Provided HSA Funding
- NEW ENROLLEES (Single: $250 / 2 Person & Family: $500)
- CURRENT ENROLLEES (Single: $125/ 2 Person & Family: $250)
For more information, please review your benefit guide.
To view participating providers, please visit the BCBSM website below.
TELEMEDICINE
Futuramic provides those employees who are covered by one of the BCBSM medical plans access to virtual visits with BCBSM Online Visits. BCBSM Online Visits provide members the opportunity to receive medical and mental health care from the comfort of your own home. With BCBSM Online Visits, eligible employees and dependents have access to board certified doctors, psychiatrists and licensed therapists 24 hours a day, 7 days a week, 365 days per year.
To get access to these convenient services, visit www.bcbsmonlinevisits.com - OR - you may call 844.606.1608.
DENTAL
Futuramic's dental plan provides comprehensive coverage to help you and your family maintain good dental health. The same two plan options will continue to be offered.
Eligible employees may pick between the High or Low plans. The High plan will provide richer benefits for basic and major services, as well as orthodontia coverage. In order to get the highest level of coverage, and the lowest out of pocket expenses - be sure to visit an in network dentist.
To find out if your provider is in-network, please visit the website below.
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
Futuramic offers vision coverage through National Vision Administrators (NVA) to help pay for eye exams, prescription glasses and contact lenses. You receive a higher level of benefits when you see a provider in network, however, out-of-network coverage is provided but may only be handled as reimbursements in some situations. Review your coverage details in your Benefit Guide.
To find out if your provider is in-network, please visit the website below.
LIFE & DISABILITY
Futuramic provides you with financial protection options for life, accidental death & dismemberment, short term disability and long term disability with LFG.
Life/AD&D
Employer Provided - $25,000 Life and Accidental Death & Dismemberment Insurance
Voluntary: 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 - You pay a portion of this
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.
Long Term Disability - Employer Paid
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.
Please consult your Employee Benefits Guide and review the benefit summaries for additional details.
FSA
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 $3,050 annually
- All benefit eligible can participate
- If you are enrolled in an HSA plan, you will be eligible for the Limited Purpose FSA only
- Reimbursements 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 file separate tax returns
HSA
The Health Savings Account (HSA) allow you to set aside pre-tax dollars to pay for eligible expenses. By contributing to a HSA you reduce your taxable income, so you pay less in taxes — which saves you money.
To be eligible to contribute towards an HSA tax-free, you must meet the requirements below:
- Covered by a Qualified High Deductible Health Plan
- You cannot be covered by another health plan (including if your spouse has a Flexible Spending Account)
- You cannot be covered by Medicare or Medicaid
- You cannot be eligible to be claimed as a tax dependent
- You have not received VA benefits in the past 90 days
2023 HSA IRS Maximums are as follows:
$3,850 for a single contract
$7,750 for a two person or family
$1,000 "Catch Up" contribution for those age 55+
Maximums noted above are off-set by any employer provided HSA funding.
PPO HSA 3000:
NEW ENROLLEES Single $250 / 2 Person & Family $500
CURRENT ENROLLEES Single $125 / 2 Person & Family $250
MENTAL HEALTH RESOURCES
Your mental wellbeing is equally important as your physical wellbeing. Futuramic recognizes the importance of taking good care of yours and your families mental health. Futuramic provides all employees and their dependents access to the Employee Assistance Program with LFG. For those employees covered by a BCBSM medical plan, you and your covered dependents also have access to virtual mental health services with BCBSM Online Visits (registration link included in Telemedicine section).
UNDERSTANDING YOUR BENEFITS
Contact Us
As you consider your benefit options, please be sure to review all available information: Employee Benefits Guide, Futuramic Connection, and other videos and flyers found on this webpage. If you don't understand your benefits or need any assistance, please contact:
Futuramic
Human Resources
586.497.8850